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ETFs

Global X MSCI Nigeria ETF

NGE
$--
Today’s Change
-- (--)

Snapshot
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Inception Date
Apr 02 2013
Expense Ratio
0.91%
Type
Global Ex. US Equities
Fund Owner
Global X
Volume (1m avg. daily)
$88,372
AUM
$40,818,220
Associated Index
MSCI All Nigeria Select 25/50 Index
Inverse/Leveraged
No
Passive/Active
Passive
Fractionable on Composer
Yes
Prospectus
View

Top 10 Holdings

DANGCEM
DANGOTE CEMENT PLC
16.11%
GTCO
GUARANTY TRUST HOLDING CO PL
8.20%
ZENITHBA
ZENITH BANK PLC
7.89%
NESTLE
NESTLE NIGERIA PLC
6.60%
FBNH
FBN HOLDINGS PLC
6.14%
MTNN
MTN NIGERIA COMMUNICATIONS P
6.10%
n/a
NIGERIAN NAIRA
5.14%
FIDELITY
FIDELITY BANK/NIGERIA
4.92%
WAPCO
LAFARGE AFRICA PLC
4.35%
ETI
ECOBANK TRANSNATIONAL INC
4.15%
Invest with NGE

What is NGE?

The Global X MSCI Nigeria ETF ETF seeks to provide investment results that correspond generally to the price and yield performance, before fees and expenses, of the MSCI All Nigeria Select 25/50 Index.

ETFs related toNGE

ETFs correlated to NGE include NVDL, DRLL, DFSU

NGE
Global X Funds - Global X MSCI Nigeria ETF
NVDL
GraniteShares ETF Trust - GraniteShares 1.5x Long NVDA Daily ETF
DRLL
EA Series Trust - Strive U.S. Energy ETF
DFSU
Dimensional ETF Trust - Dimensional US Sustainability Core 1 ETF
DFSI
Dimensional ETF Trust - Dimensional International Sustainability Core 1 ETF
DFLV
Dimensional ETF Trust - Dimensional US Large Cap Value ETF
NBCM
Neuberger Berman ETF Trust - Commodity Strategy ETF
DFGR
Dimensional ETF Trust - Dimensional Global Real Estate ETF
RDVI
First Trust Exchange-Traded Fund IV - FT Cboe Vest Rising Dividend Achievers Target Income ETF
FXN
First Trust Exchange-Traded Fund III - First Trust Energy AlphaDEX Fund

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 toNGE

#DRAGON

Dragon Portfolio

Category

Go Global

Risk Rating

Aggressive

#GLOMO

On Top of the World: Global Momentum

Category

Momentum, Lever Up, Go Global

Risk Rating

Moderate

Create your own algorithmic trading strategy with NGE using Composer

FAQ

NGE is a Global Ex. US Equities ETF. The Global X MSCI Nigeria ETF ETF seeks to provide investment results that correspond generally to the price and yield performance, before fees and expenses, of the MSCI All Nigeria Select 25/50 Index.

NGE tracks the MSCI All Nigeria Select 25/50 Index.

No, NGE 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, NGE 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 NGE is -0.0386%. This is the percent change in the value of NGE over the most recent 1-month period. The 3-month return on NGE is 0.1373%. This is the percent change in the value of NGE over the most recent 3-month period.

The standard deviation of NGE for the past year is 0.233%. 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 NGE include EWC, EWT, and EWZ.

ETFs correlated to NGE include NVDL, DRLL, and DFSU.

ETFs that are inversely correlated to NGE include NVDS, SOXS, and DRIP.

Disclaimers

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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.