JOET vs. SCHD
Compare and contrast key facts about Virtus Terranova U.S. Quality Momentum ETF (JOET) and Schwab US Dividend Equity ETF (SCHD).
JOET and SCHD 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. SCHD is a passively managed fund by Charles Schwab that tracks the performance of the Dow Jones U.S. Dividend 100 Index. It was launched on Oct 20, 2011. Both JOET and SCHD are passive ETFs, meaning that they are not actively managed but aim to replicate the performance of the underlying index as closely as possible.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: JOET or SCHD.
Key characteristics
| JOET | SCHD | |
|---|---|---|
| YTD Return | 19.71% | 13.91% |
| 1Y Return | 33.67% | 24.71% |
| 3Y Return (Ann) | 5.01% | 6.00% |
| Sharpe Ratio | 2.60 | 2.32 |
| Sortino Ratio | 3.55 | 3.34 |
| Omega Ratio | 1.46 | 1.41 |
| Calmar Ratio | 2.23 | 2.39 |
| Martin Ratio | 15.79 | 12.61 |
| Ulcer Index | 2.25% | 2.04% |
| Daily Std Dev | 13.59% | 11.09% |
| Max Drawdown | -26.58% | -33.37% |
| Current Drawdown | -3.43% | -2.36% |
Correlation
The correlation between JOET and SCHD is 0.76, 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.
Performance
JOET vs. SCHD - Performance Comparison
In the year-to-date period, JOET achieves a 19.71% return, which is significantly higher than SCHD's 13.91% 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. SCHD - Expense Ratio Comparison
JOET has a 0.29% expense ratio, which is higher than SCHD's 0.06% expense ratio.
Risk-Adjusted Performance
JOET vs. SCHD - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for Virtus Terranova U.S. Quality Momentum ETF (JOET) and Schwab US Dividend Equity ETF (SCHD). 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. SCHD - Dividend Comparison
JOET's dividend yield for the trailing twelve months is around 1.10%, less than SCHD's 3.47% yield.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
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% | 0.00% | 0.00% |
SCHD Schwab US Dividend Equity ETF | 3.47% | 3.49% | 3.39% | 2.78% | 3.16% | 2.98% | 3.06% | 2.63% | 2.89% | 2.97% | 2.63% | 2.47% |
Drawdowns
JOET vs. SCHD - Drawdown Comparison
The maximum JOET drawdown since its inception was -26.58%, smaller than the maximum SCHD drawdown of -33.37%. Use the drawdown chart below to compare losses from any high point for JOET and SCHD. For additional features, visit the drawdowns tool.
Volatility
JOET vs. SCHD - Volatility Comparison
Virtus Terranova U.S. Quality Momentum ETF (JOET) has a higher volatility of 3.17% compared to Schwab US Dividend Equity ETF (SCHD) at 2.75%. This indicates that JOET's price experiences larger fluctuations and is considered to be riskier than SCHD based on this measure. The chart below showcases a comparison of their rolling one-month volatility.