GRNJ vs. ^GSPC

Last updated Apr 2, 2026

Compare and contrast key facts about Fundstrat Granny Shots US Small- & Mid-Cap ETF (GRNJ) and S&P 500 Index (^GSPC).

GRNJ is an actively managed fund by Fundstrat. It was launched on Nov 17, 2025.

Performance

GRNJ vs. ^GSPC - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Fundstrat Granny Shots US Small- & Mid-Cap ETF (GRNJ) and S&P 500 Index (^GSPC). The values are adjusted to include any dividend payments, if applicable.

GRNJ vs. ^GSPC - Yearly Performance Comparison

	2026 (YTD)	2025
GRNJ Fundstrat Granny Shots US Small- & Mid-Cap ETF	-1.21%	5.14%
^GSPC S&P 500 Index	-3.95%	3.45%

Returns By Period

In the year-to-date period, GRNJ achieves a -1.21% return, which is significantly higher than ^GSPC's -3.95% return.

GRNJ

• 1D: 0.92%
• 1M: -7.85%
• YTD: -1.21%
• 6M: —
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —

^GSPC

• 1D: 0.72%
• 1M: -4.45%
• YTD: -3.95%
• 6M: -2.02%
• 1Y: 16.73%
• 3Y*: 16.96%
• 5Y*: 10.34%
• 10Y*: 12.24%

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

Return for Risk

GRNJ vs. ^GSPC — Risk / Return Rank

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

^GSPC

^GSPC Risk / Return Rank: 67
^GSPC Sharpe Ratio Rank: 63
^GSPC Sortino Ratio Rank: 64
^GSPC Omega Ratio Rank: 69
^GSPC Calmar Ratio Rank: 60
^GSPC Martin Ratio Rank: 77

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.

GRNJ vs. ^GSPC - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Fundstrat Granny Shots US Small- & Mid-Cap ETF (GRNJ) and S&P 500 Index (^GSPC). 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.

Sharpe Ratios by Period

	GRNJ	^GSPC	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	—	0.92	—
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	—	0.61	—
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	—	0.68	—
Sharpe Ratio (All Time) Calculated using the full available price history	0.35	0.46	-0.10

Correlation

The correlation between GRNJ and ^GSPC is 0.81, which is considered to be high. That indicates a strong positive relationship between their price movements. Having highly-correlated positions in a portfolio may signal a lack of diversification, potentially leading to increased risk during market downturns.

Drawdowns

GRNJ vs. ^GSPC - Drawdown Comparison

The maximum GRNJ drawdown since its inception was -17.32%, smaller than the maximum ^GSPC drawdown of -56.78%. Use the drawdown chart below to compare losses from any high point for GRNJ and ^GSPC.

Drawdown Indicators

	GRNJ	^GSPC	Difference
Max Drawdown Largest peak-to-trough decline	-17.32%	-56.78%	+39.46%
Max Drawdown (1Y) Largest decline over 1 year	—	-12.14%	—
Max Drawdown (5Y) Largest decline over 5 years	—	-25.43%	—
Max Drawdown (10Y) Largest decline over 10 years	—	-33.92%	—
Current Drawdown Current decline from peak	-12.39%	-5.78%	-6.61%
Average Drawdown Average peak-to-trough decline	-4.89%	-10.75%	+5.86%
Ulcer Index Depth and duration of drawdowns from previous peaks	—	2.60%	—

Volatility

Volatility by Period

	GRNJ	^GSPC	Difference
Volatility (1M) Calculated over the trailing 1-month period	—	5.37%	—
Volatility (6M) Calculated over the trailing 6-month period	—	9.55%	—
Volatility (1Y) Calculated over the trailing 1-year period	31.55%	18.33%	+13.22%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	31.55%	16.90%	+14.65%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	31.55%	18.05%	+13.50%