VNG-ETR-N
Venoble Nigeria Equity Net Total Return Index
Measures the total return from Nigerian equities after 10% withholding tax on dividends. Shows what a taxable investor actually earns, compared to VNG-ETR which assumes tax-exempt reinvestment. The gap between the two isolates cumulative tax drag.
Level
69,013.87
YTD
+21.63%
1Y Return
+97.14%
Annualized
+17.56%
Since Inception
+6801.39%
As of 2026-03-01
v1.0 | variant
Back-tested data prior to 2026-04-08. Live data from 2026-04-08.
Data is stale. The values shown may not reflect current market conditions.
Performance
Monthly Returns (%)
| Year | Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec | YTD |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2000 | 3.5 | 0.2 | -1.2 | 3.4 | 6.1 | 6.8 | 7.2 | -1.3 | 1.7 | -3.3 | 13.3 | 41.5 | |
| 2001 | 8.5 | 4.6 | -0.2 | 5.0 | 6.4 | 7.9 | -3.0 | -1.7 | -0.5 | 8.4 | 0.9 | -1.8 | 38.9 |
| 2002 | -2.9 | -0.6 | 6.0 | 2.1 | 0.8 | 8.4 | 0.6 | -0.9 | -4.2 | -2.8 | 1.6 | 4.4 | 12.4 |
| 2003 | 9.6 | 2.8 | -1.0 | -0.3 | 4.5 | 3.6 | -3.6 | 10.5 | 7.0 | 13.9 | 3.1 | 4.2 | 67.7 |
| 2004 | 12.8 | 9.2 | -7.6 | 12.8 | 7.7 | 4.3 | -6.2 | -11.9 | -4.2 | 2.8 | -0.3 | 2.5 | 19.7 |
| 2005 | -3.2 | -4.8 | -5.8 | 6.2 | -1.6 | 0.5 | 1.7 | 4.9 | 7.4 | 5.0 | -5.8 | -1.0 | 2.4 |
| 2006 | -1.7 | 0.7 | -2.1 | -0.0 | 6.8 | 5.7 | 6.7 | 18.9 | -1.6 | 0.4 | -3.0 | 4.9 | 39.5 |
| 2007 | 10.9 | 10.8 | 6.7 | 8.7 | 6.1 | 2.8 | 3.4 | -4.9 | -0.1 | 0.0 | 8.0 | 7.0 | 76.5 |
| 2008 | 1.0 | 12.1 | -4.0 | -5.5 | -0.7 | -4.9 | -5.0 | -9.9 | -3.3 | -21.3 | -8.9 | -4.6 | -45.1 |
| 2009 | -30.6 | 7.2 | -15.0 | 8.5 | 39.2 | -9.2 | -5.7 | -8.7 | -4.1 | -1.1 | -3.6 | -0.9 | -32.4 |
| 2010 | 8.6 | 1.7 | 13.1 | 2.4 | -0.9 | -3.0 | 1.9 | -6.0 | -5.0 | 11.0 | -1.1 | 0.0 | 22.9 |
| 2011 | 8.3 | -3.0 | -5.3 | 2.2 | 3.6 | -3.4 | -4.5 | -9.7 | -5.2 | 2.8 | -4.4 | 3.6 | -15.2 |
| 2012 | 0.7 | -3.6 | 3.1 | 7.0 | 0.5 | -2.1 | 7.0 | 3.0 | 9.6 | 1.7 | 0.4 | 6.0 | 37.6 |
| 2013 | 13.4 | 3.8 | 1.4 | 0.3 | 13.4 | -4.3 | 5.0 | -4.3 | 1.1 | 2.9 | 3.5 | 6.2 | 49.3 |
| 2014 | -1.8 | -2.5 | -1.6 | 0.0 | 8.0 | 2.5 | -0.9 | -1.2 | -0.7 | -8.7 | -7.9 | 0.4 | -14.4 |
| 2015 | -14.7 | 1.8 | 6.1 | 9.6 | -0.7 | -2.5 | -9.7 | -1.5 | 5.4 | -6.4 | -6.1 | 4.6 | -15.7 |
| 2016 | -16.5 | 2.7 | 3.8 | 0.1 | 10.8 | 7.1 | -5.2 | -1.4 | 2.9 | -3.9 | -7.2 | 6.5 | -3.5 |
| 2017 | -3.1 | -2.7 | 1.5 | 1.3 | 15.3 | 12.3 | 8.3 | -0.8 | -0.1 | 3.5 | 3.5 | 0.8 | 45.6 |
| 2018 | 16.0 | -2.3 | -3.9 | 0.4 | -7.4 | 0.5 | -3.1 | -5.8 | -5.9 | -0.9 | -4.8 | 2.1 | -15.8 |
| 2019 | -2.8 | 3.8 | -1.5 | -5.5 | 6.8 | -2.7 | -7.4 | -0.3 | 0.6 | -4.5 | 2.6 | -0.4 | -11.6 |
| 2020 | 7.5 | -9.1 | -17.7 | 8.9 | 10.4 | -2.9 | 0.9 | 2.9 | 6.5 | 13.8 | 15.1 | 14.9 | 56.3 |
| 2021 | 5.3 | -6.2 | -1.5 | 3.3 | -2.5 | -1.1 | 1.8 | 2.2 | 2.9 | 4.5 | 3.2 | -1.2 | 10.8 |
| 2022 | 9.2 | 1.7 | -0.0 | 6.8 | 8.3 | -3.3 | -1.8 | -0.6 | -1.4 | -10.6 | 8.9 | 7.5 | 25.0 |
| 2023 | 3.9 | 4.9 | -1.1 | -2.7 | 7.2 | 9.5 | 5.6 | 3.9 | 0.3 | 4.3 | 3.3 | 4.8 | 52.9 |
| 2024 | 35.4 | -1.1 | 4.6 | -5.1 | 1.5 | 1.0 | -2.2 | -0.8 | 2.2 | -0.7 | 0.1 | 5.6 | 41.6 |
| 2025 | 1.5 | 3.2 | -2.0 | 1.2 | 6.1 | 8.3 | 16.8 | 0.7 | 1.7 | 8.1 | -6.5 | 8.4 | 56.7 |
| 2026 | 6.3 | 16.6 | 4.3 | 29.3 |
Past performance is not indicative of future results. Index returns are for illustrative purposes and do not represent actual investment returns. The index is not investable and does not reflect transaction costs, taxes, or management fees.
Index Profile
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