BALQ vs. QDVO

Last updated Jun 24, 2026

BALQ (iShares Nasdaq Premium Income Active ETF) and QDVO (Amplify CWP Growth & Income ETF) are both exchange-traded funds - BALQ is a Nasdaq-100 fund actively managed by iShares, while QDVO is a Derivative Income fund actively managed by Amplify. Both are actively managed. Their correlation of 0.92 suggests significant overlap in exposure. BALQ charges 0.35%/yr vs 0.56%/yr for QDVO.

Performance

BALQ vs. QDVO - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in iShares Nasdaq Premium Income Active ETF (BALQ) and Amplify CWP Growth & Income ETF (QDVO). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, BALQ achieves a 18.59% return, which is significantly higher than QDVO's 5.51% return.

BALQ

• 1D: -3.11%
• 1M: -0.12%
• YTD: 18.59%
• 6M: 17.39%
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —

QDVO

• 1D: -1.31%
• 1M: -3.62%
• YTD: 5.51%
• 6M: 4.58%
• 1Y: 21.13%
• 3Y*: —
• 5Y*: —
• 10Y*: —

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

BALQ vs. QDVO - Yearly Performance Comparison

	2026 (YTD)	2025
BALQ iShares Nasdaq Premium Income Active ETF	18.59%	0.04%
QDVO Amplify CWP Growth & Income ETF	5.51%	-0.31%

Correlation

The correlation between BALQ and QDVO is 0.92, 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	0.92

Return for Risk

BALQ vs. QDVO — Risk / Return Rank

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

BALQ

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

QDVO

QDVO Risk / Return Rank: 48
QDVO Sharpe Ratio Rank: 50
QDVO Sortino Ratio Rank: 48
QDVO Omega Ratio Rank: 48
QDVO Calmar Ratio Rank: 43
QDVO Martin Ratio Rank: 49

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. QDVO - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for iShares Nasdaq Premium Income Active ETF (BALQ) and Amplify CWP Growth & Income ETF (QDVO). 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	QDVO	Difference
Sharpe ratio: Return per unit of total volatility	—	1.68	—
Sortino ratio: Return per unit of downside risk	—	2.31	—
Omega ratio: Gain probability vs. loss probability	—	1.30	—
Calmar ratio: Return relative to maximum drawdown	—	2.08	—
Martin ratio: Return relative to average drawdown	—	8.08	—

Drawdowns

BALQ vs. QDVO - Drawdown Comparison

The maximum BALQ drawdown since its inception was -11.79%, smaller than the maximum QDVO drawdown of -17.75%. Use the drawdown chart below to compare losses from any high point for BALQ and QDVO.

Drawdown Indicators

	BALQ	QDVO	Difference
Max Drawdown Largest peak-to-trough decline	-11.79%	-17.75%	+5.96%
Max Drawdown (1Y) Largest decline over 1 year	—	-10.21%	—
Current Drawdown Current decline from peak	-3.71%	-4.81%	+1.10%
Average Drawdown Average peak-to-trough decline	-2.40%	-2.41%	+0.01%
Ulcer Index Depth and duration of drawdowns from previous peaks	—	2.62%	—

Volatility

Volatility by Period

	BALQ	QDVO	Difference
Volatility (1M) Calculated over the trailing 1-month period	—	4.47%	—
Volatility (6M) Calculated over the trailing 6-month period	—	9.59%	—
Volatility (1Y) Calculated over the trailing 1-year period	20.62%	12.69%	+7.93%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	20.62%	17.54%	+3.08%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	20.62%	17.54%	+3.08%

BALQ vs. QDVO - Expense Ratio Comparison

BALQ has a 0.35% expense ratio, which is lower than QDVO's 0.56% expense ratio.

Dividends

BALQ vs. QDVO - Dividend Comparison

BALQ's dividend yield for the trailing twelve months is around 4.76%, less than QDVO's 10.53% yield.

Position	TTM	2025	2024
BALQ iShares Nasdaq Premium Income Active ETF	4.76%	0.95%	0.00%
QDVO Amplify CWP Growth & Income ETF	10.53%	9.92%	2.79%

Frequently Asked Questions

Can I hold both BALQ and QDVO in my portfolio?

With a correlation of 0.92, BALQ and QDVO 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.

Which ETF is better, BALQ or QDVO?

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 QDVO?

BALQ is cheaper with a 0.35% expense ratio, compared with 0.56% for QDVO.

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

QDVO has the higher dividend yield at 10.53%, compared with 4.76% for BALQ.

What is the main difference between BALQ and QDVO?

BALQ is categorized as Nasdaq-100, while QDVO is Derivative Income. They also come from different issuers: iShares and Amplify. Their fees differ too: 0.35% for BALQ and 0.56% for QDVO.