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.
Performance
TGEIX vs. ARGT - Performance Comparison
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TGEIX vs. ARGT - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
TGEIX TCW Emerging Markets Income Fund | -1.32% | 14.59% | 7.33% | 12.10% | -17.54% | -5.07% | 5.13% | 15.86% | -6.16% | 11.40% |
ARGT Global X MSCI Argentina ETF | 2.09% | 11.51% | 63.46% | 53.64% | 11.80% | 3.83% | 14.58% | 14.50% | -32.62% | 53.87% |
Returns By Period
In the year-to-date period, TGEIX achieves a -1.32% return, which is significantly lower than ARGT's 2.09% return. Over the past 10 years, TGEIX has underperformed ARGT with an annualized return of 3.99%, while ARGT has yielded a comparatively higher 18.46% annualized return.
TGEIX
- 1D
- -0.44%
- 1M
- -4.10%
- YTD
- -1.32%
- 6M
- 1.49%
- 1Y
- 10.54%
- 3Y*
- 10.06%
- 5Y*
- 2.30%
- 10Y*
- 3.99%
ARGT
- 1D
- 4.75%
- 1M
- 3.97%
- YTD
- 2.09%
- 6M
- 34.80%
- 1Y
- 16.52%
- 3Y*
- 35.23%
- 5Y*
- 28.13%
- 10Y*
- 18.46%
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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.
Return for Risk
TGEIX vs. ARGT — Risk / Return Rank
TGEIX
ARGT
TGEIX vs. ARGT - Risk-Adjusted Trends 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.
| TGEIX | ARGT | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | 2.11 | 0.42 | +1.69 |
Sortino ratioReturn per unit of downside risk | 3.01 | 0.97 | +2.04 |
Omega ratioGain probability vs. loss probability | 1.46 | 1.12 | +0.34 |
Calmar ratioReturn relative to maximum drawdown | 2.29 | 0.46 | +1.83 |
Martin ratioReturn relative to average drawdown | 9.70 | 1.06 | +8.64 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
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Sharpe Ratios by Period
| TGEIX | ARGT | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 2.11 | 0.42 | +1.69 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.35 | 0.89 | -0.54 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.52 | 0.59 | -0.07 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.51 | 0.30 | +0.22 |
Correlation
The correlation between TGEIX and ARGT is 0.36, 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.
Dividends
TGEIX vs. ARGT - Dividend Comparison
TGEIX's dividend yield for the trailing twelve months is around 5.84%, more than ARGT's 0.83% yield.
| TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
TGEIX TCW Emerging Markets Income Fund | 5.84% | 6.12% | 6.67% | 5.23% | 5.07% | 4.88% | 4.00% | 4.92% | 4.59% | 5.47% | 5.16% | 5.33% |
ARGT Global X MSCI Argentina ETF | 0.83% | 0.84% | 1.41% | 1.59% | 2.45% | 0.93% | 0.28% | 1.21% | 1.34% | 0.49% | 0.36% | 0.89% |
Drawdowns
TGEIX vs. ARGT - Drawdown Comparison
The maximum TGEIX drawdown since its inception was -46.33%, 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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Drawdown Indicators
| TGEIX | ARGT | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -46.33% | -61.68% | +15.35% |
Max Drawdown (1Y)Largest decline over 1 year | -4.56% | -28.46% | +23.90% |
Max Drawdown (5Y)Largest decline over 5 years | -29.53% | -35.14% | +5.61% |
Max Drawdown (10Y)Largest decline over 10 years | -29.74% | -61.68% | +31.94% |
Current DrawdownCurrent decline from peak | -4.56% | -9.35% | +4.79% |
Average DrawdownAverage peak-to-trough decline | -7.28% | -22.19% | +14.91% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.07% | 12.33% | -11.26% |
Volatility
TGEIX vs. ARGT - Volatility Comparison
The current volatility for TCW Emerging Markets Income Fund (TGEIX) is 1.88%, while Global X MSCI Argentina ETF (ARGT) has a volatility of 9.70%. 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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Volatility by Period
| TGEIX | ARGT | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 1.88% | 9.70% | -7.82% |
Volatility (6M)Calculated over the trailing 6-month period | 3.11% | 28.27% | -25.16% |
Volatility (1Y)Calculated over the trailing 1-year period | 4.97% | 39.23% | -34.26% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 6.58% | 31.77% | -25.19% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 7.70% | 31.37% | -23.67% |