GRNJ vs. IBIE

Last updated Jul 12, 2026

GRNJ (Fundstrat Granny Shots US Small- & Mid-Cap ETF) and IBIE (iShares iBonds Oct 2028 Term TIPS ETF) are both exchange-traded funds - GRNJ is a Mid Cap Blend Equities fund actively managed by Fundstrat, while IBIE is a Inflation-Protected Bonds fund tracking the ICE 2028 Maturity US Inflation-Linked Treasury Index. GRNJ is actively managed, while IBIE is passively managed. At a 0.00 correlation, their price movements are largely independent. GRNJ charges 0.75%/yr vs 0.10%/yr for IBIE.

Performance

GRNJ vs. IBIE - 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 iShares iBonds Oct 2028 Term TIPS ETF (IBIE). 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 higher than IBIE's 1.80% return.

GRNJ

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

IBIE

• 1D: -0.02%
• 1M: -0.11%
• 6M: 1.59%
• YTD: 1.80%
• 1Y: 3.52%
• 3Y*: —
• 5Y*: —
• 10Y*: —

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

GRNJ vs. IBIE - Yearly Performance Comparison

	2026 (YTD)	2025
GRNJ Fundstrat Granny Shots US Small- & Mid-Cap ETF	16.81%	6.02%
IBIE iShares iBonds Oct 2028 Term TIPS ETF	1.80%	0.23%

Correlation

The correlation between GRNJ and IBIE is 0.00, 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	0.00

Return for Risk

GRNJ vs. IBIE — 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.

IBIE

IBIE Risk / Return Rank: 92
IBIE Sharpe Ratio Rank: 89
IBIE Sortino Ratio Rank: 94
IBIE Omega Ratio Rank: 92
IBIE Calmar Ratio Rank: 93
IBIE 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. IBIE - 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 iBonds Oct 2028 Term TIPS ETF (IBIE). 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	IBIE	Difference
Sharpe ratio: Return per unit of total volatility	—	2.32	—
Sortino ratio: Return per unit of downside risk	—	3.90	—
Omega ratio: Gain probability vs. loss probability	—	1.49	—
Calmar ratio: Return relative to maximum drawdown	—	5.15	—
Martin ratio: Return relative to average drawdown	—	16.25	—

Drawdowns

GRNJ vs. IBIE - Drawdown Comparison

The maximum GRNJ drawdown since its inception was -17.32%, which is greater than IBIE's maximum drawdown of -1.70%. Use the drawdown chart below to compare losses from any high point for GRNJ and IBIE.

Drawdown Indicators

	GRNJ	IBIE	Difference
Max Drawdown Largest peak-to-trough decline	-17.32%	-1.70%	-15.62%
Max Drawdown (1Y) Largest decline over 1 year	—	-0.72%	—
Current Drawdown Current decline from peak	-8.45%	-0.29%	-8.16%
Average Drawdown Average peak-to-trough decline	-4.27%	-0.39%	-3.88%
Ulcer Index Depth and duration of drawdowns from previous peaks	—	0.23%	—

Volatility

Volatility by Period

	GRNJ	IBIE	Difference
Volatility (1M) Calculated over the trailing 1-month period	—	0.56%	—
Volatility (6M) Calculated over the trailing 6-month period	—	1.09%	—
Volatility (1Y) Calculated over the trailing 1-year period	30.50%	1.60%	+28.90%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	30.50%	2.83%	+27.67%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	30.50%	2.83%	+27.67%

GRNJ vs. IBIE - Expense Ratio Comparison

GRNJ has a 0.75% expense ratio, which is higher than IBIE's 0.10% expense ratio.

Dividends

GRNJ vs. IBIE - Dividend Comparison

GRNJ has not paid dividends to shareholders, while IBIE's dividend yield for the trailing twelve months is around 4.96%.

Position	TTM	2025	2024	2023
GRNJ Fundstrat Granny Shots US Small- & Mid-Cap ETF	0.00%	0.00%	0.00%	0.00%
IBIE iShares iBonds Oct 2028 Term TIPS ETF	4.96%	4.09%	4.23%	0.75%

Frequently Asked Questions

Can I hold both GRNJ and IBIE in my portfolio?

GRNJ and IBIE have a correlation of 0.00, 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 IBIE?

On fees, IBIE is cheaper at 0.10% per year. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF is cheaper, GRNJ or IBIE?

IBIE is cheaper with a 0.10% expense ratio, compared with 0.75% for GRNJ.

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

IBIE has the higher dividend yield at 4.96%, compared with 0.00% for GRNJ.

What is the main difference between GRNJ and IBIE?

GRNJ is categorized as Mid Cap Blend Equities, while IBIE is Inflation-Protected Bonds. They also come from different issuers: Fundstrat and iShares. Their fees differ too: 0.75% for GRNJ and 0.10% for IBIE.