QQMG vs. BALQ
QQMG (Invesco ESG NASDAQ 100 ETF) and BALQ (iShares Nasdaq Premium Income Active ETF) are both Nasdaq-100 funds. QQMG is passively managed, while BALQ is actively managed. With a 0.99 correlation, they move nearly in lockstep. QQMG charges 0.20%/yr vs 0.35%/yr for BALQ.
Performance
QQMG vs. BALQ - Performance Comparison
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Returns By Period
The year-to-date returns for both investments are quite close, with QQMG having a 21.86% return and BALQ slightly higher at 22.89%.
QQMG
- 1D
- -0.41%
- 1M
- 11.51%
- YTD
- 21.86%
- 6M
- 20.50%
- 1Y
- 44.32%
- 3Y*
- 29.63%
- 5Y*
- —
- 10Y*
- —
BALQ
- 1D
- -0.21%
- 1M
- 11.15%
- YTD
- 22.89%
- 6M
- 22.29%
- 1Y
- —
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
QQMG vs. BALQ - Yearly Performance Comparison
| 2026 (YTD) | 2025 | |
|---|---|---|
QQMG Invesco ESG NASDAQ 100 ETF | 21.86% | -1.12% |
BALQ iShares Nasdaq Premium Income Active ETF | 22.89% | -0.49% |
Correlation
The correlation between QQMG and BALQ is 0.99 - these two move nearly in lockstep. At this level, holding both provides almost no diversification benefit. If you already own one, adding the other does little to reduce portfolio risk.
| Correlation | |
|---|---|
Correlation (All Time) Calculated using the full available price history since Dec 4, 2025 | 0.99 |
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Return for Risk
QQMG vs. BALQ — Risk / Return Rank
QQMG
BALQ
QQMG vs. BALQ - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Invesco ESG NASDAQ 100 ETF (QQMG) 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.
| QQMG | BALQ | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | — | — | |
| Sortino ratioReturn per unit of downside risk | — | — | |
| Omega ratioGain probability vs. loss probability | 1.44 | — | — |
| Calmar ratioReturn relative to maximum drawdown | 3.51 | — | — |
| Martin ratioReturn relative to average drawdown | 13.08 | — | — |
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
| QQMG | BALQ | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 2.66 | — | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.74 | 2.81 | -2.07 |
Drawdowns
QQMG vs. BALQ - Drawdown Comparison
The maximum QQMG drawdown since its inception was -35.43%, which is greater than BALQ's maximum drawdown of -11.79%. Use the drawdown chart below to compare losses from any high point for QQMG and BALQ.
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Drawdown Indicators
| QQMG | BALQ | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -35.43% | -11.79% | -23.64% |
Max Drawdown (1Y)Largest decline over 1 year | -12.67% | — | — |
Max Drawdown (3Y)Largest decline over 3 years | -22.79% | — | — |
Current DrawdownCurrent decline from peak | -0.41% | -0.21% | -0.20% |
Average DrawdownAverage peak-to-trough decline | -9.61% | -2.37% | -7.24% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 3.40% | — | — |
Volatility
QQMG vs. BALQ - Volatility Comparison
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Volatility by Period
| QQMG | BALQ | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 4.76% | — | — |
Volatility (6M)Calculated over the trailing 6-month period | 12.90% | — | — |
Volatility (1Y)Calculated over the trailing 1-year period | 16.77% | 18.03% | -1.26% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 23.60% | 18.03% | +5.57% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 23.60% | 18.03% | +5.57% |
QQMG vs. BALQ - Expense Ratio Comparison
QQMG has a 0.20% expense ratio, which is lower than BALQ's 0.35% expense ratio.
Dividends
QQMG vs. BALQ - Dividend Comparison
QQMG's dividend yield for the trailing twelve months is around 0.34%, less 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% |
QQMG Invesco ESG NASDAQ 100 ETF | 0.34% | 0.41% | 0.50% | 0.60% | 0.82% | 0.08% |
Frequently Asked Questions
With a correlation of 0.99, QQMG 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, QQMG is cheaper at 0.20% per year. The better choice depends on whether you care most about return, fees, risk, or income.
QQMG is cheaper with a 0.20% expense ratio, compared with 0.35% for BALQ.
BALQ has the higher dividend yield at 4.59%, compared with 0.34% for QQMG.
They also come from different issuers: Invesco and iShares. Their fees differ too: 0.20% for QQMG and 0.35% for BALQ.
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