OTGL vs. ARGT

Last updated Jun 4, 2026

OTGL (OTG Latin America ETF) and ARGT (Global X MSCI Argentina ETF) are both Latin America Equities funds - OTGL tracks the Actively Managed while ARGT tracks the MSCI All Argentina 25/50. Both are passively managed. A 0.62 correlation means they provide meaningful diversification when combined. OTGL charges 0.95%/yr vs 0.60%/yr for ARGT.

Performance

OTGL vs. ARGT - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in OTG Latin America ETF (OTGL) 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, OTGL achieves a 5.63% return, which is significantly higher than ARGT's 3.65% return.

OTGL

• 1D: -1.90%
• 1M: -1.12%
• YTD: 5.63%
• 6M: 5.67%
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —

ARGT

• 1D: -3.12%
• 1M: 5.42%
• YTD: 3.65%
• 6M: 0.81%
• 1Y: 5.86%
• 3Y*: 33.61%
• 5Y*: 26.82%
• 10Y*: 17.46%

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

OTGL vs. ARGT - Yearly Performance Comparison

	2026 (YTD)	2025
OTGL OTG Latin America ETF	5.63%	13.64%
ARGT Global X MSCI Argentina ETF	3.65%	14.88%

Correlation

The correlation between OTGL and ARGT is 0.62, which is moderate. They share some common price drivers but move independently often enough to provide real diversification benefit when combined.

	Correlation
Correlation (All Time) Calculated using the full available price history since Jul 15, 2025	0.62

Return for Risk

OTGL vs. ARGT — Risk / Return Rank

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

ARGT

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

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.

OTGL vs. ARGT - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for OTG Latin America ETF (OTGL) 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.

Risk / return metrics aren't available yet — we need at least 12 months of trading data to calculate them.

Sharpe Ratios by Period

	OTGL	ARGT	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	—	0.16	—
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	—	0.84	—
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	—	0.56	—
Sharpe Ratio (All Time) Calculated using the full available price history	1.20	0.30	+0.90

Drawdowns

OTGL vs. ARGT - Drawdown Comparison

The maximum OTGL drawdown since its inception was -13.52%, smaller than the maximum ARGT drawdown of -61.68%. Use the drawdown chart below to compare losses from any high point for OTGL and ARGT.

Drawdown Indicators

	OTGL	ARGT	Difference
Max Drawdown Largest peak-to-trough decline	-13.52%	-61.68%	+48.16%
Max Drawdown (1Y) Largest decline over 1 year	—	-22.97%	—
Max Drawdown (3Y) Largest decline over 3 years	—	-28.46%	—
Max Drawdown (5Y) Largest decline over 5 years	—	-35.14%	—
Max Drawdown (10Y) Largest decline over 10 years	—	-61.68%	—
Current Drawdown Current decline from peak	-8.97%	-7.96%	-1.01%
Average Drawdown Average peak-to-trough decline	-3.00%	-22.05%	+19.05%
Ulcer Index Depth and duration of drawdowns from previous peaks	—	11.20%	—

Volatility

Volatility by Period

	OTGL	ARGT	Difference
Volatility (1M) Calculated over the trailing 1-month period	—	10.43%	—
Volatility (6M) Calculated over the trailing 6-month period	—	20.31%	—
Volatility (1Y) Calculated over the trailing 1-year period	19.02%	36.70%	-17.68%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	19.02%	31.92%	-12.90%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	19.02%	31.44%	-12.42%

OTGL vs. ARGT - Expense Ratio Comparison

OTGL has a 0.95% expense ratio, which is higher than ARGT's 0.60% expense ratio.

Dividends

OTGL vs. ARGT - Dividend Comparison

OTGL's dividend yield for the trailing twelve months is around 1.83%, more than ARGT's 0.81% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
ARGT Global X MSCI Argentina ETF	0.81%	0.84%	1.41%	1.59%	2.45%	0.93%	0.28%	1.21%	1.34%	0.49%	0.36%	0.89%
OTGL OTG Latin America ETF	1.83%	1.89%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%

Frequently Asked Questions

Can I hold both OTGL and ARGT in my portfolio?

OTGL and ARGT have a correlation of 0.62, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which ETF is better, OTGL or ARGT?

On fees, ARGT is cheaper at 0.60% per year. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF is cheaper, OTGL or ARGT?

ARGT is cheaper with a 0.60% expense ratio, compared with 0.95% for OTGL.

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

OTGL has the higher dividend yield at 1.83%, compared with 0.81% for ARGT.

What is the main difference between OTGL and ARGT?

OTGL tracks Actively Managed, while ARGT tracks MSCI All Argentina 25/50. They also come from different issuers: OTG and Global X. Their fees differ too: 0.95% for OTGL and 0.60% for ARGT.