BALQ vs. QYLD

Last updated Jun 4, 2026

BALQ (iShares Nasdaq Premium Income Active ETF) and QYLD (Global X NASDAQ 100 Covered Call ETF) are both Nasdaq-100 funds. BALQ is actively managed, while QYLD is passively managed. Their correlation of 0.87 suggests significant overlap in exposure. BALQ charges 0.35%/yr vs 0.60%/yr for QYLD.

Performance

BALQ vs. QYLD - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in iShares Nasdaq Premium Income Active ETF (BALQ) and Global X NASDAQ 100 Covered Call ETF (QYLD). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, BALQ achieves a 22.89% return, which is significantly higher than QYLD's 7.88% return.

BALQ

• 1D: -0.21%
• 1M: 11.15%
• YTD: 22.89%
• 6M: 22.29%
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —

QYLD

• 1D: -0.06%
• 1M: 1.62%
• YTD: 7.88%
• 6M: 9.97%
• 1Y: 23.93%
• 3Y*: 13.80%
• 5Y*: 8.43%
• 10Y*: 9.80%

*Multi-year figures are annualized to reflect compound growth (CAGR)

BALQ vs. QYLD - Yearly Performance Comparison

	2026 (YTD)	2025
BALQ iShares Nasdaq Premium Income Active ETF	22.89%	-0.49%
QYLD Global X NASDAQ 100 Covered Call ETF	7.88%	1.93%

Correlation

The correlation between BALQ and QYLD is 0.87, 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 4, 2025	0.87

Return for Risk

BALQ vs. QYLD — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.

QYLD

QYLD Risk / Return Rank: 88
QYLD Sharpe Ratio Rank: 84
QYLD Sortino Ratio Rank: 85
QYLD Omega Ratio Rank: 92
QYLD Calmar Ratio Rank: 86
QYLD Martin Ratio Rank: 94

The rank (0–100) shows how this investment's returns compare to the risk taken. Higher = better. Based on the past 12 months of data, combining Sharpe, Sortino, and other metrics used by quantitative funds and institutional investors.

BALQ vs. QYLD - 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 Covered Call ETF (QYLD). 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.

Sharpe Ratios by Period

	BALQ	QYLD	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	—	2.80	—
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	—	0.58	—
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	—	0.63	—
Sharpe Ratio (All Time) Calculated using the full available price history	2.81	0.59	+2.22

Drawdowns

BALQ vs. QYLD - Drawdown Comparison

The maximum BALQ drawdown since its inception was -11.79%, smaller than the maximum QYLD drawdown of -24.75%. Use the drawdown chart below to compare losses from any high point for BALQ and QYLD.

Drawdown Indicators

	BALQ	QYLD	Difference
Max Drawdown Largest peak-to-trough decline	-11.79%	-24.75%	+12.96%
Max Drawdown (1Y) Largest decline over 1 year	—	-4.97%	—
Max Drawdown (3Y) Largest decline over 3 years	—	-19.06%	—
Max Drawdown (5Y) Largest decline over 5 years	—	-24.61%	—
Max Drawdown (10Y) Largest decline over 10 years	—	-24.75%	—
Current Drawdown Current decline from peak	-0.21%	-0.06%	-0.15%
Average Drawdown Average peak-to-trough decline	-2.37%	-3.84%	+1.47%
Ulcer Index Depth and duration of drawdowns from previous peaks	—	0.85%	—

Volatility

Volatility by Period

	BALQ	QYLD	Difference
Volatility (1M) Calculated over the trailing 1-month period	—	1.85%	—
Volatility (6M) Calculated over the trailing 6-month period	—	7.12%	—
Volatility (1Y) Calculated over the trailing 1-year period	18.03%	8.58%	+9.45%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	18.03%	14.70%	+3.33%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	18.03%	15.49%	+2.54%

BALQ vs. QYLD - Expense Ratio Comparison

BALQ has a 0.35% expense ratio, which is lower than QYLD's 0.60% expense ratio.

Dividends

BALQ vs. QYLD - Dividend Comparison

BALQ's dividend yield for the trailing twelve months is around 4.59%, less than QYLD's 11.46% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
BALQ iShares Nasdaq Premium Income Active ETF	4.59%	0.95%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
QYLD Global X NASDAQ 100 Covered Call ETF	11.46%	11.55%	12.50%	11.78%	13.75%	12.85%	11.16%	9.84%	12.44%	7.69%	9.15%	9.42%

Frequently Asked Questions

Can I hold both BALQ and QYLD in my portfolio?

BALQ and QYLD have a correlation of 0.87, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which ETF is better, BALQ or QYLD?

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.

Which ETF is cheaper, BALQ or QYLD?

BALQ is cheaper with a 0.35% expense ratio, compared with 0.60% for QYLD.

Which ETF pays a higher dividend yield, BALQ or QYLD?

QYLD has the higher dividend yield at 11.46%, compared with 4.59% for BALQ.

What is the main difference between BALQ and QYLD?

They also come from different issuers: iShares and Global X. Their fees differ too: 0.35% for BALQ and 0.60% for QYLD.