GRNI vs. PEPS
GRNI (Fundstrat Granny Shots US Large Cap & Income ETF) and PEPS (Parametric Equity Plus ETF) are both Derivative Income funds. Both are actively managed. Their correlation of 0.84 suggests significant overlap in exposure. GRNI charges 0.99%/yr vs 0.10%/yr for PEPS.
Performance
GRNI vs. PEPS - Performance Comparison
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Returns By Period
In the year-to-date period, GRNI achieves a 9.53% return, which is significantly lower than PEPS's 10.67% return.
GRNI
- 1D
- -0.70%
- 1M
- 3.46%
- YTD
- 9.53%
- 6M
- 8.72%
- 1Y
- —
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
PEPS
- 1D
- -0.51%
- 1M
- 6.44%
- YTD
- 10.67%
- 6M
- 10.79%
- 1Y
- 31.83%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
GRNI vs. PEPS - Yearly Performance Comparison
| 2026 (YTD) | 2025 | |
|---|---|---|
GRNI Fundstrat Granny Shots US Large Cap & Income ETF | 9.53% | 2.85% |
PEPS Parametric Equity Plus ETF | 10.67% | 3.87% |
Correlation
The correlation between GRNI and PEPS is 0.84, 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 19, 2025 | 0.84 |
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Return for Risk
GRNI vs. PEPS — Risk / Return Rank
GRNI
PEPS
GRNI vs. PEPS - 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 Parametric Equity Plus ETF (PEPS). 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.
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Sharpe Ratios by Period
| GRNI | PEPS | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | — | 2.45 | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 1.45 | 1.05 | +0.40 |
Drawdowns
GRNI vs. PEPS - Drawdown Comparison
The maximum GRNI drawdown since its inception was -9.55%, smaller than the maximum PEPS drawdown of -21.26%. Use the drawdown chart below to compare losses from any high point for GRNI and PEPS.
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Drawdown Indicators
| GRNI | PEPS | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -9.55% | -21.26% | +11.71% |
Max Drawdown (1Y)Largest decline over 1 year | — | -9.80% | — |
Current DrawdownCurrent decline from peak | -0.70% | -0.51% | -0.19% |
Average DrawdownAverage peak-to-trough decline | -2.12% | -2.77% | +0.65% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | — | 2.09% | — |
Volatility
GRNI vs. PEPS - Volatility Comparison
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Volatility by Period
| GRNI | PEPS | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | — | 2.77% | — |
Volatility (6M)Calculated over the trailing 6-month period | — | 9.83% | — |
Volatility (1Y)Calculated over the trailing 1-year period | 17.34% | 13.06% | +4.28% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 17.34% | 18.31% | -0.97% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 17.34% | 18.31% | -0.97% |
GRNI vs. PEPS - Expense Ratio Comparison
GRNI has a 0.99% expense ratio, which is higher than PEPS's 0.10% expense ratio.
Dividends
GRNI vs. PEPS - Dividend Comparison
GRNI's dividend yield for the trailing twelve months is around 4.79%, more than PEPS's 0.88% yield.
| Position | TTM | 2025 | 2024 |
|---|---|---|---|
GRNI Fundstrat Granny Shots US Large Cap & Income ETF | 4.79% | 0.83% | 0.00% |
PEPS Parametric Equity Plus ETF | 0.88% | 1.00% | 0.17% |
Frequently Asked Questions
GRNI and PEPS have a correlation of 0.84, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, PEPS is cheaper at 0.10% per year. The better choice depends on whether you care most about return, fees, risk, or income.
PEPS is cheaper with a 0.10% expense ratio, compared with 0.99% for GRNI.
GRNI has the higher dividend yield at 4.79%, compared with 0.88% for PEPS.
They also come from different issuers: Tidal and Parametric. Their fees differ too: 0.99% for GRNI and 0.10% for PEPS.
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