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 6.33%/yr vs 19.79%/yr for JEPQ. At a 0.30 correlation, their price movements are largely independent.
Performance
BXSL vs. JEPQ - Performance Comparison
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Returns By Period
In the year-to-date period, BXSL achieves a -7.25% return, which is significantly lower than JEPQ's 7.85% return.
BXSL
- 1D
- 1.77%
- 1M
- 1.29%
- YTD
- -7.25%
- 6M
- -6.64%
- 1Y
- -14.26%
- 3Y*
- 6.33%
- 5Y*
- —
- 10Y*
- —
JEPQ
- 1D
- -2.48%
- 1M
- 0.34%
- YTD
- 7.85%
- 6M
- 7.02%
- 1Y
- 25.10%
- 3Y*
- 19.79%
- 5Y*
- —
- 10Y*
- —
BXSL vs. JEPQ - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | |
|---|---|---|---|---|---|
BXSL Blackstone Secured Lending Fund | -7.25% | -9.36% | 29.02% | 37.82% | -7.66% |
JEPQ JPMorgan Nasdaq Equity Premium Income ETF | 7.85% | 15.18% | 24.85% | 36.28% | -11.16% |
Correlation
The correlation between BXSL and JEPQ is 0.24, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.24 |
Correlation (3Y) Calculated over the trailing 3-year period | 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 | -2.64 | ||
| Sortino ratioReturn per unit of downside risk | -3.51 | ||
| Omega ratioGain probability vs. loss probability | 0.90 | 1.38 | -0.48 |
| Calmar ratioReturn relative to maximum drawdown | -0.61 | 2.86 | -3.47 |
| Martin ratioReturn relative to average drawdown | -0.89 | 13.55 | -14.44 |
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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 | -23.47% | -8.82% | -14.65% |
Max Drawdown (3Y)Largest decline over 3 years | -24.21% | -20.07% | -4.14% |
Current DrawdownCurrent decline from peak | -21.27% | -2.48% | -18.79% |
Average DrawdownAverage peak-to-trough decline | -14.19% | -3.40% | -10.79% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 16.04% | 1.86% | +14.18% |
Volatility
BXSL vs. JEPQ - Volatility Comparison
The current volatility for Blackstone Secured Lending Fund (BXSL) is 5.58%, while JPMorgan Nasdaq Equity Premium Income ETF (JEPQ) has a volatility of 6.27%. 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 | 5.58% | 6.27% | -0.69% |
Volatility (6M)Calculated over the trailing 6-month period | 16.59% | 10.58% | +6.01% |
Volatility (1Y)Calculated over the trailing 1-year period | 20.31% | 13.08% | +7.23% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 23.82% | 16.79% | +7.03% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 23.82% | 16.79% | +7.03% |
Dividends
BXSL vs. JEPQ - Dividend Comparison
BXSL's dividend yield for the trailing twelve months is around 13.03%, more than JEPQ's 10.22% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 |
|---|---|---|---|---|---|---|
BXSL Blackstone Secured Lending Fund | 13.03% | 11.70% | 9.53% | 10.64% | 13.02% | 1.56% |
JEPQ JPMorgan Nasdaq Equity Premium Income ETF | 10.22% | 10.53% | 9.65% | 10.03% | 9.44% | 0.00% |
Frequently Asked Questions
BXSL and JEPQ have a correlation of 0.24, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
JEPQ has higher volatility (6.27%) compared to BXSL (5.58%). In terms of maximum drawdown, BXSL dropped -36.80% vs JEPQ's -20.07%.
JEPQ currently has the higher Sharpe Ratio (1.93 vs -0.71), 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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