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

Correlation

The correlation between AFK and QQQ is 0.56, which is considered to be moderate. This suggests that the two assets have some degree of positive relationship in their price movements. Moderate correlation can be acceptable for portfolio diversification, offering a balance between risk and potential returns.


-0.50.00.51.0
Correlation: 0.6

Performance

AFK vs. QQQ - Performance Comparison

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

0.00%500.00%1,000.00%NovemberDecember2025FebruaryMarchApril
-33.41%
1,132.80%
AFK
QQQ

Key characteristics

Sharpe Ratio

AFK:

0.82

QQQ:

0.47

Sortino Ratio

AFK:

1.25

QQQ:

0.82

Omega Ratio

AFK:

1.16

QQQ:

1.11

Calmar Ratio

AFK:

0.44

QQQ:

0.52

Martin Ratio

AFK:

4.06

QQQ:

1.79

Ulcer Index

AFK:

5.03%

QQQ:

6.64%

Daily Std Dev

AFK:

24.94%

QQQ:

25.28%

Max Drawdown

AFK:

-62.45%

QQQ:

-82.98%

Current Drawdown

AFK:

-34.53%

QQQ:

-12.28%

Returns By Period

In the year-to-date period, AFK achieves a 14.41% return, which is significantly higher than QQQ's -7.43% return. Over the past 10 years, AFK has underperformed QQQ with an annualized return of -1.23%, while QQQ has yielded a comparatively higher 16.91% annualized return.


AFK

YTD

14.41%

1M

0.85%

6M

5.04%

1Y

18.47%

5Y*

6.93%

10Y*

-1.23%

QQQ

YTD

-7.43%

1M

0.77%

6M

-4.30%

1Y

10.31%

5Y*

18.26%

10Y*

16.91%

*Annualized

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AFK vs. QQQ - Expense Ratio Comparison

AFK has a 0.78% expense ratio, which is higher than QQQ's 0.20% expense ratio.


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%
Expense ratio chart for QQQ: current value is 0.20%, compared with the broader market range of 0.00% to 2.12%.0.50%1.00%1.50%2.00%
QQQ: 0.20%

Risk-Adjusted Performance

AFK vs. QQQ — 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

QQQ
The Risk-Adjusted Performance Rank of QQQ is 5959
Overall Rank
The Sharpe Ratio Rank of QQQ is 5656
Sharpe Ratio Rank
The Sortino Ratio Rank of QQQ is 5959
Sortino Ratio Rank
The Omega Ratio Rank of QQQ is 5959
Omega Ratio Rank
The Calmar Ratio Rank of QQQ is 6565
Calmar Ratio Rank
The Martin Ratio Rank of QQQ is 5757
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. QQQ - Risk-Adjusted Performance Comparison

This table presents a comparison of risk-adjusted performance metrics for VanEck Vectors Africa Index ETF (AFK) and Invesco QQQ (QQQ). 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
QQQ: 0.47
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
QQQ: 0.82
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
QQQ: 1.11
The chart of Calmar ratio for AFK, currently valued at 0.44, compared to the broader market0.002.004.006.008.0010.0012.00
AFK: 0.44
QQQ: 0.52
The chart of Martin ratio for AFK, currently valued at 4.06, compared to the broader market0.0020.0040.0060.00
AFK: 4.06
QQQ: 1.79

The current AFK Sharpe Ratio is 0.82, which is higher than the QQQ Sharpe Ratio of 0.47. The chart below compares the historical Sharpe Ratios of AFK and QQQ, offering insights into how both investments have performed under varying market conditions. These values are calculated using daily returns over the previous 12 months.


Rolling 12-month Sharpe Ratio-0.500.000.501.001.502.002.503.00NovemberDecember2025FebruaryMarchApril
0.82
0.47
AFK
QQQ

Dividends

AFK vs. QQQ - Dividend Comparison

AFK has not paid dividends to shareholders, while QQQ's dividend yield for the trailing twelve months is around 0.63%.


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%
QQQ
Invesco QQQ
0.63%0.56%0.62%0.80%0.43%0.55%0.74%0.91%0.84%1.06%0.99%1.41%

Drawdowns

AFK vs. QQQ - Drawdown Comparison

The maximum AFK drawdown since its inception was -62.45%, smaller than the maximum QQQ drawdown of -82.98%. Use the drawdown chart below to compare losses from any high point for AFK and QQQ. For additional features, visit the drawdowns tool.


-40.00%-30.00%-20.00%-10.00%0.00%NovemberDecember2025FebruaryMarchApril
-34.53%
-12.28%
AFK
QQQ

Volatility

AFK vs. QQQ - Volatility Comparison

The current volatility for VanEck Vectors Africa Index ETF (AFK) is 13.78%, while Invesco QQQ (QQQ) has a volatility of 16.86%. This indicates that AFK experiences smaller price fluctuations and is considered to be less risky than QQQ based on this measure. The chart below showcases a comparison of their rolling one-month volatility.


4.00%6.00%8.00%10.00%12.00%14.00%16.00%NovemberDecember2025FebruaryMarchApril
13.78%
16.86%
AFK
QQQ