EHLS vs. GRNI
EHLS (Even Herd Long Short ETF) and GRNI (Fundstrat Granny Shots US Large Cap & Income ETF) are both exchange-traded funds - EHLS is a Long-Short fund actively managed by Tidal, while GRNI is a Derivative Income fund actively managed by Tidal. Both are actively managed. Their 0.68 correlation means they have sometimes moved together and sometimes differently. EHLS charges 1.58%/yr vs 0.99%/yr for GRNI.
Performance
EHLS vs. GRNI - Performance Comparison
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Returns By Period
In the year-to-date period, EHLS achieves a 10.15% return, which is significantly higher than GRNI's 7.63% return.
EHLS
- 1D
- 0.55%
- 1M
- -2.28%
- 6M
- 2.88%
- YTD
- 10.15%
- 1Y
- 16.88%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
- ALL TIME*
- 12.66%
GRNI
- 1D
- 0.78%
- 1M
- -1.58%
- 6M
- 6.26%
- YTD
- 7.63%
- 1Y
- —
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
- ALL TIME*
- —
Liquidity Comparison
| Position | Avg. Volume Value (2W) | Avg. Volume Value (1M) | Avg. Volume Value (3M) |
|---|---|---|---|
| $13.47K | $14.20K | $68.98K | |
| $815.80K | $598.17K | $720.77K |
EHLS vs. GRNI - Yearly Performance Comparison
| 2026 (YTD) | 2025 | |
|---|---|---|
EHLS Even Herd Long Short ETF | 10.15% | 2.85% |
GRNI Fundstrat Granny Shots US Large Cap & Income ETF | 7.63% | 2.24% |
Correlation
The correlation between EHLS and GRNI is 0.68, which is moderate. They have sometimes moved together and sometimes differently, sharing some price drivers without tracking each other closely.
| Correlation | |
|---|---|
Correlation (All Time) Calculated using the full available price history since Nov 18, 2025 | 0.68 |
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Return for Risk
EHLS vs. GRNI — Risk / Return Rank
EHLS
GRNI
Risk / return metrics aren't available yet — we need at least 12 months of trading data to calculate them.
EHLS vs. GRNI - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Even Herd Long Short ETF (EHLS) and Fundstrat Granny Shots US Large Cap & Income ETF (GRNI). 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.
Values are calculated on a 1-year rolling basis and updated daily. Risk-adjusted metrics are more stable over longer periods — use the period switch above to explore them.
| EHLS | GRNI | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | — | — | |
| Sortino ratioReturn per unit of downside risk | — | — | |
| Omega ratioGain probability vs. loss probability | 1.15 | — | — |
| Calmar ratioReturn relative to maximum drawdown | 1.72 | — | — |
| Martin ratioReturn relative to average drawdown | 4.40 | — | — |
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Drawdowns
EHLS vs. GRNI - Drawdown Comparison
The maximum EHLS drawdown since its inception was -18.96%, which is greater than GRNI's maximum drawdown of -9.55%. Use the drawdown chart below to compare losses from any high point for EHLS and GRNI.
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Drawdown Indicators
| EHLS | GRNI | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -18.96% | -9.55% | -9.41% |
Max Drawdown (1Y)Largest decline over 1 year | -9.06% | — | — |
Current DrawdownCurrent decline from peak | -6.17% | -2.47% | -3.70% |
Average DrawdownAverage peak-to-trough decline | -4.42% | -2.03% | -2.39% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 3.54% | — | — |
Volatility
EHLS vs. GRNI - Volatility Comparison
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Volatility by Period
| EHLS | GRNI | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 5.04% | — | — |
Volatility (6M)Calculated over the trailing 6-month period | 14.84% | — | — |
Volatility (1Y)Calculated over the trailing 1-year period | 19.19% | 16.90% | +2.29% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 19.56% | 16.90% | +2.66% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 19.56% | 16.90% | +2.66% |
EHLS vs. GRNI - Expense Ratio Comparison
EHLS has a 1.58% expense ratio, which is higher than GRNI's 0.99% expense ratio.
Dividends
EHLS vs. GRNI - Dividend Comparison
EHLS has not paid dividends to shareholders, while GRNI's dividend yield for the trailing twelve months is around 6.63%.
| Position | TTM | 2025 | 2024 |
|---|---|---|---|
EHLS Even Herd Long Short ETF | 0.00% | 0.00% | 1.03% |
GRNI Fundstrat Granny Shots US Large Cap & Income ETF | 6.63% | 0.83% | 0.00% |
Frequently Asked Questions
EHLS and GRNI have a correlation of 0.68, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, GRNI is cheaper at 0.99% per year. The better choice depends on whether you care most about return, fees, risk, or income.
GRNI is cheaper with a 0.99% expense ratio, compared with 1.58% for EHLS.
GRNI has the higher dividend yield at 6.63%, compared with 0.00% for EHLS.
EHLS is categorized as Long-Short, while GRNI is Derivative Income. Their fees differ too: 1.58% for EHLS and 0.99% for GRNI.
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