BALQ vs. QTR
BALQ (iShares Nasdaq Premium Income Active ETF) and QTR (Global X NASDAQ 100 Tail Risk ETF) are both Nasdaq-100 funds. BALQ is actively managed, while QTR is passively managed. With a 0.99 correlation, they move nearly in lockstep. BALQ charges 0.35%/yr vs 0.60%/yr for QTR.
Performance
BALQ vs. QTR - Performance Comparison
Loading charts...
Returns By Period
In the year-to-date period, BALQ achieves a 18.59% return, which is significantly higher than QTR's 14.00% return.
BALQ
- 1D
- -3.11%
- 1M
- -0.12%
- YTD
- 18.59%
- 6M
- 17.39%
- 1Y
- —
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
QTR
- 1D
- -2.27%
- 1M
- 0.45%
- YTD
- 14.00%
- 6M
- 12.63%
- 1Y
- 28.74%
- 3Y*
- 20.74%
- 5Y*
- —
- 10Y*
- —
BALQ vs. QTR - Yearly Performance Comparison
| 2026 (YTD) | 2025 | |
|---|---|---|
BALQ iShares Nasdaq Premium Income Active ETF | 18.59% | 0.04% |
QTR Global X NASDAQ 100 Tail Risk ETF | 14.00% | -1.45% |
Correlation
The correlation between BALQ and QTR 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 |
Compare stocks, funds, or ETFs
Search for stocks, ETFs, and funds for a quick comparison or use the comparison tool for more options.
Return for Risk
BALQ vs. QTR — Risk / Return Rank
BALQ
Risk / return metrics aren't available yet — we need at least 12 months of trading data to calculate them.
QTR
BALQ vs. QTR - 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 Tail Risk ETF (QTR). 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 | QTR | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | — | — | |
| Sortino ratioReturn per unit of downside risk | — | — | |
| Omega ratioGain probability vs. loss probability | — | 1.32 | — |
| Calmar ratioReturn relative to maximum drawdown | — | 2.35 | — |
| Martin ratioReturn relative to average drawdown | — | 7.86 | — |
Loading charts...
Drawdowns
BALQ vs. QTR - Drawdown Comparison
The maximum BALQ drawdown since its inception was -11.79%, smaller than the maximum QTR drawdown of -31.72%. Use the drawdown chart below to compare losses from any high point for BALQ and QTR.
Loading charts...
Drawdown Indicators
| BALQ | QTR | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -11.79% | -31.72% | +19.93% |
Max Drawdown (1Y)Largest decline over 1 year | — | -12.29% | — |
Max Drawdown (3Y)Largest decline over 3 years | — | -18.99% | — |
Current DrawdownCurrent decline from peak | -3.71% | -3.33% | -0.38% |
Average DrawdownAverage peak-to-trough decline | -2.40% | -8.77% | +6.37% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | — | 3.66% | — |
Volatility
BALQ vs. QTR - Volatility Comparison
Loading charts...
Volatility by Period
| BALQ | QTR | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | — | 8.36% | — |
Volatility (6M)Calculated over the trailing 6-month period | — | 12.86% | — |
Volatility (1Y)Calculated over the trailing 1-year period | 20.62% | 15.96% | +4.66% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 20.62% | 18.35% | +2.27% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 20.62% | 18.35% | +2.27% |
BALQ vs. QTR - Expense Ratio Comparison
BALQ has a 0.35% expense ratio, which is lower than QTR's 0.60% expense ratio.
Dividends
BALQ vs. QTR - Dividend Comparison
BALQ's dividend yield for the trailing twelve months is around 4.76%, less than QTR's 16.47% 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% |
QTR Global X NASDAQ 100 Tail Risk ETF | 16.47% | 18.77% | 0.50% | 0.53% | 0.36% | 1.90% |
Frequently Asked Questions
With a correlation of 0.99, BALQ and QTR 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, 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 QTR.
QTR has the higher dividend yield at 16.47%, 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 QTR.
Find the right allocation for BALQ and QTR
Add both to a portfolio and optimize allocations for your target — whether that's maximizing returns, minimizing drawdowns, or balancing risk across holdings.
Open Portfolio Optimizer