BALI vs DIVP
iShares US Large Cap Premium Income Active ETF vs Cullen Enhanced Equity Income ETF
Which is better, BALI or DIVP?
BALI has been ahead.
BALI has a lower expense ratio. BALI led over 1Y and the full window. BALI is less concentrated, with 35.0% of the fund in its ten largest positions against 36.4%.
MarketXLS is not an investment adviser. This comparison is generated automatically from market data and is for information only. A Best mark means the better reading on that one measure, not a recommendation to buy.
Side-by-Side Comparison
| Metric | BALI | DIVP |
|---|---|---|
| Expense Ratio | 0.35%Best | 0.55% |
| AUM | $1.5B | $61M |
| Dividend Yield | 7.81% | 6.81% |
| Holdings | 206 | 47 |
| YTD Return | +11.92%Best | +9.06% |
| 1Y Return | +15.74%Best | +14.04% |
| 3Y Return (annualized) | +19.08% | - |
| Volatility (annualized) | 10.0%Best | 10.4% |
| Max Drawdown | -16.6% | -13.4%Best |
| $10,000 over 2.6 years | $14,653Best | $12,357 |
| Top 10 Weight | 35.0%Best | 36.4% |
| Fund Family | BlackRock, Inc. (US) | Cullen Funds |
| Category | Equity | Equity |
| Style | Large Cap Growth | Large Cap Growth |
| Inception | Sep 26, 2023 | Mar 6, 2024 |
Not shown on this pair: 5Y Return (annualized).
Volatility and max drawdown, and the $10,000 over 2.6 years row, are measured over the window both funds cover: Mar 7, 2024 to Oct 14, 2026 (2.6 years).
BALI vs DIVP growth
Month-end closes. Both lines start at 0% in the first month shown, so the gap between them is the difference in growth across that window. The full view covers the 2.6 years both funds cover.
BALI vs DIVP Performance
iShares US Large Cap Premium Income Active ETF (BALI) is an ETF from BlackRock, Inc. (US) and Cullen Enhanced Equity Income ETF (DIVP) is an ETF from Cullen Funds. Over the past year BALI returned +15.74% while DIVP returned +14.04%. Year to date, BALI is up 11.92% versus a gain of 9.06% for DIVP.
Past performance does not guarantee future results.
Risk: Volatility and Drawdowns
DIVP has been the more volatile fund, with annualized monthly volatility of 10.4% compared with 10.0% for BALI. Lower volatility generally means a smoother ride, though it often comes with lower long-run returns.
The deepest peak-to-trough decline in our data was -16.6% for BALI and -13.4% for DIVP. Drawdown depth is what each fund did in the worst stretch of the window measured above.
The two funds' monthly returns correlate at 0.48. They move together some of the time, and apart the rest.
Fees and Cost Over Time
BALI charges 0.35% per year while DIVP charges 0.55%. On a $10,000 position that is $35 vs $55 annually, a gap of $20 per year that compounds over a long holding period. On income, BALI currently yields 7.81% against 6.81% for DIVP.
Holdings Overlap
8.5% of BALI's money is in holdings DIVP also owns. 37.3% of DIVP's money is in holdings BALI also owns.
The two portfolios partly overlap.
13 positions in common, counted across the 211 positions we hold weights for in BALI and 35 in DIVP, against full books of 206 and 47.
What only one of them owns
Our book lists 20 positions for DIVP that do not appear in our book for BALI (57.1% of the fund), and 193 for BALI that do not appear in DIVP (90.0%).
Some of those will be the same company recorded under a different code in one of the two books, so the real difference in what you would own is no larger than this and may be smaller. We do not name the individual positions here for that reason.
Top Shared Holdings
| Stock | Weight in BALI | Weight in DIVP | Difference |
|---|---|---|---|
| XOMExxonmobil Corp. | 1.64% | 3.39% | 1.75% |
| UNHUnitedhealth Group Incorporated | 0.97% | 3.71% | 2.74% |
| MRKMerck & Company Inc | 0.91% | 3.47% | 2.56% |
| VZVerizon Communic | 0.82% | 3.04% | 2.22% |
| IBMInternational Business Machines Corp. | 0.41% | 3.31% | 2.90% |
| TAT&T Inc. | 0.36% | 3.34% | 2.98% |
| PPLPpl Corp (Utilities) | 0.45% | 2.77% | 2.32% |
| QCOMQualcomm Inc. | 0.24% | 2.95% | 2.71% |
| UPSUnited Parcel Service, Inc | 0.70% | 2.43% | 1.73% |
| DOCHealthpeak Properties Inc | 0.20% | 2.92% | 2.72% |
37.3% of DIVP is already inside BALI.
You probably hold more than these two. Add the rest and see how much of the whole book is the same companies twice.
Free for up to 10 holdings. No account needed.
Frequently Asked Questions
Which is cheaper, BALI or DIVP?
BALI has an expense ratio of 0.35% while DIVP charges 0.55%. BALI is the cheaper option, by $20 a year on a $10,000 investment.
Which performed better, BALI or DIVP?
Over the past year BALI returned +15.74% vs +14.04% for DIVP, so BALI leads on 1-year performance. Past performance does not guarantee future results. This is information, not a recommendation.
Which is riskier, BALI or DIVP?
DIVP has been the more volatile fund at 10.4% annualized versus 10.0% for BALI. Worst drawdown: BALI -16.6% vs DIVP -13.4%.
Should I hold both BALI and DIVP?
BALI and DIVP have a monthly-return correlation of 0.48, so their returns are far enough apart for the mix to behave differently from either one alone. This is information, not a recommendation.
What is the holdings overlap between BALI and DIVP?
37.3% of DIVP's money is in holdings BALI also owns. 37.3% of DIVP's is in holdings BALI also owns. They hold 13 positions in common, counted across the 211 positions we hold weights for in BALI and 35 in DIVP.
Which pays a higher dividend, BALI or DIVP?
BALI yields 7.81% while DIVP yields 6.81%, so BALI currently pays the higher dividend yield.
Is DIVP better than BALI?
BALI has a lower expense ratio. BALI led over 1Y and the full window. BALI is less concentrated, with 35.0% of the fund in its ten largest positions against 36.4%. Which one suits a particular account depends on what it is for. This is information, not a recommendation.