JEGA.AX vs. SYI.AX
JEGA.AX (JPMorgan Global Equity Premium Income Complex ETF) and SYI.AX (SPDR ETFs Australia - State Street SPDR MSCI Australia Select High Dividend Yield ETF) are both Dividend funds. JEGA.AX is actively managed, while SYI.AX is passively managed. Over the past year, JEGA.AX returned -5.03% vs 13.34% for SYI.AX. At a 0.14 correlation, their price movements are largely independent.
Performance
JEGA.AX vs. SYI.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 SYI.AX's 9.11% return.
JEGA.AX
- 1D
- 0.49%
- 1M
- 2.12%
- 6M
- -4.93%
- YTD
- -5.60%
- 1Y
- -5.03%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
SYI.AX
- 1D
- 0.26%
- 1M
- 2.35%
- 6M
- 9.64%
- YTD
- 9.11%
- 1Y
- 13.34%
- 3Y*
- 12.29%
- 5Y*
- 9.39%
- 10Y*
- 8.84%
JEGA.AX vs. SYI.AX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | |
|---|---|---|---|
JEGA.AX JPMorgan Global Equity Premium Income Complex ETF | -5.60% | 2.55% | 6.18% |
SYI.AX SPDR ETFs Australia - State Street SPDR MSCI Australia Select High Dividend Yield ETF | 9.11% | 14.97% | 2.57% |
Correlation
The correlation between JEGA.AX and SYI.AX is 0.29, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.29 |
Correlation (All Time) Calculated using the full available price history since Aug 2, 2024 | 0.14 |
The correlation between JEGA.AX and SYI.AX shifts across timeframes, from 0.14 (all time) to 0.29 (1 year), reflecting how their relationship changes across market environments.
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Return for Risk
JEGA.AX vs. SYI.AX — Risk / Return Rank
JEGA.AX
SYI.AX
JEGA.AX vs. SYI.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 SPDR ETFs Australia - State Street SPDR MSCI Australia Select High Dividend Yield ETF (SYI.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 | SYI.AX | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -1.61 | ||
| Sortino ratioReturn per unit of downside risk | -2.25 | ||
| Omega ratioGain probability vs. loss probability | 0.94 | 1.21 | -0.27 |
| Calmar ratioReturn relative to maximum drawdown | -0.31 | 2.06 | -2.37 |
| Martin ratioReturn relative to average drawdown | -0.63 | 4.97 | -5.60 |
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Drawdowns
JEGA.AX vs. SYI.AX - Drawdown Comparison
The maximum JEGA.AX drawdown since its inception was -17.60%, smaller than the maximum SYI.AX drawdown of -36.94%. Use the drawdown chart below to compare losses from any high point for JEGA.AX and SYI.AX.
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Drawdown Indicators
| JEGA.AX | SYI.AX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -17.60% | -36.94% | +19.34% |
Max Drawdown (1Y)Largest decline over 1 year | -14.83% | -6.57% | -8.26% |
Max Drawdown (3Y)Largest decline over 3 years | — | -11.03% | — |
Max Drawdown (5Y)Largest decline over 5 years | — | -15.72% | — |
Max Drawdown (10Y)Largest decline over 10 years | — | -36.94% | — |
Current DrawdownCurrent decline from peak | -11.87% | -0.43% | -11.44% |
Average DrawdownAverage peak-to-trough decline | -5.75% | -4.99% | -0.76% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 7.17% | 2.75% | +4.42% |
Volatility
JEGA.AX vs. SYI.AX - Volatility Comparison
JPMorgan Global Equity Premium Income Complex ETF (JEGA.AX) has a higher volatility of 3.82% compared to SPDR ETFs Australia - State Street SPDR MSCI Australia Select High Dividend Yield ETF (SYI.AX) at 1.83%. This indicates that JEGA.AX's price experiences larger fluctuations and is considered to be riskier than SYI.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 | SYI.AX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 3.82% | 1.83% | +1.99% |
Volatility (6M)Calculated over the trailing 6-month period | 8.46% | 8.32% | +0.14% |
Volatility (1Y)Calculated over the trailing 1-year period | 11.36% | 11.17% | +0.19% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 13.08% | 13.98% | -0.90% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 13.08% | 15.69% | -2.61% |
Dividends
JEGA.AX vs. SYI.AX - Dividend Comparison
JEGA.AX's dividend yield for the trailing twelve months is around 5.20%, less than SYI.AX's 7.52% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
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% | 0.00% | 0.00% | 0.00% | 0.00% |
SYI.AX SPDR ETFs Australia - State Street SPDR MSCI Australia Select High Dividend Yield ETF | 7.52% | 12.66% | 4.59% | 4.98% | 16.04% | 5.05% | 3.01% | 6.48% | 6.40% | 4.92% | 4.42% | 6.59% |
Frequently Asked Questions
JEGA.AX and SYI.AX have a correlation of 0.29, 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 SPDR.
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