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ETFs

Virtus ETF Trust II Virtus Terranova U.S. Quality Momentum ETF

JOET
$--
Today’s Change
-- (--)

Snapshot
*

Inception Date
Nov 17 2020
Expense Ratio
0.29%
Type
US Equities
Fund Owner
Virtus ETF Solutions
Volume (1m avg. daily)
$582,614
AUM
$90,577,804
Associated Index
Terranova U.S. Quality Momentum Index
Inverse/Leveraged
No
Passive/Active
Passive
Fractionable on Composer
Yes
Prospectus
View

Top 10 Holdings

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Invest with JOET

What is JOET?

The Fund strives to deliver exposure to U.S.-listed large-cap companies that combine strong quality fundamentals with positive momentum technical trends. The Fund seeks investment results that correspond, before fees and expenses, to the performance of the Terranova U.S. Quality Momentum Index. It provide exposure to the best performing U.S. large-cap companies with the highest quality fundamental characteristics, resulting in a distinct portfolio built for long-term growth. It systematically seeks to identify and capture the returns of high-conviction investment opportunities characterized by fundamental (quality) and technical (momentum) attributes.

ETFs related toJOET

ETFs correlated to JOET include AVUS, FEX, DFAC

JOET
Virtus ETF Trust II - Virtus Terranova U.S. Quality Momentum ETF
AVUS
American Century ETF Trust - Avantis U.S. Equity ETF
FEX
First Trust Exchange-Traded Fund III - First Trust Large Cap Core AlphaDEX Fund
DFAC
Dimensional ETF Trust - Dimensional U.S. Core Equity 2 ETF
JHML
John Hancock Investment Management LLC - John Hancock Multifactor Large Cap ETF
PDP
Invesco Capital Management LLC - Invesco Dorsey Wright Momentum ETF
DUHP
Dimensional ETF Trust - Dimensional US High Profitability ETF
JQUA
J.P. Morgan Exchange-Traded Fund Trust - JPMorgan U.S. Quality Factor ETF
XLSR
SSgA Active Trust - SPDR SSGA U.S. Sector Rotation ETF
TPLC
Timothy Plan - Timothy Plan US Large/Mid Cap Core ETF
ROUS
Lattice Strategies Trust - Hartford Multifactor US Equity ETF

What is ETF correlation?

Correlation is a measure of the strength of the relationship between two ETFs. It quantifies the degree to which prices of the two ETFs typically move together.

Here, correlation is measured over the past year with the Pearson correlation coefficient (Pearon’s r), which ranges from -1 to 1.

Using ETF correlations in portfolio and strategy construction

ETF correlations can help you create investing strategies and portfolios. Use them to:

  • •Build a diversified portfolio from uncorrelated or inversely correlated ETFs with the aim of minimizing portfolio risk.
  • •Compare correlated or related ETFs to find one with a lower expense ratio or higher trading volume.
  • •Create an investing strategy that hedges an ETF with an uncorrelated or inversely correlated ETF.

Automated Strategies
Related toJOET

#CV

Controlling for Volatility

Category

Getting Defensive, Worried about Inflation?

Risk Rating

Moderate

#GLOBE

Follow the Global Trend

Category

Momentum, Lever Up, Go Global, Diversification

Risk Rating

Moderate

Create your own algorithmic trading strategy with JOET using Composer

FAQ

JOET is a US Equities ETF. The Fund strives to deliver exposure to U.S.-listed large-cap companies that combine strong quality fundamentals with positive momentum technical trends. The Fund seeks investment results that correspond, before fees and expenses, to the performance of the Terranova U.S. Quality Momentum Index. It provide exposure to the best performing U.S. large-cap companies with the highest quality fundamental characteristics, resulting in a distinct portfolio built for long-term growth. It systematically seeks to identify and capture the returns of high-conviction investment opportunities characterized by fundamental (quality) and technical (momentum) attributes.

JOET tracks the Terranova U.S. Quality Momentum Index.

No, JOET is not actively managed. It is passively managed. In an actively managed fund, the fund manager makes decisions about how funds are invested. A passively managed fund typically tries to track or follow a market index.

Yes, JOET is passively managed. A passively managed fund typically tries to track or follow a market index. In an actively managed fund, the fund manager makes decisions about how funds are invested.

The 1-month return on JOET is -0.005%. This is the percent change in the value of JOET over the most recent 1-month period. The 3-month return on JOET is -0.0014%. This is the percent change in the value of JOET over the most recent 3-month period.

The standard deviation of JOET for the past year is 0.1644%. Standard deviation is the typical amount that the daily returns vary from the mean of the returns over the time period, standardized to a period of a year.

ETFs similar to JOET include SPHQ, DSI, and QUAL.

ETFs correlated to JOET include AVUS, FEX, and DFAC.

ETFs that are inversely correlated to JOET include SH, SDS, and SPDN.

Disclaimers

*

We show information directly obtained from our data provider, Xignite. Data shown here is provided by Xignite, an unaffiliated third party. Composer believes the information shown here is reliable, but has not been verified and there is no guarantee that the information is accurate.

**

We show information based on calculations performed by Composer using data from our provider. Information provided here is based on calculations performed by Composer using data sourced from Xignite, an unaffiliated third party. Composer believes this information is reliable, but has not verified the data and there is no guarantee that the calculations are accurate.