OCSL vs. JEPQ
OCSL (Oaktree Specialty Lending Corporation) 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, OCSL returned -3.68%/yr vs 19.79%/yr for JEPQ. At a 0.37 correlation, their price movements are largely independent.
Performance
OCSL vs. JEPQ - Performance Comparison
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Returns By Period
In the year-to-date period, OCSL achieves a -3.24% return, which is significantly lower than JEPQ's 7.85% return.
OCSL
- 1D
- 1.14%
- 1M
- 0.96%
- YTD
- -3.24%
- 6M
- -2.47%
- 1Y
- -3.54%
- 3Y*
- -3.68%
- 5Y*
- 0.38%
- 10Y*
- 8.01%
JEPQ
- 1D
- -2.48%
- 1M
- 0.34%
- YTD
- 7.85%
- 6M
- 7.02%
- 1Y
- 25.10%
- 3Y*
- 19.79%
- 5Y*
- —
- 10Y*
- —
OCSL vs. JEPQ - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | |
|---|---|---|---|---|---|
OCSL Oaktree Specialty Lending Corporation | -3.24% | -6.06% | -15.15% | 11.25% | 4.40% |
JEPQ JPMorgan Nasdaq Equity Premium Income ETF | 7.85% | 15.18% | 24.85% | 36.28% | -11.16% |
Correlation
The correlation between OCSL and JEPQ is 0.32, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.32 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.28 |
Correlation (All Time) Calculated using the full available price history since May 4, 2022 | 0.37 |
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Return for Risk
OCSL vs. JEPQ — Risk / Return Rank
OCSL
JEPQ
OCSL vs. JEPQ - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Oaktree Specialty Lending Corporation (OCSL) 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.
| OCSL | JEPQ | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -2.09 | ||
| Sortino ratioReturn per unit of downside risk | -2.65 | ||
| Omega ratioGain probability vs. loss probability | 0.99 | 1.38 | -0.39 |
| Calmar ratioReturn relative to maximum drawdown | -0.18 | 2.86 | -3.04 |
| Martin ratioReturn relative to average drawdown | -0.39 | 13.55 | -13.94 |
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Drawdowns
OCSL vs. JEPQ - Drawdown Comparison
The maximum OCSL drawdown since its inception was -59.52%, which is greater than JEPQ's maximum drawdown of -20.07%. Use the drawdown chart below to compare losses from any high point for OCSL and JEPQ.
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Drawdown Indicators
| OCSL | JEPQ | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -59.52% | -20.07% | -39.45% |
Max Drawdown (1Y)Largest decline over 1 year | -19.77% | -8.82% | -10.95% |
Max Drawdown (3Y)Largest decline over 3 years | -34.16% | -20.07% | -14.09% |
Max Drawdown (5Y)Largest decline over 5 years | -34.16% | — | — |
Max Drawdown (10Y)Largest decline over 10 years | -57.32% | — | — |
Current DrawdownCurrent decline from peak | -26.88% | -2.48% | -24.40% |
Average DrawdownAverage peak-to-trough decline | -16.69% | -3.40% | -13.29% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 9.18% | 1.86% | +7.32% |
Volatility
OCSL vs. JEPQ - Volatility Comparison
Oaktree Specialty Lending Corporation (OCSL) has a higher volatility of 6.68% compared to JPMorgan Nasdaq Equity Premium Income ETF (JEPQ) at 6.27%. This indicates that OCSL'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.
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Volatility by Period
| OCSL | JEPQ | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 6.68% | 6.27% | +0.41% |
Volatility (6M)Calculated over the trailing 6-month period | 17.85% | 10.58% | +7.27% |
Volatility (1Y)Calculated over the trailing 1-year period | 21.82% | 13.08% | +8.74% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 19.96% | 16.79% | +3.17% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 26.89% | 16.79% | +10.10% |
Dividends
OCSL vs. JEPQ - Dividend Comparison
OCSL's dividend yield for the trailing twelve months is around 13.33%, more than JEPQ's 10.22% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
JEPQ JPMorgan Nasdaq Equity Premium Income ETF | 10.22% | 10.53% | 9.65% | 10.03% | 9.44% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
OCSL Oaktree Specialty Lending Corporation | 13.33% | 13.27% | 14.40% | 11.12% | 11.86% | 7.37% | 7.27% | 6.96% | 8.75% | 8.38% | 13.41% | 10.84% |
Frequently Asked Questions
OCSL and JEPQ have a correlation of 0.32, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
OCSL has higher volatility (6.68%) compared to JEPQ (6.27%). In terms of maximum drawdown, OCSL dropped -59.52% vs JEPQ's -20.07%.
JEPQ currently has the higher Sharpe Ratio (1.93 vs -0.16), 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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