GRNJ vs. FDLS

Last updated Jun 4, 2026

GRNJ (Fundstrat Granny Shots US Small- & Mid-Cap ETF) and FDLS (Inspire Fidelis Multi Factor ETF) are both Mid Cap Blend Equities funds. GRNJ is actively managed, while FDLS is passively managed. A 0.76 correlation means they provide meaningful diversification when combined. GRNJ charges 0.75%/yr vs 0.76%/yr for FDLS.

Performance

GRNJ vs. FDLS - 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 Inspire Fidelis Multi Factor ETF (FDLS). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, GRNJ achieves a 26.11% return, which is significantly higher than FDLS's 13.12% return.

GRNJ

• 1D: -1.17%
• 1M: 8.92%
• YTD: 26.11%
• 6M: 25.03%
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —

FDLS

• 1D: -1.15%
• 1M: -0.93%
• YTD: 13.12%
• 6M: 13.26%
• 1Y: 33.04%
• 3Y*: 19.65%
• 5Y*: —
• 10Y*: —

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

GRNJ vs. FDLS - Yearly Performance Comparison

	2026 (YTD)	2025
GRNJ Fundstrat Granny Shots US Small- & Mid-Cap ETF	26.11%	5.14%
FDLS Inspire Fidelis Multi Factor ETF	13.12%	4.76%

Correlation

The correlation between GRNJ and FDLS is 0.76, 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 19, 2025	0.76

Return for Risk

GRNJ vs. FDLS — Risk / Return Rank

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

FDLS

FDLS Risk / Return Rank: 64
FDLS Sharpe Ratio Rank: 59
FDLS Sortino Ratio Rank: 60
FDLS Omega Ratio Rank: 57
FDLS Calmar Ratio Rank: 70
FDLS Martin Ratio Rank: 74

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. FDLS - 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 Inspire Fidelis Multi Factor ETF (FDLS). 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	FDLS	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	—	1.99	—
Sharpe Ratio (All Time) Calculated using the full available price history	2.35	0.86	+1.49

Drawdowns

GRNJ vs. FDLS - Drawdown Comparison

The maximum GRNJ drawdown since its inception was -17.32%, smaller than the maximum FDLS drawdown of -23.32%. Use the drawdown chart below to compare losses from any high point for GRNJ and FDLS.

Drawdown Indicators

	GRNJ	FDLS	Difference
Max Drawdown Largest peak-to-trough decline	-17.32%	-23.32%	+6.00%
Max Drawdown (1Y) Largest decline over 1 year	—	-9.55%	—
Max Drawdown (3Y) Largest decline over 3 years	—	-23.32%	—
Current Drawdown Current decline from peak	-1.17%	-2.66%	+1.49%
Average Drawdown Average peak-to-trough decline	-4.13%	-3.88%	-0.25%
Ulcer Index Depth and duration of drawdowns from previous peaks	—	2.37%	—

Volatility

Volatility by Period

	GRNJ	FDLS	Difference
Volatility (1M) Calculated over the trailing 1-month period	—	4.36%	—
Volatility (6M) Calculated over the trailing 6-month period	—	12.45%	—
Volatility (1Y) Calculated over the trailing 1-year period	29.93%	16.71%	+13.22%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	29.93%	19.07%	+10.86%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	29.93%	19.07%	+10.86%

GRNJ vs. FDLS - Expense Ratio Comparison

GRNJ has a 0.75% expense ratio, which is lower than FDLS's 0.76% expense ratio.

Dividends

GRNJ vs. FDLS - Dividend Comparison

GRNJ has not paid dividends to shareholders, while FDLS's dividend yield for the trailing twelve months is around 0.87%.

Position	TTM	2025	2024	2023	2022
FDLS Inspire Fidelis Multi Factor ETF	0.87%	0.86%	7.26%	0.97%	0.31%
GRNJ Fundstrat Granny Shots US Small- & Mid-Cap ETF	0.00%	0.00%	0.00%	0.00%	0.00%

Frequently Asked Questions

Can I hold both GRNJ and FDLS in my portfolio?

GRNJ and FDLS have a correlation of 0.76, 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 FDLS?

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.

Which ETF is cheaper, GRNJ or FDLS?

GRNJ is cheaper with a 0.75% expense ratio, compared with 0.76% for FDLS.

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

FDLS has the higher dividend yield at 0.87%, compared with 0.00% for GRNJ.

What is the main difference between GRNJ and FDLS?

They also come from different issuers: Fundstrat and Inspire. Their fees differ too: 0.75% for GRNJ and 0.76% for FDLS.