BALQ vs. QQMG
BALQ (iShares Nasdaq Premium Income Active ETF) and QQMG (Invesco ESG NASDAQ 100 ETF) are both Nasdaq-100 funds. BALQ is actively managed, while QQMG is passively managed. With a 0.99 correlation, they move nearly in lockstep. BALQ charges 0.35%/yr vs 0.20%/yr for QQMG.
Performance
BALQ vs. QQMG - 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 QQMG's 17.04% return.
BALQ
- 1D
- -3.11%
- 1M
- -0.12%
- YTD
- 18.59%
- 6M
- 17.39%
- 1Y
- —
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
QQMG
- 1D
- -3.20%
- 1M
- -0.36%
- YTD
- 17.04%
- 6M
- 15.58%
- 1Y
- 37.07%
- 3Y*
- 27.06%
- 5Y*
- —
- 10Y*
- —
BALQ vs. QQMG - Yearly Performance Comparison
| 2026 (YTD) | 2025 | |
|---|---|---|
BALQ iShares Nasdaq Premium Income Active ETF | 18.59% | 0.04% |
QQMG Invesco ESG NASDAQ 100 ETF | 17.04% | -0.94% |
Correlation
The correlation between BALQ and QQMG is 0.99 - these two move nearly in lockstep. At this level, holding both provides almost no diversification benefit. If you already own one, adding the other does little to reduce portfolio risk.
| Correlation | |
|---|---|
Correlation (All Time) Calculated using the full available price history since Dec 3, 2025 | 0.99 |
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Return for Risk
BALQ vs. QQMG — Risk / Return Rank
BALQ
Risk / return metrics aren't available yet — we need at least 12 months of trading data to calculate them.
QQMG
BALQ vs. QQMG - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for iShares Nasdaq Premium Income Active ETF (BALQ) and Invesco ESG NASDAQ 100 ETF (QQMG). 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 | QQMG | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | — | — | |
| Sortino ratioReturn per unit of downside risk | — | — | |
| Omega ratioGain probability vs. loss probability | — | 1.34 | — |
| Calmar ratioReturn relative to maximum drawdown | — | 2.94 | — |
| Martin ratioReturn relative to average drawdown | — | 10.60 | — |
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Drawdowns
BALQ vs. QQMG - Drawdown Comparison
The maximum BALQ drawdown since its inception was -11.79%, smaller than the maximum QQMG drawdown of -35.43%. Use the drawdown chart below to compare losses from any high point for BALQ and QQMG.
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Drawdown Indicators
| BALQ | QQMG | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -11.79% | -35.43% | +23.64% |
Max Drawdown (1Y)Largest decline over 1 year | — | -12.67% | — |
Max Drawdown (3Y)Largest decline over 3 years | — | -22.79% | — |
Current DrawdownCurrent decline from peak | -3.71% | -4.36% | +0.65% |
Average DrawdownAverage peak-to-trough decline | -2.40% | -9.53% | +7.13% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | — | 3.51% | — |
Volatility
BALQ vs. QQMG - Volatility Comparison
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Volatility by Period
| BALQ | QQMG | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | — | 9.05% | — |
Volatility (6M)Calculated over the trailing 6-month period | — | 15.10% | — |
Volatility (1Y)Calculated over the trailing 1-year period | 20.62% | 18.67% | +1.95% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 20.62% | 23.79% | -3.17% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 20.62% | 23.79% | -3.17% |
BALQ vs. QQMG - Expense Ratio Comparison
BALQ has a 0.35% expense ratio, which is higher than QQMG's 0.20% expense ratio.
Dividends
BALQ vs. QQMG - Dividend Comparison
BALQ's dividend yield for the trailing twelve months is around 4.76%, more than QQMG's 0.37% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 |
|---|---|---|---|---|---|---|
BALQ iShares Nasdaq Premium Income Active ETF | 4.76% | 0.95% | 0.00% | 0.00% | 0.00% | 0.00% |
QQMG Invesco ESG NASDAQ 100 ETF | 0.37% | 0.41% | 0.50% | 0.60% | 0.82% | 0.08% |
Frequently Asked Questions
With a correlation of 0.99, BALQ and QQMG 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, QQMG is cheaper at 0.20% per year. The better choice depends on whether you care most about return, fees, risk, or income.
QQMG is cheaper with a 0.20% expense ratio, compared with 0.35% for BALQ.
BALQ has the higher dividend yield at 4.76%, compared with 0.37% for QQMG.
They also come from different issuers: iShares and Invesco. Their fees differ too: 0.35% for BALQ and 0.20% for QQMG.
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