ATFV vs. GRNY

Last updated Jun 4, 2026

ATFV (Alger 35 ETF) and GRNY (Fundstrat Granny Shots U.S. Large Cap ETF) are both exchange-traded funds - ATFV is a Large Cap Growth Equities fund tracking the S&P 500, while GRNY is a Large Cap Blend Equities fund actively managed by Tidal ETFs. ATFV is passively managed, while GRNY is actively managed. Over the past year, ATFV returned 48.62% vs 29.75% for GRNY. Their correlation of 0.83 suggests significant overlap in exposure. ATFV charges 0.55%/yr vs 0.75%/yr for GRNY.

Performance

ATFV vs. GRNY - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Alger 35 ETF (ATFV) and Fundstrat Granny Shots U.S. Large Cap ETF (GRNY). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, ATFV achieves a 16.46% return, which is significantly higher than GRNY's 11.15% return.

ATFV

• 1D: -2.00%
• 1M: 8.35%
• YTD: 16.46%
• 6M: 16.04%
• 1Y: 48.62%
• 3Y*: 39.26%
• 5Y*: 15.56%
• 10Y*: —

GRNY

• 1D: -0.76%
• 1M: 3.30%
• YTD: 11.15%
• 6M: 9.73%
• 1Y: 29.75%
• 3Y*: —
• 5Y*: —
• 10Y*: —

*Multi-year figures are annualized to reflect compound growth (CAGR)

ATFV vs. GRNY - Yearly Performance Comparison

	2026 (YTD)	2025	2024
ATFV Alger 35 ETF	16.46%	38.20%	5.17%
GRNY Fundstrat Granny Shots U.S. Large Cap ETF	11.15%	24.05%	-1.09%

Correlation

The correlation between ATFV and GRNY is 0.80, which is moderate. They share some common price drivers but move independently often enough to provide real diversification benefit when combined.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.80
Correlation (All Time) Calculated using the full available price history since Nov 8, 2024	0.83

The correlation between ATFV and GRNY has been stable across timeframes, ranging from 0.80 to 0.83 - a consistent structural relationship.

Return for Risk

ATFV vs. GRNY — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.

ATFV

ATFV Risk / Return Rank: 56
ATFV Sharpe Ratio Rank: 62
ATFV Sortino Ratio Rank: 58
ATFV Omega Ratio Rank: 55
ATFV Calmar Ratio Rank: 53
ATFV Martin Ratio Rank: 53

GRNY

GRNY Risk / Return Rank: 47
GRNY Sharpe Ratio Rank: 48
GRNY Sortino Ratio Rank: 45
GRNY Omega Ratio Rank: 44
GRNY Calmar Ratio Rank: 51
GRNY Martin Ratio Rank: 47

The rank (0–100) shows how this investment's returns compare to the risk taken. Higher = better. Based on the past 12 months of data, combining Sharpe, Sortino, and other metrics used by quantitative funds and institutional investors.

ATFV vs. GRNY - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Alger 35 ETF (ATFV) and Fundstrat Granny Shots U.S. Large Cap ETF (GRNY). Risk-adjusted metrics are performance indicators that assess an investment's returns in relation to its risk, enabling a more accurate comparison of different investment options.

	ATFV	GRNY	Difference
Sharpe ratio: Return per unit of total volatility	2.12	1.70	+0.42
Sortino ratio: Return per unit of downside risk	2.79	2.30	+0.49
Omega ratio: Gain probability vs. loss probability	1.35	1.29	+0.06
Calmar ratio: Return relative to maximum drawdown	2.67	2.57	+0.10
Martin ratio: Return relative to average drawdown	9.15	7.85	+1.30
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

ATFV vs. GRNY - Sharpe Ratio Comparison

The current ATFV Sharpe Ratio is 2.12, which is comparable to the GRNY Sharpe Ratio of 1.70. The chart below compares the historical Sharpe Ratios of ATFV and GRNY, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Sharpe Ratios by Period

	ATFV	GRNY	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	2.12	1.70	+0.42
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	0.59	—	—
Sharpe Ratio (All Time) Calculated using the full available price history	0.59	0.96	-0.37

Drawdowns

ATFV vs. GRNY - Drawdown Comparison

The maximum ATFV drawdown since its inception was -45.34%, which is greater than GRNY's maximum drawdown of -24.18%. Use the drawdown chart below to compare losses from any high point for ATFV and GRNY.

Drawdown Indicators

	ATFV	GRNY	Difference
Max Drawdown Largest peak-to-trough decline	-45.34%	-24.18%	-21.16%
Max Drawdown (1Y) Largest decline over 1 year	-18.29%	-11.63%	-6.66%
Max Drawdown (3Y) Largest decline over 3 years	-29.01%	—	—
Max Drawdown (5Y) Largest decline over 5 years	-45.34%	—	—
Current Drawdown Current decline from peak	-2.72%	-0.76%	-1.96%
Average Drawdown Average peak-to-trough decline	-17.81%	-4.03%	-13.78%
Ulcer Index Depth and duration of drawdowns from previous peaks	5.33%	3.80%	+1.53%

Volatility

ATFV vs. GRNY - Volatility Comparison

Alger 35 ETF (ATFV) has a higher volatility of 7.65% compared to Fundstrat Granny Shots U.S. Large Cap ETF (GRNY) at 4.23%. This indicates that ATFV's price experiences larger fluctuations and is considered to be riskier than GRNY based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	ATFV	GRNY	Difference
Volatility (1M) Calculated over the trailing 1-month period	7.65%	4.23%	+3.42%
Volatility (6M) Calculated over the trailing 6-month period	17.34%	12.70%	+4.64%
Volatility (1Y) Calculated over the trailing 1-year period	23.00%	17.59%	+5.41%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	26.62%	23.19%	+3.43%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	26.55%	23.19%	+3.36%

ATFV vs. GRNY - Expense Ratio Comparison

ATFV has a 0.55% expense ratio, which is lower than GRNY's 0.75% expense ratio.

Dividends

ATFV vs. GRNY - Dividend Comparison

ATFV's dividend yield for the trailing twelve months is around 0.17%, while GRNY has not paid dividends to shareholders.

Position	TTM	2025	2024	2023	2022
ATFV Alger 35 ETF	0.17%	0.20%	0.16%	0.01%	0.06%
GRNY Fundstrat Granny Shots U.S. Large Cap ETF	0.00%	0.00%	0.00%	0.00%	0.00%

Frequently Asked Questions

Can I hold both ATFV and GRNY in my portfolio?

ATFV and GRNY have a correlation of 0.80, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, ATFV or GRNY?

ATFV has higher volatility (7.65%) compared to GRNY (4.23%). In terms of maximum drawdown, ATFV dropped -45.34% vs GRNY's -24.18%.

Which ETF is better, ATFV or GRNY?

On 1-year performance, ATFV leads with 48.62% vs 29.75% for GRNY. On fees, ATFV is cheaper at 0.55% per year. On volatility, GRNY has been the lower-risk option at 4.23%. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF has performed better, ATFV or GRNY?

Over the 1-year period, ATFV has performed better with a 48.62% return vs 29.75%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, ATFV or GRNY?

ATFV is cheaper with a 0.55% expense ratio, compared with 0.75% for GRNY.

Which ETF pays a higher dividend yield, ATFV or GRNY?

ATFV has the higher dividend yield at 0.17%, compared with 0.00% for GRNY.

What is the main difference between ATFV and GRNY?

ATFV is categorized as Large Cap Growth Equities, while GRNY is Large Cap Blend Equities. They also come from different issuers: Alger Group Holdings LLC and Tidal ETFs. Their fees differ too: 0.55% for ATFV and 0.75% for GRNY.

Which has better risk-adjusted returns?

ATFV currently has the higher Sharpe Ratio (2.12 vs 1.70), meaning it's delivered slightly more return per unit of risk over the trailing 12 months. However, this ranking shifts over time - use the Risk/Return Score above for a more comprehensive view that combines Sharpe, Sortino, and other measures used by quantitative funds.