JHGA.AX vs. WDIV.AX
JHGA.AX (JPMorgan Global Equity Premium Income (Hedged) Complex ETF) and WDIV.AX (SPDR ETFs Australia - State Street SPDR S&P Global Dividend ETF) are both Dividend funds. JHGA.AX is actively managed, while WDIV.AX is passively managed. Over the past year, JHGA.AX returned 4.62% vs 12.96% for WDIV.AX. At a 0.10 correlation, their price movements are largely independent.
Performance
JHGA.AX vs. WDIV.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 WDIV.AX's 6.44% return.
JHGA.AX
- 1D
- 0.66%
- 1M
- 1.65%
- 6M
- 0.75%
- YTD
- 1.14%
- 1Y
- 4.62%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
WDIV.AX
- 1D
- 0.47%
- 1M
- 1.59%
- 6M
- 5.52%
- YTD
- 6.44%
- 1Y
- 12.96%
- 3Y*
- 15.59%
- 5Y*
- 9.61%
- 10Y*
- 7.87%
JHGA.AX vs. WDIV.AX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | |
|---|---|---|---|
JHGA.AX JPMorgan Global Equity Premium Income (Hedged) Complex ETF | 1.14% | 4.99% | 2.27% |
WDIV.AX SPDR ETFs Australia - State Street SPDR S&P Global Dividend ETF | 6.44% | 19.30% | 4.84% |
Correlation
The correlation between JHGA.AX and WDIV.AX is 0.18, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.18 |
Correlation (All Time) Calculated using the full available price history since Aug 5, 2024 | 0.10 |
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Return for Risk
JHGA.AX vs. WDIV.AX — Risk / Return Rank
JHGA.AX
WDIV.AX
JHGA.AX vs. WDIV.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 S&P Global Dividend ETF (WDIV.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 | WDIV.AX | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.74 | ||
| Sortino ratioReturn per unit of downside risk | -1.03 | ||
| Omega ratioGain probability vs. loss probability | 1.14 | 1.24 | -0.10 |
| Calmar ratioReturn relative to maximum drawdown | 0.57 | 1.72 | -1.15 |
| Martin ratioReturn relative to average drawdown | 1.64 | 4.90 | -3.26 |
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Drawdowns
JHGA.AX vs. WDIV.AX - Drawdown Comparison
The maximum JHGA.AX drawdown since its inception was -12.77%, smaller than the maximum WDIV.AX drawdown of -32.49%. Use the drawdown chart below to compare losses from any high point for JHGA.AX and WDIV.AX.
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Drawdown Indicators
| JHGA.AX | WDIV.AX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -12.77% | -32.49% | +19.72% |
Max Drawdown (1Y)Largest decline over 1 year | -12.77% | -7.29% | -5.48% |
Max Drawdown (3Y)Largest decline over 3 years | — | -7.29% | — |
Max Drawdown (5Y)Largest decline over 5 years | — | -10.93% | — |
Max Drawdown (10Y)Largest decline over 10 years | — | -32.49% | — |
Current DrawdownCurrent decline from peak | -3.13% | 0.00% | -3.13% |
Average DrawdownAverage peak-to-trough decline | -3.03% | -5.10% | +2.07% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 4.27% | 2.59% | +1.68% |
Volatility
JHGA.AX vs. WDIV.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 S&P Global Dividend ETF (WDIV.AX) at 2.65%. This indicates that JHGA.AX's price experiences larger fluctuations and is considered to be riskier than WDIV.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 | WDIV.AX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 10.92% | 2.65% | +8.27% |
Volatility (6M)Calculated over the trailing 6-month period | 13.24% | 7.21% | +6.03% |
Volatility (1Y)Calculated over the trailing 1-year period | 17.51% | 10.81% | +6.70% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 20.72% | 10.22% | +10.50% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 20.72% | 12.00% | +8.72% |
Dividends
JHGA.AX vs. WDIV.AX - Dividend Comparison
JHGA.AX's dividend yield for the trailing twelve months is around 15.21%, more than WDIV.AX's 10.47% 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% |
WDIV.AX SPDR ETFs Australia - State Street SPDR S&P Global Dividend ETF | 10.47% | 7.31% | 2.90% | 4.72% | 4.45% | 4.11% | 5.81% | 4.95% | 7.54% | 3.96% | 3.92% | 8.97% |
Frequently Asked Questions
JHGA.AX and WDIV.AX have a correlation of 0.18, 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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