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ARGT vs. TUR
Performance
Return for Risk
Drawdowns
Volatility
Dividends

ARGT vs. TUR

Last updated Aug 4, 2026
Documentation

ARGT (Global X MSCI Argentina ETF) and TUR (iShares MSCI Turkey ETF) are both exchange-traded funds - ARGT is a Latin America Equities fund tracking the MSCI All Argentina 25/50 Index, while TUR is a Emerging Markets Equities fund tracking the MSCI Turkey Investable Market Index. Both are passively managed. Over the past 10 years, ARGT returned 16.68%/yr vs 2.87%/yr for TUR. Their 0.34 correlation means their historical movements had little consistent relationship. Both charge a 0.59% expense ratio.

Performance

ARGT vs. TUR - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Global X MSCI Argentina ETF (ARGT) and iShares MSCI Turkey ETF (TUR). 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 4.48% return, which is significantly lower than TUR's 11.52% return. Over the past 10 years, ARGT has outperformed TUR with an annualized return of 16.68%, while TUR has yielded a comparatively lower 2.87% annualized return.

ARGT

1D
0.01%
1M
4.06%
6M
-1.88%
YTD
4.48%
1Y
17.73%
3Y*
29.33%
5Y*
26.94%
10Y*
16.68%
ALL TIME*
8.93%

TUR

1D
-0.37%
1M
-3.61%
6M
-6.69%
YTD
11.52%
1Y
14.33%
3Y*
5.35%
5Y*
14.21%
10Y*
2.87%
ALL TIME*
1.05%
*Multi-year figures are annualized to reflect compound growth (CAGR)

Liquidity Comparison

PositionAvg. Volume Value (2W)Avg. Volume Value (1M)Avg. Volume Value (3M)

ARGT

Global X MSCI Argentina ETF
$12.07M$11.47M$18.71M

TUR

iShares MSCI Turkey ETF
$4.39M$3.77M$9.11M

ARGT vs. TUR - Yearly Performance Comparison

2026 (YTD)202520242023202220212020201920182017
ARGT
Global X MSCI Argentina ETF		4.48%11.51%63.46%53.64%11.80%3.83%14.58%14.50%-32.62%53.87%
TUR
iShares MSCI Turkey ETF		11.52%-1.54%12.91%-8.83%105.75%-27.41%-1.19%14.49%-41.46%37.58%

Correlation

The correlation between ARGT and TUR is 0.26, which is low. Their historical price movements had little consistent relationship.

Correlation
Correlation (1Y)
Focuses on recent behavior, but can change the most.

0.26

Correlation (3Y)
Balances recent behavior with more history.

0.19

Correlation (5Y)
Shows whether the relationship held over a longer period.

0.25

Correlation (10Y)
Provides a long-term view across more market conditions.

0.29

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

0.34

The correlation between ARGT and TUR shifts across timeframes, from 0.19 (3 years) to 0.34 (all time), reflecting how their relationship changes across market environments.

ARGT vs. TUR - Sectors Allocation Comparison

Sectors
ARGT
TUR

Consumer Cyclical

29.3%
4.0%

Energy

19.3%
7.4%

Financial Services

17.1%
14.7%

Utilities

9.7%
1.9%

Basic Materials

9.5%
12.0%

Industrials

3.9%
24.2%

Communication Services

3.2%
3.1%

Consumer Defensive

3.1%
13.0%

Real Estate

1.6%
1.1%

Healthcare

-

2.2%

Technology

-

1.5%

Consumer Cyclical

ARGT
29.3%
TUR
4.0%

Energy

ARGT
19.3%
TUR
7.4%

Financial Services

ARGT
17.1%
TUR
14.7%

Utilities

ARGT
9.7%
TUR
1.9%

Basic Materials

ARGT
9.5%
TUR
12.0%

Industrials

ARGT
3.9%
TUR
24.2%

Communication Services

ARGT
3.2%
TUR
3.1%

Consumer Defensive

ARGT
3.1%
TUR
13.0%

Real Estate

ARGT
1.6%
TUR
1.1%

Healthcare

ARGT

-

TUR
2.2%

Technology

ARGT

-

TUR
1.5%

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 Turkey ETF

Often compared with ARGT:
ARGT vs. EWZARGT vs. SPYARGT vs. VOOARGT vs. EDENARGT vs. EPUARGT vs. HTUSARGT vs. VGT
Often compared with TUR:
TUR vs. VOOTUR vs. HEDJTUR vs. AMRTUR vs. EPOLTUR vs. SPYTUR vs. SFMTUR vs. VGK

Return for Risk

ARGT vs. TUR — Risk / Return Rank

Compare historical risk-adjusted metric ranks over the past 12 months.
ARGT
ARGT Risk / Return Rank: 2525
Overall Rank
ARGT Sharpe Ratio Rank: 2222
Sharpe Ratio Rank
ARGT Sortino Ratio Rank: 2828
Sortino Ratio Rank
ARGT Omega Ratio Rank: 2727
Omega Ratio Rank
ARGT Calmar Ratio Rank: 2626
Calmar Ratio Rank
ARGT Martin Ratio Rank: 2323
Martin Ratio Rank
TUR
TUR Risk / Return Rank: 2626
Overall Rank
TUR Sharpe Ratio Rank: 2525
Sharpe Ratio Rank
TUR Sortino Ratio Rank: 2626
Sortino Ratio Rank
TUR Omega Ratio Rank: 2727
Omega Ratio Rank
TUR Calmar Ratio Rank: 2828
Calmar Ratio Rank
TUR Martin Ratio Rank: 2626
Martin Ratio Rank
The rank (0–100) uses a weighted average of the Sharpe, Sortino, Omega, Calmar, and Martin percentile ranks for the trailing 12 months. Higher means stronger historical risk-adjusted performance within the peer group.

ARGT vs. TUR - Risk-Adjusted Trends Comparison

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

ARGTTURDifference
Sharpe ratioReturn per unit of total volatility
0.48
0.59

-0.11

Sortino ratioReturn per unit of downside risk
1.03
0.98

+0.05

Omega ratioGain probability vs. loss probability

1.12

1.13

0.00

Calmar ratioReturn relative to maximum drawdown

0.81

0.90

-0.09

Martin ratioReturn relative to average drawdown

1.71

2.17

-0.46

ARGT vs. TUR - Sharpe Ratio Comparison

The current ARGT Sharpe Ratio is 0.48, which is comparable to the TUR Sharpe Ratio of 0.59. The chart below compares the historical Sharpe Ratios of ARGT and TUR, 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. TUR - Drawdown Comparison

The maximum ARGT drawdown since its inception was -61.68%, smaller than the maximum TUR drawdown of -72.34%. Use the drawdown chart below to compare losses from any high point for ARGT and TUR.

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Drawdown Indicators

ARGTTURDifference

Max Drawdown

Largest peak-to-trough decline

-61.68%

-72.34%

+10.66%

Max Drawdown (1Y)

Largest decline over 1 year

-22.02%

-16.07%

-5.95%

Max Drawdown (3Y)

Largest decline over 3 years

-28.46%

-31.63%

+3.17%

Max Drawdown (5Y)

Largest decline over 5 years

-35.14%

-31.63%

-3.51%

Max Drawdown (10Y)

Largest decline over 10 years

-61.68%

-59.25%

-2.43%

Current Drawdown

Current decline from peak

-7.22%

-29.81%

+22.59%

Average Drawdown

Average peak-to-trough decline

-21.91%

-39.79%

+17.88%

Ulcer Index

Depth and duration of drawdowns from previous peaks

10.37%

6.61%

+3.76%

Volatility

ARGT vs. TUR - Volatility Comparison

Global X MSCI Argentina ETF (ARGT) has a higher volatility of 7.57% compared to iShares MSCI Turkey ETF (TUR) at 4.69%. This indicates that ARGT's price experiences larger fluctuations and is considered to be riskier than TUR based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

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Volatility by Period

ARGTTURDifference

Volatility (1M)

Calculated over the trailing 1-month period

7.57%

4.69%

+2.88%

Volatility (6M)

Calculated over the trailing 6-month period

20.83%

20.09%

+0.74%

Volatility (1Y)

Calculated over the trailing 1-year period

37.36%

24.59%

+12.77%

Volatility (5Y)

Calculated over the trailing 5-year period, annualized

32.17%

34.15%

-1.98%

Volatility (10Y)

Calculated over the trailing 10-year period, annualized

31.52%

34.11%

-2.59%

ARGT vs. TUR - Expense Ratio Comparison

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

Dividends

ARGT vs. TUR - Dividend Comparison

ARGT's dividend yield for the trailing twelve months is around 1.08%, less than TUR's 2.21% yield.

PositionTTM20252024202320222021202020192018201720162015
ARGT
Global X MSCI Argentina ETF		1.08%0.84%1.41%1.59%2.45%0.93%0.28%1.21%1.34%0.49%0.36%0.89%
TUR
iShares MSCI Turkey ETF		2.21%2.40%1.79%4.43%1.97%4.22%0.87%3.29%4.05%2.64%2.89%3.04%

Frequently Asked Questions

ARGT and TUR have a correlation of 0.26, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

ARGT has higher volatility (7.57%) compared to TUR (4.69%). In terms of maximum drawdown, ARGT dropped -61.68% vs TUR's -72.34%.

On 10-year performance, ARGT leads with 16.68% vs 2.87% for TUR. Both ETFs have the same 0.59% expense ratio. On volatility, TUR has been the lower-risk option at 4.69%. 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 16.68% return vs 2.87%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

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

TUR has the higher dividend yield at 2.21%, compared with 1.08% for ARGT.

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

TUR currently has the higher Sharpe Ratio (0.59 vs 0.48), 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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