Correlation
The correlation between JOET and FFND is 0.87, 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.
JOET vs. FFND
Compare and contrast key facts about Virtus Terranova U.S. Quality Momentum ETF (JOET) and Future Fund Active ETF (FFND).
JOET and FFND 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. FFND is an actively managed fund by Future Fund Advisors. It was launched on Aug 24, 2021.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: JOET or FFND.
Performance
JOET vs. FFND - Performance Comparison
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Key characteristics
JOET:
0.89
FFND:
0.65
JOET:
1.20
FFND:
0.98
JOET:
1.17
FFND:
1.13
JOET:
0.83
FFND:
0.57
JOET:
2.86
FFND:
2.29
JOET:
5.70%
FFND:
5.94%
JOET:
20.93%
FFND:
22.21%
JOET:
-26.58%
FFND:
-47.84%
JOET:
-3.73%
FFND:
-3.94%
Returns By Period
The year-to-date returns for both investments are quite close, with JOET having a 3.92% return and FFND slightly higher at 4.00%.
JOET
3.92%
6.40%
-2.33%
18.45%
13.57%
N/A
N/A
FFND
4.00%
6.33%
1.76%
14.38%
14.29%
N/A
N/A
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JOET vs. FFND - Expense Ratio Comparison
JOET has a 0.29% expense ratio, which is lower than FFND's 1.01% expense ratio.
Risk-Adjusted Performance
JOET vs. FFND — Risk-Adjusted Performance Rank
JOET
FFND
JOET vs. FFND - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for Virtus Terranova U.S. Quality Momentum ETF (JOET) and Future Fund Active ETF (FFND). 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.
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Dividends
JOET vs. FFND - Dividend Comparison
JOET's dividend yield for the trailing twelve months is around 0.68%, while FFND has not paid dividends to shareholders.
| TTM | 2024 | 2023 | 2022 | 2021 | 2020 | |
|---|---|---|---|---|---|---|
JOET Virtus Terranova U.S. Quality Momentum ETF | 0.68% | 0.71% | 1.32% | 1.25% | 0.42% | 0.08% |
FFND Future Fund Active ETF | 0.00% | 0.00% | 0.00% | 0.00% | 0.03% | 0.00% |
Drawdowns
JOET vs. FFND - Drawdown Comparison
The maximum JOET drawdown since its inception was -26.58%, smaller than the maximum FFND drawdown of -47.84%. Use the drawdown chart below to compare losses from any high point for JOET and FFND.
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Volatility
JOET vs. FFND - Volatility Comparison
Virtus Terranova U.S. Quality Momentum ETF (JOET) and Future Fund Active ETF (FFND) have volatilities of 4.50% and 4.33%, respectively, indicating that both stocks experience similar levels of price fluctuations. This suggests that the risk associated with both stocks, as measured by volatility, is nearly the same. The chart below showcases a comparison of their rolling one-month volatility.
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