BALQ vs. NJUL
BALQ (iShares Nasdaq Premium Income Active ETF) and NJUL (Innovator Nasdaq-100 Power Buffer ETF - July) are both Nasdaq-100 funds. BALQ is actively managed, while NJUL is passively managed. Their correlation of 0.88 suggests significant overlap in exposure. BALQ charges 0.35%/yr vs 0.79%/yr for NJUL.
Performance
BALQ vs. NJUL - Performance Comparison
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Returns By Period
In the year-to-date period, BALQ achieves a 17.54% return, which is significantly higher than NJUL's 4.63% return.
BALQ
- 1D
- -1.81%
- 1M
- -2.86%
- 6M
- 15.73%
- YTD
- 17.54%
- 1Y
- —
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
NJUL
- 1D
- -0.77%
- 1M
- -1.54%
- 6M
- 4.00%
- YTD
- 4.63%
- 1Y
- 11.05%
- 3Y*
- 13.34%
- 5Y*
- 10.51%
- 10Y*
- —
BALQ vs. NJUL - Yearly Performance Comparison
| 2026 (YTD) | 2025 | |
|---|---|---|
BALQ iShares Nasdaq Premium Income Active ETF | 17.54% | 0.04% |
NJUL Innovator Nasdaq-100 Power Buffer ETF - July | 4.63% | 0.50% |
Correlation
The correlation between BALQ and NJUL 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. NJUL — Risk / Return Rank
BALQ
Risk / return metrics aren't available yet — we need at least 12 months of trading data to calculate them.
NJUL
BALQ vs. NJUL - 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 - July (NJUL). 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 | NJUL | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | — | — | |
| Sortino ratioReturn per unit of downside risk | — | — | |
| Omega ratioGain probability vs. loss probability | — | 1.29 | — |
| Calmar ratioReturn relative to maximum drawdown | — | 2.25 | — |
| Martin ratioReturn relative to average drawdown | — | 11.17 | — |
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Drawdowns
BALQ vs. NJUL - Drawdown Comparison
The maximum BALQ drawdown since its inception was -11.79%, smaller than the maximum NJUL drawdown of -14.37%. Use the drawdown chart below to compare losses from any high point for BALQ and NJUL.
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Drawdown Indicators
| BALQ | NJUL | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -11.79% | -14.37% | +2.58% |
Max Drawdown (1Y)Largest decline over 1 year | — | -4.93% | — |
Max Drawdown (3Y)Largest decline over 3 years | — | -13.58% | — |
Max Drawdown (5Y)Largest decline over 5 years | — | -14.37% | — |
Current DrawdownCurrent decline from peak | -4.56% | -1.87% | -2.69% |
Average DrawdownAverage peak-to-trough decline | -2.47% | -2.28% | -0.19% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | — | 0.99% | — |
Volatility
BALQ vs. NJUL - Volatility Comparison
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Volatility by Period
| BALQ | NJUL | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | — | 2.53% | — |
Volatility (6M)Calculated over the trailing 6-month period | — | 5.72% | — |
Volatility (1Y)Calculated over the trailing 1-year period | 20.86% | 7.36% | +13.50% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 20.86% | 11.62% | +9.24% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 20.86% | 11.01% | +9.85% |
BALQ vs. NJUL - Expense Ratio Comparison
BALQ has a 0.35% expense ratio, which is lower than NJUL's 0.79% expense ratio.
Dividends
BALQ vs. NJUL - Dividend Comparison
BALQ's dividend yield for the trailing twelve months is around 6.12%, while NJUL has not paid dividends to shareholders.
| Position | TTM | 2025 |
|---|---|---|
BALQ iShares Nasdaq Premium Income Active ETF | 6.12% | 0.95% |
NJUL Innovator Nasdaq-100 Power Buffer ETF - July | 0.00% | 0.00% |
Frequently Asked Questions
BALQ and NJUL 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 NJUL.
BALQ has the higher dividend yield at 6.12%, compared with 0.00% for NJUL.
They also come from different issuers: iShares and Innovator. Their fees differ too: 0.35% for BALQ and 0.79% for NJUL.
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