FLPSX vs. BRK-B

Last updated Jun 9, 2026

FLPSX (Fidelity Low-Priced Stock Fund) is Mid Cap Value Equities fund managed by Fidelity, while BRK-B (Berkshire Hathaway Inc.) is a stock. Over the past 10 years, FLPSX returned 10.67%/yr vs 13.14%/yr for BRK-B. At a 0.50 correlation, their price movements are largely independent.

Performance

FLPSX vs. BRK-B - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Fidelity Low-Priced Stock Fund (FLPSX) 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, FLPSX achieves a 8.78% return, which is significantly higher than BRK-B's -3.11% return. Over the past 10 years, FLPSX has underperformed BRK-B with an annualized return of 10.67%, while BRK-B has yielded a comparatively higher 13.14% annualized return.

FLPSX

• 1D: -1.30%
• 1M: -0.09%
• YTD: 8.78%
• 6M: 10.09%
• 1Y: 19.88%
• 3Y*: 14.66%
• 5Y*: 8.02%
• 10Y*: 10.67%

BRK-B

• 1D: -0.23%
• 1M: 2.32%
• YTD: -3.11%
• 6M: -2.06%
• 1Y: -1.32%
• 3Y*: 13.25%
• 5Y*: 11.03%
• 10Y*: 13.14%

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

FLPSX vs. BRK-B - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
FLPSX Fidelity Low-Priced Stock Fund	8.78%	14.69%	7.23%	14.41%	-5.69%	24.46%	9.34%	25.75%	-10.80%	18.88%
BRK-B Berkshire Hathaway Inc.	-3.11%	10.89%	27.09%	15.46%	3.31%	28.95%	2.37%	10.93%	3.01%	21.62%

Correlation

The correlation between FLPSX and BRK-B is 0.29, which is low. Their price movements are largely independent, making them effective diversification partners.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.29
Correlation (3Y) Calculated over the trailing 3-year period	0.45
Correlation (5Y) Calculated over the trailing 5-year period	0.59
Correlation (10Y) Calculated over the trailing 10-year period	0.63
Correlation (All Time) Calculated using the full available price history since May 9, 1996	0.50

Over the past year, the correlation between FLPSX and BRK-B has dropped to 0.29 - well below their long-term average of 0.50, suggesting their price drivers have been diverging.

Return for Risk

FLPSX vs. BRK-B — Risk / Return Rank

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

FLPSX

FLPSX Risk / Return Rank: 37
FLPSX Sharpe Ratio Rank: 36
FLPSX Sortino Ratio Rank: 37
FLPSX Omega Ratio Rank: 34
FLPSX Calmar Ratio Rank: 42
FLPSX Martin Ratio Rank: 38

BRK-B

BRK-B Risk / Return Rank: 35
BRK-B Sharpe Ratio Rank: 38
BRK-B Sortino Ratio Rank: 30
BRK-B Omega Ratio Rank: 30
BRK-B Calmar Ratio Rank: 38
BRK-B Martin Ratio Rank: 37

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.

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

This table presents a comparison of risk-adjusted performance metrics for Fidelity Low-Priced Stock Fund (FLPSX) 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.

	FLPSX	BRK-B	Difference
Sharpe ratio: Return per unit of total volatility	1.66	-0.09	+1.76
Sortino ratio: Return per unit of downside risk	2.44	-0.03	+2.47
Omega ratio: Gain probability vs. loss probability	1.30	1.00	+0.30
Calmar ratio: Return relative to maximum drawdown	2.37	-0.14	+2.51
Martin ratio: Return relative to average drawdown	8.05	-0.30	+8.35
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

FLPSX vs. BRK-B - Sharpe Ratio Comparison

The current FLPSX Sharpe Ratio is 1.66, which is higher than the BRK-B Sharpe Ratio of -0.09. The chart below compares the historical Sharpe Ratios of FLPSX 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

	FLPSX	BRK-B	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	1.66	-0.09	+1.76
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	0.47	0.65	-0.18
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	0.62	0.68	-0.06
Sharpe Ratio (All Time) Calculated using the full available price history	0.85	0.48	+0.36

Drawdowns

FLPSX vs. BRK-B - Drawdown Comparison

The maximum FLPSX drawdown since its inception was -54.81%, roughly equal to the maximum BRK-B drawdown of -53.86%. Use the drawdown chart below to compare losses from any high point for FLPSX and BRK-B.

Drawdown Indicators

	FLPSX	BRK-B	Difference
Max Drawdown Largest peak-to-trough decline	-54.81%	-53.86%	-0.95%
Max Drawdown (1Y) Largest decline over 1 year	-8.87%	-9.42%	+0.55%
Max Drawdown (3Y) Largest decline over 3 years	-17.66%	-14.95%	-2.71%
Max Drawdown (5Y) Largest decline over 5 years	-18.76%	-26.58%	+7.82%
Max Drawdown (10Y) Largest decline over 10 years	-38.16%	-29.57%	-8.59%
Current Drawdown Current decline from peak	-1.30%	-9.78%	+8.48%
Average Drawdown Average peak-to-trough decline	-5.66%	-11.07%	+5.41%
Ulcer Index Depth and duration of drawdowns from previous peaks	2.61%	4.49%	-1.88%

Volatility

FLPSX vs. BRK-B - Volatility Comparison

The current volatility for Fidelity Low-Priced Stock Fund (FLPSX) is 3.28%, while Berkshire Hathaway Inc. (BRK-B) has a volatility of 3.98%. This indicates that FLPSX 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

	FLPSX	BRK-B	Difference
Volatility (1M) Calculated over the trailing 1-month period	3.28%	3.98%	-0.70%
Volatility (6M) Calculated over the trailing 6-month period	8.96%	10.87%	-1.91%
Volatility (1Y) Calculated over the trailing 1-year period	12.63%	14.38%	-1.75%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	17.20%	17.13%	+0.07%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	17.36%	19.44%	-2.08%

Dividends

FLPSX vs. BRK-B - Dividend Comparison

FLPSX's dividend yield for the trailing twelve months is around 12.21%, 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%
FLPSX Fidelity Low-Priced Stock Fund	12.21%	13.28%	16.24%	18.29%	9.45%	12.11%	11.14%	8.14%	13.45%	7.45%	4.85%	4.04%

Frequently Asked Questions

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

FLPSX and BRK-B have a correlation of 0.29, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, FLPSX or BRK-B?

BRK-B has higher volatility (3.98%) compared to FLPSX (3.28%). In terms of maximum drawdown, FLPSX dropped -54.81% vs BRK-B's -53.86%.

Which has better risk-adjusted returns?

FLPSX currently has the higher Sharpe Ratio (1.66 vs -0.09), 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.