ALPS Global Travel Beneficiaries ETF
Top 10 Holdings
What is JRNY?
The ALPS Global Travel Beneficiaries ETF (JRNY) tracks the S-Network Global Travel Index, which is designed to identify exchange-traded stocks of companies that are materially engaged in the global travel industry. Relevant companies include airlines, hotels, casinos and cruise lines, companies that support those industries such as booking and rental agencies, and companies that stand to benefit from the overall global travel industry such as luxury retail and leisure activities.
ETFs related toJRNY
ETFs correlated to JRNY include PEJ, HIBL, SPHB
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.
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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.