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ARGT vs. QAT
Performance
Return for Risk
Drawdowns
Volatility
Dividends

ARGT vs. QAT

Last updated Jul 15, 2026
Documentation

ARGT (Global X MSCI Argentina ETF) and QAT (iShares MSCI Qatar ETF) are both exchange-traded funds - ARGT is a Latin America Equities fund tracking the MSCI All Argentina 25/50 Index, while QAT is a Emerging Markets Equities fund tracking the MSCI All Qatar Capped Index. Both are passively managed. Over the past 10 years, ARGT returned 16.59%/yr vs 3.26%/yr for QAT. At a 0.24 correlation, their price movements are largely independent. Both charge a 0.59% expense ratio.

Performance

ARGT vs. QAT - Performance Comparison

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

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Returns By Period

In the year-to-date period, ARGT achieves a 4.02% return, which is significantly higher than QAT's -2.07% return. Over the past 10 years, ARGT has outperformed QAT with an annualized return of 16.59%, while QAT has yielded a comparatively lower 3.26% annualized return.

ARGT

1D
0.28%
1M
-2.89%
6M
2.06%
YTD
4.02%
1Y
19.49%
3Y*
29.87%
5Y*
27.53%
10Y*
16.59%

QAT

1D
0.30%
1M
-0.92%
6M
-6.50%
YTD
-2.07%
1Y
-0.32%
3Y*
4.23%
5Y*
3.02%
10Y*
3.26%
*Multi-year figures are annualized to reflect compound growth (CAGR)

ARGT vs. QAT - Yearly Performance Comparison

2026 (YTD)202520242023202220212020201920182017
ARGT
Global X MSCI Argentina ETF		4.02%11.51%63.46%53.64%11.80%3.83%14.58%14.50%-32.62%53.87%
QAT
iShares MSCI Qatar ETF		-2.07%8.81%5.20%2.72%-7.23%14.42%6.94%-0.44%20.03%-11.66%

Correlation

The correlation between ARGT and QAT is 0.23, which is low. Their price movements are largely independent, making them effective diversification partners.

Correlation
Correlation (1Y)
Calculated over the trailing 1-year period

0.23

Correlation (3Y)
Calculated over the trailing 3-year period

0.20

Correlation (5Y)
Calculated over the trailing 5-year period

0.24

Correlation (10Y)
Calculated over the trailing 10-year period

0.23

Correlation (All Time)
Calculated using the full available price history since May 1, 2014

0.24

ARGT vs. QAT - Sectors Allocation Comparison

Sectors
ARGT
QAT

Consumer Cyclical

23.4%
0.7%

Energy

22.5%
7.6%

Financial Services

16.0%
55.5%

Basic Materials

13.1%
12.6%

Industrials

8.2%
8.4%

Consumer Defensive

6.7%
0.6%

Utilities

5.3%
2.5%

Communication Services

3.4%
6.3%

Real Estate

1.4%
4.0%

Healthcare

-

0.8%

Technology

-

1.0%

Consumer Cyclical

ARGT
23.4%
QAT
0.7%

Energy

ARGT
22.5%
QAT
7.6%

Financial Services

ARGT
16.0%
QAT
55.5%

Basic Materials

ARGT
13.1%
QAT
12.6%

Industrials

ARGT
8.2%
QAT
8.4%

Consumer Defensive

ARGT
6.7%
QAT
0.6%

Utilities

ARGT
5.3%
QAT
2.5%

Communication Services

ARGT
3.4%
QAT
6.3%

Real Estate

ARGT
1.4%
QAT
4.0%

Healthcare

ARGT

-

QAT
0.8%

Technology

ARGT

-

QAT
1.0%

Compare stocks, funds, or ETFs

Search for stocks, ETFs, and funds for a quick comparison or use the comparison tool for more options.

Global X MSCI Argentina ETF

iShares MSCI Qatar ETF

Often compared with ARGT:
ARGT vs. EWZARGT vs. SPYARGT vs. VOOARGT vs. EDENARGT vs. EPUARGT vs. HTUSARGT vs. VGT
Often compared with QAT:
QAT vs. UAEQAT vs. KSAQAT vs. ENORQAT vs. SJMQAT vs. EDENQAT vs. EIRLQAT vs. VOO

Return for Risk

ARGT vs. QAT — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.
ARGT
ARGT Risk / Return Rank: 2222
Overall Rank
ARGT Sharpe Ratio Rank: 1919
Sharpe Ratio Rank
ARGT Sortino Ratio Rank: 2424
Sortino Ratio Rank
ARGT Omega Ratio Rank: 2323
Omega Ratio Rank
ARGT Calmar Ratio Rank: 2323
Calmar Ratio Rank
ARGT Martin Ratio Rank: 2020
Martin Ratio Rank
QAT
QAT Risk / Return Rank: 99
Overall Rank
QAT Sharpe Ratio Rank: 99
Sharpe Ratio Rank
QAT Sortino Ratio Rank: 99
Sortino Ratio Rank
QAT Omega Ratio Rank: 88
Omega Ratio Rank
QAT Calmar Ratio Rank: 99
Calmar Ratio Rank
QAT Martin Ratio Rank: 99
Martin Ratio Rank
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. QAT - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Global X MSCI Argentina ETF (ARGT) and iShares MSCI Qatar ETF (QAT). 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.

ARGTQATDifference
Sharpe ratioReturn per unit of total volatility
0.53
-0.02

+0.55

Sortino ratioReturn per unit of downside risk
1.10
0.06

+1.04

Omega ratioGain probability vs. loss probability

1.13

1.01

+0.13

Calmar ratioReturn relative to maximum drawdown

0.89

-0.03

+0.92

Martin ratioReturn relative to average drawdown

1.92

-0.05

+1.97

ARGT vs. QAT - Sharpe Ratio Comparison

The current ARGT Sharpe Ratio is 0.53, which is higher than the QAT Sharpe Ratio of -0.02. The chart below compares the historical Sharpe Ratios of ARGT and QAT, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

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Drawdowns

ARGT vs. QAT - Drawdown Comparison

The maximum ARGT drawdown since its inception was -61.68%, which is greater than QAT's maximum drawdown of -45.21%. Use the drawdown chart below to compare losses from any high point for ARGT and QAT.

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Drawdown Indicators

ARGTQATDifference

Max Drawdown

Largest peak-to-trough decline

-61.68%

-45.21%

-16.47%

Max Drawdown (1Y)

Largest decline over 1 year

-22.02%

-10.60%

-11.42%

Max Drawdown (3Y)

Largest decline over 3 years

-28.46%

-17.41%

-11.05%

Max Drawdown (5Y)

Largest decline over 5 years

-35.14%

-33.17%

-1.97%

Max Drawdown (10Y)

Largest decline over 10 years

-61.68%

-34.04%

-27.64%

Current Drawdown

Current decline from peak

-7.63%

-14.25%

+6.62%

Average Drawdown

Average peak-to-trough decline

-21.96%

-19.12%

-2.84%

Ulcer Index

Depth and duration of drawdowns from previous peaks

10.19%

6.09%

+4.10%

Volatility

ARGT vs. QAT - Volatility Comparison

Global X MSCI Argentina ETF (ARGT) has a higher volatility of 6.16% compared to iShares MSCI Qatar ETF (QAT) at 4.38%. This indicates that ARGT's price experiences larger fluctuations and is considered to be riskier than QAT based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

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Volatility by Period

ARGTQATDifference

Volatility (1M)

Calculated over the trailing 1-month period

6.16%

4.38%

+1.78%

Volatility (6M)

Calculated over the trailing 6-month period

21.19%

11.17%

+10.02%

Volatility (1Y)

Calculated over the trailing 1-year period

37.13%

13.37%

+23.76%

Volatility (5Y)

Calculated over the trailing 5-year period, annualized

32.12%

15.08%

+17.04%

Volatility (10Y)

Calculated over the trailing 10-year period, annualized

31.48%

17.52%

+13.96%

ARGT vs. QAT - Expense Ratio Comparison

Both ARGT and QAT have an expense ratio of 0.59%.

Dividends

ARGT vs. QAT - Dividend Comparison

ARGT's dividend yield for the trailing twelve months is around 1.09%, less than QAT's 4.78% yield.

PositionTTM20252024202320222021202020192018201720162015
ARGT
Global X MSCI Argentina ETF		1.09%0.84%1.41%1.59%2.45%0.93%0.28%1.21%1.34%0.49%0.36%0.89%
QAT
iShares MSCI Qatar ETF		4.78%3.51%5.90%3.92%4.78%2.33%2.63%3.57%4.63%4.10%3.51%4.49%

Frequently Asked Questions

ARGT and QAT have a correlation of 0.23, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

ARGT has higher volatility (6.16%) compared to QAT (4.38%). In terms of maximum drawdown, ARGT dropped -61.68% vs QAT's -45.21%.

On 10-year performance, ARGT leads with 16.59% vs 3.26% for QAT. Both ETFs have the same 0.59% expense ratio. On volatility, QAT has been the lower-risk option at 4.38%. The better choice depends on whether you care most about return, fees, risk, or income.

Over the 10-year period, ARGT has performed better with a 16.59% return vs 3.26%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

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

QAT has the higher dividend yield at 4.78%, compared with 1.09% for ARGT.

ARGT is categorized as Latin America Equities, while QAT is Emerging Markets Equities. ARGT tracks MSCI All Argentina 25/50 Index, while QAT tracks MSCI All Qatar Capped Index. They also come from different issuers: Global X and iShares.

ARGT currently has the higher Sharpe Ratio (0.53 vs -0.02), 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.

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