Data as of .
BALQ vs OVL: which paid, and which earned it?
BALQ and OVL both write options for income.
What they hold in common
By the books each fund has filed, BALQ and OVL hold 0% of their money in the same securities at the same weight.
| Only in BALQ | Only in OVL |
|---|---|
| NVIDIA 8.62% | Vanguard S&P 500 ETF 100.00% |
| APPLE 7.63% | |
| MICROSOFT 6.72% | |
| MICRON TECHNOLOGY 5.06% | |
| AMAZON.COM INC 4.76% | |
| ADVANCED MICRO DEVICES 4.31% | |
| ALPHABET CLASS A 3.44% | |
| META PLATFORMS CLASS A 3.31% |
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 May 31, 2026 and Sep 18, 2026.
Performance, window by window
| Window | Total return | Cash paid | Against the benchmark | |||
|---|---|---|---|---|---|---|
| BALQ | OVL | BALQ | OVL | BALQ | OVL | |
| 3 months | −0.5% | +2.3% | 2.8% | 2.6% | +1.9 pts | 0.0 pts |
| 6 months | +27.2% | +18.8% | 6.5% | 5.7% | +3.0 pts | +0.7 pts |
| 1 year | not published | +19.2% | not published | 8.9% | not published | +2.6 pts |
| 3 years | not published | +86.2% | not published | 21.1% | not published | +7.8 pts |
| Since launch | +21.4% | +203.4% | 8.5% | 47.2% | +5.3 pts | +16.1 pts |
| BALQ iShares Nasdaq Premium Income Active ETF Covered call on QQQ, paying monthly | OVL Overlay Shares Large Cap Equity ETF Put-selling overlay on SPY, paying monthly | |
|---|---|---|
| Issuer | iShares | Overlay Shares |
| Strategy | covered call | put-selling overlay |
| Benchmark | Nasdaq-100 (QQQ) | S&P 500 (SPY) |
| Pays | monthly | monthly |
| Payout rate, annualized | 8.9% | 10.4% |
| Expense ratio | 0.35% | not published |
| Cash paid, 1 year | 8.5% (since launch on Dec 3, 2025) | 8.9% |
| Price change, 1 year | +11.9% | +9.4% |
| Total return, 1 year | +21.4% (since launch on Dec 3, 2025) | +19.2% |
| Benchmark return, 1 year | +16.1% | +16.6% |
| Ahead or behind | +5.3 pts | +2.6 pts |
| Return of capital, latest estimate | not published | not published |
| Age | 289 days | 2544 days |
| Net assets | $29m | $276m |
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.
OVL in plain words
Over the year to Sep 18, 2026, OVL paid 8.9% of its starting value in cash distributions while its price rose 9.4%. With every distribution reinvested, the fund returned +19.2%. S&P 500 (SPY) returned +16.6% over the same days, so a holder was ahead by 2.6 pts. At its price on Sep 18, 2026 the latest distribution annualizes to 10.4%, paid monthly.
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 OVL, data as of Sep 18, 2026. https://etfiq.com/compare/income/balq-vs-ovl Free to use with attribution; the underlying files are at Open data.