Which paid more, BALI or MSFO?

Over the year to Oct 28, 2026, BALI paid 8.3% of its starting price in cash and MSFO paid 26.1%, so MSFO paid more. Cash paid is not the same as money made: the price change matters too.

Which returned more once distributions are counted, BALI or MSFO?

With every distribution reinvested, BALI returned +17.6% and MSFO +0.2% over the year to Oct 28, 2026.

Which is cheaper, BALI or MSFO?

BALI charges 0.35% a year and MSFO charges 1.03%, so BALI is cheaper. Fees come from each fund's prospectus.

Data as of Oct 28, 2026.

Income ETFs

BALI vs MSFO: Dividend Yield & Total Return

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Over the year to Oct 28, 2026, MSFO paid 26.1% of its price in cash against BALI’s 8.3%, though BALI returned more with it reinvested.

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Net assets on Oct 27, 2026: $1.6bn for iShares U.S. Large Cap Premium Income Active ETF and $100m for YieldMax MSFT Option Income Strategy ETF.

BALI on its own →MSFO on its own →

At a glance

8.3%

BALI cash paid, 1 year

26.1%

MSFO cash paid, 1 year

+17.6%

BALI total return, 1 year

+0.2%

MSFO total return, 1 year

BALI · 1 year to Oct 28, 2026 4 pts ahead of SPY

BALI

+17.6%

SPY

+13.6%

4 pts ahead of SPY

BALI over 1 year: paid 8.3%, price +8.4%, total +17.6%, SPY +13.6%, +4.0 pts. Data to Oct 28, 2026.

SPY

+13.6%

BALI

+17.6%

8.3% of it arrived as cash

4 pts ahead of SPY

Total return, distributions reinvested

4 pts ahead of SPY

BALI over 1 year: paid 8.3%, price +8.4%, total +17.6%, SPY +13.6%, +4.0 pts. Data to Oct 28, 2026.

SPY

+13.6%

BALI

+17.6%

4 pts ahead of SPY

8.3% of it arrived as cash. Total return, distributions reinvested. BALI over 1 year: paid 8.3%, price +8.4%, total +17.6%, SPY +13.6%, +4.0 pts. Data to Oct 28, 2026.

Data to Oct 28, 2026.

MSFO · 1 year to Oct 28, 2026 1.4 pts ahead of MSFT

MSFO

+0.2%

MSFT

−1.2%

1.4 pts ahead of MSFT

MSFO over 1 year: paid 26.1%, price −30.2%, total +0.2%, MSFT −1.2%, +1.4 pts. Data to Oct 28, 2026.

MSFT

−1.2%

MSFO

+0.2%

1.4 pts ahead of MSFT

Total return, distributions reinvested

1.4 pts ahead of MSFT

MSFO over 1 year: paid 26.1%, price −30.2%, total +0.2%, MSFT −1.2%, +1.4 pts. Data to Oct 28, 2026.

MSFT

−1.2%

MSFO

+0.2%

1.4 pts ahead of MSFT

26.1% of it arrived as cash. Both charts share one scale, with zero at the line. MSFO over 1 year: paid 26.1%, price −30.2%, total +0.2%, MSFT −1.2%, +1.4 pts. Data to Oct 28, 2026.

Data to Oct 28, 2026.

Pair scorecard

BALI costs 0.68 points a year less; their one-year returns differ by 17.4 points; BALI is 16.0 times larger.

Points (pts) are percentage points.

BALI vs MSFO: Dividend Yield & Total Return
Measure	BALI	MSFO
Paid and earned
Measure	BALI	MSFO
Total return, 1 year	+17.6%	+0.2%
Price change, 1 year	rose 8.4%	fell 30.2%
Return of capital, issuer estimate	0% of the Oct 6, 2026 payment	89% of the Oct 30, 2026 payment
Against its benchmark
Measure	BALI	MSFO
Benchmark	S&P 500, measured through SPY	Microsoft (MSFT)
Against its benchmark, same days	ahead by 4.0 pts	ahead by 1.4 pts
Cost and size
Measure	BALI	MSFO
Expense ratio	0.35%	1.03%
Net assets, as of Oct 27, 2026	$1.6bn	$100m
Holdings
Measure	BALI	MSFO
Holdings in common	0%

ETFIQ Distribution Coverage Score · BALI scores higher How much of what it paid out did its total return cover?

BALI among the 164 income ETFs not writing on a single company

IQ Income Score92.4BALI61.5MSFO

How much of its payouts the fund's total return covered, ranked against 164 income ETFs not writing on a single company and 74 income ETFs writing on a single company. 100 is best. How it is computed

BALI 92.4

0.3, the lowest in this set 99.7, the highest

MSFO among the 74 income ETFs writing on a single company

MSFO 61.5

0.7, the lowest in this set 99.3, the highest

A percentile among the 164 income ETFs not writing on a single company. MSFO is a percentile among the 74 income ETFs writing on a single company, a different set, so the two marks are not on one scale. One year only, and a ratio of two published numbers: it says nothing about where a distribution came from. All income ETFs ranked by it →

Holdings in common uses holdings dated Oct 27, 2026 and Oct 28, 2026. Method

What they share

By the books each fund has filed, BALI and MSFO hold 0% of their money in the same securities at the same weight. Holdings dated Oct 27, 2026 and Oct 28, 2026.

50%

0 half 100%

half

0% in common

Positions both hold · largest shared weight first BALI MSFO

Only in one fund ↓

Only in BALI

NVIDIA 7.15%

APPLE 6.30%

MICROSOFT 5.42%

AMAZON.COM INC 3.28%

ALPHABET CLASS A 2.33%

ALPHABET CLASS C 2.16%

BROADCOM INC 2.14%

EXXONMOBIL HOLDINGS CORP 1.91%

Only in MSFO

United States Treasury Note/Bond 2.375% 05/15/2027 25.91%

United States Treasury Note/Bond 3.375% 09/15/2027 13.60%

MSFT 11/20/2026 480.01 C 11.13%

MSFT US 10/30/26 C535 1.14%

MSFT US 10/30/26 C530 0.73%

MSFT US 10/30/26 C532.5 0.70%

MSFT 11/20/2026 480.01 P -0.54%

MSFT US 10/30/26 C522.5 -1.01%

Check overlap with more funds →

Side by side

BALI iShares U.S. Large Cap Premium Income Active ETF · Covered call on SPY, paying monthly MSFO YieldMax MSFT Option Income Strategy ETF · Synthetic covered call on MSFT, paying weekly

Issuer iShares YieldMax

Strategy covered call synthetic covered call

Benchmark S&P 500 (SPY) Microsoft (MSFT)

Pays monthly weekly

Payout rate, annualized 6.1% 34.0%

Expense ratio 0.35% 1.03%

Cash paid, 1 year 8.3% 26.1%

Price change, 1 year +8.4% −30.2%

Total return, 1 year +17.6% +0.2%

Benchmark return, 1 year +13.6% −1.2%

Ahead or behind +4.0 pts +1.4 pts

Return of capital, latest estimate 0% 89%

Age 3.1 years 3.2 years

Net assets, as of Oct 27, 2026 $1.6bn $100m

As of Oct 28, 2026. Source: ETFIQ. Cash paid: distributions over the window, as a share of the starting price. Payout rate: the latest payment, annualized, over today’s price.

Window by window

Window by window: BALI vs MSFO: Dividend Yield & Total Return
	Total return		Cash paid		Against the benchmark
Window	BALI	MSFO	BALI	MSFO	BALI	MSFO
3 months	+5.9%	+31.5%	1.7%	12.5%	−0.3 pts	−4.8 pts
6 months	+10.4%	+20.2%	3.9%	19.5%	+1.3 pts	−5.4 pts
1 year	+17.6%	+0.2%	8.3%	26.1%	+4.0 pts	+1.5 pts
3 years	+85.1%	+57.1%	30.9%	79.1%	−9.9 pts	−7.7 pts
Since launchNot the same days: BALI Sep 2023 · MSFO Aug 2023	+78.9%	+64.8%	29.9%	83.2%	−8.0 pts	−3.4 pts

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Client brief · page 1 of 2 Report BR-57F1A2C6EC

BALI and MSFO are built for the same job. How do they differ in cost, holdings and results?

Income paid. BALI paid 8.3% and MSFO 26.1% (cash paid over 1 year, as a share of its price at the start), a gap of 17.8 points.
What each is measured against. BALI is measured against S&P 500 through SPY and MSFO against Microsoft (MSFT).
Holdings in common. 0% of the weight is in the same securities (holdings dated Oct 27, 2026 and Oct 28, 2026).

Data as of Oct 28, 2026.

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About each fund

BALI

Over the year to Oct 28, 2026, BALI paid 8.3% of its starting value in cash distributions while its price rose 8.4%. With every distribution reinvested, the fund returned +17.6%. S&P 500 (SPY) returned +13.6% over the same days, so a holder was ahead by 4.0 pts. At its price on Oct 28, 2026 the latest distribution annualizes to 6.1%, paid monthly. iShares estimates that 0% of the distribution paid Oct 6, 2026 was a return of capital (its 19a-1 notice). That is a tax label, not a measure of erosion.

MSFO

Over the year to Oct 28, 2026, MSFO paid 26.1% of its starting value in cash distributions while its price fell 30.2%. With every distribution reinvested, the fund returned +0.2%. Microsoft (MSFT) returned −1.2% over the same days, so a holder was ahead by 1.4 pts. At its price on Oct 28, 2026 the latest distribution annualizes to 34.0%, paid weekly. YieldMax estimates that 89% of the distribution paid Oct 30, 2026 was a return of capital (its 19a-1 notice).

Questions people ask

Which paid more, BALI or MSFO?: Over the year to Oct 28, 2026, BALI paid 8.3% of its starting price in cash and MSFO paid 26.1%, so MSFO paid more. Cash paid is not the same as money made: the price change matters too.
Which returned more once distributions are counted, BALI or MSFO?: With every distribution reinvested, BALI returned +17.6% and MSFO +0.2% over the year to Oct 28, 2026.
Which is cheaper, BALI or MSFO?: BALI charges 0.35% a year and MSFO charges 1.03%, so BALI is cheaper. Fees come from each fund's prospectus.

Other comparisons

BALI vs MAGY BALI vs CONY BALI vs PAPI BALI vs SIOO MSFO vs ISPY MSFO vs XYLD MSFO vs GPIX MSFO vs DIVO

Where to next

S&P 500 (SPY) →BALI on its own →MSFO on its own →BALI dividend history →BALI holdings →MSFO dividend history →MSFO holdings →Method →Standards and sources →

Sources and dates

BALI filings on SEC EDGAR ↗

BALI prospectus with the expense ratio (SEC) ↗

BALI 19a-1 distribution notice ↗

iShares page for BALI ↗

MSFO filings on SEC EDGAR ↗

MSFO prospectus with the expense ratio (SEC) ↗

MSFO 19a-1 distribution notice ↗

YieldMax page for MSFO ↗

Links are sources, not endorsements. A comparison is not a recommendation.

How this is computed

It is a place in a set, not a rating or a recommendation.

Overlap adds up the smaller of the two weights for each security both funds hold.

Every number is an ETFIQ calculation with distributions reinvested.

Cite this pageCitation, APA and Markdown

ETFIQ, BALI against MSFO, data as of Oct 28, 2026. https://etfiq.com/compare/income/bali-vs-msfo

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Free to use with attribution for data ETFIQ computes; issuer data stays under its owner's terms.