BALQ vs. QQQI
Compare and contrast key facts about iShares Nasdaq Premium Income Active ETF (BALQ) and NEOS Nasdaq-100 High Income ETF (QQQI).
BALQ and QQQI are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. BALQ is an actively managed fund by iShares. It was launched on Dec 2, 2025. QQQI is an actively managed fund by Neos. It was launched on Jan 29, 2024.
Performance
BALQ vs. QQQI - Performance Comparison
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BALQ vs. QQQI - Yearly Performance Comparison
| 2026 (YTD) | 2025 | |
|---|---|---|
BALQ iShares Nasdaq Premium Income Active ETF | -3.62% | -0.49% |
QQQI NEOS Nasdaq-100 High Income ETF | -3.45% | -0.45% |
Returns By Period
The year-to-date returns for both investments are quite close, with BALQ having a -3.62% return and QQQI slightly higher at -3.45%.
BALQ
- 1D
- 1.44%
- 1M
- -3.81%
- YTD
- -3.62%
- 6M
- —
- 1Y
- —
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
QQQI
- 1D
- 1.01%
- 1M
- -3.20%
- YTD
- -3.45%
- 6M
- -0.97%
- 1Y
- 21.32%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
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BALQ vs. QQQI - Expense Ratio Comparison
BALQ has a 0.35% expense ratio, which is lower than QQQI's 0.68% expense ratio.
Return for Risk
BALQ vs. QQQI — Risk / Return Rank
BALQ
QQQI
BALQ vs. QQQI - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for iShares Nasdaq Premium Income Active ETF (BALQ) and NEOS Nasdaq-100 High Income ETF (QQQI). 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.
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Sharpe Ratios by Period
| BALQ | QQQI | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | — | 1.09 | — |
Sharpe Ratio (All Time)Calculated using the full available price history | -0.66 | 0.90 | -1.57 |
Correlation
The correlation between BALQ and QQQI is 0.99, which is considered to be high. That indicates a strong positive relationship between their price movements. Having highly-correlated positions in a portfolio may signal a lack of diversification, potentially leading to increased risk during market downturns.
Dividends
BALQ vs. QQQI - Dividend Comparison
BALQ's dividend yield for the trailing twelve months is around 3.90%, less than QQQI's 14.90% yield.
| TTM | 2025 | 2024 | |
|---|---|---|---|
BALQ iShares Nasdaq Premium Income Active ETF | 3.90% | 0.95% | 0.00% |
QQQI NEOS Nasdaq-100 High Income ETF | 14.90% | 13.82% | 12.85% |
Drawdowns
BALQ vs. QQQI - Drawdown Comparison
The maximum BALQ drawdown since its inception was -11.79%, smaller than the maximum QQQI drawdown of -20.00%. Use the drawdown chart below to compare losses from any high point for BALQ and QQQI.
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Drawdown Indicators
| BALQ | QQQI | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -11.79% | -20.00% | +8.21% |
Max Drawdown (1Y)Largest decline over 1 year | — | -11.46% | — |
Current DrawdownCurrent decline from peak | -7.28% | -5.72% | -1.56% |
Average DrawdownAverage peak-to-trough decline | -3.08% | -2.31% | -0.77% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | — | 2.54% | — |
Volatility
BALQ vs. QQQI - Volatility Comparison
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Volatility by Period
| BALQ | QQQI | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | — | 6.18% | — |
Volatility (6M)Calculated over the trailing 6-month period | — | 11.23% | — |
Volatility (1Y)Calculated over the trailing 1-year period | 18.46% | 19.72% | -1.26% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 18.46% | 17.48% | +0.98% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 18.46% | 17.48% | +0.98% |