BALQ vs. DIG
BALQ (iShares Nasdaq Premium Income Active ETF) and DIG (ProShares Ultra Oil & Gas) are both exchange-traded funds - BALQ is a Nasdaq-100 fund actively managed by iShares, while DIG is a Leveraged Equities fund tracking the Dow Jones U.S. Oil & Gas Index (200%). BALQ is actively managed, while DIG is passively managed. At a correlation of -0.26, they often move in opposite directions. BALQ charges 0.35%/yr vs 0.95%/yr for DIG.
Performance
BALQ vs. DIG - Performance Comparison
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Returns By Period
In the year-to-date period, BALQ achieves a 17.54% return, which is significantly lower than DIG's 57.02% return.
BALQ
- 1D
- -1.81%
- 1M
- -2.86%
- 6M
- 15.73%
- YTD
- 17.54%
- 1Y
- —
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
DIG
- 1D
- 1.92%
- 1M
- 6.49%
- 6M
- 39.50%
- YTD
- 57.02%
- 1Y
- 68.08%
- 3Y*
- 19.43%
- 5Y*
- 33.20%
- 10Y*
- 3.82%
BALQ vs. DIG - Yearly Performance Comparison
| 2026 (YTD) | 2025 | |
|---|---|---|
BALQ iShares Nasdaq Premium Income Active ETF | 17.54% | 0.04% |
DIG ProShares Ultra Oil & Gas | 57.02% | -0.60% |
Correlation
The correlation between BALQ and DIG is -0.26, meaning they tend to move in opposite directions. This is especially valuable for risk management - when one declines, the other has historically tended to hold steady or rise.
| Correlation | |
|---|---|
Correlation (All Time) Calculated using the full available price history since Dec 3, 2025 | -0.26 |
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Return for Risk
BALQ vs. DIG — Risk / Return Rank
BALQ
Risk / return metrics aren't available yet — we need at least 12 months of trading data to calculate them.
DIG
BALQ vs. DIG - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for iShares Nasdaq Premium Income Active ETF (BALQ) and ProShares Ultra Oil & Gas (DIG). 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.
| BALQ | DIG | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | — | — | |
| Sortino ratioReturn per unit of downside risk | — | — | |
| Omega ratioGain probability vs. loss probability | — | 1.26 | — |
| Calmar ratioReturn relative to maximum drawdown | — | 2.30 | — |
| Martin ratioReturn relative to average drawdown | — | 5.96 | — |
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Drawdowns
BALQ vs. DIG - Drawdown Comparison
The maximum BALQ drawdown since its inception was -11.79%, smaller than the maximum DIG drawdown of -97.04%. Use the drawdown chart below to compare losses from any high point for BALQ and DIG.
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Drawdown Indicators
| BALQ | DIG | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -11.79% | -97.04% | +85.25% |
Max Drawdown (1Y)Largest decline over 1 year | — | -29.80% | — |
Max Drawdown (3Y)Largest decline over 3 years | — | -42.41% | — |
Max Drawdown (5Y)Largest decline over 5 years | — | -46.02% | — |
Max Drawdown (10Y)Largest decline over 10 years | — | -92.53% | — |
Current DrawdownCurrent decline from peak | -4.56% | -54.00% | +49.44% |
Average DrawdownAverage peak-to-trough decline | -2.47% | -64.31% | +61.84% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | — | 11.46% | — |
Volatility
BALQ vs. DIG - Volatility Comparison
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Volatility by Period
| BALQ | DIG | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | — | 12.34% | — |
Volatility (6M)Calculated over the trailing 6-month period | — | 33.38% | — |
Volatility (1Y)Calculated over the trailing 1-year period | 20.86% | 41.89% | -21.03% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 20.86% | 51.35% | -30.49% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 20.86% | 57.79% | -36.93% |
BALQ vs. DIG - Expense Ratio Comparison
BALQ has a 0.35% expense ratio, which is lower than DIG's 0.95% expense ratio.
Dividends
BALQ vs. DIG - Dividend Comparison
BALQ's dividend yield for the trailing twelve months is around 6.12%, more than DIG's 1.58% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
BALQ iShares Nasdaq Premium Income Active ETF | 6.12% | 0.95% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
DIG ProShares Ultra Oil & Gas | 1.58% | 2.62% | 3.13% | 0.61% | 1.33% | 2.24% | 3.18% | 2.72% | 2.30% | 1.76% | 1.09% | 1.56% |
Frequently Asked Questions
BALQ and DIG have a correlation of -0.26, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, BALQ is cheaper at 0.35% per year. The better choice depends on whether you care most about return, fees, risk, or income.
BALQ is cheaper with a 0.35% expense ratio, compared with 0.95% for DIG.
BALQ has the higher dividend yield at 6.12%, compared with 1.58% for DIG.
BALQ is categorized as Nasdaq-100, while DIG is Leveraged Equities. They also come from different issuers: iShares and ProShares. Their fees differ too: 0.35% for BALQ and 0.95% for DIG.
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