KLIP vs. BRK-B
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 4.43%/yr vs 14.14%/yr for BRK-B. At a 0.17 correlation, their price movements are largely independent.
Performance
KLIP vs. BRK-B - Performance Comparison
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Returns By Period
In the year-to-date period, KLIP achieves a -15.37% return, which is significantly lower than BRK-B's -0.79% return.
KLIP
- 1D
- 1.59%
- 1M
- -7.73%
- YTD
- -15.37%
- 6M
- -17.65%
- 1Y
- -9.98%
- 3Y*
- 4.43%
- 5Y*
- —
- 10Y*
- —
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 vs. BRK-B - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | |
|---|---|---|---|---|
KLIP KraneShares China Internet and Covered Call Strategy ETF | -15.37% | 16.92% | 3.37% | 11.11% |
BRK-B Berkshire Hathaway Inc. | -0.79% | 10.89% | 27.09% | 11.33% |
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 | 0.14 |
Correlation (All Time) Calculated using the full available price history since Jan 12, 2023 | 0.17 |
The correlation between KLIP and BRK-B shifts across timeframes, from -0.07 (1 year) to 0.17 (all time), reflecting how their relationship changes across market environments.
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Return for Risk
KLIP vs. BRK-B — Risk / Return Rank
KLIP
BRK-B
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.
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.
| KLIP | BRK-B | 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 | 0.90 | 1.05 | -0.14 |
| Calmar ratioReturn relative to maximum drawdown | -0.47 | 0.30 | -0.77 |
| Martin ratioReturn relative to average drawdown | -1.26 | 0.62 | -1.89 |
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Drawdowns
KLIP vs. BRK-B - Drawdown Comparison
The maximum KLIP drawdown since its inception was -21.48%, 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.
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Drawdown Indicators
| KLIP | BRK-B | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -21.48% | -53.86% | +32.38% |
Max Drawdown (1Y)Largest decline over 1 year | -21.48% | -9.42% | -12.06% |
Max Drawdown (3Y)Largest decline over 3 years | -21.48% | -14.95% | -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 | -20.23% | -7.62% | -12.61% |
Average DrawdownAverage peak-to-trough decline | -4.02% | -11.07% | +7.05% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 7.91% | 4.51% | +3.40% |
Volatility
KLIP vs. BRK-B - Volatility Comparison
KraneShares China Internet and Covered Call Strategy ETF (KLIP) has a higher volatility of 5.98% compared to Berkshire Hathaway Inc. (BRK-B) at 4.27%. 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.
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Volatility by Period
| KLIP | BRK-B | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 5.98% | 4.27% | +1.71% |
Volatility (6M)Calculated over the trailing 6-month period | 13.33% | 10.76% | +2.57% |
Volatility (1Y)Calculated over the trailing 1-year period | 16.35% | 14.50% | +1.85% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 18.15% | 17.12% | +1.03% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 18.15% | 19.40% | -1.25% |
Dividends
KLIP vs. BRK-B - Dividend Comparison
KLIP's dividend yield for the trailing twelve months is around 30.64%, 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 | 30.64% | 25.14% | 54.26% | 61.22% |
Frequently Asked Questions
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.
KLIP has higher volatility (5.98%) compared to BRK-B (4.27%). In terms of maximum drawdown, KLIP dropped -21.48% vs BRK-B's -53.86%.
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.
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