WIP vs. ARGT
Compare and contrast key facts about SPDR FTSE International Government Inflation-Protected Bond ETF (WIP) and Global X MSCI Argentina ETF (ARGT).
WIP and ARGT are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. WIP is a passively managed fund by State Street that tracks the performance of the FTSE International Inflation-Linked Securities Select (USD). It was launched on Mar 13, 2008. 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 WIP 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: WIP or ARGT.
Key characteristics
| WIP | ARGT | |
|---|---|---|
| YTD Return | -7.01% | 49.33% |
| 1Y Return | -1.30% | 87.05% |
| 3Y Return (Ann) | -5.76% | 32.09% |
| 5Y Return (Ann) | -1.96% | 29.72% |
| 10Y Return (Ann) | -0.64% | 15.16% |
| Sharpe Ratio | 0.15 | 3.22 |
| Sortino Ratio | 0.29 | 4.20 |
| Omega Ratio | 1.03 | 1.50 |
| Calmar Ratio | 0.08 | 5.90 |
| Martin Ratio | 0.30 | 15.25 |
| Ulcer Index | 4.89% | 6.04% |
| Daily Std Dev | 10.00% | 28.64% |
| Max Drawdown | -29.59% | -61.68% |
| Current Drawdown | -18.49% | -0.22% |
Correlation
The correlation between WIP and ARGT is 0.32, 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.
Performance
WIP vs. ARGT - Performance Comparison
In the year-to-date period, WIP achieves a -7.01% return, which is significantly lower than ARGT's 49.33% return. Over the past 10 years, WIP has underperformed ARGT with an annualized return of -0.64%, while ARGT has yielded a comparatively higher 15.16% annualized return. The chart below displays the growth of a $10,000 investment in both assets, with all prices adjusted for splits and dividends.
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WIP vs. ARGT - Expense Ratio Comparison
WIP has a 0.50% expense ratio, which is lower than ARGT's 0.60% expense ratio.
Risk-Adjusted Performance
WIP vs. ARGT - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for SPDR FTSE International Government Inflation-Protected Bond ETF (WIP) 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
WIP vs. ARGT - Dividend Comparison
WIP's dividend yield for the trailing twelve months is around 6.13%, more than ARGT's 0.97% yield.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
WIP SPDR FTSE International Government Inflation-Protected Bond ETF | 6.13% | 6.54% | 11.15% | 4.63% | 1.59% | 2.49% | 4.05% | 1.92% | 1.26% | 1.14% | 2.56% | 2.39% |
ARGT Global X MSCI Argentina ETF | 0.97% | 1.59% | 2.45% | 0.93% | 0.28% | 1.21% | 1.34% | 0.49% | 0.36% | 0.89% | 0.47% | 0.62% |
Drawdowns
WIP vs. ARGT - Drawdown Comparison
The maximum WIP drawdown since its inception was -29.59%, smaller than the maximum ARGT drawdown of -61.68%. Use the drawdown chart below to compare losses from any high point for WIP and ARGT. For additional features, visit the drawdowns tool.
Volatility
WIP vs. ARGT - Volatility Comparison
The current volatility for SPDR FTSE International Government Inflation-Protected Bond ETF (WIP) is 2.33%, while Global X MSCI Argentina ETF (ARGT) has a volatility of 6.26%. This indicates that WIP 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.