JEPI vs JHGA vs QMAX vs UMAX - Compare ETFs side by side

At a glance

Comparing JEPI, JHGA, QMAX, and UMAX. JEPI has the lowest management fee at 0.4% a year, UMAX has the highest 1 year return at 8.7% a year, and JHGA offers the highest at 17.25%.

Lowest fee

JEPI 0.4% p.a.

Highest 1 year return

UMAX 8.7% p.a.

Highest yield

JHGA 17.25%

Largest fund

UMAX $327m

Side-by-side comparison

Metric	JEPI JPMorgan Equity Premium Income Active ETF	JHGA JPMorgan Global Equity Premium Income (Hedged) Complex ETF	QMAX BetaShares Nasdaq 100 Yield Maximiser Complex ETF	UMAX BetaShares S&P 500 Yield Maximiser Complex ETF
Snapshot
Provider	—	—	BetaShares	BetaShares
Tracks index	—	—	—	S&P 500 Index
Categories	Intl, Dividend, Active	Intl, Dividend, Active	Intl, Dividend, Tech, US, Active	Intl, Dividend, US, Active
Listed since	—	—	—	—
Fund size (AUM)	$161m	$7m	$33m	$327m
Cost & income
Management fee	0.4%	0.4%	0.68%	0.79%
Dividend yield	—	17.25%	—	5.58%
Franking	0%	0%	0%	0%
Turnover	—	—	—	—
Tax drag	—	5.52%	—	1.79%
Returns	Tax bracket - adjusts tax drag & net returns
1-year return	—	3.9% net	—	8.7% net
3-year return	—	—	—	14.2% net
5-year return	—	—	—	11.4% net
10-year return	—	—	—	11.1% net
Risk
Volatility (3y)	—	—	—	9.4%
Volatility (5y)	—	—	—	10.4%
Volatility (10y)	—	—	—	10.6%
Sharpe ratio (3y)	—	—	—	1.03
Sharpe ratio (5y)	—	—	—	0.78
Sharpe ratio (10y)	—	—	—	0.84
Bid/ask spread	—	—	—	—

marks the strongest fund in each row. “net” shows the after-tax return at your selected bracket. “—” means we don’t have that data point yet.

Each fund at a glance

JEPI JPMorgan Equity Premium Income Active ETF

Low-cost: a 0.4% management fee keeps more of the return in your pocket.

Full JEPI analysis →

JHGA JPMorgan Global Equity Premium Income (Hedged) Complex ETF

Low-cost: a 0.4% management fee keeps more of the return in your pocket.
High 17.25% income yield — good for investors who want regular cash flow.

That income is taxed yearly at your marginal rate, so it's less efficient for higher earners.

Full JHGA analysis →

QMAX BetaShares Nasdaq 100 Yield Maximiser Complex ETF

Pricier than similar ETFs, which average around 0.55%.

Full QMAX analysis →

UMAX BetaShares S&P 500 Yield Maximiser Complex ETF

Top-24% returns over 5 years (46th of 189 ETFs we track).
High 5.58% income yield — good for investors who want regular cash flow.

A 0.79% management fee is high and compounds against you over time.

Full UMAX analysis →

Frequently Asked Questions

What's the difference between JEPI vs JHGA vs QMAX vs UMAX?

JEPI, JHGA, QMAX, and UMAX are 4 Australian-listed ETFs we compare side by side. JEPI carries the lowest management fee (0.4%). Over 1 year, UMAX has delivered the highest total return (8.7% a year). The table above breaks down fees, returns, income and risk for each.

Which has the lowest fees - JEPI vs JHGA vs QMAX vs UMAX?

JEPI has the lowest management fee at 0.4% a year, versus JHGA 0.4%, QMAX 0.68%, and UMAX 0.79%.

Which has performed highest - JEPI vs JHGA vs QMAX vs UMAX?

Over the past 1 year, UMAX has delivered the highest total return at 8.7% a year. Past performance is not a reliable indicator of future returns.

Which pays the highest dividend yield?

JHGA pays the highest at 17.25%. Remember distributions are taxed each year at your marginal rate.

Which is the largest and most liquid?

UMAX is the largest fund by assets ($327m). Larger funds are typically more liquid and trade on tighter spreads.

Related comparisons

JEPI vs JEGA JEPI vs JHPI JEPI vs JPEQ JEPI vs JPHQ QMAX vs JEGA QMAX vs JHPI QMAX vs JPEQ QMAX vs JPHQ

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General information only, generated from each fund's published data — not personal financial advice. Past performance is not a reliable indicator of future returns. Consider your own circumstances or seek licensed advice before investing.