JOET vs. FMTM

Last updated Jun 4, 2026

JOET (Virtus Terranova U.S. Quality Momentum ETF) and FMTM (MarketDesk Focused U.S. Momentum ETF) are both Momentum funds. JOET is passively managed, while FMTM is actively managed. Over the past year, JOET returned 14.02% vs 63.62% for FMTM. A 0.76 correlation means they provide meaningful diversification when combined. JOET charges 0.29%/yr vs 0.45%/yr for FMTM.

Performance

JOET vs. FMTM - Performance Comparison

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

Returns By Period

In the year-to-date period, JOET achieves a 7.43% return, which is significantly lower than FMTM's 31.75% return.

JOET

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

FMTM

• 1D: 0.50%
• 1M: 6.28%
• YTD: 31.75%
• 6M: 34.74%
• 1Y: 63.62%
• 3Y*: —
• 5Y*: —
• 10Y*: —

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

JOET vs. FMTM - Yearly Performance Comparison

	2026 (YTD)	2025
JOET Virtus Terranova U.S. Quality Momentum ETF	7.43%	14.53%
FMTM MarketDesk Focused U.S. Momentum ETF	31.75%	27.90%

Correlation

The correlation between JOET and FMTM is 0.79, which is moderate. They share some common price drivers but move independently often enough to provide real diversification benefit when combined.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.79
Correlation (All Time) Calculated using the full available price history since Mar 21, 2025	0.76

The correlation between JOET and FMTM has been stable across timeframes, ranging from 0.76 to 0.79 - a consistent structural relationship.

Return for Risk

JOET vs. FMTM — Risk / Return Rank

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

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

FMTM

FMTM Risk / Return Rank: 82
FMTM Sharpe Ratio Rank: 84
FMTM Sortino Ratio Rank: 74
FMTM Omega Ratio Rank: 76
FMTM Calmar Ratio Rank: 88
FMTM Martin Ratio Rank: 89

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.

JOET vs. FMTM - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Virtus Terranova U.S. Quality Momentum ETF (JOET) and MarketDesk Focused U.S. Momentum ETF (FMTM). 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.

	JOET	FMTM	Difference
Sharpe ratio: Return per unit of total volatility	1.05	2.80	-1.75
Sortino ratio: Return per unit of downside risk	1.57	3.43	-1.86
Omega ratio: Gain probability vs. loss probability	1.19	1.46	-0.28
Calmar ratio: Return relative to maximum drawdown	1.35	5.28	-3.92
Martin ratio: Return relative to average drawdown	5.19	20.62	-15.43
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

JOET vs. FMTM - Sharpe Ratio Comparison

The current JOET Sharpe Ratio is 1.05, which is lower than the FMTM Sharpe Ratio of 2.80. The chart below compares the historical Sharpe Ratios of JOET and FMTM, 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

	JOET	FMTM	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	1.05	2.80	-1.75
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	0.62	—	—
Sharpe Ratio (All Time) Calculated using the full available price history	0.71	2.38	-1.67

Drawdowns

JOET vs. FMTM - Drawdown Comparison

The maximum JOET drawdown since its inception was -26.58%, which is greater than FMTM's maximum drawdown of -12.12%. Use the drawdown chart below to compare losses from any high point for JOET and FMTM.

Drawdown Indicators

	JOET	FMTM	Difference
Max Drawdown Largest peak-to-trough decline	-26.58%	-12.12%	-14.46%
Max Drawdown (1Y) Largest decline over 1 year	-10.42%	-12.12%	+1.70%
Max Drawdown (3Y) Largest decline over 3 years	-19.55%	—	—
Max Drawdown (5Y) Largest decline over 5 years	-26.58%	—	—
Current Drawdown Current decline from peak	0.00%	0.00%	0.00%
Average Drawdown Average peak-to-trough decline	-7.18%	-1.89%	-5.29%
Ulcer Index Depth and duration of drawdowns from previous peaks	2.71%	3.10%	-0.39%

Volatility

JOET vs. FMTM - Volatility Comparison

The current volatility for Virtus Terranova U.S. Quality Momentum ETF (JOET) is 3.50%, while MarketDesk Focused U.S. Momentum ETF (FMTM) has a volatility of 6.52%. This indicates that JOET experiences smaller price fluctuations and is considered to be less risky than FMTM based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	JOET	FMTM	Difference
Volatility (1M) Calculated over the trailing 1-month period	3.50%	6.52%	-3.02%
Volatility (6M) Calculated over the trailing 6-month period	10.37%	17.83%	-7.46%
Volatility (1Y) Calculated over the trailing 1-year period	13.45%	22.82%	-9.37%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	17.70%	22.94%	-5.24%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	17.52%	22.94%	-5.42%

JOET vs. FMTM - Expense Ratio Comparison

JOET has a 0.29% expense ratio, which is lower than FMTM's 0.45% expense ratio.

Dividends

JOET vs. FMTM - Dividend Comparison

JOET's dividend yield for the trailing twelve months is around 0.61%, more than FMTM's 0.22% yield.

Position	TTM	2025	2024	2023	2022	2021	2020
FMTM MarketDesk Focused U.S. Momentum ETF	0.22%	0.30%	0.00%	0.00%	0.00%	0.00%	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 JOET and FMTM in my portfolio?

JOET and FMTM have a correlation of 0.79, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, JOET or FMTM?

FMTM has higher volatility (6.52%) compared to JOET (3.50%). In terms of maximum drawdown, JOET dropped -26.58% vs FMTM's -12.12%.

Which ETF is better, JOET or FMTM?

On 1-year performance, FMTM leads with 63.62% vs 14.02% 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, JOET or FMTM?

Over the 1-year period, FMTM has performed better with a 63.62% return vs 14.02%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, JOET or FMTM?

JOET is cheaper with a 0.29% expense ratio, compared with 0.45% for FMTM.

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

JOET has the higher dividend yield at 0.61%, compared with 0.22% for FMTM.

What is the main difference between JOET and FMTM?

Their fees differ too: 0.29% for JOET and 0.45% for FMTM.

Which has better risk-adjusted returns?

FMTM currently has the higher Sharpe Ratio (2.80 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.