BALI and RSPA are both covered call ETFs tracking the same benchmark, but with different approaches. BALI offers a 7.83% yield, while RSPA provides a 9.42% yield. 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 U.S. Large Cap Premium Income Active ETF
7.26
Overall Score
Invesco S&P 500 Equal Weight Income Advantage ETF
6.25
Overall Score
| Criteria | BALI | RSPA |
|---|---|---|
| Overall Score | 7.26 6.25 | |
| Total Return (25%) | 9.07 5.78 | |
| Downside Protection (25%) | 3.93 3.65 | |
| Upside Participation (25%) | 8.88 6.84 | |
| Consistency (15%) | 7.19 10.00 | |
| Expense Ratio (5%) | 9.38 7.62 | |
| Liquidity (5%) | 4.90 6.01 |
Since Inception
3 Years
Pro only
1 Year
Pro only
3 Months
Pro only
| Metric | BALI | RSPA |
|---|---|---|
| Expense Ratio | 0.350% | 0.390% |
| Inception Date | Oct 18, 2022 | Jul 1, 2024 |
| Issuer | BlackRock | Invesco |
| Distribution Frequency | Monthly | Monthly |
| Maturity Rating | 3/5 stars | 4/5 stars |
Keeps 89% of S&P 500 upside for a 7.8% yield, but with 36 months of history and 80% down capture the downside protection is modest.
Investor Profile:
BALI is an actively managed BlackRock fund run by its Systematic Active Equity team (Robert Fisher, Travis Cooke, Raffaele Savi). It holds about 203 large-cap U.S. stocks, with technology at 36.8% of assets. It sells call options on a large-cap equity index to collect premium and pays monthly. Its benchmark is the S&P 500.
Down capture of 82% against 68% up capture means the structure gave up more upside than it cushioned losses over 26 months.
Investor Profile:
RSPA is an actively managed Invesco fund of funds that holds stocks and ETFs to mirror the S&P 500 Equal Weight Index, 523 positions. It earns option income through equity-linked notes (ELNs), and about 20% of assets sit in an Invesco government money market fund. It pays monthly and charges 0.29%.
Both funds are scored on total return, downside protection, upside participation, distribution consistency, cost and liquidity, against the same benchmark and the same window.
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