CTEF vs. GRNJ

Last updated Jun 4, 2026

CTEF (Castellan Targeted Equity ETF) and GRNJ (Fundstrat Granny Shots US Small- & Mid-Cap ETF) are both Mid Cap Blend Equities funds. Both are actively managed. A 0.77 correlation means they provide meaningful diversification when combined. CTEF charges 0.45%/yr vs 0.75%/yr for GRNJ.

Performance

CTEF vs. GRNJ - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Castellan Targeted Equity ETF (CTEF) 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, CTEF achieves a 29.35% return, which is significantly higher than GRNJ's 26.11% return.

CTEF

• 1D: -0.41%
• 1M: 10.65%
• YTD: 29.35%
• 6M: 31.78%
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —

GRNJ

• 1D: -1.17%
• 1M: 8.92%
• YTD: 26.11%
• 6M: 25.03%
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —

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

CTEF vs. GRNJ - Yearly Performance Comparison

	2026 (YTD)	2025
CTEF Castellan Targeted Equity ETF	29.35%	5.76%
GRNJ Fundstrat Granny Shots US Small- & Mid-Cap ETF	26.11%	5.14%

Correlation

The correlation between CTEF and GRNJ is 0.77, 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	0.77

Return for Risk

CTEF vs. GRNJ - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Castellan Targeted Equity ETF (CTEF) 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.

Risk / return metrics aren't available yet — we need at least 12 months of trading data to calculate them.

Sharpe Ratios by Period

	CTEF	GRNJ	Difference
Sharpe Ratio (All Time) Calculated using the full available price history	3.54	2.35	+1.19

Drawdowns

CTEF vs. GRNJ - Drawdown Comparison

The maximum CTEF drawdown since its inception was -15.00%, smaller than the maximum GRNJ drawdown of -17.32%. Use the drawdown chart below to compare losses from any high point for CTEF and GRNJ.

Drawdown Indicators

	CTEF	GRNJ	Difference
Max Drawdown Largest peak-to-trough decline	-15.00%	-17.32%	+2.32%
Current Drawdown Current decline from peak	-0.41%	-1.17%	+0.76%
Average Drawdown Average peak-to-trough decline	-1.80%	-4.13%	+2.33%

Volatility

Volatility by Period

	CTEF	GRNJ	Difference
Volatility (1Y) Calculated over the trailing 1-year period	21.81%	29.93%	-8.12%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	21.81%	29.93%	-8.12%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	21.81%	29.93%	-8.12%

CTEF vs. GRNJ - Expense Ratio Comparison

CTEF has a 0.45% expense ratio, which is lower than GRNJ's 0.75% expense ratio.

Dividends

CTEF vs. GRNJ - Dividend Comparison

CTEF's dividend yield for the trailing twelve months is around 0.06%, while GRNJ has not paid dividends to shareholders.

Position	TTM	2025
CTEF Castellan Targeted Equity ETF	0.06%	0.08%
GRNJ Fundstrat Granny Shots US Small- & Mid-Cap ETF	0.00%	0.00%

Frequently Asked Questions

Can I hold both CTEF and GRNJ in my portfolio?

CTEF and GRNJ have a correlation of 0.77, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which ETF is better, CTEF or GRNJ?

On fees, CTEF is cheaper at 0.45% per year. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF is cheaper, CTEF or GRNJ?

CTEF is cheaper with a 0.45% expense ratio, compared with 0.75% for GRNJ.

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

CTEF has the higher dividend yield at 0.06%, compared with 0.00% for GRNJ.

What is the main difference between CTEF and GRNJ?

They also come from different issuers: Castellan and Fundstrat. Their fees differ too: 0.45% for CTEF and 0.75% for GRNJ.