JOET: VIRTUS TERRANOVA U.S. QUALITY MOMENTUM ETF
What this ETF is trying to do
The Virtus Terranova U.S. Quality Momentum ETF (ticker: JOET) is designed to invest in U.S. companies. Based on its name, it looks for businesses that show "quality" and "momentum," which are common terms investors use to describe companies with strong fundamentals and positive price trends.
What the numbers show
To understand how this ETF has performed, we can look at its share-price changes over different periods of time.
For example, if you had invested $10,000 in this ETF roughly one year ago, based on the estimated price from that time ($42.80), your investment would be worth about $10,506 today at the current price of $44.97. This represents a share-price decline or increase of about 5.06% over the last year.
Here is how the different types of returns compare:
• One-Year Price Return: Approximately 5.06%. This shows only the change in the share price.
• One-Year Total Return: Approximately 5.74%. This figure includes both the share-price change and any distributions paid out during that time.
• Three-Year Price Return: Approximately 56.54%.
• Three-Year Total Return: Approximately 60.77%.
It is important to remember that price return only tracks the movement of the share price, while total return shows the overall return including distributions.
Income and distribution explanation
This ETF has a distribution yield of about 0.61%. The distribution yield tells you how much cash the ETF pays out relative to its current price. This specific ETF pays out distributions on an irregular or less frequent basis.
It is important for new investors to know that a distribution yield does not automatically mean the investor earned that percentage as their total return. A high yield can exist even if the share price is falling. To see the full picture, you should always look at the total return figure provided by the data.
NAV erosion explanation
NAV erosion is a term used to describe when the value of an ETF's underlying assets decreases over time. StockValueFinder uses an "erosion-risk score" to help measure this.
For JOET, the erosion score is 100, and the label says "No price erosion detected." The erosion severity is rated as "good." This means that, based on the supplied data, there are no signs of significant value loss in the underlying assets.
Pros
• The ETF has shown positive total returns over both one-year and three-year periods.
• It has a "good" erosion score with no price erosion detected.
• It is not a leveraged or inverse fund, which means it follows standard market movements rather than trying to multiply them.
Cons
• The distribution frequency is irregular, so investors may not receive payments on a set schedule.
• The distribution yield is relatively low compared to some other types of income-focused ETFs.
Beginner takeaway
When looking at an ETF like JOET, it is helpful to see both the price return and the total return. The price return tells you how much the share price moved on its own. The total return shows you the "big picture" by including any cash distributions the fund paid out. This ETF has shown growth in its share price over the last three years while maintaining a good erosion score.
Top Holdings (Partial List)
*As of 2026-10-04, the following are some of the top holdings:*
• OKTA INC CLASS A: 1.20%
• MARVELL TECHNOLOGY INC: 1.19%
• HEWLETT PACKARD ENTERPRISE CO: 1.09%
• ADVANCED MICRO DEVICES INC: 1.08%
• NEWMONT CORP: 1.08%
• MICRON TECHNOLOGY INC: 1.04%
• SEAGATE TECHNOLOGY HOLDINGS PLC: 0.99%
• CORNING INC: 0.98%
• PALO ALTO NETWORKS INC: 0.98%
• QUALCOMM INC: 0.97%
*Note: This is a partial list of 125 total holdings.*
Top Holdings
Structured portfolio holdings supplied by the ETF data provider. These figures are not generated by the AI article.
| # | Holding | Ticker | Weight |
|---|---|---|---|
| 1 | OKTA INC CLASS A | OKTA | 1.20% |
| 2 | MARVELL TECHNOLOGY INC | MRVL | 1.19% |
| 3 | HEWLETT PACKARD ENTERPRISE CO | HPE | 1.09% |
| 4 | ADVANCED MICRO DEVICES INC | AMD | 1.08% |
| 5 | NEWMONT CORP | NEM | 1.08% |
| 6 | MICRON TECHNOLOGY INC | MU | 1.04% |
| 7 | SEAGATE TECHNOLOGY HOLDINGS PLC | STX | 0.99% |
| 8 | CORNING INC | GLW | 0.98% |
| 9 | PALO ALTO NETWORKS INC | PANW | 0.98% |
| 10 | QUALCOMM INC | QCOM | 0.97% |