JPMorgan ETFs Correlations

JREB Etf

EUR 104.86 0.05 0.05%

The current 90-days correlation between JPMorgan ETFs ICAV and JPMorgan ETFs ICAV is 0.38 (i.e., Weak diversification). The correlation of JPMorgan ETFs is a statistical measure of how it moves in relation to other instruments. This measure is expressed in what is known as the correlation coefficient, which ranges between -1 and +1. A correlation greater than 0.8 is generally described as strong, whereas a correlation less than 0.5 is generally considered weak.

JPMorgan ETFs Correlation With Market

Average diversification

The correlation between JPMorgan ETFs ICAV and DJI is 0.14 (i.e., Average diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding JPMorgan ETFs ICAV and DJI in the same portfolio, assuming nothing else is changed.

The ability to find closely correlated positions to JPMorgan ETFs could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace JPMorgan ETFs when you sell it. If you don't do this, your portfolio allocation will be skewed against your target asset allocation. So, investors can't just sell and buy back JPMorgan ETFs - that would be a violation of the tax code under the "wash sale" rule, and this is why you need to find a similar enough asset and use the proceeds from selling JPMorgan ETFs ICAV to buy it.

Moving together with JPMorgan Etf

0.77	UIM5	UBS Fund Solutions	Pair Corr
0.65	XDJP	Xtrackers Nikkei 225	Pair Corr
0.63	SXRZ	iShares VII PLC	Pair Corr
0.84	VUSA	Vanguard Funds Public	Pair Corr
0.84	SXR8	iShares Core SP	Pair Corr
0.86	XBAK	Xtrackers MSCI Pakistan	Pair Corr
0.61	EXV1	iShares STOXX Europe	Pair Corr
0.88	TRDX	Invesco Treasury Bond	Pair Corr
0.89	T3KE	HANetf ICAV	Pair Corr
0.89	V80A	Vanguard Funds PLC	Pair Corr
0.83	XDWT	Xtrackers MSCI World	Pair Corr
0.72	DBX4	Xtrackers MSCI	Pair Corr
0.85	VLUS	BNP Paribas Easy	Pair Corr
0.77	C101	Lyxor Fed Funds	Pair Corr
0.9	SYBJ	SSgA SPDR ETFs	Pair Corr
0.88	VGWL	Vanguard FTSE All	Pair Corr
0.87	US9L	WisdomTree SP 500	Pair Corr
0.85	OUFE	Ossiam Irl Icav	Pair Corr
0.9	TRDS	Invesco Us Treasury	Pair Corr
0.86	DBPG	Xtrackers SP	Pair Corr
0.88	VWCE	Vanguard FTSE All	Pair Corr
0.88	GERD	LG Gerd Kommer	Pair Corr
0.85	UBU9	UBS plc	Pair Corr
0.84	E908	Lyxor 1	Pair Corr
0.72	DBPE	Xtrackers LevDAX	Pair Corr

Moving against JPMorgan Etf

0.81	LYQL	LYXOR DAILY SHORTDAX	Pair Corr
0.8	DES2	LG DAX Daily	Pair Corr
0.81	DBPD	Xtrackers ShortDAX	Pair Corr

Related Correlations Analysis

	META	MSFT	UBER	F	T	A	CRM	JPM	MRK	XOM
META		0.78	-0.54	-0.35	0.46	0.32	0.57	0.27	-0.16	-0.51	META
MSFT	0.78		-0.65	-0.25	0.55	0.07	0.61	0.38	-0.21	-0.76	MSFT
UBER	-0.54	-0.65		0.41	-0.73	0.18	-0.78	-0.55	0.61	0.73	UBER
F	-0.35	-0.25	0.41		0.06	-0.25	-0.01	0.27	-0.1	0.6	F
T	0.46	0.55	-0.73	0.06		-0.34	0.87	0.84	-0.69	-0.42	T
A	0.32	0.07	0.18	-0.25	-0.34		-0.32	-0.51	0.7	0.12	A
CRM	0.57	0.61	-0.78	-0.01	0.87	-0.32		0.88	-0.78	-0.48	CRM
JPM	0.27	0.38	-0.55	0.27	0.84	-0.51	0.88		-0.84	-0.25	JPM
MRK	-0.16	-0.21	0.61	-0.1	-0.69	0.7	-0.78	-0.84		0.27	MRK
XOM	-0.51	-0.76	0.73	0.6	-0.42	0.12	-0.48	-0.25	0.27		XOM
	META	MSFT	UBER	F	T	A	CRM	JPM	MRK	XOM

Click cells to compare fundamentals

Check Volatility

Backtest Portfolio

Please upgrade your account to get full access to Macroaxis premium features

Correlation Matchups

Over a given time period, the two securities move together when the Correlation Coefficient is positive. Conversely, the two assets move in opposite directions when the Correlation Coefficient is negative. Determining your positions' relationship to each other is valuable for analyzing and projecting your portfolio's future expected return and risk.

High positive correlations

JPM	+ 0.88	CRM
CRM	+ 0.87	T
JPM	+ 0.84	T
MSFT	+ 0.78	META
XOM	+ 0.73	UBER
MRK	+ 0.7	A

High negative correlations

MRK	- 0.84	JPM
MRK	- 0.78	CRM
CRM	- 0.78	UBER
XOM	- 0.76	MSFT
T	- 0.73	UBER
MRK	- 0.69	T

JPMorgan ETFs Competition Risk-Adjusted Indicators

There is a big difference between JPMorgan Etf performing well and JPMorgan ETFs ETF doing well as a business compared to the competition. There are so many exceptions to the norm that investors cannot definitively determine what's good or bad unless they analyze JPMorgan ETFs' multiple risk-adjusted performance indicators across the competitive landscape. These indicators are quantitative in nature and help investors forecast volatility and risk-adjusted expected returns across various positions.

	Mean Deviation	Jensen Alpha	Sortino Ratio	Treynor Ratio	Semi Deviation	Expected Shortfall	Potential Upside	Value @Risk	Maximum Drawdown
META	1.21	0.10	0.04	0.53	1.42	(1.36)	2.62	(3.15)	7.43
MSFT	0.85	0.04	(0.01)	(0.14)	1.60	(0.78)	1.78	(2.23)	8.14
UBER	1.65	(0.33)	0.00	(1.77)	0.00	0.00	2.53	(5.35)	20.41
F	1.45	(0.12)	0.00	(0.17)	0.00	0.00	2.53	(2.90)	11.21
T	0.95	0.10	0.05	0.42	1.12	(0.98)	1.93	(1.99)	7.95
A	1.23	(0.06)	0.00	(0.06)	0.00	0.00	2.71	(2.42)	9.02
CRM	1.46	0.37	0.20	90.15	1.31	(1.65)	3.18	(2.88)	14.80
JPM	1.06	0.23	0.14	(2.23)	1.11	(1.26)	1.99	(1.44)	15.87
MRK	0.97	(0.21)	0.00	(0.96)	0.00	0.00	1.72	(2.17)	5.17
XOM	0.87	(0.14)	0.00	(0.95)	0.00	0.00	1.83	(2.14)	6.06

Be your own money manager

Our tools can tell you how much better you can do entering a position in JPMorgan ETFs without increasing your portfolio risk or giving up the expected return. As an individual investor, you need to find a reliable way to track all your investment portfolios. However, your requirements will often be based on how much of the process you decide to do yourself. In addition to allowing all investors analytical transparency into all their portfolios, our tools can evaluate risk-adjusted returns of your individual positions relative to your overall portfolio.

Did you try this?

Run Competition Analyzer Now

Competition Analyzer

Analyze and compare many basic indicators for a group of related or unrelated entities

All Next

Launch Module

Macroaxis helps investors of all levels and skills to maximize the upside of all their holdings and minimize the risk associated with market volatility, economic swings, and company-specific events. View terms and conditions

Feedback Blog

Made with optimal in San Francisco

2024 Macroaxis LLC