BALQ vs. FYEE
Compare and contrast key facts about iShares Nasdaq Premium Income Active ETF (BALQ) and Fidelity Yield Enhanced Equity ETF (FYEE).
BALQ and FYEE are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. BALQ is an actively managed fund by iShares. It was launched on Dec 2, 2025. FYEE is an actively managed fund by Fidelity. It was launched on Apr 9, 2024.
Performance
BALQ vs. FYEE - Performance Comparison
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BALQ vs. FYEE - Yearly Performance Comparison
| 2026 (YTD) | 2025 | |
|---|---|---|
BALQ iShares Nasdaq Premium Income Active ETF | -4.98% | -0.49% |
FYEE Fidelity Yield Enhanced Equity ETF | -2.56% | 1.39% |
Returns By Period
In the year-to-date period, BALQ achieves a -4.98% return, which is significantly lower than FYEE's -2.56% return.
BALQ
- 1D
- 3.62%
- 1M
- -4.81%
- YTD
- -4.98%
- 6M
- —
- 1Y
- —
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
FYEE
- 1D
- 2.88%
- 1M
- -3.70%
- YTD
- -2.56%
- 6M
- 1.84%
- 1Y
- 17.08%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
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BALQ vs. FYEE - Expense Ratio Comparison
BALQ has a 0.35% expense ratio, which is higher than FYEE's 0.28% expense ratio.
Return for Risk
BALQ vs. FYEE — Risk / Return Rank
BALQ
FYEE
BALQ vs. FYEE - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for iShares Nasdaq Premium Income Active ETF (BALQ) and Fidelity Yield Enhanced Equity ETF (FYEE). 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.
Risk / return metrics aren't available yet — we need at least 12 months of trading data to calculate them.
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Sharpe Ratios by Period
| BALQ | FYEE | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | — | 1.08 | — |
Sharpe Ratio (All Time)Calculated using the full available price history | -0.89 | 0.93 | -1.82 |
Correlation
The correlation between BALQ and FYEE is 0.94, which is considered to be high. That indicates a strong positive relationship between their price movements. Having highly-correlated positions in a portfolio may signal a lack of diversification, potentially leading to increased risk during market downturns.
Dividends
BALQ vs. FYEE - Dividend Comparison
BALQ's dividend yield for the trailing twelve months is around 2.71%, less than FYEE's 8.31% yield.
| TTM | 2025 | 2024 | |
|---|---|---|---|
BALQ iShares Nasdaq Premium Income Active ETF | 2.71% | 0.95% | 0.00% |
FYEE Fidelity Yield Enhanced Equity ETF | 8.31% | 7.08% | 5.45% |
Drawdowns
BALQ vs. FYEE - Drawdown Comparison
The maximum BALQ drawdown since its inception was -11.79%, smaller than the maximum FYEE drawdown of -18.79%. Use the drawdown chart below to compare losses from any high point for BALQ and FYEE.
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Drawdown Indicators
| BALQ | FYEE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -11.79% | -18.79% | +7.00% |
Max Drawdown (1Y)Largest decline over 1 year | — | -11.60% | — |
Current DrawdownCurrent decline from peak | -8.60% | -4.72% | -3.88% |
Average DrawdownAverage peak-to-trough decline | -3.03% | -2.40% | -0.63% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | — | 2.20% | — |
Volatility
BALQ vs. FYEE - Volatility Comparison
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Volatility by Period
| BALQ | FYEE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | — | 4.92% | — |
Volatility (6M)Calculated over the trailing 6-month period | — | 8.48% | — |
Volatility (1Y)Calculated over the trailing 1-year period | 18.38% | 15.89% | +2.49% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 18.38% | 14.32% | +4.06% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 18.38% | 14.32% | +4.06% |