ARGT vs. EWZ
Compare and contrast key facts about Global X MSCI Argentina ETF (ARGT) and iShares MSCI Brazil ETF (EWZ).
ARGT and EWZ are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. 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. EWZ is a passively managed fund by iShares that tracks the performance of the MSCI Brazil 25/50 Index. It was launched on Jul 10, 2000. Both ARGT and EWZ are passive ETFs, meaning that they are not actively managed but aim to replicate the performance of the underlying index as closely as possible.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: ARGT or EWZ.
Key characteristics
| ARGT | EWZ | |
|---|---|---|
| YTD Return | 11.84% | -11.24% |
| 1Y Return | 49.29% | 17.42% |
| 3Y Return (Ann) | 26.63% | 4.39% |
| 5Y Return (Ann) | 18.77% | 0.84% |
| 10Y Return (Ann) | 12.23% | -0.03% |
| Sharpe Ratio | 1.71 | 0.73 |
| Daily Std Dev | 28.33% | 22.50% |
| Max Drawdown | -61.68% | -77.27% |
| Current Drawdown | 0.00% | -40.36% |
Correlation
The correlation between ARGT and EWZ is 0.55, 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.
Performance
ARGT vs. EWZ - Performance Comparison
In the year-to-date period, ARGT achieves a 11.84% return, which is significantly higher than EWZ's -11.24% return. Over the past 10 years, ARGT has outperformed EWZ with an annualized return of 12.23%, while EWZ has yielded a comparatively lower -0.03% annualized return. The chart below displays the growth of a $10,000 investment in both assets, with all prices adjusted for splits and dividends.
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ARGT vs. EWZ - Expense Ratio Comparison
ARGT has a 0.60% expense ratio, which is higher than EWZ's 0.59% expense ratio.
Risk-Adjusted Performance
ARGT vs. EWZ - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for Global X MSCI Argentina ETF (ARGT) and iShares MSCI Brazil ETF (EWZ). 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.
Dividends
ARGT vs. EWZ - Dividend Comparison
ARGT's dividend yield for the trailing twelve months is around 1.43%, less than EWZ's 6.37% yield.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
ARGT Global X MSCI Argentina ETF | 1.43% | 1.59% | 2.45% | 0.93% | 0.28% | 1.21% | 1.34% | 0.49% | 0.36% | 0.89% | 0.47% | 0.62% |
EWZ iShares MSCI Brazil ETF | 6.37% | 5.66% | 12.59% | 9.87% | 1.71% | 2.54% | 2.89% | 1.71% | 1.81% | 4.07% | 3.77% | 3.22% |
Drawdowns
ARGT vs. EWZ - Drawdown Comparison
The maximum ARGT drawdown since its inception was -61.68%, smaller than the maximum EWZ drawdown of -77.27%. Use the drawdown chart below to compare losses from any high point for ARGT and EWZ. For additional features, visit the drawdowns tool.
Volatility
ARGT vs. EWZ - Volatility Comparison
Global X MSCI Argentina ETF (ARGT) has a higher volatility of 9.31% compared to iShares MSCI Brazil ETF (EWZ) at 6.83%. This indicates that ARGT's price experiences larger fluctuations and is considered to be riskier than EWZ based on this measure. The chart below showcases a comparison of their rolling one-month volatility.