JPMorgan Dividend Correlations

JDIV ETF

USD 55.78 -0.21 -0.38%

Rolling correlation with major benchmarks shows how the stock's diversification benefit shifts over time. The current 90-days correlation between JPMorgan Dividend Leaders and First Trust Bloomberg is 0.84 (i.e., Very poor diversification).

Correlation With Market: JPMorgan Dividend

Minimal diversification benefit

The correlation between JPMorgan Dividend and Dow Jones is 0.97, which Macroaxis classifies as Minimal diversification benefit for the selected horizon. This chart measures the degree of risk overlap between JPMorgan Dividend and Dow Jones.

Allocation balance across sectors and asset classes shapes the risk-return profile of the portfolio. Allocation decisions are shaped by the composition and weighting of holdings. Comparing individual position volatility against portfolio-level volatility measures diversification. Broader economic conditions can influence JPMorgan Dividend Leaders's ETF valuation - related indicators include signals in gross domestic product.

Moving Together With JPMorgan ETF

0.9	VT	Vanguard Total World	Pair Corr
0.89	ACWI	iShares MSCI ACWI	Pair Corr
0.76	ACWV	iShares MSCI Global	Pair Corr
0.79	IOO	iShares Global 100	Pair Corr
0.88	URTH	iShares MSCI World	Pair Corr
0.9	CRBN	iShares MSCI ACWI	Pair Corr
0.82	GLOV	Goldman Sachs ActiveBeta Symbol Change	Pair Corr
0.88	KOKU	Xtrackers MSCI Kokusai	Pair Corr
0.89	SPGM	SPDR Portfolio MSCI	Pair Corr
0.81	VTI	Vanguard Total Stock	Pair Corr
0.81	IVV	iShares Core SAMPP	Pair Corr
0.8	TOT	Lionshares Equity Total	Pair Corr
0.67	IRE	Defiance Daily Target	Pair Corr
0.96	VTV	Vanguard Value Index	Pair Corr
0.71	VUG	Vanguard Growth Index Sell-off Trend	Pair Corr
0.92	VO	Vanguard Mid Cap Index	Pair Corr
0.92	DGS	WisdomTree Emerging Markets	Pair Corr
0.65	CWII	Rex Crwv Growth	Pair Corr
0.74	QBTX	Tradr 2X Long Buyout Trend	Pair Corr
0.95	CVIE	Morgan Stanley ETF	Pair Corr
0.75	DHDG	FT Vest Equity	Pair Corr

Moving Differently From JPMorgan ETF

0.34

AGFXF

DB Agriculture Long

Pair Corr

Related Correlations Analysis

	JDOC	BEEZ	MLPD	ABCS	LDRI	BIGY	BLCR	SMCF	HCOW	RND
JDOC		0.79	0.1	0.4	-0.45	0.32	-0.03	-0.08	0.73	0.09	JDOC
BEEZ	0.79		-0.14	0.65	-0.27	0.57	0.18	0.15	0.91	0.37	BEEZ
MLPD	0.1	-0.14		-0.66	-0.54	-0.54	-0.62	-0.73	-0.24	-0.66	MLPD
ABCS	0.4	0.65	-0.66		0.37	0.93	0.79	0.83	0.78	0.84	ABCS
LDRI	-0.45	-0.27	-0.54	0.37		0.5	0.8	0.71	-0.18	0.72	LDRI
BIGY	0.32	0.57	-0.54	0.93	0.5		0.87	0.81	0.7	0.93	BIGY
BLCR	-0.03	0.18	-0.62	0.79	0.8	0.87		0.91	0.33	0.95	BLCR
SMCF	-0.08	0.15	-0.73	0.83	0.71	0.81	0.91		0.35	0.84	SMCF
HCOW	0.73	0.91	-0.24	0.78	-0.18	0.7	0.33	0.35		0.49	HCOW
RND	0.09	0.37	-0.66	0.84	0.72	0.93	0.95	0.84	0.49		RND
	JDOC	BEEZ	MLPD	ABCS	LDRI	BIGY	BLCR	SMCF	HCOW	RND

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Correlation Matchups

Over a given time period, the two securities move together when the Correlation Coefficient is positive. Conversely, the two assets move in opposite directions when the Correlation Coefficient is negative. Determining your positions' relationship to each other is valuable for analyzing and projecting your portfolio's future expected return and risk.

High positive correlations

RND	+ 0.95	BLCR
BIGY	+ 0.93	ABCS
RND	+ 0.93	BIGY
HCOW	+ 0.91	BEEZ
SMCF	+ 0.91	BLCR
BLCR	+ 0.87	BIGY

High negative correlations

SMCF	- 0.73	MLPD
RND	- 0.66	MLPD
ABCS	- 0.66	MLPD
BLCR	- 0.62	MLPD
BIGY	- 0.54	MLPD
LDRI	- 0.54	MLPD

JPMorgan Dividend Constituents Risk-Adjusted Indicators

Strong recent returns in JPMorgan ETF do not always mean JPMorgan Dividend ETF is outperforming peers on business quality. Without risk-adjusted context, short-term returns may appear stronger than the volatility required to achieve them would suggest. These indicators are quantitative in nature and measure volatility and risk-adjusted expected returns across different positions.

	Mean Deviation	Jensen Alpha	Sortino Ratio	Treynor Ratio	Semi Deviation	Expected Shortfall	Potential Upside	Value @Risk	Maximum Drawdown
JDOC	0.76	-0.10	0.00	-0.10	0.00	0.00	1.82	-1.41	4.13
BEEZ	0.66	-0.07	0.00	-0.09	0.00	0.00	1.35	-1.49	4.07
MLPD	0.36	-0.01	-0.05	0.15	0.47	-0.35	0.70	-0.78	2.06
ABCS	0.66	-0.02	-0.02	0.00	0.84	-0.70	1.47	-1.61	3.15
LDRI	0.08	0.01	-0.07	-5.20	0.00	-0.10	0.20	-0.16	0.47
BIGY	0.59	0.01	0.01	0.04	0.64	-0.70	1.06	-1.27	2.99
BLCR	0.94	0.21	0.17	0.23	1.03	-1.01	1.67	-1.85	4.64
SMCF	0.69	0.05	0.04	0.10	0.86	-0.71	1.38	-1.57	3.16
HCOW	0.64	-0.08	0.00	-0.11	0.00	0.00	1.29	-1.41	3.50
RND	0.92	0.10	0.09	0.12	0.96	-1.03	1.81	-1.88	4.63