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AFK vs. NGE
Performance
Risk-Adjusted Performance
Dividends
Drawdowns
Volatility

Correlation

The correlation between AFK and NGE is 0.22, 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.


-0.50.00.51.0
Correlation: 0.2

Performance

AFK vs. NGE - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in VanEck Vectors Africa Index ETF (AFK) and Global X MSCI Nigeria ETF (NGE). The values are adjusted to include any dividend payments, if applicable.

-80.00%-70.00%-60.00%-50.00%-40.00%-30.00%-20.00%NovemberDecember2025FebruaryMarchApril
-16.42%
-84.95%
AFK
NGE

Key characteristics

Returns By Period


AFK

YTD

14.41%

1M

0.85%

6M

5.04%

1Y

18.47%

5Y*

6.93%

10Y*

-1.23%

NGE

YTD

N/A

1M

N/A

6M

N/A

1Y

N/A

5Y*

N/A

10Y*

N/A

*Annualized

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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.


Expense ratio chart for NGE: current value is 0.89%, compared with the broader market range of 0.00% to 2.12%.0.50%1.00%1.50%2.00%
NGE: 0.89%
Expense ratio chart for AFK: current value is 0.78%, compared with the broader market range of 0.00% to 2.12%.0.50%1.00%1.50%2.00%
AFK: 0.78%

Risk-Adjusted Performance

AFK vs. NGE — Risk-Adjusted Performance Rank

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

AFK
The Risk-Adjusted Performance Rank of AFK is 7373
Overall Rank
The Sharpe Ratio Rank of AFK is 7575
Sharpe Ratio Rank
The Sortino Ratio Rank of AFK is 7575
Sortino Ratio Rank
The Omega Ratio Rank of AFK is 7474
Omega Ratio Rank
The Calmar Ratio Rank of AFK is 5858
Calmar Ratio Rank
The Martin Ratio Rank of AFK is 8181
Martin Ratio Rank

NGE
The Risk-Adjusted Performance Rank of NGE is 44
Overall Rank
The Sharpe Ratio Rank of NGE is 44
Sharpe Ratio Rank
The Sortino Ratio Rank of NGE is 55
Sortino Ratio Rank
The Omega Ratio Rank of NGE is 33
Omega Ratio Rank
The Calmar Ratio Rank of NGE is 44
Calmar Ratio Rank
The Martin Ratio Rank of NGE is 55
Martin Ratio Rank
The risk-adjusted ranks indicate the investment's position relative to the market. A rank closer to 100 signifies top-performing investments, while a rank closer to 0 might suggest underperformance, based on the selected ratio. The values are calculated based on the past 12 months of returns.

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.


The chart of Sharpe ratio for AFK, currently valued at 0.82, compared to the broader market-1.000.001.002.003.004.00
AFK: 0.82
The chart of Sortino ratio for AFK, currently valued at 1.25, compared to the broader market-2.000.002.004.006.008.00
AFK: 1.25
The chart of Omega ratio for AFK, currently valued at 1.16, compared to the broader market0.501.001.502.002.50
AFK: 1.16
The chart of Calmar ratio for AFK, currently valued at 0.49, compared to the broader market0.002.004.006.008.0010.0012.00
AFK: 0.49
NGE: 0.00
The chart of Martin ratio for AFK, currently valued at 4.06, compared to the broader market0.0020.0040.0060.00
AFK: 4.06


Rolling 12-month Sharpe Ratio-2.00-1.000.001.002.00NovemberDecember2025FebruaryMarchApril
0.82
-1.00
AFK
NGE

Dividends

AFK vs. NGE - Dividend Comparison

Neither AFK nor NGE has paid dividends to shareholders.


TTM20242023202220212020201920182017201620152014
AFK
VanEck Vectors Africa Index ETF
0.00%0.00%2.28%3.59%4.17%3.91%6.34%1.71%1.99%2.67%2.16%2.92%
NGE
Global X MSCI Nigeria ETF
0.00%0.00%58.96%8.08%7.90%6.76%6.31%5.49%1.92%2.46%4.30%2.90%

Drawdowns

AFK vs. NGE - Drawdown Comparison


-90.00%-80.00%-70.00%-60.00%-50.00%-40.00%-30.00%NovemberDecember2025FebruaryMarchApril
-29.14%
-85.63%
AFK
NGE

Volatility

AFK vs. NGE - Volatility Comparison

VanEck Vectors Africa Index ETF (AFK) has a higher volatility of 13.78% 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.


0.00%5.00%10.00%15.00%NovemberDecember2025FebruaryMarchApril
13.78%
0
AFK
NGE