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ETFs

iPath Series B Bloomberg Industrial Metals Subindex Total ReturnSM ETN

JJM
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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)
$43,412
AUM
$21,326,406
Associated Index
Bloomberg Industrial Metals Sub-Index
Inverse/Leveraged
No
Passive/Active
Passive
Fractionable on Composer
Yes
Invest with JJM

What is JJM?

The iPath Series B Bloomberg Industrial Metals Subindex Total Return ETNs (the "ETNs") are designed to provide exposure to the Bloomberg Industrial Metals Subindex Total Return (the "Index"). The Index reflects the returns that are potentially available through an unleveraged investment in the futures contracts on industrial metal commodities. The Index is currently composed of four futures contracts on industrial metals, three of which (aluminum, nickel and zinc) are traded on the London Metal Exchange and the other of which (copper) is traded on the COMEX division of the New York Mercantile Exchange and is a sub-index of the Bloomberg Commodity Index Total Return.

ETFs related toJJM

ETFs correlated to JJM include DBB, NBCM, CPER

JJM
Barclays Bank PLC - iPath Series B Bloomberg Industrial Metals Subindex Total Return ETN
DBB
Invesco DB Multi-Sector Commodity Trust - Invesco DB Base Metals Fund
NBCM
Neuberger Berman ETF Trust - Commodity Strategy ETF
CPER
United States Commodity Funds LLC - United States Copper Index Fund
DFSI
Dimensional ETF Trust - Dimensional International Sustainability Core 1 ETF
PICK
BlackRock Institutional Trust Company N.A. - iShares MSCI Global Metals & Mining Producers ETF
COPX
Global X Funds - Global X Copper Miners ETF
DEM
WisdomTree Trust - WisdomTree Emerging Markets High Dividend Fund
DEHP
Dimensional ETF Trust - Dimensional Emerging Markets High Profitability ETF
DFEV
Dimensional ETF Trust - Dimensional Emerging Markets Value ETF
EPU
BlackRock Institutional Trust Company N.A. - iShares MSCI Peru 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 toJJM

#OPUS-8

Opus-8

Category

Opus

Risk Rating

Conservative

#DRAGON

Dragon Portfolio

Category

Go Global

Risk Rating

Aggressive

Create your own algorithmic trading strategy with JJM using Composer

FAQ

JJM is a Global Commodities & Metals ETF. The iPath Series B Bloomberg Industrial Metals Subindex Total Return ETNs (the "ETNs") are designed to provide exposure to the Bloomberg Industrial Metals Subindex Total Return (the "Index"). The Index reflects the returns that are potentially available through an unleveraged investment in the futures contracts on industrial metal commodities. The Index is currently composed of four futures contracts on industrial metals, three of which (aluminum, nickel and zinc) are traded on the London Metal Exchange and the other of which (copper) is traded on the COMEX division of the New York Mercantile Exchange and is a sub-index of the Bloomberg Commodity Index Total Return.

JJM tracks the Bloomberg Industrial Metals Sub-Index.

No, JJM 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, JJM 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 JJM is -0.0487%. This is the percent change in the value of JJM over the most recent 1-month period. The 3-month return on JJM is -0.0468%. This is the percent change in the value of JJM over the most recent 3-month period.

The standard deviation of JJM for the past year is 0.3661%. 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 JJM include BCIM, SGOL, and PPLT.

ETFs correlated to JJM include DBB, NBCM, and CPER.

ETFs that are inversely correlated to JJM include EUM, EDZ, and GLL.

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.