Data as of Nov 4, 2026.
BALQ vs OVL: Dividend Yield & Total Return
BALQ and OVL both write options for income.
askIQ about this page
askIQ about BALQ and OVL
Net assets: $43m on Nov 3, 2026 for iShares Nasdaq Premium Income Active ETF, and $427m on Aug 31, 2026 for Overlay Shares Large Cap Equity ETF.
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, 2026.2.4 pts ahead of VOO
OVL over 1 year: paid 9.9%, price +6.6%, total +17.2%, VOO +14.8%, +2.4 pts. Data to Nov 4, 2026.
VOO
+14.8%
OVL
+17.2%
9.9% of it arrived as cash
2.4 pts ahead of VOO
Total return, distributions reinvested
2.4 pts ahead of VOO
OVL over 1 year: paid 9.9%, price +6.6%, total +17.2%, VOO +14.8%, +2.4 pts. Data to Nov 4, 2026.
VOO
+14.8%
OVL
+17.2%
9.9% cash
2.4 pts ahead of VOO
9.9% of it arrived as cash. Both charts share one scale, 0 to +17.2%. OVL over 1 year: paid 9.9%, price +6.6%, total +17.2%, VOO +14.8%, +2.4 pts. Data to Nov 4, 2026.
Both charts share one scale, 0 to +17.2%. Data to Nov 4, 2026.Pair scorecard
BALQ costs 0.44 points a year less.
Points (pts) are percentage points.
| Measure | BALQ | OVL |
|---|---|---|
| Paid and earned | ||
| Total return, 1 year | not published | +17.2% |
| Price change | rose 5.1% (since Dec 3, 2025) | rose 6.6% (1 year) |
| Return of capital, issuer estimate | 97% of the Nov 5, 2026 payment | 100% of the Oct 29, 2026 payment |
| Against its benchmark | ||
| Benchmark | Nasdaq-100, measured through QQQ | Vanguard S&P 500 ETF, measured through VOO |
| Cost and size | ||
| Expense ratio | 0.35% | 0.79% |
| Net assets, BALQ as of Nov 3, 2026 and OVL as of Aug 31, 2026 | $43m | $427m |
| Holdings | ||
| Holdings in common | 0% | |
Risk and return
Dec 12, 2025 to Oct 30, 2026 · 46 weekly returnsFrom Dec 2025 to Oct 2026, BALQ returned more: +16.8% to +13.5%. OVL fell less at its worst: −7.7% to −9.3%.
Full scorecard
3 measures, with how each is measured Open ↓
| Measure | BALQ | OVL | Edge | How it is measured |
|---|---|---|---|---|
| Return | ||||
| Total return | +16.8% | +13.5% | BALQ | Price change plus distributions, reinvested. |
| Price return | +7.0% | +3.3% | BALQ | Price change alone, distributions left out. |
| Risk | ||||
| Max drawdown | −9.3% | −7.7% | OVL | Deepest fall from a high to the low after it. |
Computed by ETFIQ from Tiingo daily prices and ETFIQ's distribution records, 46 weekly returns. Cash rate: the 13-week Treasury bill.
What they share
By the books each fund has filed, BALQ and OVL hold 0% of their money in the same securities at the same weight. Holdings dated Aug 31, 2026 and Nov 3, 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 | BALQ | OVL | BALQ | OVL | BALQ | OVL |
| 3 months | −3.8% | −0.5% | 2.1% | 2.6% | −0.3 pts | −0.4 pts |
| 6 months | +1.3% | +4.4% | 5.2% | 5.2% | +1.7 pts | −0.6 pts |
| 1 year | – | +17.2% | – | 9.9% | – | +2.4 pts |
| 3 years | – | +92.6% | – | 23.9% | – | +9.3 pts |
| Since launchNot the same days: BALQ Dec 2025 · OVL Oct 2019 | +15.6% | +204.4% | 10.0% | 51.2% | +4.1 pts | +14.4 pts |
– means no data for this window. Open this comparison in the app →
No client brief for this pair: ETFIQ prints no one-year total return for BALQ.
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.
OVL
Over the year to Nov 4, 2026, OVL paid 9.9% of its starting value in cash distributions while its price rose 6.6%. With every distribution reinvested, the fund returned +17.2%. Vanguard S&P 500 ETF (VOO) returned +14.8% over the same days, so a holder was ahead by 2.4 pts. At its price on Nov 4, 2026 the latest distribution annualizes to 10.6%, paid monthly. Overlay Shares estimates that 100% of the distribution paid Oct 29, 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
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 OVL, data as of Nov 4, 2026. https://etfiq.com/compare/income/balq-vs-ovl
ETFIQ. (Nov 4, 2026). BALQ against OVL. Retrieved from https://etfiq.com/compare/income/balq-vs-ovl
[BALQ against OVL (ETFIQ, Nov 4, 2026)](https://etfiq.com/compare/income/balq-vs-ovl)
Free to use with attribution for data ETFIQ computes; issuer data stays under its owner's terms.