RDV.AX vs. JHGA.AX
RDV.AX (Russell Investments High Dividend Australian Shares ETF) and JHGA.AX (JPMorgan Global Equity Premium Income (Hedged) Complex ETF) are both Dividend funds. RDV.AX is passively managed, while JHGA.AX is actively managed. Over the past year, RDV.AX returned 7.18% vs -4.30% for JHGA.AX. At a 0.08 correlation, their price movements are largely independent.
Performance
RDV.AX vs. JHGA.AX - Performance Comparison
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Returns By Period
In the year-to-date period, RDV.AX achieves a 4.71% return, which is significantly higher than JHGA.AX's -7.24% return.
RDV.AX
- 1D
- 0.32%
- 1M
- 0.86%
- 6M
- 3.88%
- YTD
- 4.71%
- 1Y
- 7.18%
- 3Y*
- 11.74%
- 5Y*
- 8.38%
- 10Y*
- 7.71%
JHGA.AX
- 1D
- -0.59%
- 1M
- -6.63%
- 6M
- -8.42%
- YTD
- -7.24%
- 1Y
- -4.30%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
RDV.AX vs. JHGA.AX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | |
|---|---|---|---|
RDV.AX Russell Investments High Dividend Australian Shares ETF | 4.71% | 12.55% | 2.83% |
JHGA.AX JPMorgan Global Equity Premium Income (Hedged) Complex ETF | -7.24% | 4.99% | 2.27% |
Correlation
The correlation between RDV.AX and JHGA.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 | 0.08 |
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Return for Risk
RDV.AX vs. JHGA.AX — Risk / Return Rank
RDV.AX
JHGA.AX
RDV.AX vs. JHGA.AX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Russell Investments High Dividend Australian Shares ETF (RDV.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.
| RDV.AX | JHGA.AX | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +1.06 | ||
| Sortino ratioReturn per unit of downside risk | +1.41 | ||
| Omega ratioGain probability vs. loss probability | 1.12 | 0.92 | +0.20 |
| Calmar ratioReturn relative to maximum drawdown | 1.07 | -0.46 | +1.53 |
| Martin ratioReturn relative to average drawdown | 2.02 | -1.26 | +3.28 |
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Drawdowns
RDV.AX vs. JHGA.AX - Drawdown Comparison
The maximum RDV.AX drawdown since its inception was -40.60%, 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 RDV.AX and JHGA.AX.
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Drawdown Indicators
| RDV.AX | JHGA.AX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -40.60% | -12.77% | -27.83% |
Max Drawdown (1Y)Largest decline over 1 year | -6.38% | -12.77% | +6.39% |
Max Drawdown (3Y)Largest decline over 3 years | -10.09% | — | — |
Max Drawdown (5Y)Largest decline over 5 years | -14.71% | — | — |
Max Drawdown (10Y)Largest decline over 10 years | -40.60% | — | — |
Current DrawdownCurrent decline from peak | -1.00% | -11.16% | +10.16% |
Average DrawdownAverage peak-to-trough decline | -5.16% | -3.11% | -2.05% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 3.45% | 4.43% | -0.98% |
Volatility
RDV.AX vs. JHGA.AX - Volatility Comparison
The current volatility for Russell Investments High Dividend Australian Shares ETF (RDV.AX) is 2.11%, while JPMorgan Global Equity Premium Income (Hedged) Complex ETF (JHGA.AX) has a volatility of 7.43%. This indicates that RDV.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
| RDV.AX | JHGA.AX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 2.11% | 7.43% | -5.32% |
Volatility (6M)Calculated over the trailing 6-month period | 8.17% | 10.74% | -2.57% |
Volatility (1Y)Calculated over the trailing 1-year period | 10.41% | 14.79% | -4.38% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 12.19% | 19.28% | -7.09% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 14.78% | 19.28% | -4.50% |
Dividends
RDV.AX vs. JHGA.AX - Dividend Comparison
RDV.AX's dividend yield for the trailing twelve months is around 4.02%, less than JHGA.AX's 7.53% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
JHGA.AX JPMorgan Global Equity Premium Income (Hedged) Complex ETF | 7.53% | 6.13% | 0.52% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
RDV.AX Russell Investments High Dividend Australian Shares ETF | 4.02% | 4.60% | 4.02% | 4.90% | 6.65% | 4.12% | 3.21% | 6.54% | 7.41% | 5.41% | 4.44% | 5.93% |
Frequently Asked Questions
RDV.AX and JHGA.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: Russell and JPMorgan.
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