NAPR vs. BALQ

Last updated Jun 4, 2026

NAPR (Innovator Nasdaq-100 Power Buffer ETF - April) and BALQ (iShares Nasdaq Premium Income Active ETF) are both Nasdaq-100 funds. NAPR is passively managed, while BALQ is actively managed. Their correlation of 0.86 suggests significant overlap in exposure. NAPR charges 0.79%/yr vs 0.35%/yr for BALQ.

Performance

NAPR vs. BALQ - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Innovator Nasdaq-100 Power Buffer ETF - April (NAPR) and iShares Nasdaq Premium Income Active ETF (BALQ). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, NAPR achieves a 10.51% return, which is significantly lower than BALQ's 22.89% return.

NAPR

• 1D: -0.12%
• 1M: 2.09%
• YTD: 10.51%
• 6M: 11.15%
• 1Y: 18.45%
• 3Y*: 13.26%
• 5Y*: 10.10%
• 10Y*: —

BALQ

• 1D: -0.21%
• 1M: 11.15%
• YTD: 22.89%
• 6M: 22.29%
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —

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

NAPR vs. BALQ - Yearly Performance Comparison

	2026 (YTD)	2025
NAPR Innovator Nasdaq-100 Power Buffer ETF - April	10.51%	0.58%
BALQ iShares Nasdaq Premium Income Active ETF	22.89%	-0.49%

Correlation

The correlation between NAPR and BALQ is 0.86, 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 4, 2025	0.86

Return for Risk

NAPR vs. BALQ — Risk / Return Rank

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

NAPR

NAPR Risk / Return Rank: 98
NAPR Sharpe Ratio Rank: 97
NAPR Sortino Ratio Rank: 98
NAPR Omega Ratio Rank: 98
NAPR Calmar Ratio Rank: 98
NAPR Martin Ratio Rank: 98

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.

NAPR vs. BALQ - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Innovator Nasdaq-100 Power Buffer ETF - April (NAPR) 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.

	NAPR	BALQ	Difference
Sharpe ratio: Return per unit of total volatility	4.78	—	—
Sortino ratio: Return per unit of downside risk	8.66	—	—
Omega ratio: Gain probability vs. loss probability	2.18	—	—
Calmar ratio: Return relative to maximum drawdown	14.95	—	—
Martin ratio: Return relative to average drawdown	84.84	—	—
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

Sharpe Ratios by Period

	NAPR	BALQ	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	4.78	—	—
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	0.90	—	—
Sharpe Ratio (All Time) Calculated using the full available price history	1.07	2.81	-1.74

Drawdowns

NAPR vs. BALQ - Drawdown Comparison

The maximum NAPR drawdown since its inception was -16.53%, which is greater than BALQ's maximum drawdown of -11.79%. Use the drawdown chart below to compare losses from any high point for NAPR and BALQ.

Drawdown Indicators

	NAPR	BALQ	Difference
Max Drawdown Largest peak-to-trough decline	-16.53%	-11.79%	-4.74%
Max Drawdown (1Y) Largest decline over 1 year	-1.24%	—	—
Max Drawdown (3Y) Largest decline over 3 years	-14.52%	—	—
Max Drawdown (5Y) Largest decline over 5 years	-16.53%	—	—
Current Drawdown Current decline from peak	-0.12%	-0.21%	+0.09%
Average Drawdown Average peak-to-trough decline	-2.28%	-2.37%	+0.09%
Ulcer Index Depth and duration of drawdowns from previous peaks	0.22%	—	—

Volatility

Volatility by Period

	NAPR	BALQ	Difference
Volatility (1M) Calculated over the trailing 1-month period	1.10%	—	—
Volatility (6M) Calculated over the trailing 6-month period	2.82%	—	—
Volatility (1Y) Calculated over the trailing 1-year period	3.89%	18.03%	-14.14%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	11.27%	18.03%	-6.76%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	10.61%	18.03%	-7.42%

NAPR vs. BALQ - Expense Ratio Comparison

NAPR has a 0.79% expense ratio, which is higher than BALQ's 0.35% expense ratio.

Dividends

NAPR vs. BALQ - Dividend Comparison

NAPR has not paid dividends to shareholders, while BALQ's dividend yield for the trailing twelve months is around 4.59%.

Position	TTM	2025
BALQ iShares Nasdaq Premium Income Active ETF	4.59%	0.95%
NAPR Innovator Nasdaq-100 Power Buffer ETF - April	0.00%	0.00%

Frequently Asked Questions

Can I hold both NAPR and BALQ in my portfolio?

NAPR and BALQ have a correlation of 0.86, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which ETF is better, NAPR or BALQ?

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.

Which ETF is cheaper, NAPR or BALQ?

BALQ is cheaper with a 0.35% expense ratio, compared with 0.79% for NAPR.

Which ETF pays a higher dividend yield, NAPR or BALQ?

BALQ has the higher dividend yield at 4.59%, compared with 0.00% for NAPR.

What is the main difference between NAPR and BALQ?

They also come from different issuers: Innovator and iShares. Their fees differ too: 0.79% for NAPR and 0.35% for BALQ.