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

At a glance

Comparing UMAX, JEPI, QMAX, and JEGA. JEPI has the lowest management fee at 0.4% a year, UMAX has the highest 1 year return at 7.6% a year, and JEGA offers the highest at 8.14%.

Lowest fee

JEPI 0.4% p.a.

Highest 1 year return

UMAX 7.6% p.a.

Highest yield

JEGA 8.14%

Largest fund

UMAX $310m

Side-by-side comparison

Metric	UMAX BetaShares S&P 500 Yield Maximiser Complex ETF	JEPI JPMorgan Equity Premium Income Active ETF	QMAX BetaShares Nasdaq 100 Yield Maximiser Complex ETF	JEGA JPMorgan Global Equity Premium Income Complex ETF
Snapshot
Provider	BetaShares	—	BetaShares	—
Tracks index	S&P 500 Index	—	—	—
Categories	Intl, Dividend, US, Active	Intl, Dividend, Active	Intl, Dividend, Tech, US, Active	Intl, Dividend, Active
Listed since	—	—	—	—
Fund size (AUM)	$310m	$161m	$33m	$20m
Cost & income
Management fee	0.79%	0.4%	0.68%	0.4%
Dividend yield	5.32%	—	—	8.14%
Franking	0%	0%	0%	0%
Turnover	—	—	—	—
Tax drag	1.7%	—	—	2.6%
Returns	Tax bracket - adjusts tax drag & net returns
1-year return	7.6% net	—	—	-1.6% 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

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 →

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 →

QMAX BetaShares Nasdaq 100 Yield Maximiser Complex ETF

Pricier than similar ETFs, which average around 0.55%.

Full QMAX analysis →

JEGA JPMorgan Global Equity Premium Income Complex ETF

Low-cost: a 0.4% management fee keeps more of the return in your pocket.
High 8.14% 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 JEGA analysis →

Frequently Asked Questions

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

UMAX, JEPI, QMAX, and JEGA 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 (7.6% a year). The table above breaks down fees, returns, income and risk for each.

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

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

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

Over the past 1 year, UMAX has delivered the highest total return at 7.6% a year. Past performance is not a reliable indicator of future returns.

Which pays the highest dividend yield?

JEGA pays the highest at 8.14%. 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

UMAX vs JHGA UMAX vs JHPI UMAX vs JPEQ UMAX vs JPHQ JEPI vs JHGA JEPI vs JHPI JEPI vs JPEQ JEPI 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.