QQQH vs. BALQ
QQQH (NEOS Nasdaq-100 Hedged Equity Income ETF) and BALQ (iShares Nasdaq Premium Income Active ETF) are both Nasdaq-100 funds. With a 0.96 correlation, they move nearly in lockstep. 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 7.91% return, which is significantly lower than BALQ's 22.89% return.
QQQH
- 1D
- -0.02%
- 1M
- 4.93%
- YTD
- 7.91%
- 6M
- 7.82%
- 1Y
- 20.09%
- 3Y*
- 20.71%
- 5Y*
- 9.42%
- 10Y*
- —
BALQ
- 1D
- -0.21%
- 1M
- 11.15%
- YTD
- 22.89%
- 6M
- 22.29%
- 1Y
- —
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
QQQH vs. BALQ - Yearly Performance Comparison
| 2026 (YTD) | 2025 | |
|---|---|---|
QQQH NEOS Nasdaq-100 Hedged Equity Income ETF | 7.91% | -0.08% |
BALQ iShares Nasdaq Premium Income Active ETF | 22.89% | -0.49% |
Correlation
The correlation between QQQH and BALQ is 0.96 - 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 | 0.96 |
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Return for Risk
QQQH vs. BALQ — Risk / Return Rank
QQQH
BALQ
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.
| QQQH | BALQ | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | — | — | |
| Sortino ratioReturn per unit of downside risk | — | — | |
| Omega ratioGain probability vs. loss probability | 1.39 | — | — |
| Calmar ratioReturn relative to maximum drawdown | 2.90 | — | — |
| Martin ratioReturn relative to average drawdown | 12.60 | — | — |
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
| QQQH | BALQ | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 2.09 | — | — |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.72 | — | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.79 | 2.81 | -2.03 |
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 | -0.02% | -0.21% | +0.19% |
Average DrawdownAverage peak-to-trough decline | -8.27% | -2.37% | -5.90% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.60% | — | — |
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 | 1.73% | — | — |
Volatility (6M)Calculated over the trailing 6-month period | 7.34% | — | — |
Volatility (1Y)Calculated over the trailing 1-year period | 9.67% | 18.03% | -8.36% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 13.20% | 18.03% | -4.83% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 13.37% | 18.03% | -4.66% |
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 8.74%, more than BALQ's 4.59% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 |
|---|---|---|---|---|---|---|---|---|
BALQ iShares Nasdaq Premium Income Active ETF | 4.59% | 0.95% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
QQQH NEOS Nasdaq-100 Hedged Equity Income ETF | 8.74% | 8.86% | 7.53% | 7.18% | 9.05% | 7.77% | 7.48% | 0.65% |
Frequently Asked Questions
With a correlation of 0.96, 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 8.74%, compared with 4.59% 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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