BALQ vs. GPIQ
BALQ (iShares Nasdaq Premium Income Active ETF) and GPIQ (Goldman Sachs Nasdaq-100 Core Premium Income ETF) are both Nasdaq-100 funds. Both are actively managed. With a 0.99 correlation, they move nearly in lockstep. BALQ charges 0.35%/yr vs 0.29%/yr for GPIQ.
Performance
BALQ vs. GPIQ - Performance Comparison
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Returns By Period
In the year-to-date period, BALQ achieves a 18.59% return, which is significantly higher than GPIQ's 14.86% return.
BALQ
- 1D
- -3.11%
- 1M
- -0.12%
- YTD
- 18.59%
- 6M
- 17.39%
- 1Y
- —
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
GPIQ
- 1D
- -2.96%
- 1M
- -0.00%
- YTD
- 14.86%
- 6M
- 13.78%
- 1Y
- 32.06%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
BALQ vs. GPIQ - Yearly Performance Comparison
| 2026 (YTD) | 2025 | |
|---|---|---|
BALQ iShares Nasdaq Premium Income Active ETF | 18.59% | 0.04% |
GPIQ Goldman Sachs Nasdaq-100 Core Premium Income ETF | 14.86% | -0.36% |
Correlation
The correlation between BALQ and GPIQ is 0.99 - these two move nearly in lockstep. At this level, holding both provides almost no diversification benefit. If you already own one, adding the other does little to reduce portfolio risk.
| Correlation | |
|---|---|
Correlation (All Time) Calculated using the full available price history since Dec 3, 2025 | 0.99 |
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Return for Risk
BALQ vs. GPIQ — Risk / Return Rank
BALQ
Risk / return metrics aren't available yet — we need at least 12 months of trading data to calculate them.
GPIQ
BALQ vs. GPIQ - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for iShares Nasdaq Premium Income Active ETF (BALQ) and Goldman Sachs Nasdaq-100 Core Premium Income ETF (GPIQ). 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 | GPIQ | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | — | — | |
| Sortino ratioReturn per unit of downside risk | — | — | |
| Omega ratioGain probability vs. loss probability | — | 1.39 | — |
| Calmar ratioReturn relative to maximum drawdown | — | 3.38 | — |
| Martin ratioReturn relative to average drawdown | — | 14.28 | — |
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Drawdowns
BALQ vs. GPIQ - Drawdown Comparison
The maximum BALQ drawdown since its inception was -11.79%, smaller than the maximum GPIQ drawdown of -21.06%. Use the drawdown chart below to compare losses from any high point for BALQ and GPIQ.
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Drawdown Indicators
| BALQ | GPIQ | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -11.79% | -21.06% | +9.27% |
Max Drawdown (1Y)Largest decline over 1 year | — | -9.51% | — |
Current DrawdownCurrent decline from peak | -3.71% | -3.21% | -0.50% |
Average DrawdownAverage peak-to-trough decline | -2.40% | -2.27% | -0.13% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | — | 2.25% | — |
Volatility
BALQ vs. GPIQ - Volatility Comparison
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Volatility by Period
| BALQ | GPIQ | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | — | 7.78% | — |
Volatility (6M)Calculated over the trailing 6-month period | — | 12.52% | — |
Volatility (1Y)Calculated over the trailing 1-year period | 20.62% | 15.17% | +5.45% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 20.62% | 17.88% | +2.74% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 20.62% | 17.88% | +2.74% |
BALQ vs. GPIQ - Expense Ratio Comparison
BALQ has a 0.35% expense ratio, which is higher than GPIQ's 0.29% expense ratio.
Dividends
BALQ vs. GPIQ - Dividend Comparison
BALQ's dividend yield for the trailing twelve months is around 4.76%, less than GPIQ's 9.60% yield.
| Position | TTM | 2025 | 2024 | 2023 |
|---|---|---|---|---|
BALQ iShares Nasdaq Premium Income Active ETF | 4.76% | 0.95% | 0.00% | 0.00% |
GPIQ Goldman Sachs Nasdaq-100 Core Premium Income ETF | 9.60% | 9.81% | 9.18% | 1.74% |
Frequently Asked Questions
With a correlation of 0.99, BALQ and GPIQ move almost identically. Holding both adds very little diversification - you're essentially doubling your position in the same market segment. Choosing one is usually more capital-efficient.
On fees, GPIQ is cheaper at 0.29% per year. The better choice depends on whether you care most about return, fees, risk, or income.
GPIQ is cheaper with a 0.29% expense ratio, compared with 0.35% for BALQ.
GPIQ has the higher dividend yield at 9.60%, compared with 4.76% for BALQ.
They also come from different issuers: iShares and Goldman Sachs. Their fees differ too: 0.35% for BALQ and 0.29% for GPIQ.
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