QNDX vs. BALQ
QNDX (SPDR Portfolio Nasdaq 100 ETF) and BALQ (iShares Nasdaq Premium Income Active ETF) are both Nasdaq-100 funds. QNDX is passively managed, while BALQ is actively managed. Their 0.98 correlation means they have historically moved very closely together. QNDX charges 0.10%/yr vs 0.35%/yr for BALQ.
Performance
QNDX vs. BALQ - Performance Comparison
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Returns By Period
QNDX
- 1D
- -0.86%
- 1M
- -0.69%
- 6M
- —
- YTD
- —
- 1Y
- —
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
- ALL TIME*
- —
BALQ
- 1D
- -0.68%
- 1M
- 0.75%
- 6M
- 21.94%
- YTD
- 20.79%
- 1Y
- —
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
- ALL TIME*
- —
Liquidity Comparison
| Position | Avg. Volume Value (2W) | Avg. Volume Value (1M) | Avg. Volume Value (3M) |
|---|---|---|---|
| $290.28K | $234.43K | $183.19K | |
| $14.09M | $14.07M | $12.53M |
QNDX vs. BALQ - Yearly Performance Comparison
| 2026 (YTD) | |
|---|---|
QNDX SPDR Portfolio Nasdaq 100 ETF | 0.41% |
BALQ iShares Nasdaq Premium Income Active ETF | 1.86% |
Correlation
The correlation between QNDX and BALQ is 0.98 - they have historically moved very closely together. At this level, their price movements offset little of one another.
| Correlation | |
|---|---|
Correlation (All Time) Calculated using the full available price history since Jun 24, 2026 | 0.98 |
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Return for Risk
QNDX vs. BALQ - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for SPDR Portfolio Nasdaq 100 ETF (QNDX) 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.
Risk / return metrics aren't available yet — we need at least 12 months of trading data to calculate them.
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Drawdowns
QNDX vs. BALQ - Drawdown Comparison
The maximum QNDX drawdown since its inception was -10.10%, smaller than the maximum BALQ drawdown of -11.79%. Use the drawdown chart below to compare losses from any high point for QNDX and BALQ.
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Drawdown Indicators
| QNDX | BALQ | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -10.10% | -11.79% | +1.69% |
Current DrawdownCurrent decline from peak | -2.57% | -1.92% | -0.65% |
Average DrawdownAverage peak-to-trough decline | -3.71% | -2.71% | -1.00% |
Volatility
QNDX vs. BALQ - Volatility Comparison
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Volatility by Period
| QNDX | BALQ | Difference | |
|---|---|---|---|
Volatility (1Y)Calculated over the trailing 1-year period | 24.98% | 21.68% | +3.30% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 24.98% | 21.68% | +3.30% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 24.98% | 21.68% | +3.30% |
QNDX vs. BALQ - Expense Ratio Comparison
QNDX has a 0.10% expense ratio, which is lower than BALQ's 0.35% expense ratio.
Dividends
QNDX vs. BALQ - Dividend Comparison
QNDX has not paid dividends to shareholders, while BALQ's dividend yield for the trailing twelve months is around 6.92%.
| Position | TTM | 2025 |
|---|---|---|
BALQ iShares Nasdaq Premium Income Active ETF | 6.92% | 0.95% |
QNDX SPDR Portfolio Nasdaq 100 ETF | 0.00% | 0.00% |
Frequently Asked Questions
With a correlation of 0.98, QNDX 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, QNDX is cheaper at 0.10% per year. The better choice depends on whether you care most about return, fees, risk, or income.
QNDX is cheaper with a 0.10% expense ratio, compared with 0.35% for BALQ.
BALQ has the higher dividend yield at 6.92%, compared with 0.00% for QNDX.
They also come from different issuers: State Street and iShares. Their fees differ too: 0.10% for QNDX and 0.35% for BALQ.
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