JEGA.AX vs. RARI.AX

Last updated Aug 1, 2026

JEGA.AX (JPMorgan Global Equity Premium Income Complex ETF) and RARI.AX (Russell Investments Australian Responsible Investment ETF) are both exchange-traded funds - JEGA.AX is a Dividend fund actively managed by JPMorgan, while RARI.AX is a Australia Equities fund tracking the Russell Australia ESG High Dividend Index. JEGA.AX is actively managed, while RARI.AX is passively managed. Over the past year, JEGA.AX returned -4.08% vs 1.21% for RARI.AX. Their 0.19 correlation means their historical movements had little consistent relationship. JEGA.AX charges 0.40%/yr vs 0.45%/yr for RARI.AX.

Performance

JEGA.AX vs. RARI.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 Russell Investments Australian Responsible Investment ETF (RARI.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 -4.08% return, which is significantly lower than RARI.AX's -0.02% return.

JEGA.AX

• 1D: -1.22%
• 1M: 0.96%
• 6M: 0.09%
• YTD: -4.08%
• 1Y: -4.08%
• 3Y*: —
• 5Y*: —
• 10Y*: —
• ALL TIME*: 2.21%

RARI.AX

• 1D: -0.10%
• 1M: 1.62%
• 6M: 0.53%
• YTD: -0.02%
• 1Y: 1.21%
• 3Y*: 10.01%
• 5Y*: 7.13%
• 10Y*: 7.36%
• ALL TIME*: 6.59%

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

Liquidity Comparison

Position	Avg. Volume Value (2W)	Avg. Volume Value (1M)	Avg. Volume Value (3M)
JEGA.AX JPMorgan Global Equity Premium Income Complex ETF	A$36.35K	A$45.88K	A$72.08K
RARI.AX Russell Investments Australian Responsible Investment ETF	A$460.99K	A$409.66K	A$208.43K

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

	2026 (YTD)	2025	2024
JEGA.AX JPMorgan Global Equity Premium Income Complex ETF	-4.08%	2.55%	6.18%
RARI.AX Russell Investments Australian Responsible Investment ETF	-0.02%	10.72%	3.67%

Correlation

The correlation between JEGA.AX and RARI.AX is 0.26, which is low. Their historical price movements had little consistent relationship.

	Correlation
Correlation (1Y) Focuses on recent behavior, but can change the most.	0.26
Correlation (All Time) Calculated using the full available price history since Aug 2, 2024	0.19

Return for Risk

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

Compare historical risk-adjusted metric ranks over the past 12 months.

JEGA.AX

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

RARI.AX

RARI.AX Risk / Return Rank: 11
RARI.AX Sharpe Ratio Rank: 12
RARI.AX Sortino Ratio Rank: 11
RARI.AX Omega Ratio Rank: 11
RARI.AX Calmar Ratio Rank: 12
RARI.AX Martin Ratio Rank: 11

The rank (0–100) uses a weighted average of the Sharpe, Sortino, Omega, Calmar, and Martin percentile ranks for the trailing 12 months. Higher means stronger historical risk-adjusted performance within the peer group.

JEGA.AX vs. RARI.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 Russell Investments Australian Responsible Investment ETF (RARI.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	RARI.AX	Difference
Sharpe ratio: Return per unit of total volatility	-0.40	0.03	-0.43
Sortino ratio: Return per unit of downside risk	-0.50	0.13	-0.63
Omega ratio: Gain probability vs. loss probability	0.94	1.02	-0.07
Calmar ratio: Return relative to maximum drawdown	-0.31	0.03	-0.34
Martin ratio: Return relative to average drawdown	-0.62	0.06	-0.67

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

The current JEGA.AX Sharpe Ratio is -0.40, which is lower than the RARI.AX Sharpe Ratio of 0.03. The chart below compares the historical Sharpe Ratios of JEGA.AX and RARI.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. RARI.AX - Drawdown Comparison

The maximum JEGA.AX drawdown since its inception was -17.60%, smaller than the maximum RARI.AX drawdown of -38.54%. Use the drawdown chart below to compare losses from any high point for JEGA.AX and RARI.AX.

Drawdown Indicators

	JEGA.AX	RARI.AX	Difference
Max Drawdown Largest peak-to-trough decline	-17.60%	-38.54%	+20.94%
Max Drawdown (1Y) Largest decline over 1 year	-14.83%	-11.77%	-3.06%
Max Drawdown (3Y) Largest decline over 3 years	—	-11.77%	—
Max Drawdown (5Y) Largest decline over 5 years	—	-15.93%	—
Max Drawdown (10Y) Largest decline over 10 years	—	-38.54%	—
Current Drawdown Current decline from peak	-10.46%	-5.78%	-4.68%
Average Drawdown Average peak-to-trough decline	-5.87%	-5.40%	-0.47%
Ulcer Index Depth and duration of drawdowns from previous peaks	7.39%	6.74%	+0.65%

Volatility

JEGA.AX vs. RARI.AX - Volatility Comparison

The current volatility for JPMorgan Global Equity Premium Income Complex ETF (JEGA.AX) is 3.03%, while Russell Investments Australian Responsible Investment ETF (RARI.AX) has a volatility of 3.67%. This indicates that JEGA.AX experiences smaller price fluctuations and is considered to be less risky than RARI.AX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	JEGA.AX	RARI.AX	Difference
Volatility (1M) Calculated over the trailing 1-month period	3.03%	3.67%	-0.64%
Volatility (6M) Calculated over the trailing 6-month period	8.19%	10.39%	-2.20%
Volatility (1Y) Calculated over the trailing 1-year period	11.39%	12.94%	-1.55%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	13.06%	13.39%	-0.33%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	13.06%	14.71%	-1.65%

JEGA.AX vs. RARI.AX - Expense Ratio Comparison

JEGA.AX has a 0.40% expense ratio, which is lower than RARI.AX's 0.45% expense ratio.

Dividends

JEGA.AX vs. RARI.AX - Dividend Comparison

JEGA.AX's dividend yield for the trailing twelve months is around 5.12%, less than RARI.AX's 5.69% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
JEGA.AX JPMorgan Global Equity Premium Income Complex ETF	5.12%	6.92%	2.65%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
RARI.AX Russell Investments Australian Responsible Investment ETF	5.69%	4.29%	3.36%	3.86%	3.64%	3.47%	3.86%	8.64%	6.51%	5.30%	5.47%	3.05%

Frequently Asked Questions

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

JEGA.AX and RARI.AX have a correlation of 0.26, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which ETF is better, JEGA.AX or RARI.AX?

On fees, JEGA.AX is cheaper at 0.40% per year. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF is cheaper, JEGA.AX or RARI.AX?

JEGA.AX is cheaper with a 0.40% expense ratio, compared with 0.45% for RARI.AX.

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

JEGA.AX is categorized as Dividend, while RARI.AX is Australia Equities. They also come from different issuers: JPMorgan and Russell. Their fees differ too: 0.40% for JEGA.AX and 0.45% for RARI.AX.