BALQ vs. NAPR
BALQ (iShares Nasdaq Premium Income Active ETF) and NAPR (Innovator Nasdaq-100 Power Buffer ETF - April) are both Nasdaq-100 funds. BALQ is actively managed, while NAPR is passively managed. Their correlation of 0.88 suggests significant overlap in exposure. BALQ charges 0.35%/yr vs 0.79%/yr for NAPR.
Performance
BALQ vs. NAPR - 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 NAPR's 9.27% return.
BALQ
- 1D
- -3.11%
- 1M
- -0.12%
- YTD
- 18.59%
- 6M
- 17.39%
- 1Y
- —
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
NAPR
- 1D
- -0.82%
- 1M
- -0.61%
- YTD
- 9.27%
- 6M
- 9.31%
- 1Y
- 16.17%
- 3Y*
- 12.30%
- 5Y*
- 9.49%
- 10Y*
- —
BALQ vs. NAPR - Yearly Performance Comparison
| 2026 (YTD) | 2025 | |
|---|---|---|
BALQ iShares Nasdaq Premium Income Active ETF | 18.59% | 0.04% |
NAPR Innovator Nasdaq-100 Power Buffer ETF - April | 9.27% | 0.73% |
Correlation
The correlation between BALQ and NAPR is 0.88, 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 | 0.88 |
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Return for Risk
BALQ vs. NAPR — Risk / Return Rank
BALQ
Risk / return metrics aren't available yet — we need at least 12 months of trading data to calculate them.
NAPR
BALQ vs. NAPR - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for iShares Nasdaq Premium Income Active ETF (BALQ) and Innovator Nasdaq-100 Power Buffer ETF - April (NAPR). 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 | NAPR | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | — | — | |
| Sortino ratioReturn per unit of downside risk | — | — | |
| Omega ratioGain probability vs. loss probability | — | 1.89 | — |
| Calmar ratioReturn relative to maximum drawdown | — | 9.08 | — |
| Martin ratioReturn relative to average drawdown | — | 53.80 | — |
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Drawdowns
BALQ vs. NAPR - Drawdown Comparison
The maximum BALQ drawdown since its inception was -11.79%, smaller than the maximum NAPR drawdown of -16.53%. Use the drawdown chart below to compare losses from any high point for BALQ and NAPR.
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Drawdown Indicators
| BALQ | NAPR | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -11.79% | -16.53% | +4.74% |
Max Drawdown (1Y)Largest decline over 1 year | — | -1.79% | — |
Max Drawdown (3Y)Largest decline over 3 years | — | -14.52% | — |
Max Drawdown (5Y)Largest decline over 5 years | — | -16.53% | — |
Current DrawdownCurrent decline from peak | -3.71% | -1.24% | -2.47% |
Average DrawdownAverage peak-to-trough decline | -2.40% | -2.26% | -0.14% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | — | 0.30% | — |
Volatility
BALQ vs. NAPR - Volatility Comparison
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Volatility by Period
| BALQ | NAPR | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | — | 2.27% | — |
Volatility (6M)Calculated over the trailing 6-month period | — | 3.55% | — |
Volatility (1Y)Calculated over the trailing 1-year period | 20.62% | 4.34% | +16.28% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 20.62% | 11.31% | +9.31% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 20.62% | 10.60% | +10.02% |
BALQ vs. NAPR - Expense Ratio Comparison
BALQ has a 0.35% expense ratio, which is lower than NAPR's 0.79% expense ratio.
Dividends
BALQ vs. NAPR - Dividend Comparison
BALQ's dividend yield for the trailing twelve months is around 4.76%, while NAPR has not paid dividends to shareholders.
| Position | TTM | 2025 |
|---|---|---|
BALQ iShares Nasdaq Premium Income Active ETF | 4.76% | 0.95% |
NAPR Innovator Nasdaq-100 Power Buffer ETF - April | 0.00% | 0.00% |
Frequently Asked Questions
BALQ and NAPR have a correlation of 0.88, 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 0.79% for NAPR.
BALQ has the higher dividend yield at 4.76%, compared with 0.00% for NAPR.
They also come from different issuers: iShares and Innovator. Their fees differ too: 0.35% for BALQ and 0.79% for NAPR.
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