IMCV vs JOET: Grades, Fees and Holdings Compared

iShares Morningstar Mid-Cap Value ETF

IMCVANasdaq

Virtus Terranova U.S. Quality Momentum ETF

JOETBNYSE Arca

Overlap

21.5%by weight

Expense ratio

IMCV −0.23pt a year

IMCV0.06%JOET0.29%

Avg volume · 30D

IMCV 1.9×the volume

IMCV38.9KJOET20.7K

5Y return · a year

IMCV +2.9pt

IMCV+11.0%JOET+8.1%

IMCV vs JOET Performance

Oct 29, 2021 – Oct 30, 2026

+68.3%IMCV+47.5%JOET

Expense ratio: IMCV 0.06%, better; JOET 0.29%
Fund size: IMCV $1.27B; JOET $238M
1Y total return: IMCV +27.0%, better; JOET +6.6%
Yield (12M): IMCV 1.84%, better; JOET 0.61%
Holdings: IMCV 271; JOET 125
Avg volume (30D): IMCV 38.9K sh, better; JOET 20.7K sh
NAV per share: IMCV $99.16; JOET $46.16
52W range

ETF.net Grade

Pillar letters and Scores for IMCV, JOET, with each pillar’s weight
Pillar	IMCV	JOET
Cost30% weight	A96Higher	B55
Mission25% weight	A76	A97Higher
Risk15% weight	A77Higher	C41
Tradability15% weight	B69Higher	D33
Holdings10% weight	B69	A73Higher
Durability5% weight	A77Higher	C41

Rank among US Multifactor funds

How we build Categories ›

Same Category. IMCV and JOET are both graded against the same 99 US Multifactor funds, so their Grades compare head to head.

US Multifactor⁠

Category · 99 funds

See all 99 ›

IMCV ranks 4th and JOET 39th of 99 funds in the US Multifactor Category.

Rank 1AVONVVanguard Russell 1000 Value ETFScore 85
Rank 2AILCViShares Morningstar Value ETFScore 81
Rank 2AVYMVanguard High Dividend Yield ETFScore 81
Rank 4AIMCViShares Morningstar Mid-Cap Value ETFScore 80
Rank 5ADCORU.S. Core Equity 1 Portfolio ETF Class SharesScore 79
Rank 38BSPGPInvesco S&P 500 GARP ETFScore 62
Rank 39BJOETVirtus Terranova U.S. Quality Momentum ETFScore 61
Rank 40BJPSEJPMorgan Diversified Return U.S. Small Cap Equity ETFScore 60

Our read on each fund

ETF.net Research

IMCVAiShares Morningstar Mid-Cap Value ETF

JOETBVirtus Terranova U.S. Quality Momentum ETF

In short

IMCV No data

JOET A 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

IMCV No data

JOET 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

IMCV No data

JOET 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.com virtus.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

IMCV No data

JOET 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

Full IMCV profile⁠

Full JOET profile⁠

IMCV vs JOET Holdings

How IMCV and JOET differ

Overlap by weight

21.5%

Shared holdings make up 40.8% of JOET and 22.8% of IMCV.

Level by level

Holdings50 in both21.5%
Sector11 Sectors74.1%
Countryby domicile97.4%
Asset classEquity100%

Sector

Sector weights in IMCV and JOET, widest gap first
Sector	More in IMCVMore in JOET	IMCV	JOET
Technology	JOET +22.1 points	6.5%	28.6%
Utilities	IMCV +6.7 points	9.0%	2.3%
Consumer Staples	IMCV +6.3 points	8.7%	2.4%
Financials	IMCV +4.6 points	18.5%	13.9%
Real Estate	IMCV +3.1 points	4.6%	1.4%
Materials	IMCV +2.4 points	5.0%	2.5%
Energy	IMCV +1.9 points	13.4%	11.5%
Industrials	JOET +1.8 points	14.2%	16.0%
Communication	JOET +1.1 points	1.1%	2.1%
Consumer Discretionary	IMCV +0.9 points	6.9%	6.0%
Health Care	JOET +0.9 points	12.2%	13.1%

Country, concentration and asset class

Country by domicile

Country weights in IMCV and JOET, widest gap first
Country	More in IMCVMore in JOET	IMCV	JOET
United States	IMCV +1.8 points	98.7%	96.9%
Switzerland	JOET +1.5 points	0.2%	1.7%
Brazil	JOET +0.7 points	0.0%	0.7%
Other countries (3)	IMCV +0.3 points	1.1%	0.8%

Concentration

Weight in the 10 largest Holdings

IMCV13.2%
JOET10.3%

Securities held

IMCV268
JOET124

Asset class

IMCV: Equity
JOET: Equity

Holdings

Only in IMCV218
In both50
Only in JOET74

Only in IMCV

218 securities, 77.1% of IMCV by weight

Automatic Data Processing Inc1.60%
Valero Energy Corp1.57%
Phillips 661.54%
Us Bancorp1.27%
Pnc Financial Services Group1.24%
3M1.23%
Elevance Health Inc1.20%
Mondelez International Class A1.14%
United Parcel Service Inc Class B1.11%
Moderna1.08%
General Motors1.05%
Cigna1.04%
Target Corp0.96%
Marathon Petroleum0.88%
Truist Financial0.82%
Marsh0.82%
Sempra0.77%
Dominion Energy0.77%
Aflac0.76%
Becton Dickinson0.74%
Metlife0.73%
Paccar Inc0.69%
Colgate-Palmolive0.69%
Xcel Energy Inc0.68%
PayPal Holdings0.67%
Keurig Dr Pepper Inc0.66%
Ford Motor Co0.66%
Strategy Inc Class A0.65%
Exelon Corp0.65%
Northrop Grumman Corp0.64%
Occidental Petroleum Corp0.64%
Nike Class B0.62%
Iqvia Holdings Inc0.60%
Norfolk Southern Corp0.59%
American Electric Power Inc0.56%
American International Group0.56%
Prudential Financial Inc0.55%
Sysco0.54%
Crh Public Limited PLC0.53%
Workday Class A0.53%
Bank of New York Mellon Corp0.52%
Air Products and Chemicals0.52%
Kroger0.52%
Crown Castle Inc0.52%
Illinois Tool Inc0.52%
Biogen0.51%
D R Horton0.50%
Emerson Electric0.49%
Kimberly Clark0.49%
Paychex0.49%

Only in JOET

74 securities, 58.2% of JOET by weight

Okta Inc1.28%
ConocoPhillips1.03%
Marvell Technology Inc0.98%
Advanced Micro Devices Inc0.98%
West Pharmaceutical Services Inc0.97%
Gilead Sciences Inc0.97%
Newmont Corp0.96%
ExxonMobil Holdings Corp0.94%
Palo Alto Networks Inc0.94%
Analog Devices Inc0.93%
Amgen Inc0.92%
Amphenol Corp0.90%
QUALCOMM Inc0.89%
Micron Technology Inc0.89%
Edwards Lifesciences Corp0.89%
Eli Lilly & Co0.89%
Texas Instruments Inc0.88%
Vertex Pharmaceuticals Inc0.86%
Airbnb Inc0.85%
Arista Networks Inc0.85%
NVIDIA Corp0.85%
Quanta Services Inc0.85%
Keysight Technologies Inc0.85%
Walmart Inc0.84%
Datadog Inc0.83%
Amazon.com Inc0.83%
Coca-Cola Co/The0.83%
AMETEK Inc0.82%
Cencora Inc0.81%
Apple Inc0.81%
Corning Inc0.80%
Eaton Corp PLC0.80%
IDEXX Laboratories Inc0.79%
Chubb Ltd0.78%
Enterprise Products Partners LP0.78%
Cadence Design Systems Inc0.78%
Linde PLC0.77%
WW Grainger Inc0.77%
Waste Management Inc0.76%
American Express Co0.76%
Welltower Inc0.75%
Monster Beverage Corp0.74%
Lam Research Corp0.74%
General Dynamics Corp0.74%
GE Vernova Inc0.74%
Cisco Systems Inc0.74%
Seagate Technology Holdings PLC0.73%
Parker-Hannifin Corp0.73%
Monolithic Power Systems Inc0.73%
Westinghouse Air Brake Technologies Corp0.73%

Weight gaps

All 50 Holdings in both funds, largest gap first.

Holding weights in IMCV and JOET, widest gap first
Holding	More in IMCVMore in JOET	IMCV	JOET
Waters CorpWAT	JOET +0.79 points	0.19%	0.98%
Expeditors International of WashinEXPD	JOET +0.74 points	0.17%	0.91%
Fox Class AFOXA	JOET +0.71 points	0.17%	0.88%
GarminGRMN	JOET +0.67 points	0.20%	0.87%
Agilent Technologies IncA	JOET +0.66 points	0.35%	1.01%
Teledyne TechnologiesTDY	JOET +0.66 points	0.16%	0.82%
Netapp IncNTAP	JOET +0.64 points	0.34%	0.98%
Williams Sonoma IncWSM	JOET +0.63 points	0.23%	0.86%
CorpayCPAY	JOET +0.63 points	0.18%	0.81%
Steel Dynamics IncSTLD	JOET +0.63 points	0.14%	0.77%
Cincinnati FinancialCINF	JOET +0.58 points	0.20%	0.78%
Ferguson EnterprisesFERG	JOET +0.57 points	0.24%	0.81%
First SolarFSLR	JOET +0.58 points	0.11%	0.69%
Northern TrustNTRS	JOET +0.54 points	0.21%	0.75%
Incyte CorpINCY	JOET +0.55 points	0.16%	0.71%
Atmos EnergyATO	JOET +0.54 points	0.21%	0.75%
Zoom Communications Class AZM	JOET +0.53 points	0.31%	0.84%
Raymond JamesRJF	JOET +0.52 points	0.19%	0.71%
Wec Energy GroupWEC	JOET +0.51 points	0.28%	0.79%
Te Connectivity PLCTEL	JOET +0.51 points	0.31%	0.82%
Wr BerkleyWRB	JOET +0.47 points	0.28%	0.75%
Quest Diagnostics IncDGX	JOET +0.46 points	0.38%	0.84%
Ross Stores IncROST	JOET +0.46 points	0.27%	0.73%
Targa ResourcesTRGP	JOET +0.45 points	0.48%	0.93%
Synchrony FinancialSYF	JOET +0.44 points	0.34%	0.78%
HumanaHUM	JOET +0.43 points	0.41%	0.84%
PultegroupPHM	JOET +0.40 points	0.32%	0.72%
State StreetSTT	JOET +0.39 points	0.36%	0.75%
T Rowe Price GroupTROW	JOET +0.39 points	0.30%	0.69%
EbayEBAY	JOET +0.35 points	0.46%	0.81%
Fifth Third BancorpFITB	JOET +0.34 points	0.40%	0.74%
Travelers CompaniesTRV	IMCV +0.34 points	1.13%	0.79%
Regeneron PharmaceuticalsREGN	IMCV +0.33 points	1.25%	0.92%
Diamondback EnergyFANG	JOET +0.32 points	0.53%	0.85%
Huntington Bancshares IncHBAN	JOET +0.30 points	0.42%	0.72%
Allstate CorpALL	JOET +0.29 points	0.45%	0.74%
Arch Capital GroupACGL	JOET +0.29 points	0.48%	0.77%
Eog ResourcesEOG	IMCV +0.28 points	1.19%	0.91%
SlbSLB	IMCV +0.24 points	1.09%	0.85%
Simon Property Group Reit IncSPG	JOET +0.25 points	0.47%	0.72%
Hartford Insurance GroupHIG	JOET +0.22 points	0.50%	0.72%
Consolidated EdisonED	JOET +0.22 points	0.59%	0.81%
United Airlines HoldingsUAL	JOET +0.21 points	0.46%	0.67%
Devon EnergyDVN	JOET +0.16 points	0.78%	0.94%
WilliamsWMB	JOET +0.12 points	0.72%	0.84%
Kinder MorganKMI	IMCV +0.07 points	0.91%	0.84%
Cheniere EnergyLNG	JOET +0.06 points	0.93%	0.99%
OneokOKE	JOET +0.02 points	0.83%	0.85%
Hewlett Packard EnterpriseHPE	JOET +0.01 points	1.00%	1.01%
Delta Air LinesDAL	Same weight	0.72%	0.72%

All 268 IMCV holdings⁠All 198 JOET holdings⁠

How we measure overlap

Each holding counts at its smaller weight in the two funds, summed over the full Holdings. Sector, country and asset class use the same rule on each fund’s split. Cash, FX and derivative lines stay out of the counts. Two bond funds get no overlap figure.

IMCV vs JOET Cost

Overpaying JOET vs IMCV

$4,682

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

IMCV 0.06%
$1,270
JOET 0.29%
$5,952

Amount$10,000

Years30 years

Cost over time

IMCV 0.06%
JOET 0.29%
Overpaying

Year by year

Year	IMCV	JOET	Overpaying
10	$110	$527	$417
20	$432	$2,044	$1,612
30	$1,270	$5,952	$4,682

Expense ratio

0.06%IMCV, cheaper
0.29%JOET

IMCV0.06%JOET0.29%

0.04%1.01%

Middle half of US Multifactor funds
Median 0.29%

IMCV 4th cheapest of 99 funds

JOET 43rd cheapest of 99 funds

IMCV vs JOET Dividends

Last 12 months to Oct 30, 2026

Yield (12M): IMCV 1.84%, better; JOET 0.61%
Payout (12M): IMCV $1.83; JOET $0.27
Last payment: IMCV $0.52; JOET $0.27
Ex-dividend: IMCV Sep 15, 2026; JOET Dec 22, 2025
Paid on: IMCV Sep 18, 2026; JOET Dec 29, 2025
Frequency: IMCV Quarterly; JOET Annual

Distribution history

Per share, 2017 to 2026, same scale for both

IMCVQuarterly · 39 paymentsAll IMCV payments⁠

JOETAnnual · 6 paymentsAll JOET payments⁠

IMCV vs JOET Risk

Fall from peak · 5 years

IMCV
JOET

Risk facts

VolatilityStd dev, 3 years: IMCV 13.6%, betterJOET 14.1%
Return per unit of riskSharpe ratio, 3 years: IMCV 1.22, betterJOET 1.08
Worst fallMax drawdown, 5 years: IMCV −19.9%, betterJOET −26.6%
Market sensitivityBeta, 5 years: IMCV 0.88JOET 1.02; Market = 1

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