BMEZ vs. JEPI
BMEZ (BlackRock Health Sciences Trust II) is a stock, while JEPI (JPMorgan Equity Premium Income ETF) is Dividend fund actively managed by JPMorgan. Over the past 5 years, BMEZ returned -3.07%/yr vs 7.31%/yr for JEPI. A 0.53 correlation means they provide meaningful diversification when combined.
Performance
BMEZ vs. JEPI - Performance Comparison
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Returns By Period
In the year-to-date period, BMEZ achieves a 2.12% return, which is significantly higher than JEPI's 0.91% return.
BMEZ
- 1D
- 0.62%
- 1M
- 4.39%
- YTD
- 2.12%
- 6M
- 1.58%
- 1Y
- 14.49%
- 3Y*
- 7.92%
- 5Y*
- -3.07%
- 10Y*
- —
JEPI
- 1D
- -0.43%
- 1M
- -0.19%
- YTD
- 0.91%
- 6M
- 0.64%
- 1Y
- 7.76%
- 3Y*
- 8.98%
- 5Y*
- 7.31%
- 10Y*
- —
BMEZ vs. JEPI - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | |
|---|---|---|---|---|---|---|---|
BMEZ BlackRock Health Sciences Trust II | 2.12% | 18.69% | 9.54% | 5.07% | -32.65% | -6.00% | 47.53% |
JEPI JPMorgan Equity Premium Income ETF | 0.91% | 8.09% | 12.57% | 9.83% | -3.49% | 21.52% | 18.39% |
Correlation
The correlation between BMEZ and JEPI is 0.50, which is moderate. They share some common price drivers but move independently often enough to provide real diversification benefit when combined.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.50 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.55 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.58 |
Correlation (All Time) Calculated using the full available price history since May 21, 2020 | 0.53 |
The correlation between BMEZ and JEPI has been stable across timeframes, ranging from 0.50 to 0.58 - a consistent structural relationship.
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Return for Risk
BMEZ vs. JEPI — Risk / Return Rank
BMEZ
JEPI
BMEZ vs. JEPI - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for BlackRock Health Sciences Trust II (BMEZ) and JPMorgan Equity Premium Income ETF (JEPI). 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.
Values are calculated on a 1-year rolling basis and updated daily. Risk-adjusted metrics are more stable over longer periods — use the period switch above to explore them.
| BMEZ | JEPI | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.01 | ||
| Sortino ratioReturn per unit of downside risk | +0.09 | ||
| Omega ratioGain probability vs. loss probability | 1.17 | 1.18 | -0.01 |
| Calmar ratioReturn relative to maximum drawdown | 1.29 | 1.17 | +0.13 |
| Martin ratioReturn relative to average drawdown | 3.16 | 3.44 | -0.28 |
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Drawdowns
BMEZ vs. JEPI - Drawdown Comparison
The maximum BMEZ drawdown since its inception was -46.19%, which is greater than JEPI's maximum drawdown of -13.71%. Use the drawdown chart below to compare losses from any high point for BMEZ and JEPI.
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Drawdown Indicators
| BMEZ | JEPI | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -46.19% | -13.71% | -32.48% |
Max Drawdown (1Y)Largest decline over 1 year | -11.24% | -6.68% | -4.56% |
Max Drawdown (3Y)Largest decline over 3 years | -18.41% | -13.26% | -5.15% |
Max Drawdown (5Y)Largest decline over 5 years | -46.17% | -13.71% | -32.46% |
Current DrawdownCurrent decline from peak | -18.08% | -4.11% | -13.97% |
Average DrawdownAverage peak-to-trough decline | -24.12% | -2.13% | -21.99% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 4.60% | 2.26% | +2.34% |
Volatility
BMEZ vs. JEPI - Volatility Comparison
BlackRock Health Sciences Trust II (BMEZ) has a higher volatility of 4.08% compared to JPMorgan Equity Premium Income ETF (JEPI) at 2.38%. This indicates that BMEZ's price experiences larger fluctuations and is considered to be riskier than JEPI based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| BMEZ | JEPI | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 4.08% | 2.38% | +1.70% |
Volatility (6M)Calculated over the trailing 6-month period | 11.48% | 6.29% | +5.19% |
Volatility (1Y)Calculated over the trailing 1-year period | 15.18% | 8.03% | +7.15% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 19.87% | 11.08% | +8.79% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 24.08% | 10.78% | +13.30% |
Dividends
BMEZ vs. JEPI - Dividend Comparison
BMEZ's dividend yield for the trailing twelve months is around 10.11%, more than JEPI's 8.21% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 |
|---|---|---|---|---|---|---|---|
BMEZ BlackRock Health Sciences Trust II | 10.11% | 12.43% | 11.74% | 10.80% | 11.28% | 6.51% | 3.14% |
JEPI JPMorgan Equity Premium Income ETF | 8.21% | 8.25% | 7.33% | 8.40% | 11.68% | 6.59% | 5.79% |
Frequently Asked Questions
BMEZ and JEPI have a correlation of 0.50, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
BMEZ has higher volatility (4.08%) compared to JEPI (2.38%). In terms of maximum drawdown, BMEZ dropped -46.19% vs JEPI's -13.71%.
JEPI currently has the higher Sharpe Ratio (0.97 vs 0.96), meaning it's delivered slightly more return per unit of risk over the trailing 12 months. However, this ranking shifts over time - use the Risk/Return Score above for a more comprehensive view that combines Sharpe, Sortino, and other measures used by quantitative funds.
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