JPEQ.AX vs. JHGA.AX
JPEQ.AX (JPMorgan US 100Q Equity Premium Income Active ETF) and JHGA.AX (JPMorgan Global Equity Premium Income (Hedged) Complex ETF) are both exchange-traded funds - JPEQ.AX is a Derivative Income fund actively managed by JPMorgan, while JHGA.AX is a Dividend fund actively managed by JPMorgan. Both are actively managed. Over the past year, JPEQ.AX returned 12.33% vs 4.62% for JHGA.AX. At a 0.06 correlation, their price movements are largely independent.
Performance
JPEQ.AX vs. JHGA.AX - Performance Comparison
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Returns By Period
In the year-to-date period, JPEQ.AX achieves a 2.72% return, which is significantly higher than JHGA.AX's 1.14% return.
JPEQ.AX
- 1D
- -1.17%
- 1M
- 1.52%
- 6M
- 1.64%
- YTD
- 2.72%
- 1Y
- 12.33%
- 3Y*
- 16.43%
- 5Y*
- —
- 10Y*
- —
JHGA.AX
- 1D
- 0.66%
- 1M
- 1.65%
- 6M
- 0.75%
- YTD
- 1.14%
- 1Y
- 4.62%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
JPEQ.AX vs. JHGA.AX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | |
|---|---|---|---|
JPEQ.AX JPMorgan US 100Q Equity Premium Income Active ETF | 2.72% | 4.54% | 21.75% |
JHGA.AX JPMorgan Global Equity Premium Income (Hedged) Complex ETF | 1.14% | 4.99% | 2.27% |
Correlation
The correlation between JPEQ.AX and JHGA.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
JPEQ.AX vs. JHGA.AX — Risk / Return Rank
JPEQ.AX
JHGA.AX
JPEQ.AX vs. JHGA.AX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for JPMorgan US 100Q Equity Premium Income Active ETF (JPEQ.AX) and JPMorgan Global Equity Premium Income (Hedged) Complex ETF (JHGA.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.
| JPEQ.AX | JHGA.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 | 1.19 | 1.14 | +0.05 |
| Calmar ratioReturn relative to maximum drawdown | 1.30 | 0.57 | +0.73 |
| Martin ratioReturn relative to average drawdown | 3.47 | 1.64 | +1.83 |
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Drawdowns
JPEQ.AX vs. JHGA.AX - Drawdown Comparison
The maximum JPEQ.AX drawdown since its inception was -18.48%, which is greater than JHGA.AX's maximum drawdown of -12.77%. Use the drawdown chart below to compare losses from any high point for JPEQ.AX and JHGA.AX.
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Drawdown Indicators
| JPEQ.AX | JHGA.AX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -18.48% | -12.77% | -5.71% |
Max Drawdown (1Y)Largest decline over 1 year | -9.59% | -12.77% | +3.18% |
Max Drawdown (3Y)Largest decline over 3 years | -18.48% | — | — |
Current DrawdownCurrent decline from peak | -2.71% | -3.13% | +0.42% |
Average DrawdownAverage peak-to-trough decline | -2.93% | -3.03% | +0.10% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 3.61% | 4.27% | -0.66% |
Volatility
JPEQ.AX vs. JHGA.AX - Volatility Comparison
The current volatility for JPMorgan US 100Q Equity Premium Income Active ETF (JPEQ.AX) is 4.03%, while JPMorgan Global Equity Premium Income (Hedged) Complex ETF (JHGA.AX) has a volatility of 10.92%. This indicates that JPEQ.AX experiences smaller price fluctuations and is considered to be less risky than JHGA.AX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| JPEQ.AX | JHGA.AX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 4.03% | 10.92% | -6.89% |
Volatility (6M)Calculated over the trailing 6-month period | 8.97% | 13.24% | -4.27% |
Volatility (1Y)Calculated over the trailing 1-year period | 11.77% | 17.51% | -5.74% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 15.08% | 20.72% | -5.64% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 15.08% | 20.72% | -5.64% |
Dividends
JPEQ.AX vs. JHGA.AX - Dividend Comparison
JPEQ.AX's dividend yield for the trailing twelve months is around 9.04%, less than JHGA.AX's 15.21% 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
JPEQ.AX and JHGA.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.
JPEQ.AX is categorized as Derivative Income, while JHGA.AX is Dividend.
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