ARGT vs. AAPL

Last updated Jun 4, 2026

ARGT (Global X MSCI Argentina ETF) is Latin America Equities fund tracking the MSCI All Argentina 25/50, while AAPL (Apple Inc) is a stock. Over the past 10 years, ARGT returned 17.46%/yr vs 30.12%/yr for AAPL. At a 0.35 correlation, their price movements are largely independent.

Performance

ARGT vs. AAPL - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Global X MSCI Argentina ETF (ARGT) and Apple Inc (AAPL). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, ARGT achieves a 3.65% return, which is significantly lower than AAPL's 14.34% return. Over the past 10 years, ARGT has underperformed AAPL with an annualized return of 17.46%, while AAPL has yielded a comparatively higher 30.12% annualized return.

ARGT

• 1D: -3.12%
• 1M: 5.42%
• YTD: 3.65%
• 6M: 0.81%
• 1Y: 5.86%
• 3Y*: 33.61%
• 5Y*: 26.82%
• 10Y*: 17.46%

AAPL

• 1D: -1.57%
• 1M: 12.18%
• YTD: 14.34%
• 6M: 9.39%
• 1Y: 53.24%
• 3Y*: 20.25%
• 5Y*: 20.38%
• 10Y*: 30.12%

*Multi-year figures are annualized to reflect compound growth (CAGR)

ARGT vs. AAPL - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
ARGT Global X MSCI Argentina ETF	3.65%	11.51%	63.46%	53.64%	11.80%	3.83%	14.58%	14.50%	-32.62%	53.87%
AAPL Apple Inc	14.34%	9.05%	30.71%	49.01%	-26.40%	34.65%	82.31%	88.96%	-5.39%	48.46%

Correlation

The correlation between ARGT and AAPL is 0.10, which is low. Their price movements are largely independent, making them effective diversification partners.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.10
Correlation (3Y) Calculated over the trailing 3-year period	0.23
Correlation (5Y) Calculated over the trailing 5-year period	0.33
Correlation (10Y) Calculated over the trailing 10-year period	0.37
Correlation (All Time) Calculated using the full available price history since Mar 4, 2011	0.35

Over the past year, the correlation between ARGT and AAPL has dropped to 0.10 - well below their long-term average of 0.35, suggesting their price drivers have been diverging.

Return for Risk

ARGT vs. AAPL — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.

ARGT

ARGT Risk / Return Rank: 12
ARGT Sharpe Ratio Rank: 11
ARGT Sortino Ratio Rank: 12
ARGT Omega Ratio Rank: 12
ARGT Calmar Ratio Rank: 12
ARGT Martin Ratio Rank: 11

AAPL

AAPL Risk / Return Rank: 89
AAPL Sharpe Ratio Rank: 91
AAPL Sortino Ratio Rank: 91
AAPL Omega Ratio Rank: 89
AAPL Calmar Ratio Rank: 87
AAPL Martin Ratio Rank: 86

The rank (0–100) shows how this investment's returns compare to the risk taken. Higher = better. Based on the past 12 months of data, combining Sharpe, Sortino, and other metrics used by quantitative funds and institutional investors.

ARGT vs. AAPL - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Global X MSCI Argentina ETF (ARGT) and Apple Inc (AAPL). Risk-adjusted metrics are performance indicators that assess an investment's returns in relation to its risk, enabling a more accurate comparison of different investment options.

	ARGT	AAPL	Difference
Sharpe ratio Return per unit of total volatility	0.16	2.40	-2.24
Sortino ratio Return per unit of downside risk	0.55	3.36	-2.82
Omega ratio Gain probability vs. loss probability	1.06	1.43	-0.36
Calmar ratio Return relative to maximum drawdown	0.26	3.88	-3.62
Martin ratio Return relative to average drawdown	0.57	9.76	-9.19
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

ARGT vs. AAPL - Sharpe Ratio Comparison

The current ARGT Sharpe Ratio is 0.16, which is lower than the AAPL Sharpe Ratio of 2.40. The chart below compares the historical Sharpe Ratios of ARGT and AAPL, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Sharpe Ratios by Period

	ARGT	AAPL	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	0.16	2.40	-2.24
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	0.84	0.75	+0.10
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	0.56	1.05	-0.49
Sharpe Ratio (All Time) Calculated using the full available price history	0.30	0.44	-0.14

Drawdowns

ARGT vs. AAPL - Drawdown Comparison

The maximum ARGT drawdown since its inception was -61.68%, smaller than the maximum AAPL drawdown of -81.80%. Use the drawdown chart below to compare losses from any high point for ARGT and AAPL.

Drawdown Indicators

	ARGT	AAPL	Difference
Max Drawdown Largest peak-to-trough decline	-61.68%	-81.80%	+20.12%
Max Drawdown (1Y) Largest decline over 1 year	-22.97%	-13.80%	-9.17%
Max Drawdown (3Y) Largest decline over 3 years	-28.46%	-33.36%	+4.90%
Max Drawdown (5Y) Largest decline over 5 years	-35.14%	-33.36%	-1.78%
Max Drawdown (10Y) Largest decline over 10 years	-61.68%	-38.52%	-23.16%
Current Drawdown Current decline from peak	-7.96%	-1.57%	-6.39%
Average Drawdown Average peak-to-trough decline	-22.05%	-29.61%	+7.56%
Ulcer Index Depth and duration of drawdowns from previous peaks	11.20%	5.47%	+5.73%

Volatility

ARGT vs. AAPL - Volatility Comparison

Global X MSCI Argentina ETF (ARGT) has a higher volatility of 10.43% compared to Apple Inc (AAPL) at 5.46%. This indicates that ARGT's price experiences larger fluctuations and is considered to be riskier than AAPL based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	ARGT	AAPL	Difference
Volatility (1M) Calculated over the trailing 1-month period	10.43%	5.46%	+4.97%
Volatility (6M) Calculated over the trailing 6-month period	20.31%	15.91%	+4.40%
Volatility (1Y) Calculated over the trailing 1-year period	36.70%	22.32%	+14.38%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	31.92%	27.46%	+4.46%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	31.44%	28.89%	+2.55%

Dividends

ARGT vs. AAPL - Dividend Comparison

ARGT's dividend yield for the trailing twelve months is around 0.81%, more than AAPL's 0.34% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
AAPL Apple Inc	0.34%	0.38%	0.40%	0.49%	0.70%	0.49%	0.61%	1.04%	1.79%	1.45%	1.93%	1.93%
ARGT Global X MSCI Argentina ETF	0.81%	0.84%	1.41%	1.59%	2.45%	0.93%	0.28%	1.21%	1.34%	0.49%	0.36%	0.89%

Frequently Asked Questions

Can I hold both ARGT and AAPL in my portfolio?

ARGT and AAPL have a correlation of 0.10, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, ARGT or AAPL?

ARGT has higher volatility (10.43%) compared to AAPL (5.46%). In terms of maximum drawdown, ARGT dropped -61.68% vs AAPL's -81.80%.

Which has better risk-adjusted returns?

AAPL currently has the higher Sharpe Ratio (2.40 vs 0.16), meaning it's delivered slightly more return per unit of risk over the trailing 12 months. However, this ranking shifts over time - use the Risk/Return Score above for a more comprehensive view that combines Sharpe, Sortino, and other measures used by quantitative funds.