BLE vs. JEPQ
Compare and contrast key facts about BlackRock Municipal Income Trust II (BLE) and JPMorgan Nasdaq Equity Premium Income ETF (JEPQ).
JEPQ is an actively managed fund by JPMorgan Chase. It was launched on May 3, 2022.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: BLE or JEPQ.
Key characteristics
| BLE | JEPQ | |
|---|---|---|
| YTD Return | 7.39% | 23.12% |
| 1Y Return | 18.10% | 27.93% |
| Sharpe Ratio | 1.98 | 2.29 |
| Sortino Ratio | 2.89 | 2.99 |
| Omega Ratio | 1.37 | 1.47 |
| Calmar Ratio | 0.58 | 2.60 |
| Martin Ratio | 9.22 | 11.26 |
| Ulcer Index | 1.96% | 2.48% |
| Daily Std Dev | 9.12% | 12.19% |
| Max Drawdown | -55.29% | -16.82% |
| Current Drawdown | -20.64% | -0.21% |
Correlation
The correlation between BLE and JEPQ is 0.27, which is considered to be low. This implies their price changes are not closely related. A low correlation is generally favorable for portfolio diversification, as it helps to reduce overall risk by spreading it across multiple assets with different performance patterns.
Performance
BLE vs. JEPQ - Performance Comparison
In the year-to-date period, BLE achieves a 7.39% return, which is significantly lower than JEPQ's 23.12% return. The chart below displays the growth of a $10,000 investment in both assets, with all prices adjusted for splits and dividends.
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Risk-Adjusted Performance
BLE vs. JEPQ - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for BlackRock Municipal Income Trust II (BLE) and JPMorgan Nasdaq Equity Premium Income ETF (JEPQ). Risk-adjusted metrics are performance indicators that assess an investment's returns in relation to its risk, enabling a more accurate comparison of different investment options.
Dividends
BLE vs. JEPQ - Dividend Comparison
BLE's dividend yield for the trailing twelve months is around 5.75%, less than JEPQ's 9.37% yield.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
BLE BlackRock Municipal Income Trust II | 5.75% | 4.05% | 5.91% | 4.93% | 4.64% | 4.60% | 5.72% | 5.97% | 6.30% | 6.19% | 6.22% | 7.69% |
JEPQ JPMorgan Nasdaq Equity Premium Income ETF | 9.37% | 10.02% | 9.44% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
Drawdowns
BLE vs. JEPQ - Drawdown Comparison
The maximum BLE drawdown since its inception was -55.29%, which is greater than JEPQ's maximum drawdown of -16.82%. Use the drawdown chart below to compare losses from any high point for BLE and JEPQ. For additional features, visit the drawdowns tool.
Volatility
BLE vs. JEPQ - Volatility Comparison
BlackRock Municipal Income Trust II (BLE) and JPMorgan Nasdaq Equity Premium Income ETF (JEPQ) have volatilities of 3.52% and 3.36%, respectively, indicating that both stocks experience similar levels of price fluctuations. This suggests that the risk associated with both stocks, as measured by volatility, is nearly the same. The chart below showcases a comparison of their rolling one-month volatility.