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PAPI vs BALQ

Parametric Equity Premium Income ETF vs iShares Nasdaq Premium Income Active ETF

PAPI

Parametric Equity Premium Income ETF

Annual cost

0.29%

Fund size

$367M

BALQ

iShares Nasdaq Premium Income Active ETF

Annual cost

0.35%

Fund size

$14M

Key differences

  • PAPI costs 0.06% less per year.
  • PAPI is significantly larger than BALQ — larger funds tend to be more liquid and less likely to close.
  • PAPI is classified as alternative, while BALQ is fixed income — different risk/return profiles.
  • PAPI follows a option income strategy; BALQ uses index tracking.

Side-by-side comparison

PAPIBALQ
Annual cost (TER)0.29%0.35%
Fund size (AUM)$367M$14M
Since20232025
Dividend yield7.48%
Asset classalternativefixed income
Regionnorth americanorth america
Strategyoption incomeindex tracking
CAGR 1Y+14.8%N/A
CAGR 3YN/AN/A
CAGR 5YN/AN/A
Sharpe 3YN/AN/A
Volatility 1Y10.81%
Max drawdown-14.27%-11.79%

Similar to PAPI and BALQ