The Nigerian Alternate’s Alternate-Traded Funds (ETFs) extraordinary efficiency in January 2026, pushed by order-flow pushed rally and rising investor urge for food for diversified funding autos and never fundamentals evaluation.
A number of ETFs outperformed the NGX-All-Share Index (ASI), which returned 6.27% in January 2026.
Some smaller ETFs posted spectacular double-digit returns.
The month-to-date (MTD) efficiency in January was between 35% to 322%, which seems to be extra outrageous when in comparison with the year-to-date (YTD) return of 2025, which was between 5% to 170%.
Complete ETF buying and selling quantity in January reached 6.33 million models, whereas the full worth rose to N1.51 billion, indicating a major improve in market exercise. Twelve ETFs are listed on NGX; the remaining two, Vetiva Grifin 30 ETF and NewGold Alternate Traded Fund (ETF), posted 36.64% and 35.25%, respectively.
If the NGX 30 Index didn’t rise 237% in January, then Stanbic IBTC ETF 30’s return displays worth dislocation relatively than index replication. ETFs usually monitor a selected inventory index, sector, or asset class resembling banking shares, shopper items firms, industrial corporations, or authorities bonds. Their robust displaying in January means that buyers most well-liked focused publicity to particular sectors relatively than shopping for your complete market.
Knowledge as of January 30, 2026, computed by Nairametrics Analysis from the Nigerian Alternate Group (NGX), it additionally reveals elevated buying and selling exercise in ETFs. This displays rising consciousness and participation from each retail and institutional buyers who need easy, low-cost publicity to structured portfolios.
Beneath are the high 10 best-performing ETFs for January 2026, ranked by year-to-date (YTD) return.
