JOET
Virtus Terranova US Quality Momentum ETF
JOET tracks an equal-weighted index of large-cap stocks in the US displaying quality fundamental and technical attributes.
US
EQUITY
Passive
MANAGEMENT STYLE
29 bp
EXPENSES
$108.7 M
ASSETS UNDER MGMT
Fund Basics
Fund sponsor | Virtus Investment Partners |
Category | US |
Asset class | Equity |
Website | link... |
Inception date | Nov 17, 2020 |
Assets (mns) | $109 |
Expense ratio | 29 bp |
Currency | USD |
Sector Breakdown
Fund Structure
Regulation | Open-Ended Fund |
Distributions | Annually |
Taxation | 1099 |
Stock selection | Multi-Factor |
Weighting | Equal |
Holdings Transparency | Full |
Derivatives-based | No |
Options available | Yes |
Currency hedged | No |
Fund of funds | No |
Top 10 Holdings
NVIDIA CORP | 1.3 % |
BROADCOM INC. | 1.1 % |
MONOLITHIC POWER SYSTEMS INC | 1.0 % |
QUALCOMM INC | 1.0 % |
ARISTA NETWORKS, INC. | 1.0 % |
CROWDSTRIKE HOLDINGS, INC. CLASS A | 1.0 % |
KLA CORPORATION | 1.0 % |
CHIPOTLE MEXICAN GRILL-CL A | 1.0 % |
APPLIED MATERIALS INC | 1.0 % |
NXP SEMICONDUCTORS NV | 1.0 % |
Constituent Breakdown
Number of holdings | 126 |
Herfindahl-Hirschman Index | 81 |
Wgt avg mkt cap (mns) | $156,493 |
Large cap (>$10bn) | 100.0% |
Mid cap ($2-10bn) | 0.0% |
Small cap (<$2bn) | 0.0% |
Developed mkts. | 99.0% |
Emerging mkts. | 1.0% |
Country Exposure
UNITED STATES | 87.7 % | |
IRELAND | 3.2 % | |
SWITZERLAND | 2.5 % | |
NETHERLANDS | 1.0 % | |
ARGENTINA | 0.9 % | |
CAYMAN ISLANDS | 0.9 % | |
BERMUDA | 0.8 % | |
ISRAEL | 0.8 % | |
CANADA | 0.7 % |
Historical Performance
Standardized Performance (as of 06/30/2024)
YTD | 1 YR | 2 YR | 3 YR | 5 YR | 10 YR | Incep. | |
---|---|---|---|---|---|---|---|
Total Returns | 8.5% | 17.2% | 16.7% | 5.6% | -- | -- | 9.0% | Volatility | 12.8% | 13.0% | 16.5% | 17.7% | -- | -- | -- |
Market Correlations
versus... | Beta | R-squared |
S&P 500 | 1.05 | 95% |
MSCI EAFE | 0.95 | 72% |
MSCI Emg Mkts | 0.64 | 34% |
Liquidity Measures
Avg. volume (000) | 21 |
Turnover | 0.7% |
Avg. Bid/Ask (% of price) | 0.16% |
ADV of underlying (mns) | $183,219 |
Technical Indicators
Recent close | $33.98 |
30d moving avg. | $34.60 |
Annualized volatility | 19.4% |
Relative strength (RSI) | 55 |
Short interest (ETF) | 0.0% |
Short interest (underlying) | 2.0% |
Distributions
Assets Under Management (mns)
Money Flows (mns)
Short Interest (as % of shares outstanding)
Long Money Flows (mns)
Top Ten Comparable ETFs only shown here. For an extended list become an Individual or Professional subscriber. Start your FREE trial
Comparable ETFs Based on Overlap
Ticker | Fund Name | Overlap vs. JOET |
Expenses vs. JOET |
ALTAR Score™ vs. JOET |
---|---|---|---|---|
FTC | First Trust Large Cap Growth AlphaDEX Fund | 37.8% | +30 bp | -2.3% |
ROE | Astoria US Quality Kings ETF | 35.9% | +20 bp | +2.6% |
JMOM | JPMorgan U.S. Momentum Factor ETF | 33.3% | -17 bp | -0.3% |
RPG | Invesco S&P 500 Pure Growth ETF | 33.3% | +6 bp | -1.6% |
QQQE | Direxion NASDAQ-100 Equal Weighted Index Shares | 33.1% | +6 bp | -0.1% |
FTGS | First Trust Growth Strength ETF | 32.4% | +31 bp | +0.6% |
SPGP | Invesco S&P 500 GARP ETF | 32.1% | +5 bp | +3.0% |
QQEW | First Trust Nasdaq-100 Equal Weighted Index Fund | 31.4% | +29 bp | -0.3% |
JQUA | JPMorgan U.S. Quality Factor ETF | 30.4% | -17 bp | +0.8% |
MTUM | iShares MSCI USA Momentum Factor ETF | 30.0% | -14 bp | -1.2% |
Risk and Returns: JOET vs. Comps (1 YR)
Notes: Top 10 overlapping ETFs. Funds with insufficient history not shown. Some funds may overlap. Hover over data point for ticker symbol.
Content on this tab for Individual & Professional subscribers only. Start your FREE trial
Results & Estimates
2019 | 2020 | 2021 | 2022 | 2023 | 2024E | 2025E | ||
---|---|---|---|---|---|---|---|---|
Sales per share | -- | -- | -- | -- | -- | -- | -- | |
change (%) | -- | -- | -- | -- | -- | -- | -- | |
Earnings per share | -- | -- | -- | -- | -- | -- | -- | |
change (%) | -- | -- | -- | -- | -- | -- | -- | |
Dividends per share | -- | -- | -- | -- | -- | -- | -- | |
change (%) | -- | -- | -- | -- | -- | -- | -- | |
Book value per share | -- | -- | -- | -- | -- | -- | -- | |
change (%) | -- | -- | -- | -- | -- | -- | -- |
Return on Equity
Net Margins
EPS Revision Activity (6 mo. ago = 100%)
Compound Annual Growth Rates
Content on this tab for Individual & Professional subscribers only. Start your FREE trial
Valuation Metrics
2023 | 2024E | Fwd Est | 2025E | |
Price-to-sales | --x | --x | --x | --x |
Price-to-earnings | --x | --x | --x | --x |
Price-to-cash flow | --x | --x | --x | --x |
Price-to-growth | --x | --x | --x | --x |
Price-to-book value | --x | --x | --x | --x |
Yield | --% | --% | --x | --% |
Based on closing prices from 7/25/2024
Peer Group Comparison Sample data. Subscribe for access.
Price-to-Earnings
Price-to-Sales
Price-to-Book Value
Price-to-Cash Flow
Price-to-Growth
Dividend Yield
Historical Valuation Trends Sample data. Subscribe for access.
SHOWING:
Price-to-Earnings
Price-to-Earnings
JOET
Notes: Based on adjusted historical results for current fund constituents. May differ from results achieved by past fund constituents. Max P/E of 100x.
Some content on this tab for Individual & Professional subscribers only. Start your FREE trial
ETF Research Center Fund Rating
Our measure of an ETF's overall investment merit
ALTAR Score™
JOET
5.2%
Cat. Avg
5.7%
Fund Category: US
Avg. Return on Equity | --% |
Divided by: Fwd. P/BV | --x |
Less: Expenses | -- bp |
Equals: ALTAR Score™ | 5.2% |
Recommendation
NEUTRAL
Average appreciation potential. A rating of NEUTRAL is assigned to ETFs with ALTAR Scores in the middle quintile (ranking between 40%-60%) of their category. This indicates that valuations adequately reflect the fundamentals of stocks in these funds.
Category Overview
There are 899 funds in the US category, with an average ALTAR Score™
of 5.7% and a standard deviation of
2.4%. JOET's ALTAR Score™ is approximately
0.2 standard deviations
below
the category average. This places JOET in the 41st percentile among funds in the category.
Consensus Recommendation
Sell-side recommendations on the ETF's individual constituents
Composite
JOET
Peer Average
Recent Trends
SELL
U/W
HOLD
O/W
BUY
Recent Trends
Breakdown
Expense Analysis
Peer Group | Passive US Equity ETFs |
# of ETFs | 192 |
Avg. Expense Ratio | 31.0 bp |
Std. Deviation | 25.7 bp |
JOET (29 bp) Percentile rank | 47 |
Peer Group Expense Ratio Distribution
Total Cost of Ownership (TCO) Comparison
Expense (bp) (A) |
Avg. Bid/Ask (bp) (B) |
TCO (bp) (A)+(B) |
|
---|---|---|---|
JOET | 29.0 | 16.4 | 45.4 |
Peer Avg. | 20.8 | 9.5 | 30.4 |
For a detailed cost analysis of this and any other ETF use the TCO Comparison Tool .