BALI vs. THTA

Last updated Jun 4, 2026

BALI (Blackrock Advantage Large Cap Income ETF) and THTA (SoFi Enhanced Yield ETF) are both Derivative Income funds. Both are actively managed. Over the past year, BALI returned 26.38% vs 16.78% for THTA. At a 0.43 correlation, their price movements are largely independent. BALI charges 0.35%/yr vs 0.49%/yr for THTA.

Performance

BALI vs. THTA - Performance Comparison

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

Returns By Period

In the year-to-date period, BALI achieves a 11.22% return, which is significantly higher than THTA's 6.86% return.

BALI

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

THTA

• 1D: -0.02%
• 1M: 0.56%
• YTD: 6.86%
• 6M: 8.04%
• 1Y: 16.78%
• 3Y*: —
• 5Y*: —
• 10Y*: —

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

BALI vs. THTA - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023
BALI Blackrock Advantage Large Cap Income ETF	11.22%	14.51%	22.38%	4.81%
THTA SoFi Enhanced Yield ETF	6.86%	-10.24%	7.31%	1.04%

Correlation

The correlation between BALI and THTA is 0.43, which is low. Their price movements are largely independent, making them effective diversification partners.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.43
Correlation (All Time) Calculated using the full available price history since Nov 16, 2023	0.43

Return for Risk

BALI vs. THTA — 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

THTA

THTA Risk / Return Rank: 92
THTA Sharpe Ratio Rank: 87
THTA Sortino Ratio Rank: 90
THTA Omega Ratio Rank: 95
THTA Calmar Ratio Rank: 92
THTA Martin Ratio Rank: 97

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. THTA - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Blackrock Advantage Large Cap Income ETF (BALI) and SoFi Enhanced Yield ETF (THTA). 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	THTA	Difference
Sharpe ratio Return per unit of total volatility	2.67	2.91	-0.24
Sortino ratio Return per unit of downside risk	3.72	4.29	-0.57
Omega ratio Gain probability vs. loss probability	1.50	1.75	-0.25
Calmar ratio Return relative to maximum drawdown	3.95	6.39	-2.44
Martin ratio Return relative to average drawdown	19.71	52.08	-32.36
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. THTA - Sharpe Ratio Comparison

The current BALI Sharpe Ratio is 2.67, which is comparable to the THTA Sharpe Ratio of 2.91. The chart below compares the historical Sharpe Ratios of BALI and THTA, 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	THTA	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	2.67	2.91	-0.24
Sharpe Ratio (All Time) Calculated using the full available price history	1.72	0.08	+1.64

Drawdowns

BALI vs. THTA - Drawdown Comparison

The maximum BALI drawdown since its inception was -16.65%, smaller than the maximum THTA drawdown of -31.41%. Use the drawdown chart below to compare losses from any high point for BALI and THTA.

Drawdown Indicators

	BALI	THTA	Difference
Max Drawdown Largest peak-to-trough decline	-16.65%	-31.41%	+14.76%
Max Drawdown (1Y) Largest decline over 1 year	-6.71%	-2.64%	-4.07%
Current Drawdown Current decline from peak	-0.41%	-6.79%	+6.38%
Average Drawdown Average peak-to-trough decline	-1.63%	-7.52%	+5.89%
Ulcer Index Depth and duration of drawdowns from previous peaks	1.34%	0.32%	+1.02%

Volatility

BALI vs. THTA - Volatility Comparison

Blackrock Advantage Large Cap Income ETF (BALI) has a higher volatility of 1.95% compared to SoFi Enhanced Yield ETF (THTA) at 0.75%. This indicates that BALI's price experiences larger fluctuations and is considered to be riskier than THTA based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	BALI	THTA	Difference
Volatility (1M) Calculated over the trailing 1-month period	1.95%	0.75%	+1.20%
Volatility (6M) Calculated over the trailing 6-month period	7.47%	4.00%	+3.47%
Volatility (1Y) Calculated over the trailing 1-year period	9.91%	5.80%	+4.11%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	12.93%	20.25%	-7.32%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	12.93%	20.25%	-7.32%

BALI vs. THTA - Expense Ratio Comparison

BALI has a 0.35% expense ratio, which is lower than THTA's 0.49% expense ratio.

Dividends

BALI vs. THTA - Dividend Comparison

BALI's dividend yield for the trailing twelve months is around 7.66%, less than THTA's 11.26% yield.

Position	TTM	2025	2024	2023
BALI Blackrock Advantage Large Cap Income ETF	7.66%	8.51%	7.13%	2.13%
THTA SoFi Enhanced Yield ETF	11.26%	12.66%	12.44%	0.58%

Frequently Asked Questions

Can I hold both BALI and THTA in my portfolio?

BALI and THTA have a correlation of 0.43, 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 THTA?

BALI has higher volatility (1.95%) compared to THTA (0.75%). In terms of maximum drawdown, BALI dropped -16.65% vs THTA's -31.41%.

Which ETF is better, BALI or THTA?

On 1-year performance, BALI leads with 26.38% vs 16.78% for THTA. On fees, BALI is cheaper at 0.35% per year. On volatility, THTA has been the lower-risk option at 0.75%. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF has performed better, BALI or THTA?

Over the 1-year period, BALI has performed better with a 26.38% return vs 16.78%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, BALI or THTA?

BALI is cheaper with a 0.35% expense ratio, compared with 0.49% for THTA.

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

THTA has the higher dividend yield at 11.26%, compared with 7.66% for BALI.

What is the main difference between BALI and THTA?

They also come from different issuers: BlackRock and SoFi. Their fees differ too: 0.35% for BALI and 0.49% for THTA.

Which has better risk-adjusted returns?

THTA currently has the higher Sharpe Ratio (2.91 vs 2.67), 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.