FLV vs. BRK-B

Last updated Jun 4, 2026

FLV (American Century Focused Large Cap Value ETF) is Large Cap Value Equities fund actively managed by American Century, while BRK-B (Berkshire Hathaway Inc.) is a stock. Over the past 5 years, FLV returned 8.47%/yr vs 10.20%/yr for BRK-B. A 0.74 correlation means they provide meaningful diversification when combined.

Performance

FLV vs. BRK-B - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in American Century Focused Large Cap Value ETF (FLV) 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, FLV achieves a 5.79% return, which is significantly higher than BRK-B's -5.43% return.

FLV

• 1D: -0.26%
• 1M: 1.00%
• YTD: 5.79%
• 6M: 6.27%
• 1Y: 18.84%
• 3Y*: 13.48%
• 5Y*: 8.47%
• 10Y*: —

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)

FLV vs. BRK-B - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020
FLV American Century Focused Large Cap Value ETF	5.79%	15.80%	11.51%	6.23%	0.94%	17.30%	39.27%
BRK-B Berkshire Hathaway Inc.	-5.43%	10.89%	27.09%	15.46%	3.31%	28.95%	29.01%

Correlation

The correlation between FLV and BRK-B is 0.46, which is low. Their price movements are largely independent, making them effective diversification partners.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.46
Correlation (3Y) Calculated over the trailing 3-year period	0.60
Correlation (5Y) Calculated over the trailing 5-year period	0.72
Correlation (All Time) Calculated using the full available price history since Apr 3, 2020	0.74

Over the past year, the correlation between FLV and BRK-B has dropped to 0.46 - well below their long-term average of 0.74, suggesting their price drivers have been diverging.

Return for Risk

FLV vs. BRK-B — Risk / Return Rank

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

FLV

FLV Risk / Return Rank: 53
FLV Sharpe Ratio Rank: 55
FLV Sortino Ratio Rank: 59
FLV Omega Ratio Rank: 53
FLV Calmar Ratio Rank: 51
FLV Martin Ratio Rank: 47

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.

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

This table presents a comparison of risk-adjusted performance metrics for American Century Focused Large Cap Value ETF (FLV) 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.

	FLV	BRK-B	Difference
Sharpe ratio Return per unit of total volatility	1.89	-0.32	+2.20
Sortino ratio Return per unit of downside risk	2.81	-0.34	+3.15
Omega ratio Gain probability vs. loss probability	1.33	0.96	+0.37
Calmar ratio Return relative to maximum drawdown	2.51	-0.48	+2.99
Martin ratio Return relative to average drawdown	7.88	-1.02	+8.89
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

FLV vs. BRK-B - Sharpe Ratio Comparison

The current FLV Sharpe Ratio is 1.89, which is higher than the BRK-B Sharpe Ratio of -0.32. The chart below compares the historical Sharpe Ratios of FLV 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

	FLV	BRK-B	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	1.89	-0.32	+2.20
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	0.67	0.60	+0.07
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	—	0.67	—
Sharpe Ratio (All Time) Calculated using the full available price history	1.07	0.48	+0.59

Drawdowns

FLV vs. BRK-B - Drawdown Comparison

The maximum FLV drawdown since its inception was -15.06%, smaller than the maximum BRK-B drawdown of -53.86%. Use the drawdown chart below to compare losses from any high point for FLV and BRK-B.

Drawdown Indicators

	FLV	BRK-B	Difference
Max Drawdown Largest peak-to-trough decline	-15.06%	-53.86%	+38.80%
Max Drawdown (1Y) Largest decline over 1 year	-7.53%	-9.42%	+1.89%
Max Drawdown (3Y) Largest decline over 3 years	-12.42%	-14.95%	+2.53%
Max Drawdown (5Y) Largest decline over 5 years	-15.06%	-26.58%	+11.52%
Max Drawdown (10Y) Largest decline over 10 years	—	-29.57%	—
Current Drawdown Current decline from peak	-2.32%	-11.94%	+9.62%
Average Drawdown Average peak-to-trough decline	-2.73%	-11.07%	+8.34%
Ulcer Index Depth and duration of drawdowns from previous peaks	2.40%	4.57%	-2.17%

Volatility

FLV vs. BRK-B - Volatility Comparison

The current volatility for American Century Focused Large Cap Value ETF (FLV) is 2.45%, while Berkshire Hathaway Inc. (BRK-B) has a volatility of 3.75%. This indicates that FLV 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

	FLV	BRK-B	Difference
Volatility (1M) Calculated over the trailing 1-month period	2.45%	3.75%	-1.30%
Volatility (6M) Calculated over the trailing 6-month period	7.25%	10.68%	-3.43%
Volatility (1Y) Calculated over the trailing 1-year period	10.03%	14.33%	-4.30%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	12.70%	17.11%	-4.41%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	14.25%	19.43%	-5.18%

Dividends

FLV vs. BRK-B - Dividend Comparison

FLV's dividend yield for the trailing twelve months is around 1.67%, while BRK-B has not paid dividends to shareholders.

Position	TTM	2025	2024	2023	2022	2021	2020
BRK-B Berkshire Hathaway Inc.	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
FLV American Century Focused Large Cap Value ETF	1.67%	1.90%	2.07%	2.07%	4.98%	4.05%	0.87%

Frequently Asked Questions

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

FLV and BRK-B have a correlation of 0.46, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, FLV or BRK-B?

BRK-B has higher volatility (3.75%) compared to FLV (2.45%). In terms of maximum drawdown, FLV dropped -15.06% vs BRK-B's -53.86%.

Which has better risk-adjusted returns?

FLV currently has the higher Sharpe Ratio (1.89 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.