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

Correlation

The correlation between NGE and VFIAX is 0.22, 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.


-0.50.00.51.00.2

Performance

NGE vs. VFIAX - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Global X MSCI Nigeria ETF (NGE) and Vanguard 500 Index Fund Admiral Shares (VFIAX). The values are adjusted to include any dividend payments, if applicable.

-100.00%0.00%100.00%200.00%300.00%400.00%JulyAugustSeptemberOctoberNovemberDecember
-84.95%
372.05%
NGE
VFIAX

Key characteristics

Returns By Period


NGE

YTD

N/A

1M

N/A

6M

N/A

1Y

N/A

5Y*

N/A

10Y*

N/A

VFIAX

YTD

25.97%

1M

-0.19%

6M

9.23%

1Y

26.41%

5Y*

14.74%

10Y*

13.05%

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NGE vs. VFIAX - Expense Ratio Comparison

NGE has a 0.89% expense ratio, which is higher than VFIAX's 0.04% 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 VFIAX: current value at 0.04% compared with the broader market ranging from 0.00% to 2.12%.0.50%1.00%1.50%2.00%0.04%

Risk-Adjusted Performance

NGE vs. VFIAX - Risk-Adjusted Performance Comparison

This table presents a comparison of risk-adjusted performance metrics for Global X MSCI Nigeria ETF (NGE) and Vanguard 500 Index Fund Admiral Shares (VFIAX). 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 NGE, currently valued at -1.08, compared to the broader market0.002.004.00-1.082.23
The chart of Sortino ratio for NGE, currently valued at -1.29, compared to the broader market-2.000.002.004.006.008.0010.00-1.302.96
The chart of Omega ratio for NGE, currently valued at 0.60, compared to the broader market0.501.001.502.002.503.000.601.42
The chart of Calmar ratio for NGE, currently valued at -0.30, compared to the broader market0.005.0010.0015.00-0.303.30
The chart of Martin ratio for NGE, currently valued at -0.73, compared to the broader market0.0020.0040.0060.0080.00100.00-0.7314.60
NGE
VFIAX


Rolling 12-month Sharpe Ratio-2.00-1.000.001.002.003.004.00JulyAugustSeptemberOctoberNovemberDecember
-1.08
2.23
NGE
VFIAX

Dividends

NGE vs. VFIAX - Dividend Comparison

NGE has not paid dividends to shareholders, while VFIAX's dividend yield for the trailing twelve months is around 0.90%.


TTM20232022202120202019201820172016201520142013
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%
VFIAX
Vanguard 500 Index Fund Admiral Shares
0.90%1.45%1.68%1.24%1.53%1.87%2.05%1.78%2.02%2.10%1.85%1.84%

Drawdowns

NGE vs. VFIAX - Drawdown Comparison


-80.00%-60.00%-40.00%-20.00%0.00%JulyAugustSeptemberOctoberNovemberDecember
-85.63%
-2.57%
NGE
VFIAX

Volatility

NGE vs. VFIAX - Volatility Comparison

The current volatility for Global X MSCI Nigeria ETF (NGE) is 0.00%, while Vanguard 500 Index Fund Admiral Shares (VFIAX) has a volatility of 3.79%. This indicates that NGE experiences smaller price fluctuations and is considered to be less risky than VFIAX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.


0.00%1.00%2.00%3.00%4.00%5.00%6.00%JulyAugustSeptemberOctoberNovemberDecember0
3.79%
NGE
VFIAX
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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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