JOET vs. IVES

Last updated Jun 4, 2026

JOET (Virtus Terranova U.S. Quality Momentum ETF) and IVES (Dan IVES Wedbush AI Revolution ETF) are both exchange-traded funds - JOET is a Momentum fund tracking the Terranova U.S. Quality Momentum Index, while IVES is a Technology Equities fund tracking the Solactive Wedbush Artificial Intelligence Index. Both are passively managed. A 0.67 correlation means they provide meaningful diversification when combined. JOET charges 0.29%/yr vs 0.75%/yr for IVES.

Performance

JOET vs. IVES - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Virtus Terranova U.S. Quality Momentum ETF (JOET) and Dan IVES Wedbush AI Revolution ETF (IVES). 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 IVES's 27.14% return.

JOET

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

IVES

• 1D: -2.92%
• 1M: 18.28%
• YTD: 27.14%
• 6M: 24.59%
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —

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

JOET vs. IVES - Yearly Performance Comparison

	2026 (YTD)	2025
JOET Virtus Terranova U.S. Quality Momentum ETF	7.43%	6.39%
IVES Dan IVES Wedbush AI Revolution ETF	27.14%	25.06%

Correlation

The correlation between JOET and IVES is 0.67, which is moderate. They share some common price drivers but move independently often enough to provide real diversification benefit when combined.

	Correlation
Correlation (All Time) Calculated using the full available price history since Jun 5, 2025	0.67

JOET vs. IVES - Sectors Allocation Comparison

Sectors	JOET	IVES
Technology	23.1%	67.8%
Industrials	22.6%	4.3%
Financial Services	15.1%	1.7%
Healthcare	11.1%	-
Consumer Cyclical	10.3%	12.9%
Energy	5.8%	-
Communication Services	4.0%	11.8%
Basic Materials	3.2%	-
Real Estate	2.4%	-
Consumer Defensive	1.6%	-
Utilities	0.8%	1.7%

Return for Risk

JOET vs. IVES — 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

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. IVES - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Virtus Terranova U.S. Quality Momentum ETF (JOET) and Dan IVES Wedbush AI Revolution ETF (IVES). 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	IVES	Difference
Sharpe ratio: Return per unit of total volatility	1.05	—	—
Sortino ratio: Return per unit of downside risk	1.57	—	—
Omega ratio: Gain probability vs. loss probability	1.19	—	—
Calmar ratio: Return relative to maximum drawdown	1.35	—	—
Martin ratio: Return relative to average drawdown	5.19	—	—
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

Sharpe Ratios by Period

	JOET	IVES	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	1.05	—	—
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	2.32	-1.61

Drawdowns

JOET vs. IVES - Drawdown Comparison

The maximum JOET drawdown since its inception was -26.58%, which is greater than IVES's maximum drawdown of -22.64%. Use the drawdown chart below to compare losses from any high point for JOET and IVES.

Drawdown Indicators

	JOET	IVES	Difference
Max Drawdown Largest peak-to-trough decline	-26.58%	-22.64%	-3.94%
Max Drawdown (1Y) Largest decline over 1 year	-10.42%	—	—
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%	-3.69%	+3.69%
Average Drawdown Average peak-to-trough decline	-7.18%	-5.63%	-1.55%
Ulcer Index Depth and duration of drawdowns from previous peaks	2.71%	—	—

Volatility

Volatility by Period

	JOET	IVES	Difference
Volatility (1M) Calculated over the trailing 1-month period	3.50%	—	—
Volatility (6M) Calculated over the trailing 6-month period	10.37%	—	—
Volatility (1Y) Calculated over the trailing 1-year period	13.45%	25.77%	-12.32%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	17.70%	25.77%	-8.07%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	17.52%	25.77%	-8.25%

JOET vs. IVES - Expense Ratio Comparison

JOET has a 0.29% expense ratio, which is lower than IVES's 0.75% expense ratio.

Dividends

JOET vs. IVES - Dividend Comparison

JOET's dividend yield for the trailing twelve months is around 0.61%, more than IVES's 0.33% yield.

Position	TTM	2025	2024	2023	2022	2021	2020
IVES Dan IVES Wedbush AI Revolution ETF	0.33%	0.41%	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 IVES in my portfolio?

JOET and IVES have a correlation of 0.67, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which ETF is better, JOET or IVES?

On fees, JOET is cheaper at 0.29% per year. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF is cheaper, JOET or IVES?

JOET is cheaper with a 0.29% expense ratio, compared with 0.75% for IVES.

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

JOET has the higher dividend yield at 0.61%, compared with 0.33% for IVES.

What is the main difference between JOET and IVES?

JOET is categorized as Momentum, while IVES is Technology Equities. JOET tracks Terranova U.S. Quality Momentum Index, while IVES tracks Solactive Wedbush Artificial Intelligence Index. They also come from different issuers: Virtus Investment Partners and Wedbush. Their fees differ too: 0.29% for JOET and 0.75% for IVES.