JPMorgan Equity Correlations

JEPI Etf

USD 60.16 0.25 0.42%

The current 90-days correlation between JPMorgan Equity Premium and JPMorgan Nasdaq Equity is 0.73 (i.e., Poor diversification). The correlation of JPMorgan Equity is a statistical measure of how it moves in relation to other instruments. This measure is expressed in what is known as the correlation coefficient, which ranges between -1 and +1. A correlation greater than 0.8 is generally described as strong, whereas a correlation less than 0.5 is generally considered weak.

JPMorgan Equity Correlation With Market

Very poor diversification

The correlation between JPMorgan Equity Premium and DJI is 0.88 (i.e., Very poor diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding JPMorgan Equity Premium and DJI in the same portfolio, assuming nothing else is changed.

Check out Risk vs Return Analysis to better understand how to build diversified portfolios, which includes a position in JPMorgan Equity Premium. Also, note that the market value of any etf could be closely tied with the direction of predictive economic indicators such as signals in american community survey.

Moving together with JPMorgan Etf

0.96	XYLD	Global X SP	Pair Corr
0.98	DIVO	Amplify CWP Enhanced	Pair Corr
0.9	RYLD	Global X Russell	Pair Corr
0.94	JEPQ	JPMorgan Nasdaq Equity	Pair Corr
0.94	NUSI	NEOS ETF Trust	Pair Corr
0.78	KNG	FT Cboe Vest	Pair Corr
0.91	SIXH	ETC 6 Meridian	Pair Corr
0.93	BUYW	Main Buywrite ETF	Pair Corr
0.88	DSJA	DSJA	Pair Corr
0.81	RSPY	Tuttle Capital Management	Pair Corr
0.78	MEME	Roundhill Investments	Pair Corr
0.85	ITDD	iShares Trust	Pair Corr
0.75	BTC	Grayscale Bitcoin Mini	Pair Corr
0.88	INTC	Intel Fiscal Year End 23rd of January 2025	Pair Corr
0.79	BAC	Bank of America Fiscal Year End 10th of January 2025	Pair Corr
0.87	HD	Home Depot	Pair Corr
0.83	T	ATT Inc Aggressive Push	Pair Corr
0.74	DIS	Walt Disney	Pair Corr
0.92	CSCO	Cisco Systems Aggressive Push	Pair Corr
0.89	AA	Alcoa Corp Fiscal Year End 15th of January 2025	Pair Corr
0.95	AXP	American Express Fiscal Year End 24th of January 2025	Pair Corr
0.61	IBM	International Business Fiscal Year End 22nd of January 2025	Pair Corr
0.79	HPQ	HP Inc	Pair Corr
0.83	TRV	The Travelers Companies Fiscal Year End 17th of January 2025	Pair Corr

Moving against JPMorgan Etf

0.81	BA	Boeing Fiscal Year End 29th of January 2025	Pair Corr
0.77	MRK	Merck Company Fiscal Year End 6th of February 2025	Pair Corr
0.66	JNJ	Johnson Johnson Sell-off Trend	Pair Corr
0.51	PFE	Pfizer Inc Aggressive Push	Pair Corr

Related Correlations Analysis

	JEPQ	QYLD	SCHD	RYLD	XYLD
JEPQ		0.98	0.92	0.94	0.98	JEPQ
QYLD	0.98		0.9	0.91	0.95	QYLD
SCHD	0.92	0.9		0.94	0.94	SCHD
RYLD	0.94	0.91	0.94		0.96	RYLD
XYLD	0.98	0.95	0.94	0.96		XYLD
	JEPQ	QYLD	SCHD	RYLD	XYLD

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JPMorgan Equity Constituents Risk-Adjusted Indicators

There is a big difference between JPMorgan Etf performing well and JPMorgan Equity ETF doing well as a business compared to the competition. There are so many exceptions to the norm that investors cannot definitively determine what's good or bad unless they analyze JPMorgan Equity's multiple risk-adjusted performance indicators across the competitive landscape. These indicators are quantitative in nature and help investors forecast volatility and risk-adjusted expected returns across various positions.

	Mean Deviation	Jensen Alpha	Sortino Ratio	Treynor Ratio	Semi Deviation	Expected Shortfall	Potential Upside	Value @Risk	Maximum Drawdown
JEPQ	0.49	0.04	0.00	0.19	0.64	(0.47)	1.09	(1.63)	3.50
QYLD	0.42	0.00	(0.05)	0.12	0.73	(0.42)	0.84	(1.33)	3.99
SCHD	0.54	0.02	(0.02)	0.15	0.42	(0.58)	1.22	(0.90)	3.19
RYLD	0.43	0.02	(0.03)	0.15	0.41	(0.49)	1.13	(0.84)	4.10
XYLD	0.25	0.02	(0.10)	0.18	0.25	(0.26)	0.73	(0.62)	2.25

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