Correlation
The correlation between NGE and SPYI is 0.13, 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.
NGE vs. SPYI
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.
Performance
NGE vs. SPYI - Performance Comparison
Loading data...
Key characteristics
Returns By Period
NGE
N/A
N/A
N/A
N/A
N/A
N/A
N/A
SPYI
1.48%
4.27%
-0.36%
11.69%
N/A
N/A
N/A
Compare stocks, funds, or ETFs
Search for stocks, ETFs, and funds for a quick comparison or use the comparison tool for more options.
NGE vs. SPYI - Expense Ratio Comparison
NGE has a 0.89% expense ratio, which is higher than SPYI's 0.68% expense ratio.
Risk-Adjusted Performance
NGE vs. SPYI — Risk-Adjusted Performance Rank
NGE
SPYI
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.
Loading data...
Dividends
NGE vs. SPYI - Dividend Comparison
NGE has not paid dividends to shareholders, while SPYI's dividend yield for the trailing twelve months is around 12.54%.
| TTM | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
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 | 12.54% | 12.04% | 12.01% | 4.10% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
Drawdowns
NGE vs. SPYI - Drawdown Comparison
Loading data...
Volatility
NGE vs. SPYI - Volatility Comparison
Loading data...