Data as of .
BALQ vs GPIX: which paid, and which earned it?
BALQ and GPIX both write options for income.
What they hold in common
By the books each fund has filed, BALQ and GPIX hold 51% of their money in the same securities at the same weight.
| Holding | BALQ | GPIX |
|---|---|---|
| NVIDIA | 8.62% | 7.33% |
| APPLE | 7.63% | 6.47% |
| MICROSOFT | 6.72% | 3.90% |
| ALPHABET CLASS A | 3.44% | 4.37% |
| AMAZON.COM INC | 4.76% | 3.39% |
| BROADCOM INC | 2.99% | 2.80% |
| MICRON TECHNOLOGY | 5.06% | 2.02% |
| TESLA INC | 2.73% | 1.89% |
| META PLATFORMS CLASS A | 3.31% | 1.67% |
| ADVANCED MICRO DEVICES | 4.31% | 1.48% |
| ALPHABET CLASS C | 3.09% | 1.46% |
| INTEL CORPORATION | 2.62% | 1.02% |
| Only in BALQ | Only in GPIX |
|---|---|
| BLK CSH FND TREASURY SL AGENCY 2.70% | BERKSHIRE HATHAWAY INC 1.51% |
| CASH COLLATERAL MSFUT USD 1.46% | ELI LILLY & COMPANY 1.48% |
| SPACE EXPLORATION TECHNOLOGIES COR 0.82% | JP MORGAN CHASE & COMPANY 1.36% |
| GOLDMAN SACHS GROUP 0.71% | VISA INC 0.99% |
| SS AND C TECHNOLOGIES HOLDINGS 0.59% | EXXONMOBIL HOLDINGS CORP 0.96% |
| ZSCALER 0.45% | JOHNSON & JOHNSON 0.95% |
| ASTERA LABS 0.36% | MASTERCARD INC 0.74% |
| LIBERTY MEDIA SERIES C 0.35% | GE AEROSPACE 0.65% |
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 Jun 30, 2026 and Sep 18, 2026.
Performance, window by window
| Window | Total return | Cash paid | Against the benchmark | |||
|---|---|---|---|---|---|---|
| BALQ | GPIX | BALQ | GPIX | BALQ | GPIX | |
| 3 months | −0.5% | +2.6% | 2.8% | 2.1% | +1.9 pts | +0.3 pts |
| 6 months | +27.2% | +16.6% | 6.5% | 4.7% | +3.0 pts | −1.4 pts |
| 1 year | not published | +17.0% | not published | 8.8% | not published | +0.4 pts |
| Since launch | +21.4% | +80.7% | 8.5% | 30.5% | +5.3 pts | −10.8 pts |
| BALQ iShares Nasdaq Premium Income Active ETF Covered call on QQQ, paying monthly | GPIX Goldman Sachs S&P 500 Premium Income ETF Covered call on SPY, paying monthly | |
|---|---|---|
| Issuer | iShares | Goldman Sachs |
| Strategy | covered call | covered call |
| Benchmark | Nasdaq-100 (QQQ) | S&P 500 (SPY) |
| Pays | monthly | monthly |
| Payout rate, annualized | 8.9% | 8.6% |
| Expense ratio | 0.35% | 0.29% |
| Cash paid, 1 year | 8.5% (since launch on Dec 3, 2025) | 8.8% |
| Price change, 1 year | +11.9% | +7.4% |
| Total return, 1 year | +21.4% (since launch on Dec 3, 2025) | +17.0% |
| Benchmark return, 1 year | +16.1% | +16.6% |
| Ahead or behind | +5.3 pts | +0.4 pts |
| Return of capital, latest estimate | not published | not published |
| Age | 289 days | 1058 days |
| Net assets | $29m | $5.8bn |
BALQ in plain words
Over the period since launch on Dec 3, 2025 to Sep 18, 2026, BALQ paid 8.5% of its starting value in cash distributions while its price rose 11.9%. With every distribution reinvested, the fund returned +21.4%. Nasdaq-100 (QQQ) returned +16.1% over the same days, so a holder was ahead by 5.3 pts. At its price on Sep 18, 2026 the latest distribution annualizes to 8.9%, paid monthly.
GPIX in plain words
Over the year to Sep 18, 2026, GPIX paid 8.8% of its starting value in cash distributions while its price rose 7.4%. With every distribution reinvested, the fund returned +17.0%. S&P 500 (SPY) returned +16.6% over the same days, so a holder was about even. At its price on Sep 18, 2026 the latest distribution annualizes to 8.6%, paid monthly.
Questions people ask
- Which is cheaper, BALQ or GPIX?
- BALQ charges 0.35% a year and GPIX charges 0.29%, so GPIX 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, BALQ against GPIX, data as of Sep 18, 2026. https://etfiq.com/compare/income/balq-vs-gpix Free to use with attribution; the underlying files are at Open data.