QQWZ vs. BALQ
QQWZ (Pacer Cash COWZ 100-Nasdaq 100 Rotator ETF) and BALQ (iShares Nasdaq Premium Income Active ETF) are both Nasdaq-100 funds. Both are actively managed. A 0.60 correlation means they provide meaningful diversification when combined. QQWZ charges 0.49%/yr vs 0.35%/yr for BALQ.
Performance
QQWZ vs. BALQ - Performance Comparison
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Returns By Period
In the year-to-date period, QQWZ achieves a 18.92% return, which is significantly lower than BALQ's 22.89% return.
QQWZ
- 1D
- -0.24%
- 1M
- 10.66%
- YTD
- 18.92%
- 6M
- 16.34%
- 1Y
- 37.59%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
BALQ
- 1D
- -0.21%
- 1M
- 11.15%
- YTD
- 22.89%
- 6M
- 22.29%
- 1Y
- —
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
QQWZ vs. BALQ - Yearly Performance Comparison
| 2026 (YTD) | 2025 | |
|---|---|---|
QQWZ Pacer Cash COWZ 100-Nasdaq 100 Rotator ETF | 18.92% | -2.17% |
BALQ iShares Nasdaq Premium Income Active ETF | 22.89% | -0.49% |
Correlation
The correlation between QQWZ and BALQ is 0.60, which is moderate. They share some common price drivers but move independently often enough to provide real diversification benefit when combined.
| Correlation | |
|---|---|
Correlation (All Time) Calculated using the full available price history since Dec 4, 2025 | 0.60 |
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Return for Risk
QQWZ vs. BALQ — Risk / Return Rank
QQWZ
BALQ
QQWZ vs. BALQ - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Pacer Cash COWZ 100-Nasdaq 100 Rotator ETF (QQWZ) 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.
| QQWZ | BALQ | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | — | — | |
| Sortino ratioReturn per unit of downside risk | — | — | |
| Omega ratioGain probability vs. loss probability | 1.49 | — | — |
| Calmar ratioReturn relative to maximum drawdown | 4.84 | — | — |
| Martin ratioReturn relative to average drawdown | 17.81 | — | — |
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
| QQWZ | BALQ | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 2.75 | — | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 3.26 | 2.81 | +0.45 |
Drawdowns
QQWZ vs. BALQ - Drawdown Comparison
The maximum QQWZ drawdown since its inception was -7.81%, smaller than the maximum BALQ drawdown of -11.79%. Use the drawdown chart below to compare losses from any high point for QQWZ and BALQ.
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Drawdown Indicators
| QQWZ | BALQ | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -7.81% | -11.79% | +3.98% |
Max Drawdown (1Y)Largest decline over 1 year | -7.81% | — | — |
Current DrawdownCurrent decline from peak | -0.24% | -0.21% | -0.03% |
Average DrawdownAverage peak-to-trough decline | -1.36% | -2.37% | +1.01% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.12% | — | — |
Volatility
QQWZ vs. BALQ - Volatility Comparison
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Volatility by Period
| QQWZ | BALQ | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 4.35% | — | — |
Volatility (6M)Calculated over the trailing 6-month period | 8.85% | — | — |
Volatility (1Y)Calculated over the trailing 1-year period | 13.77% | 18.03% | -4.26% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 14.22% | 18.03% | -3.81% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 14.22% | 18.03% | -3.81% |
QQWZ vs. BALQ - Expense Ratio Comparison
QQWZ has a 0.49% expense ratio, which is higher than BALQ's 0.35% expense ratio.
Dividends
QQWZ vs. BALQ - Dividend Comparison
QQWZ's dividend yield for the trailing twelve months is around 0.31%, less than BALQ's 4.59% yield.
| Position | TTM | 2025 |
|---|---|---|
BALQ iShares Nasdaq Premium Income Active ETF | 4.59% | 0.95% |
QQWZ Pacer Cash COWZ 100-Nasdaq 100 Rotator ETF | 0.31% | 0.11% |
Frequently Asked Questions
QQWZ and BALQ have a correlation of 0.60, 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 0.49% for QQWZ.
BALQ has the higher dividend yield at 4.59%, compared with 0.31% for QQWZ.
They also come from different issuers: Pacer and iShares. Their fees differ too: 0.49% for QQWZ and 0.35% for BALQ.
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