QYLD vs. BALQ
QYLD (Global X NASDAQ 100 Covered Call ETF) and BALQ (iShares Nasdaq Premium Income Active ETF) are both Nasdaq-100 funds. QYLD is passively managed, while BALQ is actively managed. Their correlation of 0.91 means they have usually moved in the same direction. QYLD charges 0.60%/yr vs 0.35%/yr for BALQ.
Performance
QYLD vs. BALQ - Performance Comparison
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Returns By Period
In the year-to-date period, QYLD achieves a 8.73% return, which is significantly lower than BALQ's 18.43% return.
QYLD
- 1D
- 0.99%
- 1M
- 0.00%
- 6M
- 6.38%
- YTD
- 8.73%
- 1Y
- 21.85%
- 3Y*
- 13.13%
- 5Y*
- 7.94%
- 10Y*
- 9.65%
- ALL TIME*
- 8.64%
BALQ
- 1D
- 1.88%
- 1M
- 0.07%
- 6M
- 14.80%
- YTD
- 18.43%
- 1Y
- —
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
- ALL TIME*
- —
Liquidity Comparison
| Position | Avg. Volume Value (2W) | Avg. Volume Value (1M) | Avg. Volume Value (3M) |
|---|---|---|---|
| $313.33K | $255.38K | $181.78K | |
| $81.92M | $78.72M | $98.91M |
QYLD vs. BALQ - Yearly Performance Comparison
| 2026 (YTD) | 2025 | |
|---|---|---|
QYLD Global X NASDAQ 100 Covered Call ETF | 8.73% | 1.99% |
BALQ iShares Nasdaq Premium Income Active ETF | 18.43% | 0.04% |
Correlation
The correlation between QYLD and BALQ is 0.91, 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 | 0.91 |
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Return for Risk
QYLD vs. BALQ — Risk / Return Rank
QYLD
BALQ
Risk / return metrics aren't available yet — we need at least 12 months of trading data to calculate them.
QYLD vs. BALQ - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Global X NASDAQ 100 Covered Call ETF (QYLD) 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.
| QYLD | BALQ | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | — | — | |
| Sortino ratioReturn per unit of downside risk | — | — | |
| Omega ratioGain probability vs. loss probability | 1.40 | — | — |
| Calmar ratioReturn relative to maximum drawdown | 3.80 | — | — |
| Martin ratioReturn relative to average drawdown | 17.57 | — | — |
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Drawdowns
QYLD vs. BALQ - Drawdown Comparison
The maximum QYLD drawdown since its inception was -24.75%, which is greater than BALQ's maximum drawdown of -11.79%. Use the drawdown chart below to compare losses from any high point for QYLD and BALQ.
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Drawdown Indicators
| QYLD | BALQ | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -24.75% | -11.79% | -12.96% |
Max Drawdown (1Y)Largest decline over 1 year | -5.78% | — | — |
Max Drawdown (3Y)Largest decline over 3 years | -19.06% | — | — |
Max Drawdown (5Y)Largest decline over 5 years | -24.61% | — | — |
Max Drawdown (10Y)Largest decline over 10 years | -24.75% | — | — |
Current DrawdownCurrent decline from peak | -2.00% | -3.83% | +1.83% |
Average DrawdownAverage peak-to-trough decline | -3.81% | -2.73% | -1.08% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.25% | — | — |
Volatility
QYLD vs. BALQ - Volatility Comparison
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Volatility by Period
| QYLD | BALQ | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 5.17% | — | — |
Volatility (6M)Calculated over the trailing 6-month period | 10.07% | — | — |
Volatility (1Y)Calculated over the trailing 1-year period | 11.26% | 21.56% | -10.30% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 15.05% | 21.56% | -6.51% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 15.64% | 21.56% | -5.92% |
QYLD vs. BALQ - Expense Ratio Comparison
QYLD has a 0.60% expense ratio, which is higher than BALQ's 0.35% expense ratio.
Dividends
QYLD vs. BALQ - Dividend Comparison
QYLD's dividend yield for the trailing twelve months is around 11.78%, more than BALQ's 7.05% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
BALQ iShares Nasdaq Premium Income Active ETF | 7.05% | 0.95% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
QYLD Global X NASDAQ 100 Covered Call ETF | 11.78% | 11.55% | 12.50% | 11.78% | 13.75% | 12.85% | 11.16% | 9.84% | 12.44% | 7.69% | 9.15% | 9.42% |
Frequently Asked Questions
With a correlation of 0.91, QYLD 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.
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 QYLD.
QYLD has the higher dividend yield at 11.78%, compared with 7.05% for BALQ.
They also come from different issuers: Global X and iShares. Their fees differ too: 0.60% for QYLD and 0.35% for BALQ.
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