BALI vs SPYT
iShares US Large Cap Premium Income Active ETF vs Defiance S&P 500 Income Target ETF
Which is better, BALI or SPYT?
Nearly the same fund. BALI costs less.
BALI has a lower expense ratio. BALI led over the full window, SPYT over 1Y. The two have moved almost in lockstep, correlation 0.98.
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 | SPYT |
|---|---|---|
| Expense Ratio | 0.35%Best | 0.92% |
| AUM | $1.5B | $170M |
| Dividend Yield | 7.81% | 20.83% |
| Holdings | 206 | 10 |
| YTD Return | +11.92% | +12.99%Best |
| 1Y Return | +15.74% | +15.90%Best |
| 3Y Return (annualized) | +19.08% | - |
| Volatility (annualized) | 10.0%Best | 10.7% |
| Max Drawdown | -16.6%Best | -18.3% |
| $10,000 over 2.6 years | $14,653Best | $14,369 |
| Fund Family | BlackRock, Inc. (US) | Defiance ETFs, LLC |
| Category | Equity | Equity |
| Style | Large Cap Growth | Large Cap Growth |
| Inception | Sep 26, 2023 | Mar 7, 2024 |
Not shown on this pair: 5Y Return (annualized), Top 10 Weight.
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 SPYT 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 SPYT Performance
iShares US Large Cap Premium Income Active ETF (BALI) is an ETF from BlackRock, Inc. (US) and Defiance S&P 500 Income Target ETF (SPYT) is an ETF from Defiance ETFs, LLC. Over the past year BALI returned +15.74% while SPYT returned +15.90%. Year to date, BALI is up 11.92% versus a gain of 12.99% for SPYT.
Past performance does not guarantee future results.
Risk: Volatility and Drawdowns
SPYT has been the more volatile fund, with annualized monthly volatility of 10.7% 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 -18.3% for SPYT. Drawdown depth is what each fund did in the worst stretch of the window measured above.
The two funds' monthly returns correlate at 0.98. They move almost in lockstep, so holding both mostly duplicates the same exposure.
Fees and Cost Over Time
BALI charges 0.35% per year while SPYT charges 0.92%. On a $10,000 position that is $35 vs $92 annually, a gap of $57 per year that compounds over a long holding period. On income, BALI currently yields 7.81% against 20.83% for SPYT.
Holdings Overlap
We hold position weights for 211 holdings in BALI and 1 in SPYT, totalling 99.0% and 99.7% of the two funds. The two books name no position in common, so there is no overlap percentage to show.
0 positions in common, counted across the 211 positions we hold weights for in BALI and 1 in SPYT, against full books of 206 and 10.
You are not choosing between two funds in isolation.
Whichever of BALI and SPYT you pick has to sit alongside everything else you own. Add the rest and see what the combination actually holds.
Free for up to 10 holdings. No account needed.
Frequently Asked Questions
Which is cheaper, BALI or SPYT?
BALI has an expense ratio of 0.35% while SPYT charges 0.92%. BALI is the cheaper option, by $57 a year on a $10,000 investment.
Which performed better, BALI or SPYT?
Over the past year BALI returned +15.74% vs +15.90% for SPYT, so SPYT leads on 1-year performance. Past performance does not guarantee future results. This is information, not a recommendation.
Which is riskier, BALI or SPYT?
SPYT has been the more volatile fund at 10.7% annualized versus 10.0% for BALI. Worst drawdown: BALI -16.6% vs SPYT -18.3%.
Should I hold both BALI and SPYT?
BALI and SPYT have a monthly-return correlation of 0.98, so they move almost identically. What is left to separate them is the fee and the index each one tracks. This is information, not a recommendation.
Which pays a higher dividend, BALI or SPYT?
BALI yields 7.81% while SPYT yields 20.83%, so SPYT currently pays the higher dividend yield.
Is SPYT better than BALI?
BALI has a lower expense ratio. BALI led over the full window, SPYT over 1Y. The two have moved almost in lockstep, correlation 0.98. Which one suits a particular account depends on what it is for. This is information, not a recommendation.