27 Stocks and 73 ETFs for diversifying AFK (VANECK AFRICA INDEX ETF)
The least correlated asset to AFK (VANECK AFRICA INDEX ETF) is ETF EUM (ProShares Short MSCI Emerging Markets -1x Shares). The correlation is -0.8198.
Stocks that lowly correlated with AFK
| Symbol | Name | Market cap | Sector | Industry | Correlation |
|---|---|---|---|---|---|
| TMDE | TMD Energy Ltd | $21M | Energy | Oil & Gas Midstream | -0.60 |
| SAFX | XCF Global Inc | $145M | Utilities | Utilities - Renewable | -0.60 |
| ELOG | Eastern International Ltd | $9.59M | Industrials | Integrated Freight & Logistics | -0.60 |
| EQV | EQV Ventures Acquisition Corp. | $466M | Financial Services | Shell Companies | -0.57 |
| STAK | Stak Inc | $55M | Energy | Oil & Gas Equipment & Services | -0.57 |
| STRZ | Starz Entertainment Corp | $468M | Communication Services | Entertainment | -0.54 |
| PACH | Pioneer Acquisition I Corp - Class A | $260M | Financial Services | Shell Companies | -0.54 |
| SOCAU | Solarius Capital Acquisition Corp Units | $179M | Financial Services | Shell Companies | -0.53 |
| CRE | Cre8 Enterprise Ltd Class A | $6.60M | Industrials | Specialty Business Services | -0.53 |
| CTW | CTW Cayman - Class A | $147M | Communication Services | Electronic Gaming & Multimedia | -0.52 |
| SI | Shoulder Innovations Inc | $452M | N/A | N/A | -0.48 |
| HNGE | Hinge Health Inc - Class A | $6.74B | Healthcare | Health Information Services | -0.47 |
| ASIC | Ategrity Specialty Holdings LLC | $1.08B | Financial Services | Insurance - Property & Casualty | -0.46 |
| PROP | Prairie Operating Co. Common Stock | $60M | Energy | Oil & Gas E&p | -0.46 |
| LWAC | LightWave Acquisition Corp - Class A | $221M | Financial Services | Shell Companies | -0.45 |
| PGAC | Pantages Capital Acquisition Corp Cl A Ord Shs | $118M | Financial Services | Shell Companies | -0.44 |
| QSEA | Quartzsea Acquisition Corp | $87M | Financial Services | Shell Companies | -0.44 |
| FIGX | FIGX Capital Acquisition Corp - Class A | $159M | Financial Services | Shell Companies | -0.44 |
| ETS | Elite Express Holding Inc - Class A | $13M | Industrials | Trucking | -0.44 |
| ANGX | Angel Studios Inc - Class A | $709M | Communication Services | Entertainment | -0.44 |
| KCHV | Kochav Defense Acquisition Corp - Class A | $263M | Financial Services | Shell Companies | -0.43 |
| MOBX | Mobix Labs Inc - Class A | $20M | Technology | Semiconductors | -0.43 |
| TACH | Titan Acquisition Corp - Class A | $288M | Financial Services | Shell Companies | -0.42 |
| CHA | Chagee Holdings Ltd | $1.84B | Consumer Cyclical | Restaurants | -0.42 |
| HMR | Sports Properties Acquisition Corp | $65M | Industrials | Marine Shipping | -0.41 |
| LB | Landbridge Company LLC. - Class A | $5.70B | Energy | Oil & Gas Equipment & Services | -0.41 |
| FIG | Figma Inc - Class A | $12B | Technology | Software - Application | -0.41 |