Virtus Terranova US Quality Momentum ETF

JOET

Market cap $227M

Overview Fund Activity

42.42 USD

-0.17

0.4%

At close Updated Sep 12, 4:00 PM EDT

1 day

-0.4%

5 days

1.29%

1 month

2.22%

3 months

7.01%

6 months

17.38%

Year to date

12.16%

1 year

19.76%

5 years

71.81%

10 years

71.81%

0

Funds holding %

of 7,462 funds

–

Analysts bullish %

Fund manager confidence

Based on 2025 Q2 regulatory disclosures by fund managers ($100M+ AUM)

200% more first-time investments, than exits

New positions opened: 9 | Existing positions closed: 3

100% more repeat investments, than reductions

Existing positions increased: 18 | Existing positions reduced: 9

27% more capital invested

Capital invested by funds: $67.3M [Q1] → $85.3M (+$18M) [Q2]

14% more funds holding

Funds holding: 35 [Q1] → 40 (+5) [Q2]

2.67% more ownership

Funds ownership: 40.85% [Q1] → 43.52% (+2.67%) [Q2]

See Fund Rankings

Financial journalist opinion

CNBC Television

Trade Tracker: Joe Terranova boosts crypto exposure in his JOET ETF

Joe Terranova, senior managing director at Virtus Investment Partners, joins CNBC's "Halftime Report" to explain why he's adding more crypto exposure to his ETF.

Trade Tracker: Joe Terranova boosts crypto exposure in his JOET ETF

JOET: High-Turnover Factor Duo Underperforms The S&P 500, Skeptical View Merited

JOET is a passively managed ETF offering exposure to 125 large-cap momentum stocks with robust quality. While JOET has delivered solid YTD performance, its total return since inception is still weaker than IVV's and those of a few quality-focused ETFs. JOET delivers robust quality and momentum characteristics, but IVV's holdings offer stronger revenue growth and capital efficiency.

JOET: High-Turnover Factor Duo Underperforms The S&P 500, Skeptical View Merited

JOET: Relative Underperformance And Elevated Volatility Raise Doubts About The Fund's Strategy

The Virtus Terranova US Quality Momentum ETF (JOET) combines quality and momentum strategies, but its mid-cap bias leads to below-average profitability and higher volatility. JOET's allocation skews towards financial services and industrials, with significant underweights in technology and consumer discretionary compared to the S&P 500. Valuation is slightly below the S&P 500, driven by low-multiple financial services, but profitability metrics lag due to limited exposure to highly profitable mega caps.

JOET: Relative Underperformance And Elevated Volatility Raise Doubts About The Fund's Strategy

CNBC Television

Trade Tracker: Joe Terranova shares his ETF rebalance strategy and Bryn Talkington buys the ETHA

Joe Terranova, Senior Managing Director for Virtus Investment Partners, and Bryn Talkington, Managing Partner of Requisite Capital Management, joins CNBC's "Halftime Report" to detail their latest portfolio moves.

Trade Tracker: Joe Terranova shares his ETF rebalance strategy and Bryn Talkington buys the ETHA

JOET: Inspecting CNBC Star Joe Terranova's Momentum ETF

I have a hold rating on JOET due to its sound strategy, low cost, and solid chart, yet it has underperformed other momentum funds. JOET focuses on U.S.-listed large-cap companies with strong quality fundamentals and positive momentum technical trends, but its relative returns have been lackluster since early 2024. The ETF currently has a mixed exposure to mid- and large-cap stocks, with significant weight in Information Technology, Financials, and Industrials, but lacks defensive holdings.

JOET: Inspecting CNBC Star Joe Terranova's Momentum ETF

JOET: Recent Performance Surprise Does Not Change Long-Term View

Virtus Terranova U.S. Quality Momentum ETF is a passively managed ETF focused on promising stocks at the intersection of quality and momentum. JOET has outperformed the S&P 500 since my June article, yet longer-term returns remain disappointing, weighing on my sentiment. With about 41% of the portfolio replaced, the Fund remains a high-quality vehicle.

JOET: Recent Performance Surprise Does Not Change Long-Term View

JOET: A Quality ETF Struggling In The Current Market Environment

Quality-based portfolios are still attractive amid an economic slowdown, with Virtus Terranova U.S. Quality Momentum ETF offering exposure to high-quality companies with strong relative performance. The JOET fund struggles to keep up with the S&P 500 and other quality ETFs due to its equal-weighted allocation and its underweighting of profitable mega caps, but may benefit from a market sentiment shift favoring mid-cap companies. JOET's sector allocation shows an overweighting of financial services and industrials, and an underweighting in communication services, healthcare, technology, and consumer staples compared to S&P 500 and quality ETF peers.

JOET: A Quality ETF Struggling In The Current Market Environment

JOET: Top-Quality Portfolio With Performance Weaknesses

JOET is an index-based ETF that amalgamates two potent factors, namely momentum and quality, targeting mega- and large-caps. Despite looking promising, JOET has underperformed the S&P 500 ETF and a few quality ETFs since its inception in November 2020. Downside and upside capture were also unsatisfying. At the same time, its portfolio has excellent quality that comes with solid growth and momentum exposure.

JOET: Quality, Equal Weight, And Worth A Look

The Virtus Terranova U.S. Quality Momentum ETF seeks to track the Terranova U.S. Quality Momentum Index, focusing on large-cap US companies with strong quality fundamentals and positive momentum trends. The ETF is well-diversified across various sectors, with a heavy mid-cap allocation, providing a tilt towards smaller companies without the risk of small-cap stocks. The ETF's strategy is technical and retrospective, potentially overlooking qualitative risk factors, but it offers attractive risk-adjusted returns and a solid risk management approach.

CNBC Television

Inside the JOET Rebalance

Joe Terranova, senior managing director at Virtus Investment Partners, joins CNBC's 'Halftime Report' to discuss his JOET ETF portfolio rebalance.

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