Data as of Nov 4, 2026.

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Income ETFs

BALQ vs TPRY: Dividend Yield & Total Return

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BALQ and TPRY both write options for income.

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Net assets on Nov 3, 2026: $43m for iShares Nasdaq Premium Income Active ETF and $3.3m for VistaShares Target 15 TEPRTantrum Contrarian Distribution ETF.

At a glance
10.0%
BALQ cash paid, since launch, Dec 3, 2025
9.7%
TPRY cash paid, since launch, Feb 26, 2026
+15.6%
BALQ total return, since launch, Dec 3, 2025
−7.2%
TPRY total return, since launch, Feb 26, 2026
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%

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.
TPRY · since launch to Nov 4, 2026 19.3 pts behind SPY
TPRY
−7.2%
SPY
+12.1%

19.3 pts behind SPY

TPRY since launch: paid 9.7%, price −16.1%, total −7.2%, SPY +12.1%, −19.3 pts. Data to Nov 4, 2026.

SPY

+12.1%

TPRY

−7.2%

19.3 pts behind SPY

Total return, distributions reinvested

19.3 pts behind SPY

TPRY since launch: paid 9.7%, price −16.1%, total −7.2%, SPY +12.1%, −19.3 pts. Data to Nov 4, 2026.

SPY

+12.1%

TPRY

−7.2%

19.3 pts behind SPY

9.7% of it arrived as cash. Both charts share one scale, with zero at the line. TPRY since launch: paid 9.7%, price −16.1%, total −7.2%, SPY +12.1%, −19.3 pts. Data to Nov 4, 2026.

Data to Nov 4, 2026.

Pair scorecard

BALQ costs 0.60 points a year less; BALQ is 13.0 times larger.

Points (pts) are percentage points.

BALQ vs TPRY: Dividend Yield & Total Return
MeasureBALQTPRY
Paid and earned
Price changerose 5.1% (since Dec 3, 2025)fell 16.1% (since Feb 26, 2026)
Return of capital, issuer estimate97% of the Nov 5, 2026 payment19% of the Oct 27, 2026 payment
Against its benchmark
BenchmarkNasdaq-100, measured through QQQS&P 500, measured through SPY
Cost and size
Expense ratio0.35%0.95%
Net assets, as of Nov 3, 2026$43m$3.3m
Holdings
Holdings in common33%

Method

What they share

33%

By the books each fund has filed, BALQ and TPRY hold 33% of their money in the same securities at the same weight. Holdings dated Nov 3, 2026 and Nov 4, 2026.

0 half 100%

half

33% in common

Positions both hold · largest shared weight first BALQ TPRY
APPLE 7.82% 5.64%
AMAZON.COM INC 5.04% 14.29%
MICRON TECHNOLOGY 4.74% 11.36%
NVIDIA 8.33% 4.34%
ADVANCED MICRO DEVICES 4.10% 3.54%
META PLATFORMS CLASS A 3.09% 5.56%
ALPHABET CLASS A 2.75% 6.34%
LAM RESEARCH 1.64% 3.44%
BROADCOM INC 2.99% 1.49%
QUALCOMM 1.18% 1.48%
Only in one fund ↓
Only in BALQ
MICROSOFT 7.46%
COSTCO WHOLESALE CORP 3.46%
WALMART 2.97%
TESLA INC 2.88%
ALPHABET CLASS C 2.44%
CISCO SYSTEMS INC 2.30%
SPACE EXPLORATION TECHNOLOGIES COR 2.10%
PALANTIR TECHNOLOGIES CLASS A 2.02%
Only in TPRY
Taiwan Semiconductor Manufacturing Co Ltd 8.48%
Uber Technologies Inc 5.69%
Alibaba Group Holding Ltd 4.55%
Vistra Corp 4.31%
Boeing Co 4.22%
American Airlines Group Inc 3.95%
NRG Energy Inc 3.69%
Baidu Inc 3.66%
Check overlap with more funds →

Side by side

BALQ iShares Nasdaq Premium Income Active ETF · Covered call on QQQ, paying monthly TPRY VistaShares Target 15 TEPRTantrum Contrarian Distribution ETF · Covered call on SPY, paying monthly
Strategy covered call covered call
Benchmark Nasdaq-100 (QQQ) S&P 500 (SPY)
Pays monthly monthly
Payout rate, annualized 8.5% 15.7%
Expense ratio 0.35% 0.95%
Cash paid, 1 year 10.0% (since launch, Dec 3, 2025) 9.7% (since launch, Feb 26, 2026)
Price change, 1 year +5.1% (since launch, Dec 3, 2025) −16.1% (since launch, Feb 26, 2026)
Total return, 1 year +15.6% (since launch, Dec 3, 2025) −7.2% (since launch, Feb 26, 2026)
Benchmark return, 1 year +11.5% (since launch, Dec 3, 2025) +12.1% (since launch, Feb 26, 2026)
Ahead or behind +4.1 pts (since launch, Dec 3, 2025) −19.3 pts (since launch, Feb 26, 2026)
Return of capital, latest estimate 97% 19%
Age 336 days 251 days
Net assets, as of Nov 3, 2026 $43m $3.3m

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 TPRY: Dividend Yield & Total Return
Total returnCash paidAgainst the benchmark
WindowBALQTPRYBALQTPRYBALQTPRY
3 months−3.8%−9.7%2.1%3.6%−0.3 pts−9.5 pts
6 months+1.3%−14.1%5.2%6.9%+1.7 pts−19.1 pts
Since launchNot the same days: BALQ Dec 2025 · TPRY Feb 2026+15.6%−7.2%10.0%9.7%+4.1 pts−19.3 pts

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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.

TPRY

Over the period from its first trade on Feb 26, 2026 to Nov 4, 2026, TPRY paid 9.7% of its starting value in cash distributions while its price fell 16.1%. With every distribution reinvested, the fund returned −7.2%. S&P 500 (SPY) returned +12.1% over the same days, so a holder was behind by 19.3 pts. At its price on Nov 4, 2026 the latest distribution annualizes to 15.7%, paid monthly. VistaShares estimates that 19% of the distribution paid Oct 27, 2026 was a return of capital (its 19a-1 notice).

Questions people ask

Which is cheaper, BALQ or TPRY?
BALQ charges 0.35% a year and TPRY charges 0.95%, so BALQ is cheaper. Fees come from each fund's prospectus.
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ETFIQ, BALQ against TPRY, data as of Nov 4, 2026. https://etfiq.com/compare/income/balq-vs-tpry

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