BLCV vs. BALI

Last updated Jun 24, 2026

BLCV (Blackrock Large Cap Value ETF) and BALI (Blackrock Advantage Large Cap Income ETF) are both exchange-traded funds - BLCV is a Large Cap Value Equities fund actively managed by BlackRock, while BALI is a Derivative Income fund actively managed by BlackRock. Both are actively managed. Over the past year, BLCV returned 18.72% vs 22.98% for BALI. A 0.70 correlation means they provide meaningful diversification when combined. BLCV charges 0.55%/yr vs 0.35%/yr for BALI.

Performance

BLCV vs. BALI - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Blackrock Large Cap Value ETF (BLCV) and Blackrock Advantage Large Cap Income ETF (BALI). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, BLCV achieves a 6.47% return, which is significantly lower than BALI's 8.90% return.

BLCV

• 1D: -1.81%
• 1M: 0.18%
• YTD: 6.47%
• 6M: 5.91%
• 1Y: 18.72%
• 3Y*: 18.17%
• 5Y*: —
• 10Y*: —

BALI

• 1D: -1.07%
• 1M: -1.38%
• YTD: 8.90%
• 6M: 8.29%
• 1Y: 22.98%
• 3Y*: —
• 5Y*: —
• 10Y*: —

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

BLCV vs. BALI - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023
BLCV Blackrock Large Cap Value ETF	6.47%	19.96%	12.63%	12.46%
BALI Blackrock Advantage Large Cap Income ETF	8.90%	14.51%	22.38%	9.71%

Correlation

The correlation between BLCV and BALI is 0.68, which is moderate. They share some common price drivers but move independently often enough to provide real diversification benefit when combined.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.68
Correlation (All Time) Calculated using the full available price history since Sep 28, 2023	0.70

The correlation between BLCV and BALI has been stable across timeframes, ranging from 0.68 to 0.70 - a consistent structural relationship.

BLCV vs. BALI - Sectors Allocation Comparison

Sectors	BLCV	BALI
Technology	18.3%	35.4%
Financial Services	14.9%	9.2%
Industrials	14.2%	7.0%
Healthcare	11.6%	9.5%
Consumer Cyclical	9.9%	9.7%
Communication Services	9.5%	10.1%
Consumer Defensive	6.1%	5.8%
Energy	6.0%	4.0%
Utilities	4.4%	2.0%
Real Estate	2.7%	2.1%
Basic Materials	2.4%	1.4%

Return for Risk

BLCV vs. BALI — Risk / Return Rank

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

BLCV

Risk / return metrics aren't available yet — we need at least 12 months of trading data to calculate them.

BALI

BALI Risk / Return Rank: 74
BALI Sharpe Ratio Rank: 72
BALI Sortino Ratio Rank: 70
BALI Omega Ratio Rank: 73
BALI Calmar Ratio Rank: 71
BALI Martin Ratio Rank: 83

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.

BLCV vs. BALI - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Blackrock Large Cap Value ETF (BLCV) and Blackrock Advantage Large Cap Income ETF (BALI). 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.

	BLCV	BALI	Difference
Sharpe ratio: Return per unit of total volatility	1.79	2.21	-0.41
Sortino ratio: Return per unit of downside risk	2.59	3.03	-0.44
Omega ratio: Gain probability vs. loss probability	1.32	1.41	-0.10
Calmar ratio: Return relative to maximum drawdown	2.11	3.44	-1.33
Martin ratio: Return relative to average drawdown	8.49	16.45	-7.96

BLCV vs. BALI - Sharpe Ratio Comparison

The current BLCV Sharpe Ratio is 1.79, which is comparable to the BALI Sharpe Ratio of 2.21. The chart below compares the historical Sharpe Ratios of BLCV and BALI, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Drawdowns

BLCV vs. BALI - Drawdown Comparison

The maximum BLCV drawdown since its inception was -13.44%, smaller than the maximum BALI drawdown of -16.65%. Use the drawdown chart below to compare losses from any high point for BLCV and BALI.

Drawdown Indicators

	BLCV	BALI	Difference
Max Drawdown Largest peak-to-trough decline	-13.44%	-16.65%	+3.21%
Max Drawdown (1Y) Largest decline over 1 year	-9.92%	-6.71%	-3.21%
Max Drawdown (3Y) Largest decline over 3 years	-13.44%	—	—
Current Drawdown Current decline from peak	-1.81%	-2.49%	+0.68%
Average Drawdown Average peak-to-trough decline	-2.05%	-1.63%	-0.42%
Ulcer Index Depth and duration of drawdowns from previous peaks	2.46%	1.40%	+1.06%

Volatility

BLCV vs. BALI - Volatility Comparison

The current volatility for Blackrock Large Cap Value ETF (BLCV) is 3.36%, while Blackrock Advantage Large Cap Income ETF (BALI) has a volatility of 4.07%. This indicates that BLCV experiences smaller price fluctuations and is considered to be less risky than BALI based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	BLCV	BALI	Difference
Volatility (1M) Calculated over the trailing 1-month period	3.36%	4.07%	-0.71%
Volatility (6M) Calculated over the trailing 6-month period	9.03%	8.30%	+0.73%
Volatility (1Y) Calculated over the trailing 1-year period	11.65%	10.49%	+1.16%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	12.81%	13.02%	-0.21%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	12.81%	13.02%	-0.21%

BLCV vs. BALI - Expense Ratio Comparison

BLCV has a 0.55% expense ratio, which is higher than BALI's 0.35% expense ratio.

Dividends

BLCV vs. BALI - Dividend Comparison

BLCV has not paid dividends to shareholders, while BALI's dividend yield for the trailing twelve months is around 7.83%.

Position	TTM	2025	2024	2023
BALI Blackrock Advantage Large Cap Income ETF	7.83%	8.51%	7.13%	2.13%
BLCV Blackrock Large Cap Value ETF	1.01%	1.37%	1.63%	1.02%

Frequently Asked Questions

Can I hold both BLCV and BALI in my portfolio?

BLCV and BALI have a correlation of 0.68, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, BLCV or BALI?

BALI has higher volatility (4.07%) compared to BLCV (3.36%). In terms of maximum drawdown, BLCV dropped -13.44% vs BALI's -16.65%.

Which ETF is better, BLCV or BALI?

On 1-year performance, BALI leads with 22.98% vs 18.72% for BLCV. On fees, BALI is cheaper at 0.35% per year. On volatility, BLCV has been the lower-risk option at 3.36%. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF has performed better, BLCV or BALI?

Over the 1-year period, BALI has performed better with a 22.98% return vs 18.72%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, BLCV or BALI?

BALI is cheaper with a 0.35% expense ratio, compared with 0.55% for BLCV.

Which ETF pays a higher dividend yield, BLCV or BALI?

BALI has the higher dividend yield at 7.83%, compared with 1.01% for BLCV.

What is the main difference between BLCV and BALI?

BLCV is categorized as Large Cap Value Equities, while BALI is Derivative Income. Their fees differ too: 0.55% for BLCV and 0.35% for BALI.

Which has better risk-adjusted returns?

BALI currently has the higher Sharpe Ratio (2.21 vs 1.79), meaning it's delivered slightly more return per unit of risk over the trailing 12 months. However, this ranking shifts over time - use the Risk/Return Score above for a more comprehensive view that combines Sharpe, Sortino, and other measures used by quantitative funds.