QSPT vs. BALQ

Last updated Jun 25, 2026

QSPT (FT Cboe Vest Nasdaq-100 Buffer ETF – September) and BALQ (iShares Nasdaq Premium Income Active ETF) are both Nasdaq-100 funds. Both are actively managed. With a 0.96 correlation, they move nearly in lockstep. QSPT charges 0.90%/yr vs 0.35%/yr for BALQ.

Performance

QSPT vs. BALQ - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in FT Cboe Vest Nasdaq-100 Buffer ETF – September (QSPT) 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, QSPT achieves a 8.24% return, which is significantly lower than BALQ's 17.95% return.

QSPT

• 1D: -0.35%
• 1M: -0.35%
• YTD: 8.24%
• 6M: 7.49%
• 1Y: 17.33%
• 3Y*: 17.57%
• 5Y*: —
• 10Y*: —

BALQ

• 1D: -0.54%
• 1M: -0.66%
• YTD: 17.95%
• 6M: 16.38%
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —

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

QSPT vs. BALQ - Yearly Performance Comparison

	2026 (YTD)	2025
QSPT FT Cboe Vest Nasdaq-100 Buffer ETF – September	8.24%	0.03%
BALQ iShares Nasdaq Premium Income Active ETF	17.95%	0.04%

Correlation

The correlation between QSPT 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 3, 2025	0.96

Return for Risk

QSPT vs. BALQ — Risk / Return Rank

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

QSPT

QSPT Risk / Return Rank: 62
QSPT Sharpe Ratio Rank: 62
QSPT Sortino Ratio Rank: 61
QSPT Omega Ratio Rank: 65
QSPT Calmar Ratio Rank: 56
QSPT Martin Ratio Rank: 66

BALQ

Risk / return metrics aren't available yet — we need at least 12 months of trading data to calculate them.

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.

QSPT vs. BALQ - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for FT Cboe Vest Nasdaq-100 Buffer ETF – September (QSPT) 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.

	QSPT	BALQ	Difference
Sharpe ratio: Return per unit of total volatility	1.79	—	—
Sortino ratio: Return per unit of downside risk	2.51	—	—
Omega ratio: Gain probability vs. loss probability	1.34	—	—
Calmar ratio: Return relative to maximum drawdown	2.41	—	—
Martin ratio: Return relative to average drawdown	10.65	—	—

Drawdowns

QSPT vs. BALQ - Drawdown Comparison

The maximum QSPT drawdown since its inception was -22.64%, which is greater than BALQ's maximum drawdown of -11.79%. Use the drawdown chart below to compare losses from any high point for QSPT and BALQ.

Drawdown Indicators

	QSPT	BALQ	Difference
Max Drawdown Largest peak-to-trough decline	-22.64%	-11.79%	-10.85%
Max Drawdown (1Y) Largest decline over 1 year	-7.23%	—	—
Max Drawdown (3Y) Largest decline over 3 years	-15.38%	—	—
Current Drawdown Current decline from peak	-1.55%	-4.23%	+2.68%
Average Drawdown Average peak-to-trough decline	-4.56%	-2.42%	-2.14%
Ulcer Index Depth and duration of drawdowns from previous peaks	1.63%	—	—

Volatility

Volatility by Period

	QSPT	BALQ	Difference
Volatility (1M) Calculated over the trailing 1-month period	3.01%	—	—
Volatility (6M) Calculated over the trailing 6-month period	7.81%	—	—
Volatility (1Y) Calculated over the trailing 1-year period	9.74%	20.56%	-10.82%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	15.11%	20.56%	-5.45%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	15.11%	20.56%	-5.45%

QSPT vs. BALQ - Expense Ratio Comparison

QSPT has a 0.90% expense ratio, which is higher than BALQ's 0.35% expense ratio.

Dividends

QSPT vs. BALQ - Dividend Comparison

QSPT has not paid dividends to shareholders, while BALQ's dividend yield for the trailing twelve months is around 4.78%.

Position	TTM	2025
BALQ iShares Nasdaq Premium Income Active ETF	4.78%	0.95%
QSPT FT Cboe Vest Nasdaq-100 Buffer ETF – September	0.00%	0.00%

Frequently Asked Questions

Can I hold both QSPT and BALQ in my portfolio?

With a correlation of 0.96, QSPT 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.

Which ETF is better, QSPT 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, QSPT or BALQ?

BALQ is cheaper with a 0.35% expense ratio, compared with 0.90% for QSPT.

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

BALQ has the higher dividend yield at 4.78%, compared with 0.00% for QSPT.

What is the main difference between QSPT and BALQ?

They also come from different issuers: FT Vest and iShares. Their fees differ too: 0.90% for QSPT and 0.35% for BALQ.