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ETFs

iPath Series B Bloomberg Aluminum Subindex Total ReturnSM ETN

JJU
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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)
$11,332
AUM
$4,789,970
Associated Index
Bloomberg Aluminum Sub-Index
Inverse/Leveraged
No
Passive/Active
Passive
Fractionable on Composer
Yes
Prospectus
View
Invest with JJU

What is JJU?

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

ETFs related toJJU

ETFs correlated to JJU include DBB, CPER, COPX

JJU
Barclays Bank PLC - iPath Series B Bloomberg Aluminum Subindex Total Return ETN
DBB
Invesco DB Multi-Sector Commodity Trust - Invesco DB Base Metals Fund
CPER
United States Commodity Funds LLC - United States Copper Index Fund
COPX
Global X Funds - Global X Copper Miners ETF
FTGC
First Trust Exchange-Traded Fund III - First Trust Global Tactical Commodity Strategy 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
PICK
BlackRock Institutional Trust Company N.A. - iShares MSCI Global Metals & Mining Producers ETF
BCI
abrdn ETF - abrdn Bloomberg All Commodity Strategy K-1 Free ETF
COMB
GraniteShares Gold Trust - GraniteShares Bloomberg Commodity Broad Strategy No K-1 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 toJJU

#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 JJU using Composer

FAQ

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

JJU tracks the Bloomberg Aluminum Sub-Index.

No, JJU 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, JJU 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 JJU is -0.0434%. This is the percent change in the value of JJU over the most recent 1-month period. The 3-month return on JJU is -0.0479%. This is the percent change in the value of JJU over the most recent 3-month period.

The standard deviation of JJU for the past year is 0.295%. 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 JJU include SLV, OUNZ, and SGOL.

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

ETFs that are inversely correlated to JJU include USDU, EDZ, and UUP.

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.