FLCNX vs. BRK-B

Last updated Aug 5, 2026

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 13.78%/yr vs 13.04%/yr for BRK-B. Their 0.48 correlation means their historical movements had little consistent relationship.

Performance

FLCNX vs. BRK-B - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Fidelity Contrafund K6 (FLCNX) 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, FLCNX achieves a 8.82% return, which is significantly higher than BRK-B's 2.90% return.

FLCNX

• 1D: 2.01%
• 1M: 0.03%
• 6M: 7.10%
• YTD: 8.82%
• 1Y: 14.88%
• 3Y*: 25.02%
• 5Y*: 13.78%
• 10Y*: —
• ALL TIME*: 17.11%

BRK-B

• 1D: 0.80%
• 1M: 1.86%
• 6M: 4.76%
• YTD: 2.90%
• 1Y: 12.66%
• 3Y*: 13.90%
• 5Y*: 13.04%
• 10Y*: 13.51%
• ALL TIME*: 10.75%

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

Liquidity Comparison

Position	Avg. Volume Value (2W)	Avg. Volume Value (1M)	Avg. Volume Value (3M)
BRK-B Berkshire Hathaway Inc.	$2.12B	$2.06B	$2.40B
FLCNX Fidelity Contrafund K6	$0.00	$0.00	$0.00

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.	2.90%	10.89%	27.09%	15.46%	3.31%	28.95%	2.37%	10.93%	3.01%	20.18%

Correlation

The correlation between FLCNX and BRK-B is 0.04, meaning there was essentially no consistent relationship between their historical price movements. Each responded to its own set of market drivers.

	Correlation
Correlation (1Y) Focuses on recent behavior, but can change the most.	0.04
Correlation (3Y) Balances recent behavior with more history.	0.24
Correlation (5Y) Shows whether the relationship held over a longer period.	0.43
Correlation (All Time) Calculated using the full available price history since May 25, 2017	0.48

Over the past year, the correlation between FLCNX and BRK-B has dropped to 0.04 - well below their long-term average of 0.48, suggesting their price drivers have been diverging.

Return for Risk

FLCNX vs. BRK-B — Risk / Return Rank

Compare historical risk-adjusted metric ranks over the past 12 months.

FLCNX

FLCNX Risk / Return Rank: 31
FLCNX Sharpe Ratio Rank: 30
FLCNX Sortino Ratio Rank: 30
FLCNX Omega Ratio Rank: 29
FLCNX Calmar Ratio Rank: 30
FLCNX Martin Ratio Rank: 35

BRK-B

BRK-B Risk / Return Rank: 67
BRK-B Sharpe Ratio Rank: 72
BRK-B Sortino Ratio Rank: 64
BRK-B Omega Ratio Rank: 63
BRK-B Calmar Ratio Rank: 70
BRK-B Martin Ratio Rank: 69

The rank (0–100) uses a weighted average of the Sharpe, Sortino, Omega, Calmar, and Martin percentile ranks for the trailing 12 months. Higher means stronger historical risk-adjusted performance within the peer group.

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.

Values are calculated on a 1-year rolling basis and updated daily. Risk-adjusted metrics are more stable over longer periods — use the period switch above to explore them.

	FLCNX	BRK-B	Difference
Sharpe ratio: Return per unit of total volatility	1.09	0.88	+0.22
Sortino ratio: Return per unit of downside risk	1.58	1.31	+0.26
Omega ratio: Gain probability vs. loss probability	1.20	1.16	+0.03
Calmar ratio: Return relative to maximum drawdown	1.45	1.35	+0.10
Martin ratio: Return relative to average drawdown	5.64	2.83	+2.80

FLCNX vs. BRK-B - Sharpe Ratio Comparison

The current FLCNX Sharpe Ratio is 1.09, which is comparable to the BRK-B Sharpe Ratio of 0.88. The chart below compares the historical Sharpe Ratios of FLCNX 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.

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.

Drawdown Indicators

	FLCNX	BRK-B	Difference
Max Drawdown Largest 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 Drawdown Current decline from peak	-1.28%	-4.18%	+2.90%
Average Drawdown Average peak-to-trough decline	-6.57%	-11.06%	+4.49%
Ulcer Index Depth and duration of drawdowns from previous peaks	3.00%	4.48%	-1.48%

Volatility

FLCNX vs. BRK-B - Volatility Comparison

Fidelity Contrafund K6 (FLCNX) and Berkshire Hathaway Inc. (BRK-B) have volatilities of 4.55% and 4.38%, respectively, indicating that both stocks experience similar levels of price fluctuations. This suggests that the risk associated with both stocks, as measured by volatility, is nearly the same. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	FLCNX	BRK-B	Difference
Volatility (1M) Calculated over the trailing 1-month period	4.55%	4.38%	+0.17%
Volatility (6M) Calculated over the trailing 6-month period	12.38%	11.05%	+1.33%
Volatility (1Y) Calculated over the trailing 1-year period	15.56%	14.78%	+0.78%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	19.30%	17.11%	+2.19%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	20.38%	19.42%	+0.96%

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

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

FLCNX and BRK-B have a correlation of 0.04, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, FLCNX or BRK-B?

FLCNX has higher volatility (4.55%) compared to BRK-B (4.38%). In terms of maximum drawdown, FLCNX dropped -32.07% vs BRK-B's -53.86%.

Which has better risk-adjusted returns?

FLCNX currently has the higher Sharpe Ratio (1.09 vs 0.88), 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.