ARGT vs. SPY
Compare and contrast key facts about Global X MSCI Argentina ETF (ARGT) and 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.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: ARGT or SPY.
Key characteristics
| ARGT | SPY | |
|---|---|---|
| YTD Return | 11.84% | 5.94% |
| 1Y Return | 49.29% | 22.56% |
| 3Y Return (Ann) | 26.63% | 7.95% |
| 5Y Return (Ann) | 18.77% | 13.35% |
| 10Y Return (Ann) | 12.23% | 12.34% |
| Sharpe Ratio | 1.71 | 1.93 |
| Daily Std Dev | 28.33% | 11.63% |
| Max Drawdown | -61.68% | -55.19% |
| Current Drawdown | 0.00% | -4.05% |
Correlation
The correlation between ARGT and SPY is 0.58, 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.
Performance
ARGT vs. SPY - Performance Comparison
In the year-to-date period, ARGT achieves a 11.84% return, which is significantly higher than SPY's 5.94% return. Both investments have delivered pretty close results over the past 10 years, with ARGT having a 12.23% annualized return and SPY not far ahead at 12.34%. The chart below displays the growth of a $10,000 investment in both assets, with all prices adjusted for splits and dividends.
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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.
Risk-Adjusted Performance
ARGT vs. SPY - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for Global X MSCI Argentina ETF (ARGT) and 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.
Dividends
ARGT vs. SPY - Dividend Comparison
ARGT's dividend yield for the trailing twelve months is around 1.43%, more than SPY's 1.34% yield.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
ARGT Global X MSCI Argentina ETF | 1.43% | 1.59% | 2.45% | 0.93% | 0.28% | 1.21% | 1.34% | 0.49% | 0.36% | 0.89% | 0.47% | 0.62% |
SPY SPDR S&P 500 ETF | 1.34% | 1.40% | 1.65% | 1.20% | 1.52% | 1.75% | 2.04% | 1.80% | 2.03% | 2.06% | 1.87% | 1.81% |
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. For additional features, visit the drawdowns tool.
Volatility
ARGT vs. SPY - Volatility Comparison
Global X MSCI Argentina ETF (ARGT) has a higher volatility of 9.31% compared to SPDR S&P 500 ETF (SPY) at 3.91%. 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.