EIS vs. ARGT

Last updated Jun 25, 2026

EIS (iShares MSCI Israel ETF) and ARGT (Global X MSCI Argentina ETF) are both exchange-traded funds - EIS is a Foreign Large Cap Equities fund tracking the MSCI Israel Capped Investable Market Index (Net), while ARGT is a Latin America Equities fund tracking the MSCI All Argentina 25/50 Index. Both are passively managed. Over the past 10 years, EIS returned 11.69%/yr vs 16.91%/yr for ARGT. At a 0.48 correlation, their price movements are largely independent. Both charge a 0.59% expense ratio.

Performance

EIS vs. ARGT - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in iShares MSCI Israel ETF (EIS) and Global X MSCI Argentina ETF (ARGT). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, EIS achieves a 10.08% return, which is significantly higher than ARGT's -0.74% return. Over the past 10 years, EIS has underperformed ARGT with an annualized return of 11.69%, while ARGT has yielded a comparatively higher 16.91% annualized return.

EIS

• 1D: 0.75%
• 1M: -9.50%
• YTD: 10.08%
• 6M: 7.69%
• 1Y: 33.35%
• 3Y*: 32.02%
• 5Y*: 13.08%
• 10Y*: 11.69%

ARGT

• 1D: -1.97%
• 1M: 0.37%
• YTD: -0.74%
• 6M: -0.82%
• 1Y: 6.16%
• 3Y*: 27.27%
• 5Y*: 25.43%
• 10Y*: 16.91%

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

EIS vs. ARGT - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
EIS iShares MSCI Israel ETF	10.08%	45.11%	34.50%	5.48%	-27.05%	22.83%	12.01%	20.93%	-4.84%	12.77%
ARGT Global X MSCI Argentina ETF	-0.74%	11.51%	63.46%	53.64%	11.80%	3.83%	14.58%	14.50%	-32.62%	53.87%

Correlation

The correlation between EIS and ARGT is 0.31, which is low. Their price movements are largely independent, making them effective diversification partners.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.31
Correlation (3Y) Calculated over the trailing 3-year period	0.41
Correlation (5Y) Calculated over the trailing 5-year period	0.49
Correlation (10Y) Calculated over the trailing 10-year period	0.51
Correlation (All Time) Calculated using the full available price history since Mar 3, 2011	0.48

The correlation between EIS and ARGT shifts across timeframes, from 0.31 (1 year) to 0.51 (10 years), reflecting how their relationship changes across market environments.

EIS vs. ARGT - Sectors Allocation Comparison

Sectors	EIS	ARGT
Financial Services	32.3%	16.0%
Technology	19.5%	-
Industrials	11.2%	8.2%
Healthcare	9.6%	-
Real Estate	8.9%	1.4%
Utilities	6.3%	5.3%
Consumer Cyclical	2.7%	23.4%
Communication Services	2.5%	3.4%
Energy	2.3%	22.5%
Consumer Defensive	1.8%	6.7%
Basic Materials	1.7%	13.1%

Return for Risk

EIS vs. ARGT — Risk / Return Rank

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

EIS

EIS Risk / Return Rank: 50
EIS Sharpe Ratio Rank: 46
EIS Sortino Ratio Rank: 46
EIS Omega Ratio Rank: 43
EIS Calmar Ratio Rank: 60
EIS Martin Ratio Rank: 53

ARGT

ARGT Risk / Return Rank: 12
ARGT Sharpe Ratio Rank: 11
ARGT Sortino Ratio Rank: 13
ARGT Omega Ratio Rank: 13
ARGT Calmar Ratio Rank: 12
ARGT Martin Ratio Rank: 12

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.

EIS vs. ARGT - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for iShares MSCI Israel ETF (EIS) 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.

	EIS	ARGT	Difference
Sharpe ratio: Return per unit of total volatility	1.45	0.17	+1.28
Sortino ratio: Return per unit of downside risk	2.09	0.56	+1.53
Omega ratio: Gain probability vs. loss probability	1.26	1.07	+0.19
Calmar ratio: Return relative to maximum drawdown	2.64	0.28	+2.36
Martin ratio: Return relative to average drawdown	8.28	0.62	+7.67

EIS vs. ARGT - Sharpe Ratio Comparison

The current EIS Sharpe Ratio is 1.45, which is higher than the ARGT Sharpe Ratio of 0.17. The chart below compares the historical Sharpe Ratios of EIS and ARGT, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Drawdowns

EIS vs. ARGT - Drawdown Comparison

The maximum EIS drawdown since its inception was -51.94%, smaller than the maximum ARGT drawdown of -61.68%. Use the drawdown chart below to compare losses from any high point for EIS and ARGT.

Drawdown Indicators

	EIS	ARGT	Difference
Max Drawdown Largest peak-to-trough decline	-51.94%	-61.68%	+9.74%
Max Drawdown (1Y) Largest decline over 1 year	-12.69%	-22.02%	+9.33%
Max Drawdown (3Y) Largest decline over 3 years	-24.10%	-28.46%	+4.36%
Max Drawdown (5Y) Largest decline over 5 years	-41.88%	-35.14%	-6.74%
Max Drawdown (10Y) Largest decline over 10 years	-41.88%	-61.68%	+19.80%
Current Drawdown Current decline from peak	-12.03%	-11.86%	-0.17%
Average Drawdown Average peak-to-trough decline	-13.89%	-22.00%	+8.11%
Ulcer Index Depth and duration of drawdowns from previous peaks	4.04%	10.04%	-6.00%

Volatility

EIS vs. ARGT - Volatility Comparison

iShares MSCI Israel ETF (EIS) and Global X MSCI Argentina ETF (ARGT) have volatilities of 10.14% and 10.41%, respectively, indicating that both stocks experience similar levels of price fluctuations. This suggests that the risk associated with both stocks, as measured by volatility, is nearly the same. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	EIS	ARGT	Difference
Volatility (1M) Calculated over the trailing 1-month period	10.14%	10.41%	-0.27%
Volatility (6M) Calculated over the trailing 6-month period	18.14%	21.26%	-3.12%
Volatility (1Y) Calculated over the trailing 1-year period	23.27%	37.31%	-14.04%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	22.18%	32.12%	-9.94%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	21.23%	31.49%	-10.26%

EIS vs. ARGT - Expense Ratio Comparison

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

Dividends

EIS vs. ARGT - Dividend Comparison

EIS's dividend yield for the trailing twelve months is around 1.55%, more than ARGT's 0.85% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
ARGT Global X MSCI Argentina ETF	0.85%	0.84%	1.41%	1.59%	2.45%	0.93%	0.28%	1.21%	1.34%	0.49%	0.36%	0.89%
EIS iShares MSCI Israel ETF	1.55%	1.44%	1.38%	1.39%	1.66%	1.04%	0.16%	2.06%	0.87%	2.02%	1.78%	2.55%

Frequently Asked Questions

Can I hold both EIS and ARGT in my portfolio?

EIS and ARGT have a correlation of 0.31, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, EIS or ARGT?

ARGT has higher volatility (10.41%) compared to EIS (10.14%). In terms of maximum drawdown, EIS dropped -51.94% vs ARGT's -61.68%.

Which ETF is better, EIS or ARGT?

On 10-year performance, ARGT leads with 16.91% vs 11.69% for EIS. Both ETFs have the same 0.59% expense ratio. On volatility, EIS has been the lower-risk option at 10.14%. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF has performed better, EIS or ARGT?

Over the 10-year period, ARGT has performed better with a 16.91% return vs 11.69%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, EIS or ARGT?

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

Which ETF pays a higher dividend yield, EIS or ARGT?

EIS has the higher dividend yield at 1.55%, compared with 0.85% for ARGT.

What is the main difference between EIS and ARGT?

EIS is categorized as Foreign Large Cap Equities, while ARGT is Latin America Equities. EIS tracks MSCI Israel Capped Investable Market Index (Net), while ARGT tracks MSCI All Argentina 25/50 Index. They also come from different issuers: iShares and Global X.

Which has better risk-adjusted returns?

EIS currently has the higher Sharpe Ratio (1.45 vs 0.17), 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.