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JOET - ETF AI Analysis
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Virtus Terranova US Quality Momentum ETF (JOET)
Rating:74Outperform
Price Target:―
Positive Factors
Strong Top Holdings
Several of the ETF's largest positions, such as Robinhood and Newmont Mining, have delivered strong year-to-date gains, supporting overall performance.
Sector Diversification
The ETF is spread across 11 sectors, including Financials, Technology, and Industrials, reducing reliance on any single industry.
Low Expense Ratio
The fund charges a competitive expense ratio, making it cost-effective compared to many actively managed ETFs.
Negative Factors
High Geographic Concentration
The ETF is heavily focused on U.S. companies, offering little exposure to international markets.
Recent Performance Volatility
Short-term performance has been mixed, with a decline over the past month despite gains year-to-date.
Overweight in Financials
Financials make up over 32% of the portfolio, which could increase risk if the sector faces challenges.
JOET vs. SPDR S&P 500 ETF (SPY)
AUM240.08M
RegionNorth America
Expense Ratio0.29%
Beta1.04
IssuerVirtus
Inception DateNov 17, 2020
Dividend Yield0.64%
Asset ClassEquity
Index TrackedTerranova U.S. Quality Momentum Index - Benchmark TR Gross
Share Statistics
EPS (TTM)N/A
Shares OutstandingN/A
10 Day Avg. Volume26,752
30 Day Avg. Volume36,063
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
50.17Price Target Upside― Downside
Rating ConsensusModerate Buy
Number of Analyst Covering125
EPS Forecast (FY)N/A
Revenue Forecast (FY)N/A
JOET Summary
The Virtus Terranova US Quality Momentum ETF (ticker: JOET) focuses on large-cap U.S. companies with strong financial health and upward price trends. It follows the Terranova U.S. Quality Momentum Index, blending stability and growth potential. Some well-known companies in the fund include Tesla and Alphabet (Google). Investors might consider JOET for diversification and exposure to established, high-performing firms. However, since it emphasizes large-cap stocks, its performance can fluctuate with the broader market trends.
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
The Virtus Terranova US Quality Momentum ETF (JOET) leans heavily into technology and financials, which together make up over half of its portfolio. Micron is a standout performer, riding the wave of AI-driven demand and strong revenue growth, while Carvana has been on a tear but faces valuation concerns. On the flip side, Cummins and Markel are steady but lack the same momentum, with challenges in revenue growth tempering their outlooks. With its U.S.-centric focus and a tilt toward large-cap quality names, the fund is well-positioned for growth but could face headwinds if tech falters.
Name | Company Name | Weight % | Market Value | Market Cap | Yearly Gain | Overall Rating |
|---|---|---|---|---|---|---|
| Micron | 1.23% | $2.95M | $388.40B | 255.25% | 79 Outperform | |
| Newmont Mining | 1.12% | $2.69M | $118.94B | 181.27% | 81 Outperform | |
| Lam Research | 1.12% | $2.68M | $274.27B | 193.63% | 77 Outperform | |
| Cummins | 1.07% | $2.57M | $76.21B | 54.34% | 72 Outperform | |
| Applied Materials | 1.06% | $2.55M | $238.82B | 76.93% | 77 Outperform | |
| Expeditors International | 1.06% | $2.55M | $21.29B | 44.84% | 80 Outperform | |
| Carvana Co | 1.01% | $2.42M | $100.74B | 138.82% | 66 Neutral | |
| Ulta Beauty | 1.00% | $2.41M | $29.55B | 63.71% | 78 Outperform | |
| Alphabet Class A | 0.98% | $2.35M | $3.97T | 74.98% | 85 Outperform | |
| Delta Air Lines | 0.97% | $2.32M | $47.22B | 7.15% | 80 Outperform |
JOET Technical Analysis
Positive
―
Price Trends
42.18
Positive
42.16
Positive
40.49
Positive
Market Momentum
0.29
Negative
57.35
Neutral
78.14
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 42.61, equal to the 50-day MA of 42.18, and equal to the 200-day MA of 40.49, indicating a bullish trend. The MACD of 0.29 indicates Negative momentum. The RSI at 57.35 is Neutral, neither overbought nor oversold. The STOCH value of 78.14 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
43.08
5.22
13.79%
VOTE
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AVLC
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ONEY
SPDR Russell 1000 Yield Focus ETF
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QQQJ
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DSPY
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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.
Disclaimer
This 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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