BALQ vs. IVV
BALQ (iShares Nasdaq Premium Income Active ETF) and IVV (iShares Core S&P 500 ETF) are both exchange-traded funds - BALQ is a Nasdaq-100 fund actively managed by iShares, while IVV is a S&P 500 fund tracking the S&P 500 Index. BALQ is actively managed, while IVV is passively managed. Their correlation of 0.95 suggests significant overlap in exposure. BALQ charges 0.35%/yr vs 0.03%/yr for IVV.
Performance
BALQ vs. IVV - 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 IVV's 8.20% return.
BALQ
- 1D
- -3.11%
- 1M
- -0.12%
- YTD
- 18.59%
- 6M
- 17.39%
- 1Y
- —
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
IVV
- 1D
- -1.42%
- 1M
- -1.34%
- YTD
- 8.20%
- 6M
- 7.25%
- 1Y
- 23.72%
- 3Y*
- 20.79%
- 5Y*
- 13.13%
- 10Y*
- 15.58%
BALQ vs. IVV - Yearly Performance Comparison
| 2026 (YTD) | 2025 | |
|---|---|---|
BALQ iShares Nasdaq Premium Income Active ETF | 18.59% | 0.04% |
IVV iShares Core S&P 500 ETF | 8.20% | 0.37% |
Correlation
The correlation between BALQ and IVV is 0.95, 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 | 0.95 |
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Return for Risk
BALQ vs. IVV — Risk / Return Rank
BALQ
Risk / return metrics aren't available yet — we need at least 12 months of trading data to calculate them.
IVV
BALQ vs. IVV - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for iShares Nasdaq Premium Income Active ETF (BALQ) and iShares Core S&P 500 ETF (IVV). 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 | IVV | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | — | — | |
| Sortino ratioReturn per unit of downside risk | — | — | |
| Omega ratioGain probability vs. loss probability | — | 1.35 | — |
| Calmar ratioReturn relative to maximum drawdown | — | 2.68 | — |
| Martin ratioReturn relative to average drawdown | — | 11.98 | — |
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Drawdowns
BALQ vs. IVV - Drawdown Comparison
The maximum BALQ drawdown since its inception was -11.79%, smaller than the maximum IVV drawdown of -55.25%. Use the drawdown chart below to compare losses from any high point for BALQ and IVV.
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Drawdown Indicators
| BALQ | IVV | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -11.79% | -55.25% | +43.46% |
Max Drawdown (1Y)Largest decline over 1 year | — | -8.89% | — |
Max Drawdown (3Y)Largest decline over 3 years | — | -18.75% | — |
Max Drawdown (5Y)Largest decline over 5 years | — | -24.53% | — |
Max Drawdown (10Y)Largest decline over 10 years | — | -33.90% | — |
Current DrawdownCurrent decline from peak | -3.71% | -3.14% | -0.57% |
Average DrawdownAverage peak-to-trough decline | -2.40% | -10.76% | +8.36% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | — | 1.99% | — |
Volatility
BALQ vs. IVV - Volatility Comparison
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Volatility by Period
| BALQ | IVV | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | — | 4.88% | — |
Volatility (6M)Calculated over the trailing 6-month period | — | 9.85% | — |
Volatility (1Y)Calculated over the trailing 1-year period | 20.62% | 12.48% | +8.14% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 20.62% | 16.98% | +3.64% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 20.62% | 18.07% | +2.55% |
BALQ vs. IVV - Expense Ratio Comparison
BALQ has a 0.35% expense ratio, which is higher than IVV's 0.03% expense ratio.
Dividends
BALQ vs. IVV - Dividend Comparison
BALQ's dividend yield for the trailing twelve months is around 4.76%, more than IVV's 1.11% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
BALQ iShares Nasdaq Premium Income Active ETF | 4.76% | 0.95% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
IVV iShares Core S&P 500 ETF | 1.11% | 1.17% | 1.30% | 1.44% | 1.66% | 1.20% | 1.57% | 1.85% | 2.21% | 1.75% | 2.01% | 2.27% |
Frequently Asked Questions
With a correlation of 0.95, BALQ and IVV 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, IVV is cheaper at 0.03% per year. The better choice depends on whether you care most about return, fees, risk, or income.
IVV is cheaper with a 0.03% expense ratio, compared with 0.35% for BALQ.
BALQ has the higher dividend yield at 4.76%, compared with 1.11% for IVV.
BALQ is categorized as Nasdaq-100, while IVV is S&P 500. Their fees differ too: 0.35% for BALQ and 0.03% for IVV.
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