EWZ vs. ARGT
Compare and contrast key facts about iShares MSCI Brazil ETF (EWZ) and Global X MSCI Argentina ETF (ARGT).
EWZ and ARGT are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. EWZ is a passively managed fund by iShares that tracks the performance of the MSCI Brazil 25/50 Index. It was launched on Jul 10, 2000. 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. Both EWZ and ARGT 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: EWZ or ARGT.
Performance
EWZ vs. ARGT - Performance Comparison
Returns By Period
In the year-to-date period, EWZ achieves a -19.75% return, which is significantly lower than ARGT's 59.34% return. Over the past 10 years, EWZ has underperformed ARGT with an annualized return of -0.25%, while ARGT has yielded a comparatively higher 15.61% annualized return.
EWZ
-19.75%
-3.59%
-9.11%
-14.02%
-2.61%
-0.25%
ARGT
59.34%
13.43%
34.24%
76.59%
30.80%
15.61%
Key characteristics
| EWZ | ARGT | |
|---|---|---|
| Sharpe Ratio | -0.74 | 2.87 |
| Sortino Ratio | -0.96 | 3.63 |
| Omega Ratio | 0.89 | 1.43 |
| Calmar Ratio | -0.32 | 4.86 |
| Martin Ratio | -1.17 | 12.55 |
| Ulcer Index | 12.78% | 6.04% |
| Daily Std Dev | 20.17% | 26.45% |
| Max Drawdown | -77.27% | -61.68% |
| Current Drawdown | -46.07% | 0.00% |
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EWZ vs. ARGT - Expense Ratio Comparison
EWZ has a 0.59% expense ratio, which is lower than ARGT's 0.60% expense ratio.
Correlation
The correlation between EWZ and ARGT is 0.55, 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.
Risk-Adjusted Performance
EWZ vs. ARGT - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for iShares MSCI Brazil ETF (EWZ) 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.
Dividends
EWZ vs. ARGT - Dividend Comparison
EWZ's dividend yield for the trailing twelve months is around 7.86%, more than ARGT's 0.91% yield.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
EWZ iShares MSCI Brazil ETF | 7.86% | 5.66% | 12.59% | 9.87% | 1.71% | 2.54% | 2.89% | 1.71% | 1.81% | 4.08% | 3.78% | 3.23% |
ARGT Global X MSCI Argentina ETF | 0.91% | 1.59% | 2.45% | 0.93% | 0.28% | 1.21% | 1.34% | 0.49% | 0.36% | 0.89% | 0.47% | 0.62% |
Drawdowns
EWZ vs. ARGT - Drawdown Comparison
The maximum EWZ drawdown since its inception was -77.27%, which is greater than ARGT's maximum drawdown of -61.68%. Use the drawdown chart below to compare losses from any high point for EWZ and ARGT. For additional features, visit the drawdowns tool.
Volatility
EWZ vs. ARGT - Volatility Comparison
The current volatility for iShares MSCI Brazil ETF (EWZ) is 5.61%, while Global X MSCI Argentina ETF (ARGT) has a volatility of 6.99%. This indicates that EWZ experiences smaller price fluctuations and is considered to be less risky than ARGT based on this measure. The chart below showcases a comparison of their rolling one-month volatility.