FDMO vs ARGT
Comparison between FIDELITY MOMENTUM FACTOR ETF (FDMO, ETF) and GLOBAL X MSCI ARGENTINA ETF (ARGT, ETF).
5-Year PerformanceARGT has outperformed FDMO, delivering a return of +27.3% compared to +16.5%
FDMO vs ARGT - Performance Comparison
Key Characteristics
Financial metrics and valuation ratios
FDMO vs ARGT - Holdings Comparison
FDMO and ARGT have 1 common holdings. Overlap is -0.52%
FDMO's top 25 holdings weight is 58.45%. ARGT's top 25 holdings weight is 99.98%.
| Rank | FDMO | ARGT |
|---|---|---|
| #1 | NVIDIA CORP (NVDA) - 8.79% | MERCADOLIBRE INC (MELI) - 21.29% |
| #2 | APPLE INC (AAPL) - 7.38% | YPF SA ADR (YPF) - 9.92% |
| #3 | ALPHABET INC CLASS A (GOOGL) - 6.19% | VISTA ENERGY SAB DE CV ADR (VIST) - 6.52% |
| #4 | AMAZON.COM INC (AMZN) - 3.80% | GRUPO FINANCIERO GALICIA SA ADR (GGAL) - 6.27% |
| #5 | BROADCOM INC (AVGO) - 3.74% | BANCO MACRO SA ADR (BMA) - 4.74% |
| #6 | MICRON TECHNOLOGY INC (MU) - 2.40% | PAMPA ENERGIA SA ADR (PAM) - 4.22% |
| #7 | META PLATFORMS INC CLASS A (META) - 2.22% | TRANSPORTADORA DE GAS DEL SUR SA ADR (TGS) - 3.87% |
| #8 | TESLA INC (TSLA) - 1.79% | LITHIUM ARGENTINA AG (n/a) - 3.60% |
| #9 | ELI LILLY AND CO (LLY) - 1.75% | CENTRAL PUERTO SA ADR REP 10 SHS (CEPU) - 3.57% |
| #10 | BERKSHIRE HATHAWAY INC CLASS B (BRK-B) - 1.73% | BANCO BBVA ARGENTINA SA ADR (BBAR) - 3.54% |
| #11 | JPMORGAN CHASE & CO (JPM) - 1.58% | FORTUNA MINING CORP (n/a) - 3.23% |
| #12 | LAM RESEARCH CORP (LRCX) - 1.48% | TELECOM ARGENTINA SA ADR (TEO) - 3.15% |
| #13 | SANDISK CORP ORDINARY SHARES (SNDK) - 1.47% | EMBOTELLADORA ANDINA SA PARTICIPATING PREFERRED (n/a) - 3.14% |
| #14 | APPLIED MATERIALS INC (AMAT) - 1.43% | SSR MINING INC (n/a) - 3.02% |
| #15 | JOHNSON & JOHNSON (JNJ) - 1.33% | ARCOS DORADOS HOLDINGS INC CLASS A (ARCO) - 2.94% |
| #16 | KLA CORP (KLAC) - 1.26% | CENCOSUD SA (n/a) - 2.56% |
| #17 | SEAGATE TECHNOLOGY HOLDINGS PLC (STX) - 1.25% | CORPORACION AMERICA AIRPORTS SA (CAAP) - 2.39% |
| #18 | WESTERN DIGITAL CORP (WDC) - 1.20% | UNITED BREWERIES CO INC (n/a) - 2.03% |
| #19 | CORNING INC (GLW) - 1.20% | LOMA NEGRA CIA INDUSTRIA ARGENTINA SA ADR (LOMA) - 1.78% |
| #20 | EXXON MOBIL CORP (XOM) - 1.18% | EMPRESA DISTRIBUIDORA Y COMERCIALIZADORA NORTE SA ADR (EDN) - 1.75% |
| #21 | COHERENT CORP (COHR) - 1.13% | GRUPO SUPERVIELLE SA ADR (SUPV) - 1.72% |
| #22 | WALMART INC (WMT) - 1.09% | IRSA INVERSIONES Y REPRESENTACIONES SA DR (IRS) - 1.54% |
| #23 | CIENA CORP (CIEN) - 1.07% | CRESUD SACIF Y A ADR (CRESY) - 1.53% |
| #24 | LUMENTUM HOLDINGS INC (LITE) - 1.01% | ADECOAGRO SA (AGRO) - 1.27% |
| #25 | n/a (n/a) - 0.98% | CHILEAN PESO (n/a) - 0.39% |
| Total Holdings | 139 | 28 |
FDMO vs ARGT - Historical Returns
Returns include dividend reinvestment.
FDMO vs ARGT - Annual Returns (2011 - 2026)
Returns include dividend reinvestment.
| Year | FDMO | ARGT |
|---|---|---|
| 2026 | +15.65% | +7.68% |
| 2025 | +21.00% | +5.39% |
| 2024 | +34.43% | +67.16% |
| 2023 | +25.71% | +57.32% |
| 2022 | -19.61% | +11.81% |
| 2021 | +23.81% | +5.60% |
| 2020 | +20.80% | +14.01% |
| 2019 | +25.42% | +14.01% |
| 2018 | -4.72% | -33.83% |
| 2017 | +23.58% | +49.85% |
| 2016 | +1.88% | +30.04% |
| 2015 | N/A | -1.88% |
| 2014 | N/A | -2.30% |
| 2013 | N/A | +10.32% |
| 2012 | N/A | -21.40% |
| 2011 | N/A | -28.88% |
FDMO vs ARGT Drawdown Comparison
The maximum drawdown for FDMO was -33.93%, occurring on Mar 23, 2020. Recovery took 115 trading sessions.
The maximum drawdown for ARGT was -61.68%, occurring on Mar 23, 2020. Recovery took 1246 trading sessions.
The current ARGT drawdown is -4.67%.
| Rank | FDMO | ARGT |
|---|---|---|
| #1 | -33.93% Feb 19, 2020 - Aug 3, 2020 | -61.68% Jan 26, 2018 - Jan 9, 2023 |
| #2 | -25.44% Nov 8, 2021 - Dec 27, 2023 | -50.53% Apr 5, 2011 - May 5, 2017 |
| #3 | -21.88% Feb 18, 2025 - Jun 24, 2025 | -28.46% May 19, 2025 - Nov 3, 2025 |
| #4 | -21.72% Oct 1, 2018 - Jun 10, 2019 | -21.27% Jan 7, 2025 - May 9, 2025 |
| #5 | -12.22% Jan 28, 2026 - Apr 17, 2026 | -19.55% Sep 1, 2023 - Nov 24, 2023 |
| #6 | -12.15% Feb 12, 2021 - Apr 26, 2021 | -16.93% Jan 27, 2026 - Mar 13, 2026 |
| #7 | -10.43% Jan 26, 2018 - Jun 4, 2018 | -15.62% May 20, 2024 - Aug 30, 2024 |
| #8 | -10.22% Jul 16, 2024 - Sep 19, 2024 | -13.79% Jan 26, 2023 - Apr 17, 2023 |
| #9 | -9.90% Sep 2, 2020 - Oct 12, 2020 | -10.86% May 16, 2017 - Sep 13, 2017 |
| #10 | -8.92% Oct 13, 2020 - Nov 30, 2020 | -10.32% Nov 3, 2025 - Jan 22, 2026 |
| #11 | -7.65% Apr 27, 2021 - Jun 25, 2021 | -8.89% Jan 26, 2024 - Mar 21, 2024 |
| #12 | -7.34% Oct 29, 2025 - Jan 5, 2026 | -8.29% Dec 16, 2024 - Jan 2, 2025 |
| #13 | -6.89% Mar 21, 2024 - May 9, 2024 | -7.81% Nov 6, 2017 - Dec 8, 2017 |
| #14 | -6.70% Jul 15, 2019 - Dec 20, 2019 | -7.65% Apr 11, 2024 - Apr 30, 2024 |
| #15 | -5.75% Jun 2, 2026 - Jun 15, 2026 | -7.64% Apr 17, 2023 - Jun 5, 2023 |
Correlation
Correlation between FDMO and ARGT is 0.93 which considered as a very strong positive correlation - the stocks move almost identically together.
Dividend Comparison (2011 - 2026)
FDMO vs ARGT dividend yield comparison.
| Year | FDMO | ARGT |
|---|---|---|
| 2026 | 0.12% | 0.00% |
| 2025 | 0.61% | 0.84% |
| 2024 | 0.90% | 1.41% |
| 2023 | 0.87% | 1.59% |
| 2022 | 1.19% | 2.45% |
| 2021 | 0.60% | 0.93% |
| 2020 | 0.77% | 0.28% |
| 2019 | 1.23% | 1.21% |
| 2018 | 1.22% | 1.34% |
| 2017 | 1.09% | 0.49% |
| 2016 | 0.45% | 0.36% |
| 2015 | 0.00% | 0.89% |
| 2014 | 0.00% | 0.47% |
| 2013 | 0.00% | 0.62% |
| 2012 | 0.00% | 1.05% |
| 2011 | 0.00% | 2.80% |
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