ARGT vs. SPY
Compare and contrast key facts about Global X MSCI Argentina ETF (ARGT) and State Street SPDR S&P 500 ETF (SPY).
ARGT and SPY 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. SPY is a passively managed fund by State Street that tracks the performance of the S&P 500 Index. It was launched on Jan 22, 1993. Both ARGT and SPY 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. SPY - Performance Comparison
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ARGT vs. SPY - 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% |
SPY State Street SPDR S&P 500 ETF | -4.37% | 17.72% | 24.89% | 26.18% | -18.18% | 28.73% | 18.33% | 31.22% | -4.57% | 21.71% |
Returns By Period
In the year-to-date period, ARGT achieves a 2.09% return, which is significantly higher than SPY's -4.37% return. Over the past 10 years, ARGT has outperformed SPY with an annualized return of 18.46%, while SPY has yielded a comparatively lower 13.98% 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%
SPY
- 1D
- 2.91%
- 1M
- -4.94%
- YTD
- -4.37%
- 6M
- -1.82%
- 1Y
- 17.59%
- 3Y*
- 18.19%
- 5Y*
- 11.69%
- 10Y*
- 13.98%
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ARGT vs. SPY - Expense Ratio Comparison
ARGT has a 0.60% expense ratio, which is higher than SPY's 0.09% expense ratio.
Return for Risk
ARGT vs. SPY — Risk / Return Rank
ARGT
SPY
ARGT vs. SPY - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Global X MSCI Argentina ETF (ARGT) and State Street SPDR S&P 500 ETF (SPY). 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 | SPY | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | 0.42 | 0.93 | -0.50 |
Sortino ratioReturn per unit of downside risk | 0.97 | 1.45 | -0.49 |
Omega ratioGain probability vs. loss probability | 1.12 | 1.22 | -0.11 |
Calmar ratioReturn relative to maximum drawdown | 0.46 | 1.53 | -1.06 |
Martin ratioReturn relative to average drawdown | 1.06 | 7.30 | -6.24 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
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Sharpe Ratios by Period
| ARGT | SPY | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 0.42 | 0.93 | -0.50 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.89 | 0.69 | +0.20 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.59 | 0.78 | -0.19 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.30 | 0.56 | -0.26 |
Correlation
The correlation between ARGT and SPY is 0.56, 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. SPY - Dividend Comparison
ARGT's dividend yield for the trailing twelve months is around 0.83%, less than SPY's 1.14% 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% |
SPY State Street SPDR S&P 500 ETF | 1.14% | 1.07% | 1.21% | 1.40% | 1.65% | 1.20% | 1.52% | 1.75% | 2.04% | 1.80% | 2.03% | 2.06% |
Drawdowns
ARGT vs. SPY - Drawdown Comparison
The maximum ARGT drawdown since its inception was -61.68%, which is greater than SPY's maximum drawdown of -55.19%. Use the drawdown chart below to compare losses from any high point for ARGT and SPY.
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Drawdown Indicators
| ARGT | SPY | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -61.68% | -55.19% | -6.49% |
Max Drawdown (1Y)Largest decline over 1 year | -28.46% | -12.05% | -16.41% |
Max Drawdown (5Y)Largest decline over 5 years | -35.14% | -24.50% | -10.64% |
Max Drawdown (10Y)Largest decline over 10 years | -61.68% | -33.72% | -27.96% |
Current DrawdownCurrent decline from peak | -9.35% | -6.24% | -3.11% |
Average DrawdownAverage peak-to-trough decline | -22.19% | -9.09% | -13.10% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 12.33% | 2.52% | +9.81% |
Volatility
ARGT vs. SPY - Volatility Comparison
Global X MSCI Argentina ETF (ARGT) has a higher volatility of 9.70% compared to State Street SPDR S&P 500 ETF (SPY) at 5.31%. This indicates that ARGT's price experiences larger fluctuations and is considered to be riskier than SPY based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| ARGT | SPY | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 9.70% | 5.31% | +4.39% |
Volatility (6M)Calculated over the trailing 6-month period | 28.27% | 9.47% | +18.80% |
Volatility (1Y)Calculated over the trailing 1-year period | 39.23% | 19.05% | +20.18% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 31.77% | 17.06% | +14.71% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 31.37% | 17.92% | +13.45% |