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ETFs

VanEck Africa Index ETF

AFK
$—
Today’s Change
— (—)

Snapshot
*

Inception Date
Jul 10, 2008
Expense Ratio
0.98%
Type
Global Ex. US Equities
Fund Owner
Van Eck Associates Corporation
Volume (1m avg. daily)
$139,023
AUM
$44,682,500
Associated Index
MVIS GDP Africa Index
Inverse/Leveraged
No
Passive/Active
Passive
Fractionable on Composer
Yes
Prospectus
View

Top 10 Holdings

—
-NGN CASH-
8.49%
ATW
Attijariwafa Bank
5.94%
NPN
Naspers Ltd - Ordinary Shares - Class N
5.61%
AAL
Anglo American plc
4.77%
BCP
Banque Centrale Populaire
4.53%
IVN
Ivanhoe Mines Ltd. - Ordinary Shares - Class A
4.52%
3993
CMOC Group Limited - Ordinary Shares - Class H
4.04%
CMGGF.OTC.GBP
Commercial International Bank (Egypt) SAE Sponsored GDR RegS
4.01%
IAM
Itissalat Al-Maghrib
3.5%
AAF
Airtel Africa Plc
3.14%
Invest with AFK
Trade AFK Options

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.

1M
3M
6M
YTD
1Y
3Y
Max
www.composer.trade

AFK
Performance Measures**

for the time period Jul 14, 2008 to Dec 4, 2025

Returns

1M Trailing Return: 8.5%

The percent change in the value over the most recent 1-month period.

3M Trailing Return: 13.0%

The percent change in the value over the most recent 3-month period.

Measures of Risk or Volatility

Max Drawdown: -62.5%

The greatest percent loss from peak to trough in value over the time period.

Standard Deviation: 23.0%

The typical amount that daily returns vary from the mean of the returns over the time period, standardized to a period of a year.

Measures of Risk-Adjusted Performance

Sharpe Ratio: 0.10

The annualized arithmetic mean of the daily returns divided by the annualized standard deviation of the daily returns for the selected time period.

Calmar Ratio: -0.00

The annualized return divided by the max drawdown for the selected time period.

ETFs related toAFK

ETFs correlated to AFK include EZA, DFAX, IXUS

AFK
MVIS GDP Africa Index
EZA
BlackRock Institutional Trust Company N.A. - iShares MSCI South Africa ETF
DFAX
Dimensional ETF Trust - Dimensional World ex U.S. Core Equity 2 ETF
IXUS
BlackRock Institutional Trust Company N.A. - iShares Core MSCI Total International Stock ETF
VXUS
Vanguard Group, Inc. - Vanguard Total International Stock ETF
VEU
Vanguard Group, Inc. - Vanguard FTSE All-World ex-US ETF
ACWX
BlackRock Institutional Trust Company N.A. - iShares MSCI ACWI ex US ETF
IQDF
FlexShares Trust - FlexShares International Quality Dividend Index Fund
CWI
SSgA Active Trust - SPDR MSCI ACWI ex-US ETF
DISV
Dimensional ETF Trust - Dimensional International Small Cap Value ETF
COPX
Global X Funds - Global X Copper Miners ETF

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.

Trading Strategies
Related toAFK

Grok v 7

Category

Tech/AI tilt, Heavy gold hedge, Global diversification, Crypto sleeve, Thematic ETFs, Real assets, Low bonds, No rebalancing

OOS Cumulative Return

9.81%

Create your own algorithmic trading strategy with AFK using Composer

FAQ

AFK is a Global Ex. US Equities ETF. 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.

AFK tracks the MVIS GDP Africa Index.

No, AFK is not actively managed. It is passively managed. In an actively managed fund, the fund manager makes decisions about how funds are invested. A passively managed fund typically tries to track or follow a market index.

Yes, AFK is passively managed. A passively managed fund typically tries to track or follow a market index. In an actively managed fund, the fund manager makes decisions about how funds are invested.

The 1-month return on AFK is -0.0318%. This is the percent change in the value of AFK over the most recent 1-month period. The 3-month return on AFK is -0.0604%. This is the percent change in the value of AFK over the most recent 3-month period.

The standard deviation of AFK for the past year is 0.2089%. Standard deviation is the typical amount that the daily returns vary from the mean of the returns over the time period, standardized to a period of a year.

ETFs similar to AFK include EZU, VEA, and EFA.

ETFs correlated to AFK include EZA, DFAX, and IXUS.

ETFs that are inversely correlated to AFK include EDZ, EFZ, and EPV.

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.