BALI and XYLG are both covered call ETFs tracking the same benchmark, but with different approaches. BALI offers a 7.83% yield, while XYLG provides a 12.83% 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
Global X S&P 500 Covered Call & Growth ETF
6.89
Overall Score
| Criteria | BALI | XYLG |
|---|---|---|
| Overall Score | 7.26 6.89 | |
| Total Return (25%) | 9.07 7.58 | |
| Downside Protection (25%) | 3.93 5.05 | |
| Upside Participation (25%) | 8.88 7.83 | |
| Consistency (15%) | 7.19 8.03 | |
| Expense Ratio (5%) | 9.38 5.00 | |
| Liquidity (5%) | 4.90 6.29 |
Since Inception
3 Years
Pro only
1 Year
Pro only
3 Months
Pro only
| Metric | BALI | XYLG |
|---|---|---|
| Expense Ratio | 0.350% | 0.600% |
| Inception Date | Oct 18, 2022 | Oct 5, 2020 |
| Issuer | BlackRock | Global X |
| 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.
Captured 78% of S&P 500 upside and 76% of the downside; the 12.8% TTM yield includes a one-off, and the regular yield is 5.6%.
Investor Profile:
XYLG tracks the Cboe S&P 500 Half BuyWrite Index. It holds the S&P 500 stocks, 506 positions, and sells one-month at-the-money calls on up to half of each holding, which leaves the rest free to follow the index. It paid a one-time distribution of $2.14 per share on Dec 30, 2025. It pays monthly.
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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