BXSL vs. JEPQ
Compare and contrast key facts about Blackstone Secured Lending Fund (BXSL) 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: BXSL or JEPQ.
Performance
BXSL vs. JEPQ - Performance Comparison
Returns By Period
The year-to-date returns for both investments are quite close, with BXSL having a 22.12% return and JEPQ slightly higher at 22.99%.
BXSL
22.12%
0.74%
7.28%
22.87%
N/A
N/A
JEPQ
22.99%
2.81%
9.92%
26.76%
N/A
N/A
Key characteristics
| BXSL | JEPQ | |
|---|---|---|
| Sharpe Ratio | 1.67 | 2.20 |
| Sortino Ratio | 2.29 | 2.88 |
| Omega Ratio | 1.30 | 1.45 |
| Calmar Ratio | 2.22 | 2.53 |
| Martin Ratio | 6.99 | 10.94 |
| Ulcer Index | 3.23% | 2.48% |
| Daily Std Dev | 13.50% | 12.33% |
| Max Drawdown | -36.85% | -16.82% |
| Current Drawdown | -0.79% | -0.32% |
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Correlation
The correlation between BXSL and JEPQ is 0.33, 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.
Risk-Adjusted Performance
BXSL vs. JEPQ - Risk-Adjusted Performance 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.
Dividends
BXSL vs. JEPQ - Dividend Comparison
BXSL's dividend yield for the trailing twelve months is around 9.84%, more than JEPQ's 9.38% yield.
| TTM | 2023 | 2022 | 2021 | |
|---|---|---|---|---|
BXSL Blackstone Secured Lending Fund | 9.84% | 10.64% | 13.02% | 1.56% |
JEPQ JPMorgan Nasdaq Equity Premium Income ETF | 9.38% | 10.02% | 9.44% | 0.00% |
Drawdowns
BXSL vs. JEPQ - Drawdown Comparison
The maximum BXSL drawdown since its inception was -36.85%, which is greater than JEPQ's maximum drawdown of -16.82%. Use the drawdown chart below to compare losses from any high point for BXSL and JEPQ. For additional features, visit the drawdowns tool.
Volatility
BXSL vs. JEPQ - Volatility Comparison
Blackstone Secured Lending Fund (BXSL) has a higher volatility of 4.18% compared to JPMorgan Nasdaq Equity Premium Income ETF (JEPQ) at 3.71%. This indicates that BXSL'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.