JPMorgan ActiveBuilders International Equity ETF
Top 10 Holdings
What is JIDA?
Under normal conditions, the Fund will invest at least 80% ofthe value of its Assets in international equity securities and equity-related instruments. Assets means net assets, plus the amount of borrowings for investment purposes. The Fund will primarily invest in foreign companies of various market capitalizations, including foreign subsidiaries of U.S. companies.The Fund s investments represent allocations to a variety of the adviser s actively managed international equity strategies,including country, region and style strategies, among others.The adviser selects the strategies utilized in the portfolio basedon risk/return analyses and relative value considerations. The Fund will overweight or underweight countries and sectors relative to the MSCI EAFE Index (net of foreign withholding taxes). The Benchmark is an equity index which captures large and mid cap representation across Developed Markets countries around the world, excluding the US and Canada. The Fund may, however, invest in countries, sectors and securities that are not included in the Benchmark. In implementing its strategy, the Fund seeks to construct a portfolio of holdings that will outperform the Benchmark overtime while maintaining similar risk characteristics, including sector and geographic risks; in doing so, the Fund may increasethe relative emphasis of its investments in a particular sector orcountry.The equity securities and equity-related instruments in which the Fund may invest include, but are not limited to, commonstock and other instruments that provide economic exposure toone or more equity securities, such as depositary receipts.The Fund will invest primarily in the securities of large cap market capitalization companies, although the Fund may alsoinvest in mid cap securities.
ETFs related toJIDA
ETFs correlated to JIDA include BBIN, EFA, SCHF
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.
Emerging Markets with a Bond Hedge
Momentum, Be Risk Aware, Diversification
Pick the Trending Index
Momentum, Grow Your Portfolio, Ride the Momentum
Create your own algorithmic trading strategy with JIDA using Composer
We show information directly obtained from our data provider, Xignite. Data shown here is provided by Xignite, an unaffiliated third party. Composer believes the information shown here is reliable, but has not been verified and there is no guarantee that the information is accurate.
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.