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ARGT vs FLMX

Global X MSCI Argentina ETF

ARGTCNYSE Arca

Franklin FTSE Mexico ETF

FLMXBNYSE Arca

Overlap

Expense ratio

FLMX −0.40pt a year

ARGT0.59%FLMX0.19%

Avg volume · 30D

ARGT 13.9×the volume

ARGT142KFLMX10.2K

5Y return · a year

ARGT +8.7pt

ARGT+21.2%FLMX+12.5%

ARGT vs FLMX Performance

Oct 29, 2021 – Oct 30, 2026

+161.3%ARGT+80.3%FLMX

Oct 29, 2021 to Oct 30, 2026. ARGT +161.3%. FLMX +80.3%. Use the arrow keys to read each point.0%50%200%250%Oct 2021Apr 2024Oct 2026
Expense ratio
ARGT 0.59%
FLMX 0.19%, better
Fund size
ARGT $620M
FLMX $82M
1Y total return
ARGT −15.2%
FLMX +16.3%, better
Yield (12M)
ARGT 1.30%
FLMX 3.91%, better
Holdings
ARGT 25
FLMX 39
Avg volume (30D)
ARGT 142K sh, better
FLMX 10.2K sh
NAV per share
ARGT $79.25
FLMX $36.31
52W range

ETF.net Grade

ARGT: Cost 50, Risk 32, Mission 43, Tradability 75, Holdings 35, Durability 60. FLMX: Cost 100, Risk 54, Mission 65, Tradability 48, Holdings 64, Durability 37.
Pillar letters and Scores for ARGT, FLMX, with each pillar’s weight
PillarARGTFLMX
Cost30% weightC50A100Higher
Mission25% weightC43B65Higher
Risk15% weightD32C54Higher
Tradability15% weightA75HigherC48
Holdings10% weightD35B64Higher
Durability5% weightB60HigherD37

Rank among Emerging Markets Single Country funds

How we build Categories ›
Same Category. Both funds are graded against the same funds, so their Grades compare head to head.

Same Category. ARGT and FLMX are both graded against the same 21 Emerging Markets Single Country funds, so their Grades compare head to head.

Emerging Markets Single Country⁠

Category · 21 funds
See all 21 ›

FLMX ranks 2nd and ARGT 10th of 21 funds in the Emerging Markets Single Country Category.

  1. Rank 1AEWWiShares MSCI Mexico ETFScore 76
  2. Rank 2BFLMXFranklin FTSE Mexico ETFScore 69
  3. Rank 3BEPOLiShares MSCI Poland ETFScore 64
  4. Rank 9CEPUiShares MSCI Peru and Global Exposure ETFScore 51
  5. Rank 10CARGTGlobal X MSCI Argentina ETFScore 48
  6. Rank 11CIDXVanEck Indonesia Index ETFScore 45

Our read on each fund

ETF.net Research

ARGTCGlobal X MSCI Argentina ETF

FLMXBFranklin FTSE Mexico ETF

In short

ARGT Argentina in one ticker. Global X has run this fund since 2011, packing roughly 25 stocks tied to a market most global portfolios skip, and it trades more smoothly than most single-country peers.

FLMX Mexico exposure at a discount. Franklin's tracker charges 0.19%, a fraction of what single-country emerging-market funds usually cost, and holds a compact basket of the country's largest listed companies.

Stated mandate

ARGT The fund seeks to track, before fees and expenses, the price and yield performance of the MSCI All Argentina 25/50 Index.

FLMX The Fund seeks to track the performance of the FTSE Mexico Capped Index before fees and expenses through an indexing strategy, investing at least 80% of assets in index components or related exposure.

Why people hold it

  • ARGT About 25 holdings put Argentine equity exposure in a single trade, a market that is awkward to assemble stock by stock from a US brokerage account.
  • The 0.59% expense ratio lands exactly at the median for single-country emerging-market funds, level with iShares Poland (EPOL) and iShares South Africa (EZA).
  • For a niche one-country fund it changes hands easily: among the smoother trades in its peer group, with a mid-sized asset base behind it.
  • Trading since 2011, a long run for a single-country niche product, and it still tracks the MSCI All Argentina 25/50 Index it started with.
  • FLMX At 0.19%, one of the cheapest wrappers for Mexican equities: well under the roughly 0.59% median in its single-country EM cohort, and under EWW's 0.50%.
  • Plain, rules-based mandate: it tracks the FTSE Mexico Capped Index, keeping at least 80% of assets in index components or related exposure. No manager guesswork.
  • The index is a capped one, which limits how much of the portfolio any single Mexican mega-cap can occupy.
  • Live since 2017 and, on our review, one of the stronger implementations among single-country emerging-market funds.

Worth knowing

  • ARGT Roughly 25 holdings means a few names and sectors steer the whole fund. This is a concentrated country bet, not a diversifier.
  • Argentine exposure brings currency and policy swings, and the fund sits in the rougher half of its single-country cohort on risk measures.
  • It has followed its index less tightly than the strongest trackers in its group, so returns can drift from the benchmark.
  • FLMX Thinly traded. Spreads can run wider than at the category's busiest funds, which adds to the real cost of getting in and out beyond the headline fee.
  • One country, roughly 40 stocks. Concentration is the point, but it means Mexican policy, oil and peso moves all land straight in a dollar-based return.
  • Income arrives quarterly, not monthly.

Full ARGT profile⁠

Full FLMX profile⁠

ARGT vs FLMX Holdings

As of
How we measure overlap

Each holding counts at its smaller weight in the two funds, summed over the full Holdings. Sector, country and asset class use the same rule on each fund’s split. Cash, FX and derivative lines stay out of the counts. Two bond funds get no overlap figure.

ARGT vs FLMX Cost

Overpaying ARGT vs FLMX

$7,683

On $10,000 over 30 years. 7% growth a year before fees, expense ratio only.

  • ARGT 0.59%

    $11,635

  • FLMX 0.19%

    $3,952

$10,000
30 years

Cost over time

  • ARGT 0.59%
  • FLMX 0.19%
  • Overpaying
One line per fund, from year 0 to year 30. Use the arrow keys to read each point.$0$2.5K$5K$7.5K$10K$12.5K051015202530ARGT $11,635FLMX $3,952

Year by year

YearARGTFLMXOverpaying
10$1,058$347$711
20$4,051$1,351$2,700
30$11,635$3,952$7,683

Expense ratio

  • 0.59%ARGT
  • 0.19%FLMX, cheaper
  • Middle half of Emerging Markets Single Country funds
  • Median 0.59%

FLMX cheapest of 21 funds

ARGT 7th cheapest of 21 funds

ARGT vs FLMX Dividends

Last 12 months to Oct 30, 2026
Yield (12M)
ARGT 1.30%
FLMX 3.91%, better
Payout (12M)
ARGT $1.03
FLMX $1.42
Last payment
ARGT $0.33
FLMX $0.72
Ex-dividend
ARGT Jun 29, 2026
FLMX Jun 26, 2026
Paid on
ARGT Jul 7, 2026
FLMX Jul 6, 2026
Frequency
ARGT Twice a year
FLMX Twice a year

Distribution history

Per share, 2017 to 2026, same scale for both

ARGTTwice a year · 16 paymentsAll ARGT payments⁠
One bar per payment. 16 payments from 2017 to 2026 YTD. Dec 28, 2017 $0.17; Dec 28, 2018 $0.31; Jun 27, 2019 $0.24; Dec 30, 2019 $0.08; Dec 30, 2020 $0.09; Jun 29, 2021 $0.03; Dec 30, 2021 $0.27; Jun 29, 2022 $0.39; Dec 29, 2022 $0.45; Jun 29, 2023 $0.29; Dec 28, 2023 $0.53; Jun 27, 2024 $0.21; Dec 30, 2024 $0.95; Jun 27, 2025 $0.07; Dec 30, 2025 $0.70; Jun 29, 2026 $0.33. Use the arrow keys to read each point.$0$12017202020232026YTD
FLMXTwice a year · 20 paymentsAll FLMX payments⁠
One bar per payment. 20 payments from 2017 to 2026 YTD. Dec 20, 2017 $0.08; Jun 20, 2018 $0.14; Dec 20, 2018 $0.38; Jun 11, 2019 $0.31; Dec 11, 2019 $0.36; Jun 11, 2020 $0.13; Dec 14, 2020 $0.19; Jun 10, 2021 $0.26; Dec 13, 2021 $0.53; Jun 17, 2022 $0.34; Dec 16, 2022 $0.69; Jun 16, 2023 $0.28; Dec 15, 2023 $0.68; Jun 21, 2024 $0.19; Dec 20, 2024 $0.50; Dec 31, 2024 $0.07; Jun 20, 2025 $0.65; Dec 19, 2025 $0.66; Dec 30, 2025 $0.04; Jun 26, 2026 $0.72. Use the arrow keys to read each point.$0$12017202020232026YTD

ARGT vs FLMX Risk

Fall from peak · 5 years

  • ARGT
  • FLMX
Oct 29, 2021 to Oct 30, 2026. Worst fall: ARGT −35.1% · Jul 2022. Use the arrow keys to read each point.−30%−20%−10%0%Oct 2021Apr 2024Oct 2026

Risk facts

VolatilityStd dev, 3 years
ARGT 34.9%FLMX 20.0%, better
Return per unit of riskSharpe ratio, 3 years
ARGT 0.76, betterFLMX 0.55
Worst fallMax drawdown, 5 years
ARGT −35.1%FLMX −31.7%, better
Market sensitivityBeta, 5 years
ARGT 0.48FLMX 1.08

ARGT and FLMX in the news

All news⁠

Popular comparisons

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    Expense ratio
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    Category
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    Category
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