JOET - ETF AI Analysis

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Virtus Terranova US Quality Momentum ETF (JOET)

Rating:75Outperform

Price Target:―

JOET’s rating suggests it is a solid-quality ETF, supported by strong holdings like Merck, Walmart, and Texas Instruments, which bring robust financial performance, positive earnings outlooks, and long-term growth initiatives to the portfolio. The fund is somewhat held back by names like Royal Caribbean and Howmet Aerospace, where higher leverage, mixed technical signals, and sector-specific risks introduce more volatility. A key risk factor is that several top holdings trade at high valuations, which could make the ETF more sensitive to market pullbacks.

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)

AUM237.38M

RegionNorth America

Expense Ratio0.29%

Beta1.03

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. Volume29,702

30 Day Avg. Volume33,638

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

49.06

Price 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 hard into U.S. large-cap momentum, with chip makers like Micron, Lam Research, and Applied Materials doing most of the heavy lifting as AI-related demand keeps these tech names rising. KLA adds to this semiconductor tilt, giving the fund a clear tech-and-AI flavor despite being broadly diversified on paper. Industrial stalwarts such as Cummins and Parker Hannifin are contributing steadily rather than spectacularly, while Carvana is more of a wild card, helping in the recent rebound but still carrying some baggage that can tug on performance.

Name	Company Name	Weight %	Market Value	Market Cap	Yearly Gain	Overall Rating
VRT	Vertiv Holdings	1.00%	$2.37M	$93.17B	113.29%	77 Outperform
TT	Trane Technologies	0.96%	$2.27M	$104.12B	26.95%	70 Outperform
HSY	The Hershey Company	0.94%	$2.22M	$44.49B	35.47%	76 Outperform
HWM	Howmet Aerospace	0.94%	$2.22M	$101.26B	81.18%	67 Neutral
PHM	PulteGroup	0.93%	$2.20M	$27.20B	35.51%	70 Outperform
TXN	Texas Instruments	0.93%	$2.20M	$204.83B	21.04%	78 Outperform
WELL	Welltower	0.93%	$2.20M	$150.35B	39.33%	77 Outperform
WMT	Walmart	0.92%	$2.19M	$1.03T	29.01%	78 Outperform
EIX	Edison International	0.92%	$2.18M	$27.48B	36.24%	77 Outperform
MRK	Merck & Company	0.91%	$2.15M	$301.74B	42.02%	80 Outperform

JOET Technical Analysis

Technical Analysis Sentiment

Negative

Last Price―

Price Trends

50DMA

42.61

Negative

100DMA

42.35

Positive

200DMA

41.34

Positive

Market Momentum

MACD

-0.07

Positive

RSI

47.84

Neutral

STOCH

35.63

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 42.65, equal to the 50-day MA of 42.61, and equal to the 200-day MA of 41.34, indicating a neutral trend. The MACD of -0.07 indicates Positive momentum. The RSI at 47.84 is Neutral, neither overbought nor oversold. The STOCH value of 35.63 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

Name	Price	Price Target	AUM	Expense Ratio	Overall Rating
JOET	―	―	$237.38M	0.29%	―
EFIV	―	―	$992.02M	0.10%	―
VOTE	―	―	$939.81M	0.05%	―
NBCR	―	―	$879.98M	0.29%	―
QQQJ	―	―	$876.63M	0.15%	―
ONEY	―	―	$852.78M	0.20%	―

Performance Comparison

JOET

Virtus Terranova US Quality Momentum ETF

42.67

2.63

6.57%

EFIV

SPDR S&P 500 ESG ETF

―

VOTE

Engine No. 1 Transform 500 ETF

―

NBCR

Neuberger Berman Core Equity ETF

―

QQQJ

Invesco NASDAQ Next Gen 100 ETF

―

ONEY

SPDR Russell 1000 Yield Focus ETF

―

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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