VHY.AX vs. JEGA.AX
VHY.AX (Vanguard Australian Shares High Yield ETF) and JEGA.AX (JPMorgan Global Equity Premium Income Complex ETF) are both Dividend funds. VHY.AX is passively managed, while JEGA.AX is actively managed. Over the past year, VHY.AX returned 14.72% vs -6.29% for JEGA.AX. At a 0.13 correlation, their price movements are largely independent.
Performance
VHY.AX vs. JEGA.AX - Performance Comparison
Loading charts...
Returns By Period
In the year-to-date period, VHY.AX achieves a 7.83% return, which is significantly higher than JEGA.AX's -5.91% return.
VHY.AX
- 1D
- -0.20%
- 1M
- -1.13%
- 6M
- 7.42%
- YTD
- 7.83%
- 1Y
- 14.72%
- 3Y*
- 12.80%
- 5Y*
- 9.79%
- 10Y*
- 9.25%
JEGA.AX
- 1D
- -0.33%
- 1M
- 2.19%
- 6M
- -6.45%
- YTD
- -5.91%
- 1Y
- -6.29%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
VHY.AX vs. JEGA.AX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | |
|---|---|---|---|
VHY.AX Vanguard Australian Shares High Yield ETF | 7.83% | 14.77% | 2.76% |
JEGA.AX JPMorgan Global Equity Premium Income Complex ETF | -5.91% | 2.55% | 6.18% |
Correlation
The correlation between VHY.AX and JEGA.AX is 0.22, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.22 |
Correlation (All Time) Calculated using the full available price history since Aug 2, 2024 | 0.13 |
Compare stocks, funds, or ETFs
Search for stocks, ETFs, and funds for a quick comparison or use the comparison tool for more options.
Return for Risk
VHY.AX vs. JEGA.AX — Risk / Return Rank
VHY.AX
JEGA.AX
VHY.AX vs. JEGA.AX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Vanguard Australian Shares High Yield ETF (VHY.AX) and JPMorgan Global Equity Premium Income Complex ETF (JEGA.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.
| VHY.AX | JEGA.AX | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +1.92 | ||
| Sortino ratioReturn per unit of downside risk | +2.71 | ||
| Omega ratioGain probability vs. loss probability | 1.24 | 0.92 | +0.33 |
| Calmar ratioReturn relative to maximum drawdown | 2.92 | -0.42 | +3.34 |
| Martin ratioReturn relative to average drawdown | 6.71 | -0.87 | +7.58 |
Loading charts...
Drawdowns
VHY.AX vs. JEGA.AX - Drawdown Comparison
The maximum VHY.AX drawdown since its inception was -35.54%, which is greater than JEGA.AX's maximum drawdown of -17.60%. Use the drawdown chart below to compare losses from any high point for VHY.AX and JEGA.AX.
Loading charts...
Drawdown Indicators
| VHY.AX | JEGA.AX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -35.54% | -17.60% | -17.94% |
Max Drawdown (1Y)Largest decline over 1 year | -4.84% | -14.83% | +9.99% |
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 | -2.15% | -12.16% | +10.01% |
Average DrawdownAverage peak-to-trough decline | -4.87% | -5.77% | +0.90% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.14% | 7.20% | -5.06% |
Volatility
VHY.AX vs. JEGA.AX - Volatility Comparison
The current volatility for Vanguard Australian Shares High Yield ETF (VHY.AX) is 2.18%, while JPMorgan Global Equity Premium Income Complex ETF (JEGA.AX) has a volatility of 3.84%. This indicates that VHY.AX experiences smaller price fluctuations and is considered to be less risky than JEGA.AX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
Loading charts...
Volatility by Period
| VHY.AX | JEGA.AX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 2.18% | 3.84% | -1.66% |
Volatility (6M)Calculated over the trailing 6-month period | 8.09% | 8.40% | -0.31% |
Volatility (1Y)Calculated over the trailing 1-year period | 10.34% | 11.35% | -1.01% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 12.70% | 13.07% | -0.37% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 14.29% | 13.07% | +1.22% |
Dividends
VHY.AX vs. JEGA.AX - Dividend Comparison
VHY.AX's dividend yield for the trailing twelve months is around 2.77%, less than JEGA.AX's 5.22% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
JEGA.AX JPMorgan Global Equity Premium Income Complex ETF | 5.22% | 6.92% | 2.65% | 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 | 2.77% | 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
VHY.AX and JEGA.AX have a correlation of 0.22, 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: Vanguard and JPMorgan.
Find the right allocation for VHY.AX and JEGA.AX
Add both to a portfolio and optimize allocations for your target — whether that's maximizing returns, minimizing drawdowns, or balancing risk across holdings.
Open Portfolio Optimizer