JOET vs VONV: Grades, Fees and Holdings Compared

Virtus Terranova U.S. Quality Momentum ETF

JOETBNYSE Arca

Vanguard Russell 1000 Value ETF

VONVANasdaq

Overlap

18.2%by weight

Expense ratio

VONV −0.23pt a year

JOET0.29%VONV0.06%

Avg volume · 30D

VONV 37.4×the volume

JOET20.7KVONV774K

5Y return · a year

VONV +3.6pt

JOET+8.1%VONV+11.7%

JOET vs VONV Performance

Oct 29, 2021 – Oct 30, 2026

+47.5%JOET+73.8%VONV

Expense ratio: JOET 0.29%; VONV 0.06%, better
Fund size: JOET $238M; VONV $23.3B
1Y total return: JOET +6.6%; VONV +28.5%, better
Yield (12M): JOET 0.61%; VONV 1.53%, better
Holdings: JOET 125; VONV 873
Avg volume (30D): JOET 20.7K sh; VONV 774K sh, better
NAV per share: JOET $46.16; VONV $113.44
52W range

ETF.net Grade

Pillar letters and Scores for JOET, VONV, with each pillar’s weight
Pillar	JOET	VONV
Cost30% weight	B55	A96Higher
Mission25% weight	A97	A100Higher
Risk15% weight	C41	A86Higher
Tradability15% weight	D33	B60Higher
Holdings10% weight	A73Higher	C49
Durability5% weight	C41	A93Higher

Rank among US Multifactor funds

How we build Categories ›

Same Category. JOET and VONV 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 ›

VONV ranks 1st 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 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

JOETBVirtus Terranova U.S. Quality Momentum ETF

VONVAVanguard Russell 1000 Value ETF

In short

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.

VONV The plain-vanilla value trade, done cheap: about 900 large US value stocks, full replication of the Russell 1000 Value Index, 0.06% a year. No factor cocktail, no premium price tag, and one of the strongest implementations in its factor peer group.

Stated mandate

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

VONV The fund seeks to track the Russell 1000 Value Index, representing large-capitalization value stocks in the United States. It uses passive indexing and full replication to remain closely aligned with that benchmark.

Why people hold it

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

VONV 0.06% a year, a fraction of the typical fee among factor ETFs. On a rules-based value index there is little room for cleverness, so cost does most of the work.vanguard.com
Full replication, not sampling: it owns the index's roughly 900 names and has stayed tightly aligned with the Russell 1000 Value benchmark since launching in 2010.
Same Russell benchmark as pricier rivals for less: the Goldman MarketBeta version (GVUS) charges 0.12% to track the identical value index.
A multi-billion-dollar fund that trades actively, among the easiest in its group to get in and out of, and it distributes quarterly.

Worth knowing

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

VONV One screen, one style. Value only, with no quality or momentum overlay, so the ride follows the value side of the market wherever it goes.vanguard.com
This is the entire value bucket, not a best-ideas portfolio. About 900 holdings means results hug the large-cap value category rather than stray from it.
Cheaper exists nearby: Vanguard's VYM charges 0.04%, but it screens for dividend yield, a different portfolio than a Russell value index.

Full JOET profile⁠

Full VONV profile⁠

JOET vs VONV Holdings

How JOET and VONV differ

Overlap by weight

18.2%

Shared holdings make up 70.6% of JOET and 30.4% of VONV.

Level by level

Holdings87 in both18.2%
Sector11 Sectors81.6%
Countryby domicile96.9%
Asset classEquity100%

Sector

Sector weights in JOET and VONV, widest gap first
Sector	More in JOETMore in VONV	JOET	VONV
Technology	JOET +6.7 points	28.6%	21.9%
Industrials	JOET +6.5 points	16.0%	9.5%
Energy	JOET +5.3 points	11.5%	6.2%
Consumer Staples	VONV +4.8 points	2.4%	7.2%
Consumer Discretionary	VONV +4.4 points	6.0%	10.4%
Financials	VONV +4.0 points	13.9%	17.9%
Real Estate	VONV +2.0 points	1.4%	3.5%
Communication	VONV +1.2 points	2.1%	3.4%
Utilities	VONV +1.1 points	2.3%	3.4%
Materials	VONV +0.7 points	2.5%	3.3%
Health Care	VONV +0.3 points	13.1%	13.4%

Country, concentration and asset class

Country by domicile

Country weights in JOET and VONV, widest gap first
Country	More in JOETMore in VONV	JOET	VONV
United States	VONV +3.1 points	96.9%	100.0%
Switzerland	JOET +1.7 points	1.7%	0.0%
China	JOET +0.8 points	0.8%	0.0%
Brazil	JOET +0.7 points	0.7%	0.0%

Concentration

Weight in the 10 largest Holdings

JOET10.3%
VONV29.8%

Securities held

JOET124
VONV871

Asset class

JOET: Equity
VONV: Equity

Holdings

Only in JOET37
In both87
Only in VONV784

Only in JOET

37 securities, 28.5% of JOET by weight

Marvell Technology Inc0.98%
Advanced Micro Devices Inc0.98%
Palo Alto Networks Inc0.94%
Targa Resources Corp0.93%
Amphenol Corp0.90%
Micron Technology Inc0.89%
Eli Lilly & Co0.89%
Texas Instruments Inc0.88%
Airbnb Inc0.85%
Arista Networks Inc0.85%
NVIDIA Corp0.85%
Quanta Services Inc0.85%
Datadog Inc0.83%
TE Connectivity PLC0.82%
Cencora Inc0.81%
Corning Inc0.80%
Enterprise Products Partners LP0.78%
Cadence Design Systems Inc0.78%
Lam Research Corp0.74%
GE Vernova Inc0.74%
Seagate Technology Holdings PLC0.73%
Monolithic Power Systems Inc0.73%
Fortinet Inc0.73%
Trane Technologies PLC0.72%
Simon Property Group Inc0.72%
Vertiv Holdings Co0.72%
Broadcom Inc0.71%
HEICO Corp0.71%
Applied Materials Inc0.69%
KLA Corp0.69%
Western Digital Corp0.67%
Alphabet Inc0.67%
Texas Pacific Land Corp0.66%
NU Holdings Ltd/Cayman Islands0.64%
Howmet Aerospace Inc0.56%
Burlington Stores Inc0.51%
AppLovin Corp0.48%

Only in VONV

784 securities, 69.4% of VONV by weight

Microsoft Corp5.24%
Berkshire Hathaway Inc2.55%
JPMorgan Chase & Co2.43%
Johnson & Johnson1.75%
Intel Corp1.51%
AbbVie Inc1.17%
Chevron Corp1.04%
Merck & Co Inc0.99%
Procter & Gamble Co/The0.93%
UnitedHealth Group Inc0.91%
Bank of America Corp0.91%
Philip Morris International Inc0.82%
Meta Platforms Inc0.80%
Thermo Fisher Scientific Inc0.69%
Goldman Sachs Group Inc/The0.67%
Wells Fargo & Co0.67%
Costco Wholesale Corp0.63%
Morgan Stanley0.58%
International Business Machines Corp0.57%
Verizon Communications Inc0.53%
Salesforce Inc0.50%
Walt Disney Co/The0.50%
Citigroup Inc0.50%
Abbott Laboratories0.47%
Deere & Co0.46%
McDonald's Corp0.45%
AT&T Inc0.45%
Pfizer Inc0.45%
Blackrock Inc0.44%
NextEra Energy Inc0.43%
PepsiCo Inc0.42%
Union Pacific Corp0.41%
Dell Technologies Inc0.39%
Danaher Corp0.39%
Bristol-Myers Squibb Co0.35%
Prologis Inc0.34%
Progressive Corp/The0.33%
Uber Technologies Inc0.33%
S&P Global Inc0.32%
Capital One Financial Corp0.32%
Altria Group Inc0.31%
Accenture PLC0.31%
Medtronic PLC0.30%
CVS Health Corp0.30%
Lowe's Cos Inc0.28%
Freeport-McMoRan Inc0.28%
Equinix Inc0.27%
Valero Energy Corp0.27%
Phillips 660.26%
Southern Co/The0.26%

Weight gaps

All 87 Holdings in both funds, largest gap first.

Holding weights in JOET and VONV, widest gap first
Holding	More in JOETMore in VONV	JOET	VONV
Amazon.com IncAMZN	VONV +5.26 points	0.83%	6.09%
Apple IncAAPL	VONV +5.26 points	0.81%	6.07%
Okta IncOKTA	JOET +1.18 points	1.28%	0.10%
NetApp IncNTAP	JOET +0.91 points	0.98%	0.07%
ExxonMobil Holdings CorpXOM	VONV +0.90 points	0.94%	1.84%
West Pharmaceutical Services IncWST	JOET +0.90 points	0.97%	0.07%
Agilent Technologies IncA	JOET +0.88 points	1.01%	0.13%
Waters CorpWAT	JOET +0.86 points	0.98%	0.12%
Cheniere Energy IncLNG	JOET +0.85 points	0.99%	0.14%
Fox CorpFOXA	JOET +0.85 points	0.88%	0.03%
Expeditors International of Washington IncEXPD	JOET +0.84 points	0.91%	0.07%
Williams-Sonoma IncWSM	JOET +0.80 points	0.86%	0.06%
Devon Energy CorpDVN	JOET +0.80 points	0.94%	0.14%
Hewlett Packard Enterprise CoHPE	JOET +0.78 points	1.01%	0.23%
IDEXX Laboratories IncIDXX	JOET +0.77 points	0.79%	0.02%
Keysight Technologies IncKEYS	JOET +0.78 points	0.85%	0.07%
Zoom Communications IncZM	JOET +0.77 points	0.84%	0.07%
Quest Diagnostics IncDGX	JOET +0.77 points	0.84%	0.07%
Corpay IncCPAY	JOET +0.77 points	0.81%	0.04%
Edwards Lifesciences CorpEW	JOET +0.75 points	0.89%	0.14%
WW Grainger IncGWW	JOET +0.75 points	0.77%	0.02%
Diamondback Energy IncFANG	JOET +0.75 points	0.85%	0.10%
Teledyne Technologies IncTDY	JOET +0.74 points	0.82%	0.08%
Amgen IncAMGN	JOET +0.74 points	0.92%	0.18%
Garmin LtdGRMN	JOET +0.74 points	0.87%	0.13%
Synchrony FinancialSYF	JOET +0.72 points	0.78%	0.06%
eBay IncEBAY	JOET +0.72 points	0.81%	0.09%
Regeneron Pharmaceuticals IncREGN	JOET +0.71 points	0.92%	0.21%
Humana IncHUM	JOET +0.71 points	0.84%	0.13%
Cincinnati Financial CorpCINF	JOET +0.71 points	0.78%	0.07%
W R Berkley CorpWRB	JOET +0.71 points	0.75%	0.04%
EOG Resources IncEOG	JOET +0.71 points	0.91%	0.20%
Consolidated Edison IncED	JOET +0.71 points	0.81%	0.10%
Ferguson Enterprises IncFERG	JOET +0.70 points	0.81%	0.11%
WEC Energy Group IncWEC	JOET +0.70 points	0.79%	0.09%
Ross Stores IncROST	JOET +0.70 points	0.73%	0.03%
ONEOK IncOKE	JOET +0.70 points	0.85%	0.15%
BioMarin Pharmaceutical IncBMRN	JOET +0.70 points	0.73%	0.03%
Steel Dynamics IncSTLD	JOET +0.69 points	0.77%	0.08%
Kinder Morgan IncKMI	JOET +0.68 points	0.84%	0.16%
Arch Capital Group LtdACGL	JOET +0.69 points	0.77%	0.08%
Atmos Energy CorpATO	JOET +0.68 points	0.75%	0.07%
Northern Trust CorpNTRS	JOET +0.67 points	0.75%	0.08%
PulteGroup IncPHM	JOET +0.66 points	0.72%	0.06%
AMETEK IncAME	JOET +0.66 points	0.82%	0.16%
Monster Beverage CorpMNST	JOET +0.65 points	0.74%	0.09%
Incyte CorpINCY	JOET +0.65 points	0.71%	0.06%
SLB LtdSLB	JOET +0.65 points	0.85%	0.20%
Interactive Brokers Group IncIBKR	JOET +0.65 points	0.71%	0.06%
Hubbell IncHUBB	JOET +0.64 points	0.71%	0.07%
Raymond James Financial IncRJF	JOET +0.64 points	0.71%	0.07%
Huntington Bancshares Inc/OHHBAN	JOET +0.64 points	0.72%	0.08%
First Solar IncFSLR	JOET +0.64 points	0.69%	0.05%
Hartford Insurance Group Inc/TheHIG	JOET +0.63 points	0.72%	0.09%
T Rowe Price Group IncTROW	JOET +0.63 points	0.69%	0.06%
Newmont CorpNEM	JOET +0.63 points	0.96%	0.33%
State Street CorpSTT	JOET +0.62 points	0.75%	0.13%
Fifth Third BancorpFITB	JOET +0.61 points	0.74%	0.13%
ConocoPhillipsCOP	JOET +0.61 points	1.03%	0.42%
Williams Cos Inc/TheWMB	JOET +0.61 points	0.84%	0.23%
Waste Management IncWM	JOET +0.61 points	0.76%	0.15%
Westinghouse Air Brake Technologies CorpWAB	JOET +0.60 points	0.73%	0.13%
Delta Air Lines IncDAL	JOET +0.59 points	0.72%	0.13%
Travelers Cos Inc/TheTRV	JOET +0.59 points	0.79%	0.20%
Allstate Corp/TheALL	JOET +0.58 points	0.74%	0.16%
JB Hunt Transport Services IncJBHT	JOET +0.58 points	0.63%	0.05%
United Airlines Holdings IncUAL	JOET +0.58 points	0.67%	0.09%
Old Dominion Freight Line IncODFL	JOET +0.53 points	0.60%	0.07%
Cummins IncCMI	JOET +0.52 points	0.63%	0.11%
General Dynamics CorpGD	JOET +0.51 points	0.74%	0.23%
Aon PLCAON	JOET +0.50 points	0.66%	0.16%
Vertex Pharmaceuticals IncVRTX	JOET +0.49 points	0.86%	0.37%
TJX Cos Inc/TheTJX	JOET +0.47 points	0.69%	0.22%
Chubb LtdCB	JOET +0.47 points	0.78%	0.31%
Gilead Sciences IncGILD	JOET +0.46 points	0.97%	0.51%
American Express CoAXP	JOET +0.45 points	0.76%	0.31%
Analog Devices IncADI	JOET +0.44 points	0.93%	0.49%
Cisco Systems IncCSCO	VONV +0.43 points	0.74%	1.17%
Eaton Corp PLCETN	JOET +0.41 points	0.80%	0.39%
Parker-Hannifin CorpPH	JOET +0.40 points	0.73%	0.33%
QUALCOMM IncQCOM	JOET +0.36 points	0.89%	0.53%
Walmart IncWMT	VONV +0.31 points	0.84%	1.15%
Welltower IncWELL	JOET +0.29 points	0.75%	0.46%
Charles Schwab Corp/TheSCHW	JOET +0.25 points	0.66%	0.41%
Linde PLCLIN	JOET +0.17 points	0.77%	0.60%
RTX CorpRTX	JOET +0.03 points	0.72%	0.69%
Coca-Cola Co/TheKO	JOET +0.02 points	0.83%	0.81%

All 198 JOET holdings⁠All 872 VONV 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.

JOET vs VONV Cost

Overpaying JOET vs VONV

$4,682

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

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

Amount$10,000

Years30 years

Cost over time

JOET 0.29%
VONV 0.06%
Overpaying

Year by year

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

Expense ratio

0.29%JOET
0.06%VONV, cheaper

VONV0.06%JOET0.29%

0.04%1.01%

Middle half of US Multifactor funds
Median 0.29%

VONV 4th cheapest of 99 funds

JOET 43rd cheapest of 99 funds

JOET vs VONV Dividends

Last 12 months to Oct 30, 2026

Yield (12M): JOET 0.61%; VONV 1.53%, better
Payout (12M): JOET $0.27; VONV $1.74
Last payment: JOET $0.27; VONV $0.42
Ex-dividend: JOET Dec 22, 2025; VONV Sep 23, 2026
Paid on: JOET Dec 29, 2025; VONV Sep 25, 2026
Frequency: JOET Annual; VONV Quarterly

Distribution history

Per share, 2017 to 2026, same scale for both

JOETAnnual · 6 paymentsAll JOET payments⁠

VONVQuarterly · 39 paymentsAll VONV payments⁠

JOET vs VONV Risk

Fall from peak · 5 years

JOET
VONV

Risk facts

VolatilityStd dev, 3 years: JOET 14.1%VONV 12.1%, better
Return per unit of riskSharpe ratio, 3 years: JOET 1.08VONV 1.43, better
Worst fallMax drawdown, 5 years: JOET −26.6%VONV −18.9%, better
Market sensitivityBeta, 5 years: JOET 1.02VONV 0.85; Market = 1

JOET and VONV in the news

All news⁠

Best ETFs
Best value ETFs: Vanguard's 0.03% fund, unless you want Russell's list
Updated Nov 2, 2026VONV
Best ETFs
The best value ETF depends on whose list you bought
Updated Oct 2, 2026VONV
Category Review
US multifactor funds ran 30 points apart
Updated Oct 23, 2026VONV

Popular comparisons

JOETBvsILCVA
Virtus Terranova U.S. Quality Momentum ETF · iShares Morningstar Value ETF
Expense ratio
0.29% · 0.04%
Category
VONVAvsILCVA
Vanguard Russell 1000 Value ETF · iShares Morningstar Value ETF
Expense ratio
0.06% · 0.04%
Category
JOETBvsVYMA
Virtus Terranova U.S. Quality Momentum ETF · Vanguard High Dividend Yield ETF
Expense ratio
0.29% · 0.04%
Category
VONVAvsVYMA
Vanguard Russell 1000 Value ETF · Vanguard High Dividend Yield ETF
Expense ratio
0.06% · 0.04%
Category
JOETBvsIMCVA
Virtus Terranova U.S. Quality Momentum ETF · iShares Morningstar Mid-Cap Value ETF
Expense ratio
0.29% · 0.06%
Category
VONVAvsIMCVA
Vanguard Russell 1000 Value ETF · iShares Morningstar Mid-Cap Value ETF
Expense ratio
0.06% · 0.06%
Category

JOET vs VONV

In short

Stated mandate

Why people hold it

Worth knowing

How JOET and VONV differ

Level by level

Sector

Country, concentration and asset class

Country by domicile

Concentration

Asset class

Holdings

Only in JOET

Only in VONV

Weight gaps

Cost over time

Year by year

Distribution history

Fall from peak · 5 years

Risk facts

Best value ETFs: Vanguard's 0.03% fund, unless you want Russell's list

The best value ETF depends on whose list you bought

US multifactor funds ran 30 points apart

How JOET and VONV differ

Level by level

Sector

Country, concentration and asset class

Country by domicile

Concentration

Asset class

Holdings

Only in JOET

Only in VONV

Weight gaps