Virtus Terranova U.S. Quality Momentum ETF (JOET) Performance
JOET total return
Distributions reinvested · as of Oct 23, 2026- YTD
- +7.1% since Dec 31, 2025
- 1 year
- +6.2% total return
- 5 years
- +8.2% a year
- Since first price
- +11.5% a year since 2020
JOET trailing returns vs SPY, QQQ, AGG
| Period | JOET total return | Price only | S&P 500 (SPY) | Nasdaq-100 (QQQ) | U.S. bonds (AGG) |
|---|---|---|---|---|---|
| 1 month | −1.0% | −1.0% | −1.0% | −5.0% | +0.9% |
| 3 months | −0.5% | −0.5% | +3.2% | +1.9% | −0.4% |
| 6 months | +4.9% | +4.9% | +7.8% | +8.4% | −1.5% |
| YTD | +7.1% | +7.1% | +12.3% | +15.1% | −1.0% |
| 1 year | +6.2% | +5.5% | +14.4% | +15.9% | −1.1% |
| 3 years | +71.5%+19.7%/yr | +67.0% | +87.4%+23.3%/yr | +101.4%+26.3%/yr | +16.6%+5.2%/yr |
| 5 years | +48.4%+8.2%/yr | +42.1% | +79.3%+12.4%/yr | +94.0%+14.2%/yr | −0.8%−0.2%/yr |
| Since inceptionNov 18, 2020 | +90.4%+11.5%/yr | +82.2% | — | — | — |
Total return from adjusted closes (distributions reinvested, before tax). Periods of 3 years or more are also shown annualized. Price only excludes distributions.
Growth of $10,000: JOET vs SPY
From Nov 18, 2020: JOET grew to $19,044, SPY to $23,128.
Year-end values with distributions reinvested, no taxes or trading costs. Start: first common trading day of both funds.
JOET returns by calendar year
4 of 5 full years positive. Best 2021 (+26.8%), worst 2022 (−18.0%). 2026 is year to date.
JOET annual returns table
| Year | JOET | Largest drop | SPY | QQQ | AGG |
|---|---|---|---|---|---|
| 2026YTD | +7.1% | −10.4% | +12.3% | +15.1% | −1.0% |
| 2025 | +11.9% | −18.8% | +17.7% | +20.8% | +7.2% |
| 2024 | +24.0% | −9.1% | +24.9% | +25.6% | +1.3% |
| 2023 | +16.3% | −11.3% | +26.2% | +54.9% | +5.7% |
| 2022 | −18.0% | −25.6% | −18.2% | −32.6% | −13.0% |
| 2021 | +26.8% | −9.0% | +28.7% | +27.4% | −1.8% |
Largest drop = deepest fall from a high within that calendar year.
Calendar-year return vs largest drop within the year
Most years include a sizable fall at some point even when the year ends higher.
JOET largest drawdowns
Now 4.9% below the high| Peak | Decline | Bottom | Recovered | Fall | Underwater |
|---|---|---|---|---|---|
| Dec 27, 2021 | −26.6% | Jun 17, 2022 | Feb 9, 2024 | 6 months | 2.1 years |
| Dec 6, 2024 | −19.5% | Apr 8, 2025 | Jun 30, 2025 | 4 months | 7 months |
| Jan 6, 2026 | −10.4% | Mar 30, 2026 | May 6, 2026 | 3 months | 4 months |
Declines from a closing high (distributions reinvested) of 10% or more. Underwater = time from the peak until the old high was regained.
JOET risk statistics
| Statistic | 3 years | 5 years | Since 2020 |
|---|---|---|---|
| Annualized return | +18.4% | +9.7% | +11.3% |
| Volatility (annualized) | 14.5% | 17.0% | 16.3% |
| Sharpe ratio | 0.94 | 0.42 | 0.55 |
| Sortino ratio | 1.67 | 0.65 | 0.86 |
| Best month | +10.3% | +10.3% | +10.3% |
| Worst month | −6.3% | −10.1% | −10.1% |
| Best 12 months | +40.7% | +40.7% | +40.7% |
| Worst 12 months | +5.2% | −18.0% | −18.0% |
| Positive months | 69% | 60% | 63% |
| Beta vs S&P 500 | 1.03 | 1.01 | — |
| Correlation with S&P 500 | 0.88 | 0.93 | — |
From monthly total returns. Sharpe and Sortino use 1–3 month T-bills (BIL) as the risk-free rate, so they need history from 2007 on.
JOET rolling returns
| Holding period | Periods | Worst | Median | Best | Positive |
|---|---|---|---|---|---|
| 1-year | 60 | −18.0% | +13.6% | +40.7% | 80% |
| 3-year (a year) | 36 | +5.6% | +13.0% | +21.9% | 100% |
| 5-year (a year) | 12 | +7.9% | +10.3% | +11.8% | 100% |
Every holding period starting at a month-end since 2020. Returns for 3 years and longer are annualized.
JOET performance overview
Virtus Terranova U.S. Quality Momentum ETF (JOET) returned +6.2% over the past year and +8.2% a year over five years, with distributions reinvested. Since its first recorded price in 2020 it has returned +11.5% a year, turning $10,000 into about $19,044. Over the same year S&P 500 (SPY) returned +14.4%.
The deepest decline was −26.6%, from Dec 27, 2021 to Jun 17, 2022, and it took 1.6 years to get back to the old high. JOET finished 4 of its 5 full calendar years with a gain; the best year was 2021 (+26.8%) and the worst 2022 (−18.0%). Volatility has been 16.3% a year.
Related: JOET chart, JOET holdings, JOET dividends, JOET valuation. See the JOET overview for the latest quote and fund facts.
JOET performance FAQ
What is the JOET return over the past year?
JOET returned +6.2% over the 12 months to October 23, 2026, including reinvested distributions. On price alone it rose 5.5%.
What is the average annual return of JOET?
JOET has returned +8.2% a year over 5 years, +11.5% a year since November 18, 2020 (total return, distributions reinvested).
How much would $10,000 invested in JOET be worth?
$10,000 invested in JOET at its first recorded close on November 18, 2020 would be worth about $19,044 on October 23, 2026 with distributions reinvested.
What was the worst year for JOET?
The worst calendar year was 2022, with a total return of −18.0%. The best was 2021 at +26.8%.
What is the biggest drawdown of JOET?
The largest peak-to-trough decline was −26.6% between December 27, 2021 and June 17, 2022. It recovered to the old high on February 9, 2024, 1.6 years after the bottom.
How volatile is JOET?
Over the past 3 years JOET had an annualized volatility of 14.5% and a Sharpe ratio of 0.94 (excess return over 1–3 month T-bills per unit of risk).