CODI vs. ARGT
CODI (Compass Diversified) is a stock, while ARGT (Global X MSCI Argentina ETF) is Latin America Equities fund tracking the MSCI All Argentina 25/50 Index. Over the past 10 years, CODI returned 0.82%/yr vs 16.98%/yr for ARGT. Their 0.30 correlation means their historical movements had little consistent relationship.
Performance
CODI vs. ARGT - Performance Comparison
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Returns By Period
In the year-to-date period, CODI achieves a 110.00% return, which is significantly higher than ARGT's 4.47% return. Over the past 10 years, CODI has underperformed ARGT with an annualized return of 0.82%, while ARGT has yielded a comparatively higher 16.98% annualized return.
CODI
- 1D
- 0.30%
- 1M
- -5.00%
- 6M
- 53.42%
- YTD
- 110.00%
- 1Y
- 57.99%
- 3Y*
- -21.15%
- 5Y*
- -13.08%
- 10Y*
- 0.82%
- ALL TIME*
- 5.80%
ARGT
- 1D
- -1.04%
- 1M
- 4.05%
- 6M
- -2.76%
- YTD
- 4.47%
- 1Y
- 17.72%
- 3Y*
- 28.80%
- 5Y*
- 26.91%
- 10Y*
- 16.98%
- ALL TIME*
- 8.93%
Liquidity Comparison
| Position | Avg. Volume Value (2W) | Avg. Volume Value (1M) | Avg. Volume Value (3M) |
|---|---|---|---|
| $11.79M | $13.38M | $19.12M | |
| $4.59M | $6.43M | $9.33M |
CODI vs. ARGT - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
CODI Compass Diversified | 110.00% | -78.64% | 7.53% | 29.38% | -37.72% | 71.52% | -15.53% | 116.86% | -20.11% | 2.77% |
ARGT Global X MSCI Argentina ETF | 4.47% | 11.51% | 63.46% | 53.64% | 11.80% | 3.83% | 14.58% | 14.50% | -32.62% | 53.87% |
Correlation
The correlation between CODI and ARGT is 0.18, which is low. Their historical price movements had little consistent relationship.
| Correlation | |
|---|---|
Correlation (1Y) Focuses on recent behavior, but can change the most. | 0.18 |
Correlation (3Y) Balances recent behavior with more history. | 0.26 |
Correlation (5Y) Shows whether the relationship held over a longer period. | 0.31 |
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 | 0.30 |
The correlation between CODI and ARGT shifts across timeframes, from 0.18 (1 year) to 0.31 (5 years), reflecting how their relationship changes across market environments.
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Return for Risk
CODI vs. ARGT — Risk / Return Rank
CODI
ARGT
CODI vs. ARGT - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Compass Diversified (CODI) and Global X MSCI Argentina ETF (ARGT). 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.
| CODI | ARGT | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.39 | ||
| Sortino ratioReturn per unit of downside risk | +0.56 | ||
| Omega ratioGain probability vs. loss probability | 1.19 | 1.12 | +0.08 |
| Calmar ratioReturn relative to maximum drawdown | 1.26 | 0.75 | +0.52 |
| Martin ratioReturn relative to average drawdown | 2.70 | 1.58 | +1.12 |
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Drawdowns
CODI vs. ARGT - Drawdown Comparison
The maximum CODI drawdown since its inception was -83.30%, which is greater than ARGT's maximum drawdown of -61.68%. Use the drawdown chart below to compare losses from any high point for CODI and ARGT.
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Drawdown Indicators
| CODI | ARGT | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -83.30% | -61.68% | -21.62% |
Max Drawdown (1Y)Largest decline over 1 year | -45.93% | -22.02% | -23.91% |
Max Drawdown (3Y)Largest decline over 3 years | -80.32% | -28.46% | -51.86% |
Max Drawdown (5Y)Largest decline over 5 years | -83.30% | -35.14% | -48.16% |
Max Drawdown (10Y)Largest decline over 10 years | -83.30% | -61.68% | -21.62% |
Current DrawdownCurrent decline from peak | -63.80% | -7.23% | -56.57% |
Average DrawdownAverage peak-to-trough decline | -17.58% | -21.91% | +4.33% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 21.44% | 10.36% | +11.08% |
Volatility
CODI vs. ARGT - Volatility Comparison
Compass Diversified (CODI) has a higher volatility of 13.96% compared to Global X MSCI Argentina ETF (ARGT) at 7.57%. This indicates that CODI's price experiences larger fluctuations and is considered to be riskier than ARGT based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| CODI | ARGT | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 13.96% | 7.57% | +6.39% |
Volatility (6M)Calculated over the trailing 6-month period | 42.61% | 21.08% | +21.53% |
Volatility (1Y)Calculated over the trailing 1-year period | 69.87% | 37.33% | +32.54% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 52.25% | 32.16% | +20.09% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 42.64% | 31.51% | +11.13% |
Dividends
CODI vs. ARGT - Dividend Comparison
CODI has not paid dividends to shareholders, while ARGT's dividend yield for the trailing twelve months is around 1.08%.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
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% |
CODI Compass Diversified | 0.00% | 10.42% | 4.33% | 4.45% | 5.49% | 7.59% | 7.40% | 5.79% | 11.57% | 8.50% | 8.04% | 9.06% |
Frequently Asked Questions
CODI and ARGT have a correlation of 0.18, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
CODI has higher volatility (13.96%) compared to ARGT (7.57%). In terms of maximum drawdown, CODI dropped -83.30% vs ARGT's -61.68%.
CODI currently has the higher Sharpe Ratio (0.83 vs 0.44), 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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