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.
Performance
ARGT vs. EWZ - Performance Comparison
Loading graphics...
ARGT vs. EWZ - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
ARGT Global X MSCI Argentina ETF | 2.09% | 11.51% | 63.46% | 53.64% | 11.80% | 3.83% | 14.58% | 14.50% | -32.62% | 53.87% |
EWZ iShares MSCI Brazil ETF | 20.84% | 48.81% | -30.41% | 32.62% | 12.09% | -17.32% | -20.35% | 27.67% | -2.52% | 23.62% |
Returns By Period
In the year-to-date period, ARGT achieves a 2.09% return, which is significantly lower than EWZ's 20.84% return. Over the past 10 years, ARGT has outperformed EWZ with an annualized return of 18.46%, while EWZ has yielded a comparatively lower 9.08% annualized return.
ARGT
- 1D
- 4.75%
- 1M
- 3.97%
- YTD
- 2.09%
- 6M
- 34.80%
- 1Y
- 16.52%
- 3Y*
- 35.23%
- 5Y*
- 28.13%
- 10Y*
- 18.46%
EWZ
- 1D
- 4.41%
- 1M
- -0.88%
- YTD
- 20.84%
- 6M
- 28.18%
- 1Y
- 56.58%
- 3Y*
- 19.24%
- 5Y*
- 11.82%
- 10Y*
- 9.08%
Compare stocks, funds, or ETFs
Search for stocks, ETFs, and funds for a quick comparison or use the comparison tool for more options.
ARGT vs. EWZ - Expense Ratio Comparison
ARGT has a 0.60% expense ratio, which is higher than EWZ's 0.59% expense ratio.
Return for Risk
ARGT vs. EWZ — Risk / Return Rank
ARGT
EWZ
ARGT vs. EWZ - Risk-Adjusted Trends 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.
| ARGT | EWZ | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | 0.42 | 2.19 | -1.76 |
Sortino ratioReturn per unit of downside risk | 0.97 | 2.75 | -1.78 |
Omega ratioGain probability vs. loss probability | 1.12 | 1.37 | -0.26 |
Calmar ratioReturn relative to maximum drawdown | 0.46 | 4.89 | -4.43 |
Martin ratioReturn relative to average drawdown | 1.06 | 13.02 | -11.96 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
Loading graphics...
Sharpe Ratios by Period
| ARGT | EWZ | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 0.42 | 2.19 | -1.76 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.89 | 0.43 | +0.46 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.59 | 0.27 | +0.33 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.30 | 0.18 | +0.12 |
Correlation
The correlation between ARGT and EWZ is 0.54, 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.
Dividends
ARGT vs. EWZ - Dividend Comparison
ARGT's dividend yield for the trailing twelve months is around 0.83%, less than EWZ's 4.29% yield.
| 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% |
EWZ iShares MSCI Brazil ETF | 4.29% | 5.19% | 8.91% | 5.66% | 12.59% | 9.87% | 1.71% | 2.54% | 2.89% | 1.71% | 1.81% | 4.08% |
Drawdowns
ARGT vs. EWZ - Drawdown Comparison
The maximum ARGT drawdown since its inception was -61.68%, smaller than the maximum EWZ drawdown of -77.25%. Use the drawdown chart below to compare losses from any high point for ARGT and EWZ.
Loading graphics...
Drawdown Indicators
| ARGT | EWZ | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -61.68% | -77.25% | +15.57% |
Max Drawdown (1Y)Largest decline over 1 year | -28.46% | -11.44% | -17.02% |
Max Drawdown (5Y)Largest decline over 5 years | -35.14% | -32.24% | -2.90% |
Max Drawdown (10Y)Largest decline over 10 years | -61.68% | -56.99% | -4.69% |
Current DrawdownCurrent decline from peak | -9.35% | -15.84% | +6.49% |
Average DrawdownAverage peak-to-trough decline | -22.19% | -36.09% | +13.90% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 12.33% | 4.29% | +8.04% |
Volatility
ARGT vs. EWZ - Volatility Comparison
The current volatility for Global X MSCI Argentina ETF (ARGT) is 9.70%, while iShares MSCI Brazil ETF (EWZ) has a volatility of 12.21%. This indicates that ARGT experiences smaller price fluctuations and is considered to be less risky than EWZ based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
Loading graphics...
Volatility by Period
| ARGT | EWZ | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 9.70% | 12.21% | -2.51% |
Volatility (6M)Calculated over the trailing 6-month period | 28.27% | 19.72% | +8.55% |
Volatility (1Y)Calculated over the trailing 1-year period | 39.23% | 25.98% | +13.25% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 31.77% | 27.78% | +3.99% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 31.37% | 34.34% | -2.97% |