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. Their 0.98 correlation means they have historically moved very closely together. 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 10.36% return, which is significantly lower than BALQ's 16.24% return.
QYLG
- 1D
- 0.84%
- 1M
- -2.12%
- 6M
- 8.81%
- YTD
- 10.36%
- 1Y
- 23.14%
- 3Y*
- 17.42%
- 5Y*
- 11.09%
- 10Y*
- —
- ALL TIME*
- 13.87%
BALQ
- 1D
- 1.14%
- 1M
- -1.78%
- 6M
- 13.78%
- YTD
- 16.24%
- 1Y
- —
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
- ALL TIME*
- —
Liquidity Comparison
| Position | Avg. Volume Value (2W) | Avg. Volume Value (1M) | Avg. Volume Value (3M) |
|---|---|---|---|
| $303.15K | $247.56K | $176.54K | |
| $1.64M | $1.48M | $1.35M |
QYLG vs. BALQ - Yearly Performance Comparison
| 2026 (YTD) | 2025 | |
|---|---|---|
QYLG Global X Nasdaq 100 Covered Call & Growth ETF | 10.36% | 0.36% |
BALQ iShares Nasdaq Premium Income Active ETF | 16.24% | 0.04% |
Correlation
The correlation between QYLG and BALQ is 0.98 - 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 | 0.98 |
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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 | 1.26 | — | — |
| Calmar ratioReturn relative to maximum drawdown | 2.55 | — | — |
| Martin ratioReturn relative to average drawdown | 9.39 | — | — |
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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 | -4.69% | -5.61% | +0.92% |
Average DrawdownAverage peak-to-trough decline | -6.32% | -2.72% | -3.60% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.29% | — | — |
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 | 5.92% | — | — |
Volatility (6M)Calculated over the trailing 6-month period | 12.85% | — | — |
Volatility (1Y)Calculated over the trailing 1-year period | 15.01% | 21.51% | -6.50% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 18.38% | 21.51% | -3.13% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 18.08% | 21.51% | -3.43% |
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 17.61%, more than BALQ's 6.19% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 |
|---|---|---|---|---|---|---|---|
BALQ iShares Nasdaq Premium Income Active ETF | 6.19% | 0.95% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
QYLG Global X Nasdaq 100 Covered Call & Growth ETF | 17.61% | 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 17.61%, compared with 6.19% 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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