JOET - ETF AI Analysis
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Virtus Terranova US Quality Momentum ETF (JOET)
Rating:75Outperform
Price Target:―
Positive Factors
Strong Top Holdings Momentum
Many of the largest positions have shown strong gains so far this year, which has helped support the ETF’s overall results.
Broad Sector Diversification
The fund spreads its investments across many sectors, including financials, technology, industrials, consumer, and health care, which helps reduce the impact of weakness in any single industry.
Moderate Expense Ratio
The ETF charges a mid-range fee that is not especially high for an actively managed, factor-focused strategy, allowing investors to keep a reasonable share of returns after costs.
Negative Factors
Heavy U.S. Concentration
With almost all assets invested in U.S. companies, the fund offers very little geographic diversification and is highly tied to the U.S. market.
Financials and Technology Tilt
Large weights in financial and technology stocks mean the ETF could be more sensitive to downturns in these two sectors.
Recent Short-Term Performance Bumpiness
While the fund has risen over the year to date and in the last month, its recent three-month results have been slightly negative, showing that returns can be uneven over shorter periods.
JOET vs. SPDR S&P 500 ETF (SPY)
AUM238.70M
RegionNorth America
Expense Ratio0.29%
Beta1.00
IssuerVirtus
Inception DateNov 17, 2020
Dividend Yield0.6%
Asset ClassEquity
Index TrackedTerranova U.S. Quality Momentum Index - Benchmark TR Gross
Share Statistics
EPS (TTM)N/A
Shares OutstandingN/A
10 Day Avg. Volume24,813
30 Day Avg. Volume22,159
Financial Highlights & Ratios
PEG RatioN/A
Price to Book (P/B)N/A
Price to Sales (P/S)N/A
P/FCF RatioN/A
Enterprise Value/Market CapN/A
Enterprise Value/RevenueN/A
Enterprise Value/Gross ProfitN/A
Enterprise Value/EbitdaN/A
Forecast
1Y Price Target
51.86Price Target Upside― Downside
Rating ConsensusModerate Buy
Number of Analyst Covering124
EPS Forecast (FY)N/A
Revenue Forecast (FY)N/A
JOET Summary
JOET is an ETF that follows the Terranova U.S. Quality Momentum Index, focusing mainly on large U.S. companies that are financially strong and whose stock prices have been trending higher. It holds well-known names like Broadcom and Texas Instruments, and spreads investments across sectors such as financials, technology, and industrials. Someone might invest in JOET to seek growth from leading U.S. companies while still staying diversified across many industries. A key risk is that it can go up and down with the stock market and may be especially affected if high‑momentum stocks fall out of favor.
How much will it cost me?The expense ratio for the Virtus Terranova US Quality Momentum ETF (JOET) is 0.29%, which means you’ll pay $2.90 per year for every $1,000 invested. This is slightly higher than average for ETFs because it is actively managed, focusing on selecting stocks with strong quality and momentum factors. Active management typically involves more research and trading, which increases costs.
What would affect this ETF?The Virtus Terranova US Quality Momentum ETF (JOET) could benefit from strong performance in the U.S. large-cap market, particularly in sectors like technology and financials, which make up a significant portion of its holdings. Positive economic growth and innovation within these sectors may drive momentum for the ETF. However, rising interest rates or economic slowdowns could negatively impact financial and consumer cyclical stocks, while regulatory changes in technology or communication services could also pose risks.
JOET Top 10 Holdings
JOET is leaning hard into U.S. tech and industrial leaders, with names like Datadog, Micron, AMD, and Western Digital doing most of the heavy lifting as demand for AI and data infrastructure keeps their shares rising. Vertiv and Quanta Services add more momentum from the industrial side, riding the build-out of power and networking gear. On the flip side, First Solar and Eli Lilly look a bit tired, with more mixed or lagging moves that slightly dampen results. Overall, it’s a U.S.-only, growth-tilted story powered by quality momentum names.
Name | Company Name | Weight % | Market Value | Market Cap | Yearly Gain | Overall Rating |
|---|---|---|---|---|---|---|
| Micron | 1.46% | $3.51M | $1.23T | 748.23% | 79 Outperform | |
| Devon Energy | 1.33% | $3.21M | $50.21B | 23.57% | 79 Outperform | |
| Marvell | 1.32% | $3.18M | $270.21B | 298.16% | 76 Outperform | |
| Datadog | 1.30% | $3.14M | $82.97B | 85.12% | 69 Neutral | |
| Western Digital | 1.27% | $3.06M | $225.26B | 1062.85% | 77 Outperform | |
| Advanced Micro Devices | 1.13% | $2.73M | $892.36B | 299.13% | 73 Outperform | |
| NetApp | 1.11% | $2.68M | $31.70B | 56.26% | 76 Outperform | |
| Lam Research | 1.06% | $2.56M | $486.37B | 298.60% | 77 Outperform | |
| Applied Materials | 1.05% | $2.53M | $465.09B | 226.40% | 77 Outperform | |
| Cisco Systems | 1.01% | $2.44M | $473.64B | 83.02% | 77 Outperform |
JOET Technical Analysis
Positive
―
Price Trends
43.56
Positive
42.57
Positive
42.42
Positive
Market Momentum
0.55
Negative
61.68
Neutral
74.74
Neutral
Evaluating momentum and price trends is crucial in ETF analysis to make informed investment decisions. For JOET, the sentiment is Positive. The current price of undefined is equal to the 20-day moving average (MA) of 44.68, equal to the 50-day MA of 43.56, and equal to the 200-day MA of 42.42, indicating a bullish trend. The MACD of 0.55 indicates Negative momentum. The RSI at 61.68 is Neutral, neither overbought nor oversold. The STOCH value of 74.74 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Positive sentiment for JOET.
JOET Peer Comparison
Comparison Results
Performance Comparison
JOET
Virtus Terranova US Quality Momentum ETF
45.54
5.99
15.15%
SPHB
Invesco S&P 500 High Beta ETF
―
―
―
DSPY
Tema S&P 500 Historical Weight ETF Strategy
―
―
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QLC
FlexShares US Quality Large Cap Index Fund
―
―
―
FTQI
First Trust Hedged BuyWrite Income ETF
―
―
―
IUS
Invesco RAFI Strategic US ETF
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Glossary
BuyAn ETF rated as a "Buy" is expected to perform better than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the ETF is likely to deliver higher returns compared to other ETFs in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
HoldAn ETF rated as a "Hold" s expected to perform in line with the overall market or a specific benchmark. This rating indicates that the ETF is neither particularly compelling nor unfavorable for investment. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
SellAn ETF rated as a "Sell" is expected to perform worse than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the ETF may deliver lower returns compared to other ETFs in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
DisclaimerThis AI Analyst ETF Report is automatically generated by our AI systems using advanced algorithms and publicly available financial, technical, and market data. While the information provided aims to be accurate and insightful, it is intended for informational purposes only and should not be considered financial advice. Any content created by an AI (Artificial Intelligence) system may contain inaccuracies and/or contain errors. Investing in ETFs carries inherent risks, and past performance is not indicative of future results. This report does not account for your personal financial circumstances, objectives, or risk tolerance. Always conduct your own research or consult with a qualified financial advisor before making investment decisions. The analysis and recommendations provided are based on historical and current data and may not fully reflect future market conditions or unexpected developments. Neither the creators of this report nor its affiliated entities guarantee the accuracy, completeness, or reliability of the information presented. Use this report at your own discretion and risk.Date of analysis: ―
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