GRNI vs. FYEE

Last updated Jun 5, 2026

GRNI (Fundstrat Granny Shots US Large Cap & Income ETF) and FYEE (Fidelity Yield Enhanced Equity ETF) are both Derivative Income funds. Both are actively managed. A 0.78 correlation means they provide meaningful diversification when combined. GRNI charges 0.99%/yr vs 0.28%/yr for FYEE.

Performance

GRNI vs. FYEE - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Fundstrat Granny Shots US Large Cap & Income ETF (GRNI) and Fidelity Yield Enhanced Equity ETF (FYEE). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, GRNI achieves a 10.36% return, which is significantly higher than FYEE's 7.28% return.

GRNI

• 1D: 0.76%
• 1M: 3.75%
• YTD: 10.36%
• 6M: 9.33%
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —

FYEE

• 1D: 0.23%
• 1M: 2.96%
• YTD: 7.28%
• 6M: 8.57%
• 1Y: 24.81%
• 3Y*: —
• 5Y*: —
• 10Y*: —

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

GRNI vs. FYEE - Yearly Performance Comparison

	2026 (YTD)	2025
GRNI Fundstrat Granny Shots US Large Cap & Income ETF	10.36%	2.85%
FYEE Fidelity Yield Enhanced Equity ETF	7.28%	4.86%

Correlation

The correlation between GRNI and FYEE is 0.78, 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	0.78

Return for Risk

GRNI vs. FYEE — Risk / Return Rank

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

FYEE

FYEE Risk / Return Rank: 80
FYEE Sharpe Ratio Rank: 81
FYEE Sortino Ratio Rank: 79
FYEE Omega Ratio Rank: 86
FYEE Calmar Ratio Rank: 69
FYEE Martin Ratio Rank: 85

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.

GRNI vs. FYEE - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Fundstrat Granny Shots US Large Cap & Income ETF (GRNI) and Fidelity Yield Enhanced Equity ETF (FYEE). 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

	GRNI	FYEE	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	—	2.59	—
Sharpe Ratio (All Time) Calculated using the full available price history	1.55	1.25	+0.30

Drawdowns

GRNI vs. FYEE - Drawdown Comparison

The maximum GRNI drawdown since its inception was -9.55%, smaller than the maximum FYEE drawdown of -18.79%. Use the drawdown chart below to compare losses from any high point for GRNI and FYEE.

Drawdown Indicators

	GRNI	FYEE	Difference
Max Drawdown Largest peak-to-trough decline	-9.55%	-18.79%	+9.24%
Max Drawdown (1Y) Largest decline over 1 year	—	-7.39%	—
Current Drawdown Current decline from peak	0.00%	-0.07%	+0.07%
Average Drawdown Average peak-to-trough decline	-2.10%	-2.25%	+0.15%
Ulcer Index Depth and duration of drawdowns from previous peaks	—	1.44%	—

Volatility

Volatility by Period

	GRNI	FYEE	Difference
Volatility (1M) Calculated over the trailing 1-month period	—	1.39%	—
Volatility (6M) Calculated over the trailing 6-month period	—	7.25%	—
Volatility (1Y) Calculated over the trailing 1-year period	17.30%	9.63%	+7.67%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	17.30%	13.83%	+3.47%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	17.30%	13.83%	+3.47%

GRNI vs. FYEE - Expense Ratio Comparison

GRNI has a 0.99% expense ratio, which is higher than FYEE's 0.28% expense ratio.

Dividends

GRNI vs. FYEE - Dividend Comparison

GRNI's dividend yield for the trailing twelve months is around 4.76%, less than FYEE's 7.55% yield.

Position	TTM	2025	2024
FYEE Fidelity Yield Enhanced Equity ETF	7.55%	7.08%	5.45%
GRNI Fundstrat Granny Shots US Large Cap & Income ETF	4.76%	0.83%	0.00%

Frequently Asked Questions

Can I hold both GRNI and FYEE in my portfolio?

GRNI and FYEE have a correlation of 0.78, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which ETF is better, GRNI or FYEE?

On fees, FYEE is cheaper at 0.28% per year. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF is cheaper, GRNI or FYEE?

FYEE is cheaper with a 0.28% expense ratio, compared with 0.99% for GRNI.

Which ETF pays a higher dividend yield, GRNI or FYEE?

FYEE has the higher dividend yield at 7.55%, compared with 4.76% for GRNI.

What is the main difference between GRNI and FYEE?

They also come from different issuers: Tidal and Fidelity. Their fees differ too: 0.99% for GRNI and 0.28% for FYEE.