Data as of Nov 4, 2026.
BALQ vs PBP: Dividend Yield & Total Return
BALQ and PBP both write options for income.
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Net assets on Nov 3, 2026: $43m for iShares Nasdaq Premium Income Active ETF and $389m for Invesco S&P 500 BuyWrite 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, 2026.1.4 pts ahead of SPY
PBP over 1 year: paid 11.7%, price +3.6%, total +16.2%, SPY +14.8%, +1.4 pts. Data to Nov 4, 2026.
SPY
+14.8%
PBP
+16.2%
11.7% of it arrived as cash
1.4 pts ahead of SPY
Total return, distributions reinvested
1.4 pts ahead of SPY
PBP over 1 year: paid 11.7%, price +3.6%, total +16.2%, SPY +14.8%, +1.4 pts. Data to Nov 4, 2026.
SPY
+14.8%
PBP
+16.2%
11.7% as cash
1.4 pts ahead of SPY
11.7% of it arrived as cash. Both charts share one scale, 0 to +16.2%. PBP over 1 year: paid 11.7%, price +3.6%, total +16.2%, SPY +14.8%, +1.4 pts. Data to Nov 4, 2026.
Both charts share one scale, 0 to +16.2%. Data to Nov 4, 2026.Pair scorecard
PBP costs 0.06 points a year less; PBP is 9.0 times larger.
Points (pts) are percentage points.
| Measure | BALQ | PBP |
|---|---|---|
| Paid and earned | ||
| Total return, 1 year | not published | +16.2% |
| Price change | rose 5.1% (since Dec 3, 2025) | rose 3.6% (1 year) |
| Return of capital, issuer estimate | 97% of the Nov 5, 2026 payment | 95% of the Oct 23, 2026 payment |
| Against its benchmark | ||
| Benchmark | Nasdaq-100, measured through QQQ | S&P 500, measured through SPY |
| Cost and size | ||
| Expense ratio | 0.35% | 0.29% |
| Net assets, as of Nov 3, 2026 | $43m | $389m |
| Holdings | ||
| Holdings in common | 51% | |
What they share
By the books each fund has filed, BALQ and PBP hold 51% of their money in the same securities at the same weight. Holdings dated Nov 3, 2026.
half
51% 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 | PBP | BALQ | PBP | BALQ | PBP |
| 3 months | −3.8% | +2.5% | 2.1% | 2.5% | −0.3 pts | +2.6 pts |
| 6 months | +1.3% | +8.1% | 5.2% | 5.3% | +1.7 pts | +3.1 pts |
| 1 year | – | +16.2% | – | 11.7% | – | +1.4 pts |
| 3 years | – | +49.6% | – | 33.4% | – | −33.3 pts |
| Since launchNot the same days: BALQ Dec 2025 · PBP Dec 2007 | +15.6% | +172.0% | 10.0% | 92.4% | +4.1 pts | −467.6 pts |
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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.
PBP
Over the year to Nov 4, 2026, PBP paid 11.7% of its starting value in cash distributions while its price rose 3.6%. With every distribution reinvested, the fund returned +16.2%. S&P 500 (SPY) returned +14.8% over the same days, so a holder was ahead by 1.4 pts. Invesco estimates that 95% of the distribution paid Oct 23, 2026 was a return of capital (its 19a-1 notice).
Questions people ask
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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.
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ETFIQ, BALQ against PBP, data as of Nov 4, 2026. https://etfiq.com/compare/income/balq-vs-pbp
ETFIQ. (Nov 4, 2026). BALQ against PBP. Retrieved from https://etfiq.com/compare/income/balq-vs-pbp
[BALQ against PBP (ETFIQ, Nov 4, 2026)](https://etfiq.com/compare/income/balq-vs-pbp)
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