JHGA.AX vs. SYI.AX
JHGA.AX (JPMorgan Global Equity Premium Income (Hedged) Complex ETF) and SYI.AX (SPDR ETFs Australia - State Street SPDR MSCI Australia Select High Dividend Yield ETF) are both Dividend funds. JHGA.AX is actively managed, while SYI.AX is passively managed. Over the past year, JHGA.AX returned 4.62% vs 13.34% for SYI.AX. At a 0.07 correlation, their price movements are largely independent.
Performance
JHGA.AX vs. SYI.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 SYI.AX's 9.11% return.
JHGA.AX
- 1D
- 0.66%
- 1M
- 1.65%
- 6M
- 0.75%
- YTD
- 1.14%
- 1Y
- 4.62%
- 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%
JHGA.AX vs. SYI.AX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | |
|---|---|---|---|
JHGA.AX JPMorgan Global Equity Premium Income (Hedged) Complex ETF | 1.14% | 4.99% | 2.27% |
SYI.AX SPDR ETFs Australia - State Street SPDR MSCI Australia Select High Dividend Yield ETF | 9.11% | 14.97% | 4.78% |
Correlation
The correlation between JHGA.AX and SYI.AX is 0.19, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.19 |
Correlation (All Time) Calculated using the full available price history since Aug 5, 2024 | 0.07 |
The correlation between JHGA.AX and SYI.AX shifts across timeframes, from 0.07 (all time) to 0.19 (1 year), reflecting how their relationship changes across market environments.
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Return for Risk
JHGA.AX vs. SYI.AX — Risk / Return Rank
JHGA.AX
SYI.AX
JHGA.AX vs. SYI.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 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.
| JHGA.AX | SYI.AX | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.80 | ||
| Sortino ratioReturn per unit of downside risk | -0.98 | ||
| Omega ratioGain probability vs. loss probability | 1.14 | 1.21 | -0.08 |
| Calmar ratioReturn relative to maximum drawdown | 0.57 | 2.06 | -1.49 |
| Martin ratioReturn relative to average drawdown | 1.64 | 4.97 | -3.33 |
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Drawdowns
JHGA.AX vs. SYI.AX - Drawdown Comparison
The maximum JHGA.AX drawdown since its inception was -12.77%, smaller than the maximum SYI.AX drawdown of -36.94%. Use the drawdown chart below to compare losses from any high point for JHGA.AX and SYI.AX.
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Drawdown Indicators
| JHGA.AX | SYI.AX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -12.77% | -36.94% | +24.17% |
Max Drawdown (1Y)Largest decline over 1 year | -12.77% | -6.57% | -6.20% |
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 | -3.13% | -0.43% | -2.70% |
Average DrawdownAverage peak-to-trough decline | -3.03% | -4.99% | +1.96% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 4.27% | 2.75% | +1.52% |
Volatility
JHGA.AX vs. SYI.AX - Volatility Comparison
JPMorgan Global Equity Premium Income (Hedged) Complex ETF (JHGA.AX) has a higher volatility of 10.92% compared to SPDR ETFs Australia - State Street SPDR MSCI Australia Select High Dividend Yield ETF (SYI.AX) at 1.83%. This indicates that JHGA.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
| JHGA.AX | SYI.AX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 10.92% | 1.83% | +9.09% |
Volatility (6M)Calculated over the trailing 6-month period | 13.24% | 8.32% | +4.92% |
Volatility (1Y)Calculated over the trailing 1-year period | 17.51% | 11.17% | +6.34% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 20.72% | 13.98% | +6.74% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 20.72% | 15.69% | +5.03% |
Dividends
JHGA.AX vs. SYI.AX - Dividend Comparison
JHGA.AX's dividend yield for the trailing twelve months is around 15.21%, more than SYI.AX's 7.52% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
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% | 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
JHGA.AX and SYI.AX have a correlation of 0.19, 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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