JOET - ETF AI Analysis
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Virtus Terranova US Quality Momentum ETF (JOET)
Rating:75Outperform
Price Target:―
Positive Factors
Strong Top Holdings Performance
Many of the largest positions, especially in technology and industrials, have shown strong gains this year, helping support the ETF’s overall results.
Sector Diversification Across the U.S. Economy
The fund spreads its investments across several key sectors like technology, financials, industrials, and consumer stocks, which helps reduce the impact if any one area slows down.
Moderate Expense Ratio for an Active Strategy
The ETF’s fee is moderate for a rules-based, quality-momentum strategy, allowing investors to keep a reasonable share of returns after costs.
Negative Factors
Heavy U.S.-Only Exposure
With almost all assets in U.S. companies, the fund offers little geographic diversification and is highly tied to the health of the U.S. market.
Concentration in Technology and Financials
A large portion of the portfolio is in technology and financial stocks, which can increase risk if these sectors experience a downturn.
Recent Performance Only Modestly Positive
While returns have been positive year-to-date and in recent months, they have been relatively modest, which may not appeal to investors seeking stronger recent momentum.
JOET vs. SPDR S&P 500 ETF (SPY)
AUM235.71M
RegionNorth America
Expense Ratio0.29%
Beta1.03
IssuerVirtus
Inception DateNov 17, 2020
Dividend Yield0.65%
Asset ClassEquity
Index TrackedTerranova U.S. Quality Momentum Index - Benchmark TR Gross
Share Statistics
EPS (TTM)N/A
Shares OutstandingN/A
10 Day Avg. Volume21,216
30 Day Avg. Volume28,215
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
49.16Price Target Upside― Downside
Rating ConsensusModerate Buy
Number of Analyst Covering125
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 on large U.S. companies that are both financially strong and showing recent stock price strength. It holds well-known names like Micron and Ulta Beauty, and spreads investments across many sectors, with a tilt toward technology and financials. Someone might invest in JOET to seek growth from leading U.S. companies while still getting broad diversification across industries. A key risk is that it can rise or fall quickly with shifts in market momentum, especially if popular large-cap stocks lose 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 into U.S. large-cap quality with a clear tilt toward industrial and tech momentum names. Vertiv and Applied Materials are the real engines here, rising strongly over the past few months and giving the fund a lift, especially on the tech and infrastructure side. Quanta Services and Ross Stores add steady, upward pressure, reflecting solid demand in construction and off-price retail. On the flip side, Howmet Aerospace and Burlington Stores have been lagging lately, acting like a mild headwind rather than a full-on drag, within this all‑U.S. lineup.
Name | Company Name | Weight % | Market Value | Market Cap | Yearly Gain | Overall Rating |
|---|---|---|---|---|---|---|
| Vertiv Holdings | 1.28% | $2.96M | $114.76B | 327.05% | 77 Outperform | |
| Monolithic Power | 1.01% | $2.34M | $67.40B | 152.13% | 75 Outperform | |
| Quanta Services | 1.00% | $2.32M | $89.15B | 117.22% | 78 Outperform | |
| Edison International | 0.99% | $2.29M | $27.86B | 27.19% | 77 Outperform | |
| Applied Materials | 0.99% | $2.28M | $314.06B | 172.07% | 77 Outperform | |
| Ross Stores | 0.98% | $2.26M | $71.22B | 53.80% | 80 Outperform | |
| Trane Technologies | 0.98% | $2.25M | $104.68B | 36.81% | 70 Outperform | |
| Howmet Aerospace | 0.96% | $2.22M | $102.70B | 105.78% | 67 Neutral | |
| Westinghouse Air Brake Technologies | 0.95% | $2.19M | $45.88B | 55.26% | 79 Outperform | |
| Burlington Stores | 0.95% | $2.18M | $20.84B | 38.81% | 68 Neutral |
JOET Technical Analysis
Positive
―
Price Trends
41.51
Positive
41.96
Positive
41.81
Positive
Market Momentum
0.26
Negative
63.74
Neutral
98.92
Negative
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 40.65, equal to the 50-day MA of 41.51, and equal to the 200-day MA of 41.81, indicating a bullish trend. The MACD of 0.26 indicates Negative momentum. The RSI at 63.74 is Neutral, neither overbought nor oversold. The STOCH value of 98.92 is Negative, 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
42.49
7.70
22.13%
STRV
Strive 500 ETF
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―
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VOTE
Engine No. 1 Transform 500 ETF
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―
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EFIV
SPDR S&P 500 ESG ETF
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―
―
QQQJ
Invesco NASDAQ Next Gen 100 ETF
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―
―
BALI
BlackRock Advantage Large Cap Income 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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