BXSL vs. JEPQ
BXSL (Blackstone Secured Lending Fund) is a stock, while JEPQ (JPMorgan Nasdaq Equity Premium Income ETF) is Nasdaq-100 fund tracking the Nasdaq-100 Index. Over the past 3 years, BXSL returned 4.19%/yr vs 17.49%/yr for JEPQ. Their 0.30 correlation means their historical movements had little consistent relationship.
Performance
BXSL vs. JEPQ - Performance Comparison
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Returns By Period
In the year-to-date period, BXSL achieves a -6.41% return, which is significantly lower than JEPQ's 6.05% return.
BXSL
- 1D
- -0.26%
- 1M
- -2.82%
- 6M
- -3.96%
- YTD
- -6.41%
- 1Y
- -16.28%
- 3Y*
- 4.19%
- 5Y*
- —
- 10Y*
- —
- ALL TIME*
- 8.49%
JEPQ
- 1D
- 0.57%
- 1M
- -1.92%
- 6M
- 3.71%
- YTD
- 6.05%
- 1Y
- 19.59%
- 3Y*
- 17.49%
- 5Y*
- —
- 10Y*
- —
- ALL TIME*
- 15.56%
Liquidity Comparison
| Position | Avg. Volume Value (2W) | Avg. Volume Value (1M) | Avg. Volume Value (3M) |
|---|---|---|---|
| $37.14M | $38.04M | $43.29M | |
| $439.89M | $417.31M | $422.49M |
BXSL vs. JEPQ - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | |
|---|---|---|---|---|---|
BXSL Blackstone Secured Lending Fund | -6.41% | -9.36% | 29.02% | 37.82% | -7.66% |
JEPQ JPMorgan Nasdaq Equity Premium Income ETF | 6.05% | 15.18% | 24.85% | 36.28% | -11.16% |
Correlation
The correlation between BXSL and JEPQ is 0.23, which is low. Their historical price movements had little consistent relationship.
| Correlation | |
|---|---|
Correlation (1Y) Focuses on recent behavior, but can change the most. | 0.23 |
Correlation (3Y) Balances recent behavior with more history. | 0.25 |
Correlation (All Time) Calculated using the full available price history since May 4, 2022 | 0.30 |
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Return for Risk
BXSL vs. JEPQ — Risk / Return Rank
BXSL
JEPQ
BXSL vs. JEPQ - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Blackstone Secured Lending Fund (BXSL) 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.
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.
| BXSL | JEPQ | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -2.05 | ||
| Sortino ratioReturn per unit of downside risk | -2.89 | ||
| Omega ratioGain probability vs. loss probability | 0.88 | 1.23 | -0.35 |
| Calmar ratioReturn relative to maximum drawdown | -0.86 | 2.02 | -2.88 |
| Martin ratioReturn relative to average drawdown | -1.25 | 8.30 | -9.56 |
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Drawdowns
BXSL vs. JEPQ - Drawdown Comparison
The maximum BXSL drawdown since its inception was -36.80%, which is greater than JEPQ's maximum drawdown of -20.07%. Use the drawdown chart below to compare losses from any high point for BXSL and JEPQ.
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Drawdown Indicators
| BXSL | JEPQ | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -36.80% | -20.07% | -16.73% |
Max Drawdown (1Y)Largest decline over 1 year | -20.13% | -8.82% | -11.31% |
Max Drawdown (3Y)Largest decline over 3 years | -24.21% | -20.07% | -4.14% |
Current DrawdownCurrent decline from peak | -20.55% | -4.23% | -16.32% |
Average DrawdownAverage peak-to-trough decline | -14.31% | -3.38% | -10.93% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 14.69% | 2.14% | +12.55% |
Volatility
BXSL vs. JEPQ - Volatility Comparison
The current volatility for Blackstone Secured Lending Fund (BXSL) is 5.25%, while JPMorgan Nasdaq Equity Premium Income ETF (JEPQ) has a volatility of 6.09%. This indicates that BXSL experiences smaller price fluctuations and is considered to be less risky than JEPQ based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| BXSL | JEPQ | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 5.25% | 6.09% | -0.84% |
Volatility (6M)Calculated over the trailing 6-month period | 16.17% | 12.15% | +4.02% |
Volatility (1Y)Calculated over the trailing 1-year period | 20.75% | 14.65% | +6.10% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 23.71% | 16.90% | +6.81% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 23.71% | 16.90% | +6.81% |
Dividends
BXSL vs. JEPQ - Dividend Comparison
BXSL's dividend yield for the trailing twelve months is around 13.33%, more than JEPQ's 10.75% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 |
|---|---|---|---|---|---|---|
BXSL Blackstone Secured Lending Fund | 13.33% | 11.70% | 9.53% | 10.64% | 13.02% | 1.56% |
JEPQ JPMorgan Nasdaq Equity Premium Income ETF | 9.99% | 10.53% | 9.65% | 10.03% | 9.44% | 0.00% |
Frequently Asked Questions
BXSL and JEPQ have a correlation of 0.23, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
JEPQ has higher volatility (6.09%) compared to BXSL (5.25%). In terms of maximum drawdown, BXSL dropped -36.80% vs JEPQ's -20.07%.
JEPQ currently has the higher Sharpe Ratio (1.22 vs -0.83), 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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