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ARGT vs. QQQ
Performance
Return for Risk
Drawdowns
Volatility
Dividends

ARGT vs. QQQ

Last updated Jun 14, 2026

ARGT (Global X MSCI Argentina ETF) and QQQ (Invesco QQQ ETF) are both exchange-traded funds - ARGT is a Latin America Equities fund tracking the MSCI All Argentina 25/50, while QQQ is a Nasdaq-100 fund tracking the NASDAQ-100 Index. Both are passively managed. Over the past 10 years, ARGT returned 17.70%/yr vs 21.79%/yr for QQQ. A 0.53 correlation means they provide meaningful diversification when combined. ARGT charges 0.60%/yr vs 0.18%/yr for QQQ.

Performance

ARGT vs. QQQ - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Global X MSCI Argentina ETF (ARGT) and Invesco QQQ ETF (QQQ). 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 7.11% return, which is significantly lower than QQQ's 17.57% return. Over the past 10 years, ARGT has underperformed QQQ with an annualized return of 17.70%, while QQQ has yielded a comparatively higher 21.79% annualized return.

ARGT

1D
-0.06%
1M
12.71%
YTD
7.11%
6M
9.09%
1Y
14.29%
3Y*
33.30%
5Y*
27.23%
10Y*
17.70%

QQQ

1D
0.59%
1M
1.75%
YTD
17.57%
6M
17.85%
1Y
37.55%
3Y*
26.43%
5Y*
16.85%
10Y*
21.79%
*Multi-year figures are annualized to reflect compound growth (CAGR)

ARGT vs. QQQ - Yearly Performance Comparison

2026 (YTD)202520242023202220212020201920182017
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%
QQQ
Invesco QQQ ETF		17.57%20.77%25.58%54.86%-32.58%27.42%48.62%38.96%-0.13%32.66%

Correlation

The correlation between ARGT and QQQ is 0.44, which is low. Their price movements are largely independent, making them effective diversification partners.

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

0.44

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

0.46

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

0.51

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

0.53

Correlation (All Time)
Calculated using the full available price history since Mar 3, 2011

0.53

The correlation between ARGT and QQQ has been stable across timeframes, ranging from 0.44 to 0.53 - a consistent structural relationship.

ARGT vs. QQQ - Sectors Allocation Comparison

Sectors
ARGT
QQQ

Consumer Cyclical

23.4%
11.4%

Energy

22.5%
0.5%

Financial Services

16.0%
0.2%

Basic Materials

13.1%
1.0%

Industrials

8.2%
2.6%

Consumer Defensive

6.7%
6.4%

Utilities

5.3%
1.2%

Communication Services

3.4%
14.3%

Real Estate

1.4%
0.1%

Healthcare

-

3.7%

Technology

-

58.7%

Consumer Cyclical

ARGT
23.4%
QQQ
11.4%

Energy

ARGT
22.5%
QQQ
0.5%

Financial Services

ARGT
16.0%
QQQ
0.2%

Basic Materials

ARGT
13.1%
QQQ
1.0%

Industrials

ARGT
8.2%
QQQ
2.6%

Consumer Defensive

ARGT
6.7%
QQQ
6.4%

Utilities

ARGT
5.3%
QQQ
1.2%

Communication Services

ARGT
3.4%
QQQ
14.3%

Real Estate

ARGT
1.4%
QQQ
0.1%

Healthcare

ARGT

-

QQQ
3.7%

Technology

ARGT

-

QQQ
58.7%

Compare stocks, funds, or ETFs

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Global X MSCI Argentina ETF

Invesco QQQ ETF

Often compared with ARGT:
ARGT vs. EWZARGT vs. SPYARGT vs. VOOARGT vs. EDENARGT vs. EPUARGT vs. HTUSARGT vs. VGT
Often compared with QQQ:
QQQ vs. SPYQQQ vs. VOOQQQ vs. VGTQQQ vs. TQQQQQQ vs. SMHQQQ vs. QQQMQQQ vs. QQQI

Return for Risk

ARGT vs. QQQ — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.
ARGT
ARGT Risk / Return Rank: 1717
Overall Rank
ARGT Sharpe Ratio Rank: 1515
Sharpe Ratio Rank
ARGT Sortino Ratio Rank: 1717
Sortino Ratio Rank
ARGT Omega Ratio Rank: 1717
Omega Ratio Rank
ARGT Calmar Ratio Rank: 1717
Calmar Ratio Rank
ARGT Martin Ratio Rank: 1616
Martin Ratio Rank
QQQ
QQQ Risk / Return Rank: 7171
Overall Rank
QQQ Sharpe Ratio Rank: 7575
Sharpe Ratio Rank
QQQ Sortino Ratio Rank: 7070
Sortino Ratio Rank
QQQ Omega Ratio Rank: 7373
Omega Ratio Rank
QQQ Calmar Ratio Rank: 6969
Calmar Ratio Rank
QQQ Martin Ratio Rank: 7070
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. QQQ - Risk-Adjusted Trends Comparison

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

ARGTQQQDifference
Sharpe ratioReturn per unit of total volatility
0.34
2.09

-1.75

Sortino ratioReturn per unit of downside risk
0.83
2.73

-1.90

Omega ratioGain probability vs. loss probability

1.10

1.37

-0.27

Calmar ratioReturn relative to maximum drawdown

0.57

3.01

-2.44

Martin ratioReturn relative to average drawdown

1.25

11.22

-9.97

ARGT vs. QQQ - Sharpe Ratio Comparison

The current ARGT Sharpe Ratio is 0.34, which is lower than the QQQ Sharpe Ratio of 2.09. The chart below compares the historical Sharpe Ratios of ARGT and QQQ, 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. QQQ - Drawdown Comparison

The maximum ARGT drawdown since its inception was -61.68%, smaller than the maximum QQQ drawdown of -82.97%. Use the drawdown chart below to compare losses from any high point for ARGT and QQQ.

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Drawdown Indicators

ARGTQQQDifference

Max Drawdown

Largest peak-to-trough decline

-61.68%

-82.97%

+21.29%

Max Drawdown (1Y)

Largest decline over 1 year

-22.25%

-11.96%

-10.29%

Max Drawdown (3Y)

Largest decline over 3 years

-28.46%

-22.77%

-5.69%

Max Drawdown (5Y)

Largest decline over 5 years

-35.14%

-35.12%

-0.02%

Max Drawdown (10Y)

Largest decline over 10 years

-61.68%

-35.12%

-26.56%

Current Drawdown

Current decline from peak

-4.89%

-3.33%

-1.56%

Average Drawdown

Average peak-to-trough decline

-22.02%

-32.75%

+10.73%

Ulcer Index

Depth and duration of drawdowns from previous peaks

10.34%

3.20%

+7.14%

Volatility

ARGT vs. QQQ - Volatility Comparison

Global X MSCI Argentina ETF (ARGT) has a higher volatility of 11.28% compared to Invesco QQQ ETF (QQQ) at 7.56%. This indicates that ARGT's price experiences larger fluctuations and is considered to be riskier than QQQ based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

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Volatility by Period

ARGTQQQDifference

Volatility (1M)

Calculated over the trailing 1-month period

11.28%

7.56%

+3.72%

Volatility (6M)

Calculated over the trailing 6-month period

21.26%

13.81%

+7.45%

Volatility (1Y)

Calculated over the trailing 1-year period

37.19%

17.19%

+20.00%

Volatility (5Y)

Calculated over the trailing 5-year period, annualized

32.06%

22.55%

+9.51%

Volatility (10Y)

Calculated over the trailing 10-year period, annualized

31.50%

22.38%

+9.12%

ARGT vs. QQQ - Expense Ratio Comparison

ARGT has a 0.60% expense ratio, which is higher than QQQ's 0.18% expense ratio.

Dividends

ARGT vs. QQQ - Dividend Comparison

ARGT's dividend yield for the trailing twelve months is around 0.79%, more than QQQ's 0.39% yield.

PositionTTM20252024202320222021202020192018201720162015
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%
QQQ
Invesco QQQ ETF		0.39%0.45%0.56%0.62%0.80%0.43%0.55%0.74%0.91%0.84%1.06%0.99%

Frequently Asked Questions

ARGT and QQQ have a correlation of 0.44, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

ARGT has higher volatility (11.28%) compared to QQQ (7.56%). In terms of maximum drawdown, ARGT dropped -61.68% vs QQQ's -82.97%.

On 10-year performance, QQQ leads with 21.79% vs 17.70% for ARGT. On fees, QQQ is cheaper at 0.18% per year. On volatility, QQQ has been the lower-risk option at 7.56%. The better choice depends on whether you care most about return, fees, risk, or income.

Over the 10-year period, QQQ has performed better with a 21.79% return vs 17.70%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

QQQ is cheaper with a 0.18% expense ratio, compared with 0.60% for ARGT.

ARGT has the higher dividend yield at 0.79%, compared with 0.39% for QQQ.

ARGT is categorized as Latin America Equities, while QQQ is Nasdaq-100. ARGT tracks MSCI All Argentina 25/50, while QQQ tracks NASDAQ-100 Index. They also come from different issuers: Global X and Invesco. Their fees differ too: 0.60% for ARGT and 0.18% for QQQ.

QQQ currently has the higher Sharpe Ratio (2.09 vs 0.34), 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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