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

Correlation

The correlation between AFK and NGE is 0.27, 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.


-0.50.00.51.00.3

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%JulyAugustSeptemberOctoberNovemberDecember
-25.15%
-84.95%
AFK
NGE

Key characteristics

Returns By Period


AFK

YTD

14.86%

1M

0.32%

6M

-0.38%

1Y

15.44%

5Y*

-1.70%

10Y*

-1.93%

NGE

YTD

N/A

1M

N/A

6M

N/A

1Y

N/A

5Y*

N/A

10Y*

N/A

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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.


NGE
Global X MSCI Nigeria ETF
Expense ratio chart for NGE: current value at 0.89% compared with the broader market ranging from 0.00% to 2.12%.0.50%1.00%1.50%2.00%0.89%
Expense ratio chart for AFK: current value at 0.78% compared with the broader market ranging from 0.00% to 2.12%.0.50%1.00%1.50%2.00%0.78%

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.


Sharpe ratio
The chart of Sharpe ratio for AFK, currently valued at 0.76, compared to the broader market0.002.004.000.76-1.08
The chart of Sortino ratio for AFK, currently valued at 1.13, compared to the broader market-2.000.002.004.006.008.0010.001.13-1.30
The chart of Omega ratio for AFK, currently valued at 1.14, compared to the broader market0.501.001.502.002.503.001.140.60
The chart of Calmar ratio for AFK, currently valued at 0.35, compared to the broader market0.005.0010.0015.000.35-0.30
The chart of Martin ratio for AFK, currently valued at 3.68, compared to the broader market0.0020.0040.0060.0080.00100.003.68-0.73
AFK
NGE


Rolling 12-month Sharpe Ratio-2.00-1.50-1.00-0.500.000.501.001.50JulyAugustSeptemberOctoberNovemberDecember
0.76
-1.08
AFK
NGE

Dividends

AFK vs. NGE - Dividend Comparison

Neither AFK nor NGE has paid dividends to shareholders.


TTM20232022202120202019201820172016201520142013
AFK
VanEck Vectors Africa Index ETF
0.00%2.28%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


-90.00%-80.00%-70.00%-60.00%-50.00%-40.00%-30.00%JulyAugustSeptemberOctoberNovemberDecember
-36.54%
-85.63%
AFK
NGE

Volatility

AFK vs. NGE - Volatility Comparison

VanEck Vectors Africa Index ETF (AFK) has a higher volatility of 5.80% 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%2.00%4.00%6.00%8.00%10.00%JulyAugustSeptemberOctoberNovemberDecember
5.80%
0
AFK
NGE
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Disclaimer

The information contained herein does not constitute investment advice and made available for educational purposes only. Prices and returns on equities are listed without consideration of fees, commissions, taxes, penalties, or interest payable due to purchasing, holding, or selling.

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