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Launched · SEC filings

Virtus Terranova U.S. Quality Momentum ETF

JOETNYSE ArcaVirtusB

$45.03−0.26 (−0.57%)

At close: Nov 2, 2026, 4:00 PM ET

B61/ 100

Rank 39 of 99 in US Multifactor

B61/100Rank 39 of 99inUS Multifactor
Intraday session: down, 79 prints from 45.29 to 45.03. Range 45.03 to 45.67. Use the arrow keys to read each point.45.2045.4045.6010 AM12 PM2 PM4 PM
Expense ratio
0.29%
Fund size
$238M
1Y total return
+6.6%
Yield · Last 12 months
0.61%
Holdings
125
Avg volume · 30D
20.7K sh
52W range
low $38.80high $47.46
Launched
Filings
SEC EDGAR

The ETF.net JOET Grade

B

Score 61 out of 100

Category
US Multifactor⁠
Rank
39 of 99
Six-pillar profile for JOET. Scores out of 100: Cost 55, Risk 41, Mission 97, Tradability 33, Holdings 73, Durability 41. Strongest: Mission (97). Weakest: Tradability (33). Leans toward Mission.

Score 61 of 100 falls in the B band. A is 70 or higher, B 55 to under 70, C 40 to under 55, D 25 to under 40, F under 25.

  • Cost

    The fund’s net expense ratio, ranked against its category.
    B55 out of 100
    Rank 40 of 99

  • Mission

    Whether the fund did what it promised, tested against its stated mandate.
    A97 out of 100
    Rank 11 of 87

  • Risk

    How the fund held up when markets fell: downside volatility, drawdowns and tail loss.
    C41 out of 100
    Rank 59 of 99

  • Tradability

    How easy the fund is to trade: daily volume, and how far its price strays from net asset value.
    D33 out of 100
    Rank 70 of 99

  • Holdings

    How concentrated the fund is, and how complete and current its disclosed holdings are.
    A73 out of 100
    Rank 23 of 98

  • Durability

    Whether the fund is likely to stay open, judged by its age, its assets and its issuer’s assets.
    C41 out of 100
    Rank 70 of 99

Our read on JOET

ETF.net Research

In short

BA CNBC regular's playbook in ETF form. Joe Terranova's index screens large U.S. companies for quality fundamentals and positive price momentum, then equal-weights the roughly 200 survivors so no mega-cap runs the show.

Stated mandate

The Fund seeks to track, before fees and expenses, the price and yield performance of the Terranova U.S. Quality Momentum Index.

Why people hold it

  • Two screens, not one: names must clear quality fundamentals and show positive momentum, and the index is rebuilt quarterly so the momentum reading stays current.virtus.comvirtus.com 2
  • Equal weighting spreads roughly 200 positions evenly, so the portfolio never leans on a few trillion-dollar names the way cap-weighted large-cap funds do.virtus.com
  • At 0.29% a year, the fee sits within a hair of the typical U.S. factor ETF, so the rules-based twist isn't priced as a boutique product.
  • No black box: Terranova built the methodology from his own 30-plus years on Wall Street, Indxx calculates the index, and the rules are published.virtus.com

Worth knowing

  • A modestly sized fund that trades lightly next to headline factor ETFs, so spreads can be wider and limit orders are the usual way to handle that.
  • Single-factor peers cost less (SIZE at 0.15%, MGV at 0.05%), though neither stacks a momentum screen on top of quality.
  • Quarterly refreshes mean the lineup turns over as market leadership rotates, and the ride has been bumpier than the typical U.S. factor ETF.virtus.com

JOET Holdings

Holdings pillarA73 out of 100Rank 23 of 98 in US Multifactor
Asset class
Stocks
Holdings
125
Top-10 weight
10%
Largest holding
OKTA1.3%

Sectors

  • Technology28.6%
  • Industrials16.0%
  • Financials13.9%
  • Health Care13.0%
  • Energy11.5%
  • Consumer Discretionary6.0%
  • Materials2.5%
  • Consumer Staples2.4%
  • Utilities2.3%
  • Communication2.1%
  • Real Estate1.4%

Geography

  • United States96.86%
  • Switzerland1.67%
  • China0.82%
  • Brazil0.65%
The fund’s holdings, weight-ordered — page 1 of 9.
#TickerCompanyWeight %SharesMarket valueHeld by ETFs
1OKTAOkta Inc1.28%16,365$3.63M262
2COPConocoPhillips1.03%19,540$2.93M444
3HPEHewlett Packard Enterprise Co1.01%48,903$2.88M394
4AAgilent Technologies Inc1.01%15,862$2.87M319
5No dataCash/Cash equivalents1.00%2,828,328$2.83M24
6LNGCheniere Energy Inc0.99%8,842$2.82M279
7NTAPNetApp Inc0.98%12,775$2.79M417
8MRVLMarvell Technology Inc0.98%12,779$2.79M478
9WATWaters Corp0.98%5,803$2.79M284
10AMDAdvanced Micro Devices Inc0.98%4,906$2.78M638
11WSTWest Pharmaceutical Services Inc0.97%6,618$2.76M294
12GILDGilead Sciences Inc0.97%16,597$2.75M494
13NEMNewmont Corp0.96%24,357$2.72M442
14DVNDevon Energy Corp0.94%52,257$2.67M357
15XOMExxonMobil Holdings Corp0.94%14,559$2.67M525

Showing 1–15 of 125 holdings

JOET Performance

Launched Nov 17, 2020

Shows how $10,000 changes over the selected period, with cash distributions reinvested at the closing price on each ex-dividend date.

Not enough history yet.
JOET$10,665
SPY tracks large US stocks. It provides market context, rather than representing this fund’s strategy, asset class or investment benchmark.$11,199
Oct 31, 2025 to Oct 30, 2026. JOET $10,665. SPY $11,199. Use the arrow keys to read each point.$9,000$10,000$11,000Oct 2025Apr 2026Oct 2026

Oct 31, 2025 – Oct 30, 2026

Returns run to the Oct 30, 2026 close, with cash distributions reinvested. Each period starts on the same date that many months or years earlier. Periods over one year show the average yearly return.

Trailing total return for JOET. Periods over one year show the average yearly return.
PeriodJOET
Year to date+7.8%
1 month+0.6%
3 months−0.5%
1 year+6.6%
3 yearsper year+20.4%
5 yearsper year+8.1%
10 yearsFund is under 10 years oldper yearNo data

With distributions reinvested.

Calendar-year total return with cash distributions hypothetically reinvested at the ex-dividend date’s closing price. The current year shows year to date.

Annual total returns for JOET
YearReturn barJOET
2026 YTD+7.8%
2025+11.9%
2024+24.0%
2023+16.4%
2022−18.0%
2021+26.8%
2020+5.2%

History from Nov 19, 2020

JOET in the news

JOET Dividends

Adds up every distribution paid per share over the last 12 months, divided by the last completed close. Distributions are counted by ex-date. Data through Oct 30, 2026.
0.61%Last 12 months
Payout per share
$0.27Last 12 months
Last payment
$0.27 per share
Paid on
Shares bought on or after this date do not qualify for this distribution.
Frequency
Annual

Distribution history

2020–2026

One bar per payment. 6 payments from 2020 to 2026 YTD. Dec 21, 2020 $0.02; Dec 20, 2021 $0.14; Dec 20, 2022 $0.33; Dec 20, 2023 $0.41; Dec 20, 2024 $0.27; Dec 22, 2025 $0.27. Use the arrow keys to read each point.2020202120222023202420252026YTD
Ex-datePay dateAmount per share
Dec 22, 2025Dec 29, 2025$0.27
Dec 20, 2024Dec 27, 2024$0.27
Dec 20, 2023Dec 29, 2023$0.41
Dec 20, 2022Dec 29, 2022$0.33
Dec 20, 2021Dec 29, 2021$0.14
Dec 21, 2020Dec 30, 2020$0.02

$10,000 in JOET 5 years ago paid $434 in dividends.

JOET Risk

Risk pillarC41 out of 100Rank 59 of 99 in US Multifactor
How much the fund’s monthly returns vary, scaled to a year.
14.1%
Annualised · 36 months to Oct 2026
How it’s calculated: standard deviation

The sample standard deviation of monthly total returns, multiplied by the square root of 12.

Uses up to 36 complete months, with at least 12 required. Total returns include reinvested distributions.

Return above 3-month US Treasury bills per unit of volatility.
1.08
vs 3-month T-bills · to Oct 2026
How it’s calculated: Sharpe ratio

Subtract each month’s Treasury-bill return from the fund’s monthly total return.

Divide the average of those excess returns by their sample standard deviation, then multiply by the square root of 12.

Uses up to 36 complete months, with at least 12 required. Each month uses the Treasury yield quoted at the end of the previous month.

The largest fall from a peak to the low that followed.
−26.6%
Trough Jun 2022
How it’s calculated: maximum drawdown

The largest percentage decline from an earlier peak, using total returns with reinvested distributions.

Uses up to five years through the last close, with at least 12 months required.

How strongly the fund’s returns move with its asset-class index.
1.02
vs its asset-class index
How it’s calculated: beta

The beta figure is supplied by FMP. The comparison index depends on the fund’s broad asset class.

FMP measures it over up to five years of monthly returns.

JOET Cost

Compare JOET and VYM

Overpaying vs VYM, tied cheapest in US Multifactor

$5,103

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

  • JOET 0.29%

    $5,952

  • VYM 0.04% Tied cheapest

    $849

$10,000
30 years

Cost over time

  • JOET 0.29%
  • VYM 0.04%
  • Overpaying
One line per fund, from year 0 to year 30. Use the arrow keys to read each point.$0$2K$4K$6K051015202530JOET $5,952VYM $849

Year by year

YearJOETVYMOverpaying
10$527$73$454
20$2,044$288$1,756
30$5,952$849$5,103

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