QQQT vs. BALQ
QQQT (Defiance Nasdaq 100 Income Target ETF) and BALQ (iShares Nasdaq Premium Income Active ETF) are both Nasdaq-100 funds. Both are actively managed. Their 0.98 correlation means they have historically moved very closely together. QQQT charges 1.05%/yr vs 0.35%/yr for BALQ.
Performance
QQQT vs. BALQ - Performance Comparison
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Returns By Period
In the year-to-date period, QQQT achieves a 13.07% return, which is significantly lower than BALQ's 18.43% return.
QQQT
- 1D
- 1.28%
- 1M
- -1.76%
- 6M
- 11.41%
- YTD
- 13.07%
- 1Y
- 22.78%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
- ALL TIME*
- 14.98%
BALQ
- 1D
- 1.88%
- 1M
- 0.07%
- 6M
- 14.80%
- YTD
- 18.43%
- 1Y
- —
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
- ALL TIME*
- —
Liquidity Comparison
| Position | Avg. Volume Value (2W) | Avg. Volume Value (1M) | Avg. Volume Value (3M) |
|---|---|---|---|
| $313.33K | $255.38K | $181.78K | |
| $676.38K | $582.63K | $768.61K |
QQQT vs. BALQ - Yearly Performance Comparison
| 2026 (YTD) | 2025 | |
|---|---|---|
QQQT Defiance Nasdaq 100 Income Target ETF | 13.07% | -1.45% |
BALQ iShares Nasdaq Premium Income Active ETF | 18.43% | 0.04% |
Correlation
The correlation between QQQT 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 Dec 3, 2025 | 0.98 |
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Return for Risk
QQQT vs. BALQ — Risk / Return Rank
QQQT
BALQ
Risk / return metrics aren't available yet — we need at least 12 months of trading data to calculate them.
QQQT vs. BALQ - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Defiance Nasdaq 100 Income Target ETF (QQQT) 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.
| QQQT | BALQ | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | — | — | |
| Sortino ratioReturn per unit of downside risk | — | — | |
| Omega ratioGain probability vs. loss probability | 1.24 | — | — |
| Calmar ratioReturn relative to maximum drawdown | 1.80 | — | — |
| Martin ratioReturn relative to average drawdown | 5.57 | — | — |
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Drawdowns
QQQT vs. BALQ - Drawdown Comparison
The maximum QQQT drawdown since its inception was -22.50%, which is greater than BALQ's maximum drawdown of -11.79%. Use the drawdown chart below to compare losses from any high point for QQQT and BALQ.
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Drawdown Indicators
| QQQT | BALQ | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -22.50% | -11.79% | -10.71% |
Max Drawdown (1Y)Largest decline over 1 year | -12.73% | — | — |
Current DrawdownCurrent decline from peak | -5.62% | -3.83% | -1.79% |
Average DrawdownAverage peak-to-trough decline | -4.02% | -2.73% | -1.29% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 4.10% | — | — |
Volatility
QQQT vs. BALQ - Volatility Comparison
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Volatility by Period
| QQQT | BALQ | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 6.32% | — | — |
Volatility (6M)Calculated over the trailing 6-month period | 15.03% | — | — |
Volatility (1Y)Calculated over the trailing 1-year period | 17.84% | 21.56% | -3.72% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 20.83% | 21.56% | -0.73% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 20.83% | 21.56% | -0.73% |
QQQT vs. BALQ - Expense Ratio Comparison
QQQT has a 1.05% expense ratio, which is higher than BALQ's 0.35% expense ratio.
Dividends
QQQT vs. BALQ - Dividend Comparison
QQQT's dividend yield for the trailing twelve months is around 20.79%, more than BALQ's 7.05% yield.
| Position | TTM | 2025 | 2024 |
|---|---|---|---|
BALQ iShares Nasdaq Premium Income Active ETF | 7.05% | 0.95% | 0.00% |
QQQT Defiance Nasdaq 100 Income Target ETF | 20.79% | 21.27% | 10.35% |
Frequently Asked Questions
With a correlation of 0.98, QQQT 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 1.05% for QQQT.
QQQT has the higher dividend yield at 20.79%, compared with 7.05% for BALQ.
They also come from different issuers: Defiance and iShares. Their fees differ too: 1.05% for QQQT and 0.35% for BALQ.
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