QCLR vs. BALQ
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 0.92 suggests significant overlap in exposure. QCLR charges 0.60%/yr vs 0.35%/yr for BALQ.
Performance
QCLR vs. BALQ - Performance Comparison
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Returns By Period
In the year-to-date period, QCLR achieves a 1.40% return, which is significantly lower than BALQ's 22.89% return.
QCLR
- 1D
- 0.00%
- 1M
- 1.52%
- YTD
- 1.40%
- 6M
- -0.07%
- 1Y
- 11.39%
- 3Y*
- 13.84%
- 5Y*
- —
- 10Y*
- —
BALQ
- 1D
- -0.21%
- 1M
- 11.15%
- YTD
- 22.89%
- 6M
- 22.29%
- 1Y
- —
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
QCLR vs. BALQ - Yearly Performance Comparison
| 2026 (YTD) | 2025 | |
|---|---|---|
QCLR Global X NASDAQ 100 Collar 95-110 ETF | 1.40% | -1.45% |
BALQ iShares Nasdaq Premium Income Active ETF | 22.89% | -0.49% |
Correlation
The correlation between QCLR and BALQ is 0.92, 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 | 0.92 |
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Return for Risk
QCLR vs. BALQ — Risk / Return Rank
QCLR
BALQ
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.
| QCLR | BALQ | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | — | — | |
| Sortino ratioReturn per unit of downside risk | — | — | |
| Omega ratioGain probability vs. loss probability | 1.22 | — | — |
| Calmar ratioReturn relative to maximum drawdown | 1.12 | — | — |
| Martin ratioReturn relative to average drawdown | 4.02 | — | — |
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
| QCLR | BALQ | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 1.17 | — | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.67 | 2.81 | -2.14 |
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.
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Drawdown Indicators
| QCLR | BALQ | Difference | |
|---|---|---|---|
Max DrawdownLargest 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 DrawdownCurrent decline from peak | -0.89% | -0.21% | -0.68% |
Average DrawdownAverage peak-to-trough decline | -6.20% | -2.37% | -3.83% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.84% | — | — |
Volatility
QCLR vs. BALQ - Volatility Comparison
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Volatility by Period
| QCLR | BALQ | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 0.45% | — | — |
Volatility (6M)Calculated over the trailing 6-month period | 7.24% | — | — |
Volatility (1Y)Calculated over the trailing 1-year period | 9.82% | 18.03% | -8.21% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 12.42% | 18.03% | -5.61% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 12.42% | 18.03% | -5.61% |
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 14.68%, more than BALQ's 4.59% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 |
|---|---|---|---|---|---|---|
BALQ iShares Nasdaq Premium Income Active ETF | 4.59% | 0.95% | 0.00% | 0.00% | 0.00% | 0.00% |
QCLR Global X NASDAQ 100 Collar 95-110 ETF | 14.68% | 14.89% | 8.89% | 0.47% | 0.27% | 1.64% |
Frequently Asked Questions
With a correlation of 0.92, QCLR and BALQ move almost identically. Holding both adds very little diversification - you're essentially doubling your position in the same market segment. Choosing one is usually more capital-efficient.
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 0.60% for QCLR.
QCLR has the higher dividend yield at 14.68%, compared with 4.59% for BALQ.
They also come from different issuers: Global X and iShares. Their fees differ too: 0.60% for QCLR and 0.35% for BALQ.
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