QCLR vs. BALQ

Last updated Jun 25, 2026

QCLR (Global X NASDAQ 100 Collar 95-110 ETF) and BALQ (iShares Nasdaq Premium Income Active ETF) are both Nasdaq-100 funds. QCLR is passively managed, while BALQ is actively managed. Their correlation of 0.89 suggests significant overlap in exposure. QCLR charges 0.60%/yr vs 0.35%/yr for BALQ.

Performance

QCLR vs. BALQ - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Global X NASDAQ 100 Collar 95-110 ETF (QCLR) 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, QCLR achieves a -0.24% return, which is significantly lower than BALQ's 17.95% return.

QCLR

• 1D: -0.45%
• 1M: -1.31%
• YTD: -0.24%
• 6M: -1.20%
• 1Y: 7.72%
• 3Y*: 13.69%
• 5Y*: —
• 10Y*: —

BALQ

• 1D: -0.54%
• 1M: -0.66%
• YTD: 17.95%
• 6M: 16.38%
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —

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

QCLR vs. BALQ - Yearly Performance Comparison

	2026 (YTD)	2025
QCLR Global X NASDAQ 100 Collar 95-110 ETF	-0.24%	-1.35%
BALQ iShares Nasdaq Premium Income Active ETF	17.95%	0.04%

Correlation

The correlation between QCLR and BALQ is 0.89, 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	0.89

Return for Risk

QCLR vs. BALQ — Risk / Return Rank

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

QCLR

QCLR Risk / Return Rank: 23
QCLR Sharpe Ratio Rank: 24
QCLR Sortino Ratio Rank: 22
QCLR Omega Ratio Rank: 24
QCLR Calmar Ratio Rank: 19
QCLR Martin Ratio Rank: 23

BALQ

Risk / return metrics aren't available yet — we need at least 12 months of trading data to calculate them.

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.

QCLR vs. BALQ - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Global X NASDAQ 100 Collar 95-110 ETF (QCLR) 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.

	QCLR	BALQ	Difference
Sharpe ratio: Return per unit of total volatility	0.81	—	—
Sortino ratio: Return per unit of downside risk	1.12	—	—
Omega ratio: Gain probability vs. loss probability	1.15	—	—
Calmar ratio: Return relative to maximum drawdown	0.76	—	—
Martin ratio: Return relative to average drawdown	2.72	—	—

Drawdowns

QCLR vs. BALQ - Drawdown Comparison

The maximum QCLR drawdown since its inception was -21.77%, which is greater than BALQ's maximum drawdown of -11.79%. Use the drawdown chart below to compare losses from any high point for QCLR and BALQ.

Drawdown Indicators

	QCLR	BALQ	Difference
Max Drawdown Largest peak-to-trough decline	-21.77%	-11.79%	-9.98%
Max Drawdown (1Y) Largest decline over 1 year	-10.22%	—	—
Max Drawdown (3Y) Largest decline over 3 years	-13.58%	—	—
Current Drawdown Current decline from peak	-2.49%	-4.23%	+1.74%
Average Drawdown Average peak-to-trough decline	-6.13%	-2.42%	-3.71%
Ulcer Index Depth and duration of drawdowns from previous peaks	2.85%	—	—

Volatility

Volatility by Period

	QCLR	BALQ	Difference
Volatility (1M) Calculated over the trailing 1-month period	1.63%	—	—
Volatility (6M) Calculated over the trailing 6-month period	6.50%	—	—
Volatility (1Y) Calculated over the trailing 1-year period	9.67%	20.56%	-10.89%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	12.37%	20.56%	-8.19%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	12.37%	20.56%	-8.19%

QCLR vs. BALQ - Expense Ratio Comparison

QCLR has a 0.60% expense ratio, which is higher than BALQ's 0.35% expense ratio.

Dividends

QCLR vs. BALQ - Dividend Comparison

QCLR's dividend yield for the trailing twelve months is around 14.92%, more than BALQ's 4.78% yield.

Position	TTM	2025	2024	2023	2022	2021
BALQ iShares Nasdaq Premium Income Active ETF	4.78%	0.95%	0.00%	0.00%	0.00%	0.00%
QCLR Global X NASDAQ 100 Collar 95-110 ETF	14.92%	14.89%	8.89%	0.47%	0.27%	1.64%

Frequently Asked Questions

Can I hold both QCLR and BALQ in my portfolio?

QCLR and BALQ have a correlation of 0.89, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which ETF is better, QCLR 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, QCLR or BALQ?

BALQ is cheaper with a 0.35% expense ratio, compared with 0.60% for QCLR.

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

QCLR has the higher dividend yield at 14.92%, compared with 4.78% for BALQ.

What is the main difference between QCLR and BALQ?

They also come from different issuers: Global X and iShares. Their fees differ too: 0.60% for QCLR and 0.35% for BALQ.