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

NGE vs. SPYI

Last updated May 12, 2025

Compare and contrast key facts about Global X MSCI Nigeria ETF (NGE) and NEOS S&P 500 High Income ETF (SPYI).

NGE and SPYI 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. SPYI is an actively managed fund by Neos. It was launched on Aug 29, 2022.

Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: NGE or SPYI.

Correlation

The correlation between NGE and SPYI is 0.00. This indicates that the assets' prices tend to move in opposite directions. Negative correlation can be particularly beneficial for diversification and risk management, as one asset may offset the losses of the other during market fluctuations.

Performance

NGE vs. SPYI - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Global X MSCI Nigeria ETF (NGE) and NEOS S&P 500 High Income ETF (SPYI). The values are adjusted to include any dividend payments, if applicable.

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Key characteristics

Returns By Period

NGE

YTD

N/A

1M

N/A

6M

N/A

1Y

N/A

5Y*

N/A

10Y*

N/A

SPYI

YTD

N/A

1M

N/A

6M

N/A

1Y

N/A

5Y*

N/A

10Y*

N/A

*Annualized

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NGE vs. SPYI - Expense Ratio Comparison

NGE has a 0.89% expense ratio, which is higher than SPYI's 0.68% expense ratio.

NGE
Global X MSCI Nigeria ETF
SPYI
NEOS S&P 500 High Income ETF

Risk-Adjusted Performance

NGE vs. SPYI — Risk-Adjusted Performance Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.
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
SPYI
The Risk-Adjusted Performance Rank of SPYI is 6868
Overall Rank
The Sharpe Ratio Rank of SPYI is 6363
Sharpe Ratio Rank
The Sortino Ratio Rank of SPYI is 6363
Sortino Ratio Rank
The Omega Ratio Rank of SPYI is 7272
Omega Ratio Rank
The Calmar Ratio Rank of SPYI is 6969
Calmar Ratio Rank
The Martin Ratio Rank of SPYI is 7070
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.

NGE vs. SPYI - Risk-Adjusted Performance Comparison

This table presents a comparison of risk-adjusted performance metrics for Global X MSCI Nigeria ETF (NGE) and NEOS S&P 500 High Income ETF (SPYI). 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.

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Dividends

NGE vs. SPYI - Dividend Comparison

Neither NGE nor SPYI has paid dividends to shareholders.

TTM20242023202220212020201920182017201620152014
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%
SPYI
NEOS S&P 500 High Income ETF		0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.00%

Drawdowns

NGE vs. SPYI - Drawdown Comparison

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Volatility

NGE vs. SPYI - Volatility Comparison

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