BRK-B vs. KMLM
BRK-B (Berkshire Hathaway Inc.) is a stock, while KMLM (KFA Mount Lucas Index Strategy ETF) is Systematic Trend fund tracking the KFA MLM Index. Over the past 5 years, BRK-B returned 11.27%/yr vs 4.11%/yr for KMLM. At a correlation of -0.04, they often move in opposite directions.
Performance
BRK-B vs. KMLM - Performance Comparison
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Returns By Period
In the year-to-date period, BRK-B achieves a -2.67% return, which is significantly lower than KMLM's 8.32% return.
BRK-B
- 1D
- 0.71%
- 1M
- 1.36%
- YTD
- -2.67%
- 6M
- -2.06%
- 1Y
- 0.35%
- 3Y*
- 13.30%
- 5Y*
- 11.27%
- 10Y*
- 13.22%
KMLM
- 1D
- -0.53%
- 1M
- -5.80%
- YTD
- 8.32%
- 6M
- 9.68%
- 1Y
- 13.24%
- 3Y*
- -1.51%
- 5Y*
- 4.11%
- 10Y*
- —
BRK-B vs. KMLM - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | |
|---|---|---|---|---|---|---|---|
BRK-B Berkshire Hathaway Inc. | -2.67% | 10.89% | 27.09% | 15.46% | 3.31% | 28.95% | 0.95% |
KMLM KFA Mount Lucas Index Strategy ETF | 8.32% | -2.98% | -1.69% | -5.66% | 30.61% | 7.04% | 5.74% |
Correlation
The correlation between BRK-B and KMLM 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 | -0.01 |
Correlation (5Y) Calculated over the trailing 5-year period | -0.05 |
Correlation (All Time) Calculated using the full available price history since Dec 2, 2020 | -0.04 |
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Return for Risk
BRK-B vs. KMLM — Risk / Return Rank
BRK-B
KMLM
BRK-B vs. KMLM - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Berkshire Hathaway Inc. (BRK-B) and KFA Mount Lucas Index Strategy ETF (KMLM). 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 | KMLM | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -1.07 | ||
| Sortino ratioReturn per unit of downside risk | -1.42 | ||
| Omega ratioGain probability vs. loss probability | 1.01 | 1.19 | -0.18 |
| Calmar ratioReturn relative to maximum drawdown | -0.02 | 1.78 | -1.81 |
| Martin ratioReturn relative to average drawdown | -0.05 | 5.86 | -5.91 |
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Drawdowns
BRK-B vs. KMLM - Drawdown Comparison
The maximum BRK-B drawdown since its inception was -53.86%, which is greater than KMLM's maximum drawdown of -27.47%. Use the drawdown chart below to compare losses from any high point for BRK-B and KMLM.
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Drawdown Indicators
| BRK-B | KMLM | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -53.86% | -27.47% | -26.39% |
Max Drawdown (1Y)Largest decline over 1 year | -9.42% | -6.83% | -2.59% |
Max Drawdown (3Y)Largest decline over 3 years | -14.95% | -22.28% | +7.33% |
Max Drawdown (5Y)Largest decline over 5 years | -26.58% | -27.47% | +0.89% |
Max Drawdown (10Y)Largest decline over 10 years | -29.57% | — | — |
Current DrawdownCurrent decline from peak | -9.36% | -15.54% | +6.18% |
Average DrawdownAverage peak-to-trough decline | -11.07% | -12.74% | +1.67% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 4.53% | 2.10% | +2.43% |
Volatility
BRK-B vs. KMLM - Volatility Comparison
Berkshire Hathaway Inc. (BRK-B) has a higher volatility of 3.95% compared to KFA Mount Lucas Index Strategy ETF (KMLM) at 3.35%. This indicates that BRK-B's price experiences larger fluctuations and is considered to be riskier than KMLM based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| BRK-B | KMLM | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 3.95% | 3.35% | +0.60% |
Volatility (6M)Calculated over the trailing 6-month period | 10.78% | 9.77% | +1.01% |
Volatility (1Y)Calculated over the trailing 1-year period | 14.38% | 11.50% | +2.88% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 17.12% | 14.62% | +2.50% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 19.44% | 14.71% | +4.73% |
Dividends
BRK-B vs. KMLM - Dividend Comparison
BRK-B has not paid dividends to shareholders, while KMLM's dividend yield for the trailing twelve months is around 4.64%.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 |
|---|---|---|---|---|---|---|
BRK-B Berkshire Hathaway Inc. | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
KMLM KFA Mount Lucas Index Strategy ETF | 4.64% | 5.02% | 0.82% | 0.00% | 13.22% | 6.94% |
Frequently Asked Questions
BRK-B and KMLM 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.
BRK-B has higher volatility (3.95%) compared to KMLM (3.35%). In terms of maximum drawdown, BRK-B dropped -53.86% vs KMLM's -27.47%.
KMLM currently has the higher Sharpe Ratio (1.06 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.
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