Correlation
The correlation between TGEIX and ARGT is 0.33, 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.
TGEIX vs. ARGT
Compare and contrast key facts about TCW Emerging Markets Income Fund (TGEIX) and Global X MSCI Argentina ETF (ARGT).
TGEIX is managed by TCW. It was launched on May 28, 1998. 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.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: TGEIX or ARGT.
Performance
TGEIX vs. ARGT - Performance Comparison
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Key characteristics
TGEIX:
1.46
ARGT:
1.42
TGEIX:
2.05
ARGT:
2.23
TGEIX:
1.29
ARGT:
1.28
TGEIX:
0.70
ARGT:
2.38
TGEIX:
5.04
ARGT:
8.22
TGEIX:
1.49%
ARGT:
6.16%
TGEIX:
5.30%
ARGT:
31.78%
TGEIX:
-38.53%
ARGT:
-61.68%
TGEIX:
-3.52%
ARGT:
-4.52%
Returns By Period
In the year-to-date period, TGEIX achieves a 2.65% return, which is significantly lower than ARGT's 9.14% return. Over the past 10 years, TGEIX has underperformed ARGT with an annualized return of 3.12%, while ARGT has yielded a comparatively higher 16.66% annualized return.
TGEIX
2.65%
1.09%
1.20%
7.51%
5.26%
2.55%
3.12%
ARGT
9.14%
7.42%
9.26%
45.94%
45.89%
34.75%
16.66%
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TGEIX vs. ARGT - Expense Ratio Comparison
TGEIX has a 0.85% expense ratio, which is higher than ARGT's 0.60% expense ratio.
Risk-Adjusted Performance
TGEIX vs. ARGT — Risk-Adjusted Performance Rank
TGEIX
ARGT
TGEIX vs. ARGT - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for TCW Emerging Markets Income Fund (TGEIX) 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.
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Dividends
TGEIX vs. ARGT - Dividend Comparison
TGEIX's dividend yield for the trailing twelve months is around 6.38%, more than ARGT's 1.29% yield.
| TTM | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
TGEIX TCW Emerging Markets Income Fund | 6.38% | 6.67% | 5.26% | 5.04% | 4.90% | 4.01% | 4.92% | 4.63% | 5.47% | 5.16% | 5.33% | 5.21% |
ARGT Global X MSCI Argentina ETF | 1.29% | 1.41% | 1.59% | 2.45% | 0.93% | 0.28% | 1.21% | 1.34% | 0.49% | 0.36% | 0.89% | 0.47% |
Drawdowns
TGEIX vs. ARGT - Drawdown Comparison
The maximum TGEIX drawdown since its inception was -38.53%, smaller than the maximum ARGT drawdown of -61.68%. Use the drawdown chart below to compare losses from any high point for TGEIX and ARGT.
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Volatility
TGEIX vs. ARGT - Volatility Comparison
The current volatility for TCW Emerging Markets Income Fund (TGEIX) is 1.25%, while Global X MSCI Argentina ETF (ARGT) has a volatility of 6.32%. This indicates that TGEIX 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.
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