GRNI vs. GRNY

Last updated Aug 5, 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. Both are actively managed. Their correlation of 0.94 means they have usually moved in the same direction. 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 10.53% return, which is significantly lower than GRNY's 12.77% return.

GRNI

• 1D: 1.68%
• 1M: 1.07%
• 6M: 10.10%
• YTD: 10.53%
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —
• ALL TIME*: —

GRNY

• 1D: 1.86%
• 1M: 1.20%
• 6M: 11.73%
• YTD: 12.77%
• 1Y: 19.02%
• 3Y*: —
• 5Y*: —
• 10Y*: —
• ALL TIME*: 20.98%

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

Liquidity Comparison

Position	Avg. Volume Value (2W)	Avg. Volume Value (1M)	Avg. Volume Value (3M)
GRNI Fundstrat Granny Shots US Large Cap & Income ETF	$745.14K	$669.94K	$736.31K
GRNY Fundstrat Granny Shots U.S. Large Cap ETF	$31.79M	$33.56M	$44.04M

GRNI vs. GRNY - Yearly Performance Comparison

	2026 (YTD)	2025
GRNI Fundstrat Granny Shots US Large Cap & Income ETF	10.53%	2.24%
GRNY Fundstrat Granny Shots U.S. Large Cap ETF	12.77%	1.98%

Correlation

The correlation between GRNI and GRNY is 0.94, meaning they have usually moved in the same direction, including during past declines.

	Correlation
Correlation (All Time) Calculated using the full available price history since Nov 18, 2025	0.94

Return for Risk

GRNI vs. GRNY — Risk / Return Rank

Compare historical risk-adjusted metric ranks 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: 38
GRNY Sharpe Ratio Rank: 38
GRNY Sortino Ratio Rank: 36
GRNY Omega Ratio Rank: 35
GRNY Calmar Ratio Rank: 42
GRNY Martin Ratio Rank: 41

The rank (0–100) uses a weighted average of the Sharpe, Sortino, Omega, Calmar, and Martin percentile ranks for the trailing 12 months. Higher means stronger historical risk-adjusted performance within the peer group.

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	—	1.05	—
Sortino ratio: Return per unit of downside risk	—	1.50	—
Omega ratio: Gain probability vs. loss probability	—	1.18	—
Calmar ratio: Return relative to maximum drawdown	—	1.64	—
Martin ratio: Return relative to average drawdown	—	4.87	—

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	0.00%	-0.21%	+0.21%
Average Drawdown Average peak-to-trough decline	-2.02%	-3.82%	+1.80%
Ulcer Index Depth and duration of drawdowns from previous peaks	—	3.91%	—

Volatility

Volatility by Period

	GRNI	GRNY	Difference
Volatility (1M) Calculated over the trailing 1-month period	—	4.81%	—
Volatility (6M) Calculated over the trailing 6-month period	—	13.22%	—
Volatility (1Y) Calculated over the trailing 1-year period	16.95%	18.21%	-1.26%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	16.95%	22.72%	-5.77%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	16.95%	22.72%	-5.77%

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 6.46%, more than GRNY's 0.07% yield.

Position	TTM	2025
GRNI Fundstrat Granny Shots US Large Cap & Income ETF	6.46%	0.83%
GRNY Fundstrat Granny Shots U.S. Large Cap ETF	0.07%	0.00%

Frequently Asked Questions

Can I hold both GRNI and GRNY in my portfolio?

With a correlation of 0.94, 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 6.46%, compared with 0.07% for GRNY.

What is the main difference between GRNI and GRNY?

GRNI is categorized as Derivative Income, while GRNY is Large Cap Blend Equities. Their fees differ too: 0.99% for GRNI and 0.75% for GRNY.