QRMI vs. BALQ
QRMI (Global X NASDAQ 100 Risk Managed Income ETF) and BALQ (iShares Nasdaq Premium Income Active ETF) are both Nasdaq-100 funds. Both are actively managed. Their correlation of 0.88 means they have usually moved in the same direction. QRMI charges 0.60%/yr vs 0.35%/yr for BALQ.
Performance
QRMI vs. BALQ - Performance Comparison
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Returns By Period
In the year-to-date period, QRMI achieves a 2.13% return, which is significantly lower than BALQ's 20.79% return.
QRMI
- 1D
- 0.06%
- 1M
- -0.71%
- 6M
- 2.38%
- YTD
- 2.13%
- 1Y
- 8.80%
- 3Y*
- 6.65%
- 5Y*
- —
- 10Y*
- —
- ALL TIME*
- 1.58%
BALQ
- 1D
- -0.68%
- 1M
- 0.75%
- 6M
- 21.94%
- YTD
- 20.79%
- 1Y
- —
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
- ALL TIME*
- —
Liquidity Comparison
| Position | Avg. Volume Value (2W) | Avg. Volume Value (1M) | Avg. Volume Value (3M) |
|---|---|---|---|
| $290.28K | $234.43K | $183.19K | |
| $169.27K | $136.84K | $139.60K |
QRMI vs. BALQ - Yearly Performance Comparison
| 2026 (YTD) | 2025 | |
|---|---|---|
QRMI Global X NASDAQ 100 Risk Managed Income ETF | 2.13% | 1.27% |
BALQ iShares Nasdaq Premium Income Active ETF | 20.79% | 0.04% |
Correlation
The correlation between QRMI and BALQ is 0.88, meaning they have usually moved in the same direction, including during past declines.
| Correlation | |
|---|---|
Correlation (All Time) Calculated using the full available price history since Dec 3, 2025 | 0.88 |
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Return for Risk
QRMI vs. BALQ — Risk / Return Rank
QRMI
BALQ
Risk / return metrics aren't available yet — we need at least 12 months of trading data to calculate them.
QRMI vs. BALQ - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Global X NASDAQ 100 Risk Managed Income ETF (QRMI) 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.
| QRMI | BALQ | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | — | — | |
| Sortino ratioReturn per unit of downside risk | — | — | |
| Omega ratioGain probability vs. loss probability | 1.25 | — | — |
| Calmar ratioReturn relative to maximum drawdown | 1.75 | — | — |
| Martin ratioReturn relative to average drawdown | 6.56 | — | — |
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Drawdowns
QRMI vs. BALQ - Drawdown Comparison
The maximum QRMI drawdown since its inception was -20.95%, which is greater than BALQ's maximum drawdown of -11.79%. Use the drawdown chart below to compare losses from any high point for QRMI and BALQ.
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Drawdown Indicators
| QRMI | BALQ | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -20.95% | -11.79% | -9.16% |
Max Drawdown (1Y)Largest decline over 1 year | -5.04% | — | — |
Max Drawdown (3Y)Largest decline over 3 years | -8.43% | — | — |
Current DrawdownCurrent decline from peak | -1.43% | -1.92% | +0.49% |
Average DrawdownAverage peak-to-trough decline | -7.75% | -2.71% | -5.04% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.34% | — | — |
Volatility
QRMI vs. BALQ - Volatility Comparison
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Volatility by Period
| QRMI | BALQ | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 2.93% | — | — |
Volatility (6M)Calculated over the trailing 6-month period | 5.74% | — | — |
Volatility (1Y)Calculated over the trailing 1-year period | 6.75% | 21.68% | -14.93% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 8.39% | 21.68% | -13.29% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 8.39% | 21.68% | -13.29% |
QRMI vs. BALQ - Expense Ratio Comparison
QRMI has a 0.60% expense ratio, which is higher than BALQ's 0.35% expense ratio.
Dividends
QRMI vs. BALQ - Dividend Comparison
QRMI's dividend yield for the trailing twelve months is around 12.42%, more than BALQ's 6.92% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 |
|---|---|---|---|---|---|---|
BALQ iShares Nasdaq Premium Income Active ETF | 6.92% | 0.95% | 0.00% | 0.00% | 0.00% | 0.00% |
QRMI Global X NASDAQ 100 Risk Managed Income ETF | 12.42% | 12.28% | 11.80% | 12.44% | 10.65% | 3.36% |
Frequently Asked Questions
QRMI and BALQ have a correlation of 0.88, 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 0.60% for QRMI.
QRMI has the higher dividend yield at 12.42%, compared with 6.92% for BALQ.
They also come from different issuers: Global X and iShares. Their fees differ too: 0.60% for QRMI and 0.35% for BALQ.
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