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BLE vs. JEPQ
Performance
Risk-Adjusted Performance
Dividends
Drawdowns
Volatility

Correlation

The correlation between BLE and JEPQ is 0.32, 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.

BLE vs. JEPQ

Last updated Jun 3, 2025

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.

Performance

BLE vs. JEPQ - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in BlackRock Municipal Income Trust II (BLE) and JPMorgan Nasdaq Equity Premium Income ETF (JEPQ). The values are adjusted to include any dividend payments, if applicable.

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Key characteristics

Sharpe Ratio

BLE:

0.12

JEPQ:

0.45

Sortino Ratio

BLE:

0.28

JEPQ:

0.79

Omega Ratio

BLE:

1.04

JEPQ:

1.12

Calmar Ratio

BLE:

0.07

JEPQ:

0.47

Martin Ratio

BLE:

0.40

JEPQ:

1.60

Ulcer Index

BLE:

4.68%

JEPQ:

5.91%

Daily Std Dev

BLE:

11.48%

JEPQ:

20.29%

Max Drawdown

BLE:

-55.26%

JEPQ:

-20.07%

Current Drawdown

BLE:

-25.01%

JEPQ:

-6.50%

Returns By Period

In the year-to-date period, BLE achieves a -2.71% return, which is significantly lower than JEPQ's -2.20% return.

BLE

YTD

-2.71%

1M

-0.76%

6M

-7.08%

1Y

1.40%

3Y*

-0.21%

5Y*

-2.13%

10Y*

1.83%

JEPQ

YTD

-2.20%

1M

3.02%

6M

-2.69%

1Y

9.13%

3Y*

14.76%

5Y*

N/A

10Y*

N/A

*Annualized

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BlackRock Municipal Income Trust II

JPMorgan Nasdaq Equity Premium Income ETF

Go deeper with the Portfolio Analysis tool — backtest performance, assess risk, compare to benchmarks, and more

Risk-Adjusted Performance

BLE vs. JEPQ — Risk-Adjusted Performance Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.
BLE
The Risk-Adjusted Performance Rank of BLE is 5151
Overall Rank
The Sharpe Ratio Rank of BLE is 5555
Sharpe Ratio Rank
The Sortino Ratio Rank of BLE is 4444
Sortino Ratio Rank
The Omega Ratio Rank of BLE is 4545
Omega Ratio Rank
The Calmar Ratio Rank of BLE is 5454
Calmar Ratio Rank
The Martin Ratio Rank of BLE is 5656
Martin Ratio Rank
JEPQ
The Risk-Adjusted Performance Rank of JEPQ is 4646
Overall Rank
The Sharpe Ratio Rank of JEPQ is 4040
Sharpe Ratio Rank
The Sortino Ratio Rank of JEPQ is 4444
Sortino Ratio Rank
The Omega Ratio Rank of JEPQ is 4949
Omega Ratio Rank
The Calmar Ratio Rank of JEPQ is 4949
Calmar Ratio Rank
The Martin Ratio Rank of JEPQ is 4545
Martin Ratio Rank
The risk-adjusted ranks indicate the investment's position relative to the market. A rank closer to 100 signifies top-performing investments, while a rank closer to 0 might suggest underperformance, based on the selected ratio. The values are calculated based on the past 12 months of returns.

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.

The current BLE Sharpe Ratio is 0.12, which is lower than the JEPQ Sharpe Ratio of 0.45. The chart below compares the historical Sharpe Ratios of BLE and JEPQ, offering insights into how both investments have performed under varying market conditions. These values are calculated using daily returns over the previous 12 months.

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Go to the full Sharpe Ratio tool to analyze any stock or portfolio. Customize time frames, set your own risk-free rate, and more

Dividends

BLE vs. JEPQ - Dividend Comparison

BLE's dividend yield for the trailing twelve months is around 6.43%, less than JEPQ's 11.65% yield.

TTM20242023202220212020201920182017201620152014
BLE
BlackRock Municipal Income Trust II		6.43%5.99%4.05%5.91%4.93%4.64%4.60%5.72%5.97%6.30%6.19%6.22%
JEPQ
JPMorgan Nasdaq Equity Premium Income ETF		11.65%9.65%10.02%9.44%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 -55.26%, which is greater than JEPQ's maximum drawdown of -20.07%. Use the drawdown chart below to compare losses from any high point for BLE and JEPQ.

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Go to the full Drawdowns tool for more analysis options, including inflation-adjusted drawdowns, and more

Volatility

BLE vs. JEPQ - Volatility Comparison

BlackRock Municipal Income Trust II (BLE) has a higher volatility of 3.09% compared to JPMorgan Nasdaq Equity Premium Income ETF (JEPQ) at 1.91%. This indicates that BLE's price experiences larger fluctuations and is considered to be riskier than JEPQ based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

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