ARGT vs. MSFT

Last updated Jun 14, 2026

ARGT (Global X MSCI Argentina ETF) is Latin America Equities fund tracking the MSCI All Argentina 25/50, while MSFT (Microsoft Corporation) is a stock. Over the past 10 years, ARGT returned 17.70%/yr vs 24.39%/yr for MSFT. At a 0.40 correlation, their price movements are largely independent.

Performance

ARGT vs. MSFT - Performance Comparison

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

Returns By Period

In the year-to-date period, ARGT achieves a 7.11% return, which is significantly higher than MSFT's -18.85% return. Over the past 10 years, ARGT has underperformed MSFT with an annualized return of 17.70%, while MSFT has yielded a comparatively higher 24.39% annualized return.

ARGT

• 1D: -0.06%
• 1M: 9.42%
• YTD: 7.11%
• 6M: 9.09%
• 1Y: 14.29%
• 3Y*: 33.30%
• 5Y*: 27.23%
• 10Y*: 17.70%

MSFT

• 1D: 0.10%
• 1M: -7.19%
• YTD: -18.85%
• 6M: -17.98%
• 1Y: -17.07%
• 3Y*: 6.16%
• 5Y*: 9.56%
• 10Y*: 24.39%

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

ARGT vs. MSFT - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
ARGT Global X MSCI Argentina ETF	7.11%	11.51%	63.46%	53.64%	11.80%	3.83%	14.58%	14.50%	-32.62%	53.87%
MSFT Microsoft Corporation	-18.85%	15.58%	12.93%	58.19%	-28.02%	52.48%	42.53%	57.56%	20.80%	40.73%

Correlation

The correlation between ARGT and MSFT is 0.22, which is low. Their price movements are largely independent, making them effective diversification partners.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.22
Correlation (3Y) Calculated over the trailing 3-year period	0.29
Correlation (5Y) Calculated over the trailing 5-year period	0.36
Correlation (10Y) Calculated over the trailing 10-year period	0.41
Correlation (All Time) Calculated using the full available price history since Mar 3, 2011	0.40

The correlation between ARGT and MSFT shifts across timeframes, from 0.22 (1 year) to 0.41 (10 years), reflecting how their relationship changes across market environments.

Return for Risk

ARGT vs. MSFT — Risk / Return Rank

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

ARGT

ARGT Risk / Return Rank: 17
ARGT Sharpe Ratio Rank: 15
ARGT Sortino Ratio Rank: 17
ARGT Omega Ratio Rank: 17
ARGT Calmar Ratio Rank: 17
ARGT Martin Ratio Rank: 16

MSFT

MSFT Risk / Return Rank: 17
MSFT Sharpe Ratio Rank: 13
MSFT Sortino Ratio Rank: 15
MSFT Omega Ratio Rank: 14
MSFT Calmar Ratio Rank: 24
MSFT Martin Ratio Rank: 20

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. MSFT - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Global X MSCI Argentina ETF (ARGT) and Microsoft Corporation (MSFT). 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	MSFT	Difference
Sharpe ratio: Return per unit of total volatility	0.34	-0.70	+1.04
Sortino ratio: Return per unit of downside risk	0.83	-0.84	+1.67
Omega ratio: Gain probability vs. loss probability	1.10	0.89	+0.21
Calmar ratio: Return relative to maximum drawdown	0.57	-0.53	+1.09
Martin ratio: Return relative to average drawdown	1.25	-1.08	+2.33

ARGT vs. MSFT - Sharpe Ratio Comparison

The current ARGT Sharpe Ratio is 0.34, which is higher than the MSFT Sharpe Ratio of -0.70. The chart below compares the historical Sharpe Ratios of ARGT and MSFT, 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. MSFT - Drawdown Comparison

The maximum ARGT drawdown since its inception was -61.68%, smaller than the maximum MSFT drawdown of -69.38%. Use the drawdown chart below to compare losses from any high point for ARGT and MSFT.

Drawdown Indicators

	ARGT	MSFT	Difference
Max Drawdown Largest peak-to-trough decline	-61.68%	-69.38%	+7.70%
Max Drawdown (1Y) Largest decline over 1 year	-22.25%	-33.91%	+11.66%
Max Drawdown (3Y) Largest decline over 3 years	-28.46%	-33.91%	+5.45%
Max Drawdown (5Y) Largest decline over 5 years	-35.14%	-37.15%	+2.01%
Max Drawdown (10Y) Largest decline over 10 years	-61.68%	-37.15%	-24.53%
Current Drawdown Current decline from peak	-4.89%	-27.46%	+22.57%
Average Drawdown Average peak-to-trough decline	-22.02%	-21.78%	-0.24%
Ulcer Index Depth and duration of drawdowns from previous peaks	10.34%	16.48%	-6.14%

Volatility

ARGT vs. MSFT - Volatility Comparison

Global X MSCI Argentina ETF (ARGT) has a higher volatility of 11.28% compared to Microsoft Corporation (MSFT) at 10.52%. This indicates that ARGT's price experiences larger fluctuations and is considered to be riskier than MSFT based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	ARGT	MSFT	Difference
Volatility (1M) Calculated over the trailing 1-month period	11.28%	10.52%	+0.76%
Volatility (6M) Calculated over the trailing 6-month period	21.26%	22.31%	-1.05%
Volatility (1Y) Calculated over the trailing 1-year period	37.19%	25.42%	+11.77%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	32.06%	26.66%	+5.40%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	31.50%	27.06%	+4.44%

Dividends

ARGT vs. MSFT - Dividend Comparison

ARGT's dividend yield for the trailing twelve months is around 0.79%, less than MSFT's 0.91% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
ARGT Global X MSCI Argentina ETF	0.79%	0.84%	1.41%	1.59%	2.45%	0.93%	0.28%	1.21%	1.34%	0.49%	0.36%	0.89%
MSFT Microsoft Corporation	0.91%	0.70%	0.73%	0.74%	1.06%	0.68%	0.94%	1.20%	1.69%	1.86%	2.37%	2.33%

Frequently Asked Questions

Can I hold both ARGT and MSFT in my portfolio?

ARGT and MSFT have a correlation of 0.22, 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 MSFT?

ARGT has higher volatility (11.28%) compared to MSFT (10.52%). In terms of maximum drawdown, ARGT dropped -61.68% vs MSFT's -69.38%.

Which has better risk-adjusted returns?

ARGT currently has the higher Sharpe Ratio (0.34 vs -0.70), 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.