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34 Stocks and 66 ETFs for diversifying Jumia Technologies (JMIA)

The least correlated asset to Jumia Technologies (JMIA) is company Kochav Defense Acquisition (KCHV). The correlation is -0.6593.

Stocks that lowly correlated with JMIA

SymbolName
Market cap
SectorIndustry
Correlation
KCHVKochav Defense Acquisition Corp - Class A$263MFinancial ServicesShell Companies-0.66
DAAQDigital Asset Acquisition Corp - Class A$180MFinancial ServicesShell Companies-0.65
SLDESlide Insurance Holdings Inc$2.32BFinancial ServicesInsurance - Property & Casualty-0.59
GTERAGloba Terra Acquisition Corporation Class A$246MFinancial ServicesShell Companies-0.57
PGACPantages Capital Acquisition Corp Cl A Ord Shs$118MFinancial ServicesShell Companies-0.57
QSEAQuartzsea Acquisition Corp$87MFinancial ServicesShell Companies-0.56
LWACLightWave Acquisition Corp - Class A$221MFinancial ServicesShell Companies-0.55
TGEGeneration Essentials Group - Class A$370MFinancial ServicesAsset Management-0.54
WENNWen Acquisition Corp - Class A$310MFinancial ServicesShell Companies-0.53
CRECre8 Enterprise Ltd Class A$6.60MIndustrialsSpecialty Business Services-0.52
IPCXInflection Point Acquisition Corp III - Class A$263MFinancial ServicesShell Companies-0.51
FIGXFIGX Capital Acquisition Corp - Class A$159MFinancial ServicesShell Companies-0.50
CHAChagee Holdings Ltd$1.84BConsumer CyclicalRestaurants-0.49
MCTRCTRL Group Ltd$15MCommunication ServicesAdvertising Agencies-0.49
APADREnhanced Group Inc$6.67MN/AN/A-0.47
PACHPioneer Acquisition I Corp - Class A$260MFinancial ServicesShell Companies-0.46
PLMIPlum Acquisition Corp I - Class A$192MN/AN/A-0.46
DHCADHC Acquisition Corp - Class A$16MN/AN/A-0.45
HRYUGlobal Interactive Technologies Inc$760KCommunication ServicesInternet Content & Information-0.44
BMGLBasel Medical Group Ltd$9.61MHealthcareMedical Care Facilities-0.44
TMDETMD Energy Ltd$21MEnergyOil & Gas Midstream-0.44
TFIN-PTriumph Financial Inc Depositary Shares Series C$531MFinancial ServicesBanks - Regional-0.44
TLXTelix Pharmaceuticals Ltd$3.82BHealthcareBiotechnology-0.44
SAFXXCF Global Inc$145MUtilitiesUtilities - Renewable-0.44
LCCCLakeshore Acquisition III Corp$72MFinancial ServicesShell Companies-0.43
STRZStarz Entertainment Corp$468MCommunication ServicesEntertainment-0.43
ETOREtoro Group Ltd - Class A$3.63BFinancial ServicesCapital Markets-0.43
IROHUCN Healthy Food Tech Group Corp - Units (1 Ord 1 War & 1 Rts)$453MN/AN/A-0.42
GCIGannett Co., Inc.$1.41BCommunication ServicesPublishing-0.42
BOWBowhead Specialty Holdings Inc$982MFinancial ServicesInsurance - Property & Casualty-0.41
CLIKClick Holdings Ltd$4.19MConsumer CyclicalPersonal Services-0.41
WTGWintergreen Acquisition Corp$58MFinancial ServicesShell Companies-0.40
PCAPPatriot Capital Funding Inc$324MFinancial ServicesShell Companies-0.40
OMSEOMS Energy Technologies Inc$197MEnergyOil & Gas Equipment & Services-0.39

ETFs that lowly correlated with JMIA

SymbolName
AUM
Expense Ratio
Inception Date
Correlation
SETHProShares Short Ether ETF$23M0.95%Nov 1, 2023-0.64
RWMPROSHARES SHORT RUSSELL2000 $113M0.95%Jan 23, 2007-0.62
TWMProShares UltraShort Russell2000 -2x Shares$38MN/AJan 23, 2007-0.61
QQQDDIREXION DAILY MAGNIFICENT 7 BEAR 1X SHARES $35M0.50%Mar 6, 2024-0.61
ETHDProShares UltraShort Ether ETF$86MN/AJun 6, 2024-0.57
AVSDIREXION DAILY AVGO BEAR 1X SHARES $7.50M1.03%Oct 9, 2024-0.56
EUMProShares Short MSCI Emerging Markets -1x Shares$9.80M0.95%Oct 30, 2007-0.56
EEVProShares UltraShort MSCI Emerging Markets -2x Shares$2.60MN/AOct 30, 2007-0.56
SBBProShares Short SmallCap600 -1x Shares$3.30M0.95%Jan 23, 2007-0.55
NVDGRANITESHARES 2X SHORT NVDA DAILY ETF $61MN/AAug 21, 2023-0.55
SCCProShares UltraShort Consumer Discretionary$6.80MN/AJan 30, 2007-0.55
PSQProShares Short QQQ -1x Shares$601M0.95%Jun 19, 2006-0.55
HIBSDirexion Daily S&P 500 High Beta Bear 3X Shares$17MN/ANov 7, 2019-0.55
HDGEADVISORSHARES RANGER EQUITY BEAR ETF $66M3.62%Jan 26, 2011-0.54
MYYPROSHARES SHORT MIDCAP400 $2.90M0.95%Jun 19, 2006-0.54
NVDDDIREXION DAILY NVDA BEAR 1X SHARES $19M1.01%Sep 12, 2023-0.54
WEBSDIREXION DAILY DOW JONES INTERNET BEAR 3X SHARES $8.70MN/ANov 7, 2019-0.54
MZZPROSHARES ULTRASHORT MIDCAP400 $2.40MN/AJul 11, 2006-0.54
RFIXSimplify Downside Interest Rate Hedge Strategy ETF$56M0.50%Dec 9, 2024-0.53
SHProShares Short S&P500 -1x Shares$973M0.89%Jun 19, 2006-0.53
SPDNDIREXION DAILY S&P 500 (R) BEAR 1X SHARES $195M0.48%Jun 8, 2016-0.53
DWSHADVISORSHARES DORSEY WRIGHT SHORT ETF $11M6.22%Jul 10, 2018-0.53
AIBDDirexion Daily AI and Big Data Bear 2X ETF$4.70MN/AMay 15, 2024-0.53
LABDDIREXION DAILY S&P BIOTECH BEAR 3X SHARES DIREXION DAILY S&P BIOTECH BEAR 3X SHARES$69MN/AMay 28, 2015-0.53
SDSProShares UltraShort S&P500 -2x Shares$398MN/AJul 11, 2006-0.53
SDDPROSHARES ULTRASHORT SMALLCAP600 $1.20MN/AJan 23, 2007-0.52
YQQQYIELDMAX(R) SHORT N100 OPTION INCOME STRATEGY ETF $16M1.11%Aug 14, 2024-0.52
NVDQT-REX 2X INVERSE NVIDIA DAILY TARGET ETF $22MN/AOct 18, 2023-0.52
BTALAGF U.S. MARKET NEUTRAL ANTI-BETA FUND $283M1.40%Sep 13, 2011-0.52
TSMZDIREXION DAILY TSM BEAR 1X SHARES $2.80M1.01%Oct 2, 2024-0.52
TNGYTORTOISE ENERGY ETF $515M0.85%Dec 27, 2010-0.52
PLTZDefiance Daily Target 2x Short PLTR ETF$13MN/AJun 5, 2025-0.50
UVIX2x Long VIX Futures ETF$290MN/AMar 28, 2022-0.50
CRSHYIELDMAX(R) SHORT TSLA OPTION INCOME STRATEGY ETF $16M1.05%May 1, 2024-0.49
EMTYProShares Decline of the Retail Store ETF -1x Shares$3M0.65%Nov 14, 2017-0.49
SLTYYIELDMAX(R) ULTRA SHORT OPTION INCOME STRATEGY ETF $19M1.25%Aug 20, 2025-0.49
SARKTRADR 1X SHORT INNOVATION DAILY ETF $43M0.92%Nov 5, 2021-0.48
BNKDBank of Montreal$1.10MN/AFeb 20, 2025-0.47
QBERTRUESHARES QUARTERLY BEAR HEDGE ETF $82M0.79%Jun 28, 2024-0.46
XLEISTATE STREET(R) ENERGY SELECT SECTOR SPDR(R) PREMIUM INCOME ETF STATE STREET(R)ENERGY SELECT SECTOR SPDR(R) PREMIUM INCOME ETF$40M0.35%Jul 29, 2025-0.46
SIJProShares UltraShort Industrials -2x Shares$5.50MN/AJan 30, 2007-0.46
EDZDIREXION DAILY MSCI EMERGING MARKETS BEAR 3X SHARES $14MN/ADec 17, 2008-0.46
EWVProShares UltraShort MSCI Japan -2x Shares$5.70MN/ANov 6, 2007-0.45
QIDPROSHARES ULTRASHORT QQQ $233MN/AJul 11, 2006-0.45
EFZProShares Short MSCI EAFE -1X Shares$12M0.95%Oct 23, 2007-0.44
EFUProShares UltraShort MSCI EAFE -2x Shares$1.20MN/AOct 23, 2007-0.44
MSFDDIREXION DAILY MSFT BEAR 1X SHARES $11M1.02%Sep 6, 2022-0.44
GXPEGLOBAL X PURECAP MSCI ENERGY ETF $1.20M0.15%Jul 22, 2025-0.44
DOGPROSHARES SHORT DOW30 $111M0.95%Jun 19, 2006-0.43
DXDPROSHARES ULTRASHORT DOW30 $46MN/AJul 11, 2006-0.43
GGLSDirexion Daily GOOGL Bear 1X ETF$13M1.02%Sep 6, 2022-0.43
SMDDProShares UltraPro Short MidCap400 -3x Shares$1.90MN/AFeb 9, 2010-0.43
SJBPROSHARES SHORT HIGH YIELD $56M0.95%Mar 21, 2011-0.43
SEFProShares Short Financials -1x Shares$14M0.95%Jun 10, 2008-0.41
TSLSDirexion Daily TSLA Bear 1X Shares$66M0.95%Aug 8, 2022-0.41
TSLQTradr 2X Short TSLA Daily ETF$114MN/AJul 13, 2022-0.41
SDOWProShares UltraPro Short Dow30 -3x Shares$185MN/AFeb 9, 2010-0.41
AAPDDIREXION DAILY AAPL BEAR 1X SHARES $14M0.96%Aug 8, 2022-0.41
EPVProShares UltraShort FTSE Europe -2X Shares$13MN/AJun 16, 2009-0.41
SKFProShares UltraShort Financials -2x Shares$11MN/AMay 23, 2007-0.41
PLTDT-REX 2X INVERSE PLTR DAILY TARGET ETF $47M0.98%Dec 10, 2024-0.40
REWProShares UltraShort Technology -2x Shares$2.80MN/AJan 30, 2007-0.40
AMZDDIREXION DAILY AMZN BEAR 1X SHARES $10M1.02%Sep 6, 2022-0.40
NVDSTradr 1.5X Short NVDA Daily ETF$18MN/AJul 13, 2022-0.40
BISProShares UltraShort Nasdaq Biotechnology -2x Shares$2.20MN/AApr 6, 2010-0.40
WXETTEUCRIUM 2X DAILY WHEAT ETF $7MN/ADec 12, 2024-0.39