Data as of Nov 4, 2026.
BALQ vs WDTE: Dividend Yield & Total Return
BALQ and WDTE both write options for income.
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Net assets on Nov 3, 2026: $43m for iShares Nasdaq Premium Income Active ETF and $69m for Defiance S&P 500 Weekly Distribution 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, 2026.0.7 pts behind SPY
WDTE over 1 year: paid 27.9%, price −15.9%, total +14.1%, SPY +14.8%, −0.7 pts. Data to Nov 4, 2026.
SPY
+14.8%
WDTE
+14.1%
27.9% of it arrived as cash
0.7 pts behind SPY
Total return, distributions reinvested
0.7 pts behind SPY
WDTE over 1 year: paid 27.9%, price −15.9%, total +14.1%, SPY +14.8%, −0.7 pts. Data to Nov 4, 2026.
SPY
+14.8%
WDTE
+14.1%
27.9% as cash
0.7 pts behind SPY
27.9% of it arrived as cash. Both charts share one scale, with zero at the line. WDTE over 1 year: paid 27.9%, price −15.9%, total +14.1%, SPY +14.8%, −0.7 pts. Data to Nov 4, 2026.
Data to Nov 4, 2026.Pair scorecard
BALQ costs 0.68 points a year less; WDTE is 1.6 times larger.
Points (pts) are percentage points.
| Measure | BALQ | WDTE |
|---|---|---|
| Paid and earned | ||
| Total return, 1 year | not published | +14.1% |
| Price change | rose 5.1% (since Dec 3, 2025) | fell 15.9% (1 year) |
| Return of capital, issuer estimate | 97% of the Nov 5, 2026 payment | 100% of the Oct 30, 2026 payment |
| Against its benchmark | ||
| Benchmark | Nasdaq-100, measured through QQQ | S&P 500, measured through SPY |
| Cost and size | ||
| Expense ratio | 0.35% | 1.03% |
| Net assets, as of Nov 3, 2026 | $43m | $69m |
| 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 +11.5%. WDTE fell less at its worst: −7.2% to −9.3%.
Full scorecard
3 measures, with how each is measured Open ↓
| Measure | BALQ | WDTE | Edge | How it is measured |
|---|---|---|---|---|
| Return | ||||
| Total return | +16.8% | +11.5% | BALQ | Price change plus distributions, reinvested. |
| Price return | +7.0% | −14.5% | BALQ | Price change alone, distributions left out. |
| Risk | ||||
| Max drawdown | −9.3% | −7.2% | WDTE | 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 WDTE hold 0% of their money in the same securities at the same weight. Holdings dated Nov 3, 2026 and Nov 4, 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 | WDTE | BALQ | WDTE | BALQ | WDTE |
| 3 months | −3.8% | −0.4% | 2.1% | 7.3% | −0.3 pts | −0.2 pts |
| 6 months | +1.3% | +4.6% | 5.2% | 14.4% | +1.7 pts | −0.4 pts |
| 1 year | – | +14.1% | – | 27.9% | – | −0.7 pts |
| 3 years | – | +50.8% | – | 78.5% | – | −32.1 pts |
| Since launchNot the same days: BALQ Dec 2025 · WDTE Sep 2023 | +15.6% | +49.2% | 10.0% | 79.5% | +4.1 pts | −30.4 pts |
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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.
WDTE
Over the year to Nov 4, 2026, WDTE paid 27.9% of its starting value in cash distributions while its price fell 15.9%. With every distribution reinvested, the fund returned +14.1%. S&P 500 (SPY) returned +14.8% over the same days, so a holder was behind by 0.7 pts. At its price on Nov 4, 2026 the latest distribution annualizes to 30.3%, paid weekly. Defiance estimates that 100% of the distribution paid Oct 30, 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 WDTE, data as of Nov 4, 2026. https://etfiq.com/compare/income/balq-vs-wdte
ETFIQ. (Nov 4, 2026). BALQ against WDTE. Retrieved from https://etfiq.com/compare/income/balq-vs-wdte
[BALQ against WDTE (ETFIQ, Nov 4, 2026)](https://etfiq.com/compare/income/balq-vs-wdte)
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