John Hancock Core Bond ETF (JHCR) — Stock Correlations & Overview
Over the past year, JHCR has moved most closely with JHMB, CPAG, JHCB. Explore the stocks most correlated and inversely correlated with JHCR below, along with its price, financials, and company profile.
Stocks correlated with JHCR
Correlation of daily returns. Higher positive values move with JHCR; negative values move opposite it. Informational only, not investment advice.
Most correlated with JHCR
| Symbol | Company | Correlation |
|---|---|---|
| JHMB | John Hancock Mortgage-Backed Securities ETF | 0.84 |
| CPAG | F/m Compoundr U.S. Aggregate Bond ETF | 0.84 |
| JHCB | John Hancock Corporate Bond ETF | 0.84 |
| BLTD | Bluemonte Long Term Bond ETF | 0.82 |
| UTEN | US Treasury 10 Year Note ETF | 0.82 |
Most inversely correlated with JHCR
| Symbol | Company | Correlation |
|---|---|---|
| PST | ProShares Trust UltraShort Lehman 7-10 Year Treasury | -0.82 |
| TYO | Direxion Daily 7-10 Year Treasury Bear 3X ETF | -0.79 |
| TBT | ProShares Trust UltraShort Lehman 20+ Year Treasury | -0.78 |
| TBX | ProShares Short 7-10 Year Treasury | -0.78 |
| TMV | Direxion Daily 20+ Year Treasury Bear 3X ETF | -0.78 |
Frequently asked questions about JHCR correlations
- Which stocks are most correlated with JHCR?
- Based on one year of daily returns, the stocks most correlated with John Hancock Core Bond ETF (JHCR) are JHMB (0.84), CPAG (0.84) and JHCB (0.84). 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 JHCR?
- Over the past year, the stocks most inversely correlated with John Hancock Core Bond ETF (JHCR) are PST (-0.82), TYO (-0.79) and TBT (-0.78). 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 JHCR correlations calculated?
- We compute the correlation of daily returns between JHCR 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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