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
985.1 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) | $985 |
| 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 | 22.5 % |
| GRUPO FINANCIERO GALICIA-ADR | 7.9 % |
| YPF S.A.-SPONSORED ADR | 7.2 % |
| BANCO MACRO SA-ADR | 5.2 % |
| CENCOSUD SA | 4.4 % |
| PAMPA ENERGIA SA-SPON ADR | 4.4 % |
| SSR MINING INC | 4.3 % |
| VISTA ENERGY SAB DE CV | 4.2 % |
| TRANSPORTADOR GAS SUR-SP ADR | 4.1 % |
| EMBOTELLADORA ANDINA-PREF B | 4.0 % |
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 | 72.9 % |
 |
CHILE | 11.2 % |
 |
CANADA | 5.0 % |
 |
UNITED STATES | 4.2 % |
 |
LUXEMBOURG | 4.2 % |
 |
URUGUAY | 2.5 % |
Historical Performance
Standardized Performance (as of 04/30/2025)
| YTD | 1 YR | 2 YR | 3 YR | 5 YR | 10 YR | 20 YR | Incep. | |
|---|---|---|---|---|---|---|---|---|
| Price Returns | 3.7% | 49.3% | 47.7% | 39.3% | 36.6% | 14.6% | -- | 7.6% |
| Dividend Yield | 0.0% | 2.3% | 2.3% | 2.8% | 2.0% | 1.3% | -- | 1.2% |
| Total Returns | 3.7% | 51.5% | 50.0% | 42.1% | 38.5% | 15.9% | -- | 8.8% | Ann. Volatility | 41.8% | 32.7% | 30.5% | 32.1% | 30.7% | 30.4% | -- | 29.6% |
Market Correlations
| versus... | Beta | R-squared |
| S&P 500 | 1.22 | 39% |
| MSCI EAFE | 1.11 | 34% |
| MSCI Emg Mkts | 0.80 | 17% |
Liquidity Measures
| Avg. volume (000) | 297 |
| Turnover | 2.6% |
| Avg. Bid/Ask (% of price) | 0.47% |
| ADV of underlying (mns) | $435 |
Technical Indicators
| Recent close | $85.70 |
| 30d moving avg. | $82.37 |
| Annualized volatility | 32.6% |
| Relative strength (RSI) | 53 |
| 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 | +1.2% |
| ECH | iShares MSCI Chile ETF | 10.9% | -1 bp | +4.8% |
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 | 2025 | 2026 | ||
|---|---|---|---|---|---|---|---|---|
| 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
| Fwd Est | 2024 | 2025 | 2026 | |
| 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 4/30/2025
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
4.1%
Cat. Avg
8.3%
ALTAR Score™ Calculation
Category Overview
There are 110 funds in the Emerging Equity category, with an average ALTAR Score™
of 8.3% and a standard deviation of
2.7%. ARGT's ALTAR Score™ is approximately
1.6 standard deviations
below
the category average. This places ARGT in the 5th 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 .