JOET vs. VOTE

Last updated Apr 2, 2026

Compare and contrast key facts about Virtus Terranova U.S. Quality Momentum ETF (JOET) and Engine No. 1 Transform 500 ETF (VOTE).

JOET and VOTE 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. VOTE is a passively managed fund by Engine No. 1 LLC that tracks the performance of the Morningstar US Large Cap Index. It was launched on Jun 22, 2021. Both JOET and VOTE 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. VOTE - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Virtus Terranova U.S. Quality Momentum ETF (JOET) and Engine No. 1 Transform 500 ETF (VOTE). The values are adjusted to include any dividend payments, if applicable.

JOET vs. VOTE - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021
JOET Virtus Terranova U.S. Quality Momentum ETF	-3.93%	11.89%	24.01%	16.34%	-18.04%	16.09%
VOTE Engine No. 1 Transform 500 ETF	-3.84%	17.95%	25.23%	27.60%	-19.74%	12.08%

Returns By Period

The year-to-date returns for both investments are quite close, with JOET having a -3.93% return and VOTE slightly higher at -3.84%.

JOET

• 1D: 0.80%
• 1M: -5.50%
• YTD: -3.93%
• 6M: -5.31%
• 1Y: 10.37%
• 3Y*: 14.63%
• 5Y*: 9.33%
• 10Y*: —

VOTE

• 1D: 0.88%
• 1M: -4.29%
• YTD: -3.84%
• 6M: -1.77%
• 1Y: 18.40%
• 3Y*: 18.89%
• 5Y*: —
• 10Y*: —

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

JOET vs. VOTE - Expense Ratio Comparison

JOET has a 0.29% expense ratio, which is higher than VOTE's 0.05% expense ratio.

JOET

Virtus Terranova U.S. Quality Momentum ETF

VOTE

Engine No. 1 Transform 500 ETF

Return for Risk

JOET vs. VOTE — Risk / Return Rank

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

JOET

JOET Risk / Return Rank: 32
JOET Sharpe Ratio Rank: 29
JOET Sortino Ratio Rank: 29
JOET Omega Ratio Rank: 29
JOET Calmar Ratio Rank: 35
JOET Martin Ratio Rank: 38

VOTE

VOTE Risk / Return Rank: 59
VOTE Sharpe Ratio Rank: 53
VOTE Sortino Ratio Rank: 57
VOTE Omega Ratio Rank: 61
VOTE Calmar Ratio Rank: 58
VOTE Martin Ratio Rank: 68

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. VOTE - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Virtus Terranova U.S. Quality Momentum ETF (JOET) and Engine No. 1 Transform 500 ETF (VOTE). 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	VOTE	Difference
Sharpe ratio Return per unit of total volatility	0.55	1.00	-0.45
Sortino ratio Return per unit of downside risk	0.91	1.52	-0.61
Omega ratio Gain probability vs. loss probability	1.13	1.23	-0.10
Calmar ratio Return relative to maximum drawdown	0.93	1.57	-0.64
Martin ratio Return relative to average drawdown	3.60	7.30	-3.70
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. VOTE - Sharpe Ratio Comparison

The current JOET Sharpe Ratio is 0.55, which is lower than the VOTE Sharpe Ratio of 1.00. The chart below compares the historical Sharpe Ratios of JOET and VOTE, offering insights into how both investments have performed under varying market conditions. These values are calculated using daily returns over the previous 12 months.

Sharpe Ratios by Period

	JOET	VOTE	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	0.55	1.00	-0.45
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	0.53	—	—
Sharpe Ratio (All Time) Calculated using the full available price history	0.60	0.63	-0.03

Correlation

The correlation between JOET and VOTE is 0.92, 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. VOTE - Dividend Comparison

JOET's dividend yield for the trailing twelve months is around 0.68%, less than VOTE's 1.04% yield.

	TTM	2025	2024	2023	2022	2021	2020
JOET Virtus Terranova U.S. Quality Momentum ETF	0.68%	0.65%	0.71%	1.32%	1.25%	0.42%	0.08%
VOTE Engine No. 1 Transform 500 ETF	1.04%	1.03%	1.18%	1.33%	1.54%	0.54%	0.00%

Drawdowns

JOET vs. VOTE - Drawdown Comparison

The maximum JOET drawdown since its inception was -26.58%, roughly equal to the maximum VOTE drawdown of -25.71%. Use the drawdown chart below to compare losses from any high point for JOET and VOTE.

Drawdown Indicators

	JOET	VOTE	Difference
Max Drawdown Largest peak-to-trough decline	-26.58%	-25.71%	-0.87%
Max Drawdown (1Y) Largest decline over 1 year	-11.87%	-12.07%	+0.20%
Max Drawdown (5Y) Largest decline over 5 years	-26.58%	—	—
Current Drawdown Current decline from peak	-7.20%	-5.68%	-1.52%
Average Drawdown Average peak-to-trough decline	-7.36%	-6.34%	-1.02%
Ulcer Index Depth and duration of drawdowns from previous peaks	3.07%	2.59%	+0.48%

Volatility

JOET vs. VOTE - Volatility Comparison

Virtus Terranova U.S. Quality Momentum ETF (JOET) and Engine No. 1 Transform 500 ETF (VOTE) have volatilities of 5.53% and 5.40%, respectively, indicating that both stocks experience similar levels of price fluctuations. This suggests that the risk associated with both stocks, as measured by volatility, is nearly the same. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	JOET	VOTE	Difference
Volatility (1M) Calculated over the trailing 1-month period	5.53%	5.40%	+0.13%
Volatility (6M) Calculated over the trailing 6-month period	10.41%	9.74%	+0.67%
Volatility (1Y) Calculated over the trailing 1-year period	18.87%	18.50%	+0.37%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	17.69%	17.30%	+0.39%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	17.62%	17.30%	+0.32%