ARGT
Global X MSCI Argentina ETF
Global X FTSE Argentina 20 ETF seeks to track the performance of the FTSE Argentina 20 Index.
Emerging Market
EQUITY
Passive
MANAGEMENT STYLE
978.7 M
ASSETS UNDER MGMT
59 bp
EXPENSES
Fund Basics
| Fund sponsor | Global X Management Co LLC |
| Category | Emerging |
| Asset class | Equity |
| Website | link... |
| Inception date | Mar 02, 2011 |
| Assets (mns) | $979 |
| Expense ratio | 59 bp |
| Currency | USD |
Sector Breakdown
Fund Structure
| Regulation | Open-Ended Fund |
| Distributions | Annually |
| Taxation | 1099 |
| Stock selection | Market Cap |
| Weighting | Market Cap |
| Holdings Transparency | Full |
| Derivatives-based | No |
| Options available | Yes |
| Currency hedged | No |
| Fund of funds | No |
Top 10 Holdings
Complete list +
| MERCADOLIBRE INC | 23.2 % |
| GRUPO FINANCIERO GALICIA-ADR | 7.4 % |
| YPF S.A.-SPONSORED ADR | 7.0 % |
| BANCO MACRO SA-ADR | 4.9 % |
| SSR MINING INC | 4.6 % |
| CENCOSUD SA | 4.5 % |
| PAMPA ENERGIA SA-SPON ADR | 4.2 % |
| TRANSPORTADOR GAS SUR-SP ADR | 4.1 % |
| EMBOTELLADORA ANDINA-PREF B | 3.9 % |
| DESPEGAR.COM, CORP. | 3.9 % |
Constituent Breakdown
| Number of holdings | 25 |
| Herfindahl-Hirschman Index | 857 |
| Wgt avg mkt cap (mns) | $27,764 |
| Large cap (>$10bn) | 31.9% |
| Mid cap ($2-10bn) | 46.0% |
| Small cap (<$2bn) | 21.4% |
| Developed mkts. | 12.6% |
| Emerging mkts. | 87.4% |
Country Exposure
 |
ARGENTINA | 72.6 % |
 |
CHILE | 11.4 % |
 |
CANADA | 5.4 % |
 |
LUXEMBOURG | 4.4 % |
 |
UNITED STATES | 3.6 % |
 |
URUGUAY | 2.7 % |
Historical Performance
Standardized Performance (as of 03/31/2025)
| YTD | 1 YR | 2 YR | 3 YR | 5 YR | 10 YR | 20 YR | Incep. | |
|---|---|---|---|---|---|---|---|---|
| Price Returns | -2.3% | 62.0% | 42.6% | 35.7% | 28.6% | 14.9% | -- | 7.2% |
| Dividend Yield | 0.0% | 2.4% | 2.3% | 2.7% | 1.9% | 1.3% | -- | 1.2% |
| Total Returns | -2.3% | 64.4% | 44.9% | 38.4% | 30.5% | 16.2% | -- | 8.4% | Ann. Volatility | 35.1% | 29.2% | 28.8% | 31.1% | 32.8% | 29.9% | -- | 29.4% |
Market Correlations
| versus... | Beta | R-squared |
| S&P 500 | 1.26 | 43% |
| MSCI EAFE | 1.20 | 38% |
| MSCI Emg Mkts | 0.86 | 20% |
Liquidity Measures
| Avg. volume (000) | 323 |
| Turnover | 2.8% |
| Avg. Bid/Ask (% of price) | 0.47% |
| ADV of underlying (mns) | $435 |
Technical Indicators
| Recent close | $85.74 |
| 30d moving avg. | $80.90 |
| Annualized volatility | 33.6% |
| Relative strength (RSI) | 48 |
| Short interest (ETF) | 1.2% |
| Short interest (underlying) | 0.0% |
Distributions
Assets Under Management (mns)
Money Flows (mns)
Short Interest (as % of shares outstanding)
Long Money Flows (mns)
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Comparable ETFs Based on Overlap
| Ticker | Fund Name | Overlap vs. ARGT |
Expenses vs. ARGT |
ALTAR Score™ vs. ARGT |
|---|---|---|---|---|
| AADR | AdvisorShares Dorsey Wright ADR ETF | 19.0% | +51 bp | +1.4% |
| ECH | iShares MSCI Chile ETF | 10.8% | -1 bp | +5.3% |
Risk and Returns: ARGT vs. Comps (1 YR)
Notes: Top 10 overlapping ETFs. Funds with insufficient history not shown. Some funds may overlap. Hover over data point for ticker symbol.
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Results & Estimates
| 2020 | 2021 | 2022 | 2023 | 2024 | 2025E | 2026E | ||
|---|---|---|---|---|---|---|---|---|
| Sales per share | -- | -- | -- | -- | -- | -- | -- | |
| change (%) | -- | -- | -- | -- | -- | -- | -- | |
| Earnings per share | -- | -- | -- | -- | -- | -- | -- | |
| change (%) | -- | -- | -- | -- | -- | -- | -- | |
| Dividends per share | -- | -- | -- | -- | -- | -- | -- | |
| change (%) | -- | -- | -- | -- | -- | -- | -- | |
| Book value per share | -- | -- | -- | -- | -- | -- | -- | |
| change (%) | -- | -- | -- | -- | -- | -- | -- |
Return on Equity
Net Margins
EPS Revision Activity (6 mo. ago = 100%)
Compound Annual Growth Rates
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Valuation Metrics
| 2024 | 2025E | Fwd Est | 2026E | |
| Price-to-sales | --x | --x | --x | --x |
| Price-to-earnings | --x | --x | --x | --x |
| Price-to-cash flow | --x | --x | --x | --x |
| Price-to-growth | --x | --x | --x | --x |
| Price-to-book value | --x | --x | --x | --x |
| Yield | --% | --% | --x | --% |
Based on closing prices from 4/17/2025
Peer Group Comparison Sample data. Subscribe for access.
Price-to-Earnings
Price-to-Sales
Price-to-Book Value
Price-to-Cash Flow
Price-to-Growth
Dividend Yield
Historical Valuation Trends Sample data. Subscribe for access.
SHOWING:
Price-to-Earnings
Price-to-Earnings
ARGT
Notes: Based on adjusted historical results for current fund constituents. May differ from results achieved by past fund constituents. Max P/E of 100x.
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ETF Research Center Rating
AVOID
Not worthwhile for most investors. A rating of AVOID is assigned to ETFs with ALTAR Scores in the lowest quintile (the bottom 20%) of their category. Often, funds in this category consist of stocks with little if any history or expectation of profitability, and as a result our fundamentally-driven analysis may be less relevant.
ALTAR Score™
ARGT
4.0%
Cat. Avg
10.0%
ALTAR Score™ Calculation
Category Overview
There are 151 funds in the Emerging Equity category, with an average ALTAR Score™
of 10.0% and a standard deviation of
4.2%. ARGT's ALTAR Score™ is approximately
1.4 standard deviations
below
the category average. This places ARGT in the 8th percentile among funds in the category.
Sell Side Consensus Rating
Sell-side recommendations on the ETF's individual constituents
ARGTSELL
U/W
HOLD
O/W
BUY
Expense Analysis
| Peer Group | Passive Emerging Market Equity ETFs |
| # of ETFs | 53 |
| Avg. Expense Ratio | 52.8 bp |
| Std. Deviation | 23.2 bp |
| ARGT (59 bp) Percentile rank | 62 |
Peer Group Expense Ratio Distribution
Total Cost of Ownership (TCO) Comparison
| Expense (bp) (A) |
Avg. Bid/Ask (bp) (B) |
TCO (bp) (A)+(B) |
|
|---|---|---|---|
| ARGT | 59.0 | 46.6 | 105.6 |
| Peer Avg. | 55.8 | 20.1 | 75.9 |
For a detailed cost analysis of this and any other ETF use the TCO Comparison Tool .