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ETFs

iPath Series B Bloomberg Coffee Subindex Total ReturnSM ETN

JO
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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)
$574,804
AUM
$10,915
Associated Index
Bloomberg Coffee Sub-Index
Inverse/Leveraged
No
Passive/Active
Passive
Fractionable on Composer
Yes
Invest with JO

What is JO?

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

ETFs related toJO

ETFs correlated to JO include DBA, FTGC, CMDY

JO
Barclays Bank PLC - iPath Series B Bloomberg Coffee Subindex Total Return ETN
DBA
Invesco DB Multi-Sector Commodity Trust - Invesco DB Agriculture Fund
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
COMB
GraniteShares Gold Trust - GraniteShares Bloomberg Commodity Broad Strategy No K-1 ETF
BCD
abrdn ETF - abrdn Bloomberg All Comm Longer Dt Strategy K-1 Free ETF
DJP
Barclays Bank PLC - iPath Bloomberg Commodity Total Return ETN
APRJ
Innovator ETFs Trust - Innovator Premium Income 30 Barrier ETF - April
BCI
abrdn ETF - abrdn Bloomberg All Commodity Strategy K-1 Free ETF
TILL
Listed Funds Trust - Teucrium Agricultural Strategy No K-1 ETF
PDBC
Invesco Capital Management LLC - Invesco Optimum Yield Diversified Commodity 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 toJO

#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 JO using Composer

FAQ

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

JO tracks the Bloomberg Coffee Sub-Index.

No, JO 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, JO 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 JO is -0.0138%. This is the percent change in the value of JO over the most recent 1-month period. The 3-month return on JO is 0.0704%. This is the percent change in the value of JO over the most recent 3-month period.

The standard deviation of JO for the past year is 0.348%. 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 JO include TAGS, SGG, and CORN.

ETFs correlated to JO include DBA, FTGC, and CMDY.

ETFs that are inversely correlated to JO include SCO, USDU, and LABD.

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.