JPMorgan BetaBuilders U.S. TIPS 0-5 Year ETF
Top 10 Holdings
What is BBIP?
Seeks investment results that closely correspond to the ICE 0-5 Year US Inflation-Linked Treasury Index. The Index consists of U.S. sovereign debt with interest and principal payments tied to inflation. Using a representative sampling investment approach, the Fund attempts to replicate the Index characteristics as closely as possible
ETFs related toBBIP
ETFs correlated to BBIP include VTIP, STIP, STPZ
What is ETF correlation?
Correlation is a measure of the strength of the relationship between two ETFs. It quantifies the degree to which prices of the two ETFs typically move together.
Here, correlation is measured over the past year with the Pearson correlation coefficient (Pearon’s r), which ranges from -1 to 1.
Using ETF correlations in portfolio and strategy construction
ETF correlations can help you create investing strategies and portfolios. Use them to:
- •Build a diversified portfolio from uncorrelated or inversely correlated ETFs with the aim of minimizing portfolio risk.
- •Compare correlated or related ETFs to find one with a lower expense ratio or higher trading volume.
- •Create an investing strategy that hedges an ETF with an uncorrelated or inversely correlated ETF.
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We show information based on calculations performed by Composer using data from our provider. Information provided here is based on calculations performed by Composer using data sourced from Xignite, an unaffiliated third party. Composer believes this information is reliable, but has not verified the data and there is no guarantee that the calculations are accurate.