GRNJ vs. CSHP
GRNJ (Fundstrat Granny Shots US Small- & Mid-Cap ETF) and CSHP (iShares Enhanced Short-Term Bond Active ETF) are both exchange-traded funds - GRNJ is a Mid Cap Blend Equities fund actively managed by Fundstrat, while CSHP is a Ultrashort Bond fund actively managed by iShares. Both are actively managed. At a correlation of -0.09, they often move in opposite directions. GRNJ charges 0.75%/yr vs 0.20%/yr for CSHP.
Performance
GRNJ vs. CSHP - Performance Comparison
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Returns By Period
In the year-to-date period, GRNJ achieves a 22.19% return, which is significantly higher than CSHP's 1.83% return.
GRNJ
- 1D
- -2.56%
- 1M
- 1.56%
- YTD
- 22.19%
- 6M
- 17.63%
- 1Y
- —
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
CSHP
- 1D
- -0.03%
- 1M
- 0.27%
- YTD
- 1.83%
- 6M
- 1.92%
- 1Y
- 3.94%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
GRNJ vs. CSHP - Yearly Performance Comparison
| 2026 (YTD) | 2025 | |
|---|---|---|
GRNJ Fundstrat Granny Shots US Small- & Mid-Cap ETF | 22.19% | 6.02% |
CSHP iShares Enhanced Short-Term Bond Active ETF | 1.83% | 0.45% |
Correlation
The correlation between GRNJ and CSHP is -0.09, meaning there is essentially no relationship between their price movements. Each responds to its own set of market drivers, making them strong candidates for combining in a diversified portfolio.
| Correlation | |
|---|---|
Correlation (All Time) Calculated using the full available price history since Nov 18, 2025 | -0.09 |
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Return for Risk
GRNJ vs. CSHP — Risk / Return Rank
GRNJ
Risk / return metrics aren't available yet — we need at least 12 months of trading data to calculate them.
CSHP
GRNJ vs. CSHP - 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 iShares Enhanced Short-Term Bond Active ETF (CSHP). 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 | CSHP | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | — | — | |
| Sortino ratioReturn per unit of downside risk | — | — | |
| Omega ratioGain probability vs. loss probability | — | 6.46 | — |
| Calmar ratioReturn relative to maximum drawdown | — | 65.45 | — |
| Martin ratioReturn relative to average drawdown | — | 381.67 | — |
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Drawdowns
GRNJ vs. CSHP - Drawdown Comparison
The maximum GRNJ drawdown since its inception was -17.32%, which is greater than CSHP's maximum drawdown of -0.08%. Use the drawdown chart below to compare losses from any high point for GRNJ and CSHP.
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Drawdown Indicators
| GRNJ | CSHP | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -17.32% | -0.08% | -17.24% |
Max Drawdown (1Y)Largest decline over 1 year | — | -0.06% | — |
Current DrawdownCurrent decline from peak | -4.23% | -0.04% | -4.19% |
Average DrawdownAverage peak-to-trough decline | -4.09% | -0.00% | -4.09% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | — | 0.01% | — |
Volatility
GRNJ vs. CSHP - Volatility Comparison
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Volatility by Period
| GRNJ | CSHP | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | — | 0.16% | — |
Volatility (6M)Calculated over the trailing 6-month period | — | 0.27% | — |
Volatility (1Y)Calculated over the trailing 1-year period | 30.86% | 0.36% | +30.50% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 30.86% | 0.41% | +30.45% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 30.86% | 0.41% | +30.45% |
GRNJ vs. CSHP - Expense Ratio Comparison
GRNJ has a 0.75% expense ratio, which is higher than CSHP's 0.20% expense ratio.
Dividends
GRNJ vs. CSHP - Dividend Comparison
GRNJ has not paid dividends to shareholders, while CSHP's dividend yield for the trailing twelve months is around 3.91%.
| Position | TTM | 2025 | 2024 |
|---|---|---|---|
CSHP iShares Enhanced Short-Term Bond Active ETF | 3.91% | 5.39% | 1.96% |
GRNJ Fundstrat Granny Shots US Small- & Mid-Cap ETF | 0.00% | 0.00% | 0.00% |
Frequently Asked Questions
GRNJ and CSHP have a correlation of -0.09, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, CSHP is cheaper at 0.20% per year. The better choice depends on whether you care most about return, fees, risk, or income.
CSHP is cheaper with a 0.20% expense ratio, compared with 0.75% for GRNJ.
CSHP has the higher dividend yield at 3.91%, compared with 0.00% for GRNJ.
GRNJ is categorized as Mid Cap Blend Equities, while CSHP is Ultrashort Bond. They also come from different issuers: Fundstrat and iShares. Their fees differ too: 0.75% for GRNJ and 0.20% for CSHP.
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