BALI vs XYLD: Grades, Fees and Holdings Compared

iShares U.S. Large Cap Premium Income Active ETF

BALIACboe

Global X S&P 500 Covered Call ETF

XYLDANYSE Arca

Overlap

59.2%by weight

Expense ratio

BALI −0.25pt a year

BALI0.35%XYLD0.60%

Avg volume · 30D

XYLD 1.7×the volume

BALI337KXYLD588K

3Y return · a year

BALI +7.0pt

BALI+21.2%XYLD+14.2%

BALI vs XYLD Performance

Oct 31, 2025 – Oct 30, 2026

+15.6%BALI+14.5%XYLD

Expense ratio: BALI 0.35%, better; XYLD 0.60%
Fund size: BALI $1.54B; XYLD $3.35B
1Y total return: BALI +15.6%, better; XYLD +14.5%
Yield (12M): BALI 7.84%; XYLD 10.32%, better
Holdings: BALI 193; XYLD 506
Avg volume (30D): BALI 337K sh; XYLD 588K sh, better
NAV per share: BALI $34.08; XYLD $41.08
52W range

ETF.net Grade

Pillar letters and Scores for BALI, XYLD, with each pillar’s weight
Pillar	BALI	XYLD
Cost30% weight	A77Higher	C50
Mission25% weight	A100	A100
Risk15% weight	B56	B66Higher
Tradability15% weight	A83	A91Higher
Holdings10% weight	A83Higher	B65
Durability5% weight	A85	A91Higher

Rank among S&P 500 Option Income funds

How we build Categories ›

Same Category. BALI and XYLD 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 XYLD 6th of 51 funds in the S&P 500 Option Income Category.

Rank 1ACSHINeos Enhanced Income Cash Alternative ETFScore 83
Rank 2ABALIiShares U.S. Large Cap Premium Income Active ETFScore 81
Rank 3AIVVWiShares S&P 500 BuyWrite ETFScore 80
Rank 6AGQINatixis Gateway Quality Income ETFScore 74
Rank 6AXYLDGlobal X S&P 500 Covered Call ETFScore 74
Rank 8AFYEEFidelity Yield Enhanced Equity ETFScore 73

Our read on each fund

ETF.net Research

BALIAiShares U.S. Large Cap Premium Income Active ETF

XYLDAGlobal X S&P 500 Covered Call 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.

XYLD The purist's covered call fund: XYLD owns the S&P 500 and sells at-the-money calls on the whole book each month, then pays the premium out. Maximum income mechanics, minimum upside left over. Running since 2013.

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.

XYLD The Fund seeks to generally match the performance of the Cboe S&P 500 BuyWrite Index before fees and expenses. It uses an indexed covered-call strategy combining S&P 500 equity exposure with written S&P 500 call options.

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.

XYLD Rules to the letter: strikes and timing come from Cboe's BuyWrite methodology, not a manager's mood, and the fund has stayed tight to that index.cboe.com
Trading since 2013 and now a multi-billion-dollar fund that changes hands easily, so getting in and out rarely means fighting a wide spread.
Premiums land monthly, and the equity leg is the full S&P 500 (roughly 500 names), not a hand-picked slice of it.globalxetfs.com
Among 50-plus S&P 500 option-income funds, it is one of the stronger implementations of the classic buy-write.

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.

XYLD The full at-the-money overwrite is the trade: in a strong up month, the written calls give back most of the gain above the strike.cboe.com
At 0.60% it sits right at the peer median, while newer entrants like IVVW (0.25%) and GPIX (0.35%) come in cheaper.
Monthly payouts float with option premiums. There is no declared target rate, so the size of the check moves with volatility.globalxetfs.com

Full BALI profile⁠

Full XYLD profile⁠

BALI vs XYLD Holdings

As of Oct 13, 2026

How BALI and XYLD differ

Overlap by weight

59.2%

Shared holdings make up 89.5% of BALI and 69.2% of XYLD.

Level by level

Holdings118 in both59.2%
Sector11 Sectors92.8%
Countryby domicile99.4%
Asset classEquity100%

Sector

Sector weights in BALI and XYLD, widest gap first
Sector	More in BALIMore in XYLD	BALI	XYLD
Technology	XYLD +3.5 points	37.0%	40.5%
Health Care	BALI +2.0 points	11.3%	9.3%
Consumer Staples	BALI +2.0 points	6.3%	4.3%
Communication	XYLD +1.9 points	8.0%	9.9%
Energy	BALI +1.8 points	5.2%	3.4%
Real Estate	XYLD +1.0 points	0.7%	1.7%
Utilities	BALI +0.7 points	2.6%	1.9%
Financials	XYLD +0.7 points	10.5%	11.2%
Industrials	BALI +0.7 points	8.3%	7.5%
Consumer Discretionary	XYLD +0.1 points	8.7%	8.8%
Materials	XYLD +0.1 points	1.5%	1.6%

Country, concentration and asset class

Country by domicile

Country weights in BALI and XYLD, widest gap first
Country	More in BALIMore in XYLD	BALI	XYLD
United States	XYLD +0.1 points	99.4%	99.5%
Netherlands	BALI +0.4 points	0.4%	0.0%
Switzerland	XYLD +0.3 points	0.0%	0.3%
United Kingdom	BALI +0.2 points	0.2%	0.0%
China	XYLD +0.1 points	0.0%	0.1%
Brazil	BALI +0.1 points	0.1%	0.0%
Mexico	XYLD +0.1 points	0.0%	0.1%
Ireland	Same weight	0.0%	0.0%

Concentration

Weight in the 10 largest Holdings

BALI35.0%
XYLD39.9%

Securities held

BALI190
XYLD505

Asset class

BALI: Equity
XYLD: Equity

Holdings

Only in BALI72
In both118
Only in XYLD387

Only in BALI

72 securities, 6.6% of BALI by weight

American Financial Group0.50%
Ferrovial NV0.33%
Texas Roadhouse Inc0.29%
Agnc Investment Reit0.29%
First Hawaiian0.26%
Dynatrace Inc0.23%
Amdocs0.23%
Blue Owl Capital Class A0.21%
Popular0.19%
United Therapeutics0.17%
New York Times Class A0.17%
Neurocrine Biosciences0.16%
First Horizon0.16%
Viking Holdings Ltd0.15%
Exelixis Inc0.15%
Healthcare Realty Trust Inc Class0.14%
Rpm International Inc0.13%
Applied Industrial Technologies0.13%
Natera0.13%
Rayonier Reit0.11%
Sentinelone Inc Class A0.10%
Omega Healthcare Investors Reit0.10%
Nvent Electric PLC0.10%
Ionis Pharmaceuticals0.10%
Ingredion Inc0.10%
Elastic0.09%
Old Republic International0.09%
Mercadolibre0.08%
Eastman Chemical0.08%
Chemed0.07%
Smithfield Foods0.07%
Astera Labs0.07%
Eastgroup Properties Reit0.06%
Snowflake0.06%
Reliance Steel & Aluminum0.06%
Gentex0.06%
Dropbox Inc Class A0.05%
H&R Block Inc0.05%
Booz Allen Hamilton Holding Class0.05%
Columbia Banking System Inc0.05%
Borgwarner0.05%
Liberty Media Series C0.05%
Mongodb Class A0.05%
W. P. Carey Reit0.05%
Littelfuse0.04%
Agree Realty Reit0.04%
Coca Cola Europacific Partners PLC0.04%
Aramark0.04%
Hinge Health Class A0.04%
Watsco0.03%

Only in XYLD

387 securities, 33.0% of XYLD by weight

Johnson & Johnson0.97%
Walmart Inc0.77%
Mastercard Inc - A0.73%
Coca-Cola Co/The0.52%
Ge Aerospace0.49%
Philip Morris International0.47%
Home Depot Inc0.44%
Goldman Sachs Group Inc0.40%
Wells Fargo & Co0.38%
Rtx Corporation0.38%
Kla Corp0.37%
Thermo Fisher Scientific Inc0.37%
Linde PLC0.34%
Morgan Stanley0.34%
Citigroup Inc0.34%
Arista Networks Inc0.34%
Analog Devices Inc0.30%
Salesforce Inc0.29%
Walt Disney Co/The0.28%
Welltower Inc0.25%
American Express Co0.25%
Mcdonald's Corp0.25%
Conocophillips0.25%
Union Pacific Corp0.25%
Eaton Corp PLC0.25%
Deere & Co0.24%
BlackRock Inc0.24%
AT&T Inc0.23%
Intuitive Surgical Inc0.23%
Boeing Co/The0.23%
Uber Technologies Inc0.22%
Servicenow Inc0.22%
Danaher Corp0.21%
Marathon Petroleum Corp0.20%
Vertex Pharmaceuticals Inc0.20%
Accenture Plc-Cl A0.20%
Progressive Corp0.19%
Prologis Inc0.19%
S&P Global Inc0.19%
Newmont Corp0.19%
Capital One Financial Corp0.19%
Chubb Ltd0.19%
Parker Hannifin Corp0.18%
Altria Group Inc0.18%
Bristol-Myers Squibb Co0.18%
Corning Inc0.17%
Automatic Data Processing0.17%
Freeport-Mcmoran Inc0.16%
Trane Technologies PLC0.16%
Equinix Inc0.15%

Weight gaps

The 100 widest of 118 Holdings in both funds.

Holding weights in BALI and XYLD, widest gap first
Holding	More in BALIMore in XYLD	BALI	XYLD
NVIDIANVDA	XYLD +1.50 points	6.82%	8.32%
ChevronCVX	BALI +1.22 points	1.87%	0.65%
AppleAAPL	XYLD +1.22 points	6.35%	7.57%
United Parcel Service Inc Class BUPS	BALI +1.13 points	1.24%	0.11%
Costco Wholesale CorpCOST	BALI +1.11 points	1.75%	0.64%
Procter & GamblePG	BALI +1.09 points	1.63%	0.54%
Alphabet Class AGOOGL	XYLD +1.08 points	2.06%	3.14%
PfizerPFE	BALI +1.05 points	1.29%	0.24%
TjxTJX	BALI +1.00 points	1.24%	0.24%
Exxonmobil Holdings CorpXOM	BALI +0.93 points	2.01%	1.08%
Meta Platforms Class AMETA	XYLD +0.89 points	1.60%	2.49%
Lockheed MartinLMT	BALI +0.85 points	1.00%	0.15%
Tesla IncTSLA	XYLD +0.83 points	0.79%	1.62%
Wec Energy GroupWEC	BALI +0.83 points	0.88%	0.05%
Amazon.com IncAMZN	XYLD +0.71 points	3.16%	3.87%
MicrosoftMSFT	XYLD +0.69 points	5.41%	6.10%
Abbott LaboratoriesABT	BALI +0.68 points	0.95%	0.27%
Cardinal HealthCAH	BALI +0.67 points	0.75%	0.08%
Verizon Communications IncVZ	BALI +0.66 points	0.93%	0.27%
Visa Class AV	BALI +0.61 points	1.62%	1.01%
Ametek IncAME	BALI +0.60 points	0.68%	0.08%
Gilead SciencesGILD	BALI +0.59 points	0.87%	0.28%
Alphabet Class CGOOG	XYLD +0.58 points	1.93%	2.51%
Vulcan MaterialsVMC	BALI +0.55 points	0.60%	0.05%
UnitedHealth GroupUNH	BALI +0.55 points	1.07%	0.52%
Airbnb Class AABNB	BALI +0.55 points	0.65%	0.10%
Phillips 66PSX	BALI +0.52 points	0.69%	0.17%
Broadcom IncAVGO	XYLD +0.50 points	2.07%	2.57%
Citizens Financial Group IncCFG	BALI +0.50 points	0.54%	0.04%
3MMMM	BALI +0.48 points	0.61%	0.13%
Merck & Co IncMRK	BALI +0.43 points	0.97%	0.54%
Oreilly Automotive IncORLY	BALI +0.42 points	0.53%	0.11%
PepsicoPEP	BALI +0.42 points	0.68%	0.26%
Ppl CorpPPL	BALI +0.40 points	0.44%	0.04%
VerisignVRSN	BALI +0.39 points	0.43%	0.04%
Micron TechnologyMU	XYLD +0.38 points	1.32%	1.70%
Valero Energy CorpVLO	BALI +0.37 points	0.57%	0.20%
General Dynamics CorpGD	BALI +0.38 points	0.51%	0.13%
Archer Daniels MidlandADM	BALI +0.36 points	0.42%	0.06%
Berkshire Hathaway Inc Class BBRK.B	BALI +0.34 points	1.81%	1.47%
Medtronic PLCMDT	BALI +0.35 points	0.53%	0.18%
Mckesson CorpMCK	BALI +0.32 points	0.50%	0.18%
Nextera EnergyNEE	BALI +0.30 points	0.55%	0.25%
Intel CorporationINTC	XYLD +0.31 points	0.46%	0.77%
Us BancorpUSB	BALI +0.30 points	0.43%	0.13%
PaychexPAYX	BALI +0.29 points	0.34%	0.05%
Booking HoldingsBKNG	BALI +0.29 points	0.47%	0.18%
Adobe IncADBE	BALI +0.28 points	0.43%	0.15%
Cisco Systems IncCSCO	BALI +0.27 points	0.96%	0.69%
Mondelez International Class AMDLZ	BALI +0.27 points	0.39%	0.12%
Northrop Grumman CorpNOC	BALI +0.26 points	0.36%	0.10%
Comfort Systems UsaFIX	BALI +0.25 points	0.34%	0.09%
Charles SchwabSCHW	BALI +0.25 points	0.49%	0.24%
Travelers CompaniesTRV	BALI +0.24 points	0.36%	0.12%
Exelon CorpEXC	BALI +0.25 points	0.31%	0.06%
Advanced Micro DevicesAMD	XYLD +0.25 points	1.23%	1.48%
Rockwell Automation IncROK	BALI +0.24 points	0.32%	0.08%
Air Products and ChemicalsAPD	BALI +0.23 points	0.33%	0.10%
Applied Material IncAMAT	BALI +0.23 points	0.82%	0.59%
Palantir Technologies Class APLTR	XYLD +0.22 points	0.50%	0.72%
Amgen IncAMGN	BALI +0.22 points	0.56%	0.34%
Duke Energy CorpDUK	BALI +0.21 points	0.35%	0.14%
Intercontinental Exchange IncICE	BALI +0.21 points	0.35%	0.14%
Bank of AmericaBAC	BALI +0.21 points	0.75%	0.54%
Starbucks CorpSBUX	BALI +0.21 points	0.37%	0.16%
Target CorpTGT	BALI +0.20 points	0.31%	0.11%
Lowes Companies IncLOW	BALI +0.20 points	0.36%	0.16%
Tyson Foods Inc Class ATSN	BALI +0.20 points	0.22%	0.02%
Texas InstrumentTXN	BALI +0.20 points	0.59%	0.39%
IntuitINTU	BALI +0.19 points	0.32%	0.13%
International Business Machines CoIBM	BALI +0.19 points	0.51%	0.32%
BlackstoneBX	BALI +0.18 points	0.31%	0.13%
JPMorgan Chase & CoJPM	XYLD +0.18 points	1.17%	1.35%
Healthpeak Properties IncDOC	BALI +0.18 points	0.20%	0.02%
Caterpillar IncCAT	BALI +0.17 points	0.73%	0.56%
Cvs HealthCVS	BALI +0.17 points	0.34%	0.17%
Palo Alto NetworksPANW	XYLD +0.17 points	0.32%	0.49%
Lam ResearchLRCX	BALI +0.17 points	0.75%	0.58%
T Mobile Us IncTMUS	BALI +0.15 points	0.26%	0.11%
Western Digital CorpWDC	BALI +0.16 points	0.36%	0.21%
Avery Dennison CorpAVY	BALI +0.15 points	0.17%	0.02%
Amphenol Corp Class AAPH	BALI +0.15 points	0.47%	0.32%
FortinetFTNT	BALI +0.15 points	0.33%	0.18%
Transdigm GroupTDG	BALI +0.14 points	0.23%	0.09%
Boston ScientificBSX	BALI +0.13 points	0.23%	0.10%
Honeywell International IncHON	BALI +0.13 points	0.23%	0.10%
Constellation Brands Class ASTZ	BALI +0.12 points	0.15%	0.03%
FastenalFAST	BALI +0.12 points	0.21%	0.09%
Kraft HeinzKHC	BALI +0.11 points	0.14%	0.03%
Cognizant Technology Solutions ClaCTSH	BALI +0.11 points	0.15%	0.04%
OracleORCL	XYLD +0.11 points	0.25%	0.36%
Cme Group Class ACME	BALI +0.11 points	0.26%	0.15%
Omnicom Group IncOMC	BALI +0.11 points	0.14%	0.03%
Wr BerkleyWRB	BALI +0.10 points	0.13%	0.03%
Cboe Global MarketsCBOE	BALI +0.09 points	0.14%	0.05%
SandiskSNDK	XYLD +0.09 points	0.24%	0.33%
SyscoSYY	BALI +0.09 points	0.15%	0.06%
Fox Class AFOXA	BALI +0.09 points	0.11%	0.02%
Dell Technologies Inc Class CDELL	BALI +0.08 points	0.35%	0.27%
General Mills IncGIS	BALI +0.07 points	0.10%	0.03%

All 190 BALI holdings⁠All 504 XYLD 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 XYLD Cost

Overpaying XYLD vs BALI

$4,691

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

BALI 0.35%
$7,126
XYLD 0.60%
$11,817

Amount$10,000

Years30 years

Cost over time

BALI 0.35%
XYLD 0.60%
Overpaying

Year by year

Year	BALI	XYLD	Overpaying
10	$634	$1,076	$442
20	$2,454	$4,116	$1,662
30	$7,126	$11,817	$4,691

Expense ratio

0.35%BALI, cheaper
0.60%XYLD

BALI0.35%XYLD0.60%

0.10%1.18%

Middle half of S&P 500 Option Income funds
Median 0.60%

BALI 11th cheapest of 51 funds

XYLD 25th cheapest of 51 funds

BALI vs XYLD Dividends

Last 12 months to Oct 30, 2026

Yield (12M): BALI 7.84%; XYLD 10.32%, better
Payout (12M): BALI $2.67; XYLD $4.24
Last payment: BALI $0.18; XYLD $0.31
Ex-dividend: BALI Oct 1, 2026; XYLD Oct 19, 2026
Paid on: BALI Oct 6, 2026; XYLD Oct 22, 2026
Frequency: BALI Monthly; XYLD Monthly

Distribution history

Per share, 2023 to 2026, same scale for both

BALIMonthly · 36 paymentsAll BALI payments⁠

XYLDMonthly · 46 paymentsAll XYLD payments⁠

BALI vs XYLD 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%XYLD 6.1%, better
Return per unit of riskSharpe ratio, 3 years: BALI 1.52, betterXYLD 1.50
Worst fallMax drawdown, 5 years: BALI −16.6%since Sep 2023XYLD −18.7%
Market sensitivityBeta, 5 years: BALI 0.79XYLD 0.41; Market = 1

BALI and XYLD in the news

All news⁠

Income Watch
BlackRock estimates 86% of the iShares Nasdaq Premium Income Active ETF's October check was return of capital
Oct 11, 2026BALI

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BALI vs XYLD

In short

Stated mandate

Why people hold it

Worth knowing

How BALI and XYLD differ

Level by level

Sector

Country, concentration and asset class

Country by domicile

Concentration

Asset class

Holdings

Only in BALI

Only in XYLD

Weight gaps

Cost over time

Year by year

Distribution history

Fall from peak · 5 years

Risk facts

BlackRock estimates 86% of the iShares Nasdaq Premium Income Active ETF's October check was return of capital

How BALI and XYLD differ

Level by level

Sector

Country, concentration and asset class

Country by domicile

Concentration

Asset class

Holdings

Only in BALI

Only in XYLD

Weight gaps