SRLN vs. JEPQ
SRLN (State Street Blackstone Senior Loan ETF) and JEPQ (JPMorgan Nasdaq Equity Premium Income ETF) are both exchange-traded funds - SRLN is a Bank Loan fund actively managed by State Street, while JEPQ is a Nasdaq-100 fund tracking the Nasdaq-100 Index. SRLN is actively managed, while JEPQ is passively managed. Over the past 3 years, SRLN returned 7.50%/yr vs 20.83%/yr for JEPQ. A 0.59 correlation means they provide meaningful diversification when combined. SRLN charges 0.70%/yr vs 0.35%/yr for JEPQ.
Performance
SRLN vs. JEPQ - Performance Comparison
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Returns By Period
In the year-to-date period, SRLN achieves a 0.75% return, which is significantly lower than JEPQ's 10.52% return.
SRLN
- 1D
- 0.10%
- 1M
- 0.28%
- YTD
- 0.75%
- 6M
- 1.14%
- 1Y
- 5.41%
- 3Y*
- 7.50%
- 5Y*
- 4.60%
- 10Y*
- 4.56%
JEPQ
- 1D
- 1.61%
- 1M
- 3.22%
- YTD
- 10.52%
- 6M
- 10.65%
- 1Y
- 29.09%
- 3Y*
- 20.83%
- 5Y*
- —
- 10Y*
- —
SRLN vs. JEPQ - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | |
|---|---|---|---|---|---|
SRLN State Street Blackstone Senior Loan ETF | 0.75% | 6.77% | 8.43% | 11.62% | -3.57% |
JEPQ JPMorgan Nasdaq Equity Premium Income ETF | 10.52% | 15.18% | 24.85% | 36.28% | -11.16% |
Correlation
The correlation between SRLN and JEPQ is 0.61, which is moderate. They share some common price drivers but move independently often enough to provide real diversification benefit when combined.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.61 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.55 |
Correlation (All Time) Calculated using the full available price history since May 4, 2022 | 0.59 |
The correlation between SRLN and JEPQ has been stable across timeframes, ranging from 0.55 to 0.61 - a consistent structural relationship.
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Return for Risk
SRLN vs. JEPQ — Risk / Return Rank
SRLN
JEPQ
SRLN vs. JEPQ - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for State Street Blackstone Senior Loan ETF (SRLN) 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.
| SRLN | JEPQ | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.41 | ||
| Sortino ratioReturn per unit of downside risk | -0.30 | ||
| Omega ratioGain probability vs. loss probability | 1.42 | 1.45 | -0.03 |
| Calmar ratioReturn relative to maximum drawdown | 1.67 | 3.31 | -1.65 |
| Martin ratioReturn relative to average drawdown | 6.17 | 15.77 | -9.60 |
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Drawdowns
SRLN vs. JEPQ - Drawdown Comparison
The maximum SRLN drawdown since its inception was -22.29%, which is greater than JEPQ's maximum drawdown of -20.07%. Use the drawdown chart below to compare losses from any high point for SRLN and JEPQ.
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Drawdown Indicators
| SRLN | JEPQ | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -22.29% | -20.07% | -2.22% |
Max Drawdown (1Y)Largest decline over 1 year | -3.26% | -8.82% | +5.56% |
Max Drawdown (3Y)Largest decline over 3 years | -4.26% | -20.07% | +15.81% |
Max Drawdown (5Y)Largest decline over 5 years | -7.93% | — | — |
Max Drawdown (10Y)Largest decline over 10 years | -22.29% | — | — |
Current DrawdownCurrent decline from peak | -0.05% | 0.00% | -0.05% |
Average DrawdownAverage peak-to-trough decline | -1.10% | -3.40% | +2.30% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 0.88% | 1.85% | -0.97% |
Volatility
SRLN vs. JEPQ - Volatility Comparison
The current volatility for State Street Blackstone Senior Loan ETF (SRLN) is 0.58%, while JPMorgan Nasdaq Equity Premium Income ETF (JEPQ) has a volatility of 5.70%. This indicates that SRLN 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
| SRLN | JEPQ | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 0.58% | 5.70% | -5.12% |
Volatility (6M)Calculated over the trailing 6-month period | 2.67% | 10.49% | -7.82% |
Volatility (1Y)Calculated over the trailing 1-year period | 2.91% | 12.83% | -9.92% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 3.91% | 16.76% | -12.85% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 6.06% | 16.76% | -10.70% |
SRLN vs. JEPQ - Expense Ratio Comparison
SRLN has a 0.70% expense ratio, which is higher than JEPQ's 0.35% expense ratio.
Dividends
SRLN vs. JEPQ - Dividend Comparison
SRLN's dividend yield for the trailing twelve months is around 7.49%, less than JEPQ's 9.98% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
JEPQ JPMorgan Nasdaq Equity Premium Income ETF | 9.98% | 10.53% | 9.65% | 10.03% | 9.44% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
SRLN State Street Blackstone Senior Loan ETF | 7.49% | 7.67% | 8.58% | 8.44% | 5.72% | 4.45% | 4.91% | 5.39% | 4.98% | 4.01% | 3.94% | 4.43% |
Frequently Asked Questions
SRLN and JEPQ have a correlation of 0.61, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
JEPQ has higher volatility (5.70%) compared to SRLN (0.58%). In terms of maximum drawdown, SRLN dropped -22.29% vs JEPQ's -20.07%.
On 3-year performance, JEPQ leads with 20.83% vs 7.50% for SRLN. On fees, JEPQ is cheaper at 0.35% per year. On volatility, SRLN has been the lower-risk option at 0.58%. The better choice depends on whether you care most about return, fees, risk, or income.
Over the 3-year period, JEPQ has performed better with a 20.83% return vs 7.50%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.
JEPQ is cheaper with a 0.35% expense ratio, compared with 0.70% for SRLN.
JEPQ has the higher dividend yield at 9.98%, compared with 7.49% for SRLN.
SRLN is categorized as Bank Loan, while JEPQ is Nasdaq-100. They also come from different issuers: State Street and JPMorgan. Their fees differ too: 0.70% for SRLN and 0.35% for JEPQ.
JEPQ currently has the higher Sharpe Ratio (2.28 vs 1.87), 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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