JWEL.TO vs. BALI

Last updated Jul 21, 2026

JWEL.TO (Jamieson Wellness Inc.) is a stock, while BALI (Blackrock Advantage Large Cap Income ETF) is Derivative Income fund actively managed by BlackRock. Over the past year, JWEL.TO returned 22.59% vs 23.47% for BALI. At a 0.22 correlation, their price movements are largely independent.

Performance

JWEL.TO vs. BALI - Performance Comparison

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

Different Trading Currencies

JWEL.TO is traded in CAD, while BALI is traded in USD. To make them comparable, the BALI values have been converted to CAD using the latest available exchange rates.

Returns By Period

In the year-to-date period, JWEL.TO achieves a 25.04% return, which is significantly higher than BALI's 13.75% return.

JWEL.TO

• 1D: -1.17%
• 1M: 13.87%
• 6M: 23.79%
• YTD: 25.04%
• 1Y: 22.59%
• 3Y*: 16.27%
• 5Y*: 5.92%
• 10Y*: —
• ALL TIME*: 12.97%

BALI

• 1D: -0.22%
• 1M: 0.07%
• 6M: 10.83%
• YTD: 13.75%
• 1Y: 23.47%
• 3Y*: —
• 5Y*: —
• 10Y*: —
• ALL TIME*: 22.64%

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

JWEL.TO vs. BALI - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023
JWEL.TO Jamieson Wellness Inc.	25.04%	-5.89%	18.75%	28.44%
BALI Blackrock Advantage Large Cap Income ETF	13.75%	9.28%	32.75%	7.50%

Correlation

The correlation between JWEL.TO and BALI is 0.16, which is low. Their price movements are largely independent, making them effective diversification partners.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.16
Correlation (All Time) Calculated using the full available price history since Sep 28, 2023	0.22

Return for Risk

JWEL.TO vs. BALI — Risk / Return Rank

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

JWEL.TO

JWEL.TO Risk / Return Rank: 74
JWEL.TO Sharpe Ratio Rank: 76
JWEL.TO Sortino Ratio Rank: 77
JWEL.TO Omega Ratio Rank: 72
JWEL.TO Calmar Ratio Rank: 74
JWEL.TO Martin Ratio Rank: 71

BALI

BALI Risk / Return Rank: 84
BALI Sharpe Ratio Rank: 83
BALI Sortino Ratio Rank: 82
BALI Omega Ratio Rank: 83
BALI Calmar Ratio Rank: 81
BALI Martin Ratio Rank: 89

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.

JWEL.TO vs. BALI - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Jamieson Wellness Inc. (JWEL.TO) 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.

	JWEL.TO	BALI	Difference
Sharpe ratio: Return per unit of total volatility	1.01	2.16	-1.15
Sortino ratio: Return per unit of downside risk	1.84	3.06	-1.22
Omega ratio: Gain probability vs. loss probability	1.20	1.39	-0.18
Calmar ratio: Return relative to maximum drawdown	1.55	4.12	-2.56
Martin ratio: Return relative to average drawdown	2.82	16.15	-13.33

JWEL.TO vs. BALI - Sharpe Ratio Comparison

The current JWEL.TO Sharpe Ratio is 1.01, which is lower than the BALI Sharpe Ratio of 2.16. The chart below compares the historical Sharpe Ratios of JWEL.TO 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

JWEL.TO vs. BALI - Drawdown Comparison

The maximum JWEL.TO drawdown since its inception was -45.81%, which is greater than BALI's maximum drawdown of -17.29%. Use the drawdown chart below to compare losses from any high point for JWEL.TO and BALI.

Drawdown Indicators

	JWEL.TO	BALI	Difference
Max Drawdown Largest peak-to-trough decline	-45.81%	-17.29%	-28.52%
Max Drawdown (1Y) Largest decline over 1 year	-14.62%	-5.73%	-8.89%
Max Drawdown (3Y) Largest decline over 3 years	-27.42%	—	—
Max Drawdown (5Y) Largest decline over 5 years	-44.47%	—	—
Current Drawdown Current decline from peak	-1.17%	-1.80%	+0.63%
Average Drawdown Average peak-to-trough decline	-14.70%	-1.98%	-12.72%
Ulcer Index Depth and duration of drawdowns from previous peaks	8.03%	1.46%	+6.57%

Volatility

JWEL.TO vs. BALI - Volatility Comparison

Jamieson Wellness Inc. (JWEL.TO) has a higher volatility of 10.76% compared to Blackrock Advantage Large Cap Income ETF (BALI) at 2.61%. This indicates that JWEL.TO's price experiences larger fluctuations and is considered to be riskier than BALI based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	JWEL.TO	BALI	Difference
Volatility (1M) Calculated over the trailing 1-month period	10.76%	2.61%	+8.15%
Volatility (6M) Calculated over the trailing 6-month period	17.43%	8.81%	+8.62%
Volatility (1Y) Calculated over the trailing 1-year period	22.52%	10.92%	+11.60%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	25.84%	13.55%	+12.29%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	27.61%	13.55%	+14.06%

Dividends

JWEL.TO vs. BALI - Dividend Comparison

JWEL.TO's dividend yield for the trailing twelve months is around 2.21%, less than BALI's 7.92% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017
BALI Blackrock Advantage Large Cap Income ETF	7.92%	8.51%	7.13%	2.13%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
JWEL.TO Jamieson Wellness Inc.	2.21%	2.62%	2.18%	2.27%	1.82%	1.37%	1.30%	1.48%	1.59%	0.72%

Frequently Asked Questions

Can I hold both JWEL.TO and BALI in my portfolio?

JWEL.TO and BALI have a correlation of 0.16, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.