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 0.89 suggests significant overlap in exposure. 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 7.89% return, which is significantly lower than BALQ's 18.59% return.
QYLD
- 1D
- -1.97%
- 1M
- 1.41%
- YTD
- 7.89%
- 6M
- 7.59%
- 1Y
- 22.55%
- 3Y*
- 13.99%
- 5Y*
- 8.26%
- 10Y*
- 9.99%
BALQ
- 1D
- -3.11%
- 1M
- -0.12%
- YTD
- 18.59%
- 6M
- 17.39%
- 1Y
- —
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
QYLD vs. BALQ - Yearly Performance Comparison
| 2026 (YTD) | 2025 | |
|---|---|---|
QYLD Global X NASDAQ 100 Covered Call ETF | 7.89% | 1.99% |
BALQ iShares Nasdaq Premium Income Active ETF | 18.59% | 0.04% |
Correlation
The correlation between QYLD and BALQ is 0.89, indicating a strong positive relationship between their price movements. Combining them offers limited diversification - they tend to fall together during downturns.
| Correlation | |
|---|---|
Correlation (All Time) Calculated using the full available price history since Dec 3, 2025 | 0.89 |
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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 | 1.52 | — | — |
| Calmar ratioReturn relative to maximum drawdown | 4.56 | — | — |
| Martin ratioReturn relative to average drawdown | 25.38 | — | — |
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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 | -4.97% | — | — |
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 | -2.10% | -3.71% | +1.61% |
Average DrawdownAverage peak-to-trough decline | -3.82% | -2.40% | -1.42% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 0.89% | — | — |
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 | 4.78% | — | — |
Volatility (6M)Calculated over the trailing 6-month period | 8.50% | — | — |
Volatility (1Y)Calculated over the trailing 1-year period | 9.70% | 20.62% | -10.92% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 14.84% | 20.62% | -5.78% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 15.56% | 20.62% | -5.06% |
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 11.68%, more than BALQ's 4.76% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
BALQ iShares Nasdaq Premium Income Active ETF | 4.76% | 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 | 11.68% | 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
QYLD and BALQ have a correlation of 0.89, 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 QYLD.
QYLD has the higher dividend yield at 11.68%, compared with 4.76% 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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