Correlation
The correlation between ARGT and AAPL is 0.57, which is considered to be moderate. This suggests that the two assets have some degree of positive relationship in their price movements. Moderate correlation can be acceptable for portfolio diversification, offering a balance between risk and potential returns.
ARGT vs. AAPL
Compare and contrast key facts about Global X MSCI Argentina ETF (ARGT) and Apple Inc (AAPL).
ARGT is a passively managed fund by Global X that tracks the performance of the MSCI All Argentina 25/50. It was launched on Mar 2, 2011.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: ARGT or AAPL.
Performance
ARGT vs. AAPL - Performance Comparison
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Key characteristics
ARGT:
1.91
AAPL:
0.15
ARGT:
2.09
AAPL:
0.32
ARGT:
1.26
AAPL:
1.04
ARGT:
2.25
AAPL:
0.06
ARGT:
7.78
AAPL:
0.19
ARGT:
6.15%
AAPL:
10.57%
ARGT:
31.96%
AAPL:
33.12%
ARGT:
-61.68%
AAPL:
-81.80%
ARGT:
-1.61%
AAPL:
-24.43%
Returns By Period
In the year-to-date period, ARGT achieves a 12.47% return, which is significantly higher than AAPL's -21.83% return. Over the past 10 years, ARGT has underperformed AAPL with an annualized return of 17.26%, while AAPL has yielded a comparatively higher 21.00% annualized return.
ARGT
12.47%
6.70%
13.73%
58.69%
49.11%
35.05%
17.26%
AAPL
-21.83%
-6.16%
-14.85%
3.27%
12.23%
20.30%
21.00%
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Risk-Adjusted Performance
ARGT vs. AAPL — Risk-Adjusted Performance Rank
ARGT
AAPL
ARGT vs. AAPL - Risk-Adjusted Performance 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.
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Dividends
ARGT vs. AAPL - Dividend Comparison
ARGT's dividend yield for the trailing twelve months is around 1.25%, more than AAPL's 0.52% yield.
| TTM | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
ARGT Global X MSCI Argentina ETF | 1.25% | 1.41% | 1.59% | 2.45% | 0.93% | 0.28% | 1.21% | 1.34% | 0.49% | 0.36% | 0.89% | 0.47% |
AAPL Apple Inc | 0.52% | 0.40% | 0.49% | 0.70% | 0.49% | 0.61% | 1.04% | 1.79% | 1.45% | 1.93% | 1.93% | 1.67% |
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.
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Volatility
ARGT vs. AAPL - Volatility Comparison
The current volatility for Global X MSCI Argentina ETF (ARGT) is 5.96%, while Apple Inc (AAPL) has a volatility of 9.28%. This indicates that ARGT experiences smaller price fluctuations and is considered to be less risky than AAPL based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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