JOET vs. FMDE ETF Comparison

Comparison of Virtus Terranova U.S. Quality Momentum ETF (JOET) to Fidelity Enhanced Mid Cap ETF (FMDE)

JOET

Virtus Terranova U.S. Quality Momentum ETF

JOET Description

The investment seeks investment results that correspond, before fees and expenses, to the price and yield performance of the Terranova U.S. Quality Momentum Index. Under normal market conditions, the fund will invest not less than 80% of its assets in component securities of the index. The index is designed to track the performance of quality large-capitalization companies listed in the United States. The index includes common stock and ADRs. The fund will invest not less than 80% of its net assets (plus the amount of any borrowings for investment purposes) in U.S. securities.

Grade (RS Rating)

Last Trade

$39.94

Average Daily Volume

28,193

Number of Holdings ^*

124

* may have additional holdings in another (foreign) market

FMDE

Fidelity Enhanced Mid Cap ETF

FMDE Description

The fund will normally invest at least 80% of assets in common stocks included in the Russell Midcap® Index, which is a market capitalization-weighted index designed to measure the performance of the mid-cap segment of the U.S. equity market. The adviser will generally use computer-aided, quantitative analysis of historical valuation, growth, profitability, and other factors to select a broadly diversified group of stocks that may have the potential to provide a higher total return than that of the index. It will invest in domestic and foreign issuers.

Grade (RS Rating)

Last Trade

$34.57

Average Daily Volume

149,918

Number of Holdings ^*

284

* may have additional holdings in another (foreign) market

Performance

Period	JOET	FMDE
30 Days	6.28%	6.40%
60 Days	9.25%	8.81%
90 Days	11.89%	10.43%
12 Months	37.40%	38.09%

44 Overlapping Holdings

Symbol	Grade	Weight in JOET	Weight in FMDE	Overlap
ACGL	C	0.72%	0.09%	0.09%
AFL	B	0.76%	0.02%	0.02%
ALL	A	0.79%	0.56%	0.56%
AMP	A	0.83%	0.58%	0.58%
APP	B	1.3%	0.6%	0.6%
AXON	A	1.03%	0.65%	0.65%
BK	A	0.77%	0.96%	0.77%
BRO	B	0.8%	0.34%	0.34%
CFG	B	0.83%	0.22%	0.22%
CINF	A	0.79%	0.12%	0.12%
CMI	A	0.83%	0.89%	0.83%
COIN	C	0.98%	0.11%	0.11%
CPNG	D	0.74%	0.39%	0.39%
CTAS	B	0.79%	0.53%	0.53%
DAL	B	0.89%	0.05%	0.05%
DFS	B	0.86%	0.21%	0.21%
DHI	F	0.69%	0.58%	0.58%
DOCU	B	0.88%	0.7%	0.7%
GRMN	B	0.97%	0.52%	0.52%
GWW	B	0.81%	0.42%	0.42%
HIG	B	0.78%	0.39%	0.39%
HUBB	B	0.74%	0.59%	0.59%
HWM	A	0.84%	0.88%	0.84%
IBKR	A	0.89%	0.11%	0.11%
KLAC	F	0.73%	0.37%	0.37%
LEN	D	0.74%	0.28%	0.28%
MPWR	F	0.49%	0.55%	0.49%
MTB	A	0.82%	0.22%	0.22%
NVR	D	0.76%	0.66%	0.66%
PCAR	B	0.82%	0.39%	0.39%
PHM	D	0.73%	0.05%	0.05%
PLTR	B	1.0%	0.38%	0.38%
PSA	C	0.75%	0.44%	0.44%
PYPL	B	0.78%	0.54%	0.54%
RCL	A	0.87%	0.18%	0.18%
RJF	A	0.82%	0.76%	0.76%
ROST	D	0.75%	0.76%	0.75%
SQ	A	0.85%	0.96%	0.85%
SYF	B	0.87%	0.5%	0.5%
TT	A	0.79%	0.47%	0.47%
TW	A	0.74%	0.21%	0.21%
UAL	A	0.91%	0.76%	0.76%
VMC	B	0.83%	0.43%	0.43%
WAB	B	0.78%	0.43%	0.43%

JOET Overweight 80 Positions Relative to FMDE

Symbol	Grade	Weight
SPOT	B	0.94%
FTNT	C	0.89%
CRWD	B	0.87%
CRM	B	0.86%
APO	B	0.86%
HEI	A	0.85%
NFLX	A	0.85%
FCNCA	A	0.85%
PH	A	0.85%
PODD	C	0.85%
AMZN	C	0.85%
NOW	A	0.84%
HBAN	A	0.84%
PANW	B	0.83%
RF	A	0.83%
GM	C	0.83%
SYK	B	0.82%
ORCL	A	0.82%
ROL	B	0.81%
IR	B	0.81%
AXP	A	0.81%
BR	A	0.81%
VRT	B	0.81%
ADSK	A	0.81%
FAST	B	0.81%
JPM	A	0.81%
FITB	B	0.81%
ETN	A	0.8%
SPGI	C	0.8%
DOV	A	0.8%
ISRG	A	0.8%
PGR	A	0.8%
APH	A	0.8%
TTD	B	0.8%
COST	A	0.79%
DDOG	A	0.79%
NTRS	A	0.79%
IT	C	0.79%
NVDA	B	0.79%
DECK	A	0.79%
RSG	A	0.79%
WMT	A	0.78%
WRB	A	0.78%
PFG	D	0.78%
MA	B	0.78%
TSCO	D	0.78%
URI	C	0.78%
WELL	A	0.78%
BSX	A	0.78%
PWR	A	0.78%
TRV	B	0.77%
MLM	C	0.77%
BRK.A	B	0.77%
META	D	0.76%
MSFT	D	0.76%
ACN	B	0.76%
AMAT	F	0.76%
NU	C	0.75%
ANET	C	0.75%
CMG	B	0.75%
CB	C	0.75%
AVGO	D	0.75%
CARR	C	0.75%
CAT	B	0.75%
EXR	C	0.74%
GD	D	0.73%
FSLR	F	0.72%
QCOM	F	0.72%
XYL	D	0.71%
RMD	C	0.71%
UBER	F	0.7%
ADI	D	0.7%
MELI	C	0.69%
O	C	0.69%
LLY	F	0.67%
IRM	C	0.67%
AMD	F	0.66%
CHKP	C	0.65%
CEG	C	0.64%
SMCI	F	0.29%

JOET Underweight 240 Positions Relative to FMDE

Symbol	Grade	Weight
WMB	A	-1.08%
SPG	A	-0.92%
VST	A	-0.89%
MSCI	C	-0.84%
PRU	A	-0.82%
TOST	B	-0.77%
VEEV	C	-0.77%
LDOS	C	-0.76%
RBLX	C	-0.76%
ZM	C	-0.75%
CVNA	B	-0.75%
KR	B	-0.74%
CAH	B	-0.74%
EXPE	B	-0.73%
LYFT	C	-0.72%
WTW	B	-0.72%
EA	A	-0.71%
STT	B	-0.7%
CSGP	D	-0.67%
HPE	B	-0.66%
TWLO	A	-0.65%
KEY	B	-0.64%
PPG	F	-0.64%
CCL	A	-0.64%
HUBS	A	-0.63%
CW	C	-0.63%
EQH	C	-0.63%
NRG	B	-0.63%
NTAP	C	-0.63%
CLX	A	-0.62%
INCY	C	-0.62%
TOL	B	-0.61%
NUE	C	-0.61%
FIS	C	-0.61%
TXT	D	-0.6%
VICI	C	-0.6%
CACI	D	-0.6%
EIX	B	-0.59%
SSNC	B	-0.59%
AIZ	A	-0.59%
LNG	A	-0.58%
ALLE	C	-0.58%
DBX	B	-0.58%
CCI	C	-0.58%
COR	B	-0.58%
DD	C	-0.57%
MANH	D	-0.56%
CNC	D	-0.56%
IDXX	F	-0.56%
TRGP	A	-0.54%
FFIV	B	-0.54%
GILD	C	-0.54%
DKNG	B	-0.54%
EXEL	B	-0.53%
FTV	C	-0.53%
GL	C	-0.53%
PEGA	B	-0.52%
DCI	B	-0.52%
UNM	A	-0.51%
MEDP	D	-0.51%
CNP	A	-0.5%
MSI	B	-0.5%
CCK	D	-0.49%
GAP	C	-0.49%
ALSN	B	-0.48%
LNW	F	-0.48%
AMH	C	-0.48%
BWXT	B	-0.47%
STLD	B	-0.47%
NBIX	C	-0.47%
TDC	D	-0.47%
BERY	C	-0.46%
SWKS	F	-0.46%
BURL	B	-0.46%
NYT	D	-0.46%
CRUS	D	-0.45%
ECL	D	-0.45%
UHS	D	-0.45%
TPR	B	-0.45%
AXTA	B	-0.45%
SNX	D	-0.44%
HLT	A	-0.44%
NDAQ	A	-0.43%
BRX	A	-0.43%
ANF	F	-0.43%
NVT	B	-0.42%
IGT	F	-0.41%
CL	D	-0.4%
EVRG	A	-0.4%
SOLV	D	-0.4%
UTHR	C	-0.39%
EEFT	B	-0.38%
FIX	A	-0.38%
AM	A	-0.38%
VMI	B	-0.37%
QRVO	F	-0.36%
PCG	A	-0.36%
IQV	F	-0.36%
RNG	C	-0.35%
HXL	F	-0.35%
LPX	B	-0.34%
BAH	F	-0.34%
SEE	C	-0.34%
NTNX	B	-0.34%
EBAY	D	-0.33%
Z	A	-0.33%
GIS	D	-0.33%
ZION	B	-0.33%
AYI	B	-0.32%
WU	F	-0.32%
WCC	B	-0.32%
BLD	D	-0.32%
EME	A	-0.31%
CPAY	A	-0.31%
DVN	F	-0.3%
RS	B	-0.3%
GDDY	A	-0.29%
PLTK	B	-0.29%
A	D	-0.28%
EQR	C	-0.28%
ELAN	D	-0.28%
BMY	B	-0.27%
RGA	A	-0.27%
IFF	D	-0.27%
MTDR	B	-0.27%
XEL	A	-0.27%
ZBRA	B	-0.26%
CBOE	C	-0.26%
BILL	A	-0.26%
GLPI	C	-0.26%
ZG	A	-0.26%
LHX	C	-0.25%
FANG	C	-0.25%
AME	A	-0.25%
INGR	C	-0.25%
PCTY	C	-0.23%
GTES	A	-0.23%
SEIC	B	-0.23%
SBAC	D	-0.22%
HII	F	-0.22%
OC	A	-0.22%
FLS	B	-0.21%
HES	B	-0.21%
HRB	D	-0.21%
KMB	C	-0.21%
NOC	D	-0.2%
CDW	F	-0.2%
DXCM	C	-0.19%
DKS	D	-0.19%
ADTN	A	-0.19%
GPN	B	-0.19%
MKTX	D	-0.19%
BLDR	D	-0.19%
ACM	B	-0.18%
NWSA	A	-0.18%
DASH	B	-0.16%
USFD	A	-0.16%
WWD	C	-0.16%
SAM	C	-0.15%
KD	B	-0.15%
KMI	A	-0.14%
TPL	A	-0.14%
REG	A	-0.13%
ANSS	B	-0.13%
ATI	C	-0.13%
DUOL	A	-0.13%
MORN	B	-0.12%
ITT	A	-0.12%
FTI	A	-0.12%
CHDN	B	-0.12%
AES	F	-0.12%
CBSH	B	-0.11%
EXC	C	-0.11%
GEHC	D	-0.11%
NWS	A	-0.11%
SYY	D	-0.11%
LUV	C	-0.1%
CTRA	B	-0.1%
ROP	B	-0.1%
WSM	C	-0.1%
VLTO	C	-0.1%
LPLA	A	-0.09%
AWK	C	-0.09%
WBD	B	-0.08%
LEG	F	-0.08%
MGM	D	-0.08%
MCHP	F	-0.08%
AXS	A	-0.08%
ES	C	-0.08%
ADM	D	-0.07%
JHG	B	-0.07%
KEX	B	-0.07%
VSTS	C	-0.07%
MSA	F	-0.07%
DGX	A	-0.06%
FR	D	-0.06%
CI	D	-0.06%
VIRT	A	-0.06%
WDAY	B	-0.06%
TNL	A	-0.06%
L	A	-0.06%
TXRH	B	-0.06%
TXG	F	-0.06%
CWEN	C	-0.06%
CSL	C	-0.05%
AFG	A	-0.05%
NTRA	A	-0.05%
WEN	D	-0.05%
EGP	D	-0.05%
AMT	C	-0.05%
DTE	C	-0.05%
OGE	A	-0.04%
CWEN	C	-0.04%
BIIB	F	-0.04%
ULTA	F	-0.04%
K	A	-0.04%
BBY	D	-0.03%
EPR	C	-0.03%
DOC	C	-0.03%
REYN	D	-0.03%
CNM	D	-0.03%
AKAM	D	-0.03%
SF	B	-0.03%
CBRE	B	-0.03%
BMRN	F	-0.03%
QGEN	D	-0.02%
JAZZ	B	-0.02%
POST	C	-0.02%
OVV	B	-0.02%
AJG	A	-0.02%
ED	C	-0.02%
MRO	B	-0.02%
HAL	C	-0.02%
CF	A	-0.02%
STAG	D	-0.01%
LSCC	D	-0.01%
HPQ	B	-0.01%
HOOD	B	-0.01%
SWK	D	-0.01%
ARW	D	-0.01%