FFFEX vs. BRK-B

Last updated Jun 4, 2026

FFFEX (Fidelity Freedom 2030 Fund) is Target Retirement Date fund managed by Fidelity, while BRK-B (Berkshire Hathaway Inc.) is a stock. Over the past 10 years, FFFEX returned 9.48%/yr vs 12.91%/yr for BRK-B. At a 0.47 correlation, their price movements are largely independent.

Performance

FFFEX vs. BRK-B - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Fidelity Freedom 2030 Fund (FFFEX) and Berkshire Hathaway Inc. (BRK-B). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, FFFEX achieves a 8.94% return, which is significantly higher than BRK-B's -5.43% return. Over the past 10 years, FFFEX has underperformed BRK-B with an annualized return of 9.48%, while BRK-B has yielded a comparatively higher 12.91% annualized return.

FFFEX

• 1D: 0.39%
• 1M: 3.34%
• YTD: 8.94%
• 6M: 9.98%
• 1Y: 21.29%
• 3Y*: 14.54%
• 5Y*: 6.68%
• 10Y*: 9.48%

BRK-B

• 1D: 0.82%
• 1M: 1.46%
• YTD: -5.43%
• 6M: -5.61%
• 1Y: -4.51%
• 3Y*: 13.00%
• 5Y*: 10.20%
• 10Y*: 12.91%

*Multi-year figures are annualized to reflect compound growth (CAGR)

FFFEX vs. BRK-B - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
FFFEX Fidelity Freedom 2030 Fund	8.94%	17.68%	9.22%	15.37%	-16.97%	11.53%	15.64%	21.82%	-7.02%	19.83%
BRK-B Berkshire Hathaway Inc.	-5.43%	10.89%	27.09%	15.46%	3.31%	28.95%	2.37%	10.93%	3.01%	21.62%

Correlation

The correlation between FFFEX and BRK-B is 0.09, meaning there is essentially no relationship between their price movements. Each responds to its own set of market drivers, making them strong candidates for combining in a diversified portfolio.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.09
Correlation (3Y) Calculated over the trailing 3-year period	0.30
Correlation (5Y) Calculated over the trailing 5-year period	0.47
Correlation (10Y) Calculated over the trailing 10-year period	0.55
Correlation (All Time) Calculated using the full available price history since Oct 18, 1996	0.47

Over the past year, the correlation between FFFEX and BRK-B has dropped to 0.09 - well below their long-term average of 0.47, suggesting their price drivers have been diverging.

Return for Risk

FFFEX vs. BRK-B — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.

FFFEX

FFFEX Risk / Return Rank: 70
FFFEX Sharpe Ratio Rank: 72
FFFEX Sortino Ratio Rank: 71
FFFEX Omega Ratio Rank: 72
FFFEX Calmar Ratio Rank: 66
FFFEX Martin Ratio Rank: 70

BRK-B

BRK-B Risk / Return Rank: 23
BRK-B Sharpe Ratio Rank: 27
BRK-B Sortino Ratio Rank: 22
BRK-B Omega Ratio Rank: 23
BRK-B Calmar Ratio Rank: 24
BRK-B Martin Ratio Rank: 20

The rank (0–100) shows how this investment's returns compare to the risk taken. Higher = better. Based on the past 12 months of data, combining Sharpe, Sortino, and other metrics used by quantitative funds and institutional investors.

FFFEX vs. BRK-B - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Fidelity Freedom 2030 Fund (FFFEX) and Berkshire Hathaway Inc. (BRK-B). Risk-adjusted metrics are performance indicators that assess an investment's returns in relation to its risk, enabling a more accurate comparison of different investment options.

	FFFEX	BRK-B	Difference
Sharpe ratio: Return per unit of total volatility	2.47	-0.32	+2.78
Sortino ratio: Return per unit of downside risk	3.50	-0.34	+3.84
Omega ratio: Gain probability vs. loss probability	1.48	0.96	+0.52
Calmar ratio: Return relative to maximum drawdown	3.12	-0.48	+3.60
Martin ratio: Return relative to average drawdown	13.59	-1.02	+14.61
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

FFFEX vs. BRK-B - Sharpe Ratio Comparison

The current FFFEX Sharpe Ratio is 2.47, which is higher than the BRK-B Sharpe Ratio of -0.32. The chart below compares the historical Sharpe Ratios of FFFEX and BRK-B, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Sharpe Ratios by Period

	FFFEX	BRK-B	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	2.47	-0.32	+2.78
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	0.62	0.60	+0.02
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	0.83	0.67	+0.17
Sharpe Ratio (All Time) Calculated using the full available price history	0.52	0.48	+0.04

Drawdowns

FFFEX vs. BRK-B - Drawdown Comparison

The maximum FFFEX drawdown since its inception was -51.83%, roughly equal to the maximum BRK-B drawdown of -53.86%. Use the drawdown chart below to compare losses from any high point for FFFEX and BRK-B.

Drawdown Indicators

	FFFEX	BRK-B	Difference
Max Drawdown Largest peak-to-trough decline	-51.83%	-53.86%	+2.03%
Max Drawdown (1Y) Largest decline over 1 year	-6.90%	-9.42%	+2.52%
Max Drawdown (3Y) Largest decline over 3 years	-9.97%	-14.95%	+4.98%
Max Drawdown (5Y) Largest decline over 5 years	-24.32%	-26.58%	+2.26%
Max Drawdown (10Y) Largest decline over 10 years	-24.64%	-29.57%	+4.93%
Current Drawdown Current decline from peak	0.00%	-11.94%	+11.94%
Average Drawdown Average peak-to-trough decline	-9.02%	-11.07%	+2.05%
Ulcer Index Depth and duration of drawdowns from previous peaks	1.58%	4.57%	-2.99%

Volatility

FFFEX vs. BRK-B - Volatility Comparison

The current volatility for Fidelity Freedom 2030 Fund (FFFEX) is 3.15%, while Berkshire Hathaway Inc. (BRK-B) has a volatility of 3.75%. This indicates that FFFEX experiences smaller price fluctuations and is considered to be less risky than BRK-B based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	FFFEX	BRK-B	Difference
Volatility (1M) Calculated over the trailing 1-month period	3.15%	3.75%	-0.60%
Volatility (6M) Calculated over the trailing 6-month period	7.25%	10.68%	-3.43%
Volatility (1Y) Calculated over the trailing 1-year period	8.72%	14.33%	-5.61%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	10.76%	17.11%	-6.35%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	11.41%	19.43%	-8.02%

Dividends

FFFEX vs. BRK-B - Dividend Comparison

FFFEX's dividend yield for the trailing twelve months is around 6.04%, while BRK-B has not paid dividends to shareholders.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
BRK-B Berkshire Hathaway Inc.	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
FFFEX Fidelity Freedom 2030 Fund	6.04%	5.44%	2.94%	1.87%	10.06%	10.92%	6.24%	6.79%	7.32%	4.60%	3.86%	4.52%

Frequently Asked Questions

Can I hold both FFFEX and BRK-B in my portfolio?

FFFEX and BRK-B have a correlation of 0.09, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, FFFEX or BRK-B?

BRK-B has higher volatility (3.75%) compared to FFFEX (3.15%). In terms of maximum drawdown, FFFEX dropped -51.83% vs BRK-B's -53.86%.

Which has better risk-adjusted returns?

FFFEX currently has the higher Sharpe Ratio (2.47 vs -0.32), meaning it's delivered slightly more return per unit of risk over the trailing 12 months. However, this ranking shifts over time - use the Risk/Return Score above for a more comprehensive view that combines Sharpe, Sortino, and other measures used by quantitative funds.