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BALI vs WDTE

iShares U.S. Large Cap Premium Income Active ETF

BALIACboe

S&P 500 Weekly Distribution ETF

WDTEDNYSE Arca

Overlap

Expense ratio

BALI −0.68pt a year

BALI0.35%WDTE1.03%

Avg volume · 30D

BALI 16.2×the volume

BALI337KWDTE20.9K

3Y return · a year

BALI +6.7pt

BALI+21.2%WDTE+14.5%

BALI vs WDTE Performance

Oct 31, 2025 – Oct 30, 2026

+15.6%BALI+11.8%WDTE

Oct 31, 2025 to Oct 30, 2026. BALI +15.6%. WDTE +11.8%. Use the arrow keys to read each point.−5%0%5%Oct 2025Apr 2026Oct 2026
Expense ratio
BALI 0.35%, better
WDTE 1.03%
Fund size
BALI $1.54B
WDTE $69M
1Y total return
BALI +15.6%, better
WDTE +11.8%
Yield (12M)
BALI 7.84%
WDTE 33.61%, better
Holdings
BALI 193
WDTE 4
Avg volume (30D)
BALI 337K sh, better
WDTE 20.9K sh
NAV per share
BALI $34.08
WDTE $27.52
52W range

ETF.net Grade

BALI: Cost 77, Risk 56, Mission 100, Tradability 83, Holdings 83, Durability 85. WDTE: Cost 4, Risk 38, Mission 72, Tradability 21, Holdings not scored, Durability 38.
Pillar letters and Scores for BALI, WDTE, with each pillar’s weight
PillarBALIWDTE
Cost30% weightA77HigherF4
Mission25% weightA100HigherA72
Risk15% weightB56HigherD38
Tradability15% weightA83HigherF21
Holdings10% weightA83Not scored
Durability5% weightA85HigherD38

Rank among S&P 500 Option Income funds

How we build Categories ›
Same Category. Both funds are graded against the same funds, so their Grades compare head to head.

Same Category. BALI and WDTE are both graded against the same 51 S&P 500 Option Income funds, so their Grades compare head to head.

S&P 500 Option Income⁠

Category · 51 funds
See all 51 ›

BALI ranks 2nd and WDTE 48th of 51 funds in the S&P 500 Option Income Category.

  1. Rank 1ACSHINeos Enhanced Income Cash Alternative ETFScore 83
  2. Rank 2ABALIiShares U.S. Large Cap Premium Income Active ETFScore 81
  3. Rank 3AIVVWiShares S&P 500 BuyWrite ETFScore 80
  4. Rank 46DSDTYYieldMax S&P 500 0DTE Covered Call Strategy ETFScore 35
  5. Rank 48DWDTES&P 500 Weekly Distribution ETFScore 33
  6. Rank 49DYSPYGraniteShares YieldBOOST SPY ETFScore 25

Our read on each fund

ETF.net Research

BALIAiShares U.S. Large Cap Premium Income Active ETF

WDTEDS&P 500 Weekly Distribution ETF

In short

BALI BlackRock's active answer to the covered-call crowd: roughly 200 hand-picked U.S. large caps, calls written on the S&P 500 itself rather than single stocks, monthly payouts, at well under the typical fee in its peer group.

WDTE Defiance built WDTE to cut a paycheck every week: it sells daily credit call spreads on the S&P 500 while holding long index exposure, and targets a 30% annualized distribution funded mainly by option premiums.

Stated mandate

BALI BALI seeks consistent income with lower volatility than the broader U.S. equity market. It primarily holds U.S. large-cap equities, sells calls on a large-cap equity index, and uses related index futures to pursue premium income and capital appreciation.

WDTE WDTE seeks current income and exposure to the performance of the S&P 500 Index. It is actively managed and uses daily credit call spreads with long index exposure to generate weekly cash distributions.

Why people hold it

  • BALI 0.35% a year against a 0.60% median for S&P 500 option-income funds, and below what XYLD (0.60%) or SPYI (0.68%) charge for similar work.
  • Actively run, not a mechanical buy-write: about 200 large caps picked by the manager, index calls sold on top, index futures used alongside.ishares.com
  • Pays monthly, and the mandate chases capital appreciation as well as premium, so the stock sleeve is not just collateral for the options.
  • Does what its documents say it does, and stands among the stronger implementations in the S&P 500 option-income group.
  • WDTE Weekly payouts, not quarterly. Cash comes primarily from premiums collected selling daily S&P 500 call spreads, with distributions scheduled every week.defianceetfs.com
  • Spreads, not naked calls. Each sold call is paired with a higher-strike call it buys, so index moves above that upper strike still flow through to the fund.defianceetfs.com
  • The 30% annualized distribution target is written into the strategy, so the payout math the fund is aiming at is stated up front, not improvised.defianceetfs.com

Worth knowing

  • BALI Selling index calls swaps part of a big rally for premium. The design targets lower volatility than the broad market, not maximum upside.
  • Distributions can include return of capital, meaning part of a payout may be your own money coming back rather than fund earnings.ishares.com
  • Launched in 2023, so the track record is short, and it trades at moderate volume rather than with the tightest spreads in the category.
  • WDTE At 1.03% a year it is one of the pricier ways to run this trade; the S&P 500 options-income median sits near 0.60%, and peers like IVVW and GPIX charge well under half.
  • A payout target that aggressive can return your own capital in lean premium weeks, and gains between the two strikes are handed to the option buyer.defianceetfs.com
  • Thinly traded next to the heavyweights of its category, and it sits in the bottom quartile of a crowded S&P 500 options-income peer group.

Full BALI profile⁠

Full WDTE profile⁠

BALI vs WDTE Holdings

How we measure overlap

Each holding counts at its smaller weight in the two funds, summed over the full Holdings. Sector, country and asset class use the same rule on each fund’s split. Cash, FX and derivative lines stay out of the counts. Two bond funds get no overlap figure.

BALI vs WDTE Cost

Overpaying WDTE vs BALI

$12,047

On $10,000 over 30 years. 7% growth a year before fees, expense ratio only.

  • BALI 0.35%

    $7,126

  • WDTE 1.03%

    $19,173

$10,000
30 years

Cost over time

  • BALI 0.35%
  • WDTE 1.03%
  • Overpaying
One line per fund, from year 0 to year 30. Use the arrow keys to read each point.$0$5K$10K$15K$20K051015202530WDTE $19,173BALI $7,126

Year by year

YearBALIWDTEOverpaying
10$634$1,814$1,180
20$2,454$6,807$4,353
30$7,126$19,173$12,047

Expense ratio

  • 0.35%BALI, cheaper
  • 1.03%WDTE
  • Middle half of S&P 500 Option Income funds
  • Median 0.60%

BALI 11th cheapest of 51 funds

WDTE 49th cheapest of 51 funds

BALI vs WDTE Dividends

Last 12 months to Oct 30, 2026
Yield (12M)
BALI 7.84%
WDTE 33.61%, better
Payout (12M)
BALI $2.67
WDTE $9.23
Last payment
BALI $0.18
WDTE $0.16
Ex-dividend
BALI Oct 1, 2026
WDTE Oct 29, 2026
Paid on
BALI Oct 6, 2026
WDTE Oct 30, 2026
Frequency
BALI Monthly
WDTE Weekly

Distribution history

Per share, 2026, same scale for both

BALIMonthly · 9 paymentsAll BALI payments⁠
One bar per payment. 9 payments in 2026 YTD. Feb 2, 2026 $0.18; Mar 2, 2026 $0.20; Apr 1, 2026 $0.35; May 1, 2026 $0.22; Jun 1, 2026 $0.22; Jul 1, 2026 $0.27; Aug 3, 2026 $0.19; Sep 1, 2026 $0.21; Oct 1, 2026 $0.18. Use the arrow keys to read each point.$0$0.252026YTD
WDTEWeekly · 43 paymentsAll WDTE payments⁠
One bar per payment. 43 payments in 2026 YTD. Jan 8, 2026 $0.18; Jan 15, 2026 $0.18; Jan 22, 2026 $0.18; Jan 29, 2026 $0.18; Feb 5, 2026 $0.18; Feb 12, 2026 $0.18; Feb 19, 2026 $0.18; Feb 26, 2026 $0.18; Mar 5, 2026 $0.17; Mar 12, 2026 $0.17; Mar 19, 2026 $0.17; Mar 26, 2026 $0.17; Apr 2, 2026 $0.16; Apr 9, 2026 $0.17; Apr 16, 2026 $0.17; Apr 23, 2026 $0.17; Apr 30, 2026 $0.18; May 7, 2026 $0.18; May 14, 2026 $0.18; May 21, 2026 $0.18; May 28, 2026 $0.18; Jun 4, 2026 $0.18; Jun 11, 2026 $0.17; Jun 18, 2026 $0.18; Jun 25, 2026 $0.17; Jul 2, 2026 $0.17; Jul 9, 2026 $0.17; Jul 16, 2026 $0.17; Jul 23, 2026 $0.17; Jul 30, 2026 $0.17; Aug 6, 2026 $0.17; Aug 13, 2026 $0.17; Aug 20, 2026 $0.17; Aug 27, 2026 $0.17; Sep 3, 2026 $0.17; Sep 10, 2026 $0.17; Sep 17, 2026 $0.17; Sep 24, 2026 $0.17; Oct 1, 2026 $0.17; Oct 8, 2026 $0.17; Oct 15, 2026 $0.17; Oct 22, 2026 $0.16; Oct 29, 2026 $0.16. Use the arrow keys to read each point.$0$0.252026YTD

BALI vs WDTE Risk

Fall from peak · 5 years

This chart needs five years of history for both funds.

Risk facts

VolatilityStd dev, 3 years
BALI 10.2%, betterWDTE 10.4%
Return per unit of riskSharpe ratio, 3 years
BALI 1.52, betterWDTE 0.93
Worst fallMax drawdown, 5 years
BALI −16.6%since Sep 2023WDTE −15.8%since Sep 2023
Market sensitivityBeta, 5 years
BALI 0.79WDTE 0.74

BALI and WDTE in the news

All news⁠

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