Data as of .
BALI vs QLDY: which paid, and which earned it?
Over the year QLDY paid 29.2% of its price in cash against BALI’s 8.5%, though BALI returned more with it reinvested.
ETFIQ Return Stability Score: BALI scores higher
Was the payout funded by returns, or by your own capital?
A percentile among the 173 income ETFs writing on an index or proxy. It is a position in a set, not a rating, and neither end of it is a recommendation. All income ETFs ranked by it · How it is computed
What they hold in common
By the books each fund has filed, BALI and QLDY hold 0% of their money in the same securities at the same weight.
| Only in BALI | Only in QLDY |
|---|---|
| NVIDIA 7.36% | Ndx 12/18/2026 2001.44 C 94.80% |
| APPLE 6.15% | First American Government Obligations Fund 12/01/2031 4.77% |
| MICROSOFT 5.07% | United States Treasury Note/bond 2.375% 05/15/2027 0.53% |
| AMAZON.COM INC 3.29% | Ndxp Us 09/21/26 P29500 0.08% |
| BLK CSH FND TREASURY SL AGENCY 2.91% | Xnd 12/18/2026 10.44 C 0.05% |
| ALPHABET CLASS A 2.70% | Cash & Other -0.06% |
| ALPHABET CLASS C 2.38% | Nasdaq-1 Put Opt 09/26 29650 -0.16% |
| BROADCOM INC 2.25% |
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 Sep 18, 2026 and Sep 21, 2026.
Performance, window by window
| Window | Total return | Cash paid | Against the benchmark | |||
|---|---|---|---|---|---|---|
| BALI | QLDY | BALI | QLDY | BALI | QLDY | |
| 3 months | +4.0% | −6.6% | 2.0% | 8.3% | +1.8 pts | −4.1 pts |
| 6 months | +17.3% | +20.1% | 4.7% | 18.7% | −0.8 pts | −4.2 pts |
| 1 year | +18.5% | +10.6% | 8.5% | 29.2% | +2.0 pts | −11.2 pts |
| Since launch | +76.3% | +10.6% | 29.2% | 29.2% | −8.0 pts | −11.2 pts |
| BALI iShares U.S. Large Cap Premium Income Active ETF Covered call on SPY, paying monthly | QLDY Defiance Nasdaq 100 LightningSpread(TM) Income ETF Option income on QQQ, paying weekly | |
|---|---|---|
| Issuer | iShares | Defiance |
| Strategy | covered call | option income |
| Benchmark | S&P 500 (SPY) | Nasdaq-100 (QQQ) |
| Pays | monthly | weekly |
| Payout rate, annualized | 7.5% | 19.6% |
| Expense ratio | 0.35% | 1.04% |
| Cash paid, 1 year | 8.5% | 29.2% |
| Price change, 1 year | +9.2% | −20.3% |
| Total return, 1 year | +18.5% | +10.6% |
| Benchmark return, 1 year | +16.6% | +21.8% |
| Ahead or behind | +2.0 pts | −11.2 pts |
| Return of capital, latest estimate | not published | 100% |
| Age | 1086 days | 365 days |
| Net assets | $1.5bn | $52m |
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.
QLDY in plain words
Over the year to Sep 18, 2026, QLDY paid 29.2% of its starting value in cash distributions while its price fell 20.3%. With every distribution reinvested, the fund returned +10.6%. Nasdaq-100 (QQQ) returned +21.8% over the same days, so a holder was behind by 11.2 pts. At its price on Sep 18, 2026 the latest distribution annualizes to 19.6%, paid weekly. Defiance estimates that 100% of the distribution paid Sep 17, 2026 was a return of capital (19a-1 notice, estimated, a tax characterization rather than a measure of erosion).
Questions people ask
- Which paid more, BALI or QLDY?
- Over the year to Sep 18, 2026, BALI paid 8.5% of its starting price in cash and QLDY paid 29.2%, so QLDY 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 QLDY?
- With every distribution reinvested, BALI returned +18.5% and QLDY returned +10.6% over the year to Sep 18, 2026, so BALI returned more.
- Which is cheaper, BALI or QLDY?
- BALI charges 0.35% a year and QLDY charges 1.04%, 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.
Cite this page. ETFIQ, BALI against QLDY, data as of Sep 18, 2026. https://etfiq.com/compare/income/bali-vs-qldy Free to use with attribution; the underlying files are at Open data.