QQQA vs. BALQ
QQQA (ProShares Nasdaq-100 Dorsey Wright Momentum ETF) and BALQ (iShares Nasdaq Premium Income Active ETF) are both Nasdaq-100 funds. QQQA is passively managed, while BALQ is actively managed. Their correlation of 0.84 suggests significant overlap in exposure. QQQA charges 0.58%/yr vs 0.35%/yr for BALQ.
Performance
QQQA vs. BALQ - Performance Comparison
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Returns By Period
In the year-to-date period, QQQA achieves a 65.37% return, which is significantly higher than BALQ's 22.89% return.
QQQA
- 1D
- 2.20%
- 1M
- 23.31%
- YTD
- 65.37%
- 6M
- 67.98%
- 1Y
- 88.43%
- 3Y*
- 34.58%
- 5Y*
- 14.74%
- 10Y*
- —
BALQ
- 1D
- -0.21%
- 1M
- 11.15%
- YTD
- 22.89%
- 6M
- 22.29%
- 1Y
- —
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
QQQA vs. BALQ - Yearly Performance Comparison
| 2026 (YTD) | 2025 | |
|---|---|---|
QQQA ProShares Nasdaq-100 Dorsey Wright Momentum ETF | 65.37% | 1.58% |
BALQ iShares Nasdaq Premium Income Active ETF | 22.89% | -0.49% |
Correlation
The correlation between QQQA and BALQ is 0.84, 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 | 0.84 |
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Return for Risk
QQQA vs. BALQ — Risk / Return Rank
QQQA
BALQ
QQQA vs. BALQ - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for ProShares Nasdaq-100 Dorsey Wright Momentum ETF (QQQA) 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.
| QQQA | BALQ | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | — | — | |
| Sortino ratioReturn per unit of downside risk | — | — | |
| Omega ratioGain probability vs. loss probability | 1.54 | — | — |
| Calmar ratioReturn relative to maximum drawdown | 6.11 | — | — |
| Martin ratioReturn relative to average drawdown | 22.85 | — | — |
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
| QQQA | BALQ | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 3.41 | — | — |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.57 | — | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.59 | 2.81 | -2.23 |
Drawdowns
QQQA vs. BALQ - Drawdown Comparison
The maximum QQQA drawdown since its inception was -38.44%, which is greater than BALQ's maximum drawdown of -11.79%. Use the drawdown chart below to compare losses from any high point for QQQA and BALQ.
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Drawdown Indicators
| QQQA | BALQ | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -38.44% | -11.79% | -26.65% |
Max Drawdown (1Y)Largest decline over 1 year | -14.54% | — | — |
Max Drawdown (3Y)Largest decline over 3 years | -30.84% | — | — |
Max Drawdown (5Y)Largest decline over 5 years | -38.44% | — | — |
Current DrawdownCurrent decline from peak | 0.00% | -0.21% | +0.21% |
Average DrawdownAverage peak-to-trough decline | -15.68% | -2.37% | -13.31% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 3.88% | — | — |
Volatility
QQQA vs. BALQ - Volatility Comparison
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Volatility by Period
| QQQA | BALQ | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 10.17% | — | — |
Volatility (6M)Calculated over the trailing 6-month period | 22.18% | — | — |
Volatility (1Y)Calculated over the trailing 1-year period | 26.05% | 18.03% | +8.02% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 25.83% | 18.03% | +7.80% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 25.77% | 18.03% | +7.74% |
QQQA vs. BALQ - Expense Ratio Comparison
QQQA has a 0.58% expense ratio, which is higher than BALQ's 0.35% expense ratio.
Dividends
QQQA vs. BALQ - Dividend Comparison
QQQA's dividend yield for the trailing twelve months is around 0.06%, 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% |
QQQA ProShares Nasdaq-100 Dorsey Wright Momentum ETF | 0.06% | 0.10% | 0.09% | 0.34% | 0.28% | 0.10% |
Frequently Asked Questions
QQQA and BALQ have a correlation of 0.84, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
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 0.58% for QQQA.
BALQ has the higher dividend yield at 4.59%, compared with 0.06% for QQQA.
They also come from different issuers: ProShares and iShares. Their fees differ too: 0.58% for QQQA and 0.35% for BALQ.
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