Data as of Nov 4, 2026.
BALI vs SPUT: Dividend Yield & Total Return
Over the year to Nov 4, 2026, BALI paid 8.4% of its price in cash against SPUT’s 4.8%, and 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 $17m on Nov 4, 2026 for Innovator Equity Premium Income - Daily PutWrite ETF.
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, 2026.4.1 pts behind SPY
SPUT over 1 year: paid 4.8%, price +5.7%, total +10.7%, SPY +14.8%, −4.1 pts. Data to Nov 4, 2026.
SPY
+14.8%
SPUT
+10.7%
4.8% as cash
4.1 pts behind SPY
Total return, distributions reinvested
4.1 pts behind SPY
SPUT over 1 year: paid 4.8%, price +5.7%, total +10.7%, SPY +14.8%, −4.1 pts. Data to Nov 4, 2026.
SPY
+14.8%
SPUT
+10.7%
4.1 pts behind SPY
4.8% of it arrived as cash. Both charts share one scale, 0 to +17.6%. SPUT over 1 year: paid 4.8%, price +5.7%, total +10.7%, SPY +14.8%, −4.1 pts. Data to Nov 4, 2026.
Both charts share one scale, 0 to +17.6%. Data to Nov 4, 2026.Pair scorecard
BALI costs 0.44 points a year less; their one-year returns differ by 6.9 points; BALI is far larger, $1.6bn against $17m.
Points (pts) are percentage points.
| Measure | BALI | SPUT |
|---|---|---|
| Paid and earned | ||
| Total return, 1 year | +17.6% | +10.7% |
| Price change, 1 year | rose 8.4% | rose 5.7% |
| Return of capital, issuer estimate | 84% of the Nov 5, 2026 payment | 58% of the Nov 2, 2026 payment |
| Against its benchmark | ||
| Benchmark | S&P 500, measured through SPY | S&P 500, measured through SPY |
| Cost and size | ||
| Expense ratio | 0.35% | 0.79% |
| Net assets | $1.6bn | $17m |
| Holdings | ||
| Holdings in common | 34% | |
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
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 →
Risk and return
Mar 21, 2025 to Oct 30, 2026 · 84 weekly returns · each against SPYFrom Mar 2025 to Oct 2026, BALI returned more: +35.1% to +21.7%. SPUT swung less: 10.7% to 13.1%. BALI fell slightly less at its worst: −9.4% to −10.0%.
Full scorecard
19 measures, with how each is measured Open ↓
| Measure | BALI | SPUT | SPY | Edge | How it is measured |
|---|---|---|---|---|---|
| Return | |||||
| Total return | +35.1% | +21.7% | BALI | Price change plus distributions, reinvested. | |
| Annualized | +20.5% | +12.9% | BALI | Total return as a yearly rate. | |
| Price return | +17.8% | +11.7% | BALI | Price change alone, distributions left out. | |
| Risk | |||||
| Volatility | 13.1% | 10.7% | SPUT | Spread of weekly returns, annualized. Lower is steadier. | |
| Downside deviation | 8.7% | 8.0% | SPUT (slight) | Like volatility, counting only weeks below the Treasury bill rate. | |
| Max drawdown | −9.4% | −10.0% | BALI (slight) | Deepest fall from a high to the low after it. | |
| Upside capture | 80.2% | 48.7% | 100.0% | BALI | Share of its benchmark's rise caught in the weeks it rose. |
| Downside capture | 84.4% | 65.2% | 100.0% | SPUT | Share of its benchmark's fall taken in the weeks it fell. Lower is better. |
| Beta | 0.85 | 0.66 | 1.00 | SPUT lower | How far it moves for each 1% its benchmark moves. |
| R squared | 0.97 | 0.89 | 1.00 | Not an edge | Share of its weekly moves its benchmark explains. |
| Risk-adjusted | |||||
| Sharpe | 1.19 | 0.83 | BALI | Return above Treasury bills per unit of volatility. | |
| Sortino | 1.79 | 1.10 | BALI | Return above Treasury bills per unit of downside deviation. | |
| Treynor | 0.184 | 0.133 | 0.164 | BALI | Return above Treasury bills per unit of beta. |
| Calmar | 2.17 | 1.29 | BALI | Annualized return divided by the max drawdown. | |
| Against the benchmark | |||||
| Benchmark | SPY | SPY | SPY | The ETF each fund is measured against. | |
| Alpha | +1.7% a year | −2.0% a year | 0.0% | Not significant | Yearly return beyond what its beta to the benchmark predicts. |
| Alpha t-stat | 0.91 | −0.71 | Not an edge | How sure the alpha is. Below 2, it could be chance. | |
| Alpha range | −2.0% to +5.4% | −7.6% to +3.6% | Both include zero | The 95% range for the yearly alpha. | |
| Information ratio | −0.24 | −1.21 | BALI | Return against its benchmark per unit of tracking error. | |
| Tracking error | 3.3% | 6.3% | 0.0% | Not an edge | How far weekly returns stray from the benchmark, annualized. |
Computed by ETFIQ from Tiingo daily prices and ETFIQ's distribution records, 84 weekly returns. Cash rate: the 13-week Treasury bill.
What they share
By the books each fund has filed, BALI and SPUT hold 34% of their money in the same securities at the same weight. Holdings dated Jul 31, 2026 and Nov 3, 2026.
half
34% in common
Only in one fund ↓
Side by side
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
| Total return | Cash paid | Against the benchmark | ||||
|---|---|---|---|---|---|---|
| Window | BALI | SPUT | BALI | SPUT | BALI | SPUT |
| 3 months | 0.0% | +0.9% | 1.7% | 1.0% | +0.1 pts | +1.0 pts |
| 6 months | +6.5% | +3.4% | 3.7% | 1.9% | +1.4 pts | −1.6 pts |
| 1 year | +17.6% | +10.7% | 8.4% | 4.8% | +2.8 pts | −4.0 pts |
| 3 years | +74.1% | – | 29.6% | – | −8.8 pts | – |
| Since launchNot the same days: BALI Sep 2023 · SPUT Mar 2025 | +77.2% | +23.3% | 30.6% | 9.1% | −8.4 pts | −15.6 pts |
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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.
SPUT
Over the year to Nov 4, 2026, SPUT paid 4.8% of its starting value in cash distributions while its price rose 5.7%. With every distribution reinvested, the fund returned +10.7%. S&P 500 (SPY) returned +14.8% over the same days, so a holder was behind by 4.1 pts. At its price on Nov 4, 2026 the latest distribution annualizes to 3.6%, paid monthly. Innovator estimates that 58% of the distribution paid Nov 2, 2026 was a return of capital (its 19a-1 notice).
Questions people ask
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.
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ETFIQ, BALI against SPUT, data as of Nov 4, 2026. https://etfiq.com/compare/income/bali-vs-sput
ETFIQ. (Nov 4, 2026). BALI against SPUT. Retrieved from https://etfiq.com/compare/income/bali-vs-sput
[BALI against SPUT (ETFIQ, Nov 4, 2026)](https://etfiq.com/compare/income/bali-vs-sput)
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