Skip to main content

Want a detailed portfolio tracker?

28 Stocks and 72 ETFs for diversifying Jumia Technologies (JMIA)

The least correlated asset to Jumia Technologies (JMIA) is company Slide Insurance (SLDE). The correlation is -0.7229.

Stocks that lowly correlated with JMIA

SymbolName
Market cap
SectorIndustry
Correlation
SLDESlide Insurance Holdings Inc$2.20BFinancial ServicesInsurance - Property & Casualty-0.72
DAAQDigital Asset Acquisition Corp - Class A$178MFinancial ServicesShell Companies-0.63
QSEAQuartzsea Acquisition Corp$87MFinancial ServicesShell Companies-0.59
WTGUUWintergreen Acquisition Corp - Units (1 Ord Shs & 1 Rts)$20MFinancial ServicesShell Companies-0.52
TGEGeneration Essentials Group - Class A$370MFinancial ServicesAsset Management-0.52
IPCXInflection Point Acquisition Corp III - Class A$261MFinancial ServicesShell Companies-0.50
MCTRCTRL Group Ltd$15MCommunication ServicesAdvertising Agencies-0.49
CHAChagee Holdings Ltd$1.65BConsumer CyclicalRestaurants-0.48
TMDETMD Energy Ltd$18MEnergyOil & Gas Midstream-0.47
PLMIPlum Acquisition Corp I - Class A$192MN/AN/A-0.46
TLXTelix Pharmaceuticals Ltd$3.30BHealthcareBiotechnology-0.46
DHCADHC Acquisition Corp - Class A$16MN/AN/A-0.45
DFSCDEFSEC Technologies Inc Com$8.73MIndustrialsAerospace & Defense-0.45
HRYUGlobal Interactive Technologies Inc$760KCommunication ServicesInternet Content & Information-0.44
BMGLBasel Medical Group Ltd$11MHealthcareMedical Care Facilities-0.44
SAFXXCF Global Inc$126MUtilitiesUtilities - Renewable-0.44
BOWBowhead Specialty Holdings Inc$886MFinancial ServicesInsurance - Property & Casualty-0.43
IROHUCN Healthy Food Tech Group Corp - Units (1 Ord 1 War & 1 Rts)$453MN/AN/A-0.42
ETOREtoro Group Ltd - Class A$3.64BFinancial ServicesCapital Markets-0.42
GCIGannett Co., Inc.$1.41BCommunication ServicesPublishing-0.42
OMSEOMS Energy Technologies Inc$201MEnergyOil & Gas Equipment & Services-0.41
GIBOGIBO Holdings Ltd$42MCommunication ServicesInternet Content & Information-0.41
CLIKClick Holdings Ltd$4.19MConsumer CyclicalPersonal Services-0.41
LCCCLakeshore Acquisition III Corp$72MFinancial ServicesShell Companies-0.41
STRZStarz Entertainment Corp$380MCommunication ServicesEntertainment-0.40
STAKStak Inc$17MEnergyOil & Gas Equipment & Services-0.40
AMBRAmber Road Inc$151MTechnologySoftware - Infrastructure-0.39
TELOTelomir Pharmaceuticals Inc$46MHealthcareBiotechnology-0.37

ETFs that lowly correlated with JMIA

SymbolName
AUM
Expense Ratio
Inception Date
Correlation
TNGYTORTOISE ENERGY ETF $600M0.85%Dec 27, 2010-0.66
SETHProShares Short Ether ETF$16M0.95%Nov 1, 2023-0.64
RWMPROSHARES SHORT RUSSELL2000 $143M0.95%Jan 23, 2007-0.62
TWMProShares UltraShort Russell2000 -2x Shares$47MN/AJan 23, 2007-0.61
QQQDDIREXION DAILY MAGNIFICENT 7 BEAR 1X SHARES $23M0.50%Mar 6, 2024-0.61
ETHDProShares UltraShort Ether ETF$84MN/AJun 6, 2024-0.58
EUMProShares Short MSCI Emerging Markets -1x Shares$8.80M0.95%Oct 30, 2007-0.57
EEVProShares UltraShort MSCI Emerging Markets -2x Shares$6.10MN/AOct 30, 2007-0.57
AVSDIREXION DAILY AVGO BEAR 1X SHARES $6.90M1.03%Oct 9, 2024-0.56
SBBProShares Short SmallCap600 -1x Shares$4.10M0.95%Jan 23, 2007-0.56
NVDGRANITESHARES 2X SHORT NVDA DAILY ETF $75MN/AAug 21, 2023-0.55
HIBSDirexion Daily S&P 500 High Beta Bear 3X Shares$19MN/ANov 7, 2019-0.55
SCCProShares UltraShort Consumer Discretionary$6.20MN/AJan 30, 2007-0.55
PSQProShares Short QQQ -1x Shares$519M0.95%Jun 19, 2006-0.55
HDGEADVISORSHARES RANGER EQUITY BEAR ETF $66M3.62%Jan 26, 2011-0.54
LABDDIREXION DAILY S&P BIOTECH BEAR 3X SHARES DIREXION DAILY S&P BIOTECH BEAR 3X SHARES$69MN/AMay 28, 2015-0.54
MYYPROSHARES SHORT MIDCAP400 $2.70M0.95%Jun 19, 2006-0.54
NVDDDIREXION DAILY NVDA BEAR 1X SHARES $23M1.01%Sep 12, 2023-0.54
MZZPROSHARES ULTRASHORT MIDCAP400 $734KN/AJul 11, 2006-0.54
WEBSDIREXION DAILY DOW JONES INTERNET BEAR 3X SHARES $10MN/ANov 7, 2019-0.54
TSMZDIREXION DAILY TSM BEAR 1X SHARES $2.70M1.01%Oct 2, 2024-0.54
YQQQYIELDMAX(R) SHORT N100 OPTION INCOME STRATEGY ETF $14M1.11%Aug 14, 2024-0.53
AIBDDIREXION DAILY AI AND BIG DATA BEAR 2X SHARES $4.20MN/AMay 15, 2024-0.53
DWSHADVISORSHARES DORSEY WRIGHT SHORT ETF $9M6.22%Jul 10, 2018-0.53
SHProShares Short S&P500 -1x Shares$1.20B0.89%Jun 19, 2006-0.53
SPDNDIREXION DAILY S&P 500 (R) BEAR 1X SHARES $220M0.48%Jun 8, 2016-0.53
SDDPROSHARES ULTRASHORT SMALLCAP600 $1.60MN/AJan 23, 2007-0.53
RFIXSimplify Downside Interest Rate Hedge Strategy ETF$56M0.50%Dec 9, 2024-0.53
SDSProShares UltraShort S&P500 -2x Shares$443MN/AJul 11, 2006-0.53
NVDQT-Rex 2X Inverse NVIDIA Daily Target ETF$36MN/AOct 18, 2023-0.51
PLTZDefiance Daily Target 2x Short PLTR ETF$29MN/AJun 5, 2025-0.51
UVIX2x Long VIX Futures ETF$499MN/AMar 28, 2022-0.50
EMTYProShares Decline of the Retail Store ETF -1x Shares$2.90M0.65%Nov 14, 2017-0.49
CRSHYIELDMAX(R) SHORT TSLA OPTION INCOME STRATEGY ETF $19M1.05%May 1, 2024-0.49
SARKTRADR 1X SHORT INNOVATION DAILY ETF $68M0.92%Nov 5, 2021-0.49
BNKDBank of Montreal$1.40MN/AFeb 20, 2025-0.48
QBERTRUESHARES QUARTERLY BEAR HEDGE ETF $62M0.79%Jun 28, 2024-0.46
SIJProShares UltraShort Industrials -2x Shares$6.20MN/AJan 30, 2007-0.46
FNGDBank of Montreal$68MN/AJan 22, 2018-0.46
XOMXDirexion Daily XOM Bull 2X Shares$7.90MN/AApr 22, 2025-0.46
EDZDIREXION DAILY MSCI EMERGING MARKETS BEAR 3X SHARES $37MN/ADec 17, 2008-0.46
EWVProShares UltraShort MSCI Japan -2x Shares$7.20MN/ANov 6, 2007-0.45
REWProShares UltraShort Technology -2x Shares$3.70MN/AJan 30, 2007-0.45
QIDPROSHARES ULTRASHORT QQQ $279MN/AJul 11, 2006-0.45
EFZProShares Short MSCI EAFE -1X Shares$16M0.95%Oct 23, 2007-0.44
EFUProShares UltraShort MSCI EAFE -2x Shares$932KN/AOct 23, 2007-0.44
MSFDDIREXION DAILY MSFT BEAR 1X SHARES $42M1.02%Sep 6, 2022-0.44
DOGPROSHARES SHORT DOW30 $111M0.95%Jun 19, 2006-0.43
DXDPROSHARES ULTRASHORT DOW30 $51MN/AJul 11, 2006-0.43
GGLSDIREXION DAILY GOOGL BEAR 1X SHARES $17M1.02%Sep 6, 2022-0.43
SMDDProShares UltraPro Short MidCap400 -3x Shares$1.90MN/AFeb 9, 2010-0.43
SJBPROSHARES SHORT HIGH YIELD $103M0.95%Mar 21, 2011-0.43
SEFProShares Short Financials -1x Shares$18M0.95%Jun 10, 2008-0.41
AAPDDIREXION DAILY AAPL BEAR 1X SHARES $16M0.96%Aug 8, 2022-0.41
BISProShares UltraShort Nasdaq Biotechnology -2x Shares$2.50MN/AApr 6, 2010-0.41
SKFProShares UltraShort Financials -2x Shares$16MN/AMay 23, 2007-0.41
SDOWProShares UltraPro Short Dow30 -3x Shares$180MN/AFeb 9, 2010-0.41
TSLSDirexion Daily TSLA Bear 1X Shares$76M0.95%Aug 8, 2022-0.41
EPVProShares UltraShort FTSE Europe -2X Shares$14MN/AJun 16, 2009-0.41
TSLQTradr 2X Short TSLA Daily ETF$159MN/AJul 13, 2022-0.41
AMZDDIREXION DAILY AMZN BEAR 1X SHARES $17M1.02%Sep 6, 2022-0.40
NVDSTradr 1.5X Short NVDA Daily ETF$23MN/AJul 13, 2022-0.40
PLTDT-REX 2X INVERSE PLTR DAILY TARGET ETF $29M0.98%Dec 10, 2024-0.39
SPXUProShares UltraPro Short S&P 500$562MN/AJun 23, 2009-0.39
SRTYProShares UltraPro Short Russell2000 -3x Shares$81MN/AFeb 9, 2010-0.39
TSLZT-Rex 2X Inverse Tesla Daily Target ETF$46MN/AOct 18, 2023-0.38
TSDDGRANITESHARES 2X SHORT TSLA DAILY ETF $42MN/AAug 21, 2023-0.37
SMNProShares UltraShort Materials$3.10MN/AJan 30, 2007-0.37
DIPSYIELDMAX(R) SHORT NVDA OPTION INCOME STRATEGY ETF $9.80M1.05%Jul 23, 2024-0.36
SZKProShares UltraShort Consumer Staples$4.70MN/AJan 30, 2007-0.36
FXPProShares UltraShort FTSE China 50 -2x Shares$5.60MN/ANov 6, 2007-0.36
DRIPDIREXION DAILY S&P OIL & GAS EXP. & PROD. BEAR 2X SHARES $117MN/AMay 28, 2015-0.36