BALQ vs. QXQ
BALQ (iShares Nasdaq Premium Income Active ETF) and QXQ (SGI Enhanced Nasdaq-100 ETF) are both Nasdaq-100 funds. Both are actively managed. With a 0.99 correlation, they move nearly in lockstep. BALQ charges 0.35%/yr vs 0.98%/yr for QXQ.
Performance
BALQ vs. QXQ - 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 QXQ's 16.17% return.
BALQ
- 1D
- -3.11%
- 1M
- -0.12%
- YTD
- 18.59%
- 6M
- 17.39%
- 1Y
- —
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
QXQ
- 1D
- -2.94%
- 1M
- -0.36%
- YTD
- 16.17%
- 6M
- 15.07%
- 1Y
- 36.80%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
BALQ vs. QXQ - Yearly Performance Comparison
| 2026 (YTD) | 2025 | |
|---|---|---|
BALQ iShares Nasdaq Premium Income Active ETF | 18.59% | 0.04% |
QXQ SGI Enhanced Nasdaq-100 ETF | 16.17% | -0.75% |
Correlation
The correlation between BALQ and QXQ 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. QXQ — Risk / Return Rank
BALQ
Risk / return metrics aren't available yet — we need at least 12 months of trading data to calculate them.
QXQ
BALQ vs. QXQ - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for iShares Nasdaq Premium Income Active ETF (BALQ) and SGI Enhanced Nasdaq-100 ETF (QXQ). 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 | QXQ | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | — | — | |
| Sortino ratioReturn per unit of downside risk | — | — | |
| Omega ratioGain probability vs. loss probability | — | 1.36 | — |
| Calmar ratioReturn relative to maximum drawdown | — | 3.03 | — |
| Martin ratioReturn relative to average drawdown | — | 11.67 | — |
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Drawdowns
BALQ vs. QXQ - Drawdown Comparison
The maximum BALQ drawdown since its inception was -11.79%, smaller than the maximum QXQ drawdown of -22.53%. Use the drawdown chart below to compare losses from any high point for BALQ and QXQ.
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Drawdown Indicators
| BALQ | QXQ | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -11.79% | -22.53% | +10.74% |
Max Drawdown (1Y)Largest decline over 1 year | — | -12.20% | — |
Current DrawdownCurrent decline from peak | -3.71% | -4.17% | +0.46% |
Average DrawdownAverage peak-to-trough decline | -2.40% | -3.61% | +1.21% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | — | 3.16% | — |
Volatility
BALQ vs. QXQ - Volatility Comparison
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Volatility by Period
| BALQ | QXQ | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | — | 8.58% | — |
Volatility (6M)Calculated over the trailing 6-month period | — | 14.32% | — |
Volatility (1Y)Calculated over the trailing 1-year period | 20.62% | 17.73% | +2.89% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 20.62% | 22.15% | -1.53% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 20.62% | 22.15% | -1.53% |
BALQ vs. QXQ - Expense Ratio Comparison
BALQ has a 0.35% expense ratio, which is lower than QXQ's 0.98% expense ratio.
Dividends
BALQ vs. QXQ - Dividend Comparison
BALQ's dividend yield for the trailing twelve months is around 4.76%, less than QXQ's 15.41% yield.
| Position | TTM | 2025 | 2024 |
|---|---|---|---|
BALQ iShares Nasdaq Premium Income Active ETF | 4.76% | 0.95% | 0.00% |
QXQ SGI Enhanced Nasdaq-100 ETF | 15.41% | 18.21% | 1.97% |
Frequently Asked Questions
With a correlation of 0.99, BALQ and QXQ 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 0.98% for QXQ.
QXQ has the higher dividend yield at 15.41%, compared with 4.76% for BALQ.
They also come from different issuers: iShares and Summit Global Investments. Their fees differ too: 0.35% for BALQ and 0.98% for QXQ.
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