GRNI vs. GRNY

Last updated Jun 25, 2026

GRNI (Fundstrat Granny Shots US Large Cap & Income ETF) and GRNY (Fundstrat Granny Shots U.S. Large Cap ETF) are both exchange-traded funds - GRNI is a Derivative Income fund actively managed by Tidal, while GRNY is a Large Cap Blend Equities fund actively managed by Tidal ETFs. Both are actively managed. Their correlation of 0.93 suggests significant overlap in exposure. GRNI charges 0.99%/yr vs 0.75%/yr for GRNY.

Performance

GRNI vs. GRNY - 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 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, GRNI achieves a 6.75% return, which is significantly lower than GRNY's 8.60% return.

GRNI

• 1D: -0.67%
• 1M: -0.64%
• YTD: 6.75%
• 6M: 4.84%
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —

GRNY

• 1D: -0.52%
• 1M: -0.66%
• YTD: 8.60%
• 6M: 6.16%
• 1Y: 21.45%
• 3Y*: —
• 5Y*: —
• 10Y*: —

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

GRNI vs. GRNY - Yearly Performance Comparison

	2026 (YTD)	2025
GRNI Fundstrat Granny Shots US Large Cap & Income ETF	6.75%	2.24%
GRNY Fundstrat Granny Shots U.S. Large Cap ETF	8.60%	1.98%

Correlation

The correlation between GRNI and GRNY is 0.93, indicating a strong positive relationship between their price movements. Combining them offers limited diversification - they tend to fall together during downturns.

	Correlation
Correlation (All Time) Calculated using the full available price history since Nov 18, 2025	0.93

Return for Risk

GRNI vs. GRNY — Risk / Return Rank

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

GRNI

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

GRNY

GRNY Risk / Return Rank: 36
GRNY Sharpe Ratio Rank: 36
GRNY Sortino Ratio Rank: 34
GRNY Omega Ratio Rank: 33
GRNY Calmar Ratio Rank: 40
GRNY Martin Ratio Rank: 39

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. GRNY - 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 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.

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.

	GRNI	GRNY	Difference
Sharpe ratio: Return per unit of total volatility	—	1.20	—
Sortino ratio: Return per unit of downside risk	—	1.67	—
Omega ratio: Gain probability vs. loss probability	—	1.21	—
Calmar ratio: Return relative to maximum drawdown	—	1.85	—
Martin ratio: Return relative to average drawdown	—	5.60	—

Drawdowns

GRNI vs. GRNY - Drawdown Comparison

The maximum GRNI drawdown since its inception was -9.55%, smaller than the maximum GRNY drawdown of -24.18%. Use the drawdown chart below to compare losses from any high point for GRNI and GRNY.

Drawdown Indicators

	GRNI	GRNY	Difference
Max Drawdown Largest peak-to-trough decline	-9.55%	-24.18%	+14.63%
Max Drawdown (1Y) Largest decline over 1 year	—	-11.63%	—
Current Drawdown Current decline from peak	-3.27%	-3.13%	-0.14%
Average Drawdown Average peak-to-trough decline	-2.12%	-3.95%	+1.83%
Ulcer Index Depth and duration of drawdowns from previous peaks	—	3.84%	—

Volatility

Volatility by Period

	GRNI	GRNY	Difference
Volatility (1M) Calculated over the trailing 1-month period	—	5.42%	—
Volatility (6M) Calculated over the trailing 6-month period	—	12.94%	—
Volatility (1Y) Calculated over the trailing 1-year period	17.52%	18.06%	-0.54%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	17.52%	23.11%	-5.59%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	17.52%	23.11%	-5.59%

GRNI vs. GRNY - Expense Ratio Comparison

GRNI has a 0.99% expense ratio, which is higher than GRNY's 0.75% expense ratio.

Dividends

GRNI vs. GRNY - Dividend Comparison

GRNI's dividend yield for the trailing twelve months is around 4.92%, while GRNY has not paid dividends to shareholders.

Position	TTM	2025
GRNI Fundstrat Granny Shots US Large Cap & Income ETF	4.92%	0.83%
GRNY Fundstrat Granny Shots U.S. Large Cap ETF	0.00%	0.00%

Frequently Asked Questions

Can I hold both GRNI and GRNY in my portfolio?

With a correlation of 0.93, GRNI and GRNY move almost identically. Holding both adds very little diversification - you're essentially doubling your position in the same market segment. Choosing one is usually more capital-efficient.

Which ETF is better, GRNI or GRNY?

On fees, GRNY is cheaper at 0.75% per year. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF is cheaper, GRNI or GRNY?

GRNY is cheaper with a 0.75% expense ratio, compared with 0.99% for GRNI.

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

GRNI has the higher dividend yield at 4.92%, compared with 0.00% for GRNY.

What is the main difference between GRNI and GRNY?

GRNI is categorized as Derivative Income, while GRNY is Large Cap Blend Equities. They also come from different issuers: Tidal and Tidal ETFs. Their fees differ too: 0.99% for GRNI and 0.75% for GRNY.