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AFK vs SPY

Comparison between VANECK AFRICA INDEX ETF (AFK, ETF) and SPDR S&P 500 ETF Trust (SPY, ETF).

5-Year PerformanceSPY has outperformed AFK, delivering a return of +13.0% compared to +5.8%

AFK vs SPY - Performance Comparison

Key Characteristics

Financial metrics and valuation ratios

Net Assets
AFK
$100M
Winner
SPY
$781B
Expense Ratio
AFK
0.76%
Winner
SPY
0.09%
Max Drawdown
AFK
72.33%
Winner
SPY
56.47%
Sharpe Ratio
AFK
0.77
Winner
SPY
1.25
5Y Beta
Winner
AFK
0.91
SPY
1.00
P/E Ratio
AFK
N/A
SPY
28.78
Forward P/E
AFK
N/A
SPY
21.23
5Y Dividends CAGR
AFK
-33.46%
Winner
SPY
6.00%
5Y EPS CAGR
AFK
N/A
SPY
25.62%
Debt to Equity
AFK
N/A
SPY
31.92%
P/S Ratio
AFK
N/A
SPY
3.76
P/B Ratio
AFK
N/A
SPY
5.64

AFK vs SPY - Holdings Comparison

AFK and SPY have 2 common holdings. Overlap is 0.06%

AFK's top 25 holdings weight is 71.92%. SPY's top 25 holdings weight is 51.74%.

RankAFKSPY
#1
ATTIJARIWAFA BANK SA REGISTERED SHARES (n/a) - 5.75%
NVIDIA CORP (NVDA) - 7.89%
#2
ENDEAVOUR MINING PLC (n/a) - 4.63%
APPLE INC (AAPL) - 7.37%
#3
ANGLOGOLD ASHANTI PLC (AU) - 4.32%
MICROSOFT CORP (MSFT) - 4.50%
#4
NASPERS LTD CLASS N (n/a) - 4.07%
AMAZON.COM INC (AMZN) - 3.82%
#5
FIRSTRAND LTD (n/a) - 3.58%
ALPHABET INC CLASS A (GOOGL) - 3.33%
#6
BANQUE CENTRALE POPULAIRE SA (n/a) - 3.14%
BROADCOM INC (AVGO) - 2.86%
#7
IVANHOE MINES LTD CLASS A (IVPAF) - 3.12%
ALPHABET INC CLASS C (GOOG) - 2.68%
#8
SAFARICOM PLC (n/a) - 3.02%
META PLATFORMS INC CLASS A (META) - 2.29%
#9
GOLD FIELDS LTD ADR (GFI) - 2.89%
TESLA INC (TSLA) - 1.70%
#10
STANDARD BANK GROUP LTD (n/a) - 2.74%
MICRON TECHNOLOGY INC (MU) - 1.56%
#11
SODEP -MARSA MAROC SA (n/a) - 2.70%
JPMORGAN CHASE & CO (JPM) - 1.42%
#12
CAPITEC BANK HOLDINGS LTD (n/a) - 2.68%
ELI LILLY AND CO (LLY) - 1.40%
#13
IAMGOLD CORP (n/a) - 2.65%
BERKSHIRE HATHAWAY INC CLASS B (BRK-B) - 1.37%
#14
BARRICK MINING CORP (n/a) - 2.62%
ADVANCED MICRO DEVICES INC (AMD) - 1.32%
#15
GOLAR LNG LTD (GLNG) - 2.44%
EXXONMOBIL HOLDINGS CORP (XOM) - 0.92%
#16
AYA GOLD & SILVER INC COMMON STOCK (n/a) - 2.43%
JOHNSON & JOHNSON (JNJ) - 0.91%
#17
EQUITY GROUP HOLDINGS LTD (n/a) - 2.40%
VISA INC CLASS A (V) - 0.90%
#18
ARADEL HOLDINGS PLC (n/a) - 2.37%
WALMART INC (WMT) - 0.76%
#19
FIRST QUANTUM MINERALS LTD (FQVLF) - 2.35%
INTEL CORP (INTC) - 0.75%
#20
MTN GROUP LTD (n/a) - 2.21%
APPLIED MATERIALS INC (AMAT) - 0.70%
#21
AIRTEL AFRICA PLC ORDINARY SHARES (n/a) - 2.04%
CISCO SYSTEMS INC (CSCO) - 0.68%
#22
PERSEUS MINING LTD (n/a) - 2.01%
MASTERCARD INC CLASS A (MA) - 0.66%
#23
GUARANTY TRUST HOLDING CO PLC (n/a) - 2.01%
ABBVIE INC (ABBV) - 0.66%
#24
MONTAGE GOLD CORP COMMON STOCK (n/a) - 1.98%
CATERPILLAR INC (CAT) - 0.65%
#25
ZENITH BANK PLC (n/a) - 1.77%
LAM RESEARCH CORP (LRCX) - 0.64%
Total Holdings80505

AFK vs SPY - Historical Returns

Returns include dividend reinvestment.

1M
AFK
-4.61%
Winner
SPY
+0.52%
3M
AFK
-7.98%
Winner
SPY
+6.55%
6M
AFK
-9.35%
Winner
SPY
+9.76%
1Y
Winner
AFK
+22.94%
SPY
+20.32%
5Y(CAGR)
AFK
+5.78%
Winner
SPY
+13.01%
10Y(CAGR)
AFK
+5.32%
Winner
SPY
+15.06%
Max(CAGR)
AFK
-0.16%
Winner
SPY
+8.50%

AFK vs SPY - Annual Returns (1999 - 2026)

Returns include dividend reinvestment.

YearAFKSPY
2026-3.53%+10.11%
2025+72.02%+18.00%
2024+10.11%+25.59%
2023-12.91%+26.72%
2022-17.78%-18.64%
2021+1.48%+30.52%
2020+3.16%+17.28%
2019+10.34%+31.09%
2018-20.46%-5.24%
2017+28.25%+20.78%
2016+15.26%+13.59%
2015-30.21%+1.31%
2014-12.13%+14.56%
2013-0.02%+29.00%
2012+23.81%+14.17%
2011-24.21%+0.85%
2010+22.54%+13.14%
2009+29.78%+22.67%
2008-48.30%-36.25%
2007N/A+5.32%
2006N/A+13.85%
2005N/A+5.32%
2004N/A+10.75%
2003N/A+24.18%
2002N/A-22.42%
2001N/A-10.13%
2000N/A-8.84%
1999N/A+8.61%

AFK vs SPY Drawdown Comparison

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

The maximum drawdown for SPY was -55.20%, occurring on Mar 9, 2009. Recovery took 1224 trading sessions.

The current AFK drawdown is -16.38%. The current SPY drawdown is -1.24%.

RankAFKSPY
#1-62.49%
Jul 15, 2008 - Dec 23, 2025		-55.20%
Oct 9, 2007 - Aug 16, 2012
#2-19.54%
Feb 27, 2026 - Mar 20, 2026		-47.50%
Mar 24, 2000 - Oct 26, 2006
#3-9.68%
Jan 28, 2026 - Feb 23, 2026		-33.70%
Feb 19, 2020 - Aug 10, 2020
#4-2.49%
Dec 26, 2025 - Jan 5, 2026		-24.50%
Jan 3, 2022 - Dec 13, 2023
#5-2.21%
Jan 14, 2026 - Jan 21, 2026		-19.34%
Sep 20, 2018 - Apr 12, 2019
#6-2.18%
Jan 6, 2026 - Jan 14, 2026		-18.76%
Feb 19, 2025 - Jun 26, 2025
#7-0.30%
Dec 23, 2025 - Dec 26, 2025		-13.02%
Jul 20, 2015 - Apr 18, 2016
#8-0.13%
Feb 25, 2026 - Feb 27, 2026		-10.10%
Jan 26, 2018 - Aug 6, 2018
#9N/A-9.44%
Sep 2, 2020 - Nov 11, 2020
#10N/A-9.30%
Jan 19, 2000 - Mar 17, 2000
#11N/A-9.05%
Jul 19, 2007 - Oct 5, 2007
#12N/A-8.88%
Jan 27, 2026 - Apr 14, 2026
#13N/A-8.41%
Jul 16, 2024 - Sep 19, 2024
#14N/A-7.35%
Sep 14, 2012 - Jan 2, 2013
#15N/A-7.27%
Sep 18, 2014 - Oct 31, 2014

Correlation

Correlation between AFK and SPY is 0.10 which considered as a very weak or no correlation - the stocks move independently of each other.

0.10
-101

Dividend Comparison (1999 - 2026)

AFK vs SPY dividend yield comparison.

YearAFKSPY
20260.00%0.49%
20251.02%1.07%
20240.00%1.21%
20232.27%1.40%
20223.59%1.65%
20214.17%1.20%
20203.91%1.52%
20196.34%1.75%
20181.71%2.04%
20171.99%1.80%
20162.67%2.03%
20152.16%2.06%
20142.92%1.87%
20132.68%1.81%
20123.39%2.18%
20113.77%2.05%
20101.09%1.80%
20090.81%1.95%
20080.90%3.02%
20070.00%1.85%
20060.00%1.73%
20050.00%1.73%
20040.00%1.82%
20030.00%1.47%
20020.00%1.70%
20010.00%1.25%
20000.00%1.15%
19990.00%0.24%

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