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

At a glance

Comparing JPHQ, JEPI, UMAX, and QMAX. JPHQ has the lowest management fee at 0.4% a year and UMAX offers the highest at 5.32%.

Lowest fee

JPHQ 0.4% p.a.

Highest yield

UMAX 5.32%

Largest fund

UMAX $310m

Side-by-side comparison

Metric	JPHQ JPMorgan US 100Q Equity Premium Income (Hedged) Active ETF	JEPI JPMorgan Equity Premium Income Active ETF	UMAX BetaShares S&P 500 Yield Maximiser Complex ETF	QMAX BetaShares Nasdaq 100 Yield Maximiser Complex ETF
Snapshot
Provider	—	—	BetaShares	BetaShares
Tracks index	—	—	S&P 500 Index	—
Categories	Intl, Dividend, Tech, US, Active	Intl, Dividend, Active	Intl, Dividend, US, Active	Intl, Dividend, Tech, US, Active
Listed since	—	—	—	—
Fund size (AUM)	$12m	$161m	$310m	$33m
Cost & income
Management fee	0.4%	0.4%	0.79%	0.68%
Dividend yield	—	—	5.32%	—
Franking	0%	0%	0%	0%
Turnover	—	—	—	—
Tax drag	—	—	1.7%	—
Returns	Tax bracket - adjusts tax drag & net returns
1-year return	—	—	7.6% net	—
3-year return	—	—	12.6% net	—
5-year return	—	—	10.9% net	—
10-year return	—	—	10.7% net	—
Risk
Volatility (3y)	—	—	9.7%	—
Volatility (5y)	—	—	10.5%	—
Volatility (10y)	—	—	10.6%	—
Sharpe ratio (3y)	—	—	0.86	—
Sharpe ratio (5y)	—	—	0.74	—
Sharpe ratio (10y)	—	—	0.81	—
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

JPHQ JPMorgan US 100Q Equity Premium Income (Hedged) Active ETF

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

Full JPHQ analysis →

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 →

UMAX BetaShares S&P 500 Yield Maximiser Complex ETF

Top-23% returns over 5 years (44th of 188 ETFs we track).
Pays a useful 5.32% income yield.

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

Full UMAX analysis →

QMAX BetaShares Nasdaq 100 Yield Maximiser Complex ETF

Pricier than similar ETFs, which average around 0.55%.

Full QMAX analysis →

Frequently Asked Questions

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

JPHQ, JEPI, UMAX, and QMAX are 4 Australian-listed ETFs we compare side by side. JPHQ carries the lowest management fee (0.4%). The table above breaks down fees, returns, income and risk for each.

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

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

Which pays the highest dividend yield?

UMAX pays the highest at 5.32%. Remember distributions are taxed each year at your marginal rate.

Which is the largest and most liquid?

UMAX is the largest fund by assets ($310m). Larger funds are typically more liquid and trade on tighter spreads.

Related comparisons

JEPI vs JEGA JEPI vs JHGA JEPI vs JHPI JEPI vs JPEQ UMAX vs JEGA UMAX vs JHGA UMAX vs JHPI UMAX vs JPEQ

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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.