JPMorgan Active High Yield ETF (JPHY) — Stock Correlations & Overview
Over the past year, JPHY has moved most closely with BBHY, GHYB, JNK. Explore the stocks most correlated and inversely correlated with JPHY below, along with its price, financials, and company profile.
Stocks correlated with JPHY
Correlation of daily returns. Higher positive values move with JPHY; negative values move opposite it. Informational only, not investment advice.
Most correlated with JPHY
| Symbol | Company | Correlation |
|---|---|---|
| BBHY | JPMorgan BetaBuilders USD High Yield Corporate Bond ETF | 0.93 |
| GHYB | Goldman Sachs Access High Yield Corporate Bond ETF | 0.91 |
| JNK | State Street SPDR Bloomberg High Yield Bond ETF | 0.91 |
| SPHY | State Street SPDR Portfolio High Yield Bond ETF | 0.91 |
| SJNK | State Street SPDR Bloomberg Short Term High Yield Bond ETF | 0.90 |
Frequently asked questions about JPHY correlations
- Which stocks are most correlated with JPHY?
- Based on one year of daily returns, the stocks most correlated with JPMorgan Active High Yield ETF (JPHY) are BBHY (0.93), GHYB (0.91) and JNK (0.91). 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 JPHY?
- Over the past year, the stocks most inversely correlated with JPMorgan Active High Yield ETF (JPHY) are SJB (-0.66), EFZ (-0.60) and EFU (-0.59). 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 JPHY correlations calculated?
- We compute the correlation of daily returns between JPHY 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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