FLCNX vs. BRK-B
FLCNX (Fidelity Contrafund K6) is Large Cap Growth Equities fund actively managed by Fidelity, while BRK-B (Berkshire Hathaway Inc.) is a stock. Over the past 5 years, FLCNX returned 15.29%/yr vs 10.78%/yr for BRK-B. At a 0.49 correlation, their price movements are largely independent.
Performance
FLCNX vs. BRK-B - Performance Comparison
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Returns By Period
In the year-to-date period, FLCNX achieves a 8.82% return, which is significantly higher than BRK-B's -2.89% return.
FLCNX
- 1D
- 0.65%
- 1M
- 2.92%
- YTD
- 8.82%
- 6M
- 9.76%
- 1Y
- 24.33%
- 3Y*
- 27.44%
- 5Y*
- 15.29%
- 10Y*
- —
BRK-B
- 1D
- 1.98%
- 1M
- 3.90%
- YTD
- -2.89%
- 6M
- -3.21%
- 1Y
- -0.12%
- 3Y*
- 13.55%
- 5Y*
- 10.78%
- 10Y*
- 13.19%
FLCNX vs. BRK-B - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
FLCNX Fidelity Contrafund K6 | 8.82% | 22.05% | 35.37% | 37.67% | -27.13% | 24.21% | 30.85% | 30.91% | -2.16% | 13.77% |
BRK-B Berkshire Hathaway Inc. | -2.89% | 10.89% | 27.09% | 15.46% | 3.31% | 28.95% | 2.37% | 10.93% | 3.01% | 19.92% |
Correlation
The correlation between FLCNX and BRK-B is 0.07, 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 | 0.07 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.25 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.43 |
Correlation (All Time) Calculated using the full available price history since May 26, 2017 | 0.49 |
Over the past year, the correlation between FLCNX and BRK-B has dropped to 0.07 - well below their long-term average of 0.49, suggesting their price drivers have been diverging.
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Return for Risk
FLCNX vs. BRK-B — Risk / Return Rank
FLCNX
BRK-B
FLCNX vs. BRK-B - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Fidelity Contrafund K6 (FLCNX) 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.
| FLCNX | BRK-B | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +1.70 | ||
| Sortino ratioReturn per unit of downside risk | +2.26 | ||
| Omega ratioGain probability vs. loss probability | 1.30 | 1.01 | +0.29 |
| Calmar ratioReturn relative to maximum drawdown | 2.06 | -0.01 | +2.08 |
| Martin ratioReturn relative to average drawdown | 8.54 | -0.03 | +8.57 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
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Sharpe Ratios by Period
| FLCNX | BRK-B | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 1.69 | -0.01 | +1.70 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.81 | 0.63 | +0.17 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | — | 0.68 | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.86 | 0.48 | +0.38 |
Drawdowns
FLCNX vs. BRK-B - Drawdown Comparison
The maximum FLCNX drawdown since its inception was -32.07%, smaller than the maximum BRK-B drawdown of -53.86%. Use the drawdown chart below to compare losses from any high point for FLCNX and BRK-B.
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Drawdown Indicators
| FLCNX | BRK-B | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -32.07% | -53.86% | +21.79% |
Max Drawdown (1Y)Largest decline over 1 year | -11.73% | -9.42% | -2.31% |
Max Drawdown (3Y)Largest decline over 3 years | -20.14% | -14.95% | -5.19% |
Max Drawdown (5Y)Largest decline over 5 years | -32.07% | -26.58% | -5.49% |
Max Drawdown (10Y)Largest decline over 10 years | — | -29.57% | — |
Current DrawdownCurrent decline from peak | 0.00% | -9.57% | +9.57% |
Average DrawdownAverage peak-to-trough decline | -6.65% | -11.07% | +4.42% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.82% | 4.47% | -1.65% |
Volatility
FLCNX vs. BRK-B - Volatility Comparison
The current volatility for Fidelity Contrafund K6 (FLCNX) is 3.36%, while Berkshire Hathaway Inc. (BRK-B) has a volatility of 4.08%. This indicates that FLCNX 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.
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Volatility by Period
| FLCNX | BRK-B | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 3.36% | 4.08% | -0.72% |
Volatility (6M)Calculated over the trailing 6-month period | 10.68% | 10.87% | -0.19% |
Volatility (1Y)Calculated over the trailing 1-year period | 14.32% | 14.39% | -0.07% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 19.07% | 17.13% | +1.94% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 20.40% | 19.43% | +0.97% |
Dividends
FLCNX vs. BRK-B - Dividend Comparison
FLCNX's dividend yield for the trailing twelve months is around 10.55%, while BRK-B has not paid dividends to shareholders.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 |
|---|---|---|---|---|---|---|---|---|---|---|
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% |
FLCNX Fidelity Contrafund K6 | 10.55% | 8.35% | 0.36% | 0.49% | 1.18% | 0.46% | 0.21% | 0.30% | 0.33% | 0.15% |
Frequently Asked Questions
FLCNX and BRK-B have a correlation of 0.07, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
BRK-B has higher volatility (4.08%) compared to FLCNX (3.36%). In terms of maximum drawdown, FLCNX dropped -32.07% vs BRK-B's -53.86%.
FLCNX currently has the higher Sharpe Ratio (1.69 vs -0.01), 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.
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