Data as of Nov 4, 2026.
BALI vs XPAY: Dividend Yield & Total Return
Over the year to Nov 4, 2026, XPAY paid 19.7% 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 $187m on Nov 4, 2026 for Roundhill S&P 500 Target 20 Managed Distribution 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, 2026.0.8 pts behind VOO
XPAY over 1 year: paid 19.7%, price −7.2%, total +14.0%, VOO +14.8%, −0.8 pts. Data to Nov 4, 2026.
VOO
+14.8%
XPAY
+14.0%
19.7% of it arrived as cash
0.8 pts behind VOO
Total return, distributions reinvested
0.8 pts behind VOO
XPAY over 1 year: paid 19.7%, price −7.2%, total +14.0%, VOO +14.8%, −0.8 pts. Data to Nov 4, 2026.
VOO
+14.8%
XPAY
+14.0%
19.7% as cash
0.8 pts behind VOO
19.7% of it arrived as cash. Both charts share one scale, with zero at the line. XPAY over 1 year: paid 19.7%, price −7.2%, total +14.0%, VOO +14.8%, −0.8 pts. Data to Nov 4, 2026.
Data to Nov 4, 2026.Pair scorecard
BALI costs 0.14 points a year less; their one-year returns differ by 3.6 points; BALI is 8.6 times larger.
Points (pts) are percentage points.
| Measure | BALI | XPAY |
|---|---|---|
| Paid and earned | ||
| Total return, 1 year | +17.6% | +14.0% |
| Price change, 1 year | rose 8.4% | fell 7.2% |
| Return of capital, issuer estimate | 84% of the Nov 5, 2026 payment | 100% of the Oct 15, 2026 payment |
| Against its benchmark | ||
| Benchmark | S&P 500, measured through SPY | Vanguard S&P 500 ETF, measured through VOO |
| Cost and size | ||
| Expense ratio | 0.35% | 0.49% |
| Net assets | $1.6bn | $187m |
| Holdings | ||
| Holdings in common | 0% | |
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
Nov 8, 2024 to Oct 30, 2026 · 103 weekly returnsEach against its own benchmark: BALI against SPY, Oct 6, 2023 to Oct 30, 2026; XPAY against VOO, Nov 8, 2024 to Oct 30, 2026.
From Nov 2024 to Oct 2026, BALI returned slightly more: +28.3% to +27.3%. BALI swung less: 12.8% to 14.9%. BALI fell less at its worst: −15.3% to −17.1%.
Full scorecard
19 measures, with how each is measured Open ↓
| Measure | BALI | XPAY | Edge | How it is measured |
|---|---|---|---|---|
| Return | ||||
| Total return | +28.3% | +27.3% | BALI (slight) | Price change plus distributions, reinvested. |
| Annualized | +13.4% | +12.9% | BALI (slight) | Total return as a yearly rate. |
| Price return | +8.9% | −14.6% | BALI | Price change alone, distributions left out. |
| Risk | ||||
| Volatility | 12.8% | 14.9% | BALI | Spread of weekly returns, annualized. Lower is steadier. |
| Downside deviation | 8.7% | 9.9% | BALI | Like volatility, counting only weeks below the Treasury bill rate. |
| Max drawdown | −15.3% | −17.1% | BALI | Deepest fall from a high to the low after it. |
| Upside capture | 81.0% | 99.7% | Share of its benchmark's rise caught in the weeks it rose. | |
| Downside capture | 86.7% | 101.5% | Share of its benchmark's fall taken in the weeks it fell. Lower is better. | |
| Beta | 0.85 | 1.01 | Not an edge | How far it moves for each 1% its benchmark moves. |
| R squared | 0.97 | 1.00 | Not an edge | Share of its weekly moves its benchmark explains. |
| Risk-adjusted | ||||
| Sharpe | 0.73 | 0.62 | BALI | Return above Treasury bills per unit of volatility. |
| Sortino | 1.08 | 0.93 | BALI | Return above Treasury bills per unit of downside deviation. |
| Treynor | 0.171 | 0.091 | Return above Treasury bills per unit of beta. | |
| Calmar | 0.88 | 0.76 | BALI | Annualized return divided by the max drawdown. |
| Against the benchmark | ||||
| Benchmark | SPY | VOO | The ETF each fund is measured against. | |
| Alpha | +0.8% a year | −0.9% a year | Not significant | Yearly return beyond what its beta to the benchmark predicts. |
| Alpha t-stat | 0.66 | −1.35 | Not an edge | How sure the alpha is. Below 2, it could be chance. |
| Alpha range | −1.6% to +3.2% | −2.3% to +0.4% | Includes zero | The 95% range for the yearly alpha. |
| Information ratio | −0.54 | −0.82 | Return against its benchmark per unit of tracking error. | |
| Tracking error | 3.0% | 1.0% | Not an edge | How far weekly returns stray from the benchmark, annualized. |
Computed by ETFIQ from Tiingo daily prices and ETFIQ's distribution records, 103 weekly returns. Cash rate: the 13-week Treasury bill.
What they share
By the books each fund has filed, BALI and XPAY hold 0% of their money in the same securities at the same weight. Holdings dated Nov 3, 2026 and Nov 4, 2026.
half
0% 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 | XPAY | BALI | XPAY | BALI | XPAY |
| 3 months | 0.0% | −0.3% | 1.7% | 5.0% | +0.1 pts | −0.2 pts |
| 6 months | +6.5% | +4.9% | 3.7% | 10.0% | +1.4 pts | −0.1 pts |
| 1 year | +17.6% | +14.0% | 8.4% | 19.7% | +2.8 pts | −0.9 pts |
| 3 years | +74.1% | – | 29.6% | – | −8.8 pts | – |
| Since launchNot the same days: BALI Sep 2023 · XPAY Oct 2024 | +77.2% | +35.6% | 30.6% | 39.0% | −8.4 pts | −2.6 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.
XPAY
Over the year to Nov 4, 2026, XPAY paid 19.7% of its starting value in cash distributions while its price fell 7.2%. With every distribution reinvested, the fund returned +14.0%. Vanguard S&P 500 ETF (VOO) returned +14.8% over the same days, so a holder was behind by 0.8 pts. At its price on Nov 4, 2026 the latest distribution annualizes to 21.1%, paid monthly. Roundhill estimates that 100% of the distribution paid Oct 15, 2026 was a return of capital (its 19a-1 notice).
Questions people ask
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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 XPAY, data as of Nov 4, 2026. https://etfiq.com/compare/income/bali-vs-xpay
ETFIQ. (Nov 4, 2026). BALI against XPAY. Retrieved from https://etfiq.com/compare/income/bali-vs-xpay
[BALI against XPAY (ETFIQ, Nov 4, 2026)](https://etfiq.com/compare/income/bali-vs-xpay)
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