KLIP vs. BRK-B

Last updated Jun 6, 2026

KLIP (KraneShares China Internet and Covered Call Strategy ETF) is Options Trading fund managed by CICC, while BRK-B (Berkshire Hathaway Inc.) is a stock. Over the past 3 years, KLIP returned 7.24%/yr vs 13.55%/yr for BRK-B. At a 0.16 correlation, their price movements are largely independent.

Performance

KLIP vs. BRK-B - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in KraneShares China Internet and Covered Call Strategy ETF (KLIP) 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, KLIP achieves a -9.82% return, which is significantly lower than BRK-B's -2.89% return.

KLIP

• 1D: -2.22%
• 1M: -5.62%
• YTD: -9.82%
• 6M: -11.94%
• 1Y: -2.84%
• 3Y*: 7.24%
• 5Y*: —
• 10Y*: —

BRK-B

• 1D: 1.98%
• 1M: 3.90%
• YTD: -2.89%
• 6M: -3.21%
• 1Y: -0.12%
• 3Y*: 13.55%
• 5Y*: 10.78%
• 10Y*: 13.19%

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

KLIP vs. BRK-B - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023
KLIP KraneShares China Internet and Covered Call Strategy ETF	-9.82%	16.92%	3.37%	10.67%
BRK-B Berkshire Hathaway Inc.	-2.89%	10.89%	27.09%	11.83%

Correlation

The correlation between KLIP and BRK-B 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	0.13
Correlation (All Time) Calculated using the full available price history since Jan 13, 2023	0.16

The correlation between KLIP and BRK-B shifts across timeframes, from -0.07 (1 year) to 0.16 (all time), reflecting how their relationship changes across market environments.

Return for Risk

KLIP vs. BRK-B — Risk / Return Rank

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

KLIP

KLIP Risk / Return Rank: 7
KLIP Sharpe Ratio Rank: 7
KLIP Sortino Ratio Rank: 7
KLIP Omega Ratio Rank: 7
KLIP Calmar Ratio Rank: 7
KLIP Martin Ratio Rank: 7

BRK-B

BRK-B Risk / Return Rank: 38
BRK-B Sharpe Ratio Rank: 41
BRK-B Sortino Ratio Rank: 33
BRK-B Omega Ratio Rank: 32
BRK-B Calmar Ratio Rank: 41
BRK-B Martin Ratio Rank: 41

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.

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

This table presents a comparison of risk-adjusted performance metrics for KraneShares China Internet and Covered Call Strategy ETF (KLIP) 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.

	KLIP	BRK-B	Difference
Sharpe ratio: Return per unit of total volatility	-0.18	-0.01	-0.17
Sortino ratio: Return per unit of downside risk	-0.14	0.09	-0.23
Omega ratio: Gain probability vs. loss probability	0.98	1.01	-0.03
Calmar ratio: Return relative to maximum drawdown	-0.18	-0.01	-0.17
Martin ratio: Return relative to average drawdown	-0.42	-0.03	-0.39
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

KLIP vs. BRK-B - Sharpe Ratio Comparison

The current KLIP Sharpe Ratio is -0.18, which is lower than the BRK-B Sharpe Ratio of -0.01. The chart below compares the historical Sharpe Ratios of KLIP 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

	KLIP	BRK-B	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	-0.18	-0.01	-0.17
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	—	0.63	—
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	—	0.68	—
Sharpe Ratio (All Time) Calculated using the full available price history	0.31	0.48	-0.17

Drawdowns

KLIP vs. BRK-B - Drawdown Comparison

The maximum KLIP drawdown since its inception was -18.61%, smaller than the maximum BRK-B drawdown of -53.86%. Use the drawdown chart below to compare losses from any high point for KLIP and BRK-B.

Drawdown Indicators

	KLIP	BRK-B	Difference
Max Drawdown Largest peak-to-trough decline	-18.61%	-53.86%	+35.25%
Max Drawdown (1Y) Largest decline over 1 year	-15.97%	-9.42%	-6.55%
Max Drawdown (3Y) Largest decline over 3 years	-18.61%	-14.95%	-3.66%
Max Drawdown (5Y) Largest decline over 5 years	—	-26.58%	—
Max Drawdown (10Y) Largest decline over 10 years	—	-29.57%	—
Current Drawdown Current decline from peak	-15.00%	-9.57%	-5.43%
Average Drawdown Average peak-to-trough decline	-3.81%	-11.07%	+7.26%
Ulcer Index Depth and duration of drawdowns from previous peaks	6.82%	4.47%	+2.35%

Volatility

KLIP vs. BRK-B - Volatility Comparison

KraneShares China Internet and Covered Call Strategy ETF (KLIP) has a higher volatility of 5.86% compared to Berkshire Hathaway Inc. (BRK-B) at 4.08%. This indicates that KLIP'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

	KLIP	BRK-B	Difference
Volatility (1M) Calculated over the trailing 1-month period	5.86%	4.08%	+1.78%
Volatility (6M) Calculated over the trailing 6-month period	13.00%	10.87%	+2.13%
Volatility (1Y) Calculated over the trailing 1-year period	15.96%	14.39%	+1.57%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	18.15%	17.13%	+1.02%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	18.15%	19.43%	-1.28%

Dividends

KLIP vs. BRK-B - Dividend Comparison

KLIP's dividend yield for the trailing twelve months is around 28.76%, while BRK-B has not paid dividends to shareholders.

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	28.76%	25.14%	54.26%	61.22%

Frequently Asked Questions

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

KLIP and BRK-B 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.

Which is riskier, KLIP or BRK-B?

KLIP has higher volatility (5.86%) compared to BRK-B (4.08%). In terms of maximum drawdown, KLIP dropped -18.61% vs BRK-B's -53.86%.

Which has better risk-adjusted returns?

BRK-B currently has the higher Sharpe Ratio (-0.01 vs -0.18), 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.