JHGA.AX vs. VHY.AX
JHGA.AX (JPMorgan Global Equity Premium Income (Hedged) Complex ETF) and VHY.AX (Vanguard Australian Shares High Yield ETF) are both Dividend funds. JHGA.AX is actively managed, while VHY.AX is passively managed. Over the past year, JHGA.AX returned 4.62% vs 15.11% for VHY.AX. At a 0.10 correlation, their price movements are largely independent.
Performance
JHGA.AX vs. VHY.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 VHY.AX's 8.22% return.
JHGA.AX
- 1D
- 0.66%
- 1M
- 1.65%
- 6M
- 0.75%
- YTD
- 1.14%
- 1Y
- 4.62%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
VHY.AX
- 1D
- 0.20%
- 1M
- -0.91%
- 6M
- 9.04%
- YTD
- 8.22%
- 1Y
- 15.11%
- 3Y*
- 12.91%
- 5Y*
- 9.87%
- 10Y*
- 9.28%
JHGA.AX vs. VHY.AX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | |
|---|---|---|---|
JHGA.AX JPMorgan Global Equity Premium Income (Hedged) Complex ETF | 1.14% | 4.99% | 2.27% |
VHY.AX Vanguard Australian Shares High Yield ETF | 8.22% | 14.77% | 4.72% |
Correlation
The correlation between JHGA.AX and VHY.AX is 0.24, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.24 |
Correlation (All Time) Calculated using the full available price history since Aug 5, 2024 | 0.11 |
The correlation between JHGA.AX and VHY.AX shifts across timeframes, from 0.10 (all time) to 0.24 (1 year), reflecting how their relationship changes across market environments.
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Return for Risk
JHGA.AX vs. VHY.AX — Risk / Return Rank
JHGA.AX
VHY.AX
JHGA.AX vs. VHY.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 Vanguard Australian Shares High Yield ETF (VHY.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 | VHY.AX | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -1.07 | ||
| Sortino ratioReturn per unit of downside risk | -1.39 | ||
| Omega ratioGain probability vs. loss probability | 1.14 | 1.27 | -0.13 |
| Calmar ratioReturn relative to maximum drawdown | 0.57 | 3.18 | -2.61 |
| Martin ratioReturn relative to average drawdown | 1.64 | 7.34 | -5.70 |
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Drawdowns
JHGA.AX vs. VHY.AX - Drawdown Comparison
The maximum JHGA.AX drawdown since its inception was -12.77%, smaller than the maximum VHY.AX drawdown of -35.54%. Use the drawdown chart below to compare losses from any high point for JHGA.AX and VHY.AX.
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Drawdown Indicators
| JHGA.AX | VHY.AX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -12.77% | -35.54% | +22.77% |
Max Drawdown (1Y)Largest decline over 1 year | -12.77% | -4.84% | -7.93% |
Max Drawdown (3Y)Largest decline over 3 years | — | -11.68% | — |
Max Drawdown (5Y)Largest decline over 5 years | — | -14.41% | — |
Max Drawdown (10Y)Largest decline over 10 years | — | -35.54% | — |
Current DrawdownCurrent decline from peak | -3.13% | -1.80% | -1.33% |
Average DrawdownAverage peak-to-trough decline | -3.03% | -4.87% | +1.84% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 4.27% | 2.14% | +2.13% |
Volatility
JHGA.AX vs. VHY.AX - Volatility Comparison
JPMorgan Global Equity Premium Income (Hedged) Complex ETF (JHGA.AX) has a higher volatility of 10.92% compared to Vanguard Australian Shares High Yield ETF (VHY.AX) at 2.23%. This indicates that JHGA.AX's price experiences larger fluctuations and is considered to be riskier than VHY.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 | VHY.AX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 10.92% | 2.23% | +8.69% |
Volatility (6M)Calculated over the trailing 6-month period | 13.24% | 8.14% | +5.10% |
Volatility (1Y)Calculated over the trailing 1-year period | 17.51% | 10.37% | +7.14% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 20.72% | 12.70% | +8.02% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 20.72% | 14.30% | +6.42% |
Dividends
JHGA.AX vs. VHY.AX - Dividend Comparison
JHGA.AX's dividend yield for the trailing twelve months is around 15.21%, more than VHY.AX's 2.76% 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% |
VHY.AX Vanguard Australian Shares High Yield ETF | 2.76% | 8.37% | 2.92% | 3.73% | 5.02% | 4.84% | 3.54% | 5.35% | 7.81% | 5.69% | 3.84% | 6.40% |
Frequently Asked Questions
JHGA.AX and VHY.AX have a correlation of 0.24, 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 Vanguard.
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