JOET vs. QLV ETF Comparison

Comparison of Virtus Terranova U.S. Quality Momentum ETF (JOET) to FlexShares US Quality Low Volatility Index Fund (QLV)

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

$37.08

Average Daily Volume

23,558

Number of Holdings ^*

124

* may have additional holdings in another (foreign) market

QLV

FlexShares US Quality Low Volatility Index Fund

QLV Description

The investment seeks investment results that correspond generally to the price and yield performance, before fees and expenses, of the Northern Trust Developed Markets ex-US Quality Low Volatility IndexSM. The underlying index is designed to reflect the performance of a selection of companies that, in aggregate, possess lower overall absolute volatility characteristics relative to a broad universe of securities domiciled in developed market countries, excluding the U.S. The fund will invest at least 80% of its total assets in the securities of the underlying index and in ADRs and GDRs based on the securities in the underlying index. It is non-diversified.

Grade (RS Rating)

Last Trade

$66.10

Average Daily Volume

3,350

Number of Holdings ^*

114

* may have additional holdings in another (foreign) market

Performance

Period	JOET	QLV
30 Days	5.85%	2.06%
60 Days	14.34%	8.22%
90 Days	7.45%	5.34%
12 Months	35.18%	30.89%

24 Overlapping Holdings

Symbol	Grade	Weight in JOET	Weight in QLV	Overlap
AAPL	C	0.78%	5.16%	0.78%
ADI	B	0.76%	0.17%	0.17%
AMZN	C	0.77%	2.28%	0.77%
AVGO	B	0.85%	0.42%	0.42%
BRK.A	B	0.78%	0.58%	0.58%
CB	A	0.8%	0.73%	0.73%
CHKP	A	0.79%	0.8%	0.79%
CINF	A	0.81%	0.54%	0.54%
CME	A	0.81%	0.9%	0.81%
GOOGL	B	0.73%	0.82%	0.73%
JPM	C	0.74%	0.19%	0.19%
LLY	D	0.81%	2.8%	0.81%
META	A	0.91%	1.26%	0.91%
MKL	B	0.72%	0.5%	0.5%
MMC	D	0.76%	0.05%	0.05%
MSFT	D	0.75%	8.0%	0.75%
NVDA	B	0.8%	4.72%	0.8%
PG	D	0.76%	3.31%	0.76%
PSA	C	0.88%	0.9%	0.88%
TRV	B	0.82%	0.61%	0.61%
TYL	D	0.73%	0.77%	0.73%
V	B	0.79%	2.0%	0.79%
WRB	C	0.78%	0.51%	0.51%
XOM	A	0.73%	1.08%	0.73%

JOET Overweight 100 Positions Relative to QLV

Symbol	Grade	Weight
APP	A	1.23%
CEG	A	1.09%
PLTR	A	1.01%
AXON	A	0.95%
MELI	D	0.93%
CPNG	C	0.91%
ORCL	A	0.9%
ANET	A	0.89%
HWM	A	0.89%
TTD	A	0.88%
EXPE	B	0.88%
IRM	B	0.88%
PGR	B	0.87%
TT	A	0.87%
AFL	A	0.87%
HUBB	A	0.87%
ACGL	A	0.87%
AMD	C	0.87%
UBER	C	0.87%
CMG	C	0.86%
PWR	A	0.86%
RCL	B	0.86%
IBKR	A	0.86%
WELL	C	0.86%
TW	A	0.85%
PH	A	0.85%
CMI	A	0.84%
MPWR	B	0.84%
MA	A	0.84%
FSLR	C	0.84%
ADSK	B	0.84%
NVR	C	0.84%
KKR	A	0.83%
CAT	A	0.83%
CRWD	D	0.83%
NU	D	0.83%
NFLX	A	0.83%
PHM	C	0.82%
AXP	A	0.82%
HEI	C	0.82%
COST	C	0.81%
ISRG	C	0.81%
SYK	C	0.81%
ROL	C	0.81%
DECK	B	0.8%
DHI	C	0.8%
EXR	D	0.8%
IT	A	0.8%
URI	C	0.8%
LEN	C	0.79%
CDNS	D	0.79%
CTAS	C	0.79%
CPAY	A	0.79%
HIG	A	0.79%
NOW	B	0.79%
AMP	A	0.79%
GWW	B	0.79%
SPGI	C	0.78%
PTC	B	0.78%
TJX	D	0.78%
APO	A	0.77%
CTSH	B	0.77%
BRO	A	0.77%
FITB	C	0.76%
FAST	C	0.76%
APH	D	0.76%
CPRT	B	0.76%
PANW	B	0.76%
MTB	A	0.75%
NTRS	B	0.75%
RF	B	0.75%
PCAR	D	0.74%
AMAT	C	0.74%
ELV	F	0.74%
IR	A	0.74%
KLAC	B	0.74%
AME	C	0.74%
INTU	F	0.73%
SYF	A	0.73%
GRMN	D	0.73%
DFS	A	0.73%
AJG	C	0.73%
EOG	B	0.72%
STLD	C	0.72%
NXPI	F	0.72%
HBAN	B	0.72%
EPD	A	0.72%
XYL	C	0.71%
SNPS	F	0.7%
CFG	C	0.7%
QCOM	D	0.7%
PSX	D	0.69%
LRCX	D	0.69%
VRTX	D	0.69%
ICLR	F	0.66%
HES	D	0.66%
FCNCA	D	0.65%
VLO	F	0.64%
FANG	D	0.63%
SMCI	F	0.44%

JOET Underweight 90 Positions Relative to QLV

Symbol	Grade	Weight
MRK	F	-2.65%
MCD	A	-2.02%
IBM	A	-1.9%
JNJ	D	-1.8%
VZ	C	-1.74%
PEP	F	-1.58%
T	B	-1.43%
LMT	A	-1.15%
ABBV	C	-1.1%
GILD	A	-1.01%
TMUS	A	-0.98%
ABT	C	-0.91%
DUK	C	-0.91%
TXN	C	-0.89%
ADP	A	-0.85%
ED	C	-0.84%
GIS	C	-0.83%
WEC	B	-0.82%
WTW	C	-0.81%
RGLD	C	-0.81%
ATR	A	-0.81%
CHE	D	-0.8%
AMGN	D	-0.79%
DOX	B	-0.78%
AIZ	B	-0.78%
K	B	-0.77%
QLYS	F	-0.76%
LSTR	F	-0.74%
WDFC	B	-0.74%
QGEN	F	-0.72%
STNG	B	-0.72%
SMMT	D	-0.72%
AVY	D	-0.71%
SO	A	-0.7%
REGN	D	-0.63%
GD	C	-0.63%
WM	B	-0.63%
NOC	B	-0.63%
EQIX	C	-0.61%
DLR	C	-0.6%
ALL	A	-0.6%
CTVA	A	-0.59%
ZM	B	-0.59%
AZO	D	-0.58%
XEL	C	-0.58%
GOOG	B	-0.57%
RSG	D	-0.56%
PKG	B	-0.56%
AEP	C	-0.56%
WCN	D	-0.56%
AEE	A	-0.55%
CMS	A	-0.55%
JKHY	A	-0.54%
SON	D	-0.53%
TTEK	A	-0.53%
DTM	A	-0.52%
TSCO	A	-0.52%
BAH	C	-0.52%
SIGI	D	-0.51%
ADC	C	-0.51%
PNW	C	-0.51%
HSY	D	-0.5%
FLO	D	-0.5%
SCI	D	-0.5%
CALM	A	-0.5%
CTRA	D	-0.49%
HII	F	-0.49%
CHRW	C	-0.48%
HRL	F	-0.42%
NBIX	F	-0.41%
BMRN	F	-0.39%
VRSK	D	-0.37%
NFG	A	-0.36%
CRUS	D	-0.32%
SLGN	B	-0.32%
DDS	D	-0.28%
BMI	A	-0.27%
MCK	F	-0.27%
SQSP	A	-0.24%
LIN	C	-0.2%
PM	D	-0.2%
EA	D	-0.2%
ALKS	B	-0.18%
CAG	D	-0.16%
ROP	D	-0.13%
NCNO	F	-0.1%
L	C	-0.1%
CWAN	B	-0.08%
UNH	B	-0.07%
EXPD	D	-0.03%