JOET vs. QUAL ETF Comparison

Comparison of Virtus Terranova U.S. Quality Momentum ETF (JOET) to iShares MSCI USA Quality Factor ETF (QUAL)

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

$36.44

Average Daily Volume

24,503

Number of Holdings ^*

124

* may have additional holdings in another (foreign) market

QUAL

iShares MSCI USA Quality Factor ETF

QUAL Description

The investment seeks to track the investment results of an index composed of U.S. large- and mid-capitalization stocks with quality characteristics as identified through certain fundamental metrics. The fund seeks to track the investment results of the MSCI USA Quality Index (the "underlying index"), which is based on a traditional market capitalization-weighted parent index, the MSCI USA Index, which includes U.S. large- and mid-capitalization stocks. It generally invests at least 90% of its assets in the securities of the underlying index or in depositary receipts representing securities in its underlying index. The fund is non-diversified.

Grade (RS Rating)

Last Trade

$178.63

Average Daily Volume

951,366

Number of Holdings ^*

123

* may have additional holdings in another (foreign) market

Performance

Period	JOET	QUAL
30 Days	4.09%	1.77%
60 Days	6.08%	4.79%
90 Days	6.98%	3.98%
12 Months	28.91%	34.19%

39 Overlapping Holdings

Symbol	Grade	Weight in JOET	Weight in QUAL	Overlap
AAPL	C	0.79%	1.0%	0.79%
ACGL	C	0.9%	1.0%	0.9%
AFL	C	0.9%	1.0%	0.9%
AMAT	D	0.68%	1.0%	0.68%
AMP	A	0.77%	1.0%	0.77%
ANET	B	0.8%	1.0%	0.8%
APH	D	0.75%	1.0%	0.75%
CAT	B	0.75%	1.0%	0.75%
CDNS	D	0.77%	1.0%	0.77%
CME	C	0.85%	1.0%	0.85%
CMG	C	0.85%	1.0%	0.85%
COST	B	0.86%	1.0%	0.86%
CTAS	B	0.84%	1.0%	0.84%
DECK	C	0.78%	1.0%	0.78%
DHI	B	0.83%	1.0%	0.83%
FAST	C	0.76%	1.0%	0.76%
GOOGL	D	0.7%	1.0%	0.7%
GRMN	D	0.79%	1.0%	0.79%
GWW	B	0.79%	1.0%	0.79%
KLAC	D	0.71%	1.0%	0.71%
LLY	C	0.88%	1.0%	0.88%
LRCX	F	0.64%	1.0%	0.64%
MA	B	0.87%	1.0%	0.87%
META	B	0.85%	1.0%	0.85%
MMC	C	0.83%	1.0%	0.83%
MPWR	C	0.81%	1.0%	0.81%
MSFT	C	0.76%	1.0%	0.76%
NFLX	B	0.84%	1.0%	0.84%
NVDA	D	0.75%	1.0%	0.75%
NVR	B	0.83%	1.0%	0.83%
PHM	B	0.8%	1.0%	0.8%
PSA	B	0.94%	1.0%	0.94%
QCOM	D	0.7%	1.0%	0.7%
ROL	C	0.87%	1.0%	0.87%
SMCI	F	0.45%	1.0%	0.45%
SNPS	D	0.67%	1.0%	0.67%
TJX	B	0.83%	1.0%	0.83%
V	C	0.86%	1.0%	0.86%
VRTX	D	0.74%	1.0%	0.74%

JOET Overweight 85 Positions Relative to QUAL

Symbol	Grade	Weight
PLTR	B	1.0%
MELI	B	0.96%
WELL	C	0.92%
AXON	B	0.91%
IRM	C	0.91%
PGR	B	0.9%
CPNG	B	0.89%
ORCL	C	0.88%
HWM	B	0.88%
NU	B	0.87%
CINF	B	0.87%
APP	C	0.87%
TRV	C	0.87%
ISRG	B	0.86%
SYK	C	0.86%
WRB	C	0.85%
HEI	B	0.85%
TW	B	0.84%
ADSK	C	0.84%
UBER	C	0.84%
CB	B	0.84%
EXR	B	0.84%
TTD	B	0.84%
AJG	D	0.83%
CPAY	B	0.83%
IT	B	0.83%
SPGI	B	0.83%
PANW	D	0.83%
HIG	B	0.83%
EXPE	C	0.82%
PH	B	0.82%
BRK.A	C	0.82%
TT	B	0.82%
PG	C	0.82%
CEG	C	0.81%
RCL	B	0.81%
ELV	C	0.81%
HUBB	B	0.81%
CHKP	B	0.81%
NOW	B	0.81%
BRO	C	0.81%
CMI	C	0.8%
LEN	B	0.8%
AMD	D	0.8%
CTSH	C	0.8%
IBKR	B	0.8%
TYL	C	0.79%
KKR	B	0.78%
AXP	B	0.78%
INTU	C	0.78%
AVGO	C	0.77%
RF	B	0.77%
AMZN	C	0.77%
NTRS	A	0.77%
ADI	C	0.76%
CRWD	D	0.76%
EPD	B	0.76%
JPM	D	0.76%
FITB	B	0.76%
CPRT	D	0.76%
PWR	B	0.76%
PCAR	D	0.75%
MTB	B	0.75%
AME	C	0.75%
PTC	D	0.75%
MKL	C	0.74%
HBAN	B	0.74%
XOM	C	0.74%
EOG	D	0.73%
URI	B	0.73%
DFS	B	0.72%
FSLR	C	0.72%
XYL	C	0.72%
CFG	C	0.72%
SYF	C	0.71%
NXPI	F	0.7%
IR	C	0.7%
PSX	F	0.7%
FCNCA	D	0.68%
ICLR	D	0.68%
APO	C	0.68%
FANG	D	0.67%
VLO	F	0.67%
HES	F	0.66%
STLD	F	0.65%

JOET Underweight 84 Positions Relative to QUAL

Symbol	Grade	Weight
WBA	F	-1.0%
SOLV	C	-1.0%
IPG	C	-1.0%
SEIC	C	-1.0%
AFG	B	-1.0%
PAYC	D	-1.0%
AOS	D	-1.0%
MKTX	C	-1.0%
RS	D	-1.0%
UTHR	C	-1.0%
AVY	C	-1.0%
PKG	B	-1.0%
JKHY	B	-1.0%
GGG	C	-1.0%
ENPH	D	-1.0%
OMC	B	-1.0%
WSO	C	-1.0%
ERIE	B	-1.0%
FDS	C	-1.0%
MOH	D	-1.0%
LPLA	D	-1.0%
WST	D	-1.0%
WAT	C	-1.0%
EXPD	C	-1.0%
EME	B	-1.0%
CBOE	C	-1.0%
PPG	D	-1.0%
KEYS	C	-1.0%
VEEV	C	-1.0%
TROW	D	-1.0%
EQT	D	-1.0%
HSY	C	-1.0%
EA	D	-1.0%
RMD	C	-1.0%
EQR	B	-1.0%
MANH	B	-1.0%
ROK	D	-1.0%
APA	F	-1.0%
MNST	D	-1.0%
NTAP	D	-1.0%
POOL	C	-1.0%
A	C	-1.0%
VLTO	C	-1.0%
AVB	B	-1.0%
EW	F	-1.0%
FERG	D	-1.0%
CSGP	D	-1.0%
ODFL	D	-1.0%
WSM	D	-1.0%
BBY	C	-1.0%
APD	B	-1.0%
CBRE	A	-1.0%
ULTA	D	-1.0%
TPL	B	-1.0%
IDXX	C	-1.0%
ATO	B	-1.0%
TSCO	C	-1.0%
PAYX	C	-1.0%
MMM	B	-1.0%
ED	C	-1.0%
LULU	D	-1.0%
MCO	B	-1.0%
ZTS	C	-1.0%
SHW	B	-1.0%
PEG	B	-1.0%
ITW	C	-1.0%
PLD	C	-1.0%
SLB	F	-1.0%
SRE	C	-1.0%
BLK	B	-1.0%
LMT	C	-1.0%
LIN	B	-1.0%
PEP	C	-1.0%
TXN	C	-1.0%
GOOG	D	-1.0%
NKE	D	-1.0%
CSCO	C	-1.0%
COP	D	-1.0%
ADP	B	-1.0%
ACN	C	-1.0%
KO	C	-1.0%
ADBE	F	-1.0%
JNJ	C	-1.0%
UNH	C	-1.0%