Advertisement
JOET vs SPY
Which ETF would AI Choose? Virtus Terranova U.S. Quality Momentum ETF (JOET) vs. SPDR S&P 500 ETF Trust (SPY)
Key Takeaways
- Virtus Terranova U.S. Quality Momentum ETF (JOET) employs a multi-factor strategy targeting large-cap U.S. companies with strong quality fundamentals and positive technical momentum, resulting in a more concentrated, equal-weighted portfolio of approximately 125 holdings.
- SPDR S&P 500 ETF Trust (SPY) provides broad, market-cap-weighted exposure to 500 of the largest U.S. companies through passive replication of the S&P 500 Index, emphasizing diversification and liquidity.
- JOET carries a higher expense ratio of 0.29% compared to SPY’s 0.09%, reflecting its active index methodology versus SPY’s straightforward benchmark tracking.
- JOET exhibits greater sector concentration in technology, industrials, and financials, while SPY maintains balanced exposure across all S&P 500 sectors with heavy weighting toward mega-cap technology names.
- Structural differences position JOET as a thematic, factor-driven complement and SPY as a core, low-cost holding for broad market participation.
- Both ETFs operate as passive vehicles but differ significantly in risk profile, with JOET potentially showing higher volatility due to its momentum and quality screens.
Introduction
Investors seeking U.S. large-cap equity exposure often evaluate factor-based and broad-market ETFs side by side. Virtus Terranova U.S. Quality Momentum ETF (JOET) and SPDR S&P 500 ETF Trust (SPY) represent distinct approaches within the same asset class. JOET applies a specialized quality-momentum screen, while SPY delivers comprehensive market representation. The comparison highlights trade-offs between targeted factor exposure and broad diversification, helping investors align choices with risk tolerance and portfolio objectives in the current environment of evolving sector leadership and macroeconomic uncertainty.
Virtus Terranova U.S. Quality Momentum ETF (JOET) Overview
Virtus Terranova U.S. Quality Momentum ETF (JOET) seeks to track the Terranova U.S. Quality Momentum Index before fees and expenses. The index selects large-capitalization U.S. companies that combine robust financial fundamentals with favorable technical momentum characteristics. The fund holds approximately 125 securities and follows an equal-weighted approach, limiting concentration in any single name. Top holdings typically include companies such as Okta, Marvell Technology, Newmont, ConocoPhillips, and Hewlett Packard Enterprise, each representing roughly 1% of assets. Sector allocations emphasize technology, industrials, financials, healthcare, and energy. The expense ratio stands at 0.29%. As a passive ETF, it rebalances according to the index methodology developed by Joe Terranova, with full physical replication of underlying securities.
SPDR S&P 500 ETF Trust (SPY) Overview
SPDR S&P 500 ETF Trust (SPY) tracks the S&P 500 Index, providing exposure to 500 leading U.S. companies selected for market capitalization, liquidity, and financial viability. The fund uses market-cap weighting, resulting in significant allocations to the largest constituents. It maintains approximately 505 holdings with high liquidity and tight bid-ask spreads. The expense ratio is 0.09%. SPY replicates the index through physical holdings of common stocks and employs periodic rebalancing to match index changes. As the original S&P 500 ETF, it serves as a foundational vehicle for broad U.S. equity market exposure across all sectors, with technology, financials, healthcare, consumer discretionary, and industrials forming the primary allocations.
Industry and Thematic Backdrop
The U.S. large-cap equity market continues to navigate shifting sector dynamics driven by technological innovation, energy transition, and monetary policy expectations. Quality and momentum factors have gained attention amid earnings variability and valuation dispersion. Regulatory developments around technology platforms and potential changes in interest-rate paths influence capital flows between growth-oriented and value-oriented segments. Broader macroeconomic factors, including corporate earnings cycles and geopolitical tensions, affect both broad-market and factor-tilted strategies. These conditions underscore the relevance of comparing diversified index exposure against screened, factor-based approaches.
Performance and Positioning Comparison
In recent market cycles, SPDR S&P 500 ETF Trust (SPY) has benefited from its heavy weighting toward mega-cap technology leaders, delivering steady participation in broad market advances. Virtus Terranova U.S. Quality Momentum ETF (JOET) has shown differentiated behavior tied to the performance of quality-momentum names, which can lead or lag depending on sector rotation and earnings momentum. SPY generally exhibits lower relative volatility due to its diversified, cap-weighted structure. JOET’s equal-weighted methodology and factor screens introduce greater sensitivity to rotations among mid-tier large-caps and momentum shifts. Over broader periods, the two vehicles reflect contrasting drivers: SPY tracks overall market capitalization trends, while JOET emphasizes companies demonstrating both fundamental strength and technical trends.
AI Screener
Tickeron’s AI Screener is an AI-powered stock and ETF discovery tool that helps traders and investors filter the market based on technical patterns, fundamentals, trends, volatility, and AI-driven signals. Users can scan thousands of stocks and ETFs using customizable filters such as industry, market capitalization, technical indicators, price patterns, and performance metrics. The screener helps identify trade ideas, trending stocks, breakout candidates, and market opportunities more efficiently than manual screening. Explore the AI Screener to refine your ETF and stock selection process.
Tickeron AI Verdict
Based on observable structural characteristics, SPDR S&P 500 ETF Trust (SPY) currently aligns more closely with criteria emphasizing cost efficiency, broad diversification, and consistent liquidity. Its lower expense ratio, market-cap weighting, and extensive holdings profile support stable positioning across market environments. Virtus Terranova U.S. Quality Momentum ETF (JOET) offers distinct factor exposure that may appeal in specific momentum-driven regimes but carries higher costs and concentration risks. The AI assessment favors SPY for core allocations while recognizing JOET’s potential role in satellite strategies seeking quality-momentum tilts.
Disclaimer
The information on this webpage is provided for general informational and educational purposes only and is not intended as investment advice, a recommendation to purchase or sell any security, or an offer or solicitation related to investments. It does not consider your personal financial situation, goals, or risk profile, and all investing carries inherent risks, including the possibility of losing your entire investment. For more details, please review our full disclaimer.
To compare these two companies we present long-term analysis, their fundamental ratings and make comparative short-term technical analysis which are presented below. The conclusion is JOET is a Hold and SPY is a Hold.
JOET's RSI Oscillator sits in oversold zone for 1 day
It is expected that a price bounce should occur soon.
Technical Analysis (Indicators)
Bullish Trend Analysis
The Stochastic Oscillator shows that the ticker has stayed in the oversold zone for 3 days. The price of this ticker is presumed to bounce back soon, since the longer the ticker stays in the oversold zone, the more promptly an upward trend is expected.
Following a +0.69% 3-day Advance, the price is estimated to grow further. Considering data from situations where JOET advanced for three days, in 255 of 325 cases, the price rose further within the following month. The odds of a continued upward trend are 78%.
JOET may jump back above the lower band and head toward the middle band. Traders may consider buying the stock or exploring call options.
The Aroon Indicator entered an Uptrend today. In 281 of 339 cases where JOET Aroon's Indicator entered an Uptrend, the price rose further within the following month. The odds of a continued Uptrend are 83%.
Bearish Trend Analysis
The Momentum Indicator moved below the 0 level on November 02, 2026. You may want to consider selling the stock, shorting the stock, or exploring put options on JOET as a result. In 59 of 76 cases where the Momentum Indicator fell below 0, the stock fell further within the subsequent month. The odds of a continued downward trend are 78%.
The Moving Average Convergence Divergence Histogram (MACD) for JOET turned negative on November 02, 2026. This could be a sign that the stock is set to turn lower in the coming weeks. Traders may want to sell the stock or buy put options. Tickeron's A.I.dvisor looked at 49 similar instances when the indicator turned negative. In 38 of the 49 cases the stock turned lower in the days that followed. This puts the odds of success at 78%.
JOET moved below its 50-day moving average on October 30, 2026 date and that indicates a change from an upward trend to a downward trend.
Following a 3-day decline, the stock is projected to fall further. Considering past instances where JOET declined for three days, the price rose further in 50 of 62 cases within the following month. The odds of a continued downward trend are 77%.
SPY's Stochastic Oscillator is remaining in oversold zone for 3 days
The price of this ticker is presumed to bounce back soon, since the longer the ticker stays in the oversold zone, the more promptly an uptrend is expected.
Technical Analysis (Indicators)
Bullish Trend Analysis
Following a +1.96% 3-day Advance, the price is estimated to grow further. Considering data from situations where SPY advanced for three days, in 291 of 353 cases, the price rose further within the following month. The odds of a continued upward trend are 82%.
SPY may jump back above the lower band and head toward the middle band. Traders may consider buying the stock or exploring call options.
Bearish Trend Analysis
The Momentum Indicator moved below the 0 level on October 29, 2026. You may want to consider selling the stock, shorting the stock, or exploring put options on SPY as a result. In 61 of 77 cases where the Momentum Indicator fell below 0, the stock fell further within the subsequent month. The odds of a continued downward trend are 79%.
The Moving Average Convergence Divergence Histogram (MACD) for SPY turned negative on October 15, 2026. This could be a sign that the stock is set to turn lower in the coming weeks. Traders may want to sell the stock or buy put options. Tickeron's A.I.dvisor looked at 51 similar instances when the indicator turned negative. In 39 of the 51 cases the stock turned lower in the days that followed. This puts the odds of success at 76%.
SPY moved below its 50-day moving average on November 05, 2026 date and that indicates a change from an upward trend to a downward trend.
The 10-day moving average for SPY crossed bearishly below the 50-day moving average on October 30, 2026. This indicates that the trend has shifted lower and could be considered a sell signal. In 12 of 15 past instances when the 10-day crossed below the 50-day, the stock continued to move higher over the following month. The odds of a continued downward trend are 80%.
Following a 3-day decline, the stock is projected to fall further. Considering past instances where SPY declined for three days, the price rose further in 50 of 62 cases within the following month. The odds of a continued downward trend are 76%.
The Aroon Indicator for SPY entered a downward trend on November 06, 2026. This could indicate a strong downward move is ahead for the stock. Traders may want to consider selling the stock or buying put options.
| JOET | SPY | |
|---|---|---|
| RSI ODDS (%) | 4 days ago 90% | N/A |
| Stochastic ODDS (%) | 4 days ago 88% | 4 days ago 90% |
| Momentum ODDS (%) | 4 days ago 78% | 4 days ago 79% |
| MACD ODDS (%) | 4 days ago 78% | 4 days ago 76% |
| TrendWeek ODDS (%) | 4 days ago 78% | 4 days ago 77% |
| TrendMonth ODDS (%) | 4 days ago 78% | 4 days ago 80% |
| Advances ODDS (%) | 12 days ago 78% | 6 days ago 82% |
| Declines ODDS (%) | 5 days ago 77% | 8 days ago 76% |
| BollingerBands ODDS (%) | 4 days ago 90% | 4 days ago 84% |
| Aroon ODDS (%) | 4 days ago 83% | 4 days ago 82% |
Advertisement
JOET and
Correlation & Price change
A.I.dvisor indicates that over the last year, JOET has been closely correlated with AME. These tickers have moved in lockstep 74% of the time. This A.I.-generated data suggests there is a high statistical probability that if JOET jumps, then AME could also see price increases.
| Ticker / NAME | Correlation To JOET | 1D Price Change % | ||
|---|---|---|---|---|
| JOET | 100% | +0.44% | ||
| AME - JOET | 74% Closely correlated | +2.55% | ||
| ADI - JOET | 70% Closely correlated | +0.71% | ||
| CAT - JOET | 69% Closely correlated | +0.90% | ||
| BLK - JOET | 69% Closely correlated | +0.70% | ||
| DELL - JOET | 69% Closely correlated | +3.67% | ||
More | ||||
| 1 Day | |||
|---|---|---|---|
| ETFs / NAME | Price $ | Chg $ | Chg % |
| VIS | 312.49 | 1.51 | +0.49% |
| Vanguard Industrials ETF (VIS) | |||
| MYCG | 24.86 | N/A | N/A |
| State Street My2027 Corporate Bond ETF (MYCG) | |||
| OSCV | 40.46 | -0.06 | -0.15% |
| Opus Small Cap Value ETF (OSCV) | |||
| BAGY | 20.55 | -0.05 | -0.24% |
| Amplify Bitcoin Max Income Covered Call ETF (BAGY) | |||
| DGP | 128.41 | -1.71 | -1.32% |
| DB Gold Double Long Exchange Traded Notes (DGP) | |||