JPMorgan Income ETF (JEPI) trades at $57.79, about ₦77,248 per share at today’s rate of ₦1,337/$. Over the past year it has gained 1.1% in dollars, which works out to -12.0% in naira terms once the exchange-rate move is included.
| Period | Return in $ terms | Return in ₦ terms |
|---|---|---|
| 1 month | +0.6% | -1.4% |
| 6 months | -3.5% | -4.8% |
| 1 year | +1.1% | -12.0% |
Naira-terms return = share-price return × USD/NGN move. When the naira weakens, dollar assets gain extra value in naira; when it strengthens, the reverse.
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