QQXT vs. BALQ

Last updated Jun 4, 2026

QQXT (First Trust Nasdaq-100 Ex-Technology Sector Index Fund) and BALQ (iShares Nasdaq Premium Income Active ETF) are both Nasdaq-100 funds. QQXT is passively managed, while BALQ is actively managed. At a 0.47 correlation, their price movements are largely independent. QQXT charges 0.60%/yr vs 0.35%/yr for BALQ.

Performance

QQXT vs. BALQ - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in First Trust Nasdaq-100 Ex-Technology Sector Index Fund (QQXT) and iShares Nasdaq Premium Income Active ETF (BALQ). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, QQXT achieves a -1.57% return, which is significantly lower than BALQ's 22.89% return.

QQXT

• 1D: -0.25%
• 1M: -0.88%
• YTD: -1.57%
• 6M: -1.64%
• 1Y: -0.05%
• 3Y*: 7.28%
• 5Y*: 4.06%
• 10Y*: 10.01%

BALQ

• 1D: -0.21%
• 1M: 11.15%
• YTD: 22.89%
• 6M: 22.29%
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —

*Multi-year figures are annualized to reflect compound growth (CAGR)

QQXT vs. BALQ - Yearly Performance Comparison

	2026 (YTD)	2025
QQXT First Trust Nasdaq-100 Ex-Technology Sector Index Fund	-1.57%	-0.08%
BALQ iShares Nasdaq Premium Income Active ETF	22.89%	-0.49%

Correlation

The correlation between QQXT and BALQ is 0.47, which is low. Their price movements are largely independent, making them effective diversification partners.

	Correlation
Correlation (All Time) Calculated using the full available price history since Dec 4, 2025	0.47

Return for Risk

QQXT vs. BALQ — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.

QQXT

QQXT Risk / Return Rank: 8
QQXT Sharpe Ratio Rank: 9
QQXT Sortino Ratio Rank: 8
QQXT Omega Ratio Rank: 8
QQXT Calmar Ratio Rank: 9
QQXT Martin Ratio Rank: 9

The rank (0–100) shows how this investment's returns compare to the risk taken. Higher = better. Based on the past 12 months of data, combining Sharpe, Sortino, and other metrics used by quantitative funds and institutional investors.

QQXT vs. BALQ - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for First Trust Nasdaq-100 Ex-Technology Sector Index Fund (QQXT) 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.

	QQXT	BALQ	Difference
Sharpe ratio: Return per unit of total volatility	-0.00	—	—
Sortino ratio: Return per unit of downside risk	0.07	—	—
Omega ratio: Gain probability vs. loss probability	1.01	—	—
Calmar ratio: Return relative to maximum drawdown	-0.01	—	—
Martin ratio: Return relative to average drawdown	-0.01	—	—
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

Sharpe Ratios by Period

	QQXT	BALQ	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	-0.00	—	—
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	0.25	—	—
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	0.57	—	—
Sharpe Ratio (All Time) Calculated using the full available price history	0.45	2.81	-2.36

Drawdowns

QQXT vs. BALQ - Drawdown Comparison

The maximum QQXT drawdown since its inception was -57.45%, which is greater than BALQ's maximum drawdown of -11.79%. Use the drawdown chart below to compare losses from any high point for QQXT and BALQ.

Drawdown Indicators

	QQXT	BALQ	Difference
Max Drawdown Largest peak-to-trough decline	-57.45%	-11.79%	-45.66%
Max Drawdown (1Y) Largest decline over 1 year	-7.59%	—	—
Max Drawdown (3Y) Largest decline over 3 years	-14.92%	—	—
Max Drawdown (5Y) Largest decline over 5 years	-24.74%	—	—
Max Drawdown (10Y) Largest decline over 10 years	-30.40%	—	—
Current Drawdown Current decline from peak	-5.98%	-0.21%	-5.77%
Average Drawdown Average peak-to-trough decline	-8.11%	-2.37%	-5.74%
Ulcer Index Depth and duration of drawdowns from previous peaks	3.18%	—	—

Volatility

Volatility by Period

	QQXT	BALQ	Difference
Volatility (1M) Calculated over the trailing 1-month period	2.44%	—	—
Volatility (6M) Calculated over the trailing 6-month period	7.65%	—	—
Volatility (1Y) Calculated over the trailing 1-year period	10.77%	18.03%	-7.26%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	16.25%	18.03%	-1.78%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	17.54%	18.03%	-0.49%

QQXT vs. BALQ - Expense Ratio Comparison

QQXT has a 0.60% expense ratio, which is higher than BALQ's 0.35% expense ratio.

Dividends

QQXT vs. BALQ - Dividend Comparison

QQXT's dividend yield for the trailing twelve months is around 1.23%, less than BALQ's 4.59% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
BALQ iShares Nasdaq Premium Income Active ETF	4.59%	0.95%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
QQXT First Trust Nasdaq-100 Ex-Technology Sector Index Fund	1.23%	1.20%	0.98%	1.10%	0.92%	0.35%	0.28%	0.35%	0.38%	0.32%	0.31%	0.40%

Frequently Asked Questions

Can I hold both QQXT and BALQ in my portfolio?

QQXT and BALQ have a correlation of 0.47, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which ETF is better, QQXT or BALQ?

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.

Which ETF is cheaper, QQXT or BALQ?

BALQ is cheaper with a 0.35% expense ratio, compared with 0.60% for QQXT.

Which ETF pays a higher dividend yield, QQXT or BALQ?

BALQ has the higher dividend yield at 4.59%, compared with 1.23% for QQXT.

What is the main difference between QQXT and BALQ?

They also come from different issuers: First Trust and iShares. Their fees differ too: 0.60% for QQXT and 0.35% for BALQ.