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ZYAU.AX vs. JEGA.AX
Performance
Return for Risk
Drawdowns
Volatility
Dividends

ZYAU.AX vs. JEGA.AX

Last updated Jul 18, 2026
Documentation

ZYAU.AX (Global X S&P/ASX 200 High Dividend ETF) and JEGA.AX (JPMorgan Global Equity Premium Income Complex ETF) are both Dividend funds. ZYAU.AX is passively managed, while JEGA.AX is actively managed. Over the past year, ZYAU.AX returned 16.87% vs -6.29% for JEGA.AX. At a 0.14 correlation, their price movements are largely independent.

Performance

ZYAU.AX vs. JEGA.AX - Performance Comparison

The chart below illustrates the hypothetical performance of a A$10,000 investment in Global X S&P/ASX 200 High Dividend ETF (ZYAU.AX) and JPMorgan Global Equity Premium Income Complex ETF (JEGA.AX). The values are adjusted to include any dividend payments, if applicable.

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Returns By Period

In the year-to-date period, ZYAU.AX achieves a 7.61% return, which is significantly higher than JEGA.AX's -5.91% return.

ZYAU.AX

1D
0.10%
1M
-0.92%
6M
6.29%
YTD
7.61%
1Y
16.87%
3Y*
14.79%
5Y*
7.90%
10Y*
8.55%

JEGA.AX

1D
-0.33%
1M
2.19%
6M
-6.45%
YTD
-5.91%
1Y
-6.29%
3Y*
—
5Y*
—
10Y*
—
*Multi-year figures are annualized to reflect compound growth (CAGR)

ZYAU.AX vs. JEGA.AX - Yearly Performance Comparison

2026 (YTD)20252024
ZYAU.AX
Global X S&P/ASX 200 High Dividend ETF		7.61%16.65%2.10%
JEGA.AX
JPMorgan Global Equity Premium Income Complex ETF		-5.91%2.55%6.18%

Correlation

The correlation between ZYAU.AX and JEGA.AX is 0.23, which is low. Their price movements are largely independent, making them effective diversification partners.

Correlation
Correlation (1Y)
Calculated over the trailing 1-year period

0.23

Correlation (All Time)
Calculated using the full available price history since Aug 2, 2024

0.14

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Global X S&P/ASX 200 High Dividend ETF

JPMorgan Global Equity Premium Income Complex ETF

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Often compared with JEGA.AX:
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Return for Risk

ZYAU.AX vs. JEGA.AX — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.
ZYAU.AX
ZYAU.AX Risk / Return Rank: 6060
Overall Rank
ZYAU.AX Sharpe Ratio Rank: 5757
Sharpe Ratio Rank
ZYAU.AX Sortino Ratio Rank: 5757
Sortino Ratio Rank
ZYAU.AX Omega Ratio Rank: 5454
Omega Ratio Rank
ZYAU.AX Calmar Ratio Rank: 8080
Calmar Ratio Rank
ZYAU.AX Martin Ratio Rank: 5454
Martin Ratio Rank
JEGA.AX
JEGA.AX Risk / Return Rank: 55
Overall Rank
JEGA.AX Sharpe Ratio Rank: 55
Sharpe Ratio Rank
JEGA.AX Sortino Ratio Rank: 55
Sortino Ratio Rank
JEGA.AX Omega Ratio Rank: 55
Omega Ratio Rank
JEGA.AX Calmar Ratio Rank: 66
Calmar Ratio Rank
JEGA.AX Martin Ratio Rank: 66
Martin Ratio Rank
The rank (0–100) shows how this investment's returns compare to the risk taken. Higher = better. Based on the past 12 months of data, combining Sharpe, Sortino, and other metrics used by quantitative funds and institutional investors.

ZYAU.AX vs. JEGA.AX - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Global X S&P/ASX 200 High Dividend ETF (ZYAU.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.

ZYAU.AXJEGA.AXDifference
Sharpe ratioReturn per unit of total volatility
1.44
-0.56

+2.00

Sortino ratioReturn per unit of downside risk
2.07
-0.72

+2.79

Omega ratioGain probability vs. loss probability

1.25

0.92

+0.34

Calmar ratioReturn relative to maximum drawdown

3.07

-0.42

+3.49

Martin ratioReturn relative to average drawdown

6.82

-0.87

+7.70

ZYAU.AX vs. JEGA.AX - Sharpe Ratio Comparison

The current ZYAU.AX Sharpe Ratio is 1.44, which is higher than the JEGA.AX Sharpe Ratio of -0.56. The chart below compares the historical Sharpe Ratios of ZYAU.AX and JEGA.AX, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

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Drawdowns

ZYAU.AX vs. JEGA.AX - Drawdown Comparison

The maximum ZYAU.AX drawdown since its inception was -41.40%, 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 ZYAU.AX and JEGA.AX.

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Drawdown Indicators

ZYAU.AXJEGA.AXDifference

Max Drawdown

Largest peak-to-trough decline

-41.40%

-17.60%

-23.80%

Max Drawdown (1Y)

Largest decline over 1 year

-5.27%

-14.83%

+9.56%

Max Drawdown (3Y)

Largest decline over 3 years

-11.67%

—

—

Max Drawdown (5Y)

Largest decline over 5 years

-20.11%

—

—

Max Drawdown (10Y)

Largest decline over 10 years

-41.40%

—

—

Current Drawdown

Current decline from peak

-2.42%

-12.16%

+9.74%

Average Drawdown

Average peak-to-trough decline

-5.83%

-5.77%

-0.06%

Ulcer Index

Depth and duration of drawdowns from previous peaks

2.41%

7.20%

-4.79%

Volatility

ZYAU.AX vs. JEGA.AX - Volatility Comparison

The current volatility for Global X S&P/ASX 200 High Dividend ETF (ZYAU.AX) is 1.86%, while JPMorgan Global Equity Premium Income Complex ETF (JEGA.AX) has a volatility of 3.84%. This indicates that ZYAU.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.

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Volatility by Period

ZYAU.AXJEGA.AXDifference

Volatility (1M)

Calculated over the trailing 1-month period

1.86%

3.84%

-1.98%

Volatility (6M)

Calculated over the trailing 6-month period

8.45%

8.40%

+0.05%

Volatility (1Y)

Calculated over the trailing 1-year period

11.22%

11.35%

-0.13%

Volatility (5Y)

Calculated over the trailing 5-year period, annualized

13.54%

13.07%

+0.47%

Volatility (10Y)

Calculated over the trailing 10-year period, annualized

15.32%

13.07%

+2.25%

Dividends

ZYAU.AX vs. JEGA.AX - Dividend Comparison

ZYAU.AX's dividend yield for the trailing twelve months is around 4.27%, less than JEGA.AX's 5.22% yield.

PositionTTM20252024202320222021202020192018201720162015
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%
ZYAU.AX
Global X S&P/ASX 200 High Dividend ETF		4.27%4.22%7.82%11.01%9.36%6.73%4.68%6.38%9.89%15.54%5.13%2.66%

Frequently Asked Questions

ZYAU.AX and JEGA.AX have a correlation of 0.23, 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: Global X and JPMorgan.

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