ZHDG vs. BALI
Compare and contrast key facts about ZEGA Buy and Hedge ETF (ZHDG) and Blackrock Advantage Large Cap Income ETF (BALI).
ZHDG and BALI are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. ZHDG is an actively managed fund by ZEGA. It was launched on Jul 6, 2021. BALI is an actively managed fund by BlackRock. It was launched on Sep 26, 2023.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: ZHDG or BALI.
Correlation
The correlation between ZHDG and BALI is 0.76, which is considered to be high. That indicates a strong positive relationship between their price movements. Having highly-correlated positions in a portfolio may signal a lack of diversification, potentially leading to increased risk during market downturns.
Performance
ZHDG vs. BALI - Performance Comparison
Key characteristics
ZHDG:
1.83
BALI:
1.95
ZHDG:
2.43
BALI:
2.57
ZHDG:
1.34
BALI:
1.36
ZHDG:
1.81
BALI:
2.71
ZHDG:
10.59
BALI:
10.78
ZHDG:
1.90%
BALI:
1.95%
ZHDG:
11.03%
BALI:
10.80%
ZHDG:
-23.27%
BALI:
-7.74%
ZHDG:
-0.46%
BALI:
-0.46%
Returns By Period
In the year-to-date period, ZHDG achieves a 2.91% return, which is significantly lower than BALI's 3.32% return.
ZHDG
2.91%
1.46%
8.14%
19.92%
N/A
N/A
BALI
3.32%
0.76%
8.67%
21.31%
N/A
N/A
Compare stocks, funds, or ETFs
Search for stocks, ETFs, and funds for a quick comparison or use the comparison tool for more options.
ZHDG vs. BALI - Expense Ratio Comparison
ZHDG has a 0.98% expense ratio, which is higher than BALI's 0.35% expense ratio.
Risk-Adjusted Performance
ZHDG vs. BALI — Risk-Adjusted Performance Rank
ZHDG
BALI
ZHDG vs. BALI - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for ZEGA Buy and Hedge ETF (ZHDG) and Blackrock Advantage Large Cap Income ETF (BALI). 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.
Dividends
ZHDG vs. BALI - Dividend Comparison
ZHDG's dividend yield for the trailing twelve months is around 2.52%, less than BALI's 6.97% yield.
| TTM | 2024 | 2023 | 2022 | 2021 | |
|---|---|---|---|---|---|
ZHDG ZEGA Buy and Hedge ETF | 2.52% | 2.59% | 1.52% | 3.58% | 1.33% |
BALI Blackrock Advantage Large Cap Income ETF | 6.97% | 7.13% | 2.13% | 0.00% | 0.00% |
Drawdowns
ZHDG vs. BALI - Drawdown Comparison
The maximum ZHDG drawdown since its inception was -23.27%, which is greater than BALI's maximum drawdown of -7.74%. Use the drawdown chart below to compare losses from any high point for ZHDG and BALI. For additional features, visit the drawdowns tool.
Volatility
ZHDG vs. BALI - Volatility Comparison
ZEGA Buy and Hedge ETF (ZHDG) has a higher volatility of 2.71% compared to Blackrock Advantage Large Cap Income ETF (BALI) at 2.50%. This indicates that ZHDG's price experiences larger fluctuations and is considered to be riskier than BALI based on this measure. The chart below showcases a comparison of their rolling one-month volatility.