BALI vs. ACII

Last updated Jun 4, 2026

BALI (Blackrock Advantage Large Cap Income ETF) and ACII (Innovator Index Autocallable Income Strategy ETF) are both Derivative Income funds. Both are actively managed. Their correlation of 0.80 suggests significant overlap in exposure. BALI charges 0.35%/yr vs 0.79%/yr for ACII.

Performance

BALI vs. ACII - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Blackrock Advantage Large Cap Income ETF (BALI) and Innovator Index Autocallable Income Strategy ETF (ACII). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

BALI

• 1D: -0.41%
• 1M: 4.44%
• YTD: 11.22%
• 6M: 11.78%
• 1Y: 26.38%
• 3Y*: —
• 5Y*: —
• 10Y*: —

ACII

• 1D: -0.95%
• 1M: —
• YTD: —
• 6M: —
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —

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

BALI vs. ACII - Yearly Performance Comparison

	2026 (YTD)
BALI Blackrock Advantage Large Cap Income ETF	-0.04%
ACII Innovator Index Autocallable Income Strategy ETF	-1.10%

Correlation

The correlation between BALI and ACII is 0.80, indicating a strong positive relationship between their price movements. Combining them offers limited diversification - they tend to fall together during downturns.

	Correlation
Correlation (All Time) Calculated using the full available price history since May 29, 2026	0.80

Return for Risk

BALI vs. ACII — Risk / Return Rank

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

BALI

BALI Risk / Return Rank: 82
BALI Sharpe Ratio Rank: 81
BALI Sortino Ratio Rank: 81
BALI Omega Ratio Rank: 81
BALI Calmar Ratio Rank: 77
BALI Martin Ratio Rank: 88

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.

BALI vs. ACII - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Blackrock Advantage Large Cap Income ETF (BALI) and Innovator Index Autocallable Income Strategy ETF (ACII). 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.

	BALI	ACII	Difference
Sharpe ratio: Return per unit of total volatility	2.67	—	—
Sortino ratio: Return per unit of downside risk	3.72	—	—
Omega ratio: Gain probability vs. loss probability	1.50	—	—
Calmar ratio: Return relative to maximum drawdown	3.95	—	—
Martin ratio: Return relative to average drawdown	19.71	—	—
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

Sharpe Ratios by Period

	BALI	ACII	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	2.67	—	—
Sharpe Ratio (All Time) Calculated using the full available price history	1.72	-7.55	+9.27

Drawdowns

BALI vs. ACII - Drawdown Comparison

The maximum BALI drawdown since its inception was -16.65%, which is greater than ACII's maximum drawdown of -1.27%. Use the drawdown chart below to compare losses from any high point for BALI and ACII.

Drawdown Indicators

	BALI	ACII	Difference
Max Drawdown Largest peak-to-trough decline	-16.65%	-1.27%	-15.38%
Max Drawdown (1Y) Largest decline over 1 year	-6.71%	—	—
Current Drawdown Current decline from peak	-0.41%	-1.27%	+0.86%
Average Drawdown Average peak-to-trough decline	-1.63%	-0.42%	-1.21%
Ulcer Index Depth and duration of drawdowns from previous peaks	1.34%	—	—

Volatility

Volatility by Period

	BALI	ACII	Difference
Volatility (1M) Calculated over the trailing 1-month period	1.95%	—	—
Volatility (6M) Calculated over the trailing 6-month period	7.47%	—	—
Volatility (1Y) Calculated over the trailing 1-year period	9.91%	7.65%	+2.26%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	12.93%	7.65%	+5.28%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	12.93%	7.65%	+5.28%

BALI vs. ACII - Expense Ratio Comparison

BALI has a 0.35% expense ratio, which is lower than ACII's 0.79% expense ratio.

Dividends

BALI vs. ACII - Dividend Comparison

BALI's dividend yield for the trailing twelve months is around 7.66%, more than ACII's 0.74% yield.

Position	TTM	2025	2024	2023
ACII Innovator Index Autocallable Income Strategy ETF	0.74%	0.00%	0.00%	0.00%
BALI Blackrock Advantage Large Cap Income ETF	7.66%	8.51%	7.13%	2.13%

Frequently Asked Questions

Can I hold both BALI and ACII in my portfolio?

BALI and ACII have a correlation of 0.80, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which ETF is better, BALI or ACII?

On fees, BALI is cheaper at 0.35% per year. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF is cheaper, BALI or ACII?

BALI is cheaper with a 0.35% expense ratio, compared with 0.79% for ACII.

Which ETF pays a higher dividend yield, BALI or ACII?

BALI has the higher dividend yield at 7.66%, compared with 0.74% for ACII.

What is the main difference between BALI and ACII?

They also come from different issuers: BlackRock and Innovator. Their fees differ too: 0.35% for BALI and 0.79% for ACII.