BALQ vs. SLV
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 0.39 correlation, their price movements are largely independent. BALQ charges 0.35%/yr vs 0.50%/yr for SLV.
Performance
BALQ vs. SLV - Performance Comparison
Loading charts...
Returns By Period
In the year-to-date period, BALQ achieves a 18.59% return, which is significantly higher than SLV's -13.49% return.
BALQ
- 1D
- -3.11%
- 1M
- -0.12%
- YTD
- 18.59%
- 6M
- 17.39%
- 1Y
- —
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
SLV
- 1D
- -5.40%
- 1M
- -18.48%
- YTD
- -13.49%
- 6M
- -14.05%
- 1Y
- 69.08%
- 3Y*
- 39.38%
- 5Y*
- 18.31%
- 10Y*
- 12.68%
BALQ vs. SLV - Yearly Performance Comparison
| 2026 (YTD) | 2025 | |
|---|---|---|
BALQ iShares Nasdaq Premium Income Active ETF | 18.59% | 0.04% |
SLV iShares Silver Trust | -13.49% | 21.25% |
Correlation
The correlation between BALQ and SLV is 0.39, 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 3, 2025 | 0.39 |
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. SLV — Risk / Return Rank
BALQ
Risk / return metrics aren't available yet — we need at least 12 months of trading data to calculate them.
SLV
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.
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 | SLV | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | — | — | |
| Sortino ratioReturn per unit of downside risk | — | — | |
| Omega ratioGain probability vs. loss probability | — | 1.25 | — |
| Calmar ratioReturn relative to maximum drawdown | — | 1.47 | — |
| Martin ratioReturn relative to average drawdown | — | 3.16 | — |
Loading charts...
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.
Loading charts...
Drawdown Indicators
| BALQ | SLV | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -11.79% | -76.28% | +64.49% |
Max Drawdown (1Y)Largest decline over 1 year | — | -47.23% | — |
Max Drawdown (3Y)Largest decline over 3 years | — | -47.23% | — |
Max Drawdown (5Y)Largest decline over 5 years | — | -47.23% | — |
Max Drawdown (10Y)Largest decline over 10 years | — | -47.23% | — |
Current DrawdownCurrent decline from peak | -3.71% | -47.23% | +43.52% |
Average DrawdownAverage peak-to-trough decline | -2.40% | -44.65% | +42.25% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | — | 21.91% | — |
Volatility
BALQ vs. SLV - Volatility Comparison
Loading charts...
Volatility by Period
| BALQ | SLV | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | — | 14.34% | — |
Volatility (6M)Calculated over the trailing 6-month period | — | 59.27% | — |
Volatility (1Y)Calculated over the trailing 1-year period | 20.62% | 60.33% | -39.71% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 20.62% | 36.59% | -15.97% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 20.62% | 32.09% | -11.47% |
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 4.76%, while SLV has not paid dividends to shareholders.
| Position | TTM | 2025 |
|---|---|---|
BALQ iShares Nasdaq Premium Income Active ETF | 4.76% | 0.95% |
SLV iShares Silver Trust | 0.00% | 0.00% |
Frequently Asked Questions
BALQ and SLV have a correlation of 0.39, 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 0.50% for SLV.
BALQ has the higher dividend yield at 4.76%, compared with 0.00% for SLV.
BALQ is categorized as Nasdaq-100, while SLV is Silver. Their fees differ too: 0.35% for BALQ and 0.50% for SLV.
Find the right allocation for BALQ and SLV
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