BALQ vs. ERX
BALQ (iShares Nasdaq Premium Income Active ETF) and ERX (Direxion Daily Energy Bull 2X Shares) are both exchange-traded funds - BALQ is a Nasdaq-100 fund actively managed by iShares, while ERX is a Leveraged Equities fund tracking the Energy Select Sector Index (300%). BALQ is actively managed, while ERX is passively managed. At a correlation of -0.26, they often move in opposite directions. BALQ charges 0.35%/yr vs 1.09%/yr for ERX.
Performance
BALQ vs. ERX - 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 ERX's 57.54% return.
BALQ
- 1D
- -1.81%
- 1M
- -2.86%
- 6M
- 15.73%
- YTD
- 17.54%
- 1Y
- —
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
ERX
- 1D
- 1.76%
- 1M
- 6.94%
- 6M
- 39.75%
- YTD
- 57.54%
- 1Y
- 68.66%
- 3Y*
- 19.68%
- 5Y*
- 34.10%
- 10Y*
- -10.35%
BALQ vs. ERX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | |
|---|---|---|
BALQ iShares Nasdaq Premium Income Active ETF | 17.54% | 0.04% |
ERX Direxion Daily Energy Bull 2X Shares | 57.54% | -0.69% |
Correlation
The correlation between BALQ and ERX 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. ERX — Risk / Return Rank
BALQ
Risk / return metrics aren't available yet — we need at least 12 months of trading data to calculate them.
ERX
BALQ vs. ERX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for iShares Nasdaq Premium Income Active ETF (BALQ) and Direxion Daily Energy Bull 2X Shares (ERX). 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 | ERX | 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 | — | 5.95 | — |
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Drawdowns
BALQ vs. ERX - Drawdown Comparison
The maximum BALQ drawdown since its inception was -11.79%, smaller than the maximum ERX drawdown of -99.54%. Use the drawdown chart below to compare losses from any high point for BALQ and ERX.
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Drawdown Indicators
| BALQ | ERX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -11.79% | -99.54% | +87.75% |
Max Drawdown (1Y)Largest decline over 1 year | — | -29.97% | — |
Max Drawdown (3Y)Largest decline over 3 years | — | -42.34% | — |
Max Drawdown (5Y)Largest decline over 5 years | — | -46.90% | — |
Max Drawdown (10Y)Largest decline over 10 years | — | -98.59% | — |
Current DrawdownCurrent decline from peak | -4.56% | -92.05% | +87.49% |
Average DrawdownAverage peak-to-trough decline | -2.47% | -67.18% | +64.71% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | — | 11.57% | — |
Volatility
BALQ vs. ERX - Volatility Comparison
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Volatility by Period
| BALQ | ERX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | — | 12.31% | — |
Volatility (6M)Calculated over the trailing 6-month period | — | 33.63% | — |
Volatility (1Y)Calculated over the trailing 1-year period | 20.86% | 42.09% | -21.23% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 20.86% | 51.72% | -30.86% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 20.86% | 68.92% | -48.06% |
BALQ vs. ERX - Expense Ratio Comparison
BALQ has a 0.35% expense ratio, which is lower than ERX's 1.09% expense ratio.
Dividends
BALQ vs. ERX - Dividend Comparison
BALQ's dividend yield for the trailing twelve months is around 6.12%, more than ERX's 1.62% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 |
|---|---|---|---|---|---|---|---|---|---|---|
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% |
ERX Direxion Daily Energy Bull 2X Shares | 1.62% | 2.54% | 2.94% | 3.17% | 2.23% | 2.16% | 2.35% | 1.56% | 3.10% | 0.85% |
Frequently Asked Questions
BALQ and ERX 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 1.09% for ERX.
BALQ has the higher dividend yield at 6.12%, compared with 1.62% for ERX.
BALQ is categorized as Nasdaq-100, while ERX is Leveraged Equities. They also come from different issuers: iShares and Direxion. Their fees differ too: 0.35% for BALQ and 1.09% for ERX.
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