JOET
Virtus Terranova US Quality Momentum ETF
JOET tracks an equal-weighted index of large-cap stocks in the US displaying quality fundamental and technical attributes.
US
EQUITY
Passive
MANAGEMENT STYLE
134.1 M
ASSETS UNDER MGMT
29 bp
EXPENSES
Fund Basics
| Fund sponsor | Virtus Investment Partners |
| Category | US |
| Asset class | Equity |
| Website | link... |
| Inception date | Nov 17, 2020 |
| Assets (mns) | $134 |
| Expense ratio | 29 bp |
| Currency | USD |
Sector Breakdown
Fund Structure
| Regulation | Open-Ended Fund |
| Distributions | Annually |
| Taxation | 1099 |
| Stock selection | Multi-Factor |
| Weighting | Equal |
| Holdings Transparency | Full |
| Derivatives-based | No |
| Options available | Yes |
| Currency hedged | No |
| Fund of funds | No |
Top 10 Holdings
| NVIDIA CORP | 1.1 % |
| TYLER TECHNOLOGIES INC | 1.1 % |
| MONOLITHIC POWER SYSTEMS INC | 1.1 % |
| NVR INC | 1.0 % |
| ARISTA NETWORKS, INC. | 1.0 % |
| PALANTIR TECHNOLOGIES INC. CLASS A | 1.0 % |
| KLA CORPORATION | 1.0 % |
| NORTONLIFELOCK INC | 1.0 % |
| GARMIN LTD | 1.0 % |
| BROADCOM INC. | 1.0 % |
Constituent Breakdown
| Number of holdings | 125 |
| Herfindahl-Hirschman Index | 80 |
| Wgt avg mkt cap (mns) | $153,095 |
| Large cap (>$10bn) | 100.0% |
| Mid cap ($2-10bn) | 0.0% |
| Small cap (<$2bn) | 0.0% |
| Developed mkts. | 98.9% |
| Emerging mkts. | 1.1% |
Country Exposure
 |
UNITED STATES | 87.2 % |
 |
IRELAND | 3.3 % |
 |
SWITZERLAND | 2.6 % |
 |
ARGENTINA | 1.0 % |
 |
NETHERLANDS | 0.9 % |
 |
CAYMAN ISLANDS | 0.9 % |
 |
ISRAEL | 0.9 % |
 |
BERMUDA | 0.8 % |
 |
CANADA | 0.6 % |
Historical Performance
Standardized Performance (as of 10/31/2024)
| YTD | 1 YR | 2 YR | 3 YR | 5 YR | 10 YR | Incep. | |
|---|---|---|---|---|---|---|---|
| Total Returns | 16.3% | 35.7% | 16.6% | 4.7% | -- | -- | 10.1% | Volatility | 13.9% | 13.9% | 14.4% | 18.1% | -- | -- | -- |
Market Correlations
| versus... | Beta | R-squared |
| S&P 500 | 1.03 | 94% |
| MSCI EAFE | 0.88 | 73% |
| MSCI Emg Mkts | 0.65 | 38% |
Liquidity Measures
| Avg. volume (000) | 32 |
| Turnover | 0.9% |
| Avg. Bid/Ask (% of price) | 0.16% |
| ADV of underlying (mns) | $125,717 |
Technical Indicators
| Recent close | $39.44 |
| 30d moving avg. | $37.22 |
| Annualized volatility | 18.4% |
| Relative strength (RSI) | 53 |
| Short interest (ETF) | 1.1% |
| Short interest (underlying) | 2.0% |
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. JOET |
Expenses vs. JOET |
ALTAR Score™ vs. JOET |
|---|---|---|---|---|
| CHGX | AXS Change Finance ESG ETF | 34.7% | +20 bp | +0.6% |
| RPG | Invesco S&P 500 Pure Growth ETF | 32.9% | +6 bp | -1.3% |
| JMOM | JPMorgan U.S. Momentum Factor ETF | 32.8% | -17 bp | -0.2% |
| QQQE | Direxion NASDAQ-100 Equal Weighted Index Shares | 30.9% | +6 bp | -0.1% |
| SPGP | Invesco S&P 500 GARP ETF | 30.9% | +5 bp | +3.2% |
| ROE | Astoria US Quality Kings ETF | 30.7% | +20 bp | +2.5% |
| QQEW | First Trust Nasdaq-100 Equal Weighted Index Fund | 30.6% | +29 bp | +0.3% |
| SPHB | Invesco S&P 500 High Beta ETF | 29.4% | -4 bp | -1.2% |
| JQUA | JPMorgan U.S. Quality Factor ETF | 29.4% | -17 bp | +1.1% |
| FDMO | Fidelity Momentum Factor ETF | 29.0% | -14 bp | -0.8% |
Risk and Returns: JOET 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
| 2019 | 2020 | 2021 | 2022 | 2023 | 2024E | 2025E | ||
|---|---|---|---|---|---|---|---|---|
| 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
| 2023 | 2024E | Fwd Est | 2025E | |
| 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 11/20/2024
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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
JOET
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
UNDERWEIGHT
Below average appreciation potential. A rating of UNDERWEIGHT is assigned to ETFs with ALTAR Scores in the 2nd quintile (ranking higher than only 20%-40%) of their category. Typically, funds in this category consist of stocks trading at relatively expensive valuations and/or having below-average fundamentals.
ALTAR Score™
JOET
4.7%
Cat. Avg
5.4%
ALTAR Score™ Calculation
Category Overview
There are 973 funds in the US Equity category, with an average ALTAR Score™
of 5.4% and a standard deviation of
2.4%. JOET's ALTAR Score™ is approximately
0.3 standard deviations
below
the category average. This places JOET in the 39th percentile among funds in the category.
Sell Side Consensus Rating
Sell-side recommendations on the ETF's individual constituents
JOETSELL
U/W
HOLD
O/W
BUY
Expense Analysis
| Peer Group | Passive US Equity ETFs |
| # of ETFs | 192 |
| Avg. Expense Ratio | 31.0 bp |
| Std. Deviation | 25.7 bp |
| JOET (29 bp) Percentile rank | 46 |
Peer Group Expense Ratio Distribution
Total Cost of Ownership (TCO) Comparison
| Expense (bp) (A) |
Avg. Bid/Ask (bp) (B) |
TCO (bp) (A)+(B) |
|
|---|---|---|---|
| JOET | 29.0 | 16.4 | 45.4 |
| Peer Avg. | 20.9 | 9.1 | 29.9 |
For a detailed cost analysis of this and any other ETF use the TCO Comparison Tool .