JJA
iPath Series B Bloomberg Agriculture Subindex Total Return ETN

Price: $20.87
Change: $0.13 (0.01%)
Last Updated:

Vitals

Brand iPath
Structure ETN
Expense Ratio 0.45%
ETF Home Page Home page
Inception Jan 17, 2018

Analyst Report

This ETN is designed to give investors exposure to agricultural commodities through a futures-based index strategy, making it a potentially useful tool for those who believe that food prices will rise or seeking general protection from inflationary pressures. JJA’s primary appeal is likely to be to those looking to implement a relatively short-term tactical play, though it may be useful as part of a longer-term portfolio as well thanks to the potential diversification benefits. There are several items that should be noted; first, JJA is linked to an index that is comprised of futures contracts, and as such may not always reflect movements in spot commodity prices. Second, as an ETN this product avoids the tracking error that can plague funds such as DBA, but does expose investors to the credit risk of the issuing institution. Moreover, the ETN structure may result in unique tax consequences for certain investors. Those seeking more broad-based commodity exposure have a number of options in the Commodities ETFdb Category, while those seeking more precise exposure also have a number of single commodity ETPs at their disposal.

ETF Database Themes

Asset Class Commodity
Commodity Type Agriculture
Commodity Broad
Commodity Exposure Futures-Based

FactSet Classifications

  • Segment Commodities: Agriculture
  • Category Agriculture
  • Focus Broad Market
  • Niche Front Month
  • Strategy Multi-factor
  • Weighting Scheme Multi-Factor

Trading Data

Open - Volume -
Day Lo - Day Hi -
  • Open
  • Volume
  • Day Lo
  • Day Hi
  • 52 Week Lo $15.02
  • 52 Week Hi $22.72
  • AUM $12.4 M
  • Shares 0.6 M

Historical Trading Data

  • 1 Month Avg. Volume 2,643
  • 3 Month Avg. Volume 5,648

Alternative ETFs in the ETF Database Agricultural Commodities Category

Type Symbol Expense Ratio Assets Avg. Daily Vol YTD Return
Cheapest TAGS 0.21% $8.4 M 4,153 23.81%
Largest (AUM) DBA 0.94% $933.2 M 820,349 18.96%
Most Liquid (Volume) DBA 0.94% $933.2 M 820,349 18.96%
Top YTD Performer JO 0.45% $121.3 M 92,108 49.75%

Alternative ETFs in the FactSet Commodities: Agriculture Segment

Type Symbol Expense Ratio Assets Avg. Daily Vol YTD Return
Cheapest TAGS 0.21% $8.4 M 4,153 23.81%
Largest (AUM) DBA 0.94% $933.2 M 820,349 18.96%
Most Liquid (Volume) DBA 0.94% $933.2 M 820,349 18.96%
Top YTD Performer TAGS 0.21% $8.4 M 4,153 23.81%

Top 15 Holdings

Concentration Analysis

This section compares how balanced and deep this ETF is relative to its peers.

Holdings Comparison

JJA ETF Database Category Average FactSet Segment Average
Number of Holdings 7 3 10
% of Assets in Top 10 100.00% 98.75% 95.64%
% of Assets in Top 15 100.00% 99.44% 98.56%
% of Assets in Top 50 100.00% 99.73% 99.81%

Size Comparison

JJA ETF Database Category Average FactSet Segment Average
Large (>12.9B) N/A N/A N/A
Mid (>2.7B) N/A N/A N/A
Small (>600M) N/A N/A N/A
Micro (<600M) N/A N/A N/A

JJA Valuation

This section compares the P/E ratio of this ETF to its peers.

JJA
P/E Ratio
N/A
ETF Database Category Average
P/E Ratio
N/A
FactSet Segment Average
P/E Ratio
N/A

JJA Dividend

This section compares the dividend yield of this ETF to its peers.

JJA ETF Database Category Average FactSet Segment Average
Dividend N/A $ 0.02 $ 0.06
Dividend Date N/A N/A N/A
Annual Dividend Rate N/A N/A N/A
Annual Dividend Yield N/A N/A N/A

JJA Price and Volume Chart

JJA Fund Flows

View charts featuring ETF fund flow data.

5 Day Net Flows: -4.56 K 1 Month Net Flows: -111.09 K 3 Month Net Flows: -297.65 K 6 Month Net Flows: -1.45 M 1 Year Net Flows: 3.06 M 3 Year Net Flows: 3.06 M 5 Year Net Flows: 6.6 M 10 Year Net Flows: 6.6 M

JJA Price vs Flows AUM Influence

View charts that break down the influence that fund flows and price had on overall assets.

Realtime Rating

The adjacent table gives investors an individual Realtime Rating for JJA on several different metrics, including liquidity, expenses, performance, volatility, dividend, concentration of holdings in addition to an overall rating. The "A+ Metric Rated ETF" field, available to ETF Database Pro members, shows the ETF in the Agricultural Commodities with the highest Metric Realtime Rating for each individual field. To view all of this data, sign up for a free 14-day trial for ETF Database Pro. To view information on how the ETF Database Realtime Ratings work, click here.

Metric Metric Realtime Rating A+ Metric Rated ETF
Liquidity B DBA
Expenses B TAGS
Performance
Volatility
Dividend
Concentration

A+ Overall Rated ETF:

JJA Expenses & Fees

This section compares the cost efficiency of this ETF to its peers.

Expenses Ratio Analysis

JJA
Expense Ratio
0.45%
ETF Database Category Average
Expense Ratio
0.89%
FactSet Segment Average
Expense Ratio
0.59%

Tax Analysis

Max ST Capital Gains Rate 39.60%
Max LT Capital Gains Rate 20.00%
Tax On Distributions No distributions
Distributes K1 No
ESG Themes and Scores

JJA does not have an ESG score. There are no ESG themes that map to this ETF.

JJA Performance

This section shows how this ETF has performed relative to its peers.

JJA ETF Database
Category Average
Factset Segment
Average
1 Month Return 2.00% 2.83% 2.68%
3 Month Return 0.72% 5.32% 3.32%
YTD Return 18.56% 24.29% 21.15%
1 Year Return 37.45% 38.45% 36.93%
3 Year Return N/A 17.58% 19.08%
5 Year Return N/A 1.23% 5.77%

Geographic Exposure

The following charts reflect the geographic spread of JJA's underlying holdings.

Holdings Analysis

The following charts reflect the allocation of JJA's underlying holdings.

JJA Technicals

Volatility Analysis

This section shows how the volatility of this ETF compares to the peer group ETF Database Category.

5 Day Volatility
2.62%
Rank
17 of 17

20 Day Volatility
12.47%
Rank
15 of 17

50 Day Volatility
14.85%
Rank
12 of 17

200 Day Volatility
23.07%
Rank
12 of 17

Beta
0.12
Rank
12 of 17

Standard Deviation
2.04%
Rank
9 of 17

Technicals

  • 20 Day MA $20.76
  • 60 Day MA $20.89
  • MACD 15 Period -0.02
  • MACD 100 Period 0.06
  • Williams % Range 10 Day 48.56
  • Williams % Range 20 Day 26.02
  • RSI 10 Day 52
  • RSI 20 Day 51
  • RSI 30 Day 51
  • Ultimate Oscillator 50

Bollinger Bands

  • Lower Bollinger (10 Day) $20.61
  • Upper Bollinger (10 Day) $21.18
  • Lower Bollinger (20 Day) $20.19
  • Upper Bollinger (20 Day) $21.31
  • Lower Bollinger (30 Day) $20.06
  • Upper Bollinger (30 Day) $21.23

Support & Resistance

  • Support Level 1 $20.82
  • Support Level 2 $20.77
  • Resistance Level 1 $20.91
  • Resistance Level 2 $20.95

Stochastic

  • Stochastic Oscillator %D (1 Day) 58.28
  • Stochastic Oscillator %D (5 Day) 40.62
  • Stochastic Oscillator %K (1 Day) 50.93
  • Stochastic Oscillator %K (5 Day) 41.81

Financial Advisor Report

ETF Database's Financial Advisor Reports are designed as an easy handout for clients to explain the key information on a fund. Includes new analyst insights and classification data.

Fact Sheet

Fact sheets are issued by the ETF provider and framed by ETF Database. Information contained within the fact sheet is not guaranteed to be timely or accurate.

Data Lineage

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Analyst Report Authors

ETF Database analysts have a combined 50 years in the ETF and Financial markets, covering every asset class and investment style. The team monitors new filings, new launches and new issuers to make sure we place each new ETF in the appropriate context so Financial Advisors can construct high quality portfolios.

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Copyright MSCI ESG Research LLC [2018]. All Rights Reserved. MSCI ESG Research LLC’s (“MSCI ESG”) Fund Metrics products (the “Information”) provide environmental, social and governance data with respect to underlying securities within more than 23,000 multi-asset class Mutual Funds and ETFs globally. MSCI ESG is a Registered Investment Adviser under the Investment Advisers Act of 1940. MSCI ESG materials have not been submitted, to nor received approval from, the US SEC or any other regulatory body. None of the information constitutes an offer to buy or sell, or a promotion or recommendation of, any security, financial instrument or product or trading strategy, nor should it be taken as an indication or guarantee of any future performance, analysis, forecast or prediction. None of the Information can be used to determine which securities to buy or sell or when to buy or sell them. The Information is provided “as is” and the user of the Information assumes the entire risk of any use it may make or permit to be made of the Information. All Information is provided solely for your internal use, and may not be reproduced or redisseminated in any form without express prior written permission from MSCI. Neither MSCI ESG nor any of its affiliates or any third party involved in or related to creating any Information makes any express or implied warranties, representations or guarantees, and in no event will MSCI ESG or any such affiliate or third party have any liability for any direct, indirect, special, punitive, consequential or any other damages (including lost profits) relating to any Information. More information on MSCI ESG Fund Metrics, provided by MSCI ESG Research LLC, can be found at https://www.msci.com/esg-fund-metrics.
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