ARGT vs. WIP

Last updated Apr 1, 2026

Compare and contrast key facts about Global X MSCI Argentina ETF (ARGT) and SPDR FTSE International Government Inflation-Protected Bond ETF (WIP).

ARGT and WIP 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. WIP is a passively managed fund by State Street that tracks the performance of the FTSE International Inflation-Linked Securities Select (USD). It was launched on Mar 13, 2008. Both ARGT and WIP 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. WIP - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Global X MSCI Argentina ETF (ARGT) and SPDR FTSE International Government Inflation-Protected Bond ETF (WIP). The values are adjusted to include any dividend payments, if applicable.

ARGT vs. WIP - 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%
WIP SPDR FTSE International Government Inflation-Protected Bond ETF	1.01%	15.18%	-8.71%	8.84%	-15.54%	-4.15%	8.37%	8.62%	-5.97%	12.73%

Returns By Period

In the year-to-date period, ARGT achieves a 2.09% return, which is significantly higher than WIP's 1.01% return. Over the past 10 years, ARGT has outperformed WIP with an annualized return of 18.46%, while WIP has yielded a comparatively lower 1.28% 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%

WIP

• 1D: 1.59%
• 1M: -3.65%
• YTD: 1.01%
• 6M: 3.15%
• 1Y: 11.57%
• 3Y*: 2.96%
• 5Y*: -0.36%
• 10Y*: 1.28%

*Multi-year figures are annualized to reflect compound growth (CAGR)

ARGT vs. WIP - Expense Ratio Comparison

ARGT has a 0.60% expense ratio, which is higher than WIP's 0.50% expense ratio.

ARGT

Global X MSCI Argentina ETF

WIP

SPDR FTSE International Government Inflation-Protected Bond ETF

Return for Risk

ARGT vs. WIP — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.

ARGT

ARGT Risk / Return Rank: 27
ARGT Sharpe Ratio Rank: 26
ARGT Sortino Ratio Rank: 35
ARGT Omega Ratio Rank: 31
ARGT Calmar Ratio Rank: 24
ARGT Martin Ratio Rank: 20

WIP

WIP Risk / Return Rank: 70
WIP Sharpe Ratio Rank: 71
WIP Sortino Ratio Rank: 68
WIP Omega Ratio Rank: 61
WIP Calmar Ratio Rank: 81
WIP Martin Ratio Rank: 68

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. WIP - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Global X MSCI Argentina ETF (ARGT) and SPDR FTSE International Government Inflation-Protected Bond ETF (WIP). 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	WIP	Difference
Sharpe ratio Return per unit of total volatility	0.42	1.22	-0.80
Sortino ratio Return per unit of downside risk	0.97	1.68	-0.71
Omega ratio Gain probability vs. loss probability	1.12	1.22	-0.10
Calmar ratio Return relative to maximum drawdown	0.46	2.25	-1.79
Martin ratio Return relative to average drawdown	1.06	6.69	-5.62
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

ARGT vs. WIP - Sharpe Ratio Comparison

The current ARGT Sharpe Ratio is 0.42, which is lower than the WIP Sharpe Ratio of 1.22. The chart below compares the historical Sharpe Ratios of ARGT and WIP, offering insights into how both investments have performed under varying market conditions. These values are calculated using daily returns over the previous 12 months.

Sharpe Ratios by Period

	ARGT	WIP	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	0.42	1.22	-0.80
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	0.89	-0.03	+0.92
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	0.59	0.13	+0.46
Sharpe Ratio (All Time) Calculated using the full available price history	0.30	0.11	+0.19

Correlation

The correlation between ARGT and WIP is 0.31, which is considered to be low. This implies their price changes are not closely related. A low correlation is generally favorable for portfolio diversification, as it helps to reduce overall risk by spreading it across multiple assets with different performance patterns.

Dividends

ARGT vs. WIP - Dividend Comparison

ARGT's dividend yield for the trailing twelve months is around 0.83%, less than WIP's 5.41% 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%
WIP SPDR FTSE International Government Inflation-Protected Bond ETF	5.41%	5.51%	6.06%	6.54%	11.15%	4.63%	1.59%	2.49%	4.05%	1.91%	1.27%	1.14%

Drawdowns

ARGT vs. WIP - Drawdown Comparison

The maximum ARGT drawdown since its inception was -61.68%, which is greater than WIP's maximum drawdown of -29.60%. Use the drawdown chart below to compare losses from any high point for ARGT and WIP.

Drawdown Indicators

	ARGT	WIP	Difference
Max Drawdown Largest peak-to-trough decline	-61.68%	-29.60%	-32.08%
Max Drawdown (1Y) Largest decline over 1 year	-28.46%	-5.16%	-23.30%
Max Drawdown (5Y) Largest decline over 5 years	-35.14%	-28.84%	-6.30%
Max Drawdown (10Y) Largest decline over 10 years	-61.68%	-28.84%	-32.84%
Current Drawdown Current decline from peak	-9.35%	-6.90%	-2.45%
Average Drawdown Average peak-to-trough decline	-22.19%	-8.63%	-13.56%
Ulcer Index Depth and duration of drawdowns from previous peaks	12.33%	1.74%	+10.59%

Volatility

ARGT vs. WIP - Volatility Comparison

Global X MSCI Argentina ETF (ARGT) has a higher volatility of 9.70% compared to SPDR FTSE International Government Inflation-Protected Bond ETF (WIP) at 4.29%. This indicates that ARGT's price experiences larger fluctuations and is considered to be riskier than WIP based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	ARGT	WIP	Difference
Volatility (1M) Calculated over the trailing 1-month period	9.70%	4.29%	+5.41%
Volatility (6M) Calculated over the trailing 6-month period	28.27%	6.01%	+22.26%
Volatility (1Y) Calculated over the trailing 1-year period	39.23%	9.49%	+29.74%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	31.77%	11.39%	+20.38%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	31.37%	10.12%	+21.25%