Virtus Terranova U.S. Quality Momentum ETF (JOET)
JOET is a passive ETF by Virtus Investment Partners tracking the investment results of the Terranova U.S. Quality Momentum Index. JOET launched on Nov 17, 2020 and has a 0.29% expense ratio.
ETF Info
US92790A5048
92790A504
Nov 17, 2020
North America (U.S.)
1x
Terranova U.S. Quality Momentum Index
Large-Cap
Share Price Chart
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Performance
Performance Chart
The chart shows the growth of an initial investment of $10,000 in Virtus Terranova U.S. Quality Momentum ETF, comparing it to the performance of the S&P 500 index or another benchmark. All prices have been adjusted for splits and dividends.
Returns By Period
Virtus Terranova U.S. Quality Momentum ETF had a return of 27.74% year-to-date (YTD) and 37.97% in the last 12 months.
JOET
27.74%
3.21%
14.68%
37.97%
N/A
N/A
^GSPC (Benchmark)
23.62%
0.54%
11.19%
30.63%
13.61%
11.16%
Monthly Returns
The table below presents the monthly returns of JOET, with color gradation from worst to best to easily spot seasonal factors. Returns are adjusted for dividends.
| Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec | Total | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2024 | 1.39% | 7.28% | 3.15% | -5.32% | 2.73% | 2.54% | 1.28% | 3.48% | 2.22% | 0.08% | 27.74% | ||
| 2023 | 4.98% | -2.42% | 0.52% | 0.08% | -1.72% | 6.32% | 3.09% | -1.92% | -4.12% | -4.45% | 9.64% | 6.38% | 16.34% |
| 2022 | -10.09% | -2.07% | 3.35% | -9.05% | -0.04% | -8.17% | 9.05% | -2.85% | -7.57% | 9.69% | 6.12% | -5.37% | -18.04% |
| 2021 | -2.60% | 0.55% | 3.91% | 4.92% | 0.76% | 3.44% | 4.12% | 3.56% | -5.80% | 8.53% | -0.69% | 4.07% | 26.79% |
| 2020 | 2.19% | 3.73% | 6.00% |
Expense Ratio
JOET features an expense ratio of 0.29%, falling within the medium range.
Risk-Adjusted Performance
Risk-Adjusted Performance Rank
The current risk-adjusted rank of JOET is 85, placing it in the top 15% of ETFs on our website in terms of risk-adjusted performance. This ranking is based on the combined values of the indicators listed below.
Risk-Adjusted Performance Indicators
The charts below present risk-adjusted performance metrics for Virtus Terranova U.S. Quality Momentum ETF (JOET) and compare them to a chosen benchmark (^GSPC). These indicators evaluate an investment's returns against its associated risks.
Dividends
Dividend History
Virtus Terranova U.S. Quality Momentum ETF provided a 1.04% dividend yield over the last twelve months, with an annual payout of $0.41 per share. The fund has been increasing its distributions for 3 consecutive years.
| Period | TTM | 2023 | 2022 | 2021 | 2020 |
|---|---|---|---|---|---|
| Dividend | $0.41 | $0.41 | $0.33 | $0.14 | $0.02 |
Dividend yield | 1.04% | 1.32% | 1.25% | 0.42% | 0.08% |
Monthly Dividends
The table displays the monthly dividend distributions for Virtus Terranova U.S. Quality Momentum ETF. The dividends shown in the table have been adjusted to account for any splits that may have occurred.
| Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec | Total | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2024 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | |
| 2023 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.41 | $0.41 |
| 2022 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.33 | $0.33 |
| 2021 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.14 | $0.14 |
| 2020 | $0.02 | $0.02 |
Drawdowns
Drawdowns Chart
The Drawdowns chart displays portfolio losses from any high point along the way. Drawdowns are calculated considering price movements and all distributions paid, if any.
Worst Drawdowns
The table below displays the maximum drawdowns of the Virtus Terranova U.S. Quality Momentum ETF. A maximum drawdown is a measure of risk, indicating the largest reduction in portfolio value due to a series of losing trades.
The maximum drawdown for the Virtus Terranova U.S. Quality Momentum ETF was 26.58%, occurring on Jun 17, 2022. Recovery took 413 trading sessions.
The current Virtus Terranova U.S. Quality Momentum ETF drawdown is 1.78%.
Depth | Start | To Bottom | Bottom | To Recover | End | Total |
|---|---|---|---|---|---|---|
| -26.58% | Dec 28, 2021 | 120 | Jun 17, 2022 | 413 | Feb 9, 2024 | 533 |
| -9.06% | Jul 17, 2024 | 14 | Aug 5, 2024 | 14 | Aug 23, 2024 | 28 |
| -8.96% | Feb 16, 2021 | 13 | Mar 4, 2021 | 21 | Apr 5, 2021 | 34 |
| -7.36% | Sep 7, 2021 | 20 | Oct 4, 2021 | 13 | Oct 21, 2021 | 33 |
| -6.68% | Apr 1, 2024 | 15 | Apr 19, 2024 | 51 | Jul 3, 2024 | 66 |
Volatility
Volatility Chart
The current Virtus Terranova U.S. Quality Momentum ETF volatility is 5.22%, representing the average percentage change in the investments's value, either up or down over the past month. The chart below shows the rolling one-month volatility.