FSUTX vs. BRK-B

Last updated Jun 13, 2026

FSUTX (Fidelity Select Utilities Portfolio) is Utilities Equities fund managed by Fidelity, while BRK-B (Berkshire Hathaway Inc.) is a stock. Over the past 10 years, FSUTX returned 11.35%/yr vs 13.22%/yr for BRK-B. At a 0.35 correlation, their price movements are largely independent.

Performance

FSUTX vs. BRK-B - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Fidelity Select Utilities Portfolio (FSUTX) 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, FSUTX achieves a 3.35% return, which is significantly higher than BRK-B's -2.67% return. Over the past 10 years, FSUTX has underperformed BRK-B with an annualized return of 11.35%, while BRK-B has yielded a comparatively higher 13.22% annualized return.

FSUTX

• 1D: 0.51%
• 1M: -2.96%
• YTD: 3.35%
• 6M: 3.29%
• 1Y: 12.47%
• 3Y*: 16.47%
• 5Y*: 12.32%
• 10Y*: 11.35%

BRK-B

• 1D: 0.71%
• 1M: 0.77%
• YTD: -2.67%
• 6M: -2.06%
• 1Y: -0.22%
• 3Y*: 13.30%
• 5Y*: 11.27%
• 10Y*: 13.22%

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

FSUTX vs. BRK-B - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
FSUTX Fidelity Select Utilities Portfolio	3.35%	16.19%	28.76%	-1.12%	5.20%	17.64%	0.75%	22.68%	8.41%	17.94%
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 FSUTX and BRK-B is 0.10, 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	0.10
Correlation (3Y) Calculated over the trailing 3-year period	0.29
Correlation (5Y) Calculated over the trailing 5-year period	0.41
Correlation (10Y) Calculated over the trailing 10-year period	0.37
Correlation (All Time) Calculated using the full available price history since May 9, 1996	0.35

Over the past year, the correlation between FSUTX and BRK-B has dropped to 0.10 - well below their long-term average of 0.35, suggesting their price drivers have been diverging.

Return for Risk

FSUTX vs. BRK-B — Risk / Return Rank

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

FSUTX

FSUTX Risk / Return Rank: 18
FSUTX Sharpe Ratio Rank: 16
FSUTX Sortino Ratio Rank: 15
FSUTX Omega Ratio Rank: 15
FSUTX Calmar Ratio Rank: 27
FSUTX Martin Ratio Rank: 16

BRK-B

BRK-B Risk / Return Rank: 39
BRK-B Sharpe Ratio Rank: 42
BRK-B Sortino Ratio Rank: 34
BRK-B Omega Ratio Rank: 33
BRK-B Calmar Ratio Rank: 42
BRK-B Martin Ratio Rank: 42

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.

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

This table presents a comparison of risk-adjusted performance metrics for Fidelity Select Utilities Portfolio (FSUTX) 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.

	FSUTX	BRK-B	Difference
Sharpe ratio: Return per unit of total volatility	0.86	-0.02	+0.87
Sortino ratio: Return per unit of downside risk	1.24	0.08	+1.17
Omega ratio: Gain probability vs. loss probability	1.15	1.01	+0.15
Calmar ratio: Return relative to maximum drawdown	1.52	-0.02	+1.55
Martin ratio: Return relative to average drawdown	3.41	-0.05	+3.46

FSUTX vs. BRK-B - Sharpe Ratio Comparison

The current FSUTX Sharpe Ratio is 0.86, which is higher than the BRK-B Sharpe Ratio of -0.02. The chart below compares the historical Sharpe Ratios of FSUTX 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

FSUTX vs. BRK-B - Drawdown Comparison

The maximum FSUTX drawdown since its inception was -66.73%, 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 FSUTX and BRK-B.

Drawdown Indicators

	FSUTX	BRK-B	Difference
Max Drawdown Largest peak-to-trough decline	-66.73%	-53.86%	-12.87%
Max Drawdown (1Y) Largest decline over 1 year	-9.21%	-9.42%	+0.21%
Max Drawdown (3Y) Largest decline over 3 years	-15.20%	-14.95%	-0.25%
Max Drawdown (5Y) Largest decline over 5 years	-20.15%	-26.58%	+6.43%
Max Drawdown (10Y) Largest decline over 10 years	-37.61%	-29.57%	-8.04%
Current Drawdown Current decline from peak	-7.63%	-9.36%	+1.73%
Average Drawdown Average peak-to-trough decline	-11.25%	-11.07%	-0.18%
Ulcer Index Depth and duration of drawdowns from previous peaks	4.11%	4.53%	-0.42%

Volatility

FSUTX vs. BRK-B - Volatility Comparison

Fidelity Select Utilities Portfolio (FSUTX) has a higher volatility of 5.96% compared to Berkshire Hathaway Inc. (BRK-B) at 3.95%. This indicates that FSUTX'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

	FSUTX	BRK-B	Difference
Volatility (1M) Calculated over the trailing 1-month period	5.96%	3.95%	+2.01%
Volatility (6M) Calculated over the trailing 6-month period	13.09%	10.78%	+2.31%
Volatility (1Y) Calculated over the trailing 1-year period	16.35%	14.38%	+1.97%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	17.42%	17.12%	+0.30%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	19.40%	19.44%	-0.04%

Dividends

FSUTX vs. BRK-B - Dividend Comparison

FSUTX's dividend yield for the trailing twelve months is around 5.08%, 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%
FSUTX Fidelity Select Utilities Portfolio	5.08%	6.61%	6.50%	3.52%	4.67%	2.68%	4.86%	2.29%	8.37%	5.61%	2.51%	4.47%

Frequently Asked Questions

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

FSUTX and BRK-B have a correlation of 0.10, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, FSUTX or BRK-B?

FSUTX has higher volatility (5.96%) compared to BRK-B (3.95%). In terms of maximum drawdown, FSUTX dropped -66.73% vs BRK-B's -53.86%.

Which has better risk-adjusted returns?

FSUTX currently has the higher Sharpe Ratio (0.86 vs -0.02), 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.