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SSMG vs. JOET
Performance
Return for Risk
Drawdowns
Volatility
Dividends

SSMG vs. JOET

Last updated Aug 5, 2026
Documentation

SSMG (Virtus Silvant Small/Mid Growth ETF) and JOET (Virtus Terranova U.S. Quality Momentum ETF) are both exchange-traded funds - SSMG is a Mid Cap Growth Equities fund actively managed by Virtus, while JOET is a Quality Factor fund tracking the Terranova U.S. Quality Momentum Index. SSMG is actively managed, while JOET is passively managed. Their correlation of 0.90 means they have usually moved in the same direction. SSMG charges 0.39%/yr vs 0.29%/yr for JOET.

Performance

SSMG vs. JOET - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Virtus Silvant Small/Mid Growth ETF (SSMG) and Virtus Terranova U.S. Quality Momentum ETF (JOET). The values are adjusted to include any dividend payments, if applicable.

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Returns By Period

SSMG

1D
3.18%
1M
-0.84%
6M
—
YTD
—
1Y
—
3Y*
—
5Y*
—
10Y*
—
ALL TIME*
—

JOET

1D
1.82%
1M
2.11%
6M
10.05%
YTD
11.20%
1Y
14.13%
3Y*
18.40%
5Y*
9.67%
10Y*
—
ALL TIME*
12.51%
*Multi-year figures are annualized to reflect compound growth (CAGR)

Liquidity Comparison

PositionAvg. Volume Value (2W)Avg. Volume Value (1M)Avg. Volume Value (3M)

JOET

Virtus Terranova U.S. Quality Momentum ETF
$933.00K$1.02M$912.73K

SSMG

Virtus Silvant Small/Mid Growth ETF
$5.89K$3.26K$5.76K

SSMG vs. JOET - Yearly Performance Comparison

2026 (YTD)
SSMG
Virtus Silvant Small/Mid Growth ETF		7.79%
JOET
Virtus Terranova U.S. Quality Momentum ETF		9.15%

Correlation

The correlation between SSMG and JOET is 0.90, meaning they have usually moved in the same direction, including during past declines.

Correlation
Correlation (All Time)
Calculated using the full available price history since Apr 22, 2026

0.90

SSMG vs. JOET - Sectors Allocation Comparison

Sectors
SSMG
JOET

Industrials

25.8%
22.5%

Technology

25.3%
26.6%

Healthcare

18.6%
11.2%

Consumer Cyclical

9.4%
9.6%

Financial Services

8.2%
14.5%

Energy

4.5%
4.6%

Basic Materials

3.5%
2.8%

Utilities

1.5%
0.8%

Communication Services

1.4%
3.5%

Real Estate

0.7%
2.3%

Consumer Defensive

-

1.6%

Industrials

SSMG
25.8%
JOET
22.5%

Technology

SSMG
25.3%
JOET
26.6%

Healthcare

SSMG
18.6%
JOET
11.2%

Consumer Cyclical

SSMG
9.4%
JOET
9.6%

Financial Services

SSMG
8.2%
JOET
14.5%

Energy

SSMG
4.5%
JOET
4.6%

Basic Materials

SSMG
3.5%
JOET
2.8%

Utilities

SSMG
1.5%
JOET
0.8%

Communication Services

SSMG
1.4%
JOET
3.5%

Real Estate

SSMG
0.7%
JOET
2.3%

Consumer Defensive

SSMG

-

JOET
1.6%

Compare stocks, funds, or ETFs

Search for stocks, ETFs, and funds for a quick comparison or use the comparison tool for more options.

Virtus Silvant Small/Mid Growth ETF

Virtus Terranova U.S. Quality Momentum ETF

Often compared with SSMG:
SSMG vs. QQQNSSMG vs. VDISSMG vs. SEIXSSMG vs. TPLCSSMG vs. JHMMSSMG vs. QMIDSSMG vs. VOT
Often compared with JOET:
JOET vs. SPYJOET vs. VOOJOET vs. FFNDJOET vs. JEPIJOET vs. ONEOJOET vs. QQQJOET vs. ARKK

Return for Risk

SSMG vs. JOET — Risk / Return Rank

Compare historical risk-adjusted metric ranks over the past 12 months.
SSMG

Risk / return metrics aren't available yet — we need at least 12 months of trading data to calculate them.

JOET
JOET Risk / Return Rank: 3737
Overall Rank
JOET Sharpe Ratio Rank: 3737
Sharpe Ratio Rank
JOET Sortino Ratio Rank: 3636
Sortino Ratio Rank
JOET Omega Ratio Rank: 3434
Omega Ratio Rank
JOET Calmar Ratio Rank: 3636
Calmar Ratio Rank
JOET Martin Ratio Rank: 4343
Martin Ratio Rank
The rank (0–100) uses a weighted average of the Sharpe, Sortino, Omega, Calmar, and Martin percentile ranks for the trailing 12 months. Higher means stronger historical risk-adjusted performance within the peer group.

SSMG vs. JOET - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Virtus Silvant Small/Mid Growth ETF (SSMG) and Virtus Terranova U.S. Quality Momentum ETF (JOET). 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.

Values are calculated on a 1-year rolling basis and updated daily. Risk-adjusted metrics are more stable over longer periods — use the period switch above to explore them.

SSMGJOETDifference
Sharpe ratioReturn per unit of total volatility

—

1.02

—

Sortino ratioReturn per unit of downside risk

—

1.51

—

Omega ratioGain probability vs. loss probability

—

1.18

—

Calmar ratioReturn relative to maximum drawdown

—

1.36

—

Martin ratioReturn relative to average drawdown

—

5.16

—

SSMG vs. JOET - Sharpe Ratio Comparison

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Drawdowns

SSMG vs. JOET - Drawdown Comparison

The maximum SSMG drawdown since its inception was -13.72%, smaller than the maximum JOET drawdown of -26.58%. Use the drawdown chart below to compare losses from any high point for SSMG and JOET.

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Drawdown Indicators

SSMGJOETDifference

Max Drawdown

Largest peak-to-trough decline

-13.72%

-26.58%

+12.86%

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

-4.83%

0.00%

-4.83%

Average Drawdown

Average peak-to-trough decline

-3.36%

-7.01%

+3.65%

Ulcer Index

Depth and duration of drawdowns from previous peaks

—

2.74%

—

Volatility

SSMG vs. JOET - Volatility Comparison

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Volatility by Period

SSMGJOETDifference

Volatility (1M)

Calculated over the trailing 1-month period

—

3.62%

—

Volatility (6M)

Calculated over the trailing 6-month period

—

11.04%

—

Volatility (1Y)

Calculated over the trailing 1-year period

28.58%

14.04%

+14.54%

Volatility (5Y)

Calculated over the trailing 5-year period, annualized

28.58%

17.82%

+10.76%

Volatility (10Y)

Calculated over the trailing 10-year period, annualized

28.58%

17.46%

+11.12%

SSMG vs. JOET - Expense Ratio Comparison

SSMG has a 0.39% expense ratio, which is higher than JOET's 0.29% expense ratio.

Dividends

SSMG vs. JOET - Dividend Comparison

SSMG has not paid dividends to shareholders, while JOET's dividend yield for the trailing twelve months is around 0.59%.

PositionTTM202520242023202220212020
JOET
Virtus Terranova U.S. Quality Momentum ETF		0.59%0.65%0.71%1.32%1.25%0.42%0.08%
SSMG
Virtus Silvant Small/Mid Growth ETF		0.00%0.00%0.00%0.00%0.00%0.00%0.00%

Frequently Asked Questions

With a correlation of 0.90, SSMG and JOET move almost identically. Holding both adds very little diversification - you're essentially doubling your position in the same market segment. Choosing one is usually more capital-efficient.

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.

JOET is cheaper with a 0.29% expense ratio, compared with 0.39% for SSMG.

JOET has the higher dividend yield at 0.59%, compared with 0.00% for SSMG.

SSMG is categorized as Mid Cap Growth Equities, while JOET is Quality Factor. Their fees differ too: 0.39% for SSMG and 0.29% for JOET.

Portfolio Optimizer

Find the right allocation for SSMG and JOET

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