JEGA.AX vs. INCM.AX
JEGA.AX (JPMorgan Global Equity Premium Income Complex ETF) and INCM.AX (Betashares S&P Global High Dividend Aristocrats ETF) are both Dividend funds. JEGA.AX is actively managed, while INCM.AX is passively managed. Over the past year, JEGA.AX returned -5.03% vs 13.25% for INCM.AX. At a 0.30 correlation, their price movements are largely independent.
Performance
JEGA.AX vs. INCM.AX - Performance Comparison
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Returns By Period
In the year-to-date period, JEGA.AX achieves a -5.60% return, which is significantly lower than INCM.AX's 5.20% return.
JEGA.AX
- 1D
- 0.49%
- 1M
- 2.12%
- 6M
- -4.93%
- YTD
- -5.60%
- 1Y
- -5.03%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
INCM.AX
- 1D
- 0.45%
- 1M
- 1.52%
- 6M
- 5.09%
- YTD
- 5.20%
- 1Y
- 13.25%
- 3Y*
- 15.38%
- 5Y*
- 11.21%
- 10Y*
- —
JEGA.AX vs. INCM.AX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | |
|---|---|---|---|
JEGA.AX JPMorgan Global Equity Premium Income Complex ETF | -5.60% | 2.55% | 6.18% |
INCM.AX Betashares S&P Global High Dividend Aristocrats ETF | 5.20% | 12.81% | 7.81% |
Correlation
The correlation between JEGA.AX and INCM.AX is 0.40, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.40 |
Correlation (All Time) Calculated using the full available price history since Aug 2, 2024 | 0.30 |
The correlation between JEGA.AX and INCM.AX shifts across timeframes, from 0.30 (all time) to 0.40 (1 year), reflecting how their relationship changes across market environments.
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Return for Risk
JEGA.AX vs. INCM.AX — Risk / Return Rank
JEGA.AX
INCM.AX
JEGA.AX vs. INCM.AX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for JPMorgan Global Equity Premium Income Complex ETF (JEGA.AX) and Betashares S&P Global High Dividend Aristocrats ETF (INCM.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.
| JEGA.AX | INCM.AX | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -1.99 | ||
| Sortino ratioReturn per unit of downside risk | -2.83 | ||
| Omega ratioGain probability vs. loss probability | 0.94 | 1.29 | -0.34 |
| Calmar ratioReturn relative to maximum drawdown | -0.31 | 1.80 | -2.11 |
| Martin ratioReturn relative to average drawdown | -0.63 | 4.94 | -5.57 |
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Drawdowns
JEGA.AX vs. INCM.AX - Drawdown Comparison
The maximum JEGA.AX drawdown since its inception was -17.60%, smaller than the maximum INCM.AX drawdown of -35.00%. Use the drawdown chart below to compare losses from any high point for JEGA.AX and INCM.AX.
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Drawdown Indicators
| JEGA.AX | INCM.AX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -17.60% | -35.00% | +17.40% |
Max Drawdown (1Y)Largest decline over 1 year | -14.83% | -7.73% | -7.10% |
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 | -11.87% | -1.04% | -10.83% |
Average DrawdownAverage peak-to-trough decline | -5.75% | -6.90% | +1.15% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 7.17% | 2.86% | +4.31% |
Volatility
JEGA.AX vs. INCM.AX - Volatility Comparison
JPMorgan Global Equity Premium Income Complex ETF (JEGA.AX) has a higher volatility of 3.82% compared to Betashares S&P Global High Dividend Aristocrats ETF (INCM.AX) at 2.57%. This indicates that JEGA.AX's price experiences larger fluctuations and is considered to be riskier than INCM.AX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| JEGA.AX | INCM.AX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 3.82% | 2.57% | +1.25% |
Volatility (6M)Calculated over the trailing 6-month period | 8.46% | 6.74% | +1.72% |
Volatility (1Y)Calculated over the trailing 1-year period | 11.36% | 8.79% | +2.57% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 13.08% | 11.87% | +1.21% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 13.08% | 14.65% | -1.57% |
Dividends
JEGA.AX vs. INCM.AX - Dividend Comparison
JEGA.AX's dividend yield for the trailing twelve months is around 5.20%, more than INCM.AX's 4.38% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 |
|---|---|---|---|---|---|---|---|---|
INCM.AX Betashares S&P Global High Dividend Aristocrats ETF | 4.38% | 5.93% | 2.87% | 3.43% | 3.03% | 3.06% | 3.97% | 3.20% |
JEGA.AX JPMorgan Global Equity Premium Income Complex ETF | 5.20% | 6.92% | 2.65% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
Frequently Asked Questions
JEGA.AX and INCM.AX have a correlation of 0.40, 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: JPMorgan and BetaShares.
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