BALI 주가 전망 및 ETF 분석 - 배당·운용보수·보유종목·NAV·RSI·MACD

BALI

iShares U.S. Large Cap Premium Income Active ETF

7월 28일 1:06 PM ET (한국 7/29 02:06)

$33.68

+0.00 +0.00%

BALI ETF is analyzed across 10 metrics including expense ratio, holdings, sector allocation, dividends, RSI, and MACD.

Total Expense Ratio

0.35%

Annual operating cost

Net Assets (AUM)

$1.3B

약 2조원

Holdings

207 items

Dividend Yield

7.92%

Management Style

Active

Category ⓘ	US Equities - Quant Strat	Asset Type ⓘ	Equities (Stocks)	Return% 1Y ⓘ	19.8%	Total Holdings ⓘ	207	Perf Week ⓘ	-0.03%
ETF Type ⓘ	US Equity Income	Active/Passive ⓘ	Active	Return% 3Y ⓘ	-	AUM ⓘ	$1.3B	Perf Month ⓘ	1.35%
Expense ⓘ	0.35%	NAV ⓘ	$33.68	Return% 5Y ⓘ	-	52W High ⓘ	-2.38%	Perf Quarter ⓘ	2.9%
Dividend TTM ⓘ	$2.67 (7.92%)	Div Gr. 3/5Y ⓘ	-	Return% 10Y ⓘ	-	52W Low ⓘ	13.23%	Perf Half Y ⓘ	4.86%
Flows% 1M ⓘ	5.31%	Flows% YTD ⓘ	74.35%	Return% SI ⓘ	20.81%	Volatility(W/M) ⓘ	0.69% 0.83%	Perf YTD ⓘ	6.31%
SMA20 ⓘ	-0.33%	SMA50 ⓘ	-0.16%	SMA200 ⓘ	4.22%	RSI (14) ⓘ	48.84	Beta ⓘ	0.79
IPO ⓘ	2023/9/28	Prev Close ⓘ	$33.68	Perf Year ⓘ	9.56%	Avg Volume ⓘ	0.28M	Price ⓘ	$33.68

📊 iShares U.S. Large Cap Premium Income Active ETF (BALI) Investment Analysis

ETF Overview

iShares U.S. Large Cap Premium Income Active ETF · US Equities - Quant Strat

커버드콜형 — 콜옵션 매도로 월배당 현금흐름 추구 (상승 제한)

2023년 상장, 3년 운영 중.

The BlackRock Advantage Large Cap Income ETF seeks to deliver consistent returns with lower volatility than the broader US equity market. Under normal market conditions, the ETF invests at least 80% of its net assets (including borrowings made for investment purposes) in large-cap stocks and derivatives that have similar economic characteristics. The ETF is a non-diversified fund.

📘 BALI ETF 자세히 알아보기 →

U.S.equityvolatilitylarge-cap

규모: $1.3B 약 2조원
운용사: iShares (BlackRock)
운용 방식: 액티브 (운용사 재량)
상장일: 2023년

Cost Efficiency

Annual Expense Ratio · Category Rank · Long-Term Cost Impact

Low-cost ETF — 0.35% annually

상위 25% within US Equities - Quant Strat. For a ₩100M investment, roughly ₩350,000/year.

Effective Annual Expense Ratio (Net Expense Ratio)

상위 25%

0.35%

My positionTop 25%

Low range Average High range

Actual Cost Simulation by Investment Amount

$100.0M

Annual Expense Ratio

$350K

Save $440K per year vs. category average

Category Median Annual Cost

$790K

Based on expense ratio of 0.79%

10-Year Cumulative Expense Ratio (Long-term simulation assuming 7% annual market growth)

$6.3M

6.6% of returns you could have earned goes to the fund manager due to fees

💡 Because the expense ratio takes a slice of your assets every year, costs compound over 10 years and result in far greater losses than a simple sum (annual fee × 10). The 7% annual return assumption is based on the S&P 500's long-term average.

Defaults shown against $100K baseline portfolio. Adjust the slider to update the amount in real time.

Cheaper alternatives in the same category

CBOX

Calamos Tax-Aware Collateral ETF

0.14%

-0.21%p annually

XBOX

Roundhill Ultra Short Duration No Dividend Target ETF

0.14%

-0.21%p annually

SELV

SEI QiM U.S. Large Cap Low Volatility Active ETF

0.15%

-0.20%p annually

* A lower fee does not necessarily mean a better ETF. Consider the tracked index, liquidity, and tax treatment as well.

Long-Term Performance

1-year · 3-year · 5-year · 10-year returns · vs. benchmark · drawdown defense

Insufficient return data

+2.0%p vs. benchmark (SPY) over 1Y.

ℹ️ The "1Y·3Y·5Y·10Y" periods below represent annualized returns (CAGR) measured backward from today. Example: "3Y +12%" means the investment grew at a compounded 12% per year over the past three years.

🎴 Covered Call ETF — total-return comparisons are for reference only

This ETF generates monthly cash distributions by selling call options, but in doing so gives up some of the upside potential of the underlying index. As a result, the total return and win-rate metrics versus the benchmark below will naturally appear unfavorable. The product's primary purpose is stable dividend cash flow, so we recommend reviewing it alongside the dividend analysis section.

If you had invested 1 year(s) ago

$100.0M

Today's value

$119.8M

→

Total gain

+$19.8M

Annualized +19.8%

ℹ️ How to read the return breakdown bar

Each period bar shows the share of this ETF's returns by source.

Price gains Price decline Dividends received

Mostly blue (80%+): Growth-style — price gains drive most returns
Mostly orange (70%+): Income-style — dividends drive most returns (watch out for after-tax drag)
Red + orange: Stagnant or declining price — dividends offset losses (common in covered-call and high-dividend funds)

1 Year

2025.07 ~ 2026.07

Annualized +19.80%

상위 25%

Price +9.56% + Dividend +10.24% = Total +19.80%/yr

Outperformed the benchmark by 2.0%p annually

My positionTop 25%

Low range Average High range

3 Years

2023.07 ~ 2026.07

Insufficient data

5 Years

2021.07 ~ 2026.07

Listed 2023/9 — under 5 years

10Y

2016.07 ~ 2026.07

Listed 2023/9 — under 10 years

3Y Cumulative Total Return Curve

2023-09-28 start, based on a 100M KRW base — read the curve values directly as units of 100M KRW (e.g., 308 → 3.08억 / 308M KRW). Both this ETF and the benchmark are rebased to 100 on the same start date for comparison.

BALI · Price Only BALI · Price + Cumulative Dividends BALI · Dividend Reinvested S&P 500 (SPY)

100

150

200

ℹ️ Price Only: Excludes dividends and tracks pure stock price only. Covered-call and high-dividend ETFs often show a flat or declining line on this view, which is meaningful from a "principal preservation" standpoint. Price + Cumulative Dividend: Share count stays the same and received dividends are accumulated as cash. Closely matches your actual account total assets. Reinvested: Dividends are immediately used to buy additional shares (adjClose-based, the industry standard for total return). The wider the gap between the three lines, the easier it is to gauge the effectiveness of the dividend strategy.

Annual Return Comparison

ETF returns vs S&P 500 (SPY) by calendar year

BALI S&P 500 (SPY)

+40%

−40%

+10%

2023

+23%

2024

+15%

2025

+10%

2026 YTD

💡 Covered-call ETFs underperform SPY in total return more often than not. Their core goal is dividend cash flow, so this comparison is for reference only.

ℹ️ Returns from January 1 to December 31 of each year. The current year (2026) column is dimmed to indicate YTD (incomplete). If blue is higher than gray, the ETF outperformed the benchmark in that year.

Win rate vs S&P 500 (SPY)

0 / 3Y

Lags behind benchmark (0%)

+ 2026 YTD: Ahead (9.5% vs 8.5%)

2023 ✗

2024 ✗

2025 ✗

2026 ✓ YTD

💡 Covered calls structurally show a low total-return win rate. Since the goal is dividend cash flow, don't judge based on this number alone.

ℹ️ Number of winning years versus S&P 500 (SPY) within a completed calendar year (1/1–12/31). The current year (YTD) is reported separately.

Downside Capture

🛡️ 80%

Falls less than the benchmark in drawdowns — strong downside protection

<85% (Defend) 85~110% (Track) >110% (Lag)

💡 Covered calls absorb volatility via options, providing strong downside protection — values under 100% are typical.

ℹ️ Average % drop of this ETF when S&P 500 (SPY) is −1%. Based on daily returns over the past 3 years (only days where the benchmark is negative).

Risk Profile

Volatility · Beta · Max Drawdown · Sharpe · Drawdown Recovery History

Overall Risk Grade

Moderate Risk

The price swings may look small, but the options structure can gradually reduce your principal. Part of the dividends you receive may effectively be a return of your own invested capital.

🎴 Covered-call ETFs — Options absorb volatility

By selling call options to give up upside in exchange for premium, these ETFs show lower volatility than typical equity funds. This is an intended risk mitigation — not evidence of a "better ETF."

Beta (market sensitivity)

하위 25%

0.79

If the market rises +10% +7.9%

If the market falls -10% -7.9%

My positionBottom 25%

Low range Average High range

ℹ️ A beta of 1.0 moves in line with the market. Above 1 means it moves more than the market; below 1 means less.

Average daily range (last 1 month)

하위 25%

±0.83%

S&P 500 typically ±1.0~1.3% · Bond funds ±0.3% · Leveraged ETFs ±3% or more

Annual volatility trend (past 10 years)

ℹ️ This ETF's average daily price swing. 1% means "on average, moves about ±1% per day." The rolling curve below shows the annualized volatility (long-term standard measure) over time.

Max Drawdown · Past 10 years

-16.6%

Drawdown duration: 4 months

2024-12-05 → 2025-04-08

Recovered in about 83 days

2023-09-28 Worst -8% 2026-07-01

ℹ️ Maximum drawdown is the largest peak-to-trough decline in the past. It represents the worst-case loss a long-term investor must psychologically endure.

Sharpe Ratio (Risk-Adjusted Return)

1.33

Good — Solid risk-adjusted returns

ℹ️ Annualized return minus the risk-free rate (3% annualized), divided by annualized volatility. A value above 1.0 is generally considered good risk-adjusted performance.

Estimated Monthly Maximum Loss (VaR 95%)

-3.4%

Historically, monthly losses exceeding this figure occurred only5%of the time.

ℹ️ A statistical estimate meaning "with 95% probability, monthly losses will not exceed this amount." The remaining 5% corresponds to crisis-level events such as financial crises or pandemics.

Dividend Analysis

Yield · Dividend history · After-tax income calculator

Covered call distribution — 7.92% annually

The stated distribution yield is high, but it combines option premiums and return of capital, so it differs from a "pure dividend."

ℹ️ Covered call ETF distributions combine option premiums with return of capital (ROC), so distributions may decline when the share price falls; even a high stated yield may be partly paid from principal.

배당수익률

7.92%

주당 배당

$2.67

연간 기준

5년 성장률

지급 주기

불규칙

2월 · 3월 · 4월 · 8월 · 9월 · 10월 · 11월 · 12월

📊 총 이력 2023~2026 (30건)

연도별 배당 총액 추이

주당 배당금을 연 단위로 합산한 금액입니다. 막대가 우상향이면 매년 배당이 늘어나고 있다는 뜻입니다. 커버드콜은 기초자산·옵션 시장 변동에 따라 연도별 변동이 일반 배당주보다 크게 나타날 수 있습니다.

—

2021

—

2022

$0.57

2023

$2.16 +280.2%

2024

$2.70 +25.1%

2025

$X.XX 그 해 총 배당금 +X% 전년 대비 증가 -X% 감소

최근 배당 이력 총 30건

아래로 스크롤하면 과거 배당 이력을 볼 수 있습니다.

배당락일

주당 금액

지급일

당시 수익률

2026-04-01

$0.346

—

9.91%

2026-03-02

$0.197

—

9.04%

2026-02-02

$0.179

—

8.88%

2025-12-30

$0.222

—

8.47%

2025-12-01

$0.250

—

9.19%

2025-11-03

$0.195

—

8.34%

2025-10-01

$0.189

—

8.82%

2025-09-02

$0.186

—

9.21%

2025-08-01

$0.203

—

9.49%

2025-07-01

$0.203

—

9.35%

2025-06-02

$0.234

—

9.36%

2025-05-01

$0.382

—

9.62%

2025-04-01

$0.255

—

8.56%

2025-03-03

$0.206

—

7.35%

2025-02-03

$0.173

—

7.12%

2024-12-18

$0.200

—

7.12%

2024-12-02

$0.231

—

6.90%

2024-11-01

$0.127

—

6.96%

2024-10-01

$0.202

—

7.23%

2024-09-03

$0.226

—

6.69%

2024-08-01

$0.190

—

5.98%

2024-07-01

$0.169

—

5.25%

2024-06-03

$0.130

—

4.84%

2024-05-01

$0.196

—

4.55%

2024-04-01

$0.142

—

3.67%

2024-03-01

$0.180

—

3.24%

2024-02-01

$0.163

—

2.68%

2023-12-14

$0.208

—

2.16%

2023-12-01

$0.156

—

1.38%

2023-11-01

$0.203

—

0.83%

* "배당락일"은 배당받으려면 이 날 이전에 주식을 보유해야 하는 기준일입니다. 지급일·당시 수익률은 일부 종목에서 데이터가 없을 수 있습니다.

💰 내가 $100K 투자한다면

연간 배당금 (세후) $7K

5년 누적 (세후) $34K

* 환율 1 가정, 배당소득세 15% 반영. 5년 누적은 배당 성장률 연 0% 가정.

* Qualified dividend middle-bracket approximation. Actual rate varies by total income.

Overall investment appeal

What this ETF fits best — strengths, weaknesses, and target investor profile

Income-focused ETF monthly distributions matter more to you than long-term capital growth.

💡 Dividend income-focused product. Capital appreciation is limited, and some distributions may be a return of principal.

🎯 목적별 적합도

내가 이 ETF를 어떤 목적으로 활용할 수 있는지 확인하세요.

🌳

장기 보유

수년 이상 꾸준히 모아갈 때

매우 낮음

💵

배당 인컴

매월·분기 현금흐름이 목적일 때

매우 적합

⚡

단기 트레이딩

며칠~몇 주 단기 방향성 매매

낮음

🧩

포트폴리오 보조

자산 배분·헤지 용도

낮음

👤

이런 분에게 어울려요

Dividend-focused income investors (accepting limited capital growth)

✅ 강점

💸Low cost — 0.35% annually

⚠️ 약점·주의사항

⚠️Volatility is above average
🧪Option structure can slowly erode principal (NAV erosion)

Portfolio Composition

What's actually inside — sector weights and top holdings

기초지수 + 옵션 전략

보유 종목 자체는 일반 지수와 비슷하지만, 수익 구조가 옵션으로 재설계됐어요.

ℹ️ 왜 구성을 봐야 하나요?

ETF의 실제 성과는 담고 있는 종목과 섹터에서 나와요. 이름이 "S&P 500"이라도 기술주 비중이 유난히 높을 수 있고, "배당주 ETF"라도 몇몇 대형주에 쏠려 있을 수 있어요. 라벨보다 실제 구성을 확인하는 게 중요해요.

🔬 집중도 한눈에 보기

총 보유종목

178개

상위 10개 비중

14.3%

최대 단일 종목

1.76%

집중도(HHI)

낮음 (분산)

🥧 섹터 비중

Consumer Cyclical

1.7%

Energy

0.9%

Real Estate

0.7%

📋 상위 보유 종목 Top 10 Top 10이 전체의 14.3% 차지

티커 옆의 점 색상 = 섹터 구분 (섹터 차트와 동일 색상)

#1 - TURKEY, REPUBLIC OF UNDERSECRETARIAT OF TREASURY

1.76%

#2 - UKRAINE, REPUBLIC OF - MINISTRY OF FINANCE

1.67%

#3 - PETROLEOS MEXICANOS SA DE CV

1.53%

#4 - ARGENTINA, REPUBLIC OF - SUBSECRETARIA DE FINANCIAMIENTO

1.52%

#5 - BRAZIL, FEDERATIVE REPUBLIC OF - SECRETARIA DO TESOURO NACIONAL

1.51%

#6 - AI CANDELARIA (SPAIN) SA

1.47%

#7 - MINERVA LUXEMBOURG SA

1.29%

GRO BRAZIL, FEDERATIVE REPUBLIC OF - SECRETARIA DO TESOURO NACIONAL

1.27%

#9 - NIGERIA, FEDERAL REPUBLIC OF - DEBT MANAGEMENT OFFICE (THE)

1.14%

#10 - COLOMBIA, REPUBLIC OF - MINISTERO DE HACIENDA Y CREDITO PUBLICO

1.11%

Category Peers

Category: US Equities - Quant Strat

같은 카테고리 6종 중 AUM 6/6위 · 보수율 3/6위

카테고리: US Equities - Quant Strat

ℹ️ 왜 비교해야 하나요?

같은 카테고리 ETF끼리는 보수율·규모(AUM)·배당률을 비교해 볼 가치가 있어요. 보수율은 낮을수록 장기 수익에 유리하고, AUM이 크면 운용 안정성이 높아요. ▲ 표시는 BALI보다 유리, ▼ 표시는 BALI보다 불리를 뜻해요.

티커	ETF명	보수율	AUM	보유종목	배당률	YTD	1년
BALI	iShares U.S. Large Cap Premium Income Active ETF	0.35%	$1.3B	207	7.92%	+6.31%	+9.56%
JEPI	JPMorgan Equity Premium Income ETF	0.35%	$45.3B ▲	127	8.00% ▲	-	-0.40% ▼
JEPQ	JPMorgan Nasdaq Equity Premium Income ETF	0.35%	$39.2B ▲	111	10.85% ▲	-	+4.83% ▼
QYLD	Global X NASDAQ 100 Covered Call ETF	0.6% ▼	$8.0B ▲	107	12.02% ▲	-	+4.78% ▼
GPIQ	Goldman Sachs Nasdaq-100 Premium Income ETF	0.29% ▲	$5.0B ▲	109	10.21% ▲	-	+8.97% ▼
GPIX	Goldman Sachs S&P 500 Premium Income ETF	0.29% ▲	$4.9B ▲	500	8.19% ▲	-	+8.06% ▼

AUM 내림차순 정렬 · ▲ BALI보다 유리 · ▼ BALI보다 불리

Leveraged & Covered Call ETFs on the Same Theme

ETFs that approach the same theme with a different strategy

9 ETFs tracking the same theme as BALI using leveraged or covered call strategies (Leverage 4 · Inverse 3 · Covered Call 2)

Not direct derivatives of BALI, but ETFs that cover the same theme via a different strategy.

ℹ️ Which ETFs are included?

Among ETFs whose theme (category or sector) overlaps with BALI, some use special strategies. Leveraged ETFs aim for 2–3× the daily move, Inverse ETFs seek opposite-direction returns, and Covered Call ETFs generate monthly income from option premiums.

⚠️ Caution: Long-Term Holding

Leveraged and inverse ETFs track only the daily return. With high volatility, holding them for longer periods causes cumulative volatility decay—returns diverge further from the underlying index. They are meant for short-term trading.

📈 Leverage 4 ETFs that amplify the same theme by 2-3x (high volatility)