BRKC vs KWIN: Grades, Fees and Holdings Compared

YieldMax BRK.B Option Income Strategy ETF

BRKCBNYSE Arca

KraneShares Wahed Alternative Income Index ETF

KWINANYSE Arca

Overlap

0.0%by weight

Expense ratio

KWIN −0.50pt a year

BRKC1.01%KWIN0.51%

Avg volume · 30D

KWIN 2.7×the volume

BRKC5.13KKWIN14K

BRKC vs KWIN Performance

Dec 31, 2025 – Oct 30, 2026

+5.6%BRKC+2.9%KWIN

Expense ratio: BRKC 1.01%; KWIN 0.51%, better
Fund size: BRKC $8M; KWIN $63M
1Y total return: BRKC +8.8%; KWIN No data
Yield (12M): BRKC 19.75%; KWIN No data
Holdings: BRKC 9; KWIN 55
Avg volume (30D): BRKC 5.13K sh; KWIN 14K sh, better
NAV per share: BRKC $40.88; KWIN $25.90
52W range

ETF.net Grade

Pillar letters and Scores for BRKC, KWIN, with each pillar’s weight
Pillar	BRKC	KWIN
Cost30% weight	B59	A100Higher
Mission25% weight	A86	Not scored
Risk15% weight	A84	A86Higher
Tradability15% weight	B58	A70Higher
Holdings10% weight	Not scored	A88
Durability5% weight	B58	B68Higher

Rank among Single-Stock Option Income funds

How we build Categories ›

Same Category. BRKC and KWIN are both graded against the same 71 Single-Stock Option Income funds, so their Grades compare head to head.

Single-Stock Option Income⁠

Category · 71 funds

See all 71 ›

KWIN ranks 1st and BRKC 5th of 71 funds in the Single-Stock Option Income Category.

Rank 1AKWINKraneShares Wahed Alternative Income Index ETFScore 87
Rank 2AACYQFT Vest Autocallable Barrier & High Income ETFScore 85
Rank 4AAAPYKurv Yield Premium Strategy Apple (AAPL) ETFScore 79
Rank 5BBRKCYieldMax BRK.B Option Income Strategy ETFScore 70
Rank 6BSNOYYieldMax SNOW Option Income Strategy ETFScore 67

Our read on each fund

ETF.net Research

BRKCBYieldMax BRK.B Option Income Strategy ETF

KWINAKraneShares Wahed Alternative Income Index ETF

In short

BRKC YieldMax points its option-income machinery at the ultimate buy-and-hold name. BRKC sells upside on Berkshire Hathaway to generate current income, and it never actually owns the shares.

KWIN An income fund built for investors who can't own interest. KWIN holds stocks, then sells calls and buys puts on each one, aiming for a delta-neutral book whose payout comes from options premium instead of a coupon.

Stated mandate

BRKC BRKC seeks current income while providing indirect exposure to the share-price returns of Berkshire Hathaway Inc. (BRK.B), with potential gains limited by its options strategy.

KWIN KWIN seeks alternative option income by holding long positions in selected equities while selling calls and buying puts against each position. The strategy is intended to produce a delta-neutral portfolio and is marketed as an alternative to traditional interest income.

Why people hold it

BRKC Expense ratio of 1.01%, a shade under the median for single-stock option-income ETFs, in a corner of the market where 1%-plus is the entry fee.
Grades out in the top slice of its single-stock option-income peer group, helped by a calmer measured risk profile than most funds built this way.
Mechanics stated up front: a synthetic covered call spread on BRK.B seeking current income plus indirect exposure to the stock's price moves, with gains limited by the options.

KWIN 0.51% a year, less than half the roughly 1.07% median of its options-income cohort. In a category where 1%-plus is the norm, that is a real head start.
The mechanics are unusually explicit: long a selected stock, short a call, long a put, position by position. The collars are the strategy, not a bolt-on overlay.kraneshares.com
Tracks the Wahed Shariah Alternative Income Index, so income is sourced from options premium rather than interest. Few option-income ETFs are built to that screen.kraneshares.com
On cost and measured risk it stands among the strongest implementations in a peer group of 64 single-stock option-income funds.

Worth knowing

BRKC You hold an options package, not Berkshire stock. The call spread caps how much of a big BRK.B run-up reaches you.
The fund discloses that distributions can include return of capital, meaning part of a payout may be your own capital coming back, which lowers net asset value.
Launched in 2025 and still small and thinly traded, which can mean wider bid-ask spreads and a short history to judge the strategy on.

KWIN Launched in November 2025. The record is short, so any read on how the collars behave across different markets rests on limited history.
Delta-neutral by design: the sold calls and bought puts are there to strip out the stock move, not to ride it. This is an income engine, not an equity growth sleeve.
Trades lightly next to the household names of the category, so spreads can be wider than headline size suggests. Limit orders matter more here.

Full BRKC profile⁠

Full KWIN profile⁠

BRKC vs KWIN Holdings

How BRKC and KWIN differ

Overlap by weight

0.0%

Shared holdings make up 0.0% of BRKC and 0.0% of KWIN.

Level by level

Asset classAlternatives, Equity0.0%
Holdings0 in both0.0%
Countryby domicile100%

Sector

No Sector split for BRKC and KWIN.

Country, concentration and asset class

Country by domicile

Country weights in BRKC and KWIN, widest gap first
Country	More in BRKCMore in KWIN	BRKC	KWIN
United States	Same weight	100.0%	100.0%

Concentration

Weight in the 10 largest Holdings

BRKC100.6%
KWIN45.8%

Securities held

BRKC8
KWIN54

Asset class

BRKC: Alternatives
KWIN: Equity

Holdings

Only in BRKC8
In both0
Only in KWIN54

Only in BRKC

8 securities, 94.4% of BRKC by weight

United States Treasury Bill 02/18/202724.78%
United States Treasury Note/Bond 2.375% 05/15/202722.99%
United States Treasury Bill 07/08/202719.77%
United States Treasury Bill 12/10/202611.78%
2BRKB Us 11/20/26 C490.01 Flx10.64%
First American Government Obligations Fund 12/01/20314.30%
Brkb Us 11/06/26 C5600.07%
Brkb Us 11/06/26 C5550.03%

Only in KWIN

54 securities, 100% of KWIN by weight

Servicenow Inc5.29%
On Semiconductor5.14%
Workday Inc-Class A5.00%
Super Micro Computer Inc4.97%
Intuitive Surgical Inc4.63%
Crowdstrike Holdings Inc - A4.58%
Synopsys Inc4.23%
Fortinet Inc4.02%
Lumentum Holdings Inc4.00%
Palo Alto Networks Inc3.94%
Advanced Micro Devices3.85%
Adobe Inc3.75%
Arista Networks Inc3.69%
Boston Scientific Corp3.66%
Tesla Inc3.64%
Amazon.com Inc3.53%
Autozone Inc3.52%
Intel Corp3.41%
Cadence Design Sys Inc3.40%
Sandisk Corp3.37%
Doordash Inc - A3.35%
Ciena Corp3.28%
Uber Technologies Inc3.26%
Akamai Technologies Inc3.06%
Coherent Corp2.90%
Reddit Inc-Cl A1.40%
Bloom Energy Corp- A1.35%
2SMCI Us 01/15/27 P350.86%
2LITE Us 01/15/27 P9300.84%
2COHR Us 01/15/27 P2700.78%
2SNDK Us 01/15/27 P14200.68%
2CIEN Us 01/15/27 P3700.63%
2ANET Us 01/15/27 P2000.62%
2INTC Us 01/15/27 P1000.58%
2AMD Us 01/15/27 P5800.57%
2SNPS Us 01/15/27 P4800.48%
2DASH Us 01/15/27 P1800.45%
2CRWD Us 01/15/27 P2500.39%
2ON Us 01/15/27 P700.39%
2FTNT Us 01/15/27 P1850.39%
2PANW Us 01/15/27 P3800.35%
2CDNS Us 01/15/27 P3300.32%
2AMZN Us 01/15/27 P2550.27%
2BE Us 01/15/27 P2200.25%
2RDDT Us 01/15/27 P1500.23%
2AKAM Us 01/15/27 P900.22%
2NOW Us 01/15/27 P1350.19%
2UBER Us 01/15/27 P650.18%
2WDAY Us 01/15/27 P1850.16%
2ADBE Us 01/15/27 P2350.15%

Weight gaps

BRKC and KWIN share no securities.

All BRKC holdings⁠All KWIN holdings⁠

How we measure overlap

Each holding counts at its smaller weight in the two funds, summed over the full Holdings. Sector, country and asset class use the same rule on each fund’s split. Cash, FX and derivative lines stay out of the counts. Two bond funds get no overlap figure.

BRKC vs KWIN Cost

Overpaying BRKC vs KWIN

$8,685

On $10,000 over 30 years. 7% growth a year before fees, expense ratio only.

BRKC 1.01%
$18,850
KWIN 0.51%
$10,165

Amount$10,000

Years30 years

Cost over time

BRKC 1.01%
KWIN 0.51%
Overpaying

Year by year

Year	BRKC	KWIN	Overpaying
10	$1,780	$918	$862
20	$6,686	$3,527	$3,159
30	$18,850	$10,165	$8,685

Expense ratio

1.01%BRKC
0.51%KWIN, cheaper

KWIN0.51%BRKC1.01%

0.51%1.91%

Middle half of Single-Stock Option Income funds
Median 1.04%

KWIN cheapest of 71 funds

BRKC 25th cheapest of 71 funds

BRKC vs KWIN Dividends

Last 12 months to Oct 30, 2026

Yield (12M): BRKC 19.75%; KWIN No data
Payout (12M): BRKC $8.07; KWIN None
Last payment: BRKC $0.17; KWIN No data
Ex-dividend: BRKC Oct 29, 2026; KWIN No data
Paid on: BRKC Oct 30, 2026; KWIN No data
Frequency: BRKC Weekly; KWIN No data

Distribution history

Per share, 2026, same scale for both

BRKCWeekly · 44 paymentsAll BRKC payments⁠

KWINAll KWIN payments⁠

No distribution history available.

BRKC vs KWIN Risk

Fall from peak · 5 years

This chart needs five years of history for both funds.

Risk facts

VolatilityStd dev, 3 years: BRKC 11.5%since Jul 2025KWIN No data
Return per unit of riskSharpe ratio, 3 years: BRKC 0.09since Jul 2025KWIN No data
Worst fallMax drawdown, 5 years: BRKC −7.6%since Jun 2025KWIN No data
Market sensitivityBeta, 5 years: BRKC −0.03KWIN 0.001; Market = 1

Popular comparisons

BRKCBvsACYQA
YieldMax BRK.B Option Income Strategy ETF · FT Vest Autocallable Barrier & High Income ETF
Expense ratio
1.01% · 0.75%
Category
KWINAvsACYQA
KraneShares Wahed Alternative Income Index ETF · FT Vest Autocallable Barrier & High Income ETF
Expense ratio
0.51% · 0.75%
Category
BRKCBvsXXVA
YieldMax BRK.B Option Income Strategy ETF · Simplify Ancorato Target 25 Distribution ETF
Expense ratio
1.01% · 0.78%
Category
KWINAvsXXVA
KraneShares Wahed Alternative Income Index ETF · Simplify Ancorato Target 25 Distribution ETF
Expense ratio
0.51% · 0.78%
Category
BRKCBvsAAPYA
YieldMax BRK.B Option Income Strategy ETF · Kurv Yield Premium Strategy Apple (AAPL) ETF
Expense ratio
1.01% · 0.99%
Category
KWINAvsAAPYA
KraneShares Wahed Alternative Income Index ETF · Kurv Yield Premium Strategy Apple (AAPL) ETF
Expense ratio
0.51% · 0.99%
Category