JPC vs. BXSL

Last updated Apr 1, 2026

Compare and contrast key facts about Nuveen Preferred and Income Opportunities Fund (JPC) and Blackstone Secured Lending Fund (BXSL).

JPC is managed by Nuveen. It was launched on Mar 26, 2003.

Performance

JPC vs. BXSL - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Nuveen Preferred and Income Opportunities Fund (JPC) and Blackstone Secured Lending Fund (BXSL). The values are adjusted to include any dividend payments, if applicable.

JPC vs. BXSL - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021
JPC Nuveen Preferred and Income Opportunities Fund	-4.85%	14.00%	27.58%	0.75%	-19.18%	-1.02%
BXSL Blackstone Secured Lending Fund	-7.02%	-9.36%	29.02%	37.82%	-26.03%	24.96%

Returns By Period

In the year-to-date period, JPC achieves a -4.85% return, which is significantly higher than BXSL's -7.02% return.

JPC

• 1D: 4.00%
• 1M: -7.44%
• YTD: -4.85%
• 6M: -3.60%
• 1Y: 4.45%
• 3Y*: 14.81%
• 5Y*: 4.00%
• 10Y*: 6.06%

BXSL

• 1D: 2.91%
• 1M: 2.52%
• YTD: -7.02%
• 6M: -3.35%
• 1Y: -17.82%
• 3Y*: 9.34%
• 5Y*: —
• 10Y*: —

*Multi-year figures are annualized to reflect compound growth (CAGR)

Return for Risk

JPC vs. BXSL — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.

JPC

JPC Risk / Return Rank: 14
JPC Sharpe Ratio Rank: 12
JPC Sortino Ratio Rank: 11
JPC Omega Ratio Rank: 14
JPC Calmar Ratio Rank: 15
JPC Martin Ratio Rank: 19

BXSL

BXSL Risk / Return Rank: 14
BXSL Sharpe Ratio Rank: 10
BXSL Sortino Ratio Rank: 12
BXSL Omega Ratio Rank: 13
BXSL Calmar Ratio Rank: 16
BXSL Martin Ratio Rank: 17

The rank (0–100) shows how this investment's returns compare to the risk taken. Higher = better. Based on the past 12 months of data, combining Sharpe, Sortino, and other metrics used by quantitative funds and institutional investors.

JPC vs. BXSL - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Nuveen Preferred and Income Opportunities Fund (JPC) and Blackstone Secured Lending Fund (BXSL). 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.

	JPC	BXSL	Difference
Sharpe ratio Return per unit of total volatility	0.30	-0.76	+1.06
Sortino ratio Return per unit of downside risk	0.49	-0.97	+1.45
Omega ratio Gain probability vs. loss probability	1.09	0.88	+0.21
Calmar ratio Return relative to maximum drawdown	0.44	-0.74	+1.17
Martin ratio Return relative to average drawdown	1.99	-1.27	+3.26
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

JPC vs. BXSL - Sharpe Ratio Comparison

The current JPC Sharpe Ratio is 0.30, which is higher than the BXSL Sharpe Ratio of -0.76. The chart below compares the historical Sharpe Ratios of JPC and BXSL, offering insights into how both investments have performed under varying market conditions. These values are calculated using daily returns over the previous 12 months.

Sharpe Ratios by Period

	JPC	BXSL	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	0.30	-0.76	+1.06
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	0.28	—	—
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	0.29	—	—
Sharpe Ratio (All Time) Calculated using the full available price history	0.25	0.32	-0.07

Correlation

The correlation between JPC and BXSL is 0.23, 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.

Dividends

JPC vs. BXSL - Dividend Comparison

JPC's dividend yield for the trailing twelve months is around 10.37%, less than BXSL's 13.00% yield.

	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
JPC Nuveen Preferred and Income Opportunities Fund	10.37%	9.79%	8.94%	8.00%	8.74%	6.52%	6.95%	7.00%	9.02%	7.50%	8.14%	8.65%
BXSL Blackstone Secured Lending Fund	13.00%	11.70%	9.53%	10.64%	13.02%	1.56%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%

Drawdowns

JPC vs. BXSL - Drawdown Comparison

The maximum JPC drawdown since its inception was -76.07%, which is greater than BXSL's maximum drawdown of -36.80%. Use the drawdown chart below to compare losses from any high point for JPC and BXSL.

Drawdown Indicators

	JPC	BXSL	Difference
Max Drawdown Largest peak-to-trough decline	-76.07%	-36.80%	-39.27%
Max Drawdown (1Y) Largest decline over 1 year	-11.43%	-23.47%	+12.04%
Max Drawdown (5Y) Largest decline over 5 years	-32.26%	—	—
Max Drawdown (10Y) Largest decline over 10 years	-52.53%	—	—
Current Drawdown Current decline from peak	-7.89%	-21.07%	+13.18%
Average Drawdown Average peak-to-trough decline	-10.00%	-13.88%	+3.88%
Ulcer Index Depth and duration of drawdowns from previous peaks	2.50%	13.62%	-11.12%

Volatility

JPC vs. BXSL - Volatility Comparison

Nuveen Preferred and Income Opportunities Fund (JPC) and Blackstone Secured Lending Fund (BXSL) have volatilities of 7.36% and 7.42%, respectively, indicating that both stocks experience similar levels of price fluctuations. This suggests that the risk associated with both stocks, as measured by volatility, is nearly the same. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	JPC	BXSL	Difference
Volatility (1M) Calculated over the trailing 1-month period	7.36%	7.42%	-0.06%
Volatility (6M) Calculated over the trailing 6-month period	9.00%	15.51%	-6.51%
Volatility (1Y) Calculated over the trailing 1-year period	14.79%	23.61%	-8.82%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	14.32%	23.77%	-9.45%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	20.65%	23.77%	-3.12%