JOET vs. SWPPX
Compare and contrast key facts about Virtus Terranova U.S. Quality Momentum ETF (JOET) and Schwab S&P 500 Index Fund (SWPPX).
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. SWPPX is a passively managed fund by Charles Schwab that tracks the performance of the S&P 500 Index. It was launched on May 19, 1997. Both JOET and SWPPX are passive ETFs, meaning that they are not actively managed but aim to replicate the performance of the underlying index as closely as possible.
Performance
JOET vs. SWPPX - Performance Comparison
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JOET vs. SWPPX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | |
|---|---|---|---|---|---|---|---|
JOET Virtus Terranova U.S. Quality Momentum ETF | -4.69% | 11.89% | 24.01% | 16.34% | -18.04% | 26.79% | 6.00% |
SWPPX Schwab S&P 500 Index Fund | -7.07% | 17.87% | 24.96% | 26.26% | -18.14% | 28.67% | 5.47% |
Returns By Period
In the year-to-date period, JOET achieves a -4.69% return, which is significantly higher than SWPPX's -7.07% return.
JOET
- 1D
- 2.77%
- 1M
- -6.32%
- YTD
- -4.69%
- 6M
- -6.33%
- 1Y
- 10.17%
- 3Y*
- 14.33%
- 5Y*
- 9.16%
- 10Y*
- —
SWPPX
- 1D
- -0.37%
- 1M
- -7.65%
- YTD
- -7.07%
- 6M
- -4.58%
- 1Y
- 14.43%
- 3Y*
- 17.15%
- 5Y*
- 11.39%
- 10Y*
- 13.71%
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JOET vs. SWPPX - Expense Ratio Comparison
JOET has a 0.29% expense ratio, which is higher than SWPPX's 0.02% expense ratio.
Return for Risk
JOET vs. SWPPX — Risk / Return Rank
JOET
SWPPX
JOET vs. SWPPX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Virtus Terranova U.S. Quality Momentum ETF (JOET) and Schwab S&P 500 Index Fund (SWPPX). 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 | SWPPX | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | 0.54 | 0.84 | -0.29 |
Sortino ratioReturn per unit of downside risk | 0.89 | 1.30 | -0.40 |
Omega ratioGain probability vs. loss probability | 1.13 | 1.20 | -0.07 |
Calmar ratioReturn relative to maximum drawdown | 0.91 | 1.06 | -0.15 |
Martin ratioReturn relative to average drawdown | 3.54 | 5.14 | -1.60 |
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 | SWPPX | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 0.54 | 0.84 | -0.29 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.52 | 0.68 | -0.16 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | — | 0.76 | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.59 | 0.48 | +0.11 |
Correlation
The correlation between JOET and SWPPX is 0.91, 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.
Dividends
JOET vs. SWPPX - Dividend Comparison
JOET's dividend yield for the trailing twelve months is around 0.69%, less than SWPPX's 1.19% yield.
| TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
JOET Virtus Terranova U.S. Quality Momentum ETF | 0.69% | 0.65% | 0.71% | 1.32% | 1.25% | 0.42% | 0.08% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
SWPPX Schwab S&P 500 Index Fund | 1.19% | 1.11% | 1.23% | 1.43% | 1.67% | 1.27% | 1.81% | 1.95% | 2.67% | 1.79% | 2.55% | 3.17% |
Drawdowns
JOET vs. SWPPX - Drawdown Comparison
The maximum JOET drawdown since its inception was -26.58%, smaller than the maximum SWPPX drawdown of -55.06%. Use the drawdown chart below to compare losses from any high point for JOET and SWPPX.
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Drawdown Indicators
| JOET | SWPPX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -26.58% | -55.06% | +28.48% |
Max Drawdown (1Y)Largest decline over 1 year | -11.87% | -12.10% | +0.23% |
Max Drawdown (5Y)Largest decline over 5 years | -26.58% | -24.51% | -2.07% |
Max Drawdown (10Y)Largest decline over 10 years | — | -33.80% | — |
Current DrawdownCurrent decline from peak | -7.93% | -8.89% | +0.96% |
Average DrawdownAverage peak-to-trough decline | -7.36% | -10.00% | +2.64% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 3.04% | 2.49% | +0.55% |
Volatility
JOET vs. SWPPX - Volatility Comparison
Virtus Terranova U.S. Quality Momentum ETF (JOET) has a higher volatility of 5.59% compared to Schwab S&P 500 Index Fund (SWPPX) at 4.29%. This indicates that JOET's price experiences larger fluctuations and is considered to be riskier than SWPPX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| JOET | SWPPX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 5.59% | 4.29% | +1.30% |
Volatility (6M)Calculated over the trailing 6-month period | 10.37% | 9.11% | +1.26% |
Volatility (1Y)Calculated over the trailing 1-year period | 18.86% | 18.14% | +0.72% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 17.69% | 16.89% | +0.80% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 17.63% | 18.19% | -0.56% |