BALQ vs. SLV

Last updated Jun 4, 2026

BALQ (iShares Nasdaq Premium Income Active ETF) and SLV (iShares Silver Trust) are both exchange-traded funds - BALQ is a Nasdaq-100 fund actively managed by iShares, while SLV is a Silver fund tracking the LBMA Silver Price. BALQ is actively managed, while SLV is passively managed. At a 0.34 correlation, their price movements are largely independent. BALQ charges 0.35%/yr vs 0.50%/yr for SLV.

Performance

BALQ vs. SLV - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in iShares Nasdaq Premium Income Active ETF (BALQ) and iShares Silver Trust (SLV). 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 SLV's 2.78% return.

BALQ

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

SLV

• 1D: -2.62%
• 1M: 0.41%
• YTD: 2.78%
• 6M: 24.76%
• 1Y: 110.59%
• 3Y*: 45.06%
• 5Y*: 20.76%
• 10Y*: 15.55%

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

BALQ vs. SLV - Yearly Performance Comparison

	2026 (YTD)	2025
BALQ iShares Nasdaq Premium Income Active ETF	22.89%	-0.49%
SLV iShares Silver Trust	2.78%	21.39%

Correlation

The correlation between BALQ and SLV is 0.34, which is low. Their price movements are largely independent, making them effective diversification partners.

	Correlation
Correlation (All Time) Calculated using the full available price history since Dec 4, 2025	0.34

Return for Risk

BALQ vs. SLV — Risk / Return Rank

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

SLV

SLV Risk / Return Rank: 47
SLV Sharpe Ratio Rank: 54
SLV Sortino Ratio Rank: 40
SLV Omega Ratio Rank: 56
SLV Calmar Ratio Rank: 52
SLV Martin Ratio Rank: 36

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. SLV - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for iShares Nasdaq Premium Income Active ETF (BALQ) and iShares Silver Trust (SLV). 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	SLV	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	—	1.89	—
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	—	0.58	—
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	—	0.49	—
Sharpe Ratio (All Time) Calculated using the full available price history	2.81	0.25	+2.57

Drawdowns

BALQ vs. SLV - Drawdown Comparison

The maximum BALQ drawdown since its inception was -11.79%, smaller than the maximum SLV drawdown of -76.28%. Use the drawdown chart below to compare losses from any high point for BALQ and SLV.

Drawdown Indicators

	BALQ	SLV	Difference
Max Drawdown Largest peak-to-trough decline	-11.79%	-76.28%	+64.49%
Max Drawdown (1Y) Largest decline over 1 year	—	-42.45%	—
Max Drawdown (3Y) Largest decline over 3 years	—	-42.45%	—
Max Drawdown (5Y) Largest decline over 5 years	—	-42.45%	—
Max Drawdown (10Y) Largest decline over 10 years	—	-42.81%	—
Current Drawdown Current decline from peak	-0.21%	-37.30%	+37.09%
Average Drawdown Average peak-to-trough decline	-2.37%	-44.67%	+42.30%
Ulcer Index Depth and duration of drawdowns from previous peaks	—	19.67%	—

Volatility

Volatility by Period

	BALQ	SLV	Difference
Volatility (1M) Calculated over the trailing 1-month period	—	16.30%	—
Volatility (6M) Calculated over the trailing 6-month period	—	58.31%	—
Volatility (1Y) Calculated over the trailing 1-year period	18.03%	58.90%	-40.87%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	18.03%	36.15%	-18.12%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	18.03%	31.84%	-13.81%

BALQ vs. SLV - Expense Ratio Comparison

BALQ has a 0.35% expense ratio, which is lower than SLV's 0.50% expense ratio.

Dividends

BALQ vs. SLV - Dividend Comparison

BALQ's dividend yield for the trailing twelve months is around 4.59%, while SLV has not paid dividends to shareholders.

Position	TTM	2025
BALQ iShares Nasdaq Premium Income Active ETF	4.59%	0.95%
SLV iShares Silver Trust	0.00%	0.00%

Frequently Asked Questions

Can I hold both BALQ and SLV in my portfolio?

BALQ and SLV have a correlation of 0.34, 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 SLV?

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 SLV?

BALQ is cheaper with a 0.35% expense ratio, compared with 0.50% for SLV.

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

BALQ has the higher dividend yield at 4.59%, compared with 0.00% for SLV.

What is the main difference between BALQ and SLV?

BALQ is categorized as Nasdaq-100, while SLV is Silver. Their fees differ too: 0.35% for BALQ and 0.50% for SLV.