JOET: Recent Performance Surprise Does Not Change Long-Term View
Portfolio Pulse from
The Virtus Terranova U.S. Quality Momentum ETF (JOET) has recently outperformed the S&P 500, but its long-term returns remain disappointing. Despite a 41% portfolio turnover, the ETF continues to focus on quality and momentum stocks.
November 11, 2024 | 12:00 pm
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JOET has recently outperformed the S&P 500, but its long-term performance remains lackluster. The ETF has undergone significant portfolio changes, maintaining its focus on quality and momentum stocks.
The recent outperformance of JOET compared to the S&P 500 is a positive short-term indicator. However, the long-term performance remains disappointing, which tempers enthusiasm. The 41% portfolio turnover suggests active management to maintain quality and momentum, but it does not change the long-term view.
CONFIDENCE 90
IMPORTANCE 70
RELEVANCE 100