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ETFs

iPath Series B Bloomberg Precious Metals Subindex Total ReturnSM ETN

JJP
$--
Today’s Change
-- (--)

Snapshot
*

Inception Date
Jan 17 2018
Expense Ratio
0.45%
Type
Global Commodities & Metals
Fund Owner
Barclays iPath
Volume (1m avg. daily)
$3,211
AUM
$1,110,857
Associated Index
Bloomberg Precious Metals Sub-Index
Inverse/Leveraged
No
Passive/Active
Passive
Fractionable on Composer
Yes
Prospectus
View
Invest with JJP

What is JJP?

The iPath Series B Bloomberg Precious Metals Subindex Total Return ETNs (the "ETNs") are designed to provide exposure to the Bloomberg Precious Metals Subindex Total Return (the "Index"). The Index reflects the returns that are potentially available through an unleveraged investment in the futures contracts on precious metals commodities. The Index currently consists of two precious metals commodities futures contracts (gold and silver) which are included in the Bloomberg Commodity Index Total Return.

ETFs related toJJP

ETFs correlated to JJP include DBP, BAR, UGL

JJP
Barclays Bank PLC - iPath Series B Bloomberg Precious Metals Subindex Total Return ETN
DBP
Invesco DB Multi-Sector Commodity Trust - Invesco DB Precious Metals Fund
BAR
GraniteShares Gold Trust - GraniteShares Gold Shares
UGL
ProShares Trust - ProShares Ultra Gold 2x Shares
IAUM
BlackRock Institutional Trust Company N.A. - iShares Gold Trust Micro
SGOL
abrdn ETF - abrdn Physical Gold Shares ETF
OUNZ
Merk Investments LLC - VanEck Merk Gold Trust
GLD
SSgA Active Trust - SPDR Gold Shares ETF
IAU
BlackRock Institutional Trust Company N.A. - iShares Gold Trust
AAAU
Goldman Sachs Physical Gold ETF Trust - Goldman Sachs Physical Gold ETF
GLDM
World Gold Trust - SPDR Gold MiniShares Trust

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 toJJP

#BORING

The Not Boring: Rising Rates with Vol Switch

Category

Community

Risk Rating

Aggressive

#SPYMIN

SPY minimum drawdown

Category

Community

Risk Rating

Aggressive

Create your own algorithmic trading strategy with JJP using Composer

FAQ

JJP is a Global Commodities & Metals ETF. The iPath Series B Bloomberg Precious Metals Subindex Total Return ETNs (the "ETNs") are designed to provide exposure to the Bloomberg Precious Metals Subindex Total Return (the "Index"). The Index reflects the returns that are potentially available through an unleveraged investment in the futures contracts on precious metals commodities. The Index currently consists of two precious metals commodities futures contracts (gold and silver) which are included in the Bloomberg Commodity Index Total Return.

JJP tracks the Bloomberg Precious Metals Sub-Index.

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

The standard deviation of JJP for the past year is 0.2091%. 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 JJP include PALL, SLV, and GLTR.

ETFs correlated to JJP include DBP, BAR, and UGL.

ETFs that are inversely correlated to JJP include GLL, ZSL, and JDST.

Disclaimers

*

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.