JOET vs. SRS ETF Comparison

Comparison of Virtus Terranova U.S. Quality Momentum ETF (JOET) to ProShares UltraShort Real Estate (SRS)

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

$40.40

Average Daily Volume

29,173

Number of Holdings ^*

124

* may have additional holdings in another (foreign) market

SRS

ProShares UltraShort Real Estate

SRS Description

The investment seeks daily investment results, before fees and expenses, that correspond to two times the inverse (-2x) of the daily performance of the Dow Jones U.S. Real EstateSM Index. The fund invests in derivatives that ProShare Advisors believes, in combination, should have similar daily return characteristics as two times the inverse (-2x) of the daily return of the index. The index measures the performance of the real estate sector of the U.S. equity market. Component companies include, among others, real estate holding and development and real estate services companies and real estate investment trusts ("REITs"). The fund is non-diversified.

Grade (RS Rating)

Last Trade

$45.72

Average Daily Volume

14,715

Number of Holdings ^*

* may have additional holdings in another (foreign) market

Performance

Period	JOET	SRS
30 Days	7.96%	1.06%
60 Days	9.99%	4.22%
90 Days	13.18%	-2.87%
12 Months	38.99%	-33.05%

5 Overlapping Holdings

Symbol	Grade	Weight in JOET	Weight in SRS	Overlap
EXR	D	0.75%	1.13%	0.75%
IRM	D	0.69%	0.7%	0.69%
O	D	0.7%	1.94%	0.7%
PSA	D	0.75%	2.58%	0.75%
WELL	A	0.8%	2.73%	0.8%

JOET Overweight 119 Positions Relative to SRS

Symbol	Grade	Weight
APP	B	1.48%
COIN	C	1.12%
PLTR	B	1.05%
AXON	A	1.04%
GRMN	B	0.94%
UAL	A	0.94%
IBKR	A	0.94%
SPOT	B	0.93%
VRT	B	0.92%
SQ	B	0.91%
FCNCA	A	0.89%
NFLX	A	0.89%
RCL	A	0.88%
CRWD	B	0.88%
PODD	C	0.87%
FTNT	C	0.87%
DAL	C	0.87%
HWM	A	0.87%
DFS	B	0.86%
DOCU	A	0.86%
SYF	B	0.86%
HEI	B	0.85%
APO	B	0.85%
ORCL	B	0.84%
PH	A	0.84%
HBAN	A	0.84%
CRM	B	0.84%
RF	A	0.83%
AMP	A	0.83%
RJF	A	0.83%
AMZN	C	0.82%
CMI	A	0.82%
CFG	B	0.82%
MTB	A	0.82%
NOW	A	0.82%
SYK	C	0.82%
PANW	C	0.82%
BSX	B	0.81%
FAST	B	0.81%
JPM	A	0.81%
GWW	B	0.81%
DDOG	A	0.81%
VMC	B	0.81%
ADSK	A	0.81%
CINF	A	0.8%
FITB	A	0.8%
PGR	A	0.8%
WMT	A	0.8%
BR	A	0.8%
NTRS	A	0.8%
AXP	A	0.8%
BRO	B	0.8%
PWR	A	0.8%
RSG	A	0.8%
ISRG	A	0.8%
IR	B	0.8%
NVDA	C	0.79%
GM	B	0.79%
TTD	B	0.79%
COST	B	0.79%
DECK	A	0.79%
HIG	B	0.79%
ALL	A	0.79%
WRB	A	0.79%
ETN	A	0.79%
ROL	B	0.79%
TT	A	0.79%
CTAS	B	0.79%
BRK.A	B	0.78%
PCAR	B	0.78%
TW	A	0.78%
DOV	A	0.78%
APH	A	0.78%
SPGI	C	0.78%
MLM	B	0.77%
PYPL	B	0.77%
BK	A	0.77%
WAB	B	0.77%
TRV	B	0.77%
TSCO	D	0.76%
AFL	B	0.76%
IT	C	0.76%
MA	C	0.76%
CARR	D	0.75%
ACN	C	0.75%
HUBB	B	0.75%
URI	B	0.75%
PFG	D	0.75%
CMG	B	0.74%
ANET	C	0.74%
ROST	C	0.74%
MSFT	F	0.74%
CB	C	0.74%
CAT	B	0.74%
META	D	0.74%
RMD	C	0.74%
NVR	D	0.74%
PHM	D	0.73%
LEN	D	0.73%
AVGO	D	0.72%
MELI	D	0.71%
XYL	D	0.71%
ADI	D	0.7%
AMAT	F	0.7%
GD	F	0.7%
CPNG	D	0.7%
DHI	D	0.69%
ACGL	D	0.69%
KLAC	D	0.69%
UBER	D	0.68%
QCOM	F	0.68%
FSLR	F	0.68%
CEG	D	0.67%
AMD	F	0.65%
NU	C	0.65%
LLY	F	0.64%
CHKP	D	0.64%
MPWR	F	0.48%
SMCI	F	0.41%

JOET Underweight 82 Positions Relative to SRS

Symbol	Grade	Weight
AMT	D	-8.05%
CCI	D	-4.7%
PLD	D	-4.64%
EQIX	A	-3.91%
SPG	B	-3.53%
AVB	B	-2.35%
EQR	B	-2.24%
SBAC	D	-2.21%
DLR	B	-2.02%
CSGP	D	-1.85%
WY	D	-1.8%
VTR	C	-1.71%
ESS	B	-1.59%
CBRE	B	-1.59%
BXP	D	-1.56%
ARE	D	-1.46%
DOC	D	-1.4%
INVH	D	-1.28%
MAA	B	-1.19%
WPC	D	-1.12%
SUI	D	-1.12%
NLY	C	-1.08%
UDR	B	-1.08%
HST	C	-1.0%
ELS	C	-1.0%
MPW	F	-0.9%
VNO	B	-0.83%
CPT	B	-0.83%
REG	B	-0.82%
AGNC	D	-0.77%
VICI	C	-0.76%
OHI	C	-0.74%
NNN	D	-0.74%
GLPI	C	-0.72%
FRT	B	-0.71%
JLL	D	-0.69%
KIM	A	-0.67%
KRC	C	-0.63%
LAMR	D	-0.62%
AIV	C	-0.61%
SLG	B	-0.58%
STWD	C	-0.56%
AMH	D	-0.54%
DEI	B	-0.54%
COLD	D	-0.53%
CUZ	B	-0.48%
BRX	A	-0.48%
CUBE	D	-0.47%
PK	B	-0.46%
HPP	F	-0.45%
EPR	D	-0.44%
HHH	B	-0.42%
FR	C	-0.42%
EGP	F	-0.41%
HIW	D	-0.41%
REXR	F	-0.41%
BXMT	C	-0.39%
RHP	B	-0.37%
JBGS	D	-0.37%
HR	C	-0.36%
SBRA	C	-0.33%
TWO	D	-0.32%
OUT	A	-0.32%
RYN	D	-0.32%
CIM	D	-0.31%
SVC	F	-0.31%
EQC	B	-0.31%
NHI	D	-0.29%
DSS	F	-0.28%
MFA	D	-0.28%
APLE	B	-0.26%
PEB	D	-0.26%
SHO	C	-0.24%
RLJ	C	-0.23%
PDM	D	-0.23%
PCH	D	-0.23%
BDN	C	-0.22%
PGRE	F	-0.22%
MAC	B	-0.22%
LXP	D	-0.21%
IVR	F	-0.19%
XHR	B	-0.18%