JPMorgan Inflation Managed Bond ETF (JCPI) — Stock Correlations & Overview
Over the past year, JCPI has moved most closely with GTIP, TIP, TIPB. Explore the stocks most correlated and inversely correlated with JCPI below, along with its price, financials, and company profile.
Stocks correlated with JCPI
Correlation of daily returns. Higher positive values move with JCPI; negative values move opposite it. Informational only, not investment advice.
Most correlated with JCPI
| Symbol | Company | Correlation |
|---|---|---|
| GTIP | Goldman Sachs Access Inflation Protected USD Bond ETF | 0.82 |
| TIP | iShares TIPS Bond ETF | 0.81 |
| TIPB | Northern Trust 2035 Inflation-Linked Distributing Ladder ETF | 0.81 |
| SPIP | State Street SPDR Portfolio TIPS ETF | 0.81 |
| SCHP | Schwab U.S. TIPS ETF | 0.80 |
Most inversely correlated with JCPI
| Symbol | Company | Correlation |
|---|---|---|
| PST | ProShares Trust UltraShort Lehman 7-10 Year Treasury | -0.66 |
| TBX | ProShares Short 7-10 Year Treasury | -0.63 |
| TYO | Direxion Daily 7-10 Year Treasury Bear 3X ETF | -0.62 |
| TBT | ProShares Trust UltraShort Lehman 20+ Year Treasury | -0.56 |
| TMV | Direxion Daily 20+ Year Treasury Bear 3X ETF | -0.55 |
Frequently asked questions about JCPI correlations
- Which stocks are most correlated with JCPI?
- Based on one year of daily returns, the stocks most correlated with JPMorgan Inflation Managed Bond ETF (JCPI) are GTIP (0.82), TIP (0.81) and TIPB (0.81). 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 JCPI?
- Over the past year, the stocks most inversely correlated with JPMorgan Inflation Managed Bond ETF (JCPI) are PST (-0.66), TBX (-0.63) and TYO (-0.62). 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 JCPI correlations calculated?
- We compute the correlation of daily returns between JCPI 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.
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