JOET vs. FQAL ETF Comparison

Comparison of Virtus Terranova U.S. Quality Momentum ETF (JOET) to Fidelity Quality Factor ETF (FQAL)

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

FQAL

Fidelity Quality Factor ETF

FQAL Description

The fund seeks to provide investment returns that correspond, before fees and expenses, generally to the performance of the Fidelity U.S. Quality Factor Index. Normally investing at least 80% of assets in securities included in the Fidelity U.S. Quality Factor Index, which is designed to reflect the performance of stocks of large and mid-capitalization U.S. companies with a higher quality profile than the broader market.

Grade (RS Rating)

Last Trade

$67.19

Average Daily Volume

29,912

Number of Holdings ^*

124

* may have additional holdings in another (foreign) market

Performance

Period	JOET	FQAL
30 Days	7.96%	2.60%
60 Days	9.99%	4.35%
90 Days	13.18%	5.86%
12 Months	38.99%	30.56%

28 Overlapping Holdings

Symbol	Grade	Weight in JOET	Weight in FQAL	Overlap
ACGL	D	0.69%	0.71%	0.69%
ACN	C	0.75%	1.05%	0.75%
AMAT	F	0.7%	0.77%	0.7%
AMP	A	0.83%	0.92%	0.83%
AVGO	D	0.72%	2.0%	0.72%
CAT	B	0.74%	0.77%	0.74%
CEG	D	0.67%	0.36%	0.36%
COST	B	0.79%	1.01%	0.79%
CTAS	B	0.79%	0.55%	0.55%
EXR	D	0.75%	0.19%	0.19%
FAST	B	0.81%	0.53%	0.53%
GRMN	B	0.94%	0.86%	0.86%
GWW	B	0.81%	0.55%	0.55%
KLAC	D	0.69%	0.64%	0.64%
LLY	F	0.64%	1.72%	0.64%
MA	C	0.76%	1.48%	0.76%
META	D	0.74%	2.51%	0.74%
MLM	B	0.77%	0.19%	0.19%
MSFT	F	0.74%	6.3%	0.74%
NFLX	A	0.89%	0.97%	0.89%
NVDA	C	0.79%	7.24%	0.79%
O	D	0.7%	0.21%	0.21%
PANW	C	0.82%	0.96%	0.82%
PGR	A	0.8%	1.0%	0.8%
PSA	D	0.75%	0.23%	0.23%
QCOM	F	0.68%	0.91%	0.68%
SPGI	C	0.78%	0.92%	0.78%
TTD	B	0.79%	0.41%	0.41%

JOET Overweight 96 Positions Relative to FQAL

Symbol	Grade	Weight
APP	B	1.48%
COIN	C	1.12%
PLTR	B	1.05%
AXON	A	1.04%
UAL	A	0.94%
IBKR	A	0.94%
SPOT	B	0.93%
VRT	B	0.92%
SQ	B	0.91%
FCNCA	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%
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%
BSX	B	0.81%
JPM	A	0.81%
DDOG	A	0.81%
VMC	B	0.81%
ADSK	A	0.81%
CINF	A	0.8%
FITB	A	0.8%
WELL	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%
GM	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%
BRK.A	B	0.78%
PCAR	B	0.78%
TW	A	0.78%
DOV	A	0.78%
APH	A	0.78%
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%
CARR	D	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%
CB	C	0.74%
RMD	C	0.74%
NVR	D	0.74%
PHM	D	0.73%
LEN	D	0.73%
MELI	D	0.71%
XYL	D	0.71%
ADI	D	0.7%
GD	F	0.7%
CPNG	D	0.7%
DHI	D	0.69%
IRM	D	0.69%
UBER	D	0.68%
FSLR	F	0.68%
AMD	F	0.65%
NU	C	0.65%
CHKP	D	0.64%
MPWR	F	0.48%
SMCI	F	0.41%

JOET Underweight 96 Positions Relative to FQAL

Symbol	Grade	Weight
AAPL	C	-6.62%
GOOGL	C	-3.69%
V	A	-1.61%
HD	A	-1.5%
JNJ	D	-1.35%
BKNG	A	-1.21%
XOM	B	-1.16%
ABBV	D	-1.14%
MCD	D	-1.11%
BX	A	-1.05%
BMY	B	-1.02%
LOW	D	-1.02%
GILD	C	-1.0%
PG	A	-0.98%
ADBE	C	-0.97%
FICO	B	-0.96%
VRTX	F	-0.86%
CME	A	-0.85%
ORLY	B	-0.84%
VEEV	C	-0.84%
CPAY	A	-0.82%
ZTS	D	-0.81%
EWBC	A	-0.78%
CFR	B	-0.77%
MCO	B	-0.76%
MSCI	C	-0.75%
AZO	C	-0.75%
ABNB	C	-0.75%
JXN	C	-0.74%
YUM	B	-0.72%
CBSH	A	-0.71%
DPZ	C	-0.69%
CVX	A	-0.68%
LRCX	F	-0.67%
IDXX	F	-0.67%
KO	D	-0.66%
KNSL	B	-0.65%
QLYS	C	-0.64%
ADP	B	-0.64%
WSM	B	-0.63%
PM	B	-0.63%
UNP	C	-0.61%
MTD	D	-0.58%
MEDP	D	-0.57%
T	A	-0.57%
LMT	D	-0.56%
VZ	C	-0.56%
ITW	B	-0.54%
AME	A	-0.52%
LIN	D	-0.52%
MMM	D	-0.5%
TDG	D	-0.49%
CSX	B	-0.49%
PAYX	C	-0.49%
CPRT	A	-0.48%
NEE	D	-0.47%
VRSK	A	-0.46%
OTIS	C	-0.45%
ODFL	B	-0.45%
MO	A	-0.44%
VST	B	-0.43%
COP	C	-0.41%
MDLZ	F	-0.38%
CL	D	-0.36%
SO	D	-0.36%
WMB	A	-0.34%
EOG	A	-0.32%
MNST	C	-0.31%
KMB	D	-0.31%
TPL	A	-0.31%
PLD	D	-0.3%
SHW	A	-0.3%
LNG	B	-0.28%
NRG	B	-0.27%
AMT	D	-0.27%
WEC	A	-0.26%
SPG	B	-0.25%
HSY	F	-0.25%
FCX	D	-0.24%
ECL	D	-0.24%
NFG	A	-0.2%
AM	A	-0.19%
UGI	A	-0.19%
AVB	B	-0.19%
WHD	B	-0.18%
VICI	C	-0.18%
NUE	C	-0.18%
RS	B	-0.17%
EQR	B	-0.17%
CF	B	-0.17%
SBAC	D	-0.16%
ESS	B	-0.16%
EXP	A	-0.16%
RGLD	C	-0.15%
AVY	D	-0.15%
GLPI	C	-0.14%