JHGA.AX vs. INCM.AX
JHGA.AX (JPMorgan Global Equity Premium Income (Hedged) Complex ETF) and INCM.AX (Betashares S&P Global High Dividend Aristocrats ETF) are both Dividend funds. JHGA.AX is actively managed, while INCM.AX is passively managed. Over the past year, JHGA.AX returned 4.62% vs 13.25% for INCM.AX. At a 0.08 correlation, their price movements are largely independent.
Performance
JHGA.AX vs. INCM.AX - Performance Comparison
Loading charts...
Returns By Period
In the year-to-date period, JHGA.AX achieves a 1.14% return, which is significantly lower than INCM.AX's 5.20% return.
JHGA.AX
- 1D
- 0.66%
- 1M
- 1.65%
- 6M
- 0.75%
- YTD
- 1.14%
- 1Y
- 4.62%
- 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*
- —
JHGA.AX vs. INCM.AX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | |
|---|---|---|---|
JHGA.AX JPMorgan Global Equity Premium Income (Hedged) Complex ETF | 1.14% | 4.99% | 2.27% |
INCM.AX Betashares S&P Global High Dividend Aristocrats ETF | 5.20% | 12.81% | 7.75% |
Correlation
The correlation between JHGA.AX and INCM.AX is 0.11, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.11 |
Correlation (All Time) Calculated using the full available price history since Aug 5, 2024 | 0.08 |
Compare stocks, funds, or ETFs
Search for stocks, ETFs, and funds for a quick comparison or use the comparison tool for more options.
Return for Risk
JHGA.AX vs. INCM.AX — Risk / Return Rank
JHGA.AX
INCM.AX
JHGA.AX vs. INCM.AX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for JPMorgan Global Equity Premium Income (Hedged) Complex ETF (JHGA.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.
| JHGA.AX | INCM.AX | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -1.18 | ||
| Sortino ratioReturn per unit of downside risk | -1.56 | ||
| Omega ratioGain probability vs. loss probability | 1.14 | 1.29 | -0.15 |
| Calmar ratioReturn relative to maximum drawdown | 0.57 | 1.80 | -1.23 |
| Martin ratioReturn relative to average drawdown | 1.64 | 4.94 | -3.30 |
Loading charts...
Drawdowns
JHGA.AX vs. INCM.AX - Drawdown Comparison
The maximum JHGA.AX drawdown since its inception was -12.77%, smaller than the maximum INCM.AX drawdown of -35.00%. Use the drawdown chart below to compare losses from any high point for JHGA.AX and INCM.AX.
Loading charts...
Drawdown Indicators
| JHGA.AX | INCM.AX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -12.77% | -35.00% | +22.23% |
Max Drawdown (1Y)Largest decline over 1 year | -12.77% | -7.73% | -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 | -3.13% | -1.04% | -2.09% |
Average DrawdownAverage peak-to-trough decline | -3.03% | -6.90% | +3.87% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 4.27% | 2.86% | +1.41% |
Volatility
JHGA.AX vs. INCM.AX - Volatility Comparison
JPMorgan Global Equity Premium Income (Hedged) Complex ETF (JHGA.AX) has a higher volatility of 10.92% compared to Betashares S&P Global High Dividend Aristocrats ETF (INCM.AX) at 2.57%. This indicates that JHGA.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.
Loading charts...
Volatility by Period
| JHGA.AX | INCM.AX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 10.92% | 2.57% | +8.35% |
Volatility (6M)Calculated over the trailing 6-month period | 13.24% | 6.74% | +6.50% |
Volatility (1Y)Calculated over the trailing 1-year period | 17.51% | 8.79% | +8.72% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 20.72% | 11.87% | +8.85% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 20.72% | 14.65% | +6.07% |
Dividends
JHGA.AX vs. INCM.AX - Dividend Comparison
JHGA.AX's dividend yield for the trailing twelve months is around 15.21%, 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% |
JHGA.AX JPMorgan Global Equity Premium Income (Hedged) Complex ETF | 15.21% | 6.13% | 0.52% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
Frequently Asked Questions
JHGA.AX and INCM.AX have a correlation of 0.11, 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.
Find the right allocation for JHGA.AX and INCM.AX
Add both to a portfolio and optimize allocations for your target — whether that's maximizing returns, minimizing drawdowns, or balancing risk across holdings.
Open Portfolio Optimizer