BALI vs XYLG: Grades, Fees and Holdings Compared

iShares U.S. Large Cap Premium Income Active ETF

BALIACboe

Global X S&P 500 Covered Call & Growth ETF

XYLGANYSE Arca

Overlap

59.3%by weight

Expense ratio

BALI0.35%XYLG0.35%

Avg volume · 30D

BALI 17.0×the volume

BALI373KXYLG21.9K

3Y return · a year

BALI +1.8pt

BALI+19.5%XYLG+17.7%

BALI vs XYLG Performance

Nov 7, 2025 – Nov 9, 2026

+15.8%BALI+14.2%XYLG

Expense ratio: BALI 0.35%; XYLG 0.35%
Fund size: BALI $1.5B; XYLG $71M
1Y total return: BALI +15.8%, better; XYLG +14.2%
Yield (12M): BALI 7.94%; XYLG 12.72%, better
Holdings: BALI 193; XYLG 505
Avg volume (30D): BALI 373K sh, better; XYLG 21.9K sh
NAV per share: BALI $32.85; XYLG $28.49
52W range

ETF.net Grade

Pillar letters and Scores for BALI, XYLG, with each pillar’s weight
Pillar	BALI	XYLG
Cost30% weight	A79	A79
Mission25% weight	A100	A100
Risk15% weight	B60Higher	B58
Tradability15% weight	A84Higher	D31
Holdings10% weight	A83Higher	A75
Durability5% weight	A85Higher	B56

Rank among S&P 500 Option Income funds

How we build Categories ›

Same Category. BALI and XYLG 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 1st and XYLG 10th of 51 funds in the S&P 500 Option Income Category.

Rank 1ABALIiShares U.S. Large Cap Premium Income Active ETFScore 82
Rank 1ACSHINeos Enhanced Income Cash Alternative ETFScore 82
Rank 10ASPYINeos S&P 500(R) High Income ETFScore 72
Rank 10AXYLGGlobal X S&P 500 Covered Call & Growth ETFScore 72
Rank 13APAPIParametric Equity Premium Income ETFScore 71

Our read on each fund

ETF.net Research

BALIAiShares U.S. Large Cap Premium Income Active ETF

XYLGAGlobal X S&P 500 Covered Call & Growth 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.

XYLG The covered call trade at half strength. XYLG holds the S&P 500 and writes calls on only about half the portfolio, so half the index's upside stays uncapped while the other half funds monthly income.

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.

XYLG The fund seeks to track the price and yield performance of the Cboe S&P 500 Half BuyWrite Index before fees and expenses. It buys S&P 500 stocks and sells corresponding call options on about half of the portfolio, combining option income with partial upside exposure.

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.

XYLG Half-covered by design: calls cover roughly 50% of the book, leaving the rest of the S&P 500's climb uncapped. A middle setting between plain index exposure and a full buy-write.cboe.com
0.35% a year, below the 0.60% median for S&P 500 option-income funds and half the fee of Global X's fully covered sibling XYLD.
Owns about 500 stocks, tracks the Cboe S&P 500 Half BuyWrite Index closely, and pays monthly. One of the stronger builds in a crowded S&P 500 income cohort.

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.

XYLG Option income rides on volatility. Premiums (and the monthly payouts they fund) shrink when markets go quiet.cboe.com
Half the portfolio is still capped. In a fast rally the written calls hand back part of that gain, and the premium is the only cushion on the way down.cboe.com
Smaller and thinner-traded than the headline names in its group, so limit orders earn their keep.

Full BALI profile⁠

Full XYLG profile⁠

BALI vs XYLG Holdings

How BALI and XYLG differ

Overlap by weight

59.3%

Shared holdings make up 90.1% of BALI and 65.5% of XYLG.

About this figure: BALI earns income from options, which aren’t counted.

XYLG earns income from options, which aren’t counted.

Level by level

Holdings119 in both59.3%
Sector11 Sectors93.8%
Countryby domicile99.4%
Asset classStocks100%

Sector

Sector weights in BALI and XYLG, widest gap first
Sector	Gap	BALI	XYLG
Technology	XYLG +4.4 points	33.8%	38.2%
Consumer Staples	BALI +2.0 points	6.9%	4.9%
Health Care	BALI +1.8 points	12.0%	10.2%
Energy	BALI +1.0 points	4.9%	3.9%
Real Estate	XYLG +1.0 points	0.8%	1.8%
Financials	XYLG +0.8 points	11.2%	12.0%
Utilities	BALI +0.7 points	2.8%	2.1%
Industrials	BALI +0.6 points	8.2%	7.6%
Consumer Discretionary	BALI +0.1 points	9.3%	9.2%
Communication	BALI +0.1 points	8.5%	8.4%
Materials	Same weight	1.6%	1.6%

Country, concentration and asset class

Country by domicile

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

Concentration

Weight in the 10 largest Holdings

BALI35.4%
XYLG37.6%

Securities held

BALI190
XYLG504

Asset class

BALI: Stocks
XYLG: Stocks

Holdings

Only in BALI71
In both119
Only in XYLG385

Only in BALI

71 securities, 6.5% of BALI by weight

American Financial Group0.52%
Ferrovial NV0.36%
Texas Roadhouse Inc0.30%
Agnc Investment Reit0.30%
First Hawaiian0.27%
Blue Owl Capital Class A0.21%
Neurocrine Biosciences0.19%
Popular0.19%
Dynatrace Inc0.18%
New York Times Class A0.17%
First Horizon0.17%
United Therapeutics0.17%
Amdocs0.16%
Viking Holdings Ltd0.16%
Exelixis Inc0.15%
Healthcare Realty Trust Inc Class0.15%
Rpm International Inc0.14%
Applied Industrial Technologies0.13%
Rayonier Reit0.12%
Omega Healthcare Investors Reit0.11%
Natera0.10%
Sentinelone Inc Class A0.09%
Ingredion Inc0.09%
Old Republic International0.09%
Ionis Pharmaceuticals0.09%
Nvent Electric PLC0.09%
Elastic0.08%
Mercadolibre0.08%
Eastman Chemical0.08%
Chemed0.08%
Smithfield Foods0.07%
Eastgroup Properties Reit0.06%
Gentex0.06%
Liberty Media Series C0.06%
Reliance Steel & Aluminum0.06%
Snowflake0.06%
H&R Block Inc0.05%
Astera Labs0.05%
Dropbox Inc Class A0.05%
Columbia Banking System Inc0.05%
Booz Allen Hamilton Holding Class0.05%
W. P. Carey Reit0.05%
Borgwarner0.05%
Agree Realty Reit0.04%
Mongodb Class A0.04%
Coca Cola Europacific Partners PLC0.04%
Littelfuse0.04%
Aramark0.04%
Hinge Health Class A0.04%
Watsco0.04%

Only in XYLG

385 securities, 34.5% of XYLG by weight

Johnson & Johnson1.05%
Walmart Inc0.88%
Mastercard Inc - A0.83%
Coca-Cola Co/The0.58%
Home Depot Inc0.53%
Ge Aerospace0.53%
Philip Morris International0.49%
Thermo Fisher Scientific Inc0.41%
Rtx Corporation0.40%
Wells Fargo & Co0.40%
Goldman Sachs Group Inc0.39%
Linde PLC0.37%
Morgan Stanley0.34%
Walt Disney Co/The0.32%
Citigroup Inc0.31%
Mcdonald's Corp0.31%
Kla Corp0.29%
Arista Networks Inc0.28%
BlackRock Inc0.28%
Analog Devices Inc0.28%
Salesforce Inc0.28%
Welltower Inc0.28%
Union Pacific Corp0.27%
American Express Co0.26%
Deere & Co0.26%
Conocophillips0.26%
Accenture Plc-Cl A0.25%
Intuitive Surgical Inc0.25%
AT&T Inc0.23%
Danaher Corp0.23%
Uber Technologies Inc0.22%
S&P Global Inc0.22%
Boeing Co/The0.22%
Vertex Pharmaceuticals Inc0.21%
Eaton Corp PLC0.21%
Progressive Corp0.21%
Newmont Corp0.20%
Chubb Ltd0.20%
Capital One Financial Corp0.20%
Altria Group Inc0.20%
Bristol-Myers Squibb Co0.20%
Parker Hannifin Corp0.19%
Automatic Data Processing0.19%
Prologis Inc0.19%
Stryker Corp0.18%
Southern Co/The0.17%
Servicenow Inc0.16%
Marathon Petroleum Corp0.16%
Applovin Corp-Class A0.16%
Bank of New York Mellon Corp0.16%

Weight gaps

The 100 widest of 119 Holdings in both funds.

Holding weights in BALI and XYLG, widest gap first
Holding	Gap	BALI	XYLG
AppleAAPL	XYLG +1.32 points	6.55%	7.87%
United Parcel Service Inc Class BUPS	BALI +1.16 points	1.29%	0.13%
Costco Wholesale CorpCOST	BALI +1.15 points	1.89%	0.74%
Procter & GamblePG	BALI +1.14 points	1.74%	0.60%
ChevronCVX	BALI +1.10 points	1.75%	0.66%
PfizerPFE	BALI +1.03 points	1.29%	0.26%
TjxTJX	BALI +1.00 points	1.24%	0.24%
Tesla IncTSLA	XYLG +0.86 points	0.73%	1.59%
Wec Energy GroupWEC	BALI +0.85 points	0.91%	0.06%
Exxonmobil Holdings CorpXOM	BALI +0.77 points	1.85%	1.08%
Lockheed MartinLMT	BALI +0.74 points	0.92%	0.18%
Cardinal HealthCAH	BALI +0.74 points	0.84%	0.10%
Abbott LaboratoriesABT	BALI +0.72 points	1.02%	0.30%
Verizon Communications IncVZ	BALI +0.69 points	0.99%	0.30%
NVIDIANVDA	XYLG +0.66 points	6.45%	7.11%
Airbnb Class AABNB	BALI +0.65 points	0.77%	0.12%
Ametek IncAME	BALI +0.59 points	0.67%	0.08%
Visa Class AV	BALI +0.59 points	1.72%	1.13%
Vulcan MaterialsVMC	BALI +0.57 points	0.63%	0.06%
Gilead SciencesGILD	BALI +0.55 points	0.88%	0.33%
3MMMM	BALI +0.53 points	0.68%	0.15%
UnitedHealth GroupUNH	BALI +0.51 points	1.07%	0.56%
Citizens Financial Group IncCFG	BALI +0.51 points	0.55%	0.04%
MicrosoftMSFT	XYLG +0.49 points	5.71%	6.20%
Meta Platforms Class AMETA	XYLG +0.47 points	1.65%	2.12%
Amazon.com IncAMZN	XYLG +0.47 points	3.54%	4.01%
Phillips 66PSX	BALI +0.47 points	0.62%	0.15%
Alphabet Class AGOOGL	XYLG +0.45 points	2.18%	2.63%
Oreilly Automotive IncORLY	BALI +0.45 points	0.56%	0.11%
PepsicoPEP	BALI +0.41 points	0.72%	0.31%
Ppl CorpPPL	BALI +0.42 points	0.46%	0.04%
VerisignVRSN	BALI +0.41 points	0.45%	0.04%
Merck & Co IncMRK	BALI +0.41 points	0.98%	0.57%
Medtronic PLCMDT	BALI +0.38 points	0.58%	0.20%
Valero Energy CorpVLO	BALI +0.37 points	0.52%	0.15%
General Dynamics CorpGD	BALI +0.36 points	0.50%	0.14%
Mckesson CorpMCK	BALI +0.36 points	0.55%	0.19%
Eli LillyLLY	XYLG +0.35 points	1.36%	1.71%
Booking HoldingsBKNG	BALI +0.34 points	0.53%	0.19%
Archer Daniels MidlandADM	BALI +0.35 points	0.40%	0.05%
Applied Material IncAMAT	BALI +0.31 points	0.73%	0.42%
PaychexPAYX	BALI +0.31 points	0.37%	0.06%
Berkshire Hathaway Inc Class BBRK.B	BALI +0.31 points	1.98%	1.67%
Nextera EnergyNEE	BALI +0.30 points	0.59%	0.29%
Us BancorpUSB	BALI +0.31 points	0.45%	0.14%
Cisco Systems IncCSCO	BALI +0.30 points	0.89%	0.59%
Charles SchwabSCHW	BALI +0.30 points	0.53%	0.23%
Mondelez International Class AMDLZ	BALI +0.28 points	0.41%	0.13%
Adobe IncADBE	BALI +0.28 points	0.43%	0.15%
Caterpillar IncCAT	BALI +0.28 points	0.68%	0.40%
Broadcom IncAVGO	XYLG +0.27 points	1.93%	2.20%
Bank of AmericaBAC	BALI +0.26 points	0.77%	0.51%
Lam ResearchLRCX	BALI +0.25 points	0.65%	0.40%
Travelers CompaniesTRV	BALI +0.25 points	0.38%	0.13%
Comfort Systems UsaFIX	BALI +0.24 points	0.29%	0.05%
Exelon CorpEXC	BALI +0.23 points	0.31%	0.08%
Northrop Grumman CorpNOC	BALI +0.24 points	0.35%	0.11%
Target CorpTGT	BALI +0.23 points	0.34%	0.11%
Rockwell Automation IncROK	BALI +0.22 points	0.28%	0.06%
Air Products and ChemicalsAPD	BALI +0.23 points	0.33%	0.10%
Intercontinental Exchange IncICE	BALI +0.22 points	0.37%	0.15%
Tyson Foods Inc Class ATSN	BALI +0.21 points	0.24%	0.03%
Duke Energy CorpDUK	BALI +0.21 points	0.37%	0.16%
Starbucks CorpSBUX	BALI +0.20 points	0.39%	0.19%
Lowes Companies IncLOW	BALI +0.20 points	0.40%	0.20%
JPMorgan Chase & CoJPM	XYLG +0.19 points	1.21%	1.40%
Healthpeak Properties IncDOC	BALI +0.20 points	0.22%	0.02%
Amgen IncAMGN	BALI +0.19 points	0.58%	0.39%
BlackstoneBX	BALI +0.19 points	0.33%	0.14%
FortinetFTNT	BALI +0.18 points	0.30%	0.12%
IntuitINTU	BALI +0.19 points	0.33%	0.14%
Amphenol Corp Class AAPH	BALI +0.17 points	0.46%	0.29%
T Mobile Us IncTMUS	BALI +0.16 points	0.28%	0.12%
Texas InstrumentTXN	BALI +0.16 points	0.56%	0.40%
Micron TechnologyMU	XYLG +0.16 points	1.07%	1.23%
Avery Dennison CorpAVY	BALI +0.16 points	0.18%	0.02%
Cvs HealthCVS	BALI +0.16 points	0.33%	0.17%
Transdigm GroupTDG	BALI +0.16 points	0.25%	0.09%
Boston ScientificBSX	BALI +0.14 points	0.24%	0.10%
International Business Machines CoIBM	BALI +0.14 points	0.50%	0.36%
Honeywell International IncHON	BALI +0.13 points	0.24%	0.11%
Constellation Brands Class ASTZ	BALI +0.13 points	0.17%	0.04%
Palantir Technologies Class APLTR	XYLG +0.13 points	0.45%	0.58%
Dell Technologies Inc Class CDELL	BALI +0.13 points	0.28%	0.15%
OracleORCL	XYLG +0.13 points	0.23%	0.36%
FastenalFAST	BALI +0.12 points	0.22%	0.10%
Western Digital CorpWDC	BALI +0.12 points	0.27%	0.15%
Omnicom Group IncOMC	BALI +0.12 points	0.15%	0.03%
Palo Alto NetworksPANW	XYLG +0.11 points	0.29%	0.40%
Kraft HeinzKHC	BALI +0.12 points	0.15%	0.03%
Cognizant Technology Solutions ClaCTSH	BALI +0.12 points	0.16%	0.04%
Wr BerkleyWRB	BALI +0.12 points	0.14%	0.02%
Cboe Global MarketsCBOE	BALI +0.10 points	0.15%	0.05%
Cme Group Class ACME	BALI +0.09 points	0.27%	0.18%
Fox Class AFOXA	BALI +0.09 points	0.12%	0.03%
SyscoSYY	BALI +0.08 points	0.14%	0.06%
General Mills IncGIS	BALI +0.08 points	0.11%	0.03%
Alphabet Class CGOOG	XYLG +0.08 points	2.04%	2.12%
Hewlett Packard EnterpriseHPE	BALI +0.07 points	0.16%	0.09%
Best BuyBBY	BALI +0.06 points	0.10%	0.04%

All 190 BALI holdings⁠All 504 XYLG 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 XYLG Cost

Same expense ratio

$7,126

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

BALI 0.35%
$7,126
XYLG 0.35%
$7,126

Amount$10,000

Years30 years

Cost over time

BALI 0.35%
XYLG 0.35%

Year by year

Year	BALI	XYLG
10	$634	$634
20	$2,454	$2,454
30	$7,126	$7,126

Expense ratio

0.35%BALI
0.35%XYLG

BALI0.35%XYLG0.35%

0.10%1.18%

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

BALI 11th cheapest of 51 funds

XYLG 11th cheapest of 51 funds

BALI vs XYLG Dividends

Last 12 months to Nov 9, 2026

Yield (12M): BALI 7.94%; XYLG 12.72%, better
Payout (12M): BALI $2.66; XYLG $3.71
Last payment: BALI $0.18; XYLG $0.11
Ex-dividend: BALI Nov 2, 2026; XYLG Oct 19, 2026
Paid on: BALI Nov 5, 2026; XYLG Oct 22, 2026
Frequency: BALI Monthly; XYLG Monthly

Distribution history

Per share, 2023 to 2026, same scale for both

BALIMonthly · 37 paymentsAll BALI payments⁠

XYLGMonthly · 47 paymentsAll XYLG payments⁠

BALI vs XYLG 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%XYLG 8.8%, better
Return per unit of riskSharpe ratio, 3 years: BALI 1.52XYLG 1.53, better
Worst fallMax drawdown, 5 years: BALI −16.6%since Sep 2023XYLG −21.3%
Market sensitivityBeta, 5 years: BALI 0.78XYLG 0.71; Market = 1

BALI and XYLG 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 XYLG

In short

Stated mandate

Why people hold it

Worth knowing

How BALI and XYLG differ

Level by level

Sector

Country, concentration and asset class

Country by domicile

Concentration

Asset class

Holdings

Only in BALI

Only in XYLG

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 XYLG differ

Level by level

Sector

Country, concentration and asset class

Country by domicile

Concentration

Asset class

Holdings

Only in BALI

Only in XYLG

Weight gaps