BALQ vs. HEQQ
BALQ (iShares Nasdaq Premium Income Active ETF) and HEQQ (JPMorgan Nasdaq Hedged Equity Laddered Overlay ETF) are both Nasdaq-100 funds. Their correlation of 0.91 suggests significant overlap in exposure. BALQ charges 0.35%/yr vs 0.50%/yr for HEQQ.
Performance
BALQ vs. HEQQ - 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 HEQQ's 4.13% return.
BALQ
- 1D
- -3.11%
- 1M
- -0.12%
- YTD
- 18.59%
- 6M
- 17.39%
- 1Y
- —
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
HEQQ
- 1D
- -0.72%
- 1M
- 0.10%
- YTD
- 4.13%
- 6M
- 3.27%
- 1Y
- 14.98%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
BALQ vs. HEQQ - Yearly Performance Comparison
| 2026 (YTD) | 2025 | |
|---|---|---|
BALQ iShares Nasdaq Premium Income Active ETF | 18.59% | 0.04% |
HEQQ JPMorgan Nasdaq Hedged Equity Laddered Overlay ETF | 4.13% | -0.25% |
Correlation
The correlation between BALQ and HEQQ is 0.91, indicating a strong positive relationship between their price movements. Combining them offers limited diversification - they tend to fall together during downturns.
| Correlation | |
|---|---|
Correlation (All Time) Calculated using the full available price history since Dec 3, 2025 | 0.91 |
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Return for Risk
BALQ vs. HEQQ — Risk / Return Rank
BALQ
Risk / return metrics aren't available yet — we need at least 12 months of trading data to calculate them.
HEQQ
BALQ vs. HEQQ - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for iShares Nasdaq Premium Income Active ETF (BALQ) and JPMorgan Nasdaq Hedged Equity Laddered Overlay ETF (HEQQ). 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 | HEQQ | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | — | — | |
| Sortino ratioReturn per unit of downside risk | — | — | |
| Omega ratioGain probability vs. loss probability | — | 1.34 | — |
| Calmar ratioReturn relative to maximum drawdown | — | 1.97 | — |
| Martin ratioReturn relative to average drawdown | — | 7.67 | — |
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Drawdowns
BALQ vs. HEQQ - Drawdown Comparison
The maximum BALQ drawdown since its inception was -11.79%, which is greater than HEQQ's maximum drawdown of -7.64%. Use the drawdown chart below to compare losses from any high point for BALQ and HEQQ.
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Drawdown Indicators
| BALQ | HEQQ | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -11.79% | -7.64% | -4.15% |
Max Drawdown (1Y)Largest decline over 1 year | — | -7.64% | — |
Current DrawdownCurrent decline from peak | -3.71% | -1.06% | -2.65% |
Average DrawdownAverage peak-to-trough decline | -2.40% | -1.13% | -1.27% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | — | 1.96% | — |
Volatility
BALQ vs. HEQQ - Volatility Comparison
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Volatility by Period
| BALQ | HEQQ | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | — | 2.64% | — |
Volatility (6M)Calculated over the trailing 6-month period | — | 6.71% | — |
Volatility (1Y)Calculated over the trailing 1-year period | 20.62% | 8.44% | +12.18% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 20.62% | 10.87% | +9.75% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 20.62% | 10.87% | +9.75% |
BALQ vs. HEQQ - Expense Ratio Comparison
BALQ has a 0.35% expense ratio, which is lower than HEQQ's 0.50% expense ratio.
Dividends
BALQ vs. HEQQ - Dividend Comparison
BALQ's dividend yield for the trailing twelve months is around 4.76%, more than HEQQ's 0.19% yield.
| Position | TTM | 2025 |
|---|---|---|
BALQ iShares Nasdaq Premium Income Active ETF | 4.76% | 0.95% |
HEQQ JPMorgan Nasdaq Hedged Equity Laddered Overlay ETF | 0.19% | 0.19% |
Frequently Asked Questions
With a correlation of 0.91, BALQ and HEQQ 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, 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 0.50% for HEQQ.
BALQ has the higher dividend yield at 4.76%, compared with 0.19% for HEQQ.
They also come from different issuers: iShares and JPMorgan. Their fees differ too: 0.35% for BALQ and 0.50% for HEQQ.
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