PCF vs AFK

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

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

PCF vs AFK - Performance Comparison

Log

Key Characteristics

Financial metrics and valuation ratios

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

Net Assets

PCF

$122M

Winner

AFK

$122M

Expense Ratio

PCF

N/A

AFK

0.76%

Max Drawdown

Winner

PCF

58.20%

AFK

72.33%

Sharpe Ratio

PCF

-0.49

Winner

AFK

1.16

5Y Beta

Winner

PCF

0.36

AFK

0.90

5Y Dividends CAGR

Winner

PCF

-4.53%

AFK

-33.46%

PCF vs AFK - Historical Returns

Returns include dividend reinvestment.

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

Winner

PCF

-1.81%

AFK

-2.13%

PCF

-4.79%

Winner

AFK

-4.00%

PCF

-6.55%

Winner

AFK

+4.66%

PCF

-1.79%

Winner

AFK

+32.84%

5Y(CAGR)

PCF

-0.57%

Winner

AFK

+4.97%

10Y(CAGR)

Winner

PCF

+5.70%

AFK

+5.11%

Max(CAGR)

Winner

PCF

+6.43%

AFK

-0.03%

PCF vs AFK - Annual Returns (1999 - 2026)

Returns include dividend reinvestment.

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

PCF vs AFK Drawdown Comparison

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

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

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

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

Correlation

Correlation between PCF and AFK 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)

PCF vs AFK dividend yield comparison.

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