Which stocks are most correlated with JHLN?

Based on one year of daily returns, the stocks most correlated with John Hancock Global Senior Loan ETF (JHLN) are GCTS.WS (0.28), MITQ (0.28) and NAVI (0.26). 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 JHLN?

Over the past year, the stocks most inversely correlated with John Hancock Global Senior Loan ETF (JHLN) are SPME (-0.21), PHOE (-0.21) and BNKD (-0.21). A negative correlation means the two stocks have tended to move in opposite directions.

John Hancock Global Senior Loan ETF (JHLN) — Stock Correlations & Overview

Over the past year, JHLN has moved most closely with GCTS.WS, MITQ, NAVI. Explore the stocks most correlated and inversely correlated with JHLN below, along with its price, financials, and company profile.

Stocks correlated with JHLN

Correlation of daily returns. Higher positive values move with JHLN; negative values move opposite it. Informational only, not investment advice.

Most correlated with JHLN

Symbol	Company	Correlation
GCTS.WS	GCT Semiconductor Holding, Inc. Warrants, each whole warrant exercisable for one share of Common Stock at an exercise price of $11.50SEMICONDUCTORS & RELATED DEVICES	0.28
MITQ	Moving iMage Technologies, Inc.PHOTOGRAPHIC EQUIPMENT & SUPPLIES	0.28
NAVI	Navient CorporationSECURITY BROKERS, DEALERS & FLOTATION COMPANIES	0.26
VENU	Venu Holding CorporationSERVICES-AMUSEMENT & RECREATION SERVICES	0.25
JG	Aurora Mobile Limited American Depositary Shares	0.25

Most inversely correlated with JHLN

Symbol	Company	Correlation
SPME	Sound Point Meridian Capital, Inc. 7.875% Series B Preferred Shares due 2030	-0.21
PHOE	Phoenix Asia Holdings Limited Ordinary Shares	-0.21
BNKD	MicroSectors U.S. Big Banks -3x Inverse Leveraged ETNs due February 17, 2045COMMERCIAL BANKS, NEC	-0.21
UK	Ucommune International Ltd Class A Ordinary Shares	-0.21
PBR.A	Petroleo Brasileiro S.A.-Petrobras	-0.21

Frequently asked questions about JHLN correlations

Which stocks are most correlated with JHLN?: Based on one year of daily returns, the stocks most correlated with John Hancock Global Senior Loan ETF (JHLN) are GCTS.WS (0.28), MITQ (0.28) and NAVI (0.26). 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 JHLN?: Over the past year, the stocks most inversely correlated with John Hancock Global Senior Loan ETF (JHLN) are SPME (-0.21), PHOE (-0.21) and BNKD (-0.21). 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 JHLN correlations calculated?: We compute the correlation of daily returns between JHLN 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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