FOCPX vs. BRK-B

Last updated Jun 9, 2026

FOCPX (Fidelity OTC Portfolio) is Large Cap Growth Equities fund actively managed by Fidelity, while BRK-B (Berkshire Hathaway Inc.) is a stock. Over the past 10 years, FOCPX returned 22.02%/yr vs 13.14%/yr for BRK-B. At a 0.38 correlation, their price movements are largely independent.

Performance

FOCPX vs. BRK-B - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Fidelity OTC Portfolio (FOCPX) 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, FOCPX achieves a 21.95% return, which is significantly higher than BRK-B's -3.11% return. Over the past 10 years, FOCPX has outperformed BRK-B with an annualized return of 22.02%, while BRK-B has yielded a comparatively lower 13.14% annualized return.

FOCPX

• 1D: -5.07%
• 1M: 0.14%
• YTD: 21.95%
• 6M: 20.43%
• 1Y: 51.59%
• 3Y*: 32.83%
• 5Y*: 18.08%
• 10Y*: 22.02%

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)

FOCPX vs. BRK-B - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
FOCPX Fidelity OTC Portfolio	21.95%	22.21%	38.95%	42.64%	-32.08%	24.94%	46.75%	39.20%	-3.30%	38.61%
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 FOCPX and BRK-B is -0.11, meaning they tend to move in opposite directions. This is especially valuable for risk management - when one declines, the other has historically tended to hold steady or rise.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	-0.11
Correlation (3Y) Calculated over the trailing 3-year period	0.11
Correlation (5Y) Calculated over the trailing 5-year period	0.31
Correlation (10Y) Calculated over the trailing 10-year period	0.40
Correlation (All Time) Calculated using the full available price history since May 9, 1996	0.38

The correlation between FOCPX and BRK-B shifts across timeframes, from -0.11 (1 year) to 0.40 (10 years), reflecting how their relationship changes across market environments.

Return for Risk

FOCPX vs. BRK-B — Risk / Return Rank

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

FOCPX

FOCPX Risk / Return Rank: 86
FOCPX Sharpe Ratio Rank: 90
FOCPX Sortino Ratio Rank: 77
FOCPX Omega Ratio Rank: 78
FOCPX Calmar Ratio Rank: 92
FOCPX Martin Ratio Rank: 95

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.

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

This table presents a comparison of risk-adjusted performance metrics for Fidelity OTC Portfolio (FOCPX) 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.

	FOCPX	BRK-B	Difference
Sharpe ratio: Return per unit of total volatility	2.92	-0.09	+3.01
Sortino ratio: Return per unit of downside risk	3.58	-0.03	+3.61
Omega ratio: Gain probability vs. loss probability	1.50	1.00	+0.50
Calmar ratio: Return relative to maximum drawdown	4.77	-0.14	+4.91
Martin ratio: Return relative to average drawdown	20.93	-0.30	+21.22
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

FOCPX vs. BRK-B - Sharpe Ratio Comparison

The current FOCPX Sharpe Ratio is 2.92, which is higher than the BRK-B Sharpe Ratio of -0.09. The chart below compares the historical Sharpe Ratios of FOCPX 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

	FOCPX	BRK-B	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	2.92	-0.09	+3.01
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	0.80	0.65	+0.15
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	0.98	0.68	+0.30
Sharpe Ratio (All Time) Calculated using the full available price history	0.65	0.48	+0.17

Drawdowns

FOCPX vs. BRK-B - Drawdown Comparison

The maximum FOCPX drawdown since its inception was -70.25%, which is greater than BRK-B's maximum drawdown of -53.86%. Use the drawdown chart below to compare losses from any high point for FOCPX and BRK-B.

Drawdown Indicators

	FOCPX	BRK-B	Difference
Max Drawdown Largest peak-to-trough decline	-70.25%	-53.86%	-16.39%
Max Drawdown (1Y) Largest decline over 1 year	-11.29%	-9.42%	-1.87%
Max Drawdown (3Y) Largest decline over 3 years	-24.82%	-14.95%	-9.87%
Max Drawdown (5Y) Largest decline over 5 years	-37.05%	-26.58%	-10.47%
Max Drawdown (10Y) Largest decline over 10 years	-37.05%	-29.57%	-7.48%
Current Drawdown Current decline from peak	-5.07%	-9.78%	+4.71%
Average Drawdown Average peak-to-trough decline	-17.00%	-11.07%	-5.93%
Ulcer Index Depth and duration of drawdowns from previous peaks	2.57%	4.49%	-1.92%

Volatility

FOCPX vs. BRK-B - Volatility Comparison

Fidelity OTC Portfolio (FOCPX) has a higher volatility of 7.39% compared to Berkshire Hathaway Inc. (BRK-B) at 3.98%. This indicates that FOCPX's price experiences larger fluctuations and is considered to be riskier than BRK-B based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	FOCPX	BRK-B	Difference
Volatility (1M) Calculated over the trailing 1-month period	7.39%	3.98%	+3.41%
Volatility (6M) Calculated over the trailing 6-month period	14.89%	10.87%	+4.02%
Volatility (1Y) Calculated over the trailing 1-year period	18.47%	14.38%	+4.09%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	22.75%	17.13%	+5.62%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	22.49%	19.44%	+3.05%

Dividends

FOCPX vs. BRK-B - Dividend Comparison

FOCPX's dividend yield for the trailing twelve months is around 6.38%, 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%
FOCPX Fidelity OTC Portfolio	6.38%	7.78%	16.76%	0.05%	4.06%	11.53%	6.23%	7.58%	7.93%	4.86%	3.24%	5.41%

Frequently Asked Questions

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

FOCPX and BRK-B have a correlation of -0.11, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, FOCPX or BRK-B?

FOCPX has higher volatility (7.39%) compared to BRK-B (3.98%). In terms of maximum drawdown, FOCPX dropped -70.25% vs BRK-B's -53.86%.

Which has better risk-adjusted returns?

FOCPX currently has the higher Sharpe Ratio (2.92 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.