FFND vs. JOET

Last updated Jun 4, 2026

FFND (The Future Fund Active ETF) and JOET (Virtus Terranova U.S. Quality Momentum ETF) are both exchange-traded funds - FFND is a Large Cap Growth Equities fund actively managed by The Future Fund, while JOET is a Momentum fund tracking the Terranova U.S. Quality Momentum Index. FFND is actively managed, while JOET is passively managed. Over the past 3 years, FFND returned 21.85%/yr vs 18.62%/yr for JOET. Their correlation of 0.84 suggests significant overlap in exposure. FFND charges 1.00%/yr vs 0.29%/yr for JOET.

Performance

FFND vs. JOET - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in The Future Fund Active ETF (FFND) and Virtus Terranova U.S. Quality Momentum ETF (JOET). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, FFND achieves a 6.70% return, which is significantly lower than JOET's 7.43% return.

FFND

• 1D: -1.07%
• 1M: 2.89%
• YTD: 6.70%
• 6M: 6.37%
• 1Y: 21.25%
• 3Y*: 21.85%
• 5Y*: —
• 10Y*: —

JOET

• 1D: 0.00%
• 1M: 5.74%
• YTD: 7.43%
• 6M: 6.85%
• 1Y: 14.02%
• 3Y*: 18.62%
• 5Y*: 10.88%
• 10Y*: —

*Multi-year figures are annualized to reflect compound growth (CAGR)

FFND vs. JOET - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021
FFND The Future Fund Active ETF	6.70%	19.38%	24.05%	40.05%	-39.84%	-4.81%
JOET Virtus Terranova U.S. Quality Momentum ETF	7.43%	11.89%	24.01%	16.34%	-18.04%	6.45%

Correlation

The correlation between FFND and JOET is 0.88, indicating a strong positive relationship between their price movements. Combining them offers limited diversification - they tend to fall together during downturns.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.88
Correlation (3Y) Calculated over the trailing 3-year period	0.86
Correlation (All Time) Calculated using the full available price history since Aug 25, 2021	0.84

The correlation between FFND and JOET has been stable across timeframes, ranging from 0.84 to 0.88 - a consistent structural relationship.

FFND vs. JOET - Sectors Allocation Comparison

Sectors	FFND	JOET
Technology	26.1%	23.1%
Industrials	14.2%	22.6%
Financial Services	13.7%	15.1%
Consumer Cyclical	12.7%	10.3%
Healthcare	11.0%	11.1%
Communication Services	10.9%	4.0%
Consumer Defensive	4.4%	1.6%
Utilities	2.0%	0.8%
Basic Materials	1.7%	3.2%
Energy	1.7%	5.8%
Real Estate	1.5%	2.4%

Return for Risk

FFND vs. JOET — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.

FFND

FFND Risk / Return Rank: 47
FFND Sharpe Ratio Rank: 47
FFND Sortino Ratio Rank: 48
FFND Omega Ratio Rank: 48
FFND Calmar Ratio Rank: 41
FFND Martin Ratio Rank: 52

JOET

JOET Risk / Return Rank: 29
JOET Sharpe Ratio Rank: 29
JOET Sortino Ratio Rank: 29
JOET Omega Ratio Rank: 27
JOET Calmar Ratio Rank: 28
JOET Martin Ratio Rank: 34

The rank (0–100) shows how this investment's returns compare to the risk taken. Higher = better. Based on the past 12 months of data, combining Sharpe, Sortino, and other metrics used by quantitative funds and institutional investors.

FFND vs. JOET - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for The Future Fund Active ETF (FFND) and Virtus Terranova U.S. Quality Momentum ETF (JOET). Risk-adjusted metrics are performance indicators that assess an investment's returns in relation to its risk, enabling a more accurate comparison of different investment options.

	FFND	JOET	Difference
Sharpe ratio Return per unit of total volatility	1.66	1.05	+0.61
Sortino ratio Return per unit of downside risk	2.39	1.57	+0.82
Omega ratio Gain probability vs. loss probability	1.30	1.19	+0.12
Calmar ratio Return relative to maximum drawdown	2.03	1.35	+0.68
Martin ratio Return relative to average drawdown	8.89	5.19	+3.70
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

FFND vs. JOET - Sharpe Ratio Comparison

The current FFND Sharpe Ratio is 1.66, which is higher than the JOET Sharpe Ratio of 1.05. The chart below compares the historical Sharpe Ratios of FFND and JOET, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Sharpe Ratios by Period

	FFND	JOET	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	1.66	1.05	+0.61
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	—	0.62	—
Sharpe Ratio (All Time) Calculated using the full available price history	0.20	0.71	-0.51

Drawdowns

FFND vs. JOET - Drawdown Comparison

The maximum FFND drawdown since its inception was -47.84%, which is greater than JOET's maximum drawdown of -26.58%. Use the drawdown chart below to compare losses from any high point for FFND and JOET.

Drawdown Indicators

	FFND	JOET	Difference
Max Drawdown Largest peak-to-trough decline	-47.84%	-26.58%	-21.26%
Max Drawdown (1Y) Largest decline over 1 year	-10.53%	-10.42%	-0.11%
Max Drawdown (3Y) Largest decline over 3 years	-18.90%	-19.55%	+0.65%
Max Drawdown (5Y) Largest decline over 5 years	—	-26.58%	—
Current Drawdown Current decline from peak	-1.07%	0.00%	-1.07%
Average Drawdown Average peak-to-trough decline	-18.79%	-7.18%	-11.61%
Ulcer Index Depth and duration of drawdowns from previous peaks	2.40%	2.71%	-0.31%

Volatility

FFND vs. JOET - Volatility Comparison

The Future Fund Active ETF (FFND) has a higher volatility of 3.78% compared to Virtus Terranova U.S. Quality Momentum ETF (JOET) at 3.50%. This indicates that FFND's price experiences larger fluctuations and is considered to be riskier than JOET based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	FFND	JOET	Difference
Volatility (1M) Calculated over the trailing 1-month period	3.78%	3.50%	+0.28%
Volatility (6M) Calculated over the trailing 6-month period	10.20%	10.37%	-0.17%
Volatility (1Y) Calculated over the trailing 1-year period	12.91%	13.45%	-0.54%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	25.04%	17.70%	+7.34%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	25.04%	17.52%	+7.52%

FFND vs. JOET - Expense Ratio Comparison

FFND has a 1.00% expense ratio, which is higher than JOET's 0.29% expense ratio.

Dividends

FFND vs. JOET - Dividend Comparison

FFND's dividend yield for the trailing twelve months is around 0.61%, which matches JOET's 0.61% yield.

Position	TTM	2025	2024	2023	2022	2021	2020
FFND The Future Fund Active ETF	0.61%	0.65%	0.00%	0.00%	0.00%	0.03%	0.00%
JOET Virtus Terranova U.S. Quality Momentum ETF	0.61%	0.65%	0.71%	1.32%	1.25%	0.42%	0.08%

Frequently Asked Questions

Can I hold both FFND and JOET in my portfolio?

FFND and JOET have a correlation of 0.88, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, FFND or JOET?

FFND has higher volatility (3.78%) compared to JOET (3.50%). In terms of maximum drawdown, FFND dropped -47.84% vs JOET's -26.58%.

Which ETF is better, FFND or JOET?

On 3-year performance, FFND leads with 21.85% vs 18.62% for JOET. On fees, JOET is cheaper at 0.29% per year. On volatility, JOET has been the lower-risk option at 3.50%. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF has performed better, FFND or JOET?

Over the 3-year period, FFND has performed better with a 21.85% return vs 18.62%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, FFND or JOET?

JOET is cheaper with a 0.29% expense ratio, compared with 1.00% for FFND.

Which ETF pays a higher dividend yield, FFND or JOET?

FFND and JOET have nearly identical dividend yields, around 0.61%.

What is the main difference between FFND and JOET?

FFND is categorized as Large Cap Growth Equities, while JOET is Momentum. They also come from different issuers: The Future Fund and Virtus Investment Partners. Their fees differ too: 1.00% for FFND and 0.29% for JOET.

Which has better risk-adjusted returns?

FFND currently has the higher Sharpe Ratio (1.66 vs 1.05), meaning it's delivered slightly more return per unit of risk over the trailing 12 months. However, this ranking shifts over time - use the Risk/Return Score above for a more comprehensive view that combines Sharpe, Sortino, and other measures used by quantitative funds.