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JOET

GradeCNew York Stock Exchange Arca

Virtus Terranova U.S. Quality Momentum ETF

Virtus · Inception 2020-11-17

$45.48−0.15 (−0.33%)

As of Sep 23, 2026, 3:10 PM EDT

Intraday session: down, 66 prints from 45.63 to 45.48. Range 45.43 to 45.60. Use the arrow keys to read each point.$45.45$45.50$45.55$45.6010 AM12 PM2 PM4 PM
Expense ratio
0.29%
Fund size
$253M
1Y return
+13.7%
Yield · Last 12 months
Data unavailable
Holdings
198
Volume · 30D
0M sh
NAV per share
$47.32
52W range
low $38.80high $47.46

The ETF.net JOET Grade

C

48/ 100

Confidence Medium

Six-pillar profile for JOET. Scores out of 100: Cost 52, Risk 40, Mission not scored, Tradability 27, Holdings 86, Durability 37. Strongest: Holdings (86). Weakest: Tradability (27). Based on 5 of 6 pillars.
F< 25
D≥ 25
C≥ 40
B≥ 55
A≥ 70

Score 48 of 100 sits in the C band. Bands: A ≥ 70, B ≥ 55, C ≥ 40, D ≥ 25, F < 25; the scale skips E.

  • Cost

    What you pay to own it — the expense ratio plus trading frictions, ranked within its category.
    CScore 52
    —

  • Mission

    How faithfully it does the job it claims — tracking its mandate or index with minimal slippage.
    Not scored
    —

  • Risk

    How violently it can move — volatility, drawdown depth, and downside capture versus its category.
    CScore 40
    —

  • Tradability

    How cheaply and easily you can get in and out — liquidity, spread, and premium/discount stability.
    DScore 27
    —

  • Holdings

    What it actually owns — the quality, breadth, and concentration of the underlying portfolio.
    AScore 86
    —

  • Durability

    Whether it will still be here — the fund’s assets, age, flows, and issuer staying power.
    DScore 37
    —

Graded as of Aug 18, 2026 · Based on 5 of 6 pillars

Our read on JOET

ETF.net Research

CA 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

  1. 01Two 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. 02Equal 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
  3. 03At 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.
  4. 04No 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

  1. 01A 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.
  2. 02Single-factor peers cost less (SIZE at 0.15%, MGV at 0.05%), though neither stacks a momentum screen on top of quality.
  3. 03Quarterly 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

As of Aug 19, 2026, 3:00 AM
Asset class
Stocks
Holdings
198
Top-10 weight
10%
Largest holding
GLW1.1%

Sectors

  • Technology27.4%
  • Industrials17.3%
  • Financials14.7%
  • Health Care11.7%
  • Energy10.7%
  • Consumer Discr.6.4%
  • Communication3.2%
  • Cons. Staples2.4%
  • Materials2.3%
  • Utilities2.3%
  • Real Estate1.5%

Geography

  • United States91.93%
  • Singapore1.03%
  • Switzerland1.66%
  • Ireland3.18%
  • Brazil0.78%
  • United Kingdom0.72%
The fund’s holdings, weight-ordered — page 1 of 2.
#TickerCompanyWeight %SharesMarket valueIn ETFs
001GLWCorning Inc1.05%—$3M279
002MRVLMarvell Technology Inc1.03%—$3M340
003STXSeagate Technology Holdings PLC1.02%—$3M322
004NEMNewmont Corp1.01%—$3M328
005LRCXLam Research Corp0.98%—$2M435
006HPEHewlett Packard Enterprise Co0.97%—$2M283
007MUMicron Technology Inc0.94%—$2M465
008PWRQuanta Services Inc0.94%—$2M275
009GRMNGarmin Ltd0.93%—$2M245
010FOXAFox Corp0.92%—$2M256
011ANETArista Networks Inc0.91%—$2M361
012APHAmphenol Corp0.91%—$2M338
013KEYSKeysight Technologies Inc0.91%—$2M286
014ETNEaton Corp PLC0.90%—$2M172
015PANWPalo Alto Networks Inc0.90%—$2M374

Showing 1–15 of 30 holdings

JOET Performance

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

Performance data is unavailable.

Returns run to the last market 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 dateHistory unavailable—
1 monthHistory unavailable—
3 monthsHistory unavailable—
1 yearHistory unavailable—
3 yearsHistory unavailable—per year
5 yearsHistory unavailable—per year
10 yearsHistory unavailable—per year

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 return data is unavailable.

JOET in the news

ETF.net Research hasn’t filed on JOET yet — coverage lands here as it’s written.

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 unavailableLast 12 months
Payout per share
Data unavailableLast 12 months

Distribution data unavailable.

JOET Risk

How much the fund’s monthly returns vary, scaled to a year.
—
No data available
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.
—
No data available
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.
—
No data available
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.

JOET Cost

Expense Ratio
0.29%