AFK vs PCF

Comparison between VANECK AFRICA INDEX ETF (AFK, ETF) and High Income Securities Fund (PCF, ETF).

5-Year PerformanceAFK has outperformed PCF, delivering a return of +5.0% compared to -0.6%

AFK vs PCF - Performance Comparison

Log

Key Characteristics

Financial metrics and valuation ratios

Metric	AFK(ETF)	PCF(ETF)
Net Assets	$122M	$122M
Expense Ratio	0.76%	N/A
Max Drawdown	72.33%	58.20%
Sharpe Ratio	1.16	-0.49
5Y Beta	0.90	0.36
5Y Dividends CAGR	-33.46%	-4.53%

Net Assets

Winner

AFK

$122M

PCF

$122M

Expense Ratio

AFK

0.76%

PCF

N/A

Max Drawdown

AFK

72.33%

Winner

PCF

58.20%

Sharpe Ratio

Winner

AFK

1.16

PCF

-0.49

5Y Beta

AFK

0.90

Winner

PCF

0.36

5Y Dividends CAGR

AFK

-33.46%

Winner

PCF

-4.53%

AFK vs PCF - Historical Returns

Returns include dividend reinvestment.

Period	AFK	PCF
1 month	-2.13%	-1.81%
3 months	-4.00%	-4.79%
6 months	+4.66%	-6.55%
1 year	+32.84%	-1.79%
5 years(CAGR)	+4.97%	-0.57%
10 years(CAGR)	+5.11%	+5.70%
Max(CAGR)	-0.03%	+6.43%

AFK

-2.13%

Winner

PCF

-1.81%

Winner

AFK

-4.00%

PCF

-4.79%

Winner

AFK

+4.66%

PCF

-6.55%

Winner

AFK

+32.84%

PCF

-1.79%

5Y(CAGR)

Winner

AFK

+4.97%

PCF

-0.57%

10Y(CAGR)

AFK

+5.11%

Winner

PCF

+5.70%

Max(CAGR)

AFK

-0.03%

Winner

PCF

+6.43%

AFK vs PCF - Annual Returns (1999 - 2026)

Returns include dividend reinvestment.

Year	AFK	PCF
2026	-1.17%	-5.50%
2025	+72.02%	+5.47%
2024	+10.11%	+14.73%
2023	-12.91%	+7.19%
2022	-17.78%	-16.14%
2021	+1.48%	+10.74%
2020	+3.16%	+8.04%
2019	+10.34%	+3.71%
2018	-20.46%	+5.12%
2017	+28.25%	+15.14%
2016	+15.26%	+18.79%
2015	-30.21%	-5.23%
2014	-12.13%	+3.24%
2013	-0.02%	+8.20%
2012	+23.81%	+7.84%
2011	-24.21%	-2.75%
2010	+22.54%	+23.40%
2009	+29.78%	+43.49%
2008	-48.30%	-31.71%
2007	N/A	+1.07%
2006	N/A	+21.98%
2005	N/A	+1.05%
2004	N/A	+9.85%
2003	N/A	+32.05%
2002	N/A	-0.68%
2001	N/A	+9.90%
2000	N/A	+8.79%
1999	N/A	-14.97%

AFK vs PCF Drawdown Comparison

The maximum drawdown for AFK was -62.49%, occurring on Mar 20, 2020. Recovery took 4389 trading sessions.

The maximum drawdown for PCF was -53.81%, occurring on Oct 10, 2008. Recovery took 662 trading sessions.

The current AFK drawdown is -14.33%. The current PCF drawdown is -7.70%.

Rank	AFK	PCF
#1	-62.49% Jul 15, 2008 - Dec 23, 2025	-53.81% May 9, 2007 - Dec 22, 2009
#2	-19.54% Feb 27, 2026 - Mar 20, 2026	-45.08% Feb 20, 2020 - Dec 8, 2020
#3	-9.68% Jan 28, 2026 - Feb 23, 2026	-29.02% Sep 17, 2021 - Feb 14, 2025
#4	-2.49% Dec 26, 2025 - Jan 5, 2026	-24.77% May 26, 2011 - Oct 25, 2013
#5	-2.21% Jan 14, 2026 - Jan 21, 2026	-22.43% Feb 28, 2001 - Mar 10, 2003
#6	-2.18% Jan 6, 2026 - Jan 14, 2026	-20.31% Nov 5, 1999 - Jan 25, 2001
#7	-0.30% Dec 23, 2025 - Dec 26, 2025	-19.27% Jul 1, 2014 - Jul 19, 2016
#8	-0.13% Feb 25, 2026 - Feb 27, 2026	-16.70% Apr 23, 2010 - Sep 13, 2010
#9	N/A	-13.32% Feb 25, 2025 - Sep 16, 2025
#10	N/A	-13.29% Feb 19, 2004 - Sep 14, 2004
#11	N/A	-10.73% Sep 16, 2025 - Mar 20, 2026
#12	N/A	-10.36% Feb 14, 2019 - Dec 18, 2019
#13	N/A	-9.55% Jul 11, 2003 - Dec 16, 2003
#14	N/A	-8.63% Jul 12, 2005 - Jan 6, 2006
#15	N/A	-8.49% Dec 21, 2004 - Jun 15, 2005

Correlation

Correlation between AFK and PCF is 0.03 which considered as a very weak or no correlation - the stocks move independently of each other.

0.03

-101

Dividend Comparison (2000 - 2026)

AFK vs PCF dividend yield comparison.

Year	AFK	PCF
2026	0.00%	5.26%
2025	1.02%	11.57%
2024	0.00%	11.43%
2023	2.27%	11.29%
2022	3.59%	13.48%
2021	4.17%	10.82%
2020	3.91%	11.46%
2019	6.34%	3.29%
2018	1.71%	6.88%
2017	1.99%	3.97%
2016	2.67%	4.52%
2015	2.16%	5.07%
2014	2.92%	4.84%
2013	2.68%	5.67%
2012	3.39%	6.56%
2011	3.77%	6.86%
2010	1.09%	6.29%
2009	0.81%	7.45%
2008	0.90%	11.08%
2007	0.00%	6.85%
2006	0.00%	6.27%
2005	0.00%	7.25%
2004	0.00%	6.94%
2003	0.00%	7.06%
2002	0.00%	9.15%
2001	0.00%	9.81%
2000	0.00%	4.98%