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 5.34%/yr vs 18.89%/yr for JEPQ. At a 0.30 correlation, their price movements are largely independent.
Performance
BXSL vs. JEPQ - Performance Comparison
Loading charts...
Returns By Period
In the year-to-date period, BXSL achieves a -5.31% return, which is significantly lower than JEPQ's 8.49% return.
BXSL
- 1D
- -0.30%
- 1M
- 1.15%
- 6M
- -4.37%
- YTD
- -5.31%
- 1Y
- -16.67%
- 3Y*
- 5.34%
- 5Y*
- —
- 10Y*
- —
JEPQ
- 1D
- -1.52%
- 1M
- 0.59%
- 6M
- 6.42%
- YTD
- 8.49%
- 1Y
- 22.08%
- 3Y*
- 18.89%
- 5Y*
- —
- 10Y*
- —
BXSL vs. JEPQ - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | |
|---|---|---|---|---|---|
BXSL Blackstone Secured Lending Fund | -5.31% | -9.36% | 29.02% | 37.82% | -7.66% |
JEPQ JPMorgan Nasdaq Equity Premium Income ETF | 8.49% | 15.18% | 24.85% | 36.28% | -11.16% |
Correlation
The correlation between BXSL and JEPQ is 0.22, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.22 |
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 |
Compare stocks, funds, or ETFs
Search for stocks, ETFs, and funds for a quick comparison or use the comparison tool for more options.
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 | -2.43 | ||
| Sortino ratioReturn per unit of downside risk | -3.32 | ||
| Omega ratioGain probability vs. loss probability | 0.88 | 1.31 | -0.43 |
| Calmar ratioReturn relative to maximum drawdown | -0.71 | 2.52 | -3.23 |
| Martin ratioReturn relative to average drawdown | -1.01 | 11.61 | -12.62 |
Loading charts...
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.
Loading charts...
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 | -19.62% | -2.03% | -17.59% |
Average DrawdownAverage peak-to-trough decline | -14.25% | -3.37% | -10.88% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 16.60% | 1.91% | +14.69% |
Volatility
BXSL vs. JEPQ - Volatility Comparison
The current volatility for Blackstone Secured Lending Fund (BXSL) is 5.13%, while JPMorgan Nasdaq Equity Premium Income ETF (JEPQ) has a volatility of 6.46%. 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.
Loading charts...
Volatility by Period
| BXSL | JEPQ | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 5.13% | 6.46% | -1.33% |
Volatility (6M)Calculated over the trailing 6-month period | 16.13% | 11.30% | +4.83% |
Volatility (1Y)Calculated over the trailing 1-year period | 20.56% | 13.75% | +6.81% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 23.77% | 16.82% | +6.95% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 23.77% | 16.82% | +6.95% |
Dividends
BXSL vs. JEPQ - Dividend Comparison
BXSL's dividend yield for the trailing twelve months is around 13.18%, more than JEPQ's 10.51% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 |
|---|---|---|---|---|---|---|
BXSL Blackstone Secured Lending Fund | 13.18% | 11.70% | 9.53% | 10.64% | 13.02% | 1.56% |
JEPQ JPMorgan Nasdaq Equity Premium Income ETF | 10.51% | 10.53% | 9.65% | 10.03% | 9.44% | 0.00% |
Frequently Asked Questions
BXSL and JEPQ have a correlation of 0.22, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
JEPQ has higher volatility (6.46%) compared to BXSL (5.13%). In terms of maximum drawdown, BXSL dropped -36.80% vs JEPQ's -20.07%.
JEPQ currently has the higher Sharpe Ratio (1.62 vs -0.82), 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.
Find the right allocation for BXSL and JEPQ
Add both to a portfolio and optimize allocations for your target — whether that's maximizing returns, minimizing drawdowns, or balancing risk across holdings.
Open Portfolio Optimizer