GRNI vs. USOY
GRNI (Fundstrat Granny Shots US Large Cap & Income ETF) and USOY (Defiance Oil Enhanced Options Income ETF) are both Derivative Income funds. Both are actively managed. At a correlation of -0.28, they often move in opposite directions. GRNI charges 0.99%/yr vs 1.22%/yr for USOY.
Performance
GRNI vs. USOY - Performance Comparison
Loading charts...
Returns By Period
In the year-to-date period, GRNI achieves a 6.75% return, which is significantly lower than USOY's 29.22% return.
GRNI
- 1D
- -0.67%
- 1M
- -0.64%
- YTD
- 6.75%
- 6M
- 4.84%
- 1Y
- —
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
USOY
- 1D
- -4.06%
- 1M
- -20.39%
- YTD
- 29.22%
- 6M
- 28.28%
- 1Y
- 26.82%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
GRNI vs. USOY - Yearly Performance Comparison
| 2026 (YTD) | 2025 | |
|---|---|---|
GRNI Fundstrat Granny Shots US Large Cap & Income ETF | 6.75% | 2.24% |
USOY Defiance Oil Enhanced Options Income ETF | 29.22% | -0.79% |
Correlation
The correlation between GRNI and USOY is -0.28, 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 | -0.28 |
Compare stocks, funds, or ETFs
Search for stocks, ETFs, and funds for a quick comparison or use the comparison tool for more options.
Return for Risk
GRNI vs. USOY — Risk / Return Rank
GRNI
Risk / return metrics aren't available yet — we need at least 12 months of trading data to calculate them.
USOY
GRNI vs. USOY - 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 Defiance Oil Enhanced Options Income ETF (USOY). 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 | USOY | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | — | — | |
| Sortino ratioReturn per unit of downside risk | — | — | |
| Omega ratioGain probability vs. loss probability | — | 1.18 | — |
| Calmar ratioReturn relative to maximum drawdown | — | 1.10 | — |
| Martin ratioReturn relative to average drawdown | — | 4.07 | — |
Loading charts...
Drawdowns
GRNI vs. USOY - Drawdown Comparison
The maximum GRNI drawdown since its inception was -9.55%, smaller than the maximum USOY drawdown of -24.40%. Use the drawdown chart below to compare losses from any high point for GRNI and USOY.
Loading charts...
Drawdown Indicators
| GRNI | USOY | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -9.55% | -24.40% | +14.85% |
Max Drawdown (1Y)Largest decline over 1 year | — | -24.40% | — |
Current DrawdownCurrent decline from peak | -3.27% | -24.40% | +21.13% |
Average DrawdownAverage peak-to-trough decline | -2.12% | -6.67% | +4.55% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | — | 6.60% | — |
Volatility
GRNI vs. USOY - Volatility Comparison
Loading charts...
Volatility by Period
| GRNI | USOY | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | — | 10.82% | — |
Volatility (6M)Calculated over the trailing 6-month period | — | 28.77% | — |
Volatility (1Y)Calculated over the trailing 1-year period | 17.52% | 31.42% | -13.90% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 17.52% | 26.64% | -9.12% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 17.52% | 26.64% | -9.12% |
GRNI vs. USOY - Expense Ratio Comparison
GRNI has a 0.99% expense ratio, which is lower than USOY's 1.22% expense ratio.
Dividends
GRNI vs. USOY - Dividend Comparison
GRNI's dividend yield for the trailing twelve months is around 4.92%, less than USOY's 71.18% yield.
| Position | TTM | 2025 | 2024 |
|---|---|---|---|
GRNI Fundstrat Granny Shots US Large Cap & Income ETF | 4.92% | 0.83% | 0.00% |
USOY Defiance Oil Enhanced Options Income ETF | 71.18% | 104.32% | 48.60% |
Frequently Asked Questions
GRNI and USOY have a correlation of -0.28, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, GRNI is cheaper at 0.99% per year. The better choice depends on whether you care most about return, fees, risk, or income.
GRNI is cheaper with a 0.99% expense ratio, compared with 1.22% for USOY.
USOY has the higher dividend yield at 71.18%, compared with 4.92% for GRNI.
They also come from different issuers: Tidal and Defiance. Their fees differ too: 0.99% for GRNI and 1.22% for USOY.
Find the right allocation for GRNI and USOY
Add both to a portfolio and optimize allocations for your target — whether that's maximizing returns, minimizing drawdowns, or balancing risk across holdings.
Open Portfolio Optimizer