JOET: Remains Unappealing On Factor, Performance Fronts, A Hold At Best
The Virtus Terranova U.S. Quality Momentum ETF (JOET) has been underperforming compared to its benchmark, IVV. Its active return from December 2020 to April 2026 was -3.99%, raising concerns about its investment strategy. Analysts suggest that JOET remains a hold at best due to its lackluster performance on both factor and performance fronts.
- ▪JOET is a passively managed ETF that combines momentum and quality factors.
- ▪Since the beginning of the year, JOET has consistently trailed IVV.
- ▪The ETF's active return has been negative, indicating poor performance.
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