GRNJ vs. CPAI

Last updated Jul 12, 2026

GRNJ (Fundstrat Granny Shots US Small- & Mid-Cap ETF) and CPAI (Counterpoint Quantitative Equity ETF) are both Mid Cap Blend Equities funds. Both are actively managed. A 0.79 correlation means they provide meaningful diversification when combined. Both charge a 0.75% expense ratio.

Performance

GRNJ vs. CPAI - 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 Counterpoint Quantitative Equity ETF (CPAI). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, GRNJ achieves a 16.81% return, which is significantly lower than CPAI's 28.00% return.

GRNJ

• 1D: -0.88%
• 1M: -4.62%
• 6M: 8.17%
• YTD: 16.81%
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —

CPAI

• 1D: -0.70%
• 1M: 1.34%
• 6M: 18.65%
• YTD: 28.00%
• 1Y: 44.74%
• 3Y*: —
• 5Y*: —
• 10Y*: —

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

GRNJ vs. CPAI - Yearly Performance Comparison

	2026 (YTD)	2025
GRNJ Fundstrat Granny Shots US Small- & Mid-Cap ETF	16.81%	6.02%
CPAI Counterpoint Quantitative Equity ETF	28.00%	4.52%

Correlation

The correlation between GRNJ and CPAI is 0.79, which is moderate. They share some common price drivers but move independently often enough to provide real diversification benefit when combined.

	Correlation
Correlation (All Time) Calculated using the full available price history since Nov 18, 2025	0.79

Return for Risk

GRNJ vs. CPAI — Risk / Return Rank

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

GRNJ

Risk / return metrics aren't available yet — we need at least 12 months of trading data to calculate them.

CPAI

CPAI Risk / Return Rank: 87
CPAI Sharpe Ratio Rank: 89
CPAI Sortino Ratio Rank: 85
CPAI Omega Ratio Rank: 83
CPAI Calmar Ratio Rank: 89
CPAI Martin Ratio Rank: 90

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. CPAI - 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 Counterpoint Quantitative Equity ETF (CPAI). 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.

	GRNJ	CPAI	Difference
Sharpe ratio: Return per unit of total volatility	—	2.32	—
Sortino ratio: Return per unit of downside risk	—	3.00	—
Omega ratio: Gain probability vs. loss probability	—	1.39	—
Calmar ratio: Return relative to maximum drawdown	—	4.22	—
Martin ratio: Return relative to average drawdown	—	15.91	—

Drawdowns

GRNJ vs. CPAI - Drawdown Comparison

The maximum GRNJ drawdown since its inception was -17.32%, smaller than the maximum CPAI drawdown of -21.46%. Use the drawdown chart below to compare losses from any high point for GRNJ and CPAI.

Drawdown Indicators

	GRNJ	CPAI	Difference
Max Drawdown Largest peak-to-trough decline	-17.32%	-21.46%	+4.14%
Max Drawdown (1Y) Largest decline over 1 year	—	-10.48%	—
Current Drawdown Current decline from peak	-8.45%	-1.38%	-7.07%
Average Drawdown Average peak-to-trough decline	-4.27%	-2.95%	-1.32%
Ulcer Index Depth and duration of drawdowns from previous peaks	—	2.77%	—

Volatility

Volatility by Period

	GRNJ	CPAI	Difference
Volatility (1M) Calculated over the trailing 1-month period	—	6.11%	—
Volatility (6M) Calculated over the trailing 6-month period	—	15.71%	—
Volatility (1Y) Calculated over the trailing 1-year period	30.50%	19.08%	+11.42%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	30.50%	19.39%	+11.11%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	30.50%	19.39%	+11.11%

GRNJ vs. CPAI - Expense Ratio Comparison

Both GRNJ and CPAI have an expense ratio of 0.75%.

Dividends

GRNJ vs. CPAI - Dividend Comparison

GRNJ has not paid dividends to shareholders, while CPAI's dividend yield for the trailing twelve months is around 0.70%.

Position	TTM	2025	2024	2023
CPAI Counterpoint Quantitative Equity ETF	0.70%	0.89%	0.41%	0.06%
GRNJ Fundstrat Granny Shots US Small- & Mid-Cap ETF	0.00%	0.00%	0.00%	0.00%

Frequently Asked Questions

Can I hold both GRNJ and CPAI in my portfolio?

GRNJ and CPAI have a correlation of 0.79, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which ETF is better, GRNJ or CPAI?

Both ETFs have the same 0.75% expense ratio. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF is cheaper, GRNJ or CPAI?

GRNJ and CPAI have the same expense ratio: 0.75% per year.

Which ETF pays a higher dividend yield, GRNJ or CPAI?

CPAI has the higher dividend yield at 0.70%, compared with 0.00% for GRNJ.

What is the main difference between GRNJ and CPAI?

They also come from different issuers: Fundstrat and Counterpoint Funds.