Which paid more, BALI or OEI?

Over the year to Nov 4, 2026, BALI paid 8.4% of its starting price in cash and OEI paid 9.2%, so OEI 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 OEI?

With every distribution reinvested, BALI returned +17.6% and OEI +12.9% over the year to Nov 4, 2026.

Which is cheaper, BALI or OEI?

BALI charges 0.35% a year and OEI charges 1.02%, so BALI is cheaper. Fees come from each fund's prospectus.

Data as of Nov 4, 2026.

Income ETFs

BALI vs OEI: Dividend Yield & Total Return

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Over the year to Nov 4, 2026, OEI paid 9.2% of its price in cash against BALI’s 8.4%, though BALI returned more with it reinvested.

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Net assets: $1.5bn on Nov 3, 2026 for iShares U.S. Large Cap Premium Income Active ETF, and $46m on Jul 31, 2026 for Optimized Equity Income ETF.

BALI on its own →OEI on its own →

At a glance

8.4%

BALI cash paid, 1 year

9.2%

OEI cash paid, 1 year

+17.6%

BALI total return, 1 year

+12.9%

OEI total return, 1 year

BALI · 1 year to Nov 4, 2026 2.8 pts ahead of SPY

BALI

+17.6%

SPY

+14.8%

2.8 pts ahead of SPY

BALI over 1 year: paid 8.4%, price +8.4%, total +17.6%, SPY +14.8%, +2.8 pts. Data to Nov 4, 2026.

SPY

+14.8%

BALI

+17.6%

8.4% of it arrived as cash

2.8 pts ahead of SPY

Total return, distributions reinvested

2.8 pts ahead of SPY

BALI over 1 year: paid 8.4%, price +8.4%, total +17.6%, SPY +14.8%, +2.8 pts. Data to Nov 4, 2026.

SPY

+14.8%

BALI

+17.6%

2.8 pts ahead of SPY

8.4% of it arrived as cash. Total return, distributions reinvested. BALI over 1 year: paid 8.4%, price +8.4%, total +17.6%, SPY +14.8%, +2.8 pts. Data to Nov 4, 2026.

Data to Nov 4, 2026.

OEI · 1 year to Nov 4, 2026 1.9 pts behind SPY

OEI

+12.9%

SPY

+14.8%

1.9 pts behind SPY

OEI over 1 year: paid 9.2%, price +3.0%, total +12.9%, SPY +14.8%, −1.9 pts. Data to Nov 4, 2026.

SPY

+14.8%

OEI

+12.9%

9.2% of it arrived as cash

1.9 pts behind SPY

Total return, distributions reinvested

1.9 pts behind SPY

OEI over 1 year: paid 9.2%, price +3.0%, total +12.9%, SPY +14.8%, −1.9 pts. Data to Nov 4, 2026.

SPY

+14.8%

OEI

+12.9%

9.2% cash

1.9 pts behind SPY

9.2% of it arrived as cash. Both charts share one scale, 0 to +17.6%. OEI over 1 year: paid 9.2%, price +3.0%, total +12.9%, SPY +14.8%, −1.9 pts. Data to Nov 4, 2026.

Both charts share one scale, 0 to +17.6%. Data to Nov 4, 2026.

Pair scorecard

BALI costs 0.67 points a year less; their one-year returns differ by 4.7 points.

Points (pts) are percentage points.

BALI vs OEI: Dividend Yield & Total Return
Measure	BALI	OEI
Paid and earned
Measure	BALI	OEI
Total return, 1 year	+17.6%	+12.9%
Price change, 1 year	rose 8.4%	rose 3.0%
Return of capital, issuer estimate	84% of the Nov 5, 2026 payment
Against its benchmark
Measure	BALI	OEI
Benchmark	S&P 500, measured through SPY	S&P 500, measured through SPY
Cost and size
Measure	BALI	OEI
Expense ratio	0.35%	1.02%
Net assets, BALI as of Nov 3, 2026 and OEI as of Jul 31, 2026	$1.5bn	$46m
Holdings
Measure	BALI	OEI
Holdings in common	59%

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

IQ Income Score88.3BALI75.7OEI

How much of its payouts the fund's total return covered, ranked against 167 income ETFs not writing on a single company. 100 is best. How it is computed

BALI 88.3

OEI 75.7

0.3, the lowest in this set 99.7, the highest

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 →

Method

What they share

59%

By the books each fund has filed, BALI and OEI hold 59% of their money in the same securities at the same weight. Holdings dated Jul 31, 2026 and Nov 3, 2026.

50%

0 half 100%

half

59% in common

Positions both hold · largest shared weight first BALI OEI

NVIDIA 6.95% 8.22%

MICROSOFT 5.46% 5.93%

APPLE 6.17% 4.23%

AMAZON.COM INC 3.33% 4.51%

BROADCOM INC 2.12% 3.01%

ALPHABET CLASS A 2.09% 3.44%

ALPHABET CLASS C 1.95% 2.76%

EXXONMOBIL HOLDINGS CORP 1.93% 2.04%

META PLATFORMS CLASS A 1.63% 2.15%

BERKSHIRE HATHAWAY INC CLASS B 1.88% 1.58%

ELI LILLY 1.37% 1.78%

CHEVRON 1.81% 1.29%

Only in one fund ↓

Only in BALI

UNITED PARCEL SERVICE INC CLASS B 1.27%

LOCKHEED MARTIN 1.01%

WEC ENERGY GROUP 0.88%

CARDINAL HEALTH 0.76%

AMETEK INC 0.70%

PHILLIPS 66 0.67%

AIRBNB CLASS A 0.66%

3M 0.63%

Only in OEI

Johnson & Johnson 2.08%

Mastercard Inc 1.55%

General Electric Co 1.39%

Home Depot Inc 1.16%

Walmart Inc 1.12%

RTX Corp 1.08%

Philip Morris International In 1.03%

Wells Fargo & Co 0.90%

Check overlap with more funds →

Side by side

BALI iShares U.S. Large Cap Premium Income Active ETF · Covered call on SPY, paying monthly OEI Optimized Equity Income ETF · Option income on SPY, paying monthly

Issuer iShares Core Alternative

Strategy covered call option income

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

Pays monthly monthly

Payout rate, annualized 6.5% 9.6%

Expense ratio 0.35% 1.02%

Cash paid, 1 year 8.4% 9.2%

Price change, 1 year +8.4% +3.0%

Total return, 1 year +17.6% +12.9%

Benchmark return, 1 year +14.8% +14.8%

Ahead or behind +2.8 pts −1.9 pts

Return of capital, latest estimate 84% not published

Age 3.1 years 1.0 years

Net assets, BALI as of Nov 3, 2026 and OEI as of Jul 31, 2026 $1.5bn $46m

As of Nov 4, 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 OEI: Dividend Yield & Total Return
	Total return		Cash paid		Against the benchmark
Window	BALI	OEI	BALI	OEI	BALI	OEI
3 months	0.0%	+3.3%	1.7%	2.4%	+0.1 pts	+3.4 pts
6 months	+6.5%	+6.3%	3.7%	4.7%	+1.4 pts	+1.3 pts
1 year	+17.6%	+12.9%	8.4%	9.2%	+2.8 pts	−1.9 pts
3 years	+74.1%	–	29.6%	–	−8.8 pts	–
Since launchNot the same days: BALI Sep 2023 · OEI Oct 2025	+77.2%	+15.0%	30.6%	9.4%	−8.4 pts	−1.1 pts

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Alert

About each fund

BALI

Over the year to Nov 4, 2026, BALI paid 8.4% 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 +14.8% over the same days, so a holder was ahead by 2.8 pts. At its price on Nov 4, 2026 the latest distribution annualizes to 6.5%, paid monthly. iShares estimates that 84% of the distribution paid Nov 5, 2026 was a return of capital (its 19a-1 notice). That is a tax label, not a measure of erosion.

OEI

Over the year to Nov 4, 2026, OEI paid 9.2% of its starting value in cash distributions while its price rose 3.0%. With every distribution reinvested, the fund returned +12.9%. S&P 500 (SPY) returned +14.8% over the same days, so a holder was behind by 1.9 pts. At its price on Nov 4, 2026 the latest distribution annualizes to 9.6%, paid monthly.

Questions people ask

Which paid more, BALI or OEI?: Over the year to Nov 4, 2026, BALI paid 8.4% of its starting price in cash and OEI paid 9.2%, so OEI 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 OEI?: With every distribution reinvested, BALI returned +17.6% and OEI +12.9% over the year to Nov 4, 2026.
Which is cheaper, BALI or OEI?: BALI charges 0.35% a year and OEI charges 1.02%, so BALI is cheaper. Fees come from each fund's prospectus.

Other comparisons

BALI vs XYLD BALI vs GPIX BALI vs DIVO BALI vs SPYI OEI vs ISPY OEI vs OMAH OEI vs FTHI OEI vs ROCY

Where to next

S&P 500 (SPY) →BALI on its own →OEI on its own →BALI dividend history →BALI holdings →OEI dividend history →OEI 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 ↗

OEI filings on SEC EDGAR ↗

OEI prospectus with the expense ratio (SEC) ↗

Core Alternative website ↗

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 OEI, data as of Nov 4, 2026. https://etfiq.com/compare/income/bali-vs-oei

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