JOET vs FMUB

Comparison between VIRTUS TERRANOVA U.S. QUALITY MOMENTUM ETF (JOET, ETF) and FIDELITY MUNICIPAL BOND OPPORTUNITIES ETF (FMUB, ETF).

JOET vs FMUB - Performance Comparison

Log

Key Characteristics

Financial metrics and valuation ratios

Metric	JOET(ETF)	FMUB(ETF)
Net Assets	$243M	$243M
Expense Ratio	0.29%	0.30%
Max Drawdown	26.58%	2.49%
Sharpe Ratio	0.65	0.39
5Y Beta	0.97	0.05
P/E Ratio	23.67	N/A
Forward P/E	20.08	N/A
PEG Ratio	0.11	N/A
5Y Dividends CAGR	67.26%	N/A
5Y EPS CAGR	18.04%	N/A
Debt to Equity	54.93%	N/A
P/S Ratio	2.87	N/A
P/B Ratio	4.66	N/A

Net Assets

Winner

JOET

$243M

FMUB

$243M

Expense Ratio

Winner

JOET

0.29%

FMUB

0.30%

Max Drawdown

JOET

26.58%

Winner

FMUB

2.49%

Sharpe Ratio

Winner

JOET

0.65

FMUB

0.39

5Y Beta

JOET

0.97

Winner

FMUB

0.05

P/E Ratio

JOET

23.67

FMUB

N/A

Forward P/E

JOET

20.08

FMUB

N/A

PEG Ratio

JOET

0.11

FMUB

N/A

5Y Dividends CAGR

JOET

67.26%

FMUB

N/A

5Y EPS CAGR

JOET

18.04%

FMUB

N/A

Debt to Equity

JOET

54.93%

FMUB

N/A

P/S Ratio

JOET

2.87

FMUB

N/A

P/B Ratio

JOET

4.66

FMUB

N/A

JOET vs FMUB - Historical Returns

Returns include dividend reinvestment.

Period	JOET	FMUB
1 month	+1.70%	+0.16%
3 months	+5.25%	+0.42%
6 months	+7.91%	-0.63%
1 year	+11.32%	+4.76%
5 years(CAGR)	+9.06%	N/A
Max(CAGR)	+12.26%	+5.59%

Winner

JOET

+1.70%

FMUB

+0.16%

Winner

JOET

+5.25%

FMUB

+0.42%

Winner

JOET

+7.91%

FMUB

-0.63%

Winner

JOET

+11.32%

FMUB

+4.76%

5Y(CAGR)

JOET

+9.06%

FMUB

N/A

Max(CAGR)

Winner

JOET

+12.26%

FMUB

+5.59%

JOET vs FMUB - Annual Returns (2020 - 2026)

Returns include dividend reinvestment.

Year	JOET	FMUB
2026	+8.93%	+0.93%
2025	+11.77%	+6.63%
2024	+25.51%	N/A
2023	+17.11%	N/A
2022	-17.36%	N/A
2021	+28.56%	N/A
2020	+6.00%	N/A

JOET vs FMUB Drawdown Comparison

The maximum drawdown for JOET was -26.58%, occurring on Jun 17, 2022. Recovery took 533 trading sessions.

The maximum drawdown for FMUB was -2.49%, occurring on Mar 27, 2026. Recovery took 67 trading sessions.

The current JOET drawdown is -2.75%. The current FMUB drawdown is -1.47%.

Rank	JOET	FMUB
#1	-26.58% Dec 27, 2021 - Feb 9, 2024	-2.49% Feb 27, 2026 - Jun 4, 2026
#2	-19.56% Dec 6, 2024 - Jun 30, 2025	-1.66% Jul 7, 2026 - Jul 23, 2026
#3	-10.42% Jan 6, 2026 - May 6, 2026	-1.41% Apr 14, 2025 - Jun 12, 2025
#4	-9.06% Jul 16, 2024 - Aug 23, 2024	-0.93% Apr 7, 2025 - Apr 11, 2025
#5	-8.96% Feb 12, 2021 - Apr 5, 2021	-0.70% Jul 2, 2025 - Aug 1, 2025
#6	-7.36% Sep 3, 2021 - Oct 21, 2021	-0.47% Jan 9, 2026 - Feb 2, 2026
#7	-6.68% Mar 28, 2024 - Jul 3, 2024	-0.42% Sep 22, 2025 - Oct 10, 2025
#8	-6.35% Oct 27, 2025 - Jan 6, 2026	-0.39% Oct 22, 2025 - Nov 11, 2025
#9	-5.63% Nov 16, 2021 - Dec 27, 2021	-0.38% Nov 11, 2025 - Nov 25, 2025
#10	-4.99% Apr 26, 2021 - Jun 11, 2021	-0.34% Nov 26, 2025 - Dec 29, 2025
#11	-4.59% Aug 30, 2024 - Sep 17, 2024	-0.26% Jun 4, 2026 - Jun 16, 2026
#12	-4.50% Jan 20, 2021 - Feb 8, 2021	-0.25% Aug 29, 2025 - Sep 3, 2025
#13	-3.50% Jun 4, 2026 - Jun 15, 2026	-0.19% Jun 12, 2025 - Jun 17, 2025
#14	-3.47% Jul 25, 2025 - Aug 27, 2025	-0.18% Jun 23, 2025 - Jun 30, 2025
#15	-3.43% Oct 14, 2024 - Nov 6, 2024	-0.18% Aug 5, 2025 - Aug 11, 2025