XYLD and BALI are both covered call ETFs tracking the same benchmark, but with different approaches. XYLD offers a 10.41% yield, while BALI provides a 7.83% 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
Global X S&P 500 Covered Call ETF
5.79
Overall Score
iShares U.S. Large Cap Premium Income Active ETF
7.26
Overall Score
| Criteria | XYLD | BALI |
|---|---|---|
| Overall Score | 5.79 7.26 | |
| Total Return (25%) | 3.79 9.07 | |
| Downside Protection (25%) | 5.90 3.93 | |
| Upside Participation (25%) | 6.45 8.88 | |
| Consistency (15%) | 7.61 7.19 | |
| Expense Ratio (5%) | 5.00 9.38 | |
| Liquidity (5%) | 7.23 4.90 |
Since Inception
3 Years
Pro only
1 Year
Pro only
3 Months
Pro only
| Metric | XYLD | BALI |
|---|---|---|
| Expense Ratio | 0.600% | 0.350% |
| Inception Date | Jun 24, 2013 | Oct 18, 2022 |
| Issuer | Global X | BlackRock |
| Distribution Frequency | Monthly | Monthly |
| Maturity Rating | 5/5 stars | 3/5 stars |
Cut volatility to 9.0% (SPY 15.7%), but its worst drawdown (-23.4%) was only 0.5 points better than SPY's.
Investor Profile:
XYLD tracks the Cboe S&P 500 BuyWrite Index. It holds the S&P 500 stocks, 507 positions, and sells one-month at-the-money call options on the whole portfolio. The rules are mechanical and it pays monthly. PBP tracks the same index.
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.
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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