BALQ vs. QRMI
BALQ (iShares Nasdaq Premium Income Active ETF) and QRMI (Global X NASDAQ 100 Risk Managed Income ETF) are both Nasdaq-100 funds. Both are actively managed. Their correlation of 0.86 suggests significant overlap in exposure. BALQ charges 0.35%/yr vs 0.60%/yr for QRMI.
Performance
BALQ vs. QRMI - 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 QRMI's 2.46% return.
BALQ
- 1D
- -3.11%
- 1M
- -0.12%
- YTD
- 18.59%
- 6M
- 17.39%
- 1Y
- —
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
QRMI
- 1D
- -0.85%
- 1M
- 0.75%
- YTD
- 2.46%
- 6M
- 2.38%
- 1Y
- 9.91%
- 3Y*
- 7.36%
- 5Y*
- —
- 10Y*
- —
BALQ vs. QRMI - Yearly Performance Comparison
| 2026 (YTD) | 2025 | |
|---|---|---|
BALQ iShares Nasdaq Premium Income Active ETF | 18.59% | 0.04% |
QRMI Global X NASDAQ 100 Risk Managed Income ETF | 2.46% | 1.27% |
Correlation
The correlation between BALQ and QRMI 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 3, 2025 | 0.86 |
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Return for Risk
BALQ vs. QRMI — Risk / Return Rank
BALQ
Risk / return metrics aren't available yet — we need at least 12 months of trading data to calculate them.
QRMI
BALQ vs. QRMI - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for iShares Nasdaq Premium Income Active ETF (BALQ) and Global X NASDAQ 100 Risk Managed Income ETF (QRMI). 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 | QRMI | 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 | — | 1.97 | — |
| Martin ratioReturn relative to average drawdown | — | 8.61 | — |
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Drawdowns
BALQ vs. QRMI - Drawdown Comparison
The maximum BALQ drawdown since its inception was -11.79%, smaller than the maximum QRMI drawdown of -20.95%. Use the drawdown chart below to compare losses from any high point for BALQ and QRMI.
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Drawdown Indicators
| BALQ | QRMI | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -11.79% | -20.95% | +9.16% |
Max Drawdown (1Y)Largest decline over 1 year | — | -5.04% | — |
Max Drawdown (3Y)Largest decline over 3 years | — | -8.43% | — |
Current DrawdownCurrent decline from peak | -3.71% | -0.85% | -2.86% |
Average DrawdownAverage peak-to-trough decline | -2.40% | -7.90% | +5.50% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | — | 1.15% | — |
Volatility
BALQ vs. QRMI - Volatility Comparison
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Volatility by Period
| BALQ | QRMI | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | — | 2.24% | — |
Volatility (6M)Calculated over the trailing 6-month period | — | 4.92% | — |
Volatility (1Y)Calculated over the trailing 1-year period | 20.62% | 5.98% | +14.64% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 20.62% | 8.35% | +12.27% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 20.62% | 8.35% | +12.27% |
BALQ vs. QRMI - Expense Ratio Comparison
BALQ has a 0.35% expense ratio, which is lower than QRMI's 0.60% expense ratio.
Dividends
BALQ vs. QRMI - Dividend Comparison
BALQ's dividend yield for the trailing twelve months is around 4.76%, less than QRMI's 12.33% 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% |
QRMI Global X NASDAQ 100 Risk Managed Income ETF | 12.33% | 12.28% | 11.80% | 12.44% | 10.65% | 3.36% |
Frequently Asked Questions
BALQ and QRMI 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.
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 0.60% for QRMI.
QRMI has the higher dividend yield at 12.33%, compared with 4.76% for BALQ.
They also come from different issuers: iShares and Global X. Their fees differ too: 0.35% for BALQ and 0.60% for QRMI.
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