JPMorgan Income ETF (JEPI) trades at $58.09, about ₦78,105 per share at today’s rate of ₦1,345/$. Over the past year it has gained 1.8% in dollars, which works out to -10.9% in naira terms once the exchange-rate move is included.
| Period | Return in $ terms | Return in ₦ terms |
|---|---|---|
| 1 month | +2.3% | +0.6% |
| 6 months | -2.3% | -2.2% |
| 1 year | +1.8% | -10.9% |
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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