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ETFs

iPath Series B Bloomberg Nickel Subindex Total ReturnSM ETN

JJN
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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)
$383,467
AUM
$30,625,115
Associated Index
Bloomberg Nickel Sub-Index
Inverse/Leveraged
No
Passive/Active
Passive
Fractionable on Composer
Yes
Prospectus
View
Invest with JJN

What is JJN?

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

ETFs related toJJN

ETFs correlated to JJN include DBB, GCC, PICK

JJN
Barclays Bank PLC - iPath Series B Bloomberg Nickel Subindex Total Return ETN
DBB
Invesco DB Multi-Sector Commodity Trust - Invesco DB Base Metals Fund
GCC
WisdomTree Commodity Services LLC - WisdomTree EnhancedContinuous Commodity Index Fund
PICK
BlackRock Institutional Trust Company N.A. - iShares MSCI Global Metals & Mining Producers ETF
CPER
United States Commodity Funds LLC - United States Copper Index Fund
CMDY
BlackRock Institutional Trust Company N.A. - iShares Bloomberg Roll Select Commodity Strategy ETF
DJP
Barclays Bank PLC - iPath Bloomberg Commodity Total Return ETN
BCD
abrdn ETF - abrdn Bloomberg All Comm Longer Dt Strategy K-1 Free ETF
COPX
Global X Funds - Global X Copper Miners ETF
FTGC
First Trust Exchange-Traded Fund III - First Trust Global Tactical Commodity Strategy Fund
BCI
abrdn ETF - abrdn Bloomberg All Commodity Strategy K-1 Free 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 toJJN

#DRAGON

Dragon Portfolio

Category

Go Global

Risk Rating

Aggressive

#OPUS-8

Opus-8

Category

Opus

Risk Rating

Conservative

Create your own algorithmic trading strategy with JJN using Composer

FAQ

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

JJN tracks the Bloomberg Nickel Sub-Index.

No, JJN 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, JJN 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 JJN is -0.0744%. This is the percent change in the value of JJN over the most recent 1-month period. The 3-month return on JJN is -0.21%. This is the percent change in the value of JJN over the most recent 3-month period.

The standard deviation of JJN for the past year is 0.5729%. 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 JJN include OUNZ, IAU, and PPLT.

ETFs correlated to JJN include DBB, GCC, and PICK.

ETFs that are inversely correlated to JJN include DUST, GDXD, and ZSL.

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.