FFND vs. JOET

Last updated Apr 1, 2026

Compare and contrast key facts about The Future Fund Active ETF (FFND) and Virtus Terranova U.S. Quality Momentum ETF (JOET).

FFND and JOET are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. FFND is an actively managed fund by The Future Fund. It was launched on Aug 23, 2021. JOET is a passively managed fund by Virtus Investment Partners that tracks the performance of the Terranova U.S. Quality Momentum Index. It was launched on Nov 17, 2020.

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.

FFND vs. JOET - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021
FFND The Future Fund Active ETF	-4.12%	19.38%	24.05%	40.05%	-39.84%	-4.81%
JOET Virtus Terranova U.S. Quality Momentum ETF	-4.69%	11.89%	24.01%	16.34%	-18.04%	6.45%

Returns By Period

In the year-to-date period, FFND achieves a -4.12% return, which is significantly higher than JOET's -4.69% return.

FFND

• 1D: 3.05%
• 1M: -6.16%
• YTD: -4.12%
• 6M: -2.85%
• 1Y: 16.56%
• 3Y*: 19.16%
• 5Y*: —
• 10Y*: —

JOET

• 1D: 2.77%
• 1M: -6.32%
• YTD: -4.69%
• 6M: -6.33%
• 1Y: 10.17%
• 3Y*: 14.33%
• 5Y*: 9.16%
• 10Y*: —

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

FFND vs. JOET - Expense Ratio Comparison

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

FFND

The Future Fund Active ETF

JOET

Virtus Terranova U.S. Quality Momentum ETF

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: 56
FFND Sharpe Ratio Rank: 53
FFND Sortino Ratio Rank: 55
FFND Omega Ratio Rank: 57
FFND Calmar Ratio Rank: 53
FFND Martin Ratio Rank: 60

JOET

JOET Risk / Return Rank: 35
JOET Sharpe Ratio Rank: 31
JOET Sortino Ratio Rank: 32
JOET Omega Ratio Rank: 32
JOET Calmar Ratio Rank: 38
JOET Martin Ratio Rank: 40

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	0.94	0.54	+0.40
Sortino ratio Return per unit of downside risk	1.43	0.89	+0.53
Omega ratio Gain probability vs. loss probability	1.21	1.13	+0.08
Calmar ratio Return relative to maximum drawdown	1.33	0.91	+0.42
Martin ratio Return relative to average drawdown	5.77	3.54	+2.23
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 0.94, which is higher than the JOET Sharpe Ratio of 0.54. The chart below compares the historical Sharpe Ratios of FFND and JOET, offering insights into how both investments have performed under varying market conditions. These values are calculated using daily returns over the previous 12 months.

Sharpe Ratios by Period

	FFND	JOET	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	0.94	0.54	+0.40
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	—	0.52	—
Sharpe Ratio (All Time) Calculated using the full available price history	0.11	0.59	-0.48

Correlation

The correlation between FFND and JOET is 0.84, which is considered to be high. That indicates a strong positive relationship between their price movements. Having highly-correlated positions in a portfolio may signal a lack of diversification, potentially leading to increased risk during market downturns.

Dividends

FFND vs. JOET - Dividend Comparison

FFND's dividend yield for the trailing twelve months is around 0.68%, less than JOET's 0.69% yield.

	TTM	2025	2024	2023	2022	2021	2020
FFND The Future Fund Active ETF	0.68%	0.65%	0.00%	0.00%	0.00%	0.03%	0.00%
JOET Virtus Terranova U.S. Quality Momentum ETF	0.69%	0.65%	0.71%	1.32%	1.25%	0.42%	0.08%

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	-12.23%	-11.87%	-0.36%
Max Drawdown (5Y) Largest decline over 5 years	—	-26.58%	—
Current Drawdown Current decline from peak	-7.80%	-7.93%	+0.13%
Average Drawdown Average peak-to-trough decline	-19.45%	-7.36%	-12.09%
Ulcer Index Depth and duration of drawdowns from previous peaks	2.82%	3.04%	-0.22%

Volatility

FFND vs. JOET - Volatility Comparison

The Future Fund Active ETF (FFND) has a higher volatility of 5.94% compared to Virtus Terranova U.S. Quality Momentum ETF (JOET) at 5.59%. 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	5.94%	5.59%	+0.35%
Volatility (6M) Calculated over the trailing 6-month period	9.75%	10.37%	-0.62%
Volatility (1Y) Calculated over the trailing 1-year period	17.74%	18.86%	-1.12%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	25.35%	17.69%	+7.66%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	25.35%	17.63%	+7.72%