JPMorgan USD Correlations

JPMB Etf

USD 39.38 0.10 0.25%

The current 90-days correlation between JPMorgan USD Emerging and SPDR Bloomberg Emerging is 0.69 (i.e., Poor diversification). The correlation of JPMorgan USD 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 USD Correlation With Market

Modest diversification

The correlation between JPMorgan USD Emerging and DJI is 0.21 (i.e., Modest diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding JPMorgan USD Emerging 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 USD Emerging. Also, note that the market value of any etf could be closely tied with the direction of predictive economic indicators such as signals in population.

Moving together with JPMorgan Etf

0.94	EMB	iShares JP Morgan Symbol Change	Pair Corr
0.97	PCY	Invesco Emerging Markets	Pair Corr
0.82	CEMB	iShares JP Morgan	Pair Corr
0.98	EMHC	SPDR Bloomberg Barclays	Pair Corr
0.79	EMBD	Global X Emerging	Pair Corr
0.73	EMTL	SPDR DoubleLine Emerging	Pair Corr
0.81	KO	Coca Cola Sell-off Trend	Pair Corr
0.81	MRK	Merck Company Fiscal Year End 6th of February 2025	Pair Corr
0.64	VZ	Verizon Communications Aggressive Push	Pair Corr
0.7	PFE	Pfizer Inc Aggressive Push	Pair Corr
0.7	MMM	3M Company Fiscal Year End 28th of January 2025	Pair Corr

Moving against JPMorgan Etf

0.78	RSPY	Tuttle Capital Management	Pair Corr
0.77	MEME	Roundhill Investments	Pair Corr
0.71	DSJA	DSJA	Pair Corr
0.36	INTC	Intel Fiscal Year End 23rd of January 2025	Pair Corr
0.34	ITWO	Proshares Russell 2000 Low Volatility	Pair Corr
0.72	BAC	Bank of America Aggressive Push	Pair Corr
0.64	CVX	Chevron Corp Fiscal Year End 7th of February 2025	Pair Corr
0.54	DIS	Walt Disney Aggressive Push	Pair Corr
0.45	AXP	American Express Fiscal Year End 24th of January 2025	Pair Corr
0.39	T	ATT Inc Aggressive Push	Pair Corr
0.35	XOM	Exxon Mobil Corp Fiscal Year End 7th of February 2025	Pair Corr

Related Correlations Analysis

	EBND	VWOB	EMHC	EMLC	BWX	BWZ	EMB	XEMD	PCY
EBND		0.81	0.89	1.0	0.94	0.95	0.82	0.15	0.9	EBND
VWOB	0.81		0.96	0.8	0.69	0.68	1.0	0.61	0.94	VWOB
EMHC	0.89	0.96		0.88	0.83	0.81	0.96	0.4	0.95	EMHC
EMLC	1.0	0.8	0.88		0.95	0.96	0.81	0.12	0.9	EMLC
BWX	0.94	0.69	0.83	0.95		0.99	0.71	-0.1	0.83	BWX
BWZ	0.95	0.68	0.81	0.96	0.99		0.69	-0.1	0.82	BWZ
EMB	0.82	1.0	0.96	0.81	0.71	0.69		0.59	0.95	EMB
XEMD	0.15	0.61	0.4	0.12	-0.1	-0.1	0.59		0.4	XEMD
PCY	0.9	0.94	0.95	0.9	0.83	0.82	0.95	0.4		PCY
	EBND	VWOB	EMHC	EMLC	BWX	BWZ	EMB	XEMD	PCY

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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

EMLC	+ 1.0	EBND
EMB	+ 1.0	VWOB
BWZ	+ 0.99	BWX
EMHC	+ 0.96	VWOB
EMB	+ 0.96	EMHC
BWZ	+ 0.96	EMLC

High negative correlations

XEMD	- 0.1	BWZ
XEMD	- 0.1	BWX

JPMorgan USD Constituents Risk-Adjusted Indicators

There is a big difference between JPMorgan Etf performing well and JPMorgan USD 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 USD'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
EBND	0.38	(0.06)	0.00	(21.73)	0.00	0.00	0.63	(0.76)	2.83
VWOB	0.27	(0.02)	(0.36)	(0.02)	0.32	(0.29)	0.49	(0.48)	1.80
EMHC	0.27	(0.03)	0.00	(0.09)	0.00	0.00	0.54	(0.49)	1.73
EMLC	0.36	(0.06)	0.00	2.23	0.00	0.00	0.76	(0.80)	2.66
BWX	0.39	(0.07)	0.00	0.60	0.00	0.00	0.69	(0.90)	2.68
BWZ	0.37	(0.06)	0.00	0.54	0.00	0.00	0.70	(0.66)	2.81
EMB	0.29	(0.02)	(0.33)	(0.02)	0.35	(0.30)	0.48	(0.59)	1.87
XEMD	0.23	0.00	(0.42)	0.13	0.17	(0.26)	0.46	(0.43)	1.33
PCY	0.44	(0.05)	0.00	(0.08)	0.00	0.00	1.00	(0.81)	2.72

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