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 Franklin FTSE South Korea ETF (FLKR) (Asia Pacific Equities) with a 1Y correlation of 0.26, down from 0.39 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Franklin FTSE South Korea ETF | 0.26 | 0.32 | 0.39 | 96 | Asia Pacific Equities | JMIA vs FLKR | |
| ProShares Ultra Semiconductors | 0.32 | 0.35 | 0.47 | 89 | Leveraged Equities, Semiconductors | JMIA vs USD | |
| SPDR S&P Metals & Mining ETF | 0.36 | 0.41 | 0.42 | 78 | Materials | JMIA vs XME | |
| State Street SPDR Portfolio S&P 500 Growth ETF | 0.42 | 0.46 | 0.53 | 60 | S&P 500, Large Cap Growth Equities | JMIA vs SPYG | |
| State Street SPDR S&P 500 ETF | 0.46 | 0.49 | 0.54 | 74 | S&P 500 | JMIA vs SPY |
To view more results, upgrade your current subscription plan.
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 SoFi Technologies, Inc. (SOFI) (Financial Services) with a 1Y correlation of 0.43, down from 0.58 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| SoFi Technologies, Inc. | 0.43 | 0.49 | 0.58 | 55 | Financial Services |
Build a portfolio that complements JMIA
Add JMIA to the Diversification Analyzer to see how it overlaps with your other holdings and which assets balance it best.
Analyze a portfolio with JMIA