Global X MSCI Nigeria ETF (NGE)
NGE is a passive ETF by Global X tracking the investment results of the MSCI All Nigeria Select 25/50. NGE launched on Apr 3, 2013 and has a 0.89% expense ratio.
ETF Info
| ISIN | US37954Y6656 |
|---|---|
| CUSIP | 37954Y665 |
| Issuer | Global X |
| Inception Date | Apr 3, 2013 |
| Region | Africa (Nigeria) |
| Category | Emerging Markets Equities |
| Leveraged | 1x |
| Index Tracked | MSCI All Nigeria Select 25/50 |
| Home Page | www.globalxetfs.com |
| Asset Class | Equity |
Asset Class Size | Multi-Cap |
Asset Class Style | Blend |
Expense Ratio
NGE features an expense ratio of 0.89%, falling within the medium range.
Share Price Chart
Loading data...
Compare to other instruments
Search for stocks, ETFs, and funds for a quick comparison or use the comparison tool for more options.
Popular comparisons: NGE vs. AFK, NGE vs. ARCM, NGE vs. VT, NGE vs. SPY, NGE vs. SCHD, NGE vs. VYM, NGE vs. QQQ, NGE vs. SPYI, NGE vs. VOO, NGE vs. VFIAX
Performance
Performance Chart
The chart shows the growth of an initial investment of $10,000 in Global X MSCI Nigeria ETF, comparing it to the performance of the S&P 500 index or another benchmark. All prices have been adjusted for splits and dividends.
Returns By Period
| Period | Return | Benchmark |
|---|---|---|
| Year-To-Date | N/A | 20.10% |
| 1 month | N/A | -0.39% |
| 6 months | N/A | 11.72% |
| 1 year | N/A | 31.44% |
| 5 years (annualized) | N/A | 13.30% |
| 10 years (annualized) | N/A | 10.96% |
Monthly Returns
The table below presents the monthly returns of NGE, with color gradation from worst to best to easily spot seasonal factors. Returns are adjusted for dividends.
| Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec | Total | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2024 | -23.81% | -12.50% | -31.50% | ||||||||||
| 2023 | 21.61% | -4.29% | 2.33% | 19.80% | -18.52% | 29.73% | -1.47% | -13.43% | -1.43% | -10.91% | 0.46% | 3.89% | 17.90% |
| 2022 | 5.40% | -4.31% | 1.82% | 2.63% | -2.36% | -6.25% | -0.06% | -5.83% | -5.24% | -7.54% | 5.71% | 2.86% | -13.48% |
| 2021 | 10.75% | -6.40% | 0.98% | 0.51% | 1.09% | 3.89% | -7.41% | -4.46% | -6.09% | 9.54% | -11.21% | -1.13% | -11.74% |
| 2020 | 4.03% | -17.40% | -28.33% | 5.83% | 14.68% | -6.80% | -2.47% | -0.55% | 3.90% | 19.96% | -0.24% | 8.19% | -9.12% |
| 2019 | 1.71% | 3.04% | -1.57% | -3.77% | -4.45% | 2.11% | -10.44% | -4.55% | 3.49% | -6.52% | 8.42% | -0.42% | -13.53% |
| 2018 | 19.16% | -7.54% | -0.79% | -0.76% | -11.21% | 3.30% | -5.65% | -7.46% | -4.29% | 0.06% | -5.59% | 1.39% | -20.37% |
| 2017 | -1.87% | -7.66% | 3.05% | 1.13% | -0.06% | 16.92% | 9.73% | 4.12% | -1.54% | -0.10% | 0.19% | 4.54% | 29.87% |
| 2016 | -14.31% | -1.32% | 2.18% | 4.43% | 8.79% | -22.22% | -16.51% | 0.44% | 5.28% | -3.54% | -6.10% | 1.29% | -38.17% |
| 2015 | -16.88% | -2.34% | 9.67% | 8.40% | -1.47% | -3.48% | -14.74% | -0.36% | 4.61% | -9.28% | -4.73% | -0.97% | -30.20% |
| 2014 | -6.17% | -6.51% | 0.21% | 6.38% | 5.67% | -0.25% | -2.02% | -0.65% | -4.09% | -9.49% | -12.50% | -7.00% | -32.22% |
| 2013 | -5.14% | 7.09% | -12.94% | 7.07% | -5.74% | 1.20% | 6.08% | 2.77% | 4.26% | 2.68% |
Risk-Adjusted Performance
Risk-Adjusted Performance Rank
The current rank of NGE is 4, indicating that it is in the bottom 4% of ETFs on our website in terms of risk-adjusted performance. This ranking is based on the combined values of the indicators listed below.
Risk-Adjusted Performance Indicators
The charts below present risk-adjusted performance metrics for Global X MSCI Nigeria ETF (NGE) and compare them to a chosen benchmark (^GSPC). These indicators evaluate an investment's returns against its associated risks.
Dividends
Dividend History
Global X MSCI Nigeria ETF provided a 62.28% dividend yield over the last twelve months, with an annual payout of $2.33 per share.
| Period | TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Dividend | $2.33 | $3.22 | $0.60 | $0.73 | $0.77 | $0.84 | $0.90 | $0.42 | $0.42 | $1.22 | $1.22 | $0.68 |
Dividend yield | 62.28% | 58.96% | 8.08% | 7.90% | 6.76% | 6.31% | 5.49% | 1.92% | 2.46% | 4.30% | 2.90% | 1.05% |
Monthly Dividends
The table displays the monthly dividend distributions for Global X MSCI Nigeria ETF. The dividends shown in the table have been adjusted to account for any splits that may have occurred.
| Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec | Total | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2024 | $0.00 | $0.00 | $0.00 | $0.00 | |||||||||
| 2023 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.89 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $2.33 | $3.22 |
| 2022 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.60 | $0.60 |
| 2021 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.73 | $0.73 |
| 2020 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.77 | $0.77 |
| 2019 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.76 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.08 | $0.84 |
| 2018 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.90 | $0.90 |
| 2017 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.42 | $0.42 |
| 2016 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.42 | $0.42 |
| 2015 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $1.22 | $1.22 |
| 2014 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $1.22 | $1.22 |
| 2013 | $0.68 | $0.68 |
Drawdowns
Drawdowns Chart
The Drawdowns chart displays portfolio losses from any high point along the way. Drawdowns are calculated considering price movements and all distributions paid, if any.
Worst Drawdowns
The table below displays the maximum drawdowns of the Global X MSCI Nigeria ETF. A maximum drawdown is a measure of risk, indicating the largest reduction in portfolio value due to a series of losing trades.
The maximum drawdown for the Global X MSCI Nigeria ETF was 86.05%, occurring on Feb 28, 2024. The portfolio has not yet recovered.
Depth | Start | To Bottom | Bottom | To Recover | End | Total |
|---|---|---|---|---|---|---|
| -86.05% | Jul 11, 2014 | 2425 | Feb 28, 2024 | — | — | — |
| -16.86% | Jun 11, 2013 | 11 | Jun 25, 2013 | 142 | Jan 21, 2014 | 153 |
| -16.57% | Jan 22, 2014 | 40 | Mar 19, 2014 | 73 | Jul 2, 2014 | 113 |
| -7.9% | Apr 4, 2013 | 11 | Apr 18, 2013 | 19 | May 15, 2013 | 30 |
| -1.71% | May 31, 2013 | 1 | May 31, 2013 | 6 | Jun 10, 2013 | 7 |
Volatility
Volatility Chart
The current Global X MSCI Nigeria ETF volatility is 3.57%, representing the average percentage change in the investments's value, either up or down over the past month. The chart below shows the rolling one-month volatility.