JMIA vs. GRAB

Last updated Apr 1, 2026

Compare and contrast key facts about Jumia Technologies AG (JMIA) and Grab Holdings Limited (GRAB).

Performance

JMIA vs. GRAB - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Jumia Technologies AG (JMIA) and Grab Holdings Limited (GRAB). The values are adjusted to include any dividend payments, if applicable.

JMIA vs. GRAB - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020
JMIA Jumia Technologies AG	-44.76%	226.96%	8.22%	9.97%	-71.84%	-71.75%	45.09%
GRAB Grab Holdings Limited	-26.65%	5.72%	40.06%	4.66%	-54.84%	-44.56%	8.16%

Fundamentals

EPS JMIA : -$1.51 GRAB : $0.06
PS Ratio JMIA : 1.49 GRAB : 4.65
Total Revenue (TTM) JMIA : $188.93M GRAB : $3.37B
Gross Profit (TTM) JMIA : $101.78M GRAB : $1.46B
EBITDA (TTM) JMIA : -$47.85M GRAB : $421.00M

Returns By Period

In the year-to-date period, JMIA achieves a -44.76% return, which is significantly lower than GRAB's -26.65% return.

JMIA

• 1D: 7.48%
• 1M: -16.16%
• YTD: -44.76%
• 6M: -40.57%
• 1Y: 220.93%
• 3Y*: 28.00%
• 5Y*: -28.91%
• 10Y*: —

GRAB

• 1D: 3.68%
• 1M: -13.27%
• YTD: -26.65%
• 6M: -39.20%
• 1Y: -19.21%
• 3Y*: 6.73%
• 5Y*: -21.07%
• 10Y*: —

*Multi-year figures are annualized to reflect compound growth (CAGR)

Return for Risk

JMIA vs. GRAB — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.

JMIA

JMIA Risk / Return Rank: 91
JMIA Sharpe Ratio Rank: 95
JMIA Sortino Ratio Rank: 92
JMIA Omega Ratio Rank: 88
JMIA Calmar Ratio Rank: 90
JMIA Martin Ratio Rank: 90

GRAB

GRAB Risk / Return Rank: 24
GRAB Sharpe Ratio Rank: 23
GRAB Sortino Ratio Rank: 23
GRAB Omega Ratio Rank: 24
GRAB Calmar Ratio Rank: 29
GRAB Martin Ratio Rank: 24

The rank (0–100) shows how this investment's returns compare to the risk taken. Higher = better. Based on the past 12 months of data, combining Sharpe, Sortino, and other metrics used by quantitative funds and institutional investors.

JMIA vs. GRAB - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Jumia Technologies AG (JMIA) and Grab Holdings Limited (GRAB). Risk-adjusted metrics are performance indicators that assess an investment's returns in relation to its risk, enabling a more accurate comparison of different investment options.

	JMIA	GRAB	Difference
Sharpe ratio Return per unit of total volatility	2.57	-0.43	+2.99
Sortino ratio Return per unit of downside risk	3.14	-0.35	+3.50
Omega ratio Gain probability vs. loss probability	1.36	0.96	+0.40
Calmar ratio Return relative to maximum drawdown	3.71	-0.44	+4.15
Martin ratio Return relative to average drawdown	10.75	-1.01	+11.76
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

JMIA vs. GRAB - Sharpe Ratio Comparison

The current JMIA Sharpe Ratio is 2.57, which is higher than the GRAB Sharpe Ratio of -0.43. The chart below compares the historical Sharpe Ratios of JMIA and GRAB, offering insights into how both investments have performed under varying market conditions. These values are calculated using daily returns over the previous 12 months.

Sharpe Ratios by Period

	JMIA	GRAB	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	2.57	-0.43	+2.99
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	-0.32	-0.35	+0.03
Sharpe Ratio (All Time) Calculated using the full available price history	-0.16	-0.32	+0.16

Correlation

The correlation between JMIA and GRAB is 0.39, which is considered to be low. This implies their price changes are not closely related. A low correlation is generally favorable for portfolio diversification, as it helps to reduce overall risk by spreading it across multiple assets with different performance patterns.

Dividends

JMIA vs. GRAB - Dividend Comparison

Neither JMIA nor GRAB has paid dividends to shareholders.

Tickers have no history of dividend payments

Drawdowns

JMIA vs. GRAB - Drawdown Comparison

The maximum JMIA drawdown since its inception was -97.36%, which is greater than GRAB's maximum drawdown of -86.46%. Use the drawdown chart below to compare losses from any high point for JMIA and GRAB.

Drawdown Indicators

	JMIA	GRAB	Difference
Max Drawdown Largest peak-to-trough decline	-97.36%	-86.46%	-10.90%
Max Drawdown (1Y) Largest decline over 1 year	-56.03%	-45.27%	-10.76%
Max Drawdown (5Y) Largest decline over 5 years	-95.52%	-86.46%	-9.06%
Current Drawdown Current decline from peak	-89.47%	-78.55%	-10.92%
Average Drawdown Average peak-to-trough decline	-81.12%	-66.96%	-14.16%
Ulcer Index Depth and duration of drawdowns from previous peaks	19.36%	19.65%	-0.29%

Volatility

JMIA vs. GRAB - Volatility Comparison

Jumia Technologies AG (JMIA) has a higher volatility of 17.12% compared to Grab Holdings Limited (GRAB) at 10.39%. This indicates that JMIA's price experiences larger fluctuations and is considered to be riskier than GRAB based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	JMIA	GRAB	Difference
Volatility (1M) Calculated over the trailing 1-month period	17.12%	10.39%	+6.73%
Volatility (6M) Calculated over the trailing 6-month period	50.76%	27.41%	+23.35%
Volatility (1Y) Calculated over the trailing 1-year period	86.81%	45.26%	+41.55%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	91.98%	60.61%	+31.37%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	104.01%	61.31%	+42.70%

Financials

JMIA vs. GRAB - Profitability Comparison

The chart below illustrates the profitability comparison between Jumia Technologies AG and Grab Holdings Limited over time, highlighting three key metrics: Gross Profit Margin, Operating Margin, and Net Profit Margin.

JMIA - Gross Margin

Gross margin is calculated as gross profit divided by revenue. For the three months ending on Apr 2026, Jumia Technologies AG reported a gross profit of 34.16M and revenue of 61.40M. Therefore, the gross margin over that period was 55.7%.

GRAB - Gross Margin

Gross margin is calculated as gross profit divided by revenue. For the three months ending on Apr 2026, Grab Holdings Limited reported a gross profit of 397.00M and revenue of 906.00M. Therefore, the gross margin over that period was 43.8%.

JMIA - Operating Margin

Operating margin is calculated as operating income divided by revenue. For the three months ending on Apr 2026, Jumia Technologies AG reported an operating income of -10.63M and revenue of 61.40M, resulting in an operating margin of -17.3%.

GRAB - Operating Margin

Operating margin is calculated as operating income divided by revenue. For the three months ending on Apr 2026, Grab Holdings Limited reported an operating income of 95.00M and revenue of 906.00M, resulting in an operating margin of 10.5%.

JMIA - Net Margin

Net margin is calculated as net income divided by revenue. For the three months ending on Apr 2026, Jumia Technologies AG reported a net income of -10.31M and revenue of 61.40M, resulting in a net margin of -16.8%.

GRAB - Net Margin

Net margin is calculated as net income divided by revenue. For the three months ending on Apr 2026, Grab Holdings Limited reported a net income of 171.00M and revenue of 906.00M, resulting in a net margin of 18.9%.