NGE vs. ARCM
Compare and contrast key facts about Global X MSCI Nigeria ETF (NGE) and Arrow Reserve Capital Management ETF (ARCM).
NGE and ARCM are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. 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. ARCM is an actively managed fund by Arrow Funds. It was launched on Mar 31, 2017.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: NGE or ARCM.
Key characteristics
| NGE | ARCM |
|---|
Correlation
The correlation between NGE and ARCM is 0.03, 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
NGE vs. ARCM - 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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NGE vs. ARCM - Expense Ratio Comparison
NGE has a 0.89% expense ratio, which is higher than ARCM's 0.50% expense ratio.
Risk-Adjusted Performance
NGE vs. ARCM - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for Global X MSCI Nigeria ETF (NGE) and Arrow Reserve Capital Management ETF (ARCM). 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
NGE vs. ARCM - Dividend Comparison
NGE has not paid dividends to shareholders, while ARCM's dividend yield for the trailing twelve months is around 4.92%.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
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% |
ARCM Arrow Reserve Capital Management ETF | 4.92% | 4.26% | 0.90% | 0.02% | 0.84% | 2.32% | 1.90% | 0.60% | 0.00% | 0.00% | 0.00% | 0.00% |
Drawdowns
NGE vs. ARCM - Drawdown Comparison
Volatility
NGE vs. ARCM - Volatility Comparison
The current volatility for Global X MSCI Nigeria ETF (NGE) is 0.00%, while Arrow Reserve Capital Management ETF (ARCM) has a volatility of 0.09%. This indicates that NGE experiences smaller price fluctuations and is considered to be less risky than ARCM based on this measure. The chart below showcases a comparison of their rolling one-month volatility.