NAPR vs. BALQ
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 0.88 suggests significant overlap in exposure. NAPR charges 0.79%/yr vs 0.35%/yr for BALQ.
Performance
NAPR vs. BALQ - Performance Comparison
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Returns By Period
In the year-to-date period, NAPR achieves a 9.27% return, which is significantly lower than BALQ's 18.59% return.
NAPR
- 1D
- -0.82%
- 1M
- -0.61%
- YTD
- 9.27%
- 6M
- 9.31%
- 1Y
- 16.17%
- 3Y*
- 12.30%
- 5Y*
- 9.49%
- 10Y*
- —
BALQ
- 1D
- -3.11%
- 1M
- -0.12%
- YTD
- 18.59%
- 6M
- 17.39%
- 1Y
- —
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
NAPR vs. BALQ - Yearly Performance Comparison
| 2026 (YTD) | 2025 | |
|---|---|---|
NAPR Innovator Nasdaq-100 Power Buffer ETF - April | 9.27% | 0.73% |
BALQ iShares Nasdaq Premium Income Active ETF | 18.59% | 0.04% |
Correlation
The correlation between NAPR and BALQ is 0.88, 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 | 0.88 |
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Return for Risk
NAPR vs. BALQ — Risk / Return Rank
NAPR
BALQ
Risk / return metrics aren't available yet — we need at least 12 months of trading data to calculate them.
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.
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.
| NAPR | BALQ | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | — | — | |
| Sortino ratioReturn per unit of downside risk | — | — | |
| Omega ratioGain probability vs. loss probability | 1.89 | — | — |
| Calmar ratioReturn relative to maximum drawdown | 9.08 | — | — |
| Martin ratioReturn relative to average drawdown | 53.80 | — | — |
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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.
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Drawdown Indicators
| NAPR | BALQ | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -16.53% | -11.79% | -4.74% |
Max Drawdown (1Y)Largest decline over 1 year | -1.79% | — | — |
Max Drawdown (3Y)Largest decline over 3 years | -14.52% | — | — |
Max Drawdown (5Y)Largest decline over 5 years | -16.53% | — | — |
Current DrawdownCurrent decline from peak | -1.24% | -3.71% | +2.47% |
Average DrawdownAverage peak-to-trough decline | -2.26% | -2.40% | +0.14% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 0.30% | — | — |
Volatility
NAPR vs. BALQ - Volatility Comparison
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Volatility by Period
| NAPR | BALQ | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 2.27% | — | — |
Volatility (6M)Calculated over the trailing 6-month period | 3.55% | — | — |
Volatility (1Y)Calculated over the trailing 1-year period | 4.34% | 20.62% | -16.28% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 11.31% | 20.62% | -9.31% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 10.60% | 20.62% | -10.02% |
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 4.76%.
| Position | TTM | 2025 |
|---|---|---|
BALQ iShares Nasdaq Premium Income Active ETF | 4.76% | 0.95% |
NAPR Innovator Nasdaq-100 Power Buffer ETF - April | 0.00% | 0.00% |
Frequently Asked Questions
NAPR and BALQ have a correlation of 0.88, 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 0.79% for NAPR.
BALQ has the higher dividend yield at 4.76%, compared with 0.00% for NAPR.
They also come from different issuers: Innovator and iShares. Their fees differ too: 0.79% for NAPR and 0.35% for BALQ.
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