Global X MSCI Argentina ETF drawdown: 14.5% below the all-time high (price)
Global X MSCI Argentina ETF is 14.5% below its all-time high, set Jan 27, 2026 (as of market close, Oct 16, 2026), measured on price alone — dividends are not included, the convention headlines and crash histories use. 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.
- Below all-time high
- −14.5%
- 85.5% of ATH
- All-time high
- $102.94
- Jan 27, 2026
- Time below the high
- 9 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
- Dec 16, 2024
- 1.8 yrs ago
- Last time this deep
- Oct 24, 2025
- in a previous episode
% of all-time high since 2011: price#
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. Basis and range are in the URL, so a particular view is a link.
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 | Oct 1, 2026 | −18.1% | 8 mo | not yet | 9 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 Global X MSCI Argentina ETF 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: a single asset's history is one surviving sample, 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 Global X MSCI Argentina ETF from its all-time high?
- Global X MSCI Argentina ETF is currently 14.5% below its all-time high, set Jan 27, 2026 (as of market close, Oct 16, 2026). Prices only, the convention headlines use; with dividends reinvested the gap is usually smaller.
- What was the biggest Global X MSCI Argentina ETF drawdown ever?
- The deepest decline on record in our data (since 2011) took Global X MSCI Argentina ETF 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 data since -1 from ARGT; no free deep history exists for Global X MSCI Argentina ETF — for a 150-year 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. Past performance does not predict future returns; not investment advice.