ARGT vs. OTGL

Last updated Jun 4, 2026

ARGT (Global X MSCI Argentina ETF) and OTGL (OTG Latin America ETF) are both Latin America Equities funds - ARGT tracks the MSCI All Argentina 25/50 while OTGL tracks the Actively Managed. Both are passively managed. A 0.62 correlation means they provide meaningful diversification when combined. ARGT charges 0.60%/yr vs 0.95%/yr for OTGL.

Performance

ARGT vs. OTGL - Performance Comparison

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

Returns By Period

In the year-to-date period, ARGT achieves a 3.65% return, which is significantly lower than OTGL's 5.63% return.

ARGT

• 1D: -3.12%
• 1M: 5.42%
• YTD: 3.65%
• 6M: 0.81%
• 1Y: 5.86%
• 3Y*: 33.61%
• 5Y*: 26.82%
• 10Y*: 17.46%

OTGL

• 1D: -1.90%
• 1M: -1.12%
• YTD: 5.63%
• 6M: 5.67%
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —

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

ARGT vs. OTGL - Yearly Performance Comparison

	2026 (YTD)	2025
ARGT Global X MSCI Argentina ETF	3.65%	14.88%
OTGL OTG Latin America ETF	5.63%	13.64%

Correlation

The correlation between ARGT and OTGL is 0.62, which is moderate. They share some common price drivers but move independently often enough to provide real diversification benefit when combined.

	Correlation
Correlation (All Time) Calculated using the full available price history since Jul 15, 2025	0.62

Return for Risk

ARGT vs. OTGL — Risk / Return Rank

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

ARGT

ARGT Risk / Return Rank: 12
ARGT Sharpe Ratio Rank: 11
ARGT Sortino Ratio Rank: 12
ARGT Omega Ratio Rank: 12
ARGT Calmar Ratio Rank: 12
ARGT Martin Ratio Rank: 11

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. OTGL - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Global X MSCI Argentina ETF (ARGT) and OTG Latin America ETF (OTGL). 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	OTGL	Difference
Sharpe ratio Return per unit of total volatility	0.16	—	—
Sortino ratio Return per unit of downside risk	0.55	—	—
Omega ratio Gain probability vs. loss probability	1.06	—	—
Calmar ratio Return relative to maximum drawdown	0.26	—	—
Martin ratio Return relative to average drawdown	0.57	—	—
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

Sharpe Ratios by Period

	ARGT	OTGL	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	0.16	—	—
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	0.84	—	—
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	0.56	—	—
Sharpe Ratio (All Time) Calculated using the full available price history	0.30	1.20	-0.90

Drawdowns

ARGT vs. OTGL - Drawdown Comparison

The maximum ARGT drawdown since its inception was -61.68%, which is greater than OTGL's maximum drawdown of -13.52%. Use the drawdown chart below to compare losses from any high point for ARGT and OTGL.

Drawdown Indicators

	ARGT	OTGL	Difference
Max Drawdown Largest peak-to-trough decline	-61.68%	-13.52%	-48.16%
Max Drawdown (1Y) Largest decline over 1 year	-22.97%	—	—
Max Drawdown (3Y) Largest decline over 3 years	-28.46%	—	—
Max Drawdown (5Y) Largest decline over 5 years	-35.14%	—	—
Max Drawdown (10Y) Largest decline over 10 years	-61.68%	—	—
Current Drawdown Current decline from peak	-7.96%	-8.97%	+1.01%
Average Drawdown Average peak-to-trough decline	-22.05%	-3.00%	-19.05%
Ulcer Index Depth and duration of drawdowns from previous peaks	11.20%	—	—

Volatility

Volatility by Period

	ARGT	OTGL	Difference
Volatility (1M) Calculated over the trailing 1-month period	10.43%	—	—
Volatility (6M) Calculated over the trailing 6-month period	20.31%	—	—
Volatility (1Y) Calculated over the trailing 1-year period	36.70%	19.02%	+17.68%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	31.92%	19.02%	+12.90%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	31.44%	19.02%	+12.42%

ARGT vs. OTGL - Expense Ratio Comparison

ARGT has a 0.60% expense ratio, which is lower than OTGL's 0.95% expense ratio.

Dividends

ARGT vs. OTGL - Dividend Comparison

ARGT's dividend yield for the trailing twelve months is around 0.81%, less than OTGL's 1.83% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
ARGT Global X MSCI Argentina ETF	0.81%	0.84%	1.41%	1.59%	2.45%	0.93%	0.28%	1.21%	1.34%	0.49%	0.36%	0.89%
OTGL OTG Latin America ETF	1.83%	1.89%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%

Frequently Asked Questions

Can I hold both ARGT and OTGL in my portfolio?

ARGT and OTGL have a correlation of 0.62, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which ETF is better, ARGT or OTGL?

On fees, ARGT is cheaper at 0.60% per year. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF is cheaper, ARGT or OTGL?

ARGT is cheaper with a 0.60% expense ratio, compared with 0.95% for OTGL.

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

OTGL has the higher dividend yield at 1.83%, compared with 0.81% for ARGT.

What is the main difference between ARGT and OTGL?

ARGT tracks MSCI All Argentina 25/50, while OTGL tracks Actively Managed. They also come from different issuers: Global X and OTG. Their fees differ too: 0.60% for ARGT and 0.95% for OTGL.