HEQQ vs. BALQ
HEQQ (JPMorgan Nasdaq Hedged Equity Laddered Overlay ETF) and BALQ (iShares Nasdaq Premium Income Active ETF) are both Nasdaq-100 funds. Their correlation of 0.90 suggests significant overlap in exposure. HEQQ charges 0.50%/yr vs 0.35%/yr for BALQ.
Performance
HEQQ vs. BALQ - Performance Comparison
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Returns By Period
In the year-to-date period, HEQQ achieves a 4.29% return, which is significantly lower than BALQ's 19.03% return.
HEQQ
- 1D
- 0.05%
- 1M
- -0.02%
- YTD
- 4.29%
- 6M
- 3.18%
- 1Y
- 14.48%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
BALQ
- 1D
- 0.92%
- 1M
- -1.36%
- YTD
- 19.03%
- 6M
- 17.44%
- 1Y
- —
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
HEQQ vs. BALQ - Yearly Performance Comparison
| 2026 (YTD) | 2025 | |
|---|---|---|
HEQQ JPMorgan Nasdaq Hedged Equity Laddered Overlay ETF | 4.29% | -0.25% |
BALQ iShares Nasdaq Premium Income Active ETF | 19.03% | 0.04% |
Correlation
The correlation between HEQQ and BALQ is 0.90, 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 3, 2025 | 0.90 |
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Return for Risk
HEQQ vs. BALQ — Risk / Return Rank
HEQQ
BALQ
Risk / return metrics aren't available yet — we need at least 12 months of trading data to calculate them.
HEQQ vs. BALQ - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for JPMorgan Nasdaq Hedged Equity Laddered Overlay ETF (HEQQ) and iShares Nasdaq Premium Income Active ETF (BALQ). 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.
| HEQQ | BALQ | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | — | — | |
| Sortino ratioReturn per unit of downside risk | — | — | |
| Omega ratioGain probability vs. loss probability | 1.33 | — | — |
| Calmar ratioReturn relative to maximum drawdown | 1.90 | — | — |
| Martin ratioReturn relative to average drawdown | 7.41 | — | — |
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Drawdowns
HEQQ vs. BALQ - Drawdown Comparison
The maximum HEQQ drawdown since its inception was -7.64%, smaller than the maximum BALQ drawdown of -11.79%. Use the drawdown chart below to compare losses from any high point for HEQQ and BALQ.
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Drawdown Indicators
| HEQQ | BALQ | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -7.64% | -11.79% | +4.15% |
Max Drawdown (1Y)Largest decline over 1 year | -7.64% | — | — |
Current DrawdownCurrent decline from peak | -0.91% | -3.35% | +2.44% |
Average DrawdownAverage peak-to-trough decline | -1.13% | -2.42% | +1.29% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.96% | — | — |
Volatility
HEQQ vs. BALQ - Volatility Comparison
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Volatility by Period
| HEQQ | BALQ | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 2.61% | — | — |
Volatility (6M)Calculated over the trailing 6-month period | 6.64% | — | — |
Volatility (1Y)Calculated over the trailing 1-year period | 8.41% | 20.52% | -12.11% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 10.84% | 20.52% | -9.68% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 10.84% | 20.52% | -9.68% |
HEQQ vs. BALQ - Expense Ratio Comparison
HEQQ has a 0.50% expense ratio, which is higher than BALQ's 0.35% expense ratio.
Dividends
HEQQ vs. BALQ - Dividend Comparison
HEQQ's dividend yield for the trailing twelve months is around 0.21%, less than BALQ's 4.74% yield.
| Position | TTM | 2025 |
|---|---|---|
BALQ iShares Nasdaq Premium Income Active ETF | 4.74% | 0.95% |
HEQQ JPMorgan Nasdaq Hedged Equity Laddered Overlay ETF | 0.21% | 0.19% |
Frequently Asked Questions
With a correlation of 0.90, HEQQ and BALQ move almost identically. Holding both adds very little diversification - you're essentially doubling your position in the same market segment. Choosing one is usually more capital-efficient.
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 HEQQ.
BALQ has the higher dividend yield at 4.74%, compared with 0.21% for HEQQ.
They also come from different issuers: JPMorgan and iShares. Their fees differ too: 0.50% for HEQQ and 0.35% for BALQ.
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