ARGT vs. EIS

Last updated Jun 24, 2026

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 17.15%/yr vs 11.61%/yr for EIS. At a 0.48 correlation, their price movements are largely independent. 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.

Returns By Period

In the year-to-date period, ARGT achieves a 1.25% return, which is significantly lower than EIS's 9.26% return. Over the past 10 years, ARGT has outperformed EIS with an annualized return of 17.15%, while EIS has yielded a comparatively lower 11.61% annualized return.

ARGT

• 1D: -2.31%
• 1M: 2.38%
• YTD: 1.25%
• 6M: 1.33%
• 1Y: 10.94%
• 3Y*: 28.12%
• 5Y*: 25.41%
• 10Y*: 17.15%

EIS

• 1D: -1.31%
• 1M: -10.17%
• YTD: 9.26%
• 6M: 6.96%
• 1Y: 35.91%
• 3Y*: 31.69%
• 5Y*: 12.91%
• 10Y*: 11.61%

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

ARGT vs. EIS - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
ARGT Global X MSCI Argentina ETF	1.25%	11.51%	63.46%	53.64%	11.80%	3.83%	14.58%	14.50%	-32.62%	53.87%
EIS iShares MSCI Israel ETF	9.26%	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 0.32, which is low. Their price movements are largely independent, making them effective diversification partners.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.32
Correlation (3Y) Calculated over the trailing 3-year period	0.41
Correlation (5Y) Calculated over the trailing 5-year period	0.49
Correlation (10Y) Calculated over the trailing 10-year period	0.52
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 0.32 (1 year) to 0.52 (10 years), reflecting how their relationship changes across market environments.

ARGT vs. EIS - Sectors Allocation Comparison

Sectors	ARGT	EIS
Consumer Cyclical	23.4%	2.7%
Energy	22.5%	2.3%
Financial Services	16.0%	32.3%
Basic Materials	13.1%	1.7%
Industrials	8.2%	11.2%
Consumer Defensive	6.7%	1.8%
Utilities	5.3%	6.3%
Communication Services	3.4%	2.5%
Real Estate	1.4%	8.9%
Healthcare	-	9.6%
Technology	-	19.5%

Return for Risk

ARGT vs. EIS — Risk / Return Rank

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

ARGT

ARGT Risk / Return Rank: 14
ARGT Sharpe Ratio Rank: 13
ARGT Sortino Ratio Rank: 15
ARGT Omega Ratio Rank: 15
ARGT Calmar Ratio Rank: 15
ARGT Martin Ratio Rank: 14

EIS

EIS Risk / Return Rank: 50
EIS Sharpe Ratio Rank: 47
EIS Sortino Ratio Rank: 47
EIS Omega Ratio Rank: 44
EIS Calmar Ratio Rank: 60
EIS Martin Ratio Rank: 54

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. 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.

	ARGT	EIS	Difference
Sharpe ratio: Return per unit of total volatility	0.29	1.55	-1.26
Sortino ratio: Return per unit of downside risk	0.76	2.22	-1.46
Omega ratio: Gain probability vs. loss probability	1.09	1.27	-0.18
Calmar ratio: Return relative to maximum drawdown	0.50	2.84	-2.34
Martin ratio: Return relative to average drawdown	1.10	9.08	-7.99

ARGT vs. EIS - Sharpe Ratio Comparison

The current ARGT Sharpe Ratio is 0.29, which is lower than the EIS Sharpe Ratio of 1.55. 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.

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.

Drawdown Indicators

	ARGT	EIS	Difference
Max Drawdown Largest peak-to-trough decline	-61.68%	-51.94%	-9.74%
Max Drawdown (1Y) Largest decline over 1 year	-22.02%	-12.69%	-9.33%
Max Drawdown (3Y) Largest decline over 3 years	-28.46%	-24.10%	-4.36%
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	-10.09%	-12.69%	+2.60%
Average Drawdown Average peak-to-trough decline	-22.00%	-13.89%	-8.11%
Ulcer Index Depth and duration of drawdowns from previous peaks	10.01%	3.96%	+6.05%

Volatility

ARGT vs. EIS - Volatility Comparison

Global X MSCI Argentina ETF (ARGT) and iShares MSCI Israel ETF (EIS) have volatilities of 10.38% and 10.15%, respectively, indicating that both stocks experience similar levels of price fluctuations. This suggests that the risk associated with both stocks, as measured by volatility, is nearly the same. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	ARGT	EIS	Difference
Volatility (1M) Calculated over the trailing 1-month period	10.38%	10.15%	+0.23%
Volatility (6M) Calculated over the trailing 6-month period	21.17%	18.14%	+3.03%
Volatility (1Y) Calculated over the trailing 1-year period	37.26%	23.35%	+13.91%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	32.11%	22.18%	+9.93%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	31.49%	21.23%	+10.26%

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 0.83%, less than EIS's 1.56% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
ARGT Global X MSCI Argentina ETF	0.83%	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	1.56%	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

Can I hold both ARGT and EIS in my portfolio?

ARGT and EIS have a correlation of 0.32, 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 EIS?

ARGT has higher volatility (10.38%) compared to EIS (10.15%). In terms of maximum drawdown, ARGT dropped -61.68% vs EIS's -51.94%.

Which ETF is better, ARGT or EIS?

On 10-year performance, ARGT leads with 17.15% vs 11.61% for EIS. Both ETFs have the same 0.59% expense ratio. On volatility, EIS has been the lower-risk option at 10.15%. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF has performed better, ARGT or EIS?

Over the 10-year period, ARGT has performed better with a 17.15% return vs 11.61%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, ARGT or EIS?

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

Which ETF pays a higher dividend yield, ARGT or EIS?

EIS has the higher dividend yield at 1.56%, compared with 0.83% for ARGT.

What is the main difference between ARGT and EIS?

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.

Which has better risk-adjusted returns?

EIS currently has the higher Sharpe Ratio (1.55 vs 0.29), 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.