QYLG vs. BALQ
QYLG (Global X Nasdaq 100 Covered Call & Growth ETF) and BALQ (iShares Nasdaq Premium Income Active ETF) are both Nasdaq-100 funds. QYLG is passively managed, while BALQ is actively managed. With a 0.98 correlation, they move nearly in lockstep. QYLG charges 0.60%/yr vs 0.35%/yr for BALQ.
Performance
QYLG vs. BALQ - Performance Comparison
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Returns By Period
In the year-to-date period, QYLG achieves a 12.38% return, which is significantly lower than BALQ's 18.59% return.
QYLG
- 1D
- -2.59%
- 1M
- 0.48%
- YTD
- 12.38%
- 6M
- 11.55%
- 1Y
- 29.18%
- 3Y*
- 20.15%
- 5Y*
- 12.12%
- 10Y*
- —
BALQ
- 1D
- -3.11%
- 1M
- -0.12%
- YTD
- 18.59%
- 6M
- 17.39%
- 1Y
- —
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
QYLG vs. BALQ - Yearly Performance Comparison
| 2026 (YTD) | 2025 | |
|---|---|---|
QYLG Global X Nasdaq 100 Covered Call & Growth ETF | 12.38% | 0.36% |
BALQ iShares Nasdaq Premium Income Active ETF | 18.59% | 0.04% |
Correlation
The correlation between QYLG and BALQ is 0.98 - 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 | 0.98 |
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Return for Risk
QYLG vs. BALQ — Risk / Return Rank
QYLG
BALQ
Risk / return metrics aren't available yet — we need at least 12 months of trading data to calculate them.
QYLG vs. BALQ - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Global X Nasdaq 100 Covered Call & Growth ETF (QYLG) 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.
| QYLG | BALQ | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | — | — | |
| Sortino ratioReturn per unit of downside risk | — | — | |
| Omega ratioGain probability vs. loss probability | 1.39 | — | — |
| Calmar ratioReturn relative to maximum drawdown | 3.48 | — | — |
| Martin ratioReturn relative to average drawdown | 15.22 | — | — |
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Drawdowns
QYLG vs. BALQ - Drawdown Comparison
The maximum QYLG drawdown since its inception was -29.98%, which is greater than BALQ's maximum drawdown of -11.79%. Use the drawdown chart below to compare losses from any high point for QYLG and BALQ.
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Drawdown Indicators
| QYLG | BALQ | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -29.98% | -11.79% | -18.19% |
Max Drawdown (1Y)Largest decline over 1 year | -8.42% | — | — |
Max Drawdown (3Y)Largest decline over 3 years | -20.75% | — | — |
Max Drawdown (5Y)Largest decline over 5 years | -29.98% | — | — |
Current DrawdownCurrent decline from peak | -2.94% | -3.71% | +0.77% |
Average DrawdownAverage peak-to-trough decline | -6.37% | -2.40% | -3.97% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.92% | — | — |
Volatility
QYLG vs. BALQ - Volatility Comparison
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Volatility by Period
| QYLG | BALQ | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 6.71% | — | — |
Volatility (6M)Calculated over the trailing 6-month period | 11.50% | — | — |
Volatility (1Y)Calculated over the trailing 1-year period | 13.67% | 20.62% | -6.95% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 18.19% | 20.62% | -2.43% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 18.05% | 20.62% | -2.57% |
QYLG vs. BALQ - Expense Ratio Comparison
QYLG has a 0.60% expense ratio, which is higher than BALQ's 0.35% expense ratio.
Dividends
QYLG vs. BALQ - Dividend Comparison
QYLG's dividend yield for the trailing twelve months is around 16.69%, more than BALQ's 4.76% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 |
|---|---|---|---|---|---|---|---|
BALQ iShares Nasdaq Premium Income Active ETF | 4.76% | 0.95% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
QYLG Global X Nasdaq 100 Covered Call & Growth ETF | 16.69% | 17.93% | 25.27% | 5.43% | 6.91% | 10.15% | 1.44% |
Frequently Asked Questions
With a correlation of 0.98, QYLG 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 QYLG.
QYLG has the higher dividend yield at 16.69%, compared with 4.76% for BALQ.
They also come from different issuers: Global X and iShares. Their fees differ too: 0.60% for QYLG and 0.35% for BALQ.
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