Data Source: from August 2008 to October 2022 (~14 years)
Consolidated Returns as of 31 October 2022
Live Update: Nov 29 2022, 03:54PM Eastern Time
Category: Stocks
ETF: VanEck Africa Index ETF (AFK)
ETF • LIVE PERFORMANCE (USD currency)
1.29%
1 Day
Nov 29 2022, 03:54PM Eastern Time
11.65%
Current Month
November 2022

In the last 10 Years, the VanEck Africa Index ETF (AFK) ETF obtained a -3.91% compound annual return, with a 19.66% standard deviation.

In 2021, the ETF granted a 4.12% dividend yield. If you are interested in getting periodic income, please refer to the VanEck Africa Index ETF (AFK) ETF: Dividend Yield page.

The ETF is related to the following investment themes:

  • Asset Class: Equity
  • Size: Multi Cap
  • Style: Blend
  • Region: Africa
  • Country: Broad Africa

Historical Returns as of Oct 31, 2022

Historical returns and Metrics of VanEck Africa Index ETF (AFK) ETF.

Returns and metrics are calculated based on monthly returns, assuming:
  • No fees or capital gain taxes
  • the reinvestment of dividends
VANECK AFRICA INDEX ETF (AFK) ETF
Portfolio Metrics
Data Source: 1 August 2008 - 31 October 2022 (~14 years)
Swipe left to see all data
Metrics as of Oct 31, 2022
1M 3M 6M 1Y 3Y 5Y 10Y MAX
(~14Y)
Portfolio
Return (%)
2.46 -10.65 -20.86 -24.66 -4.26 -4.63 -3.91 -4.01
US Inflation (%) 0.41 0.59 3.08 7.75 5.01 3.85 2.57 2.15
Infl. Adjusted
Return (%)
2.04 -11.17 -23.23 -30.08 -8.83 -8.17 -6.32 -6.03
Returns / Inflation rates over 1 year are annualized.
RISK INDICATORS
Standard Deviation (%) 18.30 25.62 22.05 19.66 22.84
Sharpe Ratio -1.39 -0.18 -0.25 -0.23 -0.35
Sortino Ratio -1.83 -0.23 -0.33 -0.31 -0.48
MAXIMUM DRAWDOWN
Drawdown Depth (%) -29.15 -37.70 -47.68 -55.15 -57.83
Start (yyyy mm) 2022 03 2020 01 2018 02 2014 09 2008 08
Bottom (yyyy mm) 2022 09 2020 03 2020 03 2020 03 2020 03
Start to Bottom (# months) 7 3 26 67 140
Start to Recovery (# months) in progress
> 8
12
> 57
> 98
> 171
ROLLING PERIOD RETURNS - Annualized
Best Return (%) 72.74 20.90 14.37 4.57
Worst Return (%) -37.46 -16.61 -10.13 -6.07
% Positive Periods 56% 57% 38% 25%
MONTHS
Positive 1 1 2 5 21 31 59 86
Negative 0 2 4 7 15 29 61 85
% Positive 100% 33% 33% 42% 58% 52% 49% 50%
WITHDRAWAL RATES (WR)
Safe WR (%) 35.70 18.72 7.73 4.33
Perpetual WR (%) 0.00 0.00 0.00 0.00
Terms and Definitions
  • Annualized Portfolio Return: it's the annualized geometric mean return of the ETF
  • Standard Deviation: it's a measure of the dispersion of returns around the mean
  • Sharpe Ratio: it's a measure of risk-adjusted performance of the ETF. It's calculated by dividing the excess return of the ETF over the risk-free rate by the ETF standard deviation. The risk-free rate here considered is the 1-3 Mth T-Bill return.
  • Sortino Ratio: another measure of risk-adjusted performance of the ETF. It's a modification of the Sharpe Ratio (same formula but the denominator is the ETF downside standard deviation).
  • Maximum Drawdown: a drawdown refers to the decline in value from a relative peak value to a relative trough. A maximum drawdown is the maximum observed loss from a peak to a trough of a portfolio before a new peak is attained.
  • Rolling Returns: returns over a time frame (best, worst, % of positive returns).
  • Pos./Neg. Months: number of months with positive/negative return.
  • Safe Withdrawal Rate (SWR): it's the percentage of the original portfolio balance that can be withdrawn at the end of each year with inflation adjustment, without the portfolio running out of money (dollar amount withdrawal).
  • Perpetual Withdrawal Rate (PWR): it's the percentage of portfolio balance that can be withdrawn at the end of each year, while retaining the inflation adjusted portfolio balance (percentage withdrawal).

Correlations as of Oct 31, 2022

Monthly correlations of VanEck Africa Index ETF (AFK) ETF vs the main Asset Classes, over different timeframes.

Correlation measures to what degree the returns of the two assets move in relation to each other.

Correlation coefficient is a numerical value between -1 and +1.

If one variable goes up by a certain amount, the correlation coefficient indicates which way the other variable moves and by how much.

Asset correlations are calculated based on monthly returns.

Columns are sortable (click on table header to sort).

VANECK AFRICA INDEX ETF (AFK) ETF
Monthly correlations as of 31 October 2022
Swipe left to see all data
Correlation vs AFK
 
Asset Class 1 Year 5 Years 10 Years Since
Aug 2008
US Total Stock Market
VTI
0.74
0.80
0.69
0.75
US Large Cap
SPY
0.74
0.78
0.68
0.74
US Small Cap
IJR
0.75
0.81
0.63
0.68
US REITs
VNQ
0.65
0.69
0.51
0.57
US Technology
QQQ
0.61
0.65
0.58
0.65
Preferred Stocks
PFF
0.55
0.72
0.61
0.53
EAFE Stocks
EFA
0.79
0.84
0.77
0.81
World All Countries
VT
0.78
0.85
0.78
0.82
Emerging Markets
EEM
0.69
0.84
0.81
0.84
Europe
VGK
0.74
0.83
0.77
0.81
Pacific
VPL
0.84
0.82
0.70
0.76
Latin America
FLLA
0.83
0.77
0.75
0.80
US Total Bond Market
BND
0.48
0.31
0.27
0.21
Long Term Treasuries
TLT
0.27
-0.15
-0.12
-0.20
US Cash
BIL
-0.30
-0.36
-0.18
-0.16
TIPS
TIP
0.68
0.44
0.40
0.38
Invest. Grade Bonds
LQD
0.56
0.55
0.49
0.39
High Yield Bonds
HYG
0.74
0.76
0.71
0.63
International Bonds
BNDX
0.46
0.36
0.26
0.28
Emerg. Market Bonds
EMB
0.65
0.76
0.67
0.60
Gold
GLD
0.50
0.33
0.34
0.31
Commodities
DBC
0.66
0.63
0.60
0.69

Capital Growth as of Oct 31, 2022

Capital growth, returns, stats are calculated assuming a reinvestment of dividends.

If you are interested in getting periodic income, please refer to the VanEck Africa Index ETF (AFK) ETF: Dividend Yield page.

An investment of 1000$, since November 2012, now would be worth 670.91$, with a total return of -32.91% (-3.91% annualized).

The Inflation Adjusted Capital now would be 520.76$, with a net total return of -47.92% (-6.32% annualized).
An investment of 1000$, since August 2008, now would be worth 558.19$, with a total return of -44.18% (-4.01% annualized).

The Inflation Adjusted Capital now would be 412.01$, with a net total return of -58.80% (-6.03% annualized).

Drawdowns

Worst drawdowns since November 2012.

Swipe left to see all data
Drawdown period
Recovery period
Total
Drawdown Start Bottom #Months End #Months #Months
-55.15% Sep 2014 Mar 2020 67 in progress 31 98
-13.84% Jan 2013 Jun 2013 6 Oct 2013 4 10
-4.58% Nov 2012 Nov 2012 1 Dec 2012 1 2
-3.14% Jan 2014 Jan 2014 1 Feb 2014 1 2
-1.68% Nov 2013 Nov 2013 1 Dec 2013 1 2
-0.80% Mar 2014 Mar 2014 1 Apr 2014 1 2
-0.21% Jun 2014 Jun 2014 1 Jul 2014 1 2

Worst drawdowns since August 2008.

Swipe left to see all data
Drawdown period
Recovery period
Total
Drawdown Start Bottom #Months End #Months #Months
-57.83% Aug 2008 Mar 2020 140 in progress 31 171

Rolling Returns ( more details)

VanEck Africa Index ETF (AFK) ETF: annualized rolling and average returns

Swipe left to see all data
Rolling
Period
Return (*) Negative
Periods
Average (%) Best (%) Worst (%)
1 Year
2.64 72.74
Apr 2020 - Mar 2021
-37.46
Apr 2019 - Mar 2020
43.75%
2 Years
1.14 36.49
Feb 2009 - Jan 2011
-26.91
Apr 2018 - Mar 2020
45.95%
3 Years
-0.57 20.90
Mar 2009 - Feb 2012
-16.61
Feb 2013 - Jan 2016
42.65%
5 Years
-0.90 14.37
Mar 2009 - Feb 2014
-10.13
Apr 2015 - Mar 2020
62.50%
7 Years
-2.08 1.96
May 2009 - Apr 2016
-9.15
Apr 2013 - Mar 2020
88.64%
10 Years
-1.01 4.57
Feb 2009 - Jan 2019
-6.07
Apr 2010 - Mar 2020
75.00%
(*) Annualized rolling and average returns over full calendar month periods

If you need a deeper detail about rolling returns, please refer to the VanEck Africa Index ETF (AFK) ETF: Rolling Returns page.

Seasonality

VanEck Africa Index ETF (AFK) ETF: in which months is it better to invest?

Both the Average Return and the Gain Frequency (Win %) are useful to get an idea of what happened in the past.

For further information about the seasonality, check the Asset Class Seasonality page.
Swipe left to see all data
Monthly Average Return (%) and Gain Frequency
Return (%) Jan Feb Mar Apr May Jun Jul Aug Sep Oct Nov Dec
Average
Gain Frequency
2.34
60%
-0.68
40%
-5.75
40%
2.46
60%
-0.82
40%
-0.86
40%
0.77
60%
-2.21
40%
-4.18
0%
0.50
80%
2.52
80%
3.76
80%
 Capital Growth on monthly avg returns
100
102.34
101.65
95.80
98.16
97.35
96.52
97.26
95.12
91.14
91.59
93.91
97.43
Best 11.3
2019
4.7
2021
0.1
2021
16.7
2020
4.3
2021
7.1
2019
4.8
2020
3.1
2020
-0.8
2019
2.9
2021
11.1
2020
7.8
2020
Worst -5.2
2020
-8.9
2020
-27.9
2020
-8.2
2022
-6.4
2019
-11.6
2022
-4.3
2019
-6.4
2018
-9.4
2022
-5.9
2018
-5.7
2021
-1.8
2018
Monthly Seasonality over the period Nov 2017 - Oct 2022
Swipe left to see all data
Monthly Average Return (%) and Gain Frequency
Return (%) Jan Feb Mar Apr May Jun Jul Aug Sep Oct Nov Dec
Average
Gain Frequency
0.39
40%
0.43
50%
-2.19
30%
3.58
70%
-1.05
50%
-1.86
40%
1.54
70%
-1.95
40%
-2.73
20%
0.47
70%
-1.03
40%
2.41
70%
 Capital Growth on monthly avg returns
100
100.39
100.82
98.62
102.14
101.07
99.20
100.73
98.77
96.07
96.53
95.53
97.83
Best 11.3
2019
4.7
2021
11.0
2016
16.7
2020
4.3
2021
7.1
2019
7.7
2013
3.7
2017
4.7
2013
5.3
2013
11.1
2020
7.8
2020
Worst -7.1
2016
-8.9
2020
-27.9
2020
-8.2
2022
-6.9
2016
-11.6
2022
-8.0
2015
-8.3
2015
-9.4
2022
-5.9
2014
-7.8
2015
-6.4
2014
Monthly Seasonality over the period Nov 2012 - Oct 2022
Swipe left to see all data
Monthly Average Return (%) and Gain Frequency
Return (%) Jan Feb Mar Apr May Jun Jul Aug Sep Oct Nov Dec
Average
Gain Frequency
-0.98
36%
1.34
64%
-0.25
43%
3.64
79%
-0.14
43%
-2.13
36%
1.96
71%
-1.76
40%
-2.46
33%
-0.53
67%
-2.05
29%
2.28
64%
 Capital Growth on monthly avg returns
100
99.02
100.34
100.10
103.74
103.59
101.39
103.37
101.55
99.06
98.53
96.51
98.71
Best 11.3
2019
7.0
2012
11.0
2016
16.7
2020
27.3
2009
7.1
2019
11.7
2010
6.0
2012
8.5
2010
10.1
2011
11.1
2020
9.6
2010
Worst -16.6
2009
-8.9
2020
-27.9
2020
-8.2
2022
-9.0
2010
-11.6
2022
-8.0
2015
-8.3
2015
-14.8
2008
-26.1
2008
-11.5
2008
-6.4
2014
Monthly Seasonality over the period Aug 2008 - Oct 2022

Monthly/Yearly Returns

VanEck Africa Index ETF (AFK) ETF data source starts from August 2008: let's focus on monthly and yearly returns.

We are providing two different views:
  • Histogram: it shows the distribution of the returns recorded so far
  • Plain Table: it shows the detailed monthly and yearly returns
MONTHLY RETURNS HISTOGRAM
Aug 2008 - Oct 2022
86 Positive Months (50%) - 85 Negative Months (50%)
MONTHLY RETURNS TABLE
Aug 2008 - Oct 2022
(Scroll down to see all data)
Swipe left to see all data
Yearly Return(%)
Monthly Return(%)
Year Total Infl.Adj Jan Feb Mar Apr May Jun Jul Aug Sep Oct Nov Dec
2022
-23.26 -28.21 2.0 3.7 -0.1 -8.2 -2.6 -11.6 2.9 -3.7 -9.4 2.5
2021
+2.99 -3.78 -1.7 4.7 0.1 2.9 4.3 -3.2 -0.6 0.9 -5.3 2.9 -5.7 4.1
2020
+4.33 +2.93 -5.2 -8.9 -27.9 16.7 3.9 7.0 4.8 3.1 -1.5 1.3 11.1 7.8
2019
+9.84 +7.38 11.3 -0.7 -1.0 2.5 -6.4 7.1 -4.3 -4.9 -0.8 1.7 1.1 5.2
2018
-19.54 -21.04 5.2 -2.2 0.1 -1.7 -3.3 -3.6 1.0 -6.4 -3.9 -5.9 1.4 -1.8
2017
+28.19 +25.54 7.4 -1.6 -0.1 1.3 1.9 0.2 6.6 3.7 -2.8 0.9 4.6 3.5
2016
+14.29 +11.97 -7.1 3.2 11.0 12.2 -6.9 1.5 3.9 -2.9 2.4 -1.0 -5.4 4.6
2015
-29.91 -30.42 -3.2 2.6 -2.9 6.7 -3.4 -5.4 -8.0 -8.3 -3.9 2.8 -7.8 -2.7
2014
-13.61 -14.25 -3.1 4.7 -0.8 5.3 0.8 -0.2 1.4 0.7 -6.8 -5.9 -3.5 -6.4
2013
+1.35 -0.15 -1.7 -1.2 -0.3 -2.0 1.2 -10.3 7.7 -1.6 4.7 5.3 -1.7 2.4
2012
+25.98 +23.82 9.3 7.0 -2.0 0.8 -7.3 0.8 0.6 6.0 5.3 1.4 -4.6 7.3
2011
-24.06 -26.24 -8.2 1.9 1.5 2.5 -2.5 -3.3 -2.7 -5.4 -12.7 10.1 -3.1 -3.4
2010
+25.25 +23.41 -2.2 3.7 9.4 0.8 -9.0 -4.8 11.7 -3.6 8.5 3.5 -2.4 9.6
2009
+35.00 +31.43 -16.6 1.9 9.5 11.1 27.3 -3.9 2.3 1.3 4.1 -1.6 -1.4 1.9
2008
- - -5.3 -14.8 -26.1 -11.5 -0.2
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