BRK-B vs. KLIP
BRK-B (Berkshire Hathaway Inc.) is a stock, while KLIP (KraneShares China Internet and Covered Call Strategy ETF) is Options Trading fund managed by CICC. Over the past 3 years, BRK-B returned 14.14%/yr vs 4.43%/yr for KLIP. At a 0.17 correlation, their price movements are largely independent.
Performance
BRK-B vs. KLIP - Performance Comparison
Loading charts...
Returns By Period
In the year-to-date period, BRK-B achieves a -0.79% return, which is significantly higher than KLIP's -15.37% return.
BRK-B
- 1D
- 2.22%
- 1M
- 3.90%
- YTD
- -0.79%
- 6M
- 0.07%
- 1Y
- 2.81%
- 3Y*
- 14.14%
- 5Y*
- 12.37%
- 10Y*
- 13.52%
KLIP
- 1D
- 1.59%
- 1M
- -7.73%
- YTD
- -15.37%
- 6M
- -17.65%
- 1Y
- -9.98%
- 3Y*
- 4.43%
- 5Y*
- —
- 10Y*
- —
BRK-B vs. KLIP - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | |
|---|---|---|---|---|
BRK-B Berkshire Hathaway Inc. | -0.79% | 10.89% | 27.09% | 11.33% |
KLIP KraneShares China Internet and Covered Call Strategy ETF | -15.37% | 16.92% | 3.37% | 11.11% |
Correlation
The correlation between BRK-B and KLIP is -0.07, 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 | -0.07 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.14 |
Correlation (All Time) Calculated using the full available price history since Jan 12, 2023 | 0.17 |
The correlation between BRK-B and KLIP shifts across timeframes, from -0.07 (1 year) to 0.17 (all time), reflecting how their relationship changes across market environments.
Compare stocks, funds, or ETFs
Search for stocks, ETFs, and funds for a quick comparison or use the comparison tool for more options.
Return for Risk
BRK-B vs. KLIP — Risk / Return Rank
BRK-B
KLIP
BRK-B vs. KLIP - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Berkshire Hathaway Inc. (BRK-B) and KraneShares China Internet and Covered Call Strategy ETF (KLIP). 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.
| BRK-B | KLIP | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.81 | ||
| Sortino ratioReturn per unit of downside risk | +1.12 | ||
| Omega ratioGain probability vs. loss probability | 1.05 | 0.90 | +0.14 |
| Calmar ratioReturn relative to maximum drawdown | 0.30 | -0.47 | +0.77 |
| Martin ratioReturn relative to average drawdown | 0.62 | -1.26 | +1.89 |
Loading charts...
Drawdowns
BRK-B vs. KLIP - Drawdown Comparison
The maximum BRK-B drawdown since its inception was -53.86%, which is greater than KLIP's maximum drawdown of -21.48%. Use the drawdown chart below to compare losses from any high point for BRK-B and KLIP.
Loading charts...
Drawdown Indicators
| BRK-B | KLIP | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -53.86% | -21.48% | -32.38% |
Max Drawdown (1Y)Largest decline over 1 year | -9.42% | -21.48% | +12.06% |
Max Drawdown (3Y)Largest decline over 3 years | -14.95% | -21.48% | +6.53% |
Max Drawdown (5Y)Largest decline over 5 years | -26.58% | — | — |
Max Drawdown (10Y)Largest decline over 10 years | -29.57% | — | — |
Current DrawdownCurrent decline from peak | -7.62% | -20.23% | +12.61% |
Average DrawdownAverage peak-to-trough decline | -11.07% | -4.02% | -7.05% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 4.51% | 7.91% | -3.40% |
Volatility
BRK-B vs. KLIP - Volatility Comparison
The current volatility for Berkshire Hathaway Inc. (BRK-B) is 4.27%, while KraneShares China Internet and Covered Call Strategy ETF (KLIP) has a volatility of 5.98%. This indicates that BRK-B experiences smaller price fluctuations and is considered to be less risky than KLIP based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
Loading charts...
Volatility by Period
| BRK-B | KLIP | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 4.27% | 5.98% | -1.71% |
Volatility (6M)Calculated over the trailing 6-month period | 10.76% | 13.33% | -2.57% |
Volatility (1Y)Calculated over the trailing 1-year period | 14.50% | 16.35% | -1.85% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 17.12% | 18.15% | -1.03% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 19.40% | 18.15% | +1.25% |
Dividends
BRK-B vs. KLIP - Dividend Comparison
BRK-B has not paid dividends to shareholders, while KLIP's dividend yield for the trailing twelve months is around 30.64%.
| Position | TTM | 2025 | 2024 | 2023 |
|---|---|---|---|---|
BRK-B Berkshire Hathaway Inc. | 0.00% | 0.00% | 0.00% | 0.00% |
KLIP KraneShares China Internet and Covered Call Strategy ETF | 30.64% | 25.14% | 54.26% | 61.22% |
Frequently Asked Questions
BRK-B and KLIP have a correlation of -0.07, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
KLIP has higher volatility (5.98%) compared to BRK-B (4.27%). In terms of maximum drawdown, BRK-B dropped -53.86% vs KLIP's -21.48%.
BRK-B currently has the higher Sharpe Ratio (0.19 vs -0.61), 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.
Find the right allocation for BRK-B and KLIP
Add both to a portfolio and optimize allocations for your target — whether that's maximizing returns, minimizing drawdowns, or balancing risk across holdings.
Open Portfolio Optimizer