Get the weekly note
ETFIQetfiq.com · independent ETF data

Data as of .

BALI vs GRNI: which paid, and which earned it?

BALI and GRNI both write options for income.

iShares U.S. Large Cap Premium Income Active ETF and Fundstrat Granny Shots US Large Cap & Income ETF.

8.5%BALI cash paid, 1 year
7.8%GRNI cash paid, 1 year
+18.5%BALI total return, 1 year
+14.5%GRNI total return, 1 year
BALI2 pts ahead of SPY · 1 year to Sep 18, 2026
SPY+16.6%BALI+18.5%8.5% of it arrived as cash2 pts ahead of SPYTotal return, distributions reinvestedSPY+16.6%BALI+18.5%2 pts ahead of SPY
GRNI2.1 pts behind SPY · since launch to Sep 18, 2026
SPY+16.6%GRNI+14.5%7.8% of it arrived as cash2.1 pts behind SPYTotal return, distributions reinvestedSPY+16.6%GRNI+14.5%2.1 pts behind SPY

What they hold in common

By the books each fund has filed, BALI and GRNI hold 28% of their money in the same securities at the same weight.

Positions BALI and GRNI both hold, largest shared weight first
HoldingBALIGRNI
AMAZON.COM INC3.29%2.99%
ALPHABET CLASS A2.70%2.96%
NVIDIA7.36%2.46%
APPLE6.15%2.39%
MICROSOFT5.07%2.37%
BROADCOM INC2.25%2.90%
META PLATFORMS CLASS A1.80%2.23%
CHEVRON1.65%2.46%
COSTCO WHOLESALE CORP1.64%2.37%
ADVANCED MICRO DEVICES1.30%4.11%
JPMORGAN CHASE & CO1.20%2.35%
TJX1.19%2.32%
Only in each
Only in BALIOnly in GRNI
BLK CSH FND TREASURY SL AGENCY 2.91%Quanta Services Inc 3.23%
ALPHABET CLASS C 2.38%Strategy Inc 3.04%
EXXONMOBIL HOLDINGS CORP 1.74%Arista Networks Inc 2.86%
BERKSHIRE HATHAWAY INC CLASS B 1.69%KLA Corp 2.75%
VISA CLASS A 1.55%Eaton Corp PLC 2.64%
MICRON TECHNOLOGY 1.50%Bank of New York Mellon Corp/T 2.61%
PROCTER & GAMBLE 1.45%ONEOK Inc 2.49%
VERIZON COMMUNICATIONS INC 1.31%Cadence Design Systems Inc 2.47%

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 dated Apr 30, 2026 and Sep 18, 2026.

Performance, window by window

BALI and GRNI over each window. Every figure is an ETFIQ calculation with distributions reinvested. Source: ETFIQ.
WindowTotal returnCash paidAgainst the benchmark
BALIGRNIBALIGRNIBALIGRNI
3 months+4.0%+2.1%2.0%2.5%+1.8 pts−0.2 pts
6 months+17.3%+16.3%4.7%5.4%−0.8 pts−1.8 pts
1 year+18.5%not published8.5%not published+2.0 ptsnot published
Since launch+76.3%+14.5%29.2%7.8%−8.0 pts−2.1 pts
Open the live comparison on ETFIQ
BALI and GRNI on the same fields, as of Sep 18, 2026. Source: ETFIQ.
BALI
iShares U.S. Large Cap Premium Income Active ETF
Covered call on SPY, paying monthly
GRNI
Fundstrat Granny Shots US Large Cap & Income ETF
Option income on SPY, paying monthly
IssueriSharesFundstrat
Strategycovered calloption income
BenchmarkS&P 500 (SPY)S&P 500 (SPY)
Paysmonthlymonthly
Payout rate, annualized7.5%10.0%
Expense ratio0.35%0.99%
Cash paid, 1 year8.5%7.8% (since launch on Nov 18, 2025)
Price change, 1 year+9.2%+6.2%
Total return, 1 year+18.5%+14.5% (since launch on Nov 18, 2025)
Benchmark return, 1 year+16.6%+16.6%
Ahead or behind+2.0 pts−2.1 pts
Return of capital, latest estimatenot publishednot published
Age1086 days304 days
Net assets$1.5bn$49m

BALI in plain words

Over the year to Sep 18, 2026, BALI paid 8.5% of its starting value in cash distributions while its price rose 9.2%. With every distribution reinvested, the fund returned +18.5%. S&P 500 (SPY) returned +16.6% over the same days, so a holder was ahead by 2.0 pts. At its price on Sep 18, 2026 the latest distribution annualizes to 7.5%, paid monthly.

GRNI in plain words

Over the period since launch on Nov 18, 2025 to Sep 18, 2026, GRNI paid 7.8% of its starting value in cash distributions while its price rose 6.2%. With every distribution reinvested, the fund returned +14.5%. S&P 500 (SPY) returned +16.6% over the same days, so a holder was behind by 2.1 pts. At its price on Sep 18, 2026 the latest distribution annualizes to 10.0%, paid monthly.

Questions people ask

Which is cheaper, BALI or GRNI?
BALI charges 0.35% a year and GRNI charges 0.99%, so BALI is cheaper. Fees come from each fund's prospectus.

Other comparisons

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.

BALI against GRNI, ETFIQ, data as of Sep 18, 2026. Every figure is calculated from a named public source; the method is at etfiq.com/methodology. A comparison is not a recommendation.

Cite this page. ETFIQ, BALI against GRNI, data as of Sep 18, 2026. https://etfiq.com/compare/income/bali-vs-grni Free to use with attribution; the underlying files are at Open data.

How every figure is computed · Standards and sources