FSCSX vs. BRK-B
FSCSX (Fidelity Select Software & IT Services Portfolio) is Technology Equities fund actively managed by Fidelity, while BRK-B (Berkshire Hathaway Inc.) is a stock. Over the past 10 years, FSCSX returned 16.09%/yr vs 13.22%/yr for BRK-B. At a 0.38 correlation, their price movements are largely independent.
Performance
FSCSX vs. BRK-B - Performance Comparison
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Returns By Period
In the year-to-date period, FSCSX achieves a -13.54% return, which is significantly lower than BRK-B's -2.67% return. Over the past 10 years, FSCSX has outperformed BRK-B with an annualized return of 16.09%, while BRK-B has yielded a comparatively lower 13.22% annualized return.
FSCSX
- 1D
- -0.35%
- 1M
- 2.79%
- YTD
- -13.54%
- 6M
- -13.86%
- 1Y
- -10.77%
- 3Y*
- 9.63%
- 5Y*
- 5.10%
- 10Y*
- 16.09%
BRK-B
- 1D
- 0.71%
- 1M
- 1.07%
- YTD
- -2.67%
- 6M
- -2.06%
- 1Y
- 0.35%
- 3Y*
- 13.30%
- 5Y*
- 11.27%
- 10Y*
- 13.22%
FSCSX vs. BRK-B - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
FSCSX Fidelity Select Software & IT Services Portfolio | -13.54% | 6.96% | 19.66% | 51.72% | -29.13% | 18.13% | 45.55% | 38.99% | 4.08% | 38.60% |
BRK-B Berkshire Hathaway Inc. | -2.67% | 10.89% | 27.09% | 15.46% | 3.31% | 28.95% | 2.37% | 10.93% | 3.01% | 21.62% |
Correlation
The correlation between FSCSX and BRK-B is -0.03, 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 | -0.03 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.18 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.33 |
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 FSCSX and BRK-B shifts across timeframes, from -0.03 (1 year) to 0.40 (10 years), reflecting how their relationship changes across market environments.
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Return for Risk
FSCSX vs. BRK-B — Risk / Return Rank
FSCSX
BRK-B
FSCSX vs. BRK-B - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Fidelity Select Software & IT Services Portfolio (FSCSX) 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.
| FSCSX | BRK-B | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.41 | ||
| Sortino ratioReturn per unit of downside risk | -0.50 | ||
| Omega ratioGain probability vs. loss probability | 0.95 | 1.01 | -0.06 |
| Calmar ratioReturn relative to maximum drawdown | -0.35 | -0.02 | -0.33 |
| Martin ratioReturn relative to average drawdown | -0.78 | -0.05 | -0.73 |
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Drawdowns
FSCSX vs. BRK-B - Drawdown Comparison
The maximum FSCSX drawdown since its inception was -64.66%, 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 FSCSX and BRK-B.
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Drawdown Indicators
| FSCSX | BRK-B | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -64.66% | -53.86% | -10.80% |
Max Drawdown (1Y)Largest decline over 1 year | -34.24% | -9.42% | -24.82% |
Max Drawdown (3Y)Largest decline over 3 years | -34.24% | -14.95% | -19.29% |
Max Drawdown (5Y)Largest decline over 5 years | -37.06% | -26.58% | -10.48% |
Max Drawdown (10Y)Largest decline over 10 years | -37.06% | -29.57% | -7.49% |
Current DrawdownCurrent decline from peak | -18.48% | -9.36% | -9.12% |
Average DrawdownAverage peak-to-trough decline | -13.22% | -11.07% | -2.15% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 15.37% | 4.53% | +10.84% |
Volatility
FSCSX vs. BRK-B - Volatility Comparison
Fidelity Select Software & IT Services Portfolio (FSCSX) has a higher volatility of 12.57% compared to Berkshire Hathaway Inc. (BRK-B) at 3.95%. This indicates that FSCSX'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.
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Volatility by Period
| FSCSX | BRK-B | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 12.57% | 3.95% | +8.62% |
Volatility (6M)Calculated over the trailing 6-month period | 25.44% | 10.78% | +14.66% |
Volatility (1Y)Calculated over the trailing 1-year period | 28.43% | 14.38% | +14.05% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 26.51% | 17.12% | +9.39% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 24.63% | 19.44% | +5.19% |
Dividends
FSCSX vs. BRK-B - Dividend Comparison
FSCSX's dividend yield for the trailing twelve months is around 23.23%, 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% |
FSCSX Fidelity Select Software & IT Services Portfolio | 23.23% | 15.40% | 19.17% | 7.72% | 9.06% | 6.54% | 5.10% | 12.70% | 6.20% | 7.15% | 3.98% | 5.22% |
Frequently Asked Questions
FSCSX and BRK-B have a correlation of -0.03, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
FSCSX has higher volatility (12.57%) compared to BRK-B (3.95%). In terms of maximum drawdown, FSCSX dropped -64.66% vs BRK-B's -53.86%.
BRK-B currently has the higher Sharpe Ratio (-0.02 vs -0.42), 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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