GRNJ vs. FAAR
GRNJ (Fundstrat Granny Shots US Small- & Mid-Cap ETF) and FAAR (First Trust Alternative Absolute Return Strategy ETF) are both exchange-traded funds - GRNJ is a Mid Cap Blend Equities fund actively managed by Fundstrat, while FAAR is a Commodities fund actively managed by First Trust. Both are actively managed. At a correlation of -0.07, they often move in opposite directions. GRNJ charges 0.75%/yr vs 0.95%/yr for FAAR.
Performance
GRNJ vs. FAAR - Performance Comparison
Loading charts...
Returns By Period
In the year-to-date period, GRNJ achieves a 21.21% return, which is significantly higher than FAAR's 17.40% return.
GRNJ
- 1D
- -0.80%
- 1M
- 0.75%
- YTD
- 21.21%
- 6M
- 16.63%
- 1Y
- —
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
FAAR
- 1D
- -1.46%
- 1M
- -6.59%
- YTD
- 17.40%
- 6M
- 17.10%
- 1Y
- 28.26%
- 3Y*
- 10.03%
- 5Y*
- 7.50%
- 10Y*
- 4.54%
GRNJ vs. FAAR - Yearly Performance Comparison
| 2026 (YTD) | 2025 | |
|---|---|---|
GRNJ Fundstrat Granny Shots US Small- & Mid-Cap ETF | 21.21% | 6.02% |
FAAR First Trust Alternative Absolute Return Strategy ETF | 17.40% | -2.24% |
Correlation
The correlation between GRNJ and FAAR is -0.07, 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 | -0.07 |
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
GRNJ vs. FAAR — Risk / Return Rank
GRNJ
Risk / return metrics aren't available yet — we need at least 12 months of trading data to calculate them.
FAAR
GRNJ vs. FAAR - 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 First Trust Alternative Absolute Return Strategy ETF (FAAR). 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 | FAAR | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | — | — | |
| Sortino ratioReturn per unit of downside risk | — | — | |
| Omega ratioGain probability vs. loss probability | — | 1.37 | — |
| Calmar ratioReturn relative to maximum drawdown | — | 3.71 | — |
| Martin ratioReturn relative to average drawdown | — | 14.66 | — |
Loading charts...
Drawdowns
GRNJ vs. FAAR - Drawdown Comparison
The maximum GRNJ drawdown since its inception was -17.32%, roughly equal to the maximum FAAR drawdown of -18.03%. Use the drawdown chart below to compare losses from any high point for GRNJ and FAAR.
Loading charts...
Drawdown Indicators
| GRNJ | FAAR | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -17.32% | -18.03% | +0.71% |
Max Drawdown (1Y)Largest decline over 1 year | — | -7.66% | — |
Max Drawdown (3Y)Largest decline over 3 years | — | -11.54% | — |
Max Drawdown (5Y)Largest decline over 5 years | — | -18.03% | — |
Max Drawdown (10Y)Largest decline over 10 years | — | -18.03% | — |
Current DrawdownCurrent decline from peak | -5.00% | -7.66% | +2.66% |
Average DrawdownAverage peak-to-trough decline | -4.09% | -7.82% | +3.73% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | — | 1.93% | — |
Volatility
GRNJ vs. FAAR - Volatility Comparison
Loading charts...
Volatility by Period
| GRNJ | FAAR | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | — | 2.82% | — |
Volatility (6M)Calculated over the trailing 6-month period | — | 9.80% | — |
Volatility (1Y)Calculated over the trailing 1-year period | 30.78% | 13.30% | +17.48% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 30.78% | 12.97% | +17.81% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 30.78% | 11.55% | +19.23% |
GRNJ vs. FAAR - Expense Ratio Comparison
GRNJ has a 0.75% expense ratio, which is lower than FAAR's 0.95% expense ratio.
Dividends
GRNJ vs. FAAR - Dividend Comparison
GRNJ has not paid dividends to shareholders, while FAAR's dividend yield for the trailing twelve months is around 9.80%.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 |
|---|---|---|---|---|---|---|---|---|---|---|
FAAR First Trust Alternative Absolute Return Strategy ETF | 9.80% | 11.63% | 3.45% | 3.20% | 5.82% | 6.49% | 3.05% | 1.02% | 0.58% | 2.83% |
GRNJ Fundstrat Granny Shots US Small- & Mid-Cap ETF | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
Frequently Asked Questions
GRNJ and FAAR have a correlation of -0.07, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, GRNJ is cheaper at 0.75% per year. The better choice depends on whether you care most about return, fees, risk, or income.
GRNJ is cheaper with a 0.75% expense ratio, compared with 0.95% for FAAR.
FAAR has the higher dividend yield at 9.80%, compared with 0.00% for GRNJ.
GRNJ is categorized as Mid Cap Blend Equities, while FAAR is Commodities. They also come from different issuers: Fundstrat and First Trust. Their fees differ too: 0.75% for GRNJ and 0.95% for FAAR.
Find the right allocation for GRNJ and FAAR
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