This is a clunky graph, and the XJO is based at 500 compared to the accumulation index at 1000, too lazy to go back and do it again, but you should get the idea. Start December 1979.
The power of dividends and why you should never aim to just track the XAO or XJO.
I love that graph...
Now can you do a third one, which is an accumulation index, adjusted for tax at say 46.5% (and taking into account franking credits). I'd be interested to see where in the middle (ie closed to which line) it lies.