JOET vs. XLI ETF Comparison

Comparison of Virtus Terranova U.S. Quality Momentum ETF (JOET) to SPDR Select Sector Fund - Industrial (XLI)

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

XLI

SPDR Select Sector Fund - Industrial

XLI Description

The investment seeks to provide investment results that, before expenses, correspond generally to the price and yield performance of publicly traded equity securities of companies in The Industrial Select Sector Index. The fund invests at least 95% of its assets in the securities comprising the index. The index includes companies from the following industries: aerospace & defense; industrial conglomerates; machinery; road & rail; air freight & logistics; commercial services & supplies; professional services; electrical equipment; construction & engineering; trading companies & distributors; airlines; and building products. It is non-diversified.

Grade (RS Rating)

Last Trade

$142.65

Average Daily Volume

7,570,021

Number of Holdings ^*

* may have additional holdings in another (foreign) market

Performance

Period	JOET	XLI
30 Days	7.96%	4.35%
60 Days	9.99%	6.74%
90 Days	13.18%	10.70%
12 Months	38.99%	36.54%

26 Overlapping Holdings

Symbol	Grade	Weight in JOET	Weight in XLI	Overlap
AXON	A	1.04%	1.01%	1.01%
BR	A	0.8%	0.62%	0.62%
CARR	D	0.75%	1.47%	0.75%
CAT	B	0.74%	4.37%	0.74%
CMI	A	0.82%	1.16%	0.82%
CTAS	B	0.79%	1.73%	0.79%
DAL	C	0.87%	0.97%	0.87%
DOV	A	0.78%	0.65%	0.65%
ETN	A	0.79%	3.35%	0.79%
FAST	B	0.81%	1.1%	0.81%
GD	F	0.7%	1.76%	0.7%
GWW	B	0.81%	1.22%	0.81%
HUBB	B	0.75%	0.55%	0.55%
HWM	A	0.87%	1.08%	0.87%
IR	B	0.8%	0.97%	0.8%
PCAR	B	0.78%	1.4%	0.78%
PH	A	0.84%	2.09%	0.84%
PWR	A	0.8%	1.11%	0.8%
ROL	B	0.79%	0.33%	0.33%
RSG	A	0.8%	1.0%	0.8%
TT	A	0.79%	2.16%	0.79%
UAL	A	0.94%	0.7%	0.7%
UBER	D	0.68%	3.5%	0.68%
URI	B	0.75%	1.32%	0.75%
WAB	B	0.77%	0.8%	0.77%
XYL	D	0.71%	0.69%	0.69%

JOET Overweight 98 Positions Relative to XLI

Symbol	Grade	Weight
APP	B	1.48%
COIN	C	1.12%
PLTR	B	1.05%
GRMN	B	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%
DFS	B	0.86%
DOCU	A	0.86%
SYF	B	0.86%
HEI	B	0.85%
APO	B	0.85%
ORCL	B	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%
CFG	B	0.82%
MTB	A	0.82%
NOW	A	0.82%
SYK	C	0.82%
PANW	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%
PGR	A	0.8%
WELL	A	0.8%
WMT	A	0.8%
NTRS	A	0.8%
AXP	A	0.8%
BRO	B	0.8%
ISRG	A	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%
BRK.A	B	0.78%
TW	A	0.78%
APH	A	0.78%
SPGI	C	0.78%
MLM	B	0.77%
PYPL	B	0.77%
BK	A	0.77%
TRV	B	0.77%
TSCO	D	0.76%
AFL	B	0.76%
IT	C	0.76%
MA	C	0.76%
EXR	D	0.75%
ACN	C	0.75%
PSA	D	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%
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%
ADI	D	0.7%
AMAT	F	0.7%
CPNG	D	0.7%
O	D	0.7%
DHI	D	0.69%
ACGL	D	0.69%
IRM	D	0.69%
KLAC	D	0.69%
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 51 Positions Relative to XLI

Symbol	Grade	Weight
GE	D	-4.5%
RTX	C	-3.68%
HON	B	-3.5%
UNP	C	-3.34%
ADP	B	-2.87%
LMT	D	-2.66%
DE	A	-2.36%
BA	F	-2.35%
UPS	C	-2.26%
GEV	B	-2.09%
WM	A	-1.89%
EMR	A	-1.72%
ITW	B	-1.7%
MMM	D	-1.69%
TDG	D	-1.66%
CSX	B	-1.61%
NOC	D	-1.6%
FDX	B	-1.53%
NSC	B	-1.39%
JCI	C	-1.32%
CPRT	A	-1.17%
LHX	C	-1.1%
PAYX	C	-1.09%
AME	A	-1.04%
ODFL	B	-0.98%
VRSK	A	-0.95%
OTIS	C	-0.93%
EFX	F	-0.76%
ROK	B	-0.76%
FTV	C	-0.62%
VLTO	D	-0.59%
LDOS	C	-0.53%
BLDR	D	-0.49%
LUV	C	-0.45%
SNA	A	-0.44%
PNR	A	-0.41%
J	F	-0.41%
EXPD	D	-0.4%
MAS	D	-0.4%
IEX	B	-0.4%
TXT	D	-0.38%
JBHT	C	-0.35%
NDSN	B	-0.33%
CHRW	C	-0.31%
SWK	D	-0.31%
ALLE	D	-0.29%
DAY	B	-0.28%
GNRC	B	-0.26%
PAYC	B	-0.25%
AOS	F	-0.2%
HII	D	-0.18%