BALI vs THRO
iShares US Large Cap Premium Income Active ETF vs iShares US Thematic Rotation Active ETF
Which is better, BALI or THRO?
Nearly the same fund. BALI costs less.
BALI has a lower expense ratio. THRO led over 1Y, 3Y and the full window. The two have moved almost in lockstep, correlation 0.95. BALI is less concentrated, with 35.0% of the fund in its ten largest positions against 43.1%.
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 | THRO |
|---|---|---|
| Expense Ratio | 0.35%Best | 0.57% |
| AUM | $1.4B | $6.9B |
| Dividend Yield | 7.65% | 0.25% |
| Holdings | 206 | 251 |
| YTD Return | +12.66% | +15.75%Best |
| 1Y Return | +16.32% | +19.11%Best |
| 3Y Return (annualized) | +19.36% | +24.17%Best |
| Volatility (annualized) | 10.2%Best | 13.8% |
| Max Drawdown | -16.6%Best | -19.1% |
| $10,000 over 3 years | $17,194 | $19,131Best |
| Top 10 Weight | 35.0%Best | 43.1% |
| Fund Family | BlackRock, Inc. (US) | BlackRock, Inc. (US) |
| Category | Equity | Equity |
| Style | Large Cap Growth | Large Cap Growth |
| Inception | Sep 26, 2023 | Dec 14, 2021 |
Not shown on this pair: 5Y Return (annualized).
Volatility and max drawdown, and the $10,000 over 3 years row, are measured over the window both funds cover: Sep 28, 2023 to Oct 13, 2026 (3 years).
BALI vs THRO 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 3 years both funds cover.
BALI vs THRO Performance
iShares US Large Cap Premium Income Active ETF (BALI) is an ETF from BlackRock, Inc. (US) and iShares US Thematic Rotation Active ETF (THRO) is an ETF from BlackRock, Inc. (US). Over the past year BALI returned +16.32% while THRO returned +19.11%. Year to date, BALI is up 12.66% versus a gain of 15.75% for THRO.
Over three years, BALI compounded at +19.36% per year against +24.17% for THRO.
Past performance does not guarantee future results.
Risk: Volatility and Drawdowns
THRO has been the more volatile fund, with annualized monthly volatility of 13.8% compared with 10.2% 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 -19.1% for THRO. Drawdown depth is what each fund did in the worst stretch of the window measured above.
The two funds' monthly returns correlate at 0.95. 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 THRO charges 0.57%. On a $10,000 position that is $35 vs $57 annually, a gap of $22 per year that compounds over a long holding period. On income, BALI currently yields 7.65% against 0.25% for THRO.
Holdings Overlap
75.7% of BALI's money is in holdings THRO also owns. 79.2% of THRO's money is in holdings BALI also owns.
Most of THRO is already inside BALI. Owning both mostly buys the same companies twice.
82 positions in common, counted across the 211 positions we hold weights for in BALI and 247 in THRO, against full books of 206 and 251.
What only one of them owns
Our book lists 90 positions for THRO that do not appear in our book for BALI (19.7% of the fund), and 124 for BALI that do not appear in THRO (22.8%).
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 THRO | Difference |
|---|---|---|---|
| NVDANvidia Corp | 7.35% | 8.15% | 0.80% |
| AAPLApple, Inc | 5.76% | 8.24% | 2.48% |
| MSFTMicrosoft Corp | 5.39% | 6.39% | 1.00% |
| AMZNAmazon.Com Inc | 3.40% | 4.70% | 1.30% |
| GOOGLAlphabet Inc,class A | 2.53% | 3.72% | 1.19% |
| AVGOBroadcom Inc | 2.25% | 2.35% | 0.10% |
| GOOGAlphabet Inc. C | 2.32% | 1.86% | 0.46% |
| XOMExxon Mobil Corp. | 1.64% | 2.36% | 0.72% |
| JPMJpmorgan Chase | 1.14% | 2.77% | 1.63% |
| MUMicron Technology, Inc. | 1.34% | 2.26% | 0.92% |
79.2% of THRO 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 THRO?
BALI has an expense ratio of 0.35% while THRO charges 0.57%. BALI is the cheaper option, by $22 a year on a $10,000 investment.
Which performed better, BALI or THRO?
Over the past year BALI returned +16.32% vs +19.11% for THRO, so THRO leads on 1-year performance. Past performance does not guarantee future results. This is information, not a recommendation.
Which is riskier, BALI or THRO?
THRO has been the more volatile fund at 13.8% annualized versus 10.2% for BALI. Worst drawdown: BALI -16.6% vs THRO -19.1%.
Should I hold both BALI and THRO?
BALI and THRO have a monthly-return correlation of 0.95, 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.
What is the holdings overlap between BALI and THRO?
79.2% of THRO's money is in holdings BALI also owns. 79.2% of THRO's is in holdings BALI also owns. They hold 82 positions in common, counted across the 211 positions we hold weights for in BALI and 247 in THRO.
Which pays a higher dividend, BALI or THRO?
BALI yields 7.65% while THRO yields 0.25%, so BALI currently pays the higher dividend yield.
Is THRO better than BALI?
BALI has a lower expense ratio. THRO led over 1Y, 3Y and the full window. The two have moved almost in lockstep, correlation 0.95. BALI is less concentrated, with 35.0% of the fund in its ten largest positions against 43.1%. Which one suits a particular account depends on what it is for. This is information, not a recommendation.