QDPL vs. BALI

Last updated Aug 2, 2026

QDPL (Pacer Metaurus US Large Cap Dividend Multiplier 400 ETF) and BALI (Blackrock Advantage Large Cap Income ETF) are both exchange-traded funds - QDPL is a Large Cap Blend Equities fund tracking the Metaurus US Large Cap Dividend Multiplier Index - Series 400, while BALI is a Derivative Income fund actively managed by BlackRock. QDPL is passively managed, while BALI is actively managed. Over the past year, QDPL returned 20.15% vs 23.42% for BALI. Their correlation of 0.91 means they have usually moved in the same direction. QDPL charges 0.60%/yr vs 0.35%/yr for BALI.

Performance

QDPL vs. BALI - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Pacer Metaurus US Large Cap Dividend Multiplier 400 ETF (QDPL) and Blackrock Advantage Large Cap Income ETF (BALI). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, QDPL achieves a 9.38% return, which is significantly lower than BALI's 12.53% return.

QDPL

• 1D: 0.60%
• 1M: -0.02%
• 6M: 8.07%
• YTD: 9.38%
• 1Y: 20.15%
• 3Y*: 17.85%
• 5Y*: 11.81%
• 10Y*: —
• ALL TIME*: 11.70%

BALI

• 1D: 0.56%
• 1M: 1.43%
• 6M: 10.03%
• YTD: 12.53%
• 1Y: 23.42%
• 3Y*: —
• 5Y*: —
• 10Y*: —
• ALL TIME*: 21.30%

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

Liquidity Comparison

Position	Avg. Volume Value (2W)	Avg. Volume Value (1M)	Avg. Volume Value (3M)
BALI Blackrock Advantage Large Cap Income ETF	$7.45M	$7.43M	$9.08M
QDPL Pacer Metaurus US Large Cap Dividend Multiplier 400 ETF	$5.21M	$5.24M	$6.26M

QDPL vs. BALI - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023
QDPL Pacer Metaurus US Large Cap Dividend Multiplier 400 ETF	9.38%	16.52%	22.83%	10.99%
BALI Blackrock Advantage Large Cap Income ETF	12.53%	14.51%	22.38%	9.71%

Correlation

The correlation between QDPL and BALI is 0.91, meaning they have usually moved in the same direction, including during past declines.

	Correlation
Correlation (1Y) Focuses on recent behavior, but can change the most.	0.91
Correlation (All Time) Calculated using the full available price history since Sep 28, 2023	0.91

The correlation between QDPL and BALI has been stable across timeframes, ranging from 0.91 to 0.91 - a consistent structural relationship.

QDPL vs. BALI - Sectors Allocation Comparison

Sectors	QDPL	BALI
Technology	31.0%	36.2%
Financial Services	10.0%	9.7%
Communication Services	7.6%	10.0%
Healthcare	7.5%	10.6%
Consumer Cyclical	7.2%	10.1%
Industrials	6.3%	8.1%
Consumer Defensive	3.8%	6.0%
Energy	2.8%	4.1%
Utilities	2.2%	1.6%
Real Estate	1.6%	2.2%
Basic Materials	1.5%	1.4%

Return for Risk

QDPL vs. BALI — Risk / Return Rank

Compare historical risk-adjusted metric ranks over the past 12 months.

QDPL

QDPL Risk / Return Rank: 63
QDPL Sharpe Ratio Rank: 61
QDPL Sortino Ratio Rank: 60
QDPL Omega Ratio Rank: 61
QDPL Calmar Ratio Rank: 60
QDPL Martin Ratio Rank: 73

BALI

BALI Risk / Return Rank: 87
BALI Sharpe Ratio Rank: 86
BALI Sortino Ratio Rank: 85
BALI Omega Ratio Rank: 86
BALI Calmar Ratio Rank: 85
BALI Martin Ratio Rank: 91

The rank (0–100) uses a weighted average of the Sharpe, Sortino, Omega, Calmar, and Martin percentile ranks for the trailing 12 months. Higher means stronger historical risk-adjusted performance within the peer group.

QDPL vs. BALI - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Pacer Metaurus US Large Cap Dividend Multiplier 400 ETF (QDPL) and Blackrock Advantage Large Cap Income ETF (BALI). 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.

	QDPL	BALI	Difference
Sharpe ratio: Return per unit of total volatility	1.43	2.02	-0.59
Sortino ratio: Return per unit of downside risk	2.03	2.80	-0.77
Omega ratio: Gain probability vs. loss probability	1.26	1.37	-0.12
Calmar ratio: Return relative to maximum drawdown	2.10	3.23	-1.12
Martin ratio: Return relative to average drawdown	9.06	15.05	-5.99

QDPL vs. BALI - Sharpe Ratio Comparison

The current QDPL Sharpe Ratio is 1.43, which is comparable to the BALI Sharpe Ratio of 2.02. The chart below compares the historical Sharpe Ratios of QDPL and BALI, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Drawdowns

QDPL vs. BALI - Drawdown Comparison

The maximum QDPL drawdown since its inception was -22.59%, which is greater than BALI's maximum drawdown of -16.65%. Use the drawdown chart below to compare losses from any high point for QDPL and BALI.

Drawdown Indicators

	QDPL	BALI	Difference
Max Drawdown Largest peak-to-trough decline	-22.59%	-16.65%	-5.94%
Max Drawdown (1Y) Largest decline over 1 year	-8.65%	-6.71%	-1.94%
Max Drawdown (3Y) Largest decline over 3 years	-17.75%	—	—
Max Drawdown (5Y) Largest decline over 5 years	-22.59%	—	—
Current Drawdown Current decline from peak	-1.57%	0.00%	-1.57%
Average Drawdown Average peak-to-trough decline	-5.04%	-1.60%	-3.44%
Ulcer Index Depth and duration of drawdowns from previous peaks	2.00%	1.44%	+0.56%

Volatility

QDPL vs. BALI - Volatility Comparison

Pacer Metaurus US Large Cap Dividend Multiplier 400 ETF (QDPL) and Blackrock Advantage Large Cap Income ETF (BALI) have volatilities of 3.02% and 2.93%, respectively, indicating that both stocks experience similar levels of price fluctuations. This suggests that the risk associated with both stocks, as measured by volatility, is nearly the same. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	QDPL	BALI	Difference
Volatility (1M) Calculated over the trailing 1-month period	3.02%	2.93%	+0.09%
Volatility (6M) Calculated over the trailing 6-month period	9.92%	8.42%	+1.50%
Volatility (1Y) Calculated over the trailing 1-year period	12.68%	10.73%	+1.95%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	15.02%	12.90%	+2.12%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	14.99%	12.90%	+2.09%

QDPL vs. BALI - Expense Ratio Comparison

QDPL has a 0.60% expense ratio, which is higher than BALI's 0.35% expense ratio.

Dividends

QDPL vs. BALI - Dividend Comparison

QDPL's dividend yield for the trailing twelve months is around 4.58%, less than BALI's 7.82% yield.

Position	TTM	2025	2024	2023	2022	2021
BALI Blackrock Advantage Large Cap Income ETF	7.23%	8.51%	7.13%	2.13%	0.00%	0.00%
QDPL Pacer Metaurus US Large Cap Dividend Multiplier 400 ETF	4.58%	4.84%	5.43%	6.30%	7.27%	2.44%

Frequently Asked Questions

Can I hold both QDPL and BALI in my portfolio?

With a correlation of 0.91, QDPL and BALI 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.

Which is riskier, QDPL or BALI?

QDPL has higher volatility (3.02%) compared to BALI (2.93%). In terms of maximum drawdown, QDPL dropped -22.59% vs BALI's -16.65%.

Which ETF is better, QDPL or BALI?

On 1-year performance, BALI leads with 23.42% vs 20.15% for QDPL. On fees, BALI is cheaper at 0.35% per year. Their volatility is very similar. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF has performed better, QDPL or BALI?

Over the 1-year period, BALI has performed better with a 23.42% return vs 20.15%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, QDPL or BALI?

BALI is cheaper with a 0.35% expense ratio, compared with 0.60% for QDPL.

Which ETF pays a higher dividend yield, QDPL or BALI?

BALI has the higher dividend yield at 7.23%, compared with 4.58% for QDPL.

What is the main difference between QDPL and BALI?

QDPL is categorized as Large Cap Blend Equities, while BALI is Derivative Income. They also come from different issuers: Pacer and BlackRock. Their fees differ too: 0.60% for QDPL and 0.35% for BALI.

Which has better risk-adjusted returns?

BALI currently has the higher Sharpe Ratio (2.02 vs 1.43), meaning it's delivered slightly more return per unit of risk over the trailing 12 months. However, this ranking shifts over time - use the Risk/Return Score above for a more comprehensive view that combines Sharpe, Sortino, and other measures used by quantitative funds.