Data as of .
BALQ vs PBP: which paid, and which earned it?
BALQ and PBP both write options for income.
What they hold in common
By the books each fund has filed, BALQ and PBP hold 54% of their money in the same securities at the same weight.
| Holding | BALQ | PBP |
|---|---|---|
| NVIDIA | 8.62% | 8.18% |
| APPLE | 7.63% | 7.50% |
| MICROSOFT | 6.72% | 5.57% |
| AMAZON.COM INC | 4.76% | 3.77% |
| ALPHABET CLASS A | 3.44% | 3.11% |
| BROADCOM INC | 2.99% | 2.57% |
| ALPHABET CLASS C | 3.09% | 2.47% |
| META PLATFORMS CLASS A | 3.31% | 2.22% |
| MICRON TECHNOLOGY | 5.06% | 1.74% |
| TESLA INC | 2.73% | 1.56% |
| ADVANCED MICRO DEVICES | 4.31% | 1.39% |
| INTEL CORPORATION | 2.62% | 0.81% |
| Only in BALQ | Only in PBP |
|---|---|
| BLK CSH FND TREASURY SL AGENCY 2.70% | JPMorgan Chase & Co 1.42% |
| CASH COLLATERAL MSFUT USD 1.46% | Berkshire Hathaway Inc 1.42% |
| SPACE EXPLORATION TECHNOLOGIES COR 0.82% | Eli Lilly & Co 1.38% |
| SS AND C TECHNOLOGIES HOLDINGS 0.59% | ExxonMobil Holdings Corp 1.03% |
| ZSCALER 0.45% | Johnson & Johnson 0.99% |
| ASTERA LABS 0.36% | Visa Inc 0.93% |
| LIBERTY MEDIA SERIES C 0.35% | Mastercard Inc 0.69% |
| SENTINELONE INC CLASS A 0.34% | Bank of America Corp 0.57% |
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 Sep 18, 2026 and Sep 19, 2026.
Performance, window by window
| Window | Total return | Cash paid | Against the benchmark | |||
|---|---|---|---|---|---|---|
| BALQ | PBP | BALQ | PBP | BALQ | PBP | |
| 3 months | −0.5% | +5.0% | 2.8% | 2.8% | +1.9 pts | +2.7 pts |
| 6 months | +27.2% | +13.0% | 6.5% | 5.7% | +3.0 pts | −5.0 pts |
| 1 year | not published | +18.5% | not published | 11.8% | not published | +1.9 pts |
| 3 years | not published | +46.1% | not published | 31.8% | not published | −32.3 pts |
| Since launch | +21.4% | +199.0% | 8.5% | 101.2% | +5.3 pts | −604.5 pts |
| BALQ iShares Nasdaq Premium Income Active ETF Covered call on QQQ, paying monthly | PBP Invesco S&P 500 BuyWrite ETF Covered call on SPY, paying monthly | |
|---|---|---|
| Issuer | iShares | Invesco |
| Strategy | covered call | covered call |
| Benchmark | Nasdaq-100 (QQQ) | S&P 500 (SPY) |
| Pays | monthly | monthly |
| Payout rate, annualized | 8.9% | 11.3% |
| Expense ratio | 0.35% | 0.29% |
| Cash paid, 1 year | 8.5% (since launch on Dec 3, 2025) | 11.8% |
| Price change, 1 year | +11.9% | +5.5% |
| Total return, 1 year | +21.4% (since launch on Dec 3, 2025) | +18.5% |
| Benchmark return, 1 year | +16.1% | +16.6% |
| Ahead or behind | +5.3 pts | +1.9 pts |
| Return of capital, latest estimate | not published | not published |
| Age | 289 days | 6101 days |
| Net assets | $29m | $386m |
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.
PBP in plain words
Over the year to Sep 18, 2026, PBP paid 11.8% of its starting value in cash distributions while its price rose 5.5%. With every distribution reinvested, the fund returned +18.5%. S&P 500 (SPY) returned +16.6% over the same days, so a holder was ahead by 1.9 pts. At its price on Sep 18, 2026 the latest distribution annualizes to 11.3%, paid monthly.
Questions people ask
- Which is cheaper, BALQ or PBP?
- BALQ charges 0.35% a year and PBP charges 0.29%, so PBP 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 PBP, data as of Sep 18, 2026. https://etfiq.com/compare/income/balq-vs-pbp Free to use with attribution; the underlying files are at Open data.