Snapshot*
Top 10 Holdings
What is AFK?
VanEck Africa Index ETF (AFK) seeks to replicate as closely as possible, before fees and expenses, the price and yield performance of the MVIS GDP Africa Index (MVAFKTR), which includes local listings of companies that are incorporated in Africa and listings of companies incorporated outside of Africa but that have at least 50% of their revenues/related assets in Africa.
ETFs related toAFK
ETFs correlated to AFK include EZA, DFAX, IXUS
What is ETF correlation?
Correlation is a measure of the strength of the relationship between two ETFs. It quantifies the degree to which prices of the two ETFs typically move together.
Here, correlation is measured over the past year with the Pearson correlation coefficient (Pearon’s r), which ranges from -1 to 1.
Using ETF correlations in portfolio and strategy construction
ETF correlations can help you create investing strategies and portfolios. Use them to:
- •Build a diversified portfolio from uncorrelated or inversely correlated ETFs with the aim of minimizing portfolio risk.
- •Compare correlated or related ETFs to find one with a lower expense ratio or higher trading volume.
- •Create an investing strategy that hedges an ETF with an uncorrelated or inversely correlated ETF.
Automated Strategies
Related toAFK
Diversify with Private Equity
Diversify with Global Exposure
Category
Momentum, Tactical Asset Allocation, Go Global, Diversification
Risk Rating
Aggressive
Create your own algorithmic trading strategy with AFK using Composer
News Related to AFK
Reported Earlier, JPMorgan Chase CEO Jamie Dimon Told Reuters The Bank Plans To Enter Kenya, Ivory Coast This Year As Part Of Africa Expansion
Oct 16, 2024 • by Benzinga NewsdeskVisa Pledges To Invest $1B In Africa To Accelerate Digital Transformation
Dec 14, 2022 • by Benzinga NewsdeskRussia's Putin Told Erdogan That Russia Is Ready To Supply Significant Amount Of Grain, Fertilizers To Africa For Free
Nov 1, 2022 • by Benzinga Newsdesk'EU to Consider Easing Omicron Travel Curbs on Southern Africa' -Bloomberg Report
Dec 6, 2021 • by Benzinga NewsdeskFAQ
Disclaimers
We show information directly obtained from our data provider, Xignite. Data shown here is provided by Xignite, an unaffiliated third party. Composer believes the information shown here is reliable, but has not been verified and there is no guarantee that the information is accurate.
We show information based on calculations performed by Composer using data from our provider. Information provided here is based on calculations performed by Composer using data sourced from Xignite, an unaffiliated third party. Composer believes this information is reliable, but has not verified the data and there is no guarantee that the calculations are accurate.