JEGA.AX vs. JPEQ.AX

Last updated Jul 16, 2026

JEGA.AX (JPMorgan Global Equity Premium Income Complex ETF) and JPEQ.AX (JPMorgan US 100Q Equity Premium Income Active ETF) are both exchange-traded funds - JEGA.AX is a Dividend fund actively managed by JPMorgan, while JPEQ.AX is a Derivative Income fund actively managed by JPMorgan. Both are actively managed. Over the past year, JEGA.AX returned -5.03% vs 12.33% for JPEQ.AX. At a 0.11 correlation, their price movements are largely independent.

Performance

JEGA.AX vs. JPEQ.AX - Performance Comparison

The chart below illustrates the hypothetical performance of a A$10,000 investment in JPMorgan Global Equity Premium Income Complex ETF (JEGA.AX) and JPMorgan US 100Q Equity Premium Income Active ETF (JPEQ.AX). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, JEGA.AX achieves a -5.60% return, which is significantly lower than JPEQ.AX's 2.72% return.

JEGA.AX

• 1D: 0.49%
• 1M: 2.12%
• 6M: -4.93%
• YTD: -5.60%
• 1Y: -5.03%
• 3Y*: —
• 5Y*: —
• 10Y*: —

JPEQ.AX

• 1D: -1.17%
• 1M: 1.52%
• 6M: 1.64%
• YTD: 2.72%
• 1Y: 12.33%
• 3Y*: 16.43%
• 5Y*: —
• 10Y*: —

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

JEGA.AX vs. JPEQ.AX - Yearly Performance Comparison

	2026 (YTD)	2025	2024
JEGA.AX JPMorgan Global Equity Premium Income Complex ETF	-5.60%	2.55%	6.18%
JPEQ.AX JPMorgan US 100Q Equity Premium Income Active ETF	2.72%	4.54%	15.95%

Correlation

The correlation between JEGA.AX and JPEQ.AX is 0.14, which is low. Their price movements are largely independent, making them effective diversification partners.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.14
Correlation (All Time) Calculated using the full available price history since Aug 2, 2024	0.11

Return for Risk

JEGA.AX vs. JPEQ.AX — Risk / Return Rank

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

JEGA.AX

JEGA.AX Risk / Return Rank: 6
JEGA.AX Sharpe Ratio Rank: 6
JEGA.AX Sortino Ratio Rank: 5
JEGA.AX Omega Ratio Rank: 5
JEGA.AX Calmar Ratio Rank: 7
JEGA.AX Martin Ratio Rank: 6

JPEQ.AX

JPEQ.AX Risk / Return Rank: 33
JPEQ.AX Sharpe Ratio Rank: 36
JPEQ.AX Sortino Ratio Rank: 34
JPEQ.AX Omega Ratio Rank: 34
JPEQ.AX Calmar Ratio Rank: 31
JPEQ.AX Martin Ratio Rank: 30

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.

JEGA.AX vs. JPEQ.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 JPMorgan US 100Q Equity Premium Income Active ETF (JPEQ.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	JPEQ.AX	Difference
Sharpe ratio: Return per unit of total volatility	-0.40	1.06	-1.46
Sortino ratio: Return per unit of downside risk	-0.50	1.52	-2.01
Omega ratio: Gain probability vs. loss probability	0.94	1.19	-0.25
Calmar ratio: Return relative to maximum drawdown	-0.31	1.30	-1.61
Martin ratio: Return relative to average drawdown	-0.63	3.47	-4.10

JEGA.AX vs. JPEQ.AX - Sharpe Ratio Comparison

The current JEGA.AX Sharpe Ratio is -0.40, which is lower than the JPEQ.AX Sharpe Ratio of 1.06. The chart below compares the historical Sharpe Ratios of JEGA.AX and JPEQ.AX, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Drawdowns

JEGA.AX vs. JPEQ.AX - Drawdown Comparison

The maximum JEGA.AX drawdown since its inception was -17.60%, roughly equal to the maximum JPEQ.AX drawdown of -18.48%. Use the drawdown chart below to compare losses from any high point for JEGA.AX and JPEQ.AX.

Drawdown Indicators

	JEGA.AX	JPEQ.AX	Difference
Max Drawdown Largest peak-to-trough decline	-17.60%	-18.48%	+0.88%
Max Drawdown (1Y) Largest decline over 1 year	-14.83%	-9.59%	-5.24%
Max Drawdown (3Y) Largest decline over 3 years	—	-18.48%	—
Current Drawdown Current decline from peak	-11.87%	-2.71%	-9.16%
Average Drawdown Average peak-to-trough decline	-5.75%	-2.93%	-2.82%
Ulcer Index Depth and duration of drawdowns from previous peaks	7.17%	3.61%	+3.56%

Volatility

JEGA.AX vs. JPEQ.AX - Volatility Comparison

The current volatility for JPMorgan Global Equity Premium Income Complex ETF (JEGA.AX) is 3.82%, while JPMorgan US 100Q Equity Premium Income Active ETF (JPEQ.AX) has a volatility of 4.03%. This indicates that JEGA.AX experiences smaller price fluctuations and is considered to be less risky than JPEQ.AX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	JEGA.AX	JPEQ.AX	Difference
Volatility (1M) Calculated over the trailing 1-month period	3.82%	4.03%	-0.21%
Volatility (6M) Calculated over the trailing 6-month period	8.46%	8.97%	-0.51%
Volatility (1Y) Calculated over the trailing 1-year period	11.36%	11.77%	-0.41%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	13.08%	15.08%	-2.00%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	13.08%	15.08%	-2.00%

Dividends

JEGA.AX vs. JPEQ.AX - Dividend Comparison

JEGA.AX's dividend yield for the trailing twelve months is around 5.20%, less than JPEQ.AX's 9.04% yield.

Position	TTM	2025	2024	2023
JEGA.AX JPMorgan Global Equity Premium Income Complex ETF	5.20%	6.92%	2.65%	0.00%
JPEQ.AX JPMorgan US 100Q Equity Premium Income Active ETF	9.04%	8.92%	7.99%	4.88%

Frequently Asked Questions

Can I hold both JEGA.AX and JPEQ.AX in my portfolio?

JEGA.AX and JPEQ.AX have a correlation of 0.14, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

What is the main difference between JEGA.AX and JPEQ.AX?

JEGA.AX is categorized as Dividend, while JPEQ.AX is Derivative Income.