BALQ vs. NAPR

Last updated Jun 4, 2026

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 0.86 suggests significant overlap in exposure. BALQ charges 0.35%/yr vs 0.79%/yr for NAPR.

Performance

BALQ vs. NAPR - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in iShares Nasdaq Premium Income Active ETF (BALQ) and Innovator Nasdaq-100 Power Buffer ETF - April (NAPR). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, BALQ achieves a 22.89% return, which is significantly higher than NAPR's 10.51% return.

BALQ

• 1D: -0.21%
• 1M: 11.15%
• YTD: 22.89%
• 6M: 22.29%
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —

NAPR

• 1D: -0.12%
• 1M: 2.09%
• YTD: 10.51%
• 6M: 11.15%
• 1Y: 18.45%
• 3Y*: 13.26%
• 5Y*: 10.10%
• 10Y*: —

*Multi-year figures are annualized to reflect compound growth (CAGR)

BALQ vs. NAPR - Yearly Performance Comparison

	2026 (YTD)	2025
BALQ iShares Nasdaq Premium Income Active ETF	22.89%	-0.49%
NAPR Innovator Nasdaq-100 Power Buffer ETF - April	10.51%	0.58%

Correlation

The correlation between BALQ and NAPR is 0.86, 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 4, 2025	0.86

Return for Risk

BALQ vs. NAPR — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.

NAPR

NAPR Risk / Return Rank: 98
NAPR Sharpe Ratio Rank: 97
NAPR Sortino Ratio Rank: 98
NAPR Omega Ratio Rank: 98
NAPR Calmar Ratio Rank: 98
NAPR Martin Ratio Rank: 98

The rank (0–100) shows how this investment's returns compare to the risk taken. Higher = better. Based on the past 12 months of data, combining Sharpe, Sortino, and other metrics used by quantitative funds and institutional investors.

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.

Risk / return metrics aren't available yet — we need at least 12 months of trading data to calculate them.

Sharpe Ratios by Period

	BALQ	NAPR	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	—	4.78	—
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	—	0.90	—
Sharpe Ratio (All Time) Calculated using the full available price history	2.81	1.07	+1.74

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.

Drawdown Indicators

	BALQ	NAPR	Difference
Max Drawdown Largest peak-to-trough decline	-11.79%	-16.53%	+4.74%
Max Drawdown (1Y) Largest decline over 1 year	—	-1.24%	—
Max Drawdown (3Y) Largest decline over 3 years	—	-14.52%	—
Max Drawdown (5Y) Largest decline over 5 years	—	-16.53%	—
Current Drawdown Current decline from peak	-0.21%	-0.12%	-0.09%
Average Drawdown Average peak-to-trough decline	-2.37%	-2.28%	-0.09%
Ulcer Index Depth and duration of drawdowns from previous peaks	—	0.22%	—

Volatility

Volatility by Period

	BALQ	NAPR	Difference
Volatility (1M) Calculated over the trailing 1-month period	—	1.10%	—
Volatility (6M) Calculated over the trailing 6-month period	—	2.82%	—
Volatility (1Y) Calculated over the trailing 1-year period	18.03%	3.89%	+14.14%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	18.03%	11.27%	+6.76%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	18.03%	10.61%	+7.42%

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 4.59%, while NAPR has not paid dividends to shareholders.

Position	TTM	2025
BALQ iShares Nasdaq Premium Income Active ETF	4.59%	0.95%
NAPR Innovator Nasdaq-100 Power Buffer ETF - April	0.00%	0.00%

Frequently Asked Questions

Can I hold both BALQ and NAPR in my portfolio?

BALQ and NAPR have a correlation of 0.86, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which ETF is better, BALQ or NAPR?

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.

Which ETF is cheaper, BALQ or NAPR?

BALQ is cheaper with a 0.35% expense ratio, compared with 0.79% for NAPR.

Which ETF pays a higher dividend yield, BALQ or NAPR?

BALQ has the higher dividend yield at 4.59%, compared with 0.00% for NAPR.

What is the main difference between BALQ and NAPR?

They also come from different issuers: iShares and Innovator. Their fees differ too: 0.35% for BALQ and 0.79% for NAPR.