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AFK vs. FLTR
Performance
Return for Risk
Drawdowns
Volatility
Dividends

AFK vs. FLTR

Last updated Jun 3, 2026

AFK (VanEck Vectors Africa Index ETF) and FLTR (VanEck Vectors Investment Grade Floating Rate ETF) are both exchange-traded funds - AFK is a Foreign Large Cap Equities fund tracking the Dow Jones Africa Titans 50 Index, while FLTR is a Corporate Bonds fund tracking the MVIS US Investment Grade Floating Rate Index. Both are passively managed. Over the past 10 years, AFK returned 5.75%/yr vs 3.51%/yr for FLTR. At a 0.09 correlation, their price movements are largely independent. AFK charges 0.78%/yr vs 0.14%/yr for FLTR.

Performance

AFK vs. FLTR - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in VanEck Vectors Africa Index ETF (AFK) and VanEck Vectors Investment Grade Floating Rate ETF (FLTR). The values are adjusted to include any dividend payments, if applicable.

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Returns By Period

In the year-to-date period, AFK achieves a 3.48% return, which is significantly higher than FLTR's 1.95% return. Over the past 10 years, AFK has outperformed FLTR with an annualized return of 5.75%, while FLTR has yielded a comparatively lower 3.51% annualized return.

AFK

1D
0.73%
1M
3.28%
YTD
3.48%
6M
13.04%
1Y
44.31%
3Y*
23.18%
5Y*
6.45%
10Y*
5.75%

FLTR

1D
0.00%
1M
0.54%
YTD
1.95%
6M
2.44%
1Y
5.34%
3Y*
6.12%
5Y*
4.49%
10Y*
3.51%
*Multi-year figures are annualized to reflect compound growth (CAGR)

AFK vs. FLTR - Yearly Performance Comparison

2026 (YTD)202520242023202220212020201920182017
AFK
VanEck Vectors Africa Index ETF		3.48%74.71%12.10%-12.11%-17.31%3.00%4.26%9.90%-19.55%28.22%
FLTR
VanEck Vectors Investment Grade Floating Rate ETF		1.95%5.22%7.38%7.41%0.74%0.55%1.44%5.70%0.30%2.80%

Correlation

The correlation between AFK and FLTR is 0.07, meaning there is essentially no relationship between their price movements. Each responds to its own set of market drivers, making them strong candidates for combining in a diversified portfolio.

Correlation
Correlation (1Y)
Calculated over the trailing 1-year period

0.07

Correlation (3Y)
Calculated over the trailing 3-year period

0.13

Correlation (5Y)
Calculated over the trailing 5-year period

0.18

Correlation (10Y)
Calculated over the trailing 10-year period

0.13

Correlation (All Time)
Calculated using the full available price history since Apr 27, 2011

0.09

The correlation between AFK and FLTR shifts across timeframes, from 0.07 (1 year) to 0.18 (5 years), reflecting how their relationship changes across market environments.

Compare stocks, funds, or ETFs

Search for stocks, ETFs, and funds for a quick comparison or use the comparison tool for more options.

VanEck Vectors Africa Index ETF

VanEck Vectors Investment Grade Floating Rate ETF

Often compared with AFK:
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Often compared with FLTR:
FLTR vs. FLOTFLTR vs. SGOVFLTR vs. VRIGFLTR vs. ICSHFLTR vs. JBBBFLTR vs. USFRFLTR vs. TDTT

Return for Risk

AFK vs. FLTR — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.
AFK
AFK Risk / Return Rank: 4848
Overall Rank
AFK Sharpe Ratio Rank: 5050
Sharpe Ratio Rank
AFK Sortino Ratio Rank: 4444
Sortino Ratio Rank
AFK Omega Ratio Rank: 5050
Omega Ratio Rank
AFK Calmar Ratio Rank: 4949
Calmar Ratio Rank
AFK Martin Ratio Rank: 4545
Martin Ratio Rank
FLTR
FLTR Risk / Return Rank: 9999
Overall Rank
FLTR Sharpe Ratio Rank: 9999
Sharpe Ratio Rank
FLTR Sortino Ratio Rank: 9999
Sortino Ratio Rank
FLTR Omega Ratio Rank: 9999
Omega Ratio Rank
FLTR Calmar Ratio Rank: 9898
Calmar Ratio Rank
FLTR Martin Ratio Rank: 9999
Martin Ratio Rank
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.

AFK vs. FLTR - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for VanEck Vectors Africa Index ETF (AFK) and VanEck Vectors Investment Grade Floating Rate ETF (FLTR). 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.

AFKFLTRDifference

Sharpe ratio

Return per unit of total volatility

1.74

6.84

-5.10

Sortino ratio

Return per unit of downside risk

2.22

12.94

-10.71

Omega ratio

Gain probability vs. loss probability

1.31

3.20

-1.89

Calmar ratio

Return relative to maximum drawdown

2.44

17.53

-15.09

Martin ratio

Return relative to average drawdown

7.38

104.93

-97.54

Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

AFK vs. FLTR - Sharpe Ratio Comparison

The current AFK Sharpe Ratio is 1.74, which is lower than the FLTR Sharpe Ratio of 6.84. The chart below compares the historical Sharpe Ratios of AFK and FLTR, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

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Sharpe Ratios by Period

AFKFLTRDifference

Sharpe Ratio (1Y)

Calculated over the trailing 1-year period

1.74

6.84

-5.10

Sharpe Ratio (5Y)

Calculated over the trailing 5-year period

0.29

2.11

-1.82

Sharpe Ratio (10Y)

Calculated over the trailing 10-year period

0.26

0.70

-0.44

Sharpe Ratio (All Time)

Calculated using the full available price history

0.01

0.53

-0.52

Drawdowns

AFK vs. FLTR - Drawdown Comparison

The maximum AFK drawdown since its inception was -62.46%, which is greater than FLTR's maximum drawdown of -17.84%. Use the drawdown chart below to compare losses from any high point for AFK and FLTR.

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Drawdown Indicators

AFKFLTRDifference

Max Drawdown

Largest peak-to-trough decline

-62.46%

-17.84%

-44.62%

Max Drawdown (1Y)

Largest decline over 1 year

-19.54%

-0.31%

-19.23%

Max Drawdown (3Y)

Largest decline over 3 years

-19.54%

-1.93%

-17.61%

Max Drawdown (5Y)

Largest decline over 5 years

-38.46%

-3.06%

-35.40%

Max Drawdown (10Y)

Largest decline over 10 years

-53.33%

-17.84%

-35.49%

Current Drawdown

Current decline from peak

-9.42%

0.00%

-9.42%

Average Drawdown

Average peak-to-trough decline

-32.04%

-0.67%

-31.37%

Ulcer Index

Depth and duration of drawdowns from previous peaks

6.45%

0.05%

+6.40%

Volatility

AFK vs. FLTR - Volatility Comparison

VanEck Vectors Africa Index ETF (AFK) has a higher volatility of 8.12% compared to VanEck Vectors Investment Grade Floating Rate ETF (FLTR) at 0.24%. This indicates that AFK's price experiences larger fluctuations and is considered to be riskier than FLTR based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

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Volatility by Period

AFKFLTRDifference

Volatility (1M)

Calculated over the trailing 1-month period

8.12%

0.24%

+7.88%

Volatility (6M)

Calculated over the trailing 6-month period

22.33%

0.62%

+21.71%

Volatility (1Y)

Calculated over the trailing 1-year period

25.62%

0.79%

+24.83%

Volatility (5Y)

Calculated over the trailing 5-year period, annualized

22.07%

2.13%

+19.94%

Volatility (10Y)

Calculated over the trailing 10-year period, annualized

22.16%

5.00%

+17.16%

AFK vs. FLTR - Expense Ratio Comparison

AFK has a 0.78% expense ratio, which is higher than FLTR's 0.14% expense ratio.

Dividends

AFK vs. FLTR - Dividend Comparison

AFK's dividend yield for the trailing twelve months is around 0.98%, less than FLTR's 4.73% yield.

PositionTTM20252024202320222021202020192018201720162015
AFK
VanEck Vectors Africa Index ETF		0.98%1.02%0.00%2.27%3.59%4.17%3.91%6.34%1.71%1.99%2.67%2.16%
FLTR
VanEck Vectors Investment Grade Floating Rate ETF		4.73%4.97%5.93%6.07%2.29%0.63%1.49%3.05%2.67%1.69%1.16%0.71%

Frequently Asked Questions

AFK and FLTR have a correlation of 0.07, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

AFK has higher volatility (8.12%) compared to FLTR (0.24%). In terms of maximum drawdown, AFK dropped -62.46% vs FLTR's -17.84%.

On 10-year performance, AFK leads with 5.75% vs 3.51% for FLTR. On fees, FLTR is cheaper at 0.14% per year. On volatility, FLTR has been the lower-risk option at 0.24%. The better choice depends on whether you care most about return, fees, risk, or income.

Over the 10-year period, AFK has performed better with a 5.75% return vs 3.51%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

FLTR is cheaper with a 0.14% expense ratio, compared with 0.78% for AFK.

FLTR has the higher dividend yield at 4.73%, compared with 0.98% for AFK.

AFK is categorized as Foreign Large Cap Equities, while FLTR is Corporate Bonds. AFK tracks Dow Jones Africa Titans 50 Index, while FLTR tracks MVIS US Investment Grade Floating Rate Index. Their fees differ too: 0.78% for AFK and 0.14% for FLTR.

FLTR currently has the higher Sharpe Ratio (6.84 vs 1.74), meaning it's delivered slightly more return per unit of risk over the trailing 12 months. However, this ranking shifts over time - use the Risk/Return Score above for a more comprehensive view that combines Sharpe, Sortino, and other measures used by quantitative funds.

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