JOET - ETF AI Analysis
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Virtus Terranova US Quality Momentum ETF (JOET)
Rating:74Outperform
Price Target:―
Positive Factors
Strong Year-to-Date Results
The ETF has delivered solid gains so far this year, showing that its strategy has recently been working well for investors.
Momentum in Top Technology Holdings
Several of the largest technology positions, such as Micron, AMD, and Western Digital, have shown strong performance, helping drive the fund’s returns.
Broad Sector Diversification
Holdings spread across technology, industrials, financials, health care, and other sectors help reduce the impact if any single industry runs into trouble.
Negative Factors
Recent Short-Term Pullback
The ETF has slipped over the past month, reminding investors that momentum strategies can be sensitive to short-term market swings.
Heavy Focus on U.S. Market
With almost all assets in U.S. companies, the fund offers little geographic diversification and is highly tied to the U.S. economy.
Concentration in Technology and Industrials
A large share of the portfolio is in technology and industrial stocks, which could hurt performance if these sectors fall out of favor.
JOET vs. SPDR S&P 500 ETF (SPY)
AUM238.42M
RegionNorth America
Expense Ratio0.29%
Beta0.99
IssuerVirtus
Inception DateNov 17, 2020
Dividend Yield0.61%
Asset ClassEquity
Index TrackedTerranova U.S. Quality Momentum Index - Benchmark TR Gross
Share Statistics
EPS (TTM)N/A
Shares OutstandingN/A
10 Day Avg. Volume20,664
30 Day Avg. Volume20,570
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
54.23Price Target Upside― Downside
Rating ConsensusModerate Buy
Number of Analyst Covering124
EPS Forecast (FY)N/A
Revenue Forecast (FY)N/A
JOET Summary
JOET is the Virtus Terranova US Quality Momentum ETF, which follows the Terranova U.S. Quality Momentum Index. It focuses on large, established U.S. companies that show strong business performance and rising stock prices. The fund is heavily invested in technology and industrials, and holds well-known names like Advanced Micro Devices (AMD) and Eli Lilly. Investors might consider JOET for growth potential and diversification across many leading U.S. companies. A key risk is that it targets stocks with strong recent performance, so returns can swing up and down with market trends and may fall if momentum fades.
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 into U.S. large-cap momentum stories, with tech and AI-related names doing much of the heavy lifting. Marvell, Arista Networks, Lam Research, and Hewlett Packard Enterprise are all riding the AI and data-center wave, giving the fund a clear technology tilt and helping performance stay on the front foot. Newmont Mining and ConocoPhillips add a cyclical flavor, benefiting from firm commodity trends, while Fox and Corning are more mixed, occasionally tapping the brakes. Overall, it’s a U.S.-only portfolio powered mainly by growthy, tech-driven leaders.
Name | Company Name | Weight % | Market Value | Market Cap | Yearly Gain | Overall Rating |
|---|---|---|---|---|---|---|
| Newmont Mining | 1.10% | $2.66M | $133.62B | 60.01% | 81 Outperform | |
| Hewlett Packard Enterprise | 1.09% | $2.62M | $82.42B | 151.07% | 68 Neutral | |
| Marvell | 1.08% | $2.60M | $207.04B | 250.56% | 76 Outperform | |
| Corning | 1.05% | $2.54M | $143.34B | 115.99% | 74 Outperform | |
| Okta | 0.97% | $2.35M | $29.11B | 84.30% | 75 Outperform | |
| Conocophillips | 0.96% | $2.31M | $165.00B | 48.60% | 78 Outperform | |
| Micron | 0.95% | $2.28M | $1.10T | 520.28% | 79 Outperform | |
| Devon Energy | 0.94% | $2.26M | $55.25B | 44.46% | 79 Outperform | |
| Arista Networks | 0.94% | $2.26M | $251.73B | 43.19% | 83 Outperform | |
| Amphenol | 0.93% | $2.24M | $206.94B | 41.42% | 78 Outperform |
JOET Technical Analysis
Negative
―
Price Trends
45.83
Negative
45.02
Negative
43.54
Positive
Market Momentum
-0.28
Positive
37.54
Neutral
23.37
Neutral
Evaluating momentum and price trends is crucial in ETF analysis to make informed investment decisions. For JOET, the sentiment is Negative. The current price of undefined is equal to the 20-day moving average (MA) of 45.74, equal to the 50-day MA of 45.83, and equal to the 200-day MA of 43.54, indicating a neutral trend. The MACD of -0.28 indicates Positive momentum. The RSI at 37.54 is Neutral, neither overbought nor oversold. The STOCH value of 23.37 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Negative sentiment for JOET.
JOET Peer Comparison
Comparison Results
Performance Comparison
JOET
Virtus Terranova US Quality Momentum ETF
44.85
2.79
6.63%
IUS
Invesco RAFI Strategic US ETF
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―
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CVLC
Calvert US Large-Cap Core Responsible Index ETF
―
―
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FTQI
First Trust Hedged BuyWrite Income ETF
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―
―
SPHB
Invesco S&P 500 High Beta ETF
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―
―
PTL
Inspire 500 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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