JOET vs. ARKK
Compare and contrast key facts about Virtus Terranova U.S. Quality Momentum ETF (JOET) and ARK Innovation ETF (ARKK).
JOET and ARKK are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. 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. ARKK is an actively managed fund by ARK Investment Management. It was launched on Oct 31, 2014.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: JOET or ARKK.
Key characteristics
| JOET | ARKK | |
|---|---|---|
| YTD Return | 19.71% | -10.86% |
| 1Y Return | 33.67% | 15.43% |
| 3Y Return (Ann) | 5.01% | -27.18% |
| Sharpe Ratio | 2.60 | 0.63 |
| Sortino Ratio | 3.55 | 1.07 |
| Omega Ratio | 1.46 | 1.13 |
| Calmar Ratio | 2.23 | 0.29 |
| Martin Ratio | 15.79 | 1.53 |
| Ulcer Index | 2.25% | 14.34% |
| Daily Std Dev | 13.59% | 34.46% |
| Max Drawdown | -26.58% | -80.91% |
| Current Drawdown | -3.43% | -69.69% |
Correlation
The correlation between JOET and ARKK is 0.67, which is considered to be moderate. This suggests that the two assets have some degree of positive relationship in their price movements. Moderate correlation can be acceptable for portfolio diversification, offering a balance between risk and potential returns.
Performance
JOET vs. ARKK - Performance Comparison
In the year-to-date period, JOET achieves a 19.71% return, which is significantly higher than ARKK's -10.86% return. The chart below displays the growth of a $10,000 investment in both assets, with all prices adjusted for splits and dividends.
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JOET vs. ARKK - Expense Ratio Comparison
JOET has a 0.29% expense ratio, which is lower than ARKK's 0.75% expense ratio.
Risk-Adjusted Performance
JOET vs. ARKK - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for Virtus Terranova U.S. Quality Momentum ETF (JOET) and ARK Innovation ETF (ARKK). 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.
Dividends
JOET vs. ARKK - Dividend Comparison
JOET's dividend yield for the trailing twelve months is around 1.10%, while ARKK has not paid dividends to shareholders.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | |
|---|---|---|---|---|---|---|---|---|---|---|
JOET Virtus Terranova U.S. Quality Momentum ETF | 1.10% | 1.32% | 1.25% | 0.42% | 0.08% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
ARKK ARK Innovation ETF | 0.00% | 0.00% | 0.00% | 0.83% | 1.31% | 0.38% | 3.14% | 1.32% | 0.00% | 2.27% |
Drawdowns
JOET vs. ARKK - Drawdown Comparison
The maximum JOET drawdown since its inception was -26.58%, smaller than the maximum ARKK drawdown of -80.91%. Use the drawdown chart below to compare losses from any high point for JOET and ARKK. For additional features, visit the drawdowns tool.
Volatility
JOET vs. ARKK - Volatility Comparison
The current volatility for Virtus Terranova U.S. Quality Momentum ETF (JOET) is 3.17%, while ARK Innovation ETF (ARKK) has a volatility of 8.52%. This indicates that JOET experiences smaller price fluctuations and is considered to be less risky than ARKK based on this measure. The chart below showcases a comparison of their rolling one-month volatility.