JHGA.AX vs. JPEQ.AX
JHGA.AX (JPMorgan Global Equity Premium Income (Hedged) Complex ETF) and JPEQ.AX (JPMorgan US 100Q Equity Premium Income Active ETF) are both exchange-traded funds - JHGA.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, JHGA.AX returned 4.62% vs 12.33% for JPEQ.AX. At a 0.06 correlation, their price movements are largely independent.
Performance
JHGA.AX vs. JPEQ.AX - Performance Comparison
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Returns By Period
In the year-to-date period, JHGA.AX achieves a 1.14% return, which is significantly lower than JPEQ.AX's 2.72% return.
JHGA.AX
- 1D
- 0.66%
- 1M
- 1.65%
- 6M
- 0.75%
- YTD
- 1.14%
- 1Y
- 4.62%
- 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*
- —
JHGA.AX vs. JPEQ.AX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | |
|---|---|---|---|
JHGA.AX JPMorgan Global Equity Premium Income (Hedged) Complex ETF | 1.14% | 4.99% | 2.27% |
JPEQ.AX JPMorgan US 100Q Equity Premium Income Active ETF | 2.72% | 4.54% | 21.75% |
Correlation
The correlation between JHGA.AX and JPEQ.AX is 0.09, meaning there is essentially no relationship between their price movements. Each responds to its own set of market drivers, making them strong candidates for combining in a diversified portfolio.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.09 |
Correlation (All Time) Calculated using the full available price history since Aug 5, 2024 | 0.06 |
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Return for Risk
JHGA.AX vs. JPEQ.AX — Risk / Return Rank
JHGA.AX
JPEQ.AX
JHGA.AX vs. JPEQ.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 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.
| JHGA.AX | JPEQ.AX | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.64 | ||
| Sortino ratioReturn per unit of downside risk | -0.75 | ||
| Omega ratioGain probability vs. loss probability | 1.14 | 1.19 | -0.05 |
| Calmar ratioReturn relative to maximum drawdown | 0.57 | 1.30 | -0.73 |
| Martin ratioReturn relative to average drawdown | 1.64 | 3.47 | -1.83 |
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Drawdowns
JHGA.AX vs. JPEQ.AX - Drawdown Comparison
The maximum JHGA.AX drawdown since its inception was -12.77%, smaller than the maximum JPEQ.AX drawdown of -18.48%. Use the drawdown chart below to compare losses from any high point for JHGA.AX and JPEQ.AX.
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Drawdown Indicators
| JHGA.AX | JPEQ.AX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -12.77% | -18.48% | +5.71% |
Max Drawdown (1Y)Largest decline over 1 year | -12.77% | -9.59% | -3.18% |
Max Drawdown (3Y)Largest decline over 3 years | — | -18.48% | — |
Current DrawdownCurrent decline from peak | -3.13% | -2.71% | -0.42% |
Average DrawdownAverage peak-to-trough decline | -3.03% | -2.93% | -0.10% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 4.27% | 3.61% | +0.66% |
Volatility
JHGA.AX vs. JPEQ.AX - Volatility Comparison
JPMorgan Global Equity Premium Income (Hedged) Complex ETF (JHGA.AX) has a higher volatility of 10.92% compared to JPMorgan US 100Q Equity Premium Income Active ETF (JPEQ.AX) at 4.03%. This indicates that JHGA.AX's price experiences larger fluctuations and is considered to be riskier than JPEQ.AX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| JHGA.AX | JPEQ.AX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 10.92% | 4.03% | +6.89% |
Volatility (6M)Calculated over the trailing 6-month period | 13.24% | 8.97% | +4.27% |
Volatility (1Y)Calculated over the trailing 1-year period | 17.51% | 11.77% | +5.74% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 20.72% | 15.08% | +5.64% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 20.72% | 15.08% | +5.64% |
Dividends
JHGA.AX vs. JPEQ.AX - Dividend Comparison
JHGA.AX's dividend yield for the trailing twelve months is around 15.21%, more than JPEQ.AX's 9.04% yield.
| Position | TTM | 2025 | 2024 | 2023 |
|---|---|---|---|---|
JHGA.AX JPMorgan Global Equity Premium Income (Hedged) Complex ETF | 15.21% | 6.13% | 0.52% | 0.00% |
JPEQ.AX JPMorgan US 100Q Equity Premium Income Active ETF | 9.04% | 8.92% | 7.99% | 4.88% |
Frequently Asked Questions
JHGA.AX and JPEQ.AX have a correlation of 0.09, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
JHGA.AX is categorized as Dividend, while JPEQ.AX is Derivative Income.
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