BALQ vs. TPYP
BALQ (iShares Nasdaq Premium Income Active ETF) and TPYP (Tortoise North American Pipeline Fund) are both exchange-traded funds - BALQ is a Nasdaq-100 fund actively managed by iShares, while TPYP is a Energy Equities fund tracking the Tortoise North American Pipeline Index. BALQ is actively managed, while TPYP is passively managed. At a correlation of -0.27, they often move in opposite directions. BALQ charges 0.35%/yr vs 0.40%/yr for TPYP.
Performance
BALQ vs. TPYP - Performance Comparison
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Returns By Period
In the year-to-date period, BALQ achieves a 18.59% return, which is significantly lower than TPYP's 21.62% return.
BALQ
- 1D
- -3.11%
- 1M
- -0.12%
- YTD
- 18.59%
- 6M
- 17.39%
- 1Y
- —
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
TPYP
- 1D
- 1.30%
- 1M
- -3.57%
- YTD
- 21.62%
- 6M
- 21.85%
- 1Y
- 24.89%
- 3Y*
- 26.20%
- 5Y*
- 18.21%
- 10Y*
- 11.89%
BALQ vs. TPYP - Yearly Performance Comparison
| 2026 (YTD) | 2025 | |
|---|---|---|
BALQ iShares Nasdaq Premium Income Active ETF | 18.59% | 0.04% |
TPYP Tortoise North American Pipeline Fund | 21.62% | 0.16% |
Correlation
The correlation between BALQ and TPYP is -0.27, meaning they tend to move in opposite directions. This is especially valuable for risk management - when one declines, the other has historically tended to hold steady or rise.
| Correlation | |
|---|---|
Correlation (All Time) Calculated using the full available price history since Dec 3, 2025 | -0.27 |
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Return for Risk
BALQ vs. TPYP — Risk / Return Rank
BALQ
Risk / return metrics aren't available yet — we need at least 12 months of trading data to calculate them.
TPYP
BALQ vs. TPYP - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for iShares Nasdaq Premium Income Active ETF (BALQ) and Tortoise North American Pipeline Fund (TPYP). 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 | TPYP | 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 | — | 3.66 | — |
| Martin ratioReturn relative to average drawdown | — | 9.01 | — |
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Drawdowns
BALQ vs. TPYP - Drawdown Comparison
The maximum BALQ drawdown since its inception was -11.79%, smaller than the maximum TPYP drawdown of -51.91%. Use the drawdown chart below to compare losses from any high point for BALQ and TPYP.
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Drawdown Indicators
| BALQ | TPYP | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -11.79% | -51.91% | +40.12% |
Max Drawdown (1Y)Largest decline over 1 year | — | -6.84% | — |
Max Drawdown (3Y)Largest decline over 3 years | — | -13.17% | — |
Max Drawdown (5Y)Largest decline over 5 years | — | -17.96% | — |
Max Drawdown (10Y)Largest decline over 10 years | — | -51.91% | — |
Current DrawdownCurrent decline from peak | -3.71% | -4.04% | +0.33% |
Average DrawdownAverage peak-to-trough decline | -2.40% | -7.88% | +5.48% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | — | 2.77% | — |
Volatility
BALQ vs. TPYP - Volatility Comparison
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Volatility by Period
| BALQ | TPYP | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | — | 5.29% | — |
Volatility (6M)Calculated over the trailing 6-month period | — | 10.38% | — |
Volatility (1Y)Calculated over the trailing 1-year period | 20.62% | 13.33% | +7.29% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 20.62% | 17.40% | +3.22% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 20.62% | 21.93% | -1.31% |
BALQ vs. TPYP - Expense Ratio Comparison
BALQ has a 0.35% expense ratio, which is lower than TPYP's 0.40% expense ratio.
Dividends
BALQ vs. TPYP - Dividend Comparison
BALQ's dividend yield for the trailing twelve months is around 4.76%, more than TPYP's 3.21% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
BALQ iShares Nasdaq Premium Income Active ETF | 4.76% | 0.95% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
TPYP Tortoise North American Pipeline Fund | 3.21% | 3.91% | 3.95% | 4.83% | 4.48% | 4.86% | 6.14% | 4.45% | 4.58% | 3.71% | 3.49% | 2.56% |
Frequently Asked Questions
BALQ and TPYP have a correlation of -0.27, 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 0.40% for TPYP.
BALQ has the higher dividend yield at 4.76%, compared with 3.21% for TPYP.
BALQ is categorized as Nasdaq-100, while TPYP is Energy Equities. They also come from different issuers: iShares and Tortoise. Their fees differ too: 0.35% for BALQ and 0.40% for TPYP.
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