Which is cheaper, BALQ or JOYT?

BALQ and JOYT both charge 0.35% a year, so neither is cheaper. Fees come from each fund's prospectus.

Data as of Nov 4, 2026.

Income ETFs

BALQ vs JOYT: Dividend Yield & Total Return

BALQ and JOYT both write options for income.

askIQ about this page

Net assets on Nov 3, 2026: $43m for iShares Nasdaq Premium Income Active ETF and $117m for JPMorgan Equity and Options Total Return ETF.

BALQ on its own →JOYT on its own →

At a glance

10.0%

BALQ cash paid, since launch, Dec 3, 2025

0.9%

JOYT cash paid, 1 year

+15.6%

BALQ total return, since launch, Dec 3, 2025

+14.6%

JOYT total return, 1 year

BALQ · since launch to Nov 4, 2026 4.1 pts ahead of QQQ

BALQ

+15.6%

QQQ

+11.5%

4.1 pts ahead of QQQ

BALQ since launch: paid 10.0%, price +5.1%, total +15.6%, QQQ +11.5%, +4.1 pts. Data to Nov 4, 2026.

QQQ

+11.5%

BALQ

+15.6%

10.0% of it arrived as cash

4.1 pts ahead of QQQ

Total return, distributions reinvested

4.1 pts ahead of QQQ

BALQ since launch: paid 10.0%, price +5.1%, total +15.6%, QQQ +11.5%, +4.1 pts. Data to Nov 4, 2026.

QQQ

+11.5%

BALQ

+15.6%

10.0% cash

4.1 pts ahead of QQQ

10.0% of it arrived as cash. Total return, distributions reinvested. BALQ since launch: paid 10.0%, price +5.1%, total +15.6%, QQQ +11.5%, +4.1 pts. Data to Nov 4, 2026.

Data to Nov 4, 2026.

JOYT · 1 year to Nov 4, 2026 About even with SPY

JOYT

+14.6%

SPY

+14.8%

About even with SPY

JOYT over 1 year: paid 0.9%, price +13.7%, total +14.6%, SPY +14.8%, −0.2 pts. Data to Nov 4, 2026.

SPY

+14.8%

JOYT

+14.6%

about even with SPY

Total return, distributions reinvested

About even with SPY

JOYT over 1 year: paid 0.9%, price +13.7%, total +14.6%, SPY +14.8%, −0.2 pts. Data to Nov 4, 2026.

SPY

+14.8%

JOYT

+14.6%

about even with SPY

0.9% of it arrived as cash. Both charts share one scale, 0 to +15.6%. JOYT over 1 year: paid 0.9%, price +13.7%, total +14.6%, SPY +14.8%, −0.2 pts. Data to Nov 4, 2026.

Both charts share one scale, 0 to +15.6%. Data to Nov 4, 2026.

Pair scorecard

Both cost 0.35% a year; JOYT is 2.7 times larger.

Points (pts) are percentage points.

BALQ vs JOYT: Dividend Yield & Total Return
Measure	BALQ	JOYT
Paid and earned
Measure	BALQ	JOYT
Total return, 1 year	not published	+14.6%
Price change	rose 5.1% (since Dec 3, 2025)	rose 13.7% (1 year)
Return of capital, issuer estimate	97% of the Nov 5, 2026 payment
Against its benchmark
Measure	BALQ	JOYT
Benchmark	Nasdaq-100, measured through QQQ	S&P 500, measured through SPY
Cost and size
Measure	BALQ	JOYT
Expense ratio	0.35%	0.35%
Net assets, as of Nov 3, 2026	$43m	$117m
Holdings
Measure	BALQ	JOYT
Holdings in common	44%

Method

What they share

44%

By the books each fund has filed, BALQ and JOYT hold 44% of their money in the same securities at the same weight. Holdings dated Nov 3, 2026.

50%

0 half 100%

half

44% in common

Positions both hold · largest shared weight first BALQ JOYT

NVIDIA 8.33% 8.18%

APPLE 7.82% 7.29%

MICROSOFT 7.46% 6.57%

AMAZON.COM INC 5.04% 4.16%

ALPHABET CLASS A 2.75% 4.13%

META PLATFORMS CLASS A 3.09% 2.53%

BROADCOM INC 2.99% 2.17%

MICRON TECHNOLOGY 4.74% 2.10%

TESLA INC 2.88% 1.39%

ADVANCED MICRO DEVICES 4.10% 1.33%

LAM RESEARCH 1.64% 0.89%

MORGAN STANLEY 0.63% 0.73%

Only in one fund ↓

Only in BALQ

ALPHABET CLASS C 2.44%

CISCO SYSTEMS INC 2.30%

SPACE EXPLORATION TECHNOLOGIES COR 2.10%

APPLIED MATERIAL INC 1.71%

QUALCOMM 1.18%

GOLDMAN SACHS GROUP 0.82%

VALERO ENERGY CORP 0.79%

VERIZON COMMUNICATIONS INC 0.74%

Only in JOYT

WELLS FARGO & CO COMMON 2.11%

EXXONMOBIL HOLDINGS CORP 2.01%

MASTERCARD INC COMMON 1.87%

ELI LILLY AND COMPANY 1.63%

PHILIP MORRIS INTERNATIONAL INC 1.33%

CSX CORP COMMON STOCK USD 1.21%

BANK OF AMERICA CORP 1.08%

AMERICAN EXPRESS CO 0.98%

Check overlap with more funds →

Side by side

BALQ iShares Nasdaq Premium Income Active ETF · Covered call on QQQ, paying monthly JOYT JPMorgan Equity and Options Total Return ETF · Option income on SPY, paying quarterly

Issuer iShares JPMorgan

Strategy covered call option income

Benchmark Nasdaq-100 (QQQ) S&P 500 (SPY)

Pays monthly quarterly

Payout rate, annualized 8.5% 0.7%

Expense ratio 0.35% 0.35%

Cash paid, 1 year 10.0% (since launch, Dec 3, 2025) 0.9%

Price change, 1 year +5.1% (since launch, Dec 3, 2025) +13.7%

Total return, 1 year +15.6% (since launch, Dec 3, 2025) +14.6%

Benchmark return, 1 year +11.5% (since launch, Dec 3, 2025) +14.8%

Ahead or behind +4.1 pts (since launch, Dec 3, 2025) −0.2 pts

Return of capital, latest estimate 97% not published

Age 336 days 1.2 years

Net assets, as of Nov 3, 2026 $43m $117m

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

Window by window: BALQ vs JOYT: Dividend Yield & Total Return
	Total return		Cash paid		Against the benchmark
Window	BALQ	JOYT	BALQ	JOYT	BALQ	JOYT
3 months	−3.8%	+2.0%	2.1%	0.2%	−0.3 pts	+2.2 pts
6 months	+1.3%	+7.8%	5.2%	0.4%	+1.7 pts	+2.8 pts
1 year	–	+14.6%	–	0.9%	–	−0.1 pts
Since launchNot the same days: BALQ Dec 2025 · JOYT Aug 2025	+15.6%	+21.6%	10.0%	0.9%	+4.1 pts	+0.1 pts

– means no data for this window. Open this comparison in the app →

Alert

About each fund

BALQ

Over the period from its first trade on Dec 3, 2025 to Nov 4, 2026, BALQ paid 10.0% of its starting value in cash distributions while its price rose 5.1%. With every distribution reinvested, the fund returned +15.6%. Nasdaq-100 (QQQ) returned +11.5% over the same days, so a holder was ahead by 4.1 pts. At its price on Nov 4, 2026 the latest distribution annualizes to 8.5%, paid monthly. iShares estimates that 97% 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.

JOYT

Over the year to Nov 4, 2026, JOYT paid 0.9% of its starting value in cash distributions while its price rose 13.7%. With every distribution reinvested, the fund returned +14.6%. S&P 500 (SPY) returned +14.8% over the same days, so a holder was about even. At its price on Nov 4, 2026 the latest distribution annualizes to 0.7%, paid quarterly.

Questions people ask

Which is cheaper, BALQ or JOYT?: BALQ and JOYT both charge 0.35% a year, so neither is cheaper. Fees come from each fund's prospectus.

Other comparisons

BALQ vs XSPI BALQ vs SEPI BALQ vs EGGY BALQ vs XYLG JOYT vs IQQQ JOYT vs XQQI JOYT vs ROCQ JOYT vs KIQQ

Where to next

Nasdaq-100 (QQQ) →S&P 500 (SPY) →All income ETFs ranked by the Distribution Coverage Score →How the scores are computed →BALQ on its own →JOYT on its own →BALQ dividend history →BALQ holdings →JOYT dividend history →JOYT holdings →Method →Standards and sources →

Sources and dates

BALQ filings on SEC EDGAR ↗

BALQ prospectus with the expense ratio (SEC) ↗

BALQ 19a-1 distribution notice ↗

iShares page for BALQ ↗

JOYT filings on SEC EDGAR ↗

JOYT prospectus with the expense ratio (SEC) ↗

JPMorgan website ↗

Links are sources, not endorsements. A comparison is not a recommendation.

How this is computed

Overlap adds up the smaller of the two weights for each security both funds hold.

Every number is an ETFIQ calculation with distributions reinvested.

Cite this pageCitation, APA and Markdown

ETFIQ, BALQ against JOYT, data as of Nov 4, 2026. https://etfiq.com/compare/income/balq-vs-joyt

Open data →

Free to use with attribution for data ETFIQ computes; issuer data stays under its owner's terms.