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iPath Series B Bloomberg Copper Subindex Total ReturnSM ETN

JJC
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Today’s Change
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Snapshot
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Inception Date
Jan 17 2018
Expense Ratio
0.45%
Type
Global Commodities & Metals
Fund Owner
Barclays iPath
Volume (1m avg. daily)
$557,264
AUM
$36,958,611
Associated Index
Bloomberg Copper Sub-Index
Inverse/Leveraged
No
Passive/Active
Passive
Fractionable on Composer
Yes
Prospectus
Invest with JJC

What is JJC?

The iPath Series B Bloomberg Copper Subindex Total Return ETNs (the "ETNs") are designed to provide exposure to the Bloomberg Copper Subindex Total Return (the "Index"). The Index reflects the returns that are potentially available through an unleveraged investment in the futures contracts on copper. The Index currently consists of one futures contract on the commodity of copper (currently the Copper High Grade futures contract traded on the COMEX) which is included in the Bloomberg Commodity Index Total Return.

ETFs related toJJC

ETFs correlated to JJC include CPER, DBB, COPX

JJC
Barclays Bank PLC - iPath Series B Bloomberg Copper Subindex Total Return ETN
CPER
United States Commodity Funds LLC - United States Copper Index Fund
DBB
Invesco DB Multi-Sector Commodity Trust - Invesco DB Base Metals Fund
COPX
Global X Funds - Global X Copper Miners ETF
PICK
BlackRock Institutional Trust Company N.A. - iShares MSCI Global Metals & Mining Producers ETF
BCD
abrdn ETF - abrdn Bloomberg All Comm Longer Dt Strategy K-1 Free ETF
FTGC
First Trust Exchange-Traded Fund III - First Trust Global Tactical Commodity Strategy Fund
GUNR
FlexShares Trust - FlexShares Global Upstream Natural Resources Index Fund
GNR
SSgA Active Trust - SPDR S&P Global Natural Resources ETF
CMDY
BlackRock Institutional Trust Company N.A. - iShares Bloomberg Roll Select Commodity Strategy ETF
MXI
BlackRock Institutional Trust Company N.A. - iShares Global Materials ETF

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.

Automated Strategies
Related toJJC

#OPUS-8

Opus-8

Category

Opus

Risk Rating

Conservative

#DRAG

Copy the Dragon Portfolio

Category

Go Global, Copy the Greats

Risk Rating

Aggressive

Create your own algorithmic trading strategy with JJC using Composer

FAQ

JJC is a Global Commodities & Metals ETF. The iPath Series B Bloomberg Copper Subindex Total Return ETNs (the "ETNs") are designed to provide exposure to the Bloomberg Copper Subindex Total Return (the "Index"). The Index reflects the returns that are potentially available through an unleveraged investment in the futures contracts on copper. The Index currently consists of one futures contract on the commodity of copper (currently the Copper High Grade futures contract traded on the COMEX) which is included in the Bloomberg Commodity Index Total Return.

JJC tracks the Bloomberg Copper Sub-Index.

No, JJC is not actively managed. It is passively managed. In an actively managed fund, the fund manager makes decisions about how funds are invested. A passively managed fund typically tries to track or follow a market index.

Yes, JJC is passively managed. A passively managed fund typically tries to track or follow a market index. In an actively managed fund, the fund manager makes decisions about how funds are invested.

The 1-month return on JJC is -0.0218%. This is the percent change in the value of JJC over the most recent 1-month period. The 3-month return on JJC is -0.0401%. This is the percent change in the value of JJC over the most recent 3-month period.

The standard deviation of JJC for the past year is 0.2656%. Standard deviation is the typical amount that the daily returns vary from the mean of the returns over the time period, standardized to a period of a year.

ETFs similar to JJC include SLV, OUNZ, and SGOL.

ETFs correlated to JJC include CPER, DBB, and COPX.

ETFs that are inversely correlated to JJC include USDU, UUP, and EUO.

Disclaimers

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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.