Data as of Sep 4, 2026. Both funds on the fields they both publish, from the same sources.
BALI vs SPY
iShares Advantage Large Cap Income ETF and SPDR S&P 500 ETF Trust.
What they hold in common
By the books each fund has filed, BALI and SPY hold 54% of their money in the same securities at the same weight.
| Holding | BALI | SPY |
|---|---|---|
| NVIDIA Corp | 7.73% | 7.52% |
| Apple Inc | 6.59% | 6.59% |
| Microsoft Corp | 7.90% | 4.30% |
| Amazon.com Inc | 4.52% | 3.62% |
| Alphabet Inc | 3.73% | 3.25% |
| Alphabet Inc | 2.02% | 2.59% |
| Meta Platforms Inc | 2.05% | 1.92% |
| Broadcom Inc | 1.80% | 2.77% |
| Tesla Inc | 1.40% | 1.84% |
| JPMorgan Chase & Co | 1.48% | 1.36% |
| Johnson & Johnson | 1.96% | 0.95% |
| Walmart Inc | 1.90% | 0.77% |
| Only in BALI | Only in SPY |
|---|---|
| Medtronic PLC 0.83% | Micron Technology, Inc. 2.02% |
| United Therapeutics Corp 0.53% | Advanced Micro Devices, Inc. 1.47% |
| CubeSmart 0.47% | Intel Corp. 1.02% |
| Annaly Capital Management Inc 0.46% | Applied Materials, Inc. 0.89% |
| Cal-Maine Foods Inc 0.41% | Exxon Mobil Corp. 0.88% |
| Rithm Capital Corp 0.30% | Caterpillar, Inc. 0.76% |
| Honeywell International Inc 0.29% | KLA Corp. 0.61% |
| Elastic NV 0.25% | GE Aerospace 0.60% |
Weight overlap is an ETFIQ calculation: for every security both funds hold, the smaller of the two weights, summed. Above 50%, holding both is close to holding one of them twice. Holdings as filed for Jun 30, 2026 and Sep 30, 2025.
| BALI iShares Advantage Large Cap Income ETF | SPY SPDR S&P 500 ETF Trust | |
|---|---|---|
| Where it sits | Income desk | Core fund |
| Issuer | iShares | State Street |
| What it is | covered call, vs SPY | S&P 500, book from IVV |
| Total return, 1 year | +20.9% | +20.0% |
| S&P 500 over the same days | +20.0% | +20.0% |
| Gap to the S&P 500 | +1.0 pts | +0.0 pts |
| Cash paid, 1 year | 8.6% | not an income fund |
| Expense ratio | not published | not published |
| Holdings | n/a | 504 |
BALI in plain words
Over the year to Sep 4, 2026, BALI paid 8.6% of its starting value in cash distributions while its price rose 11.4%. With every distribution reinvested, the fund returned +20.9%. S&P 500 (SPY) returned +20.0% over the same days, so a holder was ahead by 1.0 pts. At its price on Sep 4, 2026 the latest distribution annualises to 7.4%, paid monthly.
SPY in plain words
SPY is a index equity fund tracking S&P 500, book from IVV. Over the year to Sep 4, 2026 it returned +20.0% with distributions reinvested, against +20.0% for the S&P 500 and +25.6% for the Nasdaq-100. By its holdings filed for Jun 30, 2026, 100% of the fund by weight is stocks the S&P 500 also holds, across 504 positions, with the top ten at 36.4%.
Questions people ask
- Which returned more over the last year, BALI or SPY?
- In the year to Sep 4, 2026, with distributions reinvested, BALI returned +20.9% and SPY returned +20.0%, so BALI returned more. One year is one year; the longer windows are in the table.
- Are BALI and SPY the same kind of fund?
- No. BALI is an option-income ETF and SPY is an index ETF, so they are built for different jobs. The table compares what both publish: return, cost and what each actually holds.
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Where these figures came from
ETFIQ links to the documents behind every figure. It is not affiliated with any issuer, and a link is not an endorsement.
Cite this page. ETFIQ, BALI against SPY, data as of Sep 4, 2026. https://etfiq.com/compare/any/BALI-SPY.html Free to use with attribution; the underlying files are at Open data.
A comparison is not a recommendation. Standards and sources