GRNI vs. MLPX
GRNI (Fundstrat Granny Shots US Large Cap & Income ETF) and MLPX (Global X MLP & Energy Infrastructure ETF) are both exchange-traded funds - GRNI is a Derivative Income fund actively managed by Tidal, while MLPX is a MLPs fund tracking the Solactive MLP & Energy Infrastructure Index. GRNI is actively managed, while MLPX is passively managed. At a correlation of -0.12, they often move in opposite directions. GRNI charges 0.99%/yr vs 0.45%/yr for MLPX.
Performance
GRNI vs. MLPX - Performance Comparison
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Returns By Period
In the year-to-date period, GRNI achieves a 6.75% return, which is significantly lower than MLPX's 23.61% return.
GRNI
- 1D
- -0.67%
- 1M
- -0.64%
- YTD
- 6.75%
- 6M
- 4.84%
- 1Y
- —
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
MLPX
- 1D
- -1.39%
- 1M
- -5.31%
- YTD
- 23.61%
- 6M
- 23.85%
- 1Y
- 23.77%
- 3Y*
- 28.96%
- 5Y*
- 20.92%
- 10Y*
- 12.30%
GRNI vs. MLPX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | |
|---|---|---|
GRNI Fundstrat Granny Shots US Large Cap & Income ETF | 6.75% | 2.24% |
MLPX Global X MLP & Energy Infrastructure ETF | 23.61% | 1.41% |
Correlation
The correlation between GRNI and MLPX is -0.12, meaning they tend to move in opposite directions. This is especially valuable for risk management - when one declines, the other has historically tended to hold steady or rise.
| Correlation | |
|---|---|
Correlation (All Time) Calculated using the full available price history since Nov 18, 2025 | -0.12 |
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Return for Risk
GRNI vs. MLPX — Risk / Return Rank
GRNI
Risk / return metrics aren't available yet — we need at least 12 months of trading data to calculate them.
MLPX
GRNI vs. MLPX - 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 Global X MLP & Energy Infrastructure ETF (MLPX). 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 | MLPX | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | — | — | |
| Sortino ratioReturn per unit of downside risk | — | — | |
| Omega ratioGain probability vs. loss probability | — | 1.27 | — |
| Calmar ratioReturn relative to maximum drawdown | — | 2.92 | — |
| Martin ratioReturn relative to average drawdown | — | 6.98 | — |
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Drawdowns
GRNI vs. MLPX - Drawdown Comparison
The maximum GRNI drawdown since its inception was -9.55%, smaller than the maximum MLPX drawdown of -70.67%. Use the drawdown chart below to compare losses from any high point for GRNI and MLPX.
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Drawdown Indicators
| GRNI | MLPX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -9.55% | -70.67% | +61.12% |
Max Drawdown (1Y)Largest decline over 1 year | — | -8.18% | — |
Max Drawdown (3Y)Largest decline over 3 years | — | -16.77% | — |
Max Drawdown (5Y)Largest decline over 5 years | — | -19.72% | — |
Max Drawdown (10Y)Largest decline over 10 years | — | -64.70% | — |
Current DrawdownCurrent decline from peak | -3.27% | -5.67% | +2.40% |
Average DrawdownAverage peak-to-trough decline | -2.12% | -16.58% | +14.46% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | — | 3.42% | — |
Volatility
GRNI vs. MLPX - Volatility Comparison
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Volatility by Period
| GRNI | MLPX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | — | 5.79% | — |
Volatility (6M)Calculated over the trailing 6-month period | — | 11.89% | — |
Volatility (1Y)Calculated over the trailing 1-year period | 17.52% | 15.42% | +2.10% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 17.52% | 20.00% | -2.48% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 17.52% | 26.47% | -8.95% |
GRNI vs. MLPX - Expense Ratio Comparison
GRNI has a 0.99% expense ratio, which is higher than MLPX's 0.45% expense ratio.
Dividends
GRNI vs. MLPX - Dividend Comparison
GRNI's dividend yield for the trailing twelve months is around 4.92%, more than MLPX's 4.15% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
GRNI Fundstrat Granny Shots US Large Cap & Income ETF | 4.92% | 0.83% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
MLPX Global X MLP & Energy Infrastructure ETF | 4.15% | 4.88% | 4.30% | 5.22% | 5.23% | 5.98% | 8.32% | 5.78% | 5.77% | 4.36% | 5.50% | 4.81% |
Frequently Asked Questions
GRNI and MLPX have a correlation of -0.12, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, MLPX is cheaper at 0.45% per year. The better choice depends on whether you care most about return, fees, risk, or income.
MLPX is cheaper with a 0.45% expense ratio, compared with 0.99% for GRNI.
GRNI has the higher dividend yield at 4.92%, compared with 4.15% for MLPX.
GRNI is categorized as Derivative Income, while MLPX is MLPs. They also come from different issuers: Tidal and Global X. Their fees differ too: 0.99% for GRNI and 0.45% for MLPX.
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