Data as of Nov 4, 2026.
BALQ vs XPAY: Dividend Yield & Total Return
BALQ and XPAY both write options for income.
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Net assets: $43m on Nov 3, 2026 for iShares Nasdaq Premium Income Active ETF, and $187m on Nov 4, 2026 for Roundhill S&P 500 Target 20 Managed 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, 2026.0.8 pts behind VOO
XPAY over 1 year: paid 19.7%, price −7.2%, total +14.0%, VOO +14.8%, −0.8 pts. Data to Nov 4, 2026.
VOO
+14.8%
XPAY
+14.0%
19.7% of it arrived as cash
0.8 pts behind VOO
Total return, distributions reinvested
0.8 pts behind VOO
XPAY over 1 year: paid 19.7%, price −7.2%, total +14.0%, VOO +14.8%, −0.8 pts. Data to Nov 4, 2026.
VOO
+14.8%
XPAY
+14.0%
19.7% as cash
0.8 pts behind VOO
19.7% of it arrived as cash. Both charts share one scale, with zero at the line. XPAY over 1 year: paid 19.7%, price −7.2%, total +14.0%, VOO +14.8%, −0.8 pts. Data to Nov 4, 2026.
Data to Nov 4, 2026.Pair scorecard
BALQ costs 0.14 points a year less; XPAY is 4.3 times larger.
Points (pts) are percentage points.
| Measure | BALQ | XPAY |
|---|---|---|
| Paid and earned | ||
| Total return, 1 year | not published | +14.0% |
| Price change | rose 5.1% (since Dec 3, 2025) | fell 7.2% (1 year) |
| Return of capital, issuer estimate | 97% of the Nov 5, 2026 payment | 100% of the Oct 15, 2026 payment |
| Against its benchmark | ||
| Benchmark | Nasdaq-100, measured through QQQ | Vanguard S&P 500 ETF, measured through VOO |
| Cost and size | ||
| Expense ratio | 0.35% | 0.49% |
| Net assets, as of Nov 3, 2026 | $43m | $183m |
| 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 +11.3%. XPAY fell slightly less at its worst: −8.5% to −9.3%.
Full scorecard
3 measures, with how each is measured Open ↓
| Measure | BALQ | XPAY | Edge | How it is measured |
|---|---|---|---|---|
| Return | ||||
| Total return | +16.8% | +11.3% | BALQ | Price change plus distributions, reinvested. |
| Price return | +7.0% | −6.2% | BALQ | Price change alone, distributions left out. |
| Risk | ||||
| Max drawdown | −9.3% | −8.5% | XPAY (slight) | 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 XPAY 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 | XPAY | BALQ | XPAY | BALQ | XPAY |
| 3 months | −3.8% | −0.3% | 2.1% | 5.0% | −0.3 pts | −0.2 pts |
| 6 months | +1.3% | +4.9% | 5.2% | 10.0% | +1.7 pts | −0.1 pts |
| 1 year | – | +14.0% | – | 19.7% | – | −0.9 pts |
| Since launchNot the same days: BALQ Dec 2025 · XPAY Oct 2024 | +15.6% | +35.6% | 10.0% | 39.0% | +4.1 pts | −2.6 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.
XPAY
Over the year to Nov 4, 2026, XPAY paid 19.7% of its starting value in cash distributions while its price fell 7.2%. With every distribution reinvested, the fund returned +14.0%. Vanguard S&P 500 ETF (VOO) returned +14.8% over the same days, so a holder was behind by 0.8 pts. At its price on Nov 4, 2026 the latest distribution annualizes to 21.1%, paid monthly. Roundhill estimates that 100% of the distribution paid Oct 15, 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 XPAY, data as of Nov 4, 2026. https://etfiq.com/compare/income/balq-vs-xpay
ETFIQ. (Nov 4, 2026). BALQ against XPAY. Retrieved from https://etfiq.com/compare/income/balq-vs-xpay
[BALQ against XPAY (ETFIQ, Nov 4, 2026)](https://etfiq.com/compare/income/balq-vs-xpay)
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