OOQB vs. BALQ
OOQB (Volatility Shares One+One Nasdaq-100® and Bitcoin ETF) and BALQ (iShares Nasdaq Premium Income Active ETF) are both Nasdaq-100 funds. Both are actively managed. A 0.57 correlation means they provide meaningful diversification when combined. OOQB charges 0.75%/yr vs 0.35%/yr for BALQ.
Performance
OOQB vs. BALQ - Performance Comparison
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Returns By Period
In the year-to-date period, OOQB achieves a -18.43% return, which is significantly lower than BALQ's 22.89% return.
OOQB
- 1D
- 0.00%
- 1M
- 0.00%
- YTD
- -18.43%
- 6M
- -24.99%
- 1Y
- -27.35%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
BALQ
- 1D
- -0.21%
- 1M
- 11.15%
- YTD
- 22.89%
- 6M
- 22.29%
- 1Y
- —
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
OOQB vs. BALQ - Yearly Performance Comparison
| 2026 (YTD) | 2025 | |
|---|---|---|
OOQB Volatility Shares One+One Nasdaq-100® and Bitcoin ETF | -18.43% | -8.04% |
BALQ iShares Nasdaq Premium Income Active ETF | 22.89% | -0.49% |
Correlation
The correlation between OOQB and BALQ is 0.57, which is moderate. They share some common price drivers but move independently often enough to provide real diversification benefit when combined.
| Correlation | |
|---|---|
Correlation (All Time) Calculated using the full available price history since Dec 4, 2025 | 0.57 |
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Return for Risk
OOQB vs. BALQ — Risk / Return Rank
OOQB
BALQ
OOQB vs. BALQ - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Volatility Shares One+One Nasdaq-100® and Bitcoin ETF (OOQB) 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.
| OOQB | BALQ | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | — | — | |
| Sortino ratioReturn per unit of downside risk | — | — | |
| Omega ratioGain probability vs. loss probability | 0.94 | — | — |
| Calmar ratioReturn relative to maximum drawdown | -0.51 | — | — |
| Martin ratioReturn relative to average drawdown | -0.91 | — | — |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
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Sharpe Ratios by Period
| OOQB | BALQ | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | -0.53 | — | — |
Sharpe Ratio (All Time)Calculated using the full available price history | -0.41 | 2.81 | -3.22 |
Drawdowns
OOQB vs. BALQ - Drawdown Comparison
The maximum OOQB drawdown since its inception was -53.44%, which is greater than BALQ's maximum drawdown of -11.79%. Use the drawdown chart below to compare losses from any high point for OOQB and BALQ.
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Drawdown Indicators
| OOQB | BALQ | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -53.44% | -11.79% | -41.65% |
Max Drawdown (1Y)Largest decline over 1 year | -53.44% | — | — |
Current DrawdownCurrent decline from peak | -43.69% | -0.21% | -43.48% |
Average DrawdownAverage peak-to-trough decline | -23.26% | -2.37% | -20.89% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 30.11% | — | — |
Volatility
OOQB vs. BALQ - Volatility Comparison
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Volatility by Period
| OOQB | BALQ | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 0.00% | — | — |
Volatility (6M)Calculated over the trailing 6-month period | 39.39% | — | — |
Volatility (1Y)Calculated over the trailing 1-year period | 51.57% | 18.03% | +33.54% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 58.12% | 18.03% | +40.09% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 58.12% | 18.03% | +40.09% |
OOQB vs. BALQ - Expense Ratio Comparison
OOQB has a 0.75% expense ratio, which is higher than BALQ's 0.35% expense ratio.
Dividends
OOQB vs. BALQ - Dividend Comparison
OOQB's dividend yield for the trailing twelve months is around 11.62%, more than BALQ's 4.59% yield.
| Position | TTM | 2025 |
|---|---|---|
BALQ iShares Nasdaq Premium Income Active ETF | 4.59% | 0.95% |
OOQB Volatility Shares One+One Nasdaq-100® and Bitcoin ETF | 11.62% | 9.53% |
Frequently Asked Questions
OOQB and BALQ have a correlation of 0.57, 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 0.75% for OOQB.
OOQB has the higher dividend yield at 11.62%, compared with 4.59% for BALQ.
They also come from different issuers: Volatility Shares and iShares. Their fees differ too: 0.75% for OOQB and 0.35% for BALQ.
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