Looking to balance out your exposure to JMIA? The ETFs below have the lowest correlation with JMIA — they tend to move on their own, which can help reduce risk when JMIA drops. The stock ideas table highlights individual companies that behave independently from JMIA.
Best Diversifiers for JMIA
1 ETFs have low correlation with JMIA (below 0.3), 0 of which are negatively correlated. The least correlated is Invesco Emerging Markets Sovereign Debt ETF (PCY) (Emerging Markets Bonds) with a 1Y correlation of 0.29, roughly unchanged from 0.35 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Invesco Emerging Markets Sovereign Debt ETF | 0.29 | 0.35 | 0.35 | 59 | Emerging Markets Bonds | JMIA vs PCY | |
| Franklin FTSE South Korea ETF | 0.32 | 0.33 | 0.40 | 86 | South Korea Equities, Asia Pacific Equities | JMIA vs FLKR | |
| ProShares Ultra Semiconductors | 0.36 | 0.36 | 0.47 | 60 | Leveraged Equities, Semiconductors | JMIA vs USD | |
| iShares MSCI Emerging Markets ETF | 0.43 | 0.45 | 0.53 | 55 | Emerging Markets Diversified | JMIA vs EEM | |
| State Street SPDR S&P 500 ETF | 0.49 | 0.50 | 0.55 | 65 | S&P 500 | JMIA vs SPY |
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Low-Correlation Stock Ideas
If you're looking for individual stocks that move independently from JMIA, these are worth exploring. The table shows U.S. companies ($1B+ market cap) with low correlation to JMIA and solid risk/return profiles. The least correlated is The Coca-Cola Company (KO) (Consumer Defensive) with a 1Y correlation of -0.21, down from -0.01 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| The Coca-Cola Company | -0.21 | -0.07 | -0.01 | 84 | Consumer Defensive | |
| Tyson Foods, Inc. | 0.00 | 0.02 | 0.10 | 58 | Consumer Defensive | |
| Vodafone Group Plc | 0.07 | 0.14 | 0.18 | 85 | Communication Services | |
| Telefonaktiebolaget LM Ericsson (publ) | 0.14 | 0.25 | 0.33 | 75 | Technology | |
| Telefônica Brasil S.A. | 0.15 | 0.18 | 0.20 | 72 | Communication Services |
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