JOET vs. MRX
JOET (Virtus Terranova U.S. Quality Momentum ETF) is Momentum fund tracking the Terranova U.S. Quality Momentum Index, while MRX (Marex Group PLC) is a stock. Over the past year, JOET returned 14.02% vs 28.52% for MRX. At a 0.38 correlation, their price movements are largely independent.
Performance
JOET vs. MRX - Performance Comparison
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Returns By Period
In the year-to-date period, JOET achieves a 7.43% return, which is significantly lower than MRX's 41.52% return.
JOET
- 1D
- 0.00%
- 1M
- 5.74%
- YTD
- 7.43%
- 6M
- 6.85%
- 1Y
- 14.02%
- 3Y*
- 18.62%
- 5Y*
- 10.88%
- 10Y*
- —
MRX
- 1D
- 5.69%
- 1M
- 3.43%
- YTD
- 41.52%
- 6M
- 46.72%
- 1Y
- 28.52%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
JOET vs. MRX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | |
|---|---|---|---|
JOET Virtus Terranova U.S. Quality Momentum ETF | 7.43% | 11.89% | 15.71% |
MRX Marex Group PLC | 41.52% | 25.07% | 65.86% |
Correlation
The correlation between JOET and MRX is 0.27, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.27 |
Correlation (All Time) Calculated using the full available price history since Apr 26, 2024 | 0.38 |
The correlation between JOET and MRX shifts across timeframes, from 0.27 (1 year) to 0.38 (all time), reflecting how their relationship changes across market environments.
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Return for Risk
JOET vs. MRX — Risk / Return Rank
JOET
MRX
JOET vs. MRX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Virtus Terranova U.S. Quality Momentum ETF (JOET) and Marex Group PLC (MRX). 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 | MRX | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.32 | ||
| Sortino ratioReturn per unit of downside risk | +0.30 | ||
| Omega ratioGain probability vs. loss probability | 1.19 | 1.15 | +0.03 |
| Calmar ratioReturn relative to maximum drawdown | 1.35 | 0.86 | +0.49 |
| Martin ratioReturn relative to average drawdown | 5.19 | 2.00 | +3.18 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
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Sharpe Ratios by Period
| JOET | MRX | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 1.05 | 0.73 | +0.32 |
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 | 1.62 | -0.91 |
Drawdowns
JOET vs. MRX - Drawdown Comparison
The maximum JOET drawdown since its inception was -26.58%, smaller than the maximum MRX drawdown of -41.13%. Use the drawdown chart below to compare losses from any high point for JOET and MRX.
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Drawdown Indicators
| JOET | MRX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -26.58% | -41.13% | +14.55% |
Max Drawdown (1Y)Largest decline over 1 year | -10.42% | -33.18% | +22.76% |
Max Drawdown (3Y)Largest decline over 3 years | -19.55% | — | — |
Max Drawdown (5Y)Largest decline over 5 years | -26.58% | — | — |
Current DrawdownCurrent decline from peak | 0.00% | -7.20% | +7.20% |
Average DrawdownAverage peak-to-trough decline | -7.18% | -12.25% | +5.07% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.71% | 14.49% | -11.78% |
Volatility
JOET vs. MRX - Volatility Comparison
The current volatility for Virtus Terranova U.S. Quality Momentum ETF (JOET) is 3.50%, while Marex Group PLC (MRX) has a volatility of 15.92%. This indicates that JOET experiences smaller price fluctuations and is considered to be less risky than MRX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| JOET | MRX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 3.50% | 15.92% | -12.42% |
Volatility (6M)Calculated over the trailing 6-month period | 10.37% | 28.63% | -18.26% |
Volatility (1Y)Calculated over the trailing 1-year period | 13.45% | 39.34% | -25.89% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 17.70% | 41.62% | -23.92% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 17.52% | 41.62% | -24.10% |
Dividends
JOET vs. MRX - Dividend Comparison
JOET's dividend yield for the trailing twelve months is around 0.61%, less than MRX's 1.13% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 |
|---|---|---|---|---|---|---|---|
JOET Virtus Terranova U.S. Quality Momentum ETF | 0.61% | 0.65% | 0.71% | 1.32% | 1.25% | 0.42% | 0.08% |
MRX Marex Group PLC | 1.13% | 1.54% | 0.90% | 0.00% | 0.00% | 0.00% | 0.00% |
Frequently Asked Questions
JOET and MRX have a correlation of 0.27, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
MRX has higher volatility (15.92%) compared to JOET (3.50%). In terms of maximum drawdown, JOET dropped -26.58% vs MRX's -41.13%.
JOET currently has the higher Sharpe Ratio (1.05 vs 0.73), 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.
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