BALI vs. QYLD

Last updated Jun 5, 2026

BALI (Blackrock Advantage Large Cap Income ETF) and QYLD (Global X NASDAQ 100 Covered Call ETF) are both exchange-traded funds - BALI is a Derivative Income fund actively managed by BlackRock, while QYLD is a Nasdaq-100 fund tracking the CBOE NASDAQ-100 Buy Write V2. BALI is actively managed, while QYLD is passively managed. Over the past year, BALI returned 26.70% vs 23.70% for QYLD. Their correlation of 0.82 suggests significant overlap in exposure. BALI charges 0.35%/yr vs 0.60%/yr for QYLD.

Performance

BALI vs. QYLD - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Blackrock Advantage Large Cap Income ETF (BALI) and Global X NASDAQ 100 Covered Call ETF (QYLD). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, BALI achieves a 11.50% return, which is significantly higher than QYLD's 7.88% return.

BALI

• 1D: 0.25%
• 1M: 3.94%
• YTD: 11.50%
• 6M: 12.10%
• 1Y: 26.70%
• 3Y*: —
• 5Y*: —
• 10Y*: —

QYLD

• 1D: 0.00%
• 1M: 1.40%
• YTD: 7.88%
• 6M: 9.91%
• 1Y: 23.70%
• 3Y*: 13.76%
• 5Y*: 8.43%
• 10Y*: 9.81%

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

BALI vs. QYLD - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023
BALI Blackrock Advantage Large Cap Income ETF	11.50%	14.51%	22.38%	9.52%
QYLD Global X NASDAQ 100 Covered Call ETF	7.88%	9.28%	19.35%	6.57%

Correlation

The correlation between BALI and QYLD is 0.83, indicating a strong positive relationship between their price movements. Combining them offers limited diversification - they tend to fall together during downturns.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.83
Correlation (All Time) Calculated using the full available price history since Sep 29, 2023	0.82

The correlation between BALI and QYLD has been stable across timeframes, ranging from 0.82 to 0.83 - a consistent structural relationship.

BALI vs. QYLD - Sectors Allocation Comparison

Sectors	BALI	QYLD
Technology	35.0%	53.8%
Communication Services	10.6%	15.8%
Consumer Cyclical	10.2%	12.3%
Healthcare	9.4%	4.2%
Financial Services	9.0%	0.2%
Industrials	8.0%	2.8%
Consumer Defensive	6.1%	7.7%
Energy	4.3%	0.6%
Utilities	1.9%	1.4%
Basic Materials	1.4%	1.1%
Real Estate	0.9%	0.1%

Return for Risk

BALI vs. QYLD — 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: 79
BALI Martin Ratio Rank: 89

QYLD

QYLD Risk / Return Rank: 89
QYLD Sharpe Ratio Rank: 86
QYLD Sortino Ratio Rank: 87
QYLD Omega Ratio Rank: 92
QYLD Calmar Ratio Rank: 86
QYLD Martin Ratio Rank: 94

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. QYLD - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Blackrock Advantage Large Cap Income ETF (BALI) and Global X NASDAQ 100 Covered Call ETF (QYLD). 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	QYLD	Difference
Sharpe ratio: Return per unit of total volatility	2.71	2.78	-0.07
Sortino ratio: Return per unit of downside risk	3.76	3.89	-0.12
Omega ratio: Gain probability vs. loss probability	1.51	1.63	-0.12
Calmar ratio: Return relative to maximum drawdown	3.99	4.79	-0.80
Martin ratio: Return relative to average drawdown	19.95	28.10	-8.15
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

BALI vs. QYLD - Sharpe Ratio Comparison

The current BALI Sharpe Ratio is 2.71, which is comparable to the QYLD Sharpe Ratio of 2.78. The chart below compares the historical Sharpe Ratios of BALI and QYLD, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Sharpe Ratios by Period

	BALI	QYLD	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	2.71	2.78	-0.07
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	—	0.58	—
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	—	0.63	—
Sharpe Ratio (All Time) Calculated using the full available price history	1.73	0.59	+1.14

Drawdowns

BALI vs. QYLD - Drawdown Comparison

The maximum BALI drawdown since its inception was -16.65%, smaller than the maximum QYLD drawdown of -24.75%. Use the drawdown chart below to compare losses from any high point for BALI and QYLD.

Drawdown Indicators

	BALI	QYLD	Difference
Max Drawdown Largest peak-to-trough decline	-16.65%	-24.75%	+8.10%
Max Drawdown (1Y) Largest decline over 1 year	-6.71%	-4.97%	-1.74%
Max Drawdown (3Y) Largest decline over 3 years	—	-19.06%	—
Max Drawdown (5Y) Largest decline over 5 years	—	-24.61%	—
Max Drawdown (10Y) Largest decline over 10 years	—	-24.75%	—
Current Drawdown Current decline from peak	-0.16%	-0.06%	-0.10%
Average Drawdown Average peak-to-trough decline	-1.63%	-3.84%	+2.21%
Ulcer Index Depth and duration of drawdowns from previous peaks	1.34%	0.85%	+0.49%

Volatility

BALI vs. QYLD - Volatility Comparison

Blackrock Advantage Large Cap Income ETF (BALI) and Global X NASDAQ 100 Covered Call ETF (QYLD) have volatilities of 1.87% and 1.84%, respectively, indicating that both stocks experience similar levels of price fluctuations. This suggests that the risk associated with both stocks, as measured by volatility, is nearly the same. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	BALI	QYLD	Difference
Volatility (1M) Calculated over the trailing 1-month period	1.87%	1.84%	+0.03%
Volatility (6M) Calculated over the trailing 6-month period	7.47%	7.12%	+0.35%
Volatility (1Y) Calculated over the trailing 1-year period	9.91%	8.57%	+1.34%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	12.92%	14.70%	-1.78%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	12.92%	15.49%	-2.57%

BALI vs. QYLD - Expense Ratio Comparison

BALI has a 0.35% expense ratio, which is lower than QYLD's 0.60% expense ratio.

Dividends

BALI vs. QYLD - Dividend Comparison

BALI's dividend yield for the trailing twelve months is around 7.64%, less than QYLD's 11.46% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
BALI Blackrock Advantage Large Cap Income ETF	7.64%	8.51%	7.13%	2.13%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
QYLD Global X NASDAQ 100 Covered Call ETF	11.46%	11.55%	12.50%	11.78%	13.75%	12.85%	11.16%	9.84%	12.44%	7.69%	9.15%	9.42%

Frequently Asked Questions

Can I hold both BALI and QYLD in my portfolio?

BALI and QYLD have a correlation of 0.83, 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 QYLD?

BALI has higher volatility (1.87%) compared to QYLD (1.84%). In terms of maximum drawdown, BALI dropped -16.65% vs QYLD's -24.75%.

Which ETF is better, BALI or QYLD?

On 1-year performance, BALI leads with 26.70% vs 23.70% for QYLD. On fees, BALI is cheaper at 0.35% per year. Their volatility is very similar. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF has performed better, BALI or QYLD?

Over the 1-year period, BALI has performed better with a 26.70% return vs 23.70%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, BALI or QYLD?

BALI is cheaper with a 0.35% expense ratio, compared with 0.60% for QYLD.

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

QYLD has the higher dividend yield at 11.46%, compared with 7.64% for BALI.

What is the main difference between BALI and QYLD?

BALI is categorized as Derivative Income, while QYLD is Nasdaq-100. They also come from different issuers: BlackRock and Global X. Their fees differ too: 0.35% for BALI and 0.60% for QYLD.

Which has better risk-adjusted returns?

QYLD currently has the higher Sharpe Ratio (2.78 vs 2.71), 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.