BALI vs. BPAY

Last updated Jun 24, 2026

BALI (Blackrock Advantage Large Cap Income ETF) and BPAY (BlackRock Future Financial and Technology ETF) are both exchange-traded funds - BALI is a Derivative Income fund actively managed by BlackRock, while BPAY is a Financials Equities fund actively managed by BlackRock. Both are actively managed. Over the past year, BALI returned 22.98% vs -17.49% for BPAY. A 0.68 correlation means they provide meaningful diversification when combined. BALI charges 0.35%/yr vs 0.70%/yr for BPAY.

Performance

BALI vs. BPAY - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Blackrock Advantage Large Cap Income ETF (BALI) and BlackRock Future Financial and Technology ETF (BPAY). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, BALI achieves a 8.90% return, which is significantly higher than BPAY's -10.19% return.

BALI

• 1D: -1.07%
• 1M: -1.38%
• YTD: 8.90%
• 6M: 8.29%
• 1Y: 22.98%
• 3Y*: —
• 5Y*: —
• 10Y*: —

BPAY

• 1D: -1.19%
• 1M: 0.93%
• YTD: -10.19%
• 6M: -12.22%
• 1Y: -17.49%
• 3Y*: 9.14%
• 5Y*: —
• 10Y*: —

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

BALI vs. BPAY - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023
BALI Blackrock Advantage Large Cap Income ETF	8.90%	14.51%	22.38%	9.71%
BPAY BlackRock Future Financial and Technology ETF	-10.19%	8.54%	17.28%	14.33%

Correlation

The correlation between BALI and BPAY is 0.70, which is moderate. They share some common price drivers but move independently often enough to provide real diversification benefit when combined.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.70
Correlation (All Time) Calculated using the full available price history since Sep 28, 2023	0.68

The correlation between BALI and BPAY has been stable across timeframes, ranging from 0.68 to 0.70 - a consistent structural relationship.

BALI vs. BPAY - Sectors Allocation Comparison

Sectors	BALI	BPAY
Technology	35.4%	30.5%
Communication Services	10.1%	-
Consumer Cyclical	9.7%	6.4%
Healthcare	9.5%	-
Financial Services	9.2%	58.0%
Industrials	7.0%	5.1%
Consumer Defensive	5.8%	-
Energy	4.0%	-
Real Estate	2.1%	2.2%
Utilities	2.0%	-
Basic Materials	1.4%	-

Return for Risk

BALI vs. BPAY — Risk / Return Rank

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

BALI

BALI Risk / Return Rank: 74
BALI Sharpe Ratio Rank: 72
BALI Sortino Ratio Rank: 70
BALI Omega Ratio Rank: 73
BALI Calmar Ratio Rank: 71
BALI Martin Ratio Rank: 83

BPAY

BPAY Risk / Return Rank: 4
BPAY Sharpe Ratio Rank: 4
BPAY Sortino Ratio Rank: 4
BPAY Omega Ratio Rank: 4
BPAY Calmar Ratio Rank: 4
BPAY Martin Ratio Rank: 4

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. BPAY - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Blackrock Advantage Large Cap Income ETF (BALI) and BlackRock Future Financial and Technology ETF (BPAY). 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.

	BALI	BPAY	Difference
Sharpe ratio: Return per unit of total volatility	2.21	-0.68	+2.88
Sortino ratio: Return per unit of downside risk	3.03	-0.81	+3.84
Omega ratio: Gain probability vs. loss probability	1.41	0.91	+0.51
Calmar ratio: Return relative to maximum drawdown	3.44	-0.52	+3.96
Martin ratio: Return relative to average drawdown	16.45	-0.98	+17.42

BALI vs. BPAY - Sharpe Ratio Comparison

The current BALI Sharpe Ratio is 2.21, which is higher than the BPAY Sharpe Ratio of -0.68. The chart below compares the historical Sharpe Ratios of BALI and BPAY, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Drawdowns

BALI vs. BPAY - Drawdown Comparison

The maximum BALI drawdown since its inception was -16.65%, smaller than the maximum BPAY drawdown of -33.62%. Use the drawdown chart below to compare losses from any high point for BALI and BPAY.

Drawdown Indicators

	BALI	BPAY	Difference
Max Drawdown Largest peak-to-trough decline	-16.65%	-33.62%	+16.97%
Max Drawdown (1Y) Largest decline over 1 year	-6.71%	-33.62%	+26.91%
Max Drawdown (3Y) Largest decline over 3 years	—	-33.62%	—
Current Drawdown Current decline from peak	-2.49%	-24.12%	+21.63%
Average Drawdown Average peak-to-trough decline	-1.63%	-10.72%	+9.09%
Ulcer Index Depth and duration of drawdowns from previous peaks	1.40%	17.90%	-16.50%

Volatility

BALI vs. BPAY - Volatility Comparison

The current volatility for Blackrock Advantage Large Cap Income ETF (BALI) is 4.07%, while BlackRock Future Financial and Technology ETF (BPAY) has a volatility of 9.68%. This indicates that BALI experiences smaller price fluctuations and is considered to be less risky than BPAY based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	BALI	BPAY	Difference
Volatility (1M) Calculated over the trailing 1-month period	4.07%	9.68%	-5.61%
Volatility (6M) Calculated over the trailing 6-month period	8.30%	19.74%	-11.44%
Volatility (1Y) Calculated over the trailing 1-year period	10.49%	25.97%	-15.48%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	13.02%	24.48%	-11.46%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	13.02%	24.48%	-11.46%

BALI vs. BPAY - Expense Ratio Comparison

BALI has a 0.35% expense ratio, which is lower than BPAY's 0.70% expense ratio.

Dividends

BALI vs. BPAY - Dividend Comparison

BALI's dividend yield for the trailing twelve months is around 7.83%, more than BPAY's 7.55% yield.

Position	TTM	2025	2024	2023	2022
BALI Blackrock Advantage Large Cap Income ETF	7.83%	8.51%	7.13%	2.13%	0.00%
BPAY BlackRock Future Financial and Technology ETF	7.55%	6.49%	0.48%	1.18%	0.18%

Frequently Asked Questions

Can I hold both BALI and BPAY in my portfolio?

BALI and BPAY have a correlation of 0.70, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, BALI or BPAY?

BPAY has higher volatility (9.68%) compared to BALI (4.07%). In terms of maximum drawdown, BALI dropped -16.65% vs BPAY's -33.62%.

Which ETF is better, BALI or BPAY?

On 1-year performance, BALI leads with 22.98% vs -17.49% for BPAY. On fees, BALI is cheaper at 0.35% per year. On volatility, BALI has been the lower-risk option at 4.07%. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF has performed better, BALI or BPAY?

Over the 1-year period, BALI has performed better with a 22.98% return vs -17.49%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, BALI or BPAY?

BALI is cheaper with a 0.35% expense ratio, compared with 0.70% for BPAY.

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

BALI has the higher dividend yield at 7.83%, compared with 7.55% for BPAY.

What is the main difference between BALI and BPAY?

BALI is categorized as Derivative Income, while BPAY is Financials Equities. Their fees differ too: 0.35% for BALI and 0.70% for BPAY.

Which has better risk-adjusted returns?

BALI currently has the higher Sharpe Ratio (2.21 vs -0.68), 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.