- ISIN
- US92790A5048
- CUSIP
- 92790A504
- Inception Date
- Nov 17, 2020
- Region
- North America (U.S.)
- Category
- Momentum, Large Cap Blend Equities
- Leveraged
- 1x (No leverage)
- Index Tracked
- Terranova U.S. Quality Momentum Index
- Distribution Policy
- Distributing
- Asset Class
- Equity
- Asset Class Size
- Large-Cap
- Asset Class Style
- Blend
- Assets Under Management
- $241M
Share Price Chart
Loading charts...
Compare stocks, funds, or ETFs
Search for stocks, ETFs, and funds for a quick comparison or use the comparison tool for more options.
Performance
JOET Performance Chart
Virtus Terranova U.S. Quality Momentum ETF (JOET) is up 8.9% since the beginning of the year. JOET is currently trading at $46 per share. Investors who bought $1,000 worth of JOET shares 5 years ago would now be looking at an investment worth $1,672.
Loading charts...
Returns By Period
Virtus Terranova U.S. Quality Momentum ETF (JOET) has returned 8.86% so far this year and 17.00% over the past 12 months.
Virtus Terranova U.S. Quality Momentum ETF
- 1D
- 0.40%
- 1M
- 4.63%
- YTD
- 8.86%
- 6M
- 6.89%
- 1Y
- 17.00%
- 3Y*
- 18.85%
- 5Y*
- 10.83%
- 10Y*
- —
Benchmark (S&P 500 Index)
- 1D
- -0.37%
- 1M
- -0.01%
- YTD
- 9.16%
- 6M
- 8.64%
- 1Y
- 25.22%
- 3Y*
- 19.78%
- 5Y*
- 11.99%
- 10Y*
- 13.88%
JOET Monthly Returns History
Based on dividend-adjusted daily data since Nov 18, 2020, JOET's average daily return is +0.05%, while the average monthly return is +1.07%. At this rate, an investment would double in approximately 5.4 years.
Historically, 65% of months were positive and 35% were negative. The best month was Nov 2024 with a return of +10.3%, while the worst month was Jan 2022 at -10.1%. The longest winning streak lasted 7 consecutive months, and the longest losing streak was 3 months.
On a daily basis, JOET closed higher 53% of trading days. The best single day was Apr 9, 2025 with a return of +8.9%, while the worst single day was Apr 4, 2025 at -6.3%.
| Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec | Total | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2026 | 0.48% | 1.26% | -6.32% | 7.09% | 4.25% | 2.30% | 8.86% | ||||||
| 2025 | 5.58% | -2.81% | -5.67% | 0.96% | 6.90% | 3.63% | 0.51% | 1.70% | 2.87% | -0.64% | -0.78% | -0.31% | 11.89% |
| 2024 | 1.38% | 7.28% | 3.15% | -5.32% | 2.73% | 2.54% | 1.28% | 3.48% | 2.22% | 0.08% | 10.27% | -6.27% | 24.01% |
| 2023 | 4.98% | -2.42% | 0.52% | 0.08% | -1.72% | 6.32% | 3.09% | -1.92% | -4.13% | -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% | -7.56% | 9.69% | 6.12% | -5.37% | -18.04% |
| 2021 | -2.60% | 0.55% | 3.90% | 4.92% | 0.76% | 3.44% | 4.12% | 3.56% | -5.80% | 8.53% | -0.69% | 4.07% | 26.79% |
Benchmark Metrics
Virtus Terranova U.S. Quality Momentum ETF has an annualized alpha of -1.12%, beta of 0.99, and R2 of 0.89 versus S&P 500 Index. Calculated based on daily prices since November 18, 2020.
- This ETF participated in 103.21% of S&P 500 Index downside but only 96.96% of its upside - more exposed to losses than it benefited from rallies.
- With beta of 0.99 and R2 of 0.89, this ETF moves broadly in line with S&P 500 Index - much of its variation is explained by market exposure rather than independent behavior.
- Alpha
- -1.12%
- Beta
- 0.99
- R²
- 0.89
- Upside Capture
- 96.96%
- Downside Capture
- 103.21%
Expense Ratio
JOET has an expense ratio of 0.29%, placing it in the medium range.
Return for Risk
Risk / Return Rank
JOET ranks 35 for risk / return — below 35% of ETFs on our site. The returns aren't fully compensating for the risk involved. This isn't necessarily a dealbreaker, but factor it into your decision — especially if you're risk-averse.
Return / Risk — by metrics
The table below present risk-adjusted performance metrics for Virtus Terranova U.S. Quality Momentum ETF (JOET) and compare them to S&P 500 Index.
Values are calculated on a 1-year rolling basis and updated daily. Risk-adjusted metrics are more stable over longer periods — use the period switch above to explore them.
| JOET | Benchmark | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.81 | ||
| Sortino ratioReturn per unit of downside risk | -0.97 | ||
| Omega ratioGain probability vs. loss probability | 1.22 | 1.37 | -0.15 |
| Calmar ratioReturn relative to maximum drawdown | 1.64 | 2.78 | -1.15 |
| Martin ratioReturn relative to average drawdown | 6.26 | 12.44 | -6.17 |
Dividends
Dividend History
Virtus Terranova U.S. Quality Momentum ETF provided a 0.60% dividend yield over the last twelve months, with an annual payout of $0.27 per share.
| Period | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 |
|---|---|---|---|---|---|---|---|
| Dividend | $0.27 | $0.27 | $0.27 | $0.41 | $0.33 | $0.14 | $0.02 |
Dividend yield | 0.60% | 0.65% | 0.71% | 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 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2026 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | ||||||
| 2025 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.27 | $0.27 |
| 2024 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.27 | $0.27 |
| 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 |
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.
Loading charts...
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.
Related event | Drawdown | Fall | Recovery | Underwater |
|---|---|---|---|---|
Bear market2022 | -26.58%Jun 2022 | 5mo 21d | 1y 7mo | 2y 1moDec 2021 - Feb 2024 |
2025 selloff2025 | -19.55%Apr 2025 | 4mo | 2mo 23d | 6mo 23dDec 2024 - Jun 2025 |
2026 correction2026 | -10.42%Mar 2026 | 2mo 22d | 1mo 7d | 3mo 29dJan 2026 - May 2026 |
2024 pullback2024 | -9.06%Aug 2024 | 19d | 18d | 1mo 7dJul 2024 - Aug 2024 |
2021 pullback2021 | -8.96%Mar 2021 | 16d | 1mo 2d | 1mo 18dFeb 2021 - Apr 2021 |
Drawdown Indicators
| JOET | Benchmark | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -26.58% | -56.78% | +30.20% |
Max Drawdown (1Y)Largest decline over 1 year | -10.42% | -9.10% | -1.32% |
Max Drawdown (3Y)Largest decline over 3 years | -19.55% | -18.90% | -0.65% |
Max Drawdown (5Y)Largest decline over 5 years | -26.58% | -25.43% | -1.15% |
Max Drawdown (10Y)Largest decline over 10 years | — | -33.92% | — |
Current DrawdownCurrent decline from peak | 0.00% | -1.80% | +1.80% |
Average DrawdownAverage peak-to-trough decline | -7.13% | -10.71% | +3.58% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.72% | 2.03% | +0.69% |
Volatility
Volatility Chart
The chart below shows the rolling one-month volatility.
Loading charts...
Build a portfolio with JOET
Add Virtus Terranova U.S. Quality Momentum ETF to a portfolio and analyze allocations for your target — whether that's maximizing returns, minimizing drawdowns, or balancing risk across holdings.
Open Portfolio Analyzer with JOET