BALI and ETV are both covered call ETFs tracking the same benchmark, but with different approaches. BALI offers ~8% yield with a focus on cost-conscious investor seeking passive s&p 500 covered call exposure, while ETV provides ~8% yield targeting income investor comfortable with cef structure seeking long track record. Compare their scores, yields, and performance metrics to find the best fit for your portfolio.
Compare covered call ETFs with the same benchmark side by side
iShares S&P 500 BuyWrite ETF
6.3
Overall Score
Eaton Vance Tax-Managed Buy-Write Opportunities
5.5
Overall Score
| Criteria | BALI | ETV |
|---|---|---|
| Overall Score | 6.3 5.5 | |
| Total Return (25%) | 8.6 5.8 | |
| Downside Protection (25%) | 1.6 3.5 | |
| Upside Participation (25%) | 8.9 8.2 | |
| Consistency (15%) | 5.2 5.0 | |
| Expense Ratio (5%) | 9.4 1.4 | |
| Liquidity (5%) | 4.9 5.0 |
Since Inception
3 Years
Pro only
1 Year
Pro only
3 Months
Pro only
| Metric | BALI | ETV |
|---|---|---|
| Expense Ratio | 0.250% | 0.890% |
| Inception Date | Oct 18, 2022 | Sep 30, 2005 |
| Issuer | BlackRock | Eaton Vance |
| Distribution Frequency | Monthly | Monthly |
| Maturity Rating | 3/5 stars | 5/5 stars |
The cheapest S&P 500 covered call ETF — but 2-star maturity and very low downside protection are concerns
Investor Profile:
Cost-conscious investor seeking passive S&P 500 covered call exposure
Historical value for stress-testing — but newer ETF alternatives offer better structure and lower fees
Investor Profile:
Income investor comfortable with CEF structure seeking long track record