CPAI vs. GRNJ

Last updated Jun 3, 2026

CPAI (Counterpoint Quantitative Equity ETF) and GRNJ (Fundstrat Granny Shots US Small- & Mid-Cap ETF) are both Mid Cap Blend Equities funds. Both are actively managed. A 0.75 correlation means they provide meaningful diversification when combined. Both charge a 0.75% expense ratio.

Performance

CPAI vs. GRNJ - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Counterpoint Quantitative Equity ETF (CPAI) and Fundstrat Granny Shots US Small- & Mid-Cap ETF (GRNJ). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, CPAI achieves a 29.80% return, which is significantly higher than GRNJ's 27.59% return.

CPAI

• 1D: 0.66%
• 1M: 9.81%
• YTD: 29.80%
• 6M: 31.62%
• 1Y: 49.88%
• 3Y*: —
• 5Y*: —
• 10Y*: —

GRNJ

• 1D: 1.40%
• 1M: 10.32%
• YTD: 27.59%
• 6M: 27.54%
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —

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

CPAI vs. GRNJ - Yearly Performance Comparison

	2026 (YTD)	2025
CPAI Counterpoint Quantitative Equity ETF	29.80%	4.42%
GRNJ Fundstrat Granny Shots US Small- & Mid-Cap ETF	27.59%	5.14%

Correlation

The correlation between CPAI and GRNJ is 0.75, which is moderate. They share some common price drivers but move independently often enough to provide real diversification benefit when combined.

	Correlation
Correlation (All Time) Calculated using the full available price history since Nov 19, 2025	0.75

Return for Risk

CPAI vs. GRNJ — Risk / Return Rank

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

CPAI

CPAI Risk / Return Rank: 82
CPAI Sharpe Ratio Rank: 84
CPAI Sortino Ratio Rank: 80
CPAI Omega Ratio Rank: 77
CPAI Calmar Ratio Rank: 86
CPAI Martin Ratio Rank: 84

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.

CPAI vs. GRNJ - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Counterpoint Quantitative Equity ETF (CPAI) and Fundstrat Granny Shots US Small- & Mid-Cap ETF (GRNJ). 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.

	CPAI	GRNJ	Difference
Sharpe ratio Return per unit of total volatility	2.78	—	—
Sortino ratio Return per unit of downside risk	3.62	—	—
Omega ratio Gain probability vs. loss probability	1.47	—	—
Calmar ratio Return relative to maximum drawdown	4.83	—	—
Martin ratio Return relative to average drawdown	17.69	—	—
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

Sharpe Ratios by Period

	CPAI	GRNJ	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	2.78	—	—
Sharpe Ratio (All Time) Calculated using the full available price history	1.84	2.49	-0.66

Drawdowns

CPAI vs. GRNJ - Drawdown Comparison

The maximum CPAI drawdown since its inception was -21.46%, which is greater than GRNJ's maximum drawdown of -17.32%. Use the drawdown chart below to compare losses from any high point for CPAI and GRNJ.

Drawdown Indicators

	CPAI	GRNJ	Difference
Max Drawdown Largest peak-to-trough decline	-21.46%	-17.32%	-4.14%
Max Drawdown (1Y) Largest decline over 1 year	-10.48%	—	—
Current Drawdown Current decline from peak	0.00%	0.00%	0.00%
Average Drawdown Average peak-to-trough decline	-2.98%	-4.15%	+1.17%
Ulcer Index Depth and duration of drawdowns from previous peaks	2.87%	—	—

Volatility

Volatility by Period

	CPAI	GRNJ	Difference
Volatility (1M) Calculated over the trailing 1-month period	4.89%	—	—
Volatility (6M) Calculated over the trailing 6-month period	14.37%	—	—
Volatility (1Y) Calculated over the trailing 1-year period	18.03%	29.98%	-11.95%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	19.16%	29.98%	-10.82%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	19.16%	29.98%	-10.82%

CPAI vs. GRNJ - Expense Ratio Comparison

Both CPAI and GRNJ have an expense ratio of 0.75%.

Dividends

CPAI vs. GRNJ - Dividend Comparison

CPAI's dividend yield for the trailing twelve months is around 0.69%, while GRNJ has not paid dividends to shareholders.

Position	TTM	2025	2024	2023
CPAI Counterpoint Quantitative Equity ETF	0.69%	0.89%	0.41%	0.06%
GRNJ Fundstrat Granny Shots US Small- & Mid-Cap ETF	0.00%	0.00%	0.00%	0.00%

Frequently Asked Questions

Can I hold both CPAI and GRNJ in my portfolio?

CPAI and GRNJ have a correlation of 0.75, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which ETF is better, CPAI or GRNJ?

Both ETFs have the same 0.75% expense ratio. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF is cheaper, CPAI or GRNJ?

CPAI and GRNJ have the same expense ratio: 0.75% per year.

Which ETF pays a higher dividend yield, CPAI or GRNJ?

CPAI has the higher dividend yield at 0.69%, compared with 0.00% for GRNJ.

What is the main difference between CPAI and GRNJ?

They also come from different issuers: Counterpoint Funds and Fundstrat.