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ARGT vs. EIS
Performance
Return for Risk
Drawdowns
Volatility
Dividends

ARGT vs. EIS

Last updated Aug 4, 2026
Documentation

ARGT (Global X MSCI Argentina ETF) and EIS (iShares MSCI Israel ETF) are both exchange-traded funds - ARGT is a Latin America Equities fund tracking the MSCI All Argentina 25/50 Index, while EIS is a Foreign Large Cap Equities fund tracking the MSCI Israel Capped Investable Market Index (Net). Both are passively managed. Over the past 10 years, ARGT returned 16.68%/yr vs 10.88%/yr for EIS. Their 0.48 correlation means their historical movements had little consistent relationship. Both charge a 0.59% expense ratio.

Performance

ARGT vs. EIS - Performance Comparison

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

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Returns By Period

In the year-to-date period, ARGT achieves a 4.48% return, which is significantly lower than EIS's 9.39% return. Over the past 10 years, ARGT has outperformed EIS with an annualized return of 16.68%, while EIS has yielded a comparatively lower 10.88% annualized return.

ARGT

1D
0.01%
1M
4.06%
6M
-1.88%
YTD
4.48%
1Y
17.73%
3Y*
29.33%
5Y*
26.94%
10Y*
16.68%
ALL TIME*
8.93%

EIS

1D
0.25%
1M
-0.69%
6M
-0.29%
YTD
9.39%
1Y
33.58%
3Y*
30.19%
5Y*
12.65%
10Y*
10.88%
ALL TIME*
6.86%
*Multi-year figures are annualized to reflect compound growth (CAGR)

Liquidity Comparison

PositionAvg. Volume Value (2W)Avg. Volume Value (1M)Avg. Volume Value (3M)

ARGT

Global X MSCI Argentina ETF
$12.07M$11.47M$18.71M

EIS

iShares MSCI Israel ETF
$7.40M$7.68M$10.93M

ARGT vs. EIS - Yearly Performance Comparison

2026 (YTD)202520242023202220212020201920182017
ARGT
Global X MSCI Argentina ETF		4.48%11.51%63.46%53.64%11.80%3.83%14.58%14.50%-32.62%53.87%
EIS
iShares MSCI Israel ETF		9.39%45.11%34.50%5.48%-27.05%22.83%12.01%20.93%-4.84%12.77%

Correlation

The correlation between ARGT and EIS is 0.33, which is low. Their historical price movements had little consistent relationship.

Correlation
Correlation (1Y)
Focuses on recent behavior, but can change the most.

0.33

Correlation (3Y)
Balances recent behavior with more history.

0.41

Correlation (5Y)
Shows whether the relationship held over a longer period.

0.48

Correlation (10Y)
Provides a long-term view across more market conditions.

0.51

Correlation (All Time)
Calculated using the full available price history since Mar 3, 2011

0.48

The correlation between ARGT and EIS shifts across timeframes, from 0.33 (1 year) to 0.51 (10 years), reflecting how their relationship changes across market environments.

ARGT vs. EIS - Sectors Allocation Comparison

Sectors
ARGT
EIS

Consumer Cyclical

29.3%
2.5%

Energy

19.3%
2.0%

Financial Services

17.1%
34.4%

Utilities

9.7%
6.7%

Basic Materials

9.5%
1.6%

Industrials

3.9%
10.9%

Communication Services

3.2%
2.5%

Consumer Defensive

3.1%
2.3%

Real Estate

1.6%
8.4%

Healthcare

-

9.4%

Technology

-

18.7%

Consumer Cyclical

ARGT
29.3%
EIS
2.5%

Energy

ARGT
19.3%
EIS
2.0%

Financial Services

ARGT
17.1%
EIS
34.4%

Utilities

ARGT
9.7%
EIS
6.7%

Basic Materials

ARGT
9.5%
EIS
1.6%

Industrials

ARGT
3.9%
EIS
10.9%

Communication Services

ARGT
3.2%
EIS
2.5%

Consumer Defensive

ARGT
3.1%
EIS
2.3%

Real Estate

ARGT
1.6%
EIS
8.4%

Healthcare

ARGT

-

EIS
9.4%

Technology

ARGT

-

EIS
18.7%

Compare stocks, funds, or ETFs

Search for stocks, ETFs, and funds for a quick comparison or use the comparison tool for more options.

Global X MSCI Argentina ETF

iShares MSCI Israel ETF

Often compared with ARGT:
ARGT vs. EWZARGT vs. SPYARGT vs. VOOARGT vs. EDENARGT vs. EPUARGT vs. HTUSARGT vs. VGT
Often compared with EIS:
EIS vs. ISRAEIS vs. IZRLEIS vs. SPYEIS vs. VOOEIS vs. ITEQEIS vs. QQQEIS vs. EPU

Return for Risk

ARGT vs. EIS — Risk / Return Rank

Compare historical risk-adjusted metric ranks over the past 12 months.
ARGT
ARGT Risk / Return Rank: 2525
Overall Rank
ARGT Sharpe Ratio Rank: 2222
Sharpe Ratio Rank
ARGT Sortino Ratio Rank: 2828
Sortino Ratio Rank
ARGT Omega Ratio Rank: 2727
Omega Ratio Rank
ARGT Calmar Ratio Rank: 2626
Calmar Ratio Rank
ARGT Martin Ratio Rank: 2323
Martin Ratio Rank
EIS
EIS Risk / Return Rank: 5858
Overall Rank
EIS Sharpe Ratio Rank: 5959
Sharpe Ratio Rank
EIS Sortino Ratio Rank: 6060
Sortino Ratio Rank
EIS Omega Ratio Rank: 5757
Omega Ratio Rank
EIS Calmar Ratio Rank: 6161
Calmar Ratio Rank
EIS Martin Ratio Rank: 5252
Martin Ratio Rank
The rank (0–100) uses a weighted average of the Sharpe, Sortino, Omega, Calmar, and Martin percentile ranks for the trailing 12 months. Higher means stronger historical risk-adjusted performance within the peer group.

ARGT vs. EIS - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Global X MSCI Argentina ETF (ARGT) and iShares MSCI Israel ETF (EIS). 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.

Values are calculated on a 1-year rolling basis and updated daily. Risk-adjusted metrics are more stable over longer periods — use the period switch above to explore them.

ARGTEISDifference
Sharpe ratioReturn per unit of total volatility
0.48
1.45

-0.97

Sortino ratioReturn per unit of downside risk
1.03
2.08

-1.05

Omega ratioGain probability vs. loss probability

1.12

1.26

-0.13

Calmar ratioReturn relative to maximum drawdown

0.81

2.19

-1.39

Martin ratioReturn relative to average drawdown

1.71

6.30

-4.59

ARGT vs. EIS - Sharpe Ratio Comparison

The current ARGT Sharpe Ratio is 0.48, which is lower than the EIS Sharpe Ratio of 1.45. The chart below compares the historical Sharpe Ratios of ARGT and EIS, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

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Drawdowns

ARGT vs. EIS - Drawdown Comparison

The maximum ARGT drawdown since its inception was -61.68%, which is greater than EIS's maximum drawdown of -51.94%. Use the drawdown chart below to compare losses from any high point for ARGT and EIS.

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Drawdown Indicators

ARGTEISDifference

Max Drawdown

Largest peak-to-trough decline

-61.68%

-51.94%

-9.74%

Max Drawdown (1Y)

Largest decline over 1 year

-22.02%

-15.37%

-6.65%

Max Drawdown (3Y)

Largest decline over 3 years

-28.46%

-21.75%

-6.71%

Max Drawdown (5Y)

Largest decline over 5 years

-35.14%

-41.88%

+6.74%

Max Drawdown (10Y)

Largest decline over 10 years

-61.68%

-41.88%

-19.80%

Current Drawdown

Current decline from peak

-7.22%

-12.58%

+5.36%

Average Drawdown

Average peak-to-trough decline

-21.91%

-13.88%

-8.03%

Ulcer Index

Depth and duration of drawdowns from previous peaks

10.37%

5.34%

+5.03%

Volatility

ARGT vs. EIS - Volatility Comparison

Global X MSCI Argentina ETF (ARGT) has a higher volatility of 7.57% compared to iShares MSCI Israel ETF (EIS) at 6.92%. This indicates that ARGT's price experiences larger fluctuations and is considered to be riskier than EIS based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

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Volatility by Period

ARGTEISDifference

Volatility (1M)

Calculated over the trailing 1-month period

7.57%

6.92%

+0.65%

Volatility (6M)

Calculated over the trailing 6-month period

20.83%

18.77%

+2.06%

Volatility (1Y)

Calculated over the trailing 1-year period

37.36%

23.31%

+14.05%

Volatility (5Y)

Calculated over the trailing 5-year period, annualized

32.17%

22.34%

+9.83%

Volatility (10Y)

Calculated over the trailing 10-year period, annualized

31.52%

21.30%

+10.22%

ARGT vs. EIS - Expense Ratio Comparison

Both ARGT and EIS have an expense ratio of 0.59%.

Dividends

ARGT vs. EIS - Dividend Comparison

ARGT's dividend yield for the trailing twelve months is around 1.08%, less than EIS's 1.55% yield.

PositionTTM20252024202320222021202020192018201720162015
ARGT
Global X MSCI Argentina ETF		1.08%0.84%1.41%1.59%2.45%0.93%0.28%1.21%1.34%0.49%0.36%0.89%
EIS
iShares MSCI Israel ETF		1.55%1.44%1.38%1.39%1.66%1.04%0.16%2.06%0.87%2.02%1.78%2.55%

Frequently Asked Questions

ARGT and EIS have a correlation of 0.33, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

ARGT has higher volatility (7.57%) compared to EIS (6.92%). In terms of maximum drawdown, ARGT dropped -61.68% vs EIS's -51.94%.

On 10-year performance, ARGT leads with 16.68% vs 10.88% for EIS. Both ETFs have the same 0.59% expense ratio. On volatility, EIS has been the lower-risk option at 6.92%. The better choice depends on whether you care most about return, fees, risk, or income.

Over the 10-year period, ARGT has performed better with a 16.68% return vs 10.88%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

ARGT and EIS have the same expense ratio: 0.59% per year.

EIS has the higher dividend yield at 1.55%, compared with 1.08% for ARGT.

ARGT is categorized as Latin America Equities, while EIS is Foreign Large Cap Equities. ARGT tracks MSCI All Argentina 25/50 Index, while EIS tracks MSCI Israel Capped Investable Market Index (Net). They also come from different issuers: Global X and iShares.

EIS currently has the higher Sharpe Ratio (1.45 vs 0.48), 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.

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