BALI vs. BALQ

Last updated Jun 3, 2026

BALI (Blackrock Advantage Large Cap Income ETF) and BALQ (iShares Nasdaq Premium Income Active ETF) are both exchange-traded funds - BALI is a Derivative Income fund actively managed by BlackRock, while BALQ is a Nasdaq-100 fund actively managed by iShares. Both are actively managed. Their correlation of 0.92 suggests significant overlap in exposure. Both charge a 0.35% expense ratio.

Performance

BALI vs. BALQ - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Blackrock Advantage Large Cap Income ETF (BALI) and iShares Nasdaq Premium Income Active ETF (BALQ). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, BALI achieves a 11.68% return, which is significantly lower than BALQ's 23.15% return.

BALI

• 1D: 0.09%
• 1M: 4.49%
• YTD: 11.68%
• 6M: 12.49%
• 1Y: 27.25%
• 3Y*: —
• 5Y*: —
• 10Y*: —

BALQ

• 1D: 0.42%
• 1M: 11.23%
• YTD: 23.15%
• 6M: —
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —

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

BALI vs. BALQ - Yearly Performance Comparison

	2026 (YTD)	2025
BALI Blackrock Advantage Large Cap Income ETF	11.68%	0.50%
BALQ iShares Nasdaq Premium Income Active ETF	23.15%	-0.49%

Correlation

The correlation between BALI and BALQ is 0.92, 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 Dec 4, 2025	0.92

Return for Risk

BALI vs. BALQ — Risk / Return Rank

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

BALI

BALI Risk / Return Rank: 84
BALI Sharpe Ratio Rank: 84
BALI Sortino Ratio Rank: 85
BALI Omega Ratio Rank: 84
BALI Calmar Ratio Rank: 80
BALI Martin Ratio Rank: 90

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. BALQ - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Blackrock Advantage Large Cap Income ETF (BALI) and iShares Nasdaq Premium Income Active ETF (BALQ). 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	BALQ	Difference
Sharpe ratio Return per unit of total volatility	2.77	—	—
Sortino ratio Return per unit of downside risk	3.84	—	—
Omega ratio Gain probability vs. loss probability	1.52	—	—
Calmar ratio Return relative to maximum drawdown	4.15	—	—
Martin ratio Return relative to average drawdown	20.75	—	—
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	BALQ	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	2.77	—	—
Sharpe Ratio (All Time) Calculated using the full available price history	1.74	2.87	-1.13

Drawdowns

BALI vs. BALQ - Drawdown Comparison

The maximum BALI drawdown since its inception was -16.65%, which is greater than BALQ's maximum drawdown of -11.79%. Use the drawdown chart below to compare losses from any high point for BALI and BALQ.

Drawdown Indicators

	BALI	BALQ	Difference
Max Drawdown Largest peak-to-trough decline	-16.65%	-11.79%	-4.86%
Max Drawdown (1Y) Largest decline over 1 year	-6.71%	—	—
Current Drawdown Current decline from peak	0.00%	0.00%	0.00%
Average Drawdown Average peak-to-trough decline	-1.63%	-2.39%	+0.76%
Ulcer Index Depth and duration of drawdowns from previous peaks	1.34%	—	—

Volatility

Volatility by Period

	BALI	BALQ	Difference
Volatility (1M) Calculated over the trailing 1-month period	1.93%	—	—
Volatility (6M) Calculated over the trailing 6-month period	7.47%	—	—
Volatility (1Y) Calculated over the trailing 1-year period	9.91%	18.09%	-8.18%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	12.94%	18.09%	-5.15%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	12.94%	18.09%	-5.15%

BALI vs. BALQ - Expense Ratio Comparison

Both BALI and BALQ have an expense ratio of 0.35%.

Dividends

BALI vs. BALQ - Dividend Comparison

BALI's dividend yield for the trailing twelve months is around 7.63%, more than BALQ's 4.58% yield.

Position	TTM	2025	2024	2023
BALI Blackrock Advantage Large Cap Income ETF	7.63%	8.51%	7.13%	2.13%
BALQ iShares Nasdaq Premium Income Active ETF	4.58%	0.95%	0.00%	0.00%

Frequently Asked Questions

Can I hold both BALI and BALQ in my portfolio?

With a correlation of 0.92, BALI and BALQ move almost identically. Holding both adds very little diversification - you're essentially doubling your position in the same market segment. Choosing one is usually more capital-efficient.

Which ETF is better, BALI or BALQ?

Both ETFs have the same 0.35% expense ratio. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF is cheaper, BALI or BALQ?

BALI and BALQ have the same expense ratio: 0.35% per year.

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

BALI has the higher dividend yield at 7.63%, compared with 4.58% for BALQ.

What is the main difference between BALI and BALQ?

BALI is categorized as Derivative Income, while BALQ is Nasdaq-100. They also come from different issuers: BlackRock and iShares.