ARGT drawdown: 10.1% below the all-time high
Global X MSCI Argentina ETF (ARGT) is 10.1% below its all-time high, set Jan 27, 2026 (as of market close, Aug 6, 2026). The chart shows every day as a percentage of the highest level reached up to that point: 100% means a fresh record, everything below is a drawdown. "All-time" means since our price data begins (2011).
- Below all-time high
- −10.1%
- 89.9% of ATH
- All-time high
- $102.9
- Jan 27, 2026
- Time below the high
- 6 mo
- since Jan 27, 2026
- Worst-ever drawdown
- −62.6%
- Mar 23, 2020
- Longest underwater
- 6.5 yrs
- between all-time highs
- Today's level first reached
- May 13, 2025
- 15 mo ago
- Last time this deep
- Nov 21, 2025
- in a previous episode
% of all-time high since 2011#
The classic underwater chart (drawdown curve), drawn as % of the all-time high — 100% is a fresh record, everything below it is time spent underwater.
% of all-time high on the price basis — the all-time high considers the full history of ARGT, including years before the visible window. Dividends are excluded on this basis (the convention headlines use).
The deepest drawdowns on record#
Every decline of 15% or more from an all-time high (price basis), deepest first.
| Peak | Trough | Depth | Peak → trough | Recovered by | Underwater |
|---|---|---|---|---|---|
| Jan 26, 2018 | Mar 23, 2020 | −62.6% | 2.2 yrs | Jan 13, 2023 | 5.0 yrs |
| Apr 5, 2011 | Jun 4, 2012 | −51.9% | 14 mo | Sep 19, 2017 | 6.5 yrs |
| May 19, 2025 | Oct 1, 2025 | −28.5% | 4 mo | Nov 3, 2025 | 6 mo |
| Jan 7, 2025 | Apr 8, 2025 | −21.3% | 3 mo | May 9, 2025 | 4 mo |
| Sep 1, 2023 | Oct 31, 2023 | −19.5% | 2 mo | Nov 24, 2023 | 3 mo |
| Jan 27, 2026 | Mar 13, 2026 | −16.9% | 45 days | not yet | 6 mo+ |
| May 20, 2024 | Aug 5, 2024 | −15.9% | 3 mo | Aug 30, 2024 | 3 mo |
Price basis (no dividends) — the convention crash histories use. With dividends reinvested, recoveries arrive years earlier; switch the basis on the chart above to see it.
Drawdown vs what came next#
One dot per month since 2011: how far ARGT stood below its all-time high, and the total return over the following 1, 5 and 10 years.
Read this with survivorship bias in mind: ARGT is on this chart precisely because it survived — the many stocks that fell this far and never recovered (or were delisted) aren't on anyone's chart, so past recoveries here say little about the odds ahead. Monthly windows also overlap heavily (they are not independent samples). Not investment advice.
FAQ
- How far is ARGT from its all-time high?
- ARGT is currently 10.1% below its all-time high, set Jan 27, 2026 (as of market close, Aug 6, 2026). Prices only, the convention headlines use; with dividends reinvested the gap is usually smaller.
- What was the biggest ARGT drawdown ever?
- The deepest decline on record in our data (since 2011) took the stock 62.6% below its prior high, bottoming Mar 23, 2020. The table on this page lists every major episode with its peak, trough and recovery date.
Methodology & related#
Daily closing prices since 2011 (split-adjusted). "All-time" means since our price data begins — ARGT may have traded earlier. For a 150-year index drawdown record see the S&P 500 drawdown page. The price basis excludes dividends; the total-return basis reinvests them; the real basis additionally deflates by CPI. See also returns by year, 150 years of returns and the rolling-returns explorer. Past performance does not predict future returns; not investment advice.