QXQ vs. BALQ

Last updated Aug 2, 2026

QXQ (SGI Enhanced Nasdaq-100 ETF) and BALQ (iShares Nasdaq Premium Income Active ETF) are both Nasdaq-100 funds. Both are actively managed. Their 0.99 correlation means they have historically moved very closely together. QXQ charges 0.98%/yr vs 0.35%/yr for BALQ.

Performance

QXQ vs. BALQ - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in SGI Enhanced Nasdaq-100 ETF (QXQ) 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, QXQ achieves a 11.85% return, which is significantly lower than BALQ's 16.24% return.

QXQ

• 1D: 0.86%
• 1M: -3.40%
• 6M: 10.78%
• YTD: 11.85%
• 1Y: 26.05%
• 3Y*: —
• 5Y*: —
• 10Y*: —
• ALL TIME*: 19.84%

BALQ

• 1D: 1.14%
• 1M: -1.78%
• 6M: 13.78%
• YTD: 16.24%
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —
• ALL TIME*: —

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

Liquidity Comparison

Position	Avg. Volume Value (2W)	Avg. Volume Value (1M)	Avg. Volume Value (3M)
BALQ iShares Nasdaq Premium Income Active ETF	$303.15K	$247.56K	$176.54K
QXQ SGI Enhanced Nasdaq-100 ETF	$1.32M	$772.53K	$468.55K

QXQ vs. BALQ - Yearly Performance Comparison

	2026 (YTD)	2025
QXQ SGI Enhanced Nasdaq-100 ETF	11.85%	-0.75%
BALQ iShares Nasdaq Premium Income Active ETF	16.24%	0.04%

Correlation

The correlation between QXQ and BALQ is 0.99 - 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	0.99

Return for Risk

QXQ vs. BALQ — Risk / Return Rank

Compare historical risk-adjusted metric ranks over the past 12 months.

QXQ

QXQ Risk / Return Rank: 50
QXQ Sharpe Ratio Rank: 50
QXQ Sortino Ratio Rank: 48
QXQ Omega Ratio Rank: 46
QXQ Calmar Ratio Rank: 54
QXQ Martin Ratio Rank: 53

BALQ

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

The rank (0–100) uses a weighted average of the Sharpe, Sortino, Omega, Calmar, and Martin percentile ranks for the trailing 12 months. Higher means stronger historical risk-adjusted performance within the peer group.

QXQ vs. BALQ - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for SGI Enhanced Nasdaq-100 ETF (QXQ) 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.

	QXQ	BALQ	Difference
Sharpe ratio: Return per unit of total volatility	1.24	—	—
Sortino ratio: Return per unit of downside risk	1.75	—	—
Omega ratio: Gain probability vs. loss probability	1.21	—	—
Calmar ratio: Return relative to maximum drawdown	1.95	—	—
Martin ratio: Return relative to average drawdown	6.38	—	—

Drawdowns

QXQ vs. BALQ - Drawdown Comparison

The maximum QXQ drawdown since its inception was -22.53%, which is greater than BALQ's maximum drawdown of -11.79%. Use the drawdown chart below to compare losses from any high point for QXQ and BALQ.

Drawdown Indicators

	QXQ	BALQ	Difference
Max Drawdown Largest peak-to-trough decline	-22.53%	-11.79%	-10.74%
Max Drawdown (1Y) Largest decline over 1 year	-12.20%	—	—
Current Drawdown Current decline from peak	-7.73%	-5.61%	-2.12%
Average Drawdown Average peak-to-trough decline	-3.70%	-2.72%	-0.98%
Ulcer Index Depth and duration of drawdowns from previous peaks	3.72%	—	—

Volatility

Volatility by Period

	QXQ	BALQ	Difference
Volatility (1M) Calculated over the trailing 1-month period	7.02%	—	—
Volatility (6M) Calculated over the trailing 6-month period	15.79%	—	—
Volatility (1Y) Calculated over the trailing 1-year period	19.16%	21.51%	-2.35%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	22.24%	21.51%	+0.73%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	22.24%	21.51%	+0.73%

QXQ vs. BALQ - Expense Ratio Comparison

QXQ has a 0.98% expense ratio, which is higher than BALQ's 0.35% expense ratio.

Dividends

QXQ vs. BALQ - Dividend Comparison

QXQ's dividend yield for the trailing twelve months is around 16.03%, more than BALQ's 6.19% yield.

Position	TTM	2025	2024
BALQ iShares Nasdaq Premium Income Active ETF	6.19%	0.95%	0.00%
QXQ SGI Enhanced Nasdaq-100 ETF	16.03%	18.21%	1.97%

Frequently Asked Questions

Can I hold both QXQ and BALQ in my portfolio?

With a correlation of 0.99, QXQ 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, QXQ 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, QXQ or BALQ?

BALQ is cheaper with a 0.35% expense ratio, compared with 0.98% for QXQ.

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

QXQ has the higher dividend yield at 16.03%, compared with 6.19% for BALQ.

What is the main difference between QXQ and BALQ?

They also come from different issuers: Summit Global Investments and iShares. Their fees differ too: 0.98% for QXQ and 0.35% for BALQ.