Janus Henderson Asset-Backed Securities ETF (JABS) — Stock Correlations & Overview
Over the past year, JABS has moved most closely with VNLA, JAAA, JSI. Explore the stocks most correlated and inversely correlated with JABS below, along with its price, financials, and company profile.
Stocks correlated with JABS
Correlation of daily returns. Higher positive values move with JABS; negative values move opposite it. Informational only, not investment advice.
Most correlated with JABS
| Symbol | Company | Correlation |
|---|---|---|
| VNLA | Janus Henderson Short Duration Income ETF | 0.55 |
| JAAA | Janus Henderson AAA CLO ETF | 0.51 |
| JSI | Janus Henderson Securitized Income ETF | 0.45 |
| MMSD | NYLIM MacKay Muni Short Duration ETF | 0.43 |
| JLQD | Janus Henderson Corporate Bond ETF | 0.42 |
Most inversely correlated with JABS
| Symbol | Company | Correlation |
|---|---|---|
| PHOE | Phoenix Asia Holdings Limited Ordinary Shares | -0.22 |
| SSM | Sono Group N.V. Ordinary SharesFINANCE SERVICES | -0.20 |
| EGG | Enigmatig Limited | -0.20 |
| EXE | Expand Energy Corporation Common StockCRUDE PETROLEUM & NATURAL GAS | -0.20 |
| OXSQH | Oxford Square Capital Corp. 7.75% Notes due 2030 | -0.20 |
Frequently asked questions about JABS correlations
- Which stocks are most correlated with JABS?
- Based on one year of daily returns, the stocks most correlated with Janus Henderson Asset-Backed Securities ETF (JABS) are VNLA (0.55), JAAA (0.51) and JSI (0.45). A correlation near 1.00 means the two stocks' daily moves have tracked each other closely over the period.
- Which stocks are inversely correlated with JABS?
- Over the past year, the stocks most inversely correlated with Janus Henderson Asset-Backed Securities ETF (JABS) are PHOE (-0.22), SSM (-0.20) and EGG (-0.20). A negative correlation means the two stocks have tended to move in opposite directions.
- What does a correlation of 0.8 mean for a stock?
- Correlation measures how closely two stocks' daily returns move together, on a scale from -1 to 1. At 0.8, the two stocks have moved in the same direction on most days — though not by identical amounts. A value near 0 means their moves have been unrelated, and a negative value means they have tended to move in opposite directions. Correlation reflects past behavior and can change over time.
- How are these JABS correlations calculated?
- We compute the correlation of daily returns between JABS and roughly 9,000 other US-listed stocks and ETFs over the trailing one-year window, then rank the strongest positive and negative relationships. The data is refreshed monthly. It is informational and educational only — not investment advice.
Charts and financial information provided by TradingView, a popular charting & trading platform. Check out even more advanced features or grab charts for your website.