INCM.AX vs. JHGA.AX
INCM.AX (Betashares S&P Global High Dividend Aristocrats ETF) and JHGA.AX (JPMorgan Global Equity Premium Income (Hedged) Complex ETF) are both Dividend funds. INCM.AX is passively managed, while JHGA.AX is actively managed. Over the past year, INCM.AX returned 13.31% vs -4.30% for JHGA.AX. At a 0.10 correlation, their price movements are largely independent.
Performance
INCM.AX vs. JHGA.AX - Performance Comparison
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Returns By Period
In the year-to-date period, INCM.AX achieves a 5.25% return, which is significantly higher than JHGA.AX's -7.24% return.
INCM.AX
- 1D
- 0.05%
- 1M
- 2.03%
- 6M
- 4.77%
- YTD
- 5.25%
- 1Y
- 13.31%
- 3Y*
- 15.55%
- 5Y*
- 11.22%
- 10Y*
- —
JHGA.AX
- 1D
- -0.59%
- 1M
- -6.63%
- 6M
- -8.42%
- YTD
- -7.24%
- 1Y
- -4.30%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
INCM.AX vs. JHGA.AX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | |
|---|---|---|---|
INCM.AX Betashares S&P Global High Dividend Aristocrats ETF | 5.25% | 12.81% | 7.75% |
JHGA.AX JPMorgan Global Equity Premium Income (Hedged) Complex ETF | -7.24% | 4.99% | 2.27% |
Correlation
The correlation between INCM.AX and JHGA.AX is 0.12, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.12 |
Correlation (All Time) Calculated using the full available price history since Aug 5, 2024 | 0.10 |
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Return for Risk
INCM.AX vs. JHGA.AX — Risk / Return Rank
INCM.AX
JHGA.AX
INCM.AX vs. JHGA.AX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Betashares S&P Global High Dividend Aristocrats ETF (INCM.AX) and JPMorgan Global Equity Premium Income (Hedged) Complex ETF (JHGA.AX). 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.
| INCM.AX | JHGA.AX | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +1.89 | ||
| Sortino ratioReturn per unit of downside risk | +2.63 | ||
| Omega ratioGain probability vs. loss probability | 1.27 | 0.92 | +0.35 |
| Calmar ratioReturn relative to maximum drawdown | 1.68 | -0.46 | +2.14 |
| Martin ratioReturn relative to average drawdown | 4.59 | -1.26 | +5.85 |
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Drawdowns
INCM.AX vs. JHGA.AX - Drawdown Comparison
The maximum INCM.AX drawdown since its inception was -35.00%, which is greater than JHGA.AX's maximum drawdown of -12.77%. Use the drawdown chart below to compare losses from any high point for INCM.AX and JHGA.AX.
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Drawdown Indicators
| INCM.AX | JHGA.AX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -35.00% | -12.77% | -22.23% |
Max Drawdown (1Y)Largest decline over 1 year | -7.73% | -12.77% | +5.04% |
Max Drawdown (3Y)Largest decline over 3 years | -8.19% | — | — |
Max Drawdown (5Y)Largest decline over 5 years | -9.48% | — | — |
Current DrawdownCurrent decline from peak | -0.99% | -11.16% | +10.17% |
Average DrawdownAverage peak-to-trough decline | -6.89% | -3.11% | -3.78% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.86% | 4.43% | -1.57% |
Volatility
INCM.AX vs. JHGA.AX - Volatility Comparison
The current volatility for Betashares S&P Global High Dividend Aristocrats ETF (INCM.AX) is 2.56%, while JPMorgan Global Equity Premium Income (Hedged) Complex ETF (JHGA.AX) has a volatility of 7.43%. This indicates that INCM.AX experiences smaller price fluctuations and is considered to be less risky than JHGA.AX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| INCM.AX | JHGA.AX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 2.56% | 7.43% | -4.87% |
Volatility (6M)Calculated over the trailing 6-month period | 6.68% | 10.74% | -4.06% |
Volatility (1Y)Calculated over the trailing 1-year period | 8.74% | 14.79% | -6.05% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 11.87% | 19.28% | -7.41% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 14.65% | 19.28% | -4.63% |
Dividends
INCM.AX vs. JHGA.AX - Dividend Comparison
INCM.AX's dividend yield for the trailing twelve months is around 4.37%, less than JHGA.AX's 7.53% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 |
|---|---|---|---|---|---|---|---|---|
INCM.AX Betashares S&P Global High Dividend Aristocrats ETF | 4.37% | 5.93% | 2.87% | 3.43% | 3.03% | 3.06% | 3.97% | 3.20% |
JHGA.AX JPMorgan Global Equity Premium Income (Hedged) Complex ETF | 7.53% | 6.13% | 0.52% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
Frequently Asked Questions
INCM.AX and JHGA.AX have a correlation of 0.12, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
They also come from different issuers: BetaShares and JPMorgan.
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