AFK vs. NGE
Compare and contrast key facts about VanEck Vectors Africa Index ETF (AFK) and Global X MSCI Nigeria ETF (NGE).
AFK and NGE are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. AFK is a passively managed fund by VanEck that tracks the performance of the Dow Jones Africa Titans 50 Index. It was launched on Jul 10, 2008. NGE is a passively managed fund by Global X that tracks the performance of the MSCI All Nigeria Select 25/50. It was launched on Apr 3, 2013. Both AFK and NGE are passive ETFs, meaning that they are not actively managed but aim to replicate the performance of the underlying index as closely as possible.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: AFK or NGE.
Key characteristics
| AFK | NGE |
|---|
Correlation
The correlation between AFK and NGE is 0.28, 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.
Performance
AFK vs. NGE - Performance Comparison
The chart below displays the growth of a $10,000 investment in both assets, with all prices adjusted for splits and dividends.
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AFK vs. NGE - Expense Ratio Comparison
AFK has a 0.78% expense ratio, which is lower than NGE's 0.89% expense ratio.
Risk-Adjusted Performance
AFK vs. NGE - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for VanEck Vectors Africa Index ETF (AFK) and Global X MSCI Nigeria ETF (NGE). 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.
Dividends
AFK vs. NGE - Dividend Comparison
AFK's dividend yield for the trailing twelve months is around 1.90%, while NGE has not paid dividends to shareholders.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
AFK VanEck Vectors Africa Index ETF | 1.90% | 2.27% | 3.59% | 4.17% | 3.91% | 6.34% | 1.71% | 1.99% | 2.67% | 2.16% | 2.92% | 2.68% |
NGE Global X MSCI Nigeria ETF | 62.28% | 58.96% | 8.08% | 7.90% | 6.76% | 6.31% | 5.49% | 1.92% | 2.46% | 4.30% | 2.90% | 1.05% |
Drawdowns
AFK vs. NGE - Drawdown Comparison
Volatility
AFK vs. NGE - Volatility Comparison
VanEck Vectors Africa Index ETF (AFK) has a higher volatility of 6.22% compared to Global X MSCI Nigeria ETF (NGE) at 0.00%. This indicates that AFK's price experiences larger fluctuations and is considered to be riskier than NGE based on this measure. The chart below showcases a comparison of their rolling one-month volatility.