Data as of .
BALI vs SPUT: which paid, and which earned it?
Over the year BALI paid 8.5% of its price in cash against SPUT’s 5.2%, and 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 SPUT hold 33% of their money in the same securities at the same weight.
| Holding | BALI | SPUT |
|---|---|---|
| NVIDIA | 7.36% | 3.85% |
| APPLE | 6.15% | 3.22% |
| MICROSOFT | 5.07% | 2.47% |
| AMAZON.COM INC | 3.29% | 2.09% |
| ALPHABET CLASS A | 2.70% | 1.84% |
| BROADCOM INC | 2.25% | 1.60% |
| ALPHABET CLASS C | 2.38% | 1.59% |
| META PLATFORMS CLASS A | 1.80% | 1.10% |
| TESLA INC | 0.95% | 0.91% |
| JPMORGAN CHASE & CO | 1.20% | 0.70% |
| ELI LILLY | 1.15% | 0.65% |
| EXXONMOBIL HOLDINGS CORP | 1.74% | 0.54% |
| Only in BALI | Only in SPUT |
|---|---|
| BLK CSH FND TREASURY SL AGENCY 2.91% | TREASURY BILL 49.24% |
| BERKSHIRE HATHAWAY INC CLASS B 1.69% | Berkshire Hathaway Inc 0.54% |
| USD CASH 1.06% | Walmart Inc 0.47% |
| AMERICAN FINANCIAL GROUP 0.50% | Mastercard Inc 0.33% |
| UNITED THERAPEUTICS 0.42% | Home Depot Inc/The 0.27% |
| ANNALY CAPITAL MANAGEMENT REIT 0.38% | General Electric Co 0.25% |
| AGNC INVESTMENT REIT 0.33% | Wells Fargo & Co 0.21% |
| TEXAS ROADHOUSE INC 0.26% | Philip Morris International In 0.21% |
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
| Window | Total return | Cash paid | Against the benchmark | |||
|---|---|---|---|---|---|---|
| BALI | SPUT | BALI | SPUT | BALI | SPUT | |
| 3 months | +4.0% | +2.4% | 2.0% | 1.1% | +1.8 pts | +0.1 pts |
| 6 months | +17.3% | +11.5% | 4.7% | 2.5% | −0.8 pts | −6.5 pts |
| 1 year | +18.5% | +11.5% | 8.5% | 5.2% | +2.0 pts | −5.1 pts |
| Since launch | +76.3% | +22.4% | 29.2% | 8.5% | −8.0 pts | −15.6 pts |
| BALI iShares U.S. Large Cap Premium Income Active ETF Covered call on SPY, paying monthly | SPUT Innovator Equity Premium Income - Daily PutWrite ETF Covered call on SPY, paying monthly | |
|---|---|---|
| Issuer | iShares | Innovator |
| Strategy | covered call | covered call |
| Benchmark | S&P 500 (SPY) | S&P 500 (SPY), used as a default proxy |
| Pays | monthly | monthly |
| Payout rate, annualized | 7.5% | 4.7% |
| Expense ratio | 0.35% | 0.79% |
| Cash paid, 1 year | 8.5% | 5.2% |
| Price change, 1 year | +9.2% | +6.0% |
| Total return, 1 year | +18.5% | +11.5% |
| Benchmark return, 1 year | +16.6% | +16.6% |
| Ahead or behind | +2.0 pts | −5.1 pts |
| Return of capital, latest estimate | not published | not published |
| Age | 1086 days | 553 days |
| Net assets | $1.5bn | $17m |
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.
SPUT in plain words
Over the year to Sep 18, 2026, SPUT paid 5.2% of its starting value in cash distributions while its price rose 6.0%. With every distribution reinvested, the fund returned +11.5%. S&P 500 (SPY), used as a default proxy returned +16.6% over the same days, so a holder was behind by 5.1 pts. At its price on Sep 18, 2026 the latest distribution annualizes to 4.7%, paid monthly.
Questions people ask
- Which paid more, BALI or SPUT?
- Over the year to Sep 18, 2026, BALI paid 8.5% of its starting price in cash and SPUT paid 5.2%, so BALI 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 SPUT?
- With every distribution reinvested, BALI returned +18.5% and SPUT returned +11.5% over the year to Sep 18, 2026, so BALI returned more.
- Which is cheaper, BALI or SPUT?
- BALI charges 0.35% a year and SPUT charges 0.79%, 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 SPUT, data as of Sep 18, 2026. https://etfiq.com/compare/income/bali-vs-sput Free to use with attribution; the underlying files are at Open data.