QQQH vs. BALQ
QQQH (NEOS Nasdaq-100 Hedged Equity Income ETF) and BALQ (iShares Nasdaq Premium Income Active ETF) are both Nasdaq-100 funds. Both are actively managed. Their 0.97 correlation means they have historically moved very closely together. QQQH charges 0.68%/yr vs 0.35%/yr for BALQ.
Performance
QQQH vs. BALQ - Performance Comparison
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Returns By Period
In the year-to-date period, QQQH achieves a 6.32% return, which is significantly lower than BALQ's 21.62% return.
QQQH
- 1D
- 1.44%
- 1M
- 0.44%
- 6M
- 6.29%
- YTD
- 6.32%
- 1Y
- 13.37%
- 3Y*
- 18.06%
- 5Y*
- 7.57%
- 10Y*
- —
- ALL TIME*
- 9.98%
BALQ
- 1D
- 2.69%
- 1M
- 2.76%
- 6M
- 19.70%
- YTD
- 21.62%
- 1Y
- —
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
- ALL TIME*
- —
Liquidity Comparison
| Position | Avg. Volume Value (2W) | Avg. Volume Value (1M) | Avg. Volume Value (3M) |
|---|---|---|---|
| $314.59K | $249.46K | $183.11K | |
| $1.75M | $1.56M | $1.79M |
QQQH vs. BALQ - Yearly Performance Comparison
| 2026 (YTD) | 2025 | |
|---|---|---|
QQQH NEOS Nasdaq-100 Hedged Equity Income ETF | 6.32% | -0.06% |
BALQ iShares Nasdaq Premium Income Active ETF | 21.62% | 0.04% |
Correlation
The correlation between QQQH and BALQ is 0.97 - 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 Dec 3, 2025 | 0.97 |
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Return for Risk
QQQH vs. BALQ — Risk / Return Rank
QQQH
BALQ
Risk / return metrics aren't available yet — we need at least 12 months of trading data to calculate them.
QQQH vs. BALQ - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for NEOS Nasdaq-100 Hedged Equity Income ETF (QQQH) 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.
| QQQH | 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 | 1.93 | — | — |
| Martin ratioReturn relative to average drawdown | 7.08 | — | — |
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Drawdowns
QQQH vs. BALQ - Drawdown Comparison
The maximum QQQH drawdown since its inception was -31.24%, which is greater than BALQ's maximum drawdown of -11.79%. Use the drawdown chart below to compare losses from any high point for QQQH and BALQ.
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Drawdown Indicators
| QQQH | BALQ | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -31.24% | -11.79% | -19.45% |
Max Drawdown (1Y)Largest decline over 1 year | -6.96% | — | — |
Max Drawdown (3Y)Largest decline over 3 years | -15.18% | — | — |
Max Drawdown (5Y)Largest decline over 5 years | -31.24% | — | — |
Current DrawdownCurrent decline from peak | -1.49% | -1.25% | -0.24% |
Average DrawdownAverage peak-to-trough decline | -8.11% | -2.72% | -5.39% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.89% | — | — |
Volatility
QQQH vs. BALQ - Volatility Comparison
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Volatility by Period
| QQQH | BALQ | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 4.21% | — | — |
Volatility (6M)Calculated over the trailing 6-month period | 9.39% | — | — |
Volatility (1Y)Calculated over the trailing 1-year period | 11.50% | 21.72% | -10.22% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 13.47% | 21.72% | -8.25% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 13.47% | 21.72% | -8.25% |
QQQH vs. BALQ - Expense Ratio Comparison
QQQH has a 0.68% expense ratio, which is higher than BALQ's 0.35% expense ratio.
Dividends
QQQH vs. BALQ - Dividend Comparison
QQQH's dividend yield for the trailing twelve months is around 8.97%, more than BALQ's 6.87% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 |
|---|---|---|---|---|---|---|---|---|
BALQ iShares Nasdaq Premium Income Active ETF | 6.87% | 0.95% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
QQQH NEOS Nasdaq-100 Hedged Equity Income ETF | 8.97% | 8.86% | 7.53% | 7.18% | 9.05% | 7.77% | 7.48% | 0.65% |
Frequently Asked Questions
With a correlation of 0.97, QQQH 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 0.68% for QQQH.
QQQH has the higher dividend yield at 8.97%, compared with 6.87% for BALQ.
They also come from different issuers: Neos and iShares. Their fees differ too: 0.68% for QQQH and 0.35% for BALQ.
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