GRNJ vs. IWM
GRNJ (Fundstrat Granny Shots US Small- & Mid-Cap ETF) and IWM (iShares Russell 2000 ETF) are both exchange-traded funds - GRNJ is a Mid Cap Blend Equities fund actively managed by Fundstrat, while IWM is a Small Cap Blend Equities fund tracking the Russell 2000 Index. GRNJ is actively managed, while IWM is passively managed. Their correlation of 0.88 suggests significant overlap in exposure. GRNJ charges 0.75%/yr vs 0.19%/yr for IWM.
Performance
GRNJ vs. IWM - Performance Comparison
Loading charts...
Returns By Period
In the year-to-date period, GRNJ achieves a 22.19% return, which is significantly higher than IWM's 20.47% return.
GRNJ
- 1D
- -2.56%
- 1M
- 1.56%
- YTD
- 22.19%
- 6M
- 17.63%
- 1Y
- —
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
IWM
- 1D
- -0.96%
- 1M
- 3.82%
- YTD
- 20.47%
- 6M
- 17.64%
- 1Y
- 40.90%
- 3Y*
- 19.22%
- 5Y*
- 6.27%
- 10Y*
- 11.58%
GRNJ vs. IWM - Yearly Performance Comparison
| 2026 (YTD) | 2025 | |
|---|---|---|
GRNJ Fundstrat Granny Shots US Small- & Mid-Cap ETF | 22.19% | 6.02% |
IWM iShares Russell 2000 ETF | 20.47% | 6.11% |
Correlation
The correlation between GRNJ and IWM is 0.88, indicating a strong positive relationship between their price movements. Combining them offers limited diversification - they tend to fall together during downturns.
| Correlation | |
|---|---|
Correlation (All Time) Calculated using the full available price history since Nov 18, 2025 | 0.88 |
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. IWM — Risk / Return Rank
GRNJ
Risk / return metrics aren't available yet — we need at least 12 months of trading data to calculate them.
IWM
GRNJ vs. IWM - 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 Russell 2000 ETF (IWM). 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 | IWM | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | — | — | |
| Sortino ratioReturn per unit of downside risk | — | — | |
| Omega ratioGain probability vs. loss probability | — | 1.34 | — |
| Calmar ratioReturn relative to maximum drawdown | — | 3.73 | — |
| Martin ratioReturn relative to average drawdown | — | 13.18 | — |
Loading charts...
Drawdowns
GRNJ vs. IWM - Drawdown Comparison
The maximum GRNJ drawdown since its inception was -17.32%, smaller than the maximum IWM drawdown of -59.05%. Use the drawdown chart below to compare losses from any high point for GRNJ and IWM.
Loading charts...
Drawdown Indicators
| GRNJ | IWM | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -17.32% | -59.05% | +41.73% |
Max Drawdown (1Y)Largest decline over 1 year | — | -11.03% | — |
Max Drawdown (3Y)Largest decline over 3 years | — | -27.50% | — |
Max Drawdown (5Y)Largest decline over 5 years | — | -31.91% | — |
Max Drawdown (10Y)Largest decline over 10 years | — | -41.13% | — |
Current DrawdownCurrent decline from peak | -4.23% | -0.96% | -3.27% |
Average DrawdownAverage peak-to-trough decline | -4.09% | -10.75% | +6.66% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | — | 3.11% | — |
Volatility
GRNJ vs. IWM - Volatility Comparison
Loading charts...
Volatility by Period
| GRNJ | IWM | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | — | 6.56% | — |
Volatility (6M)Calculated over the trailing 6-month period | — | 14.31% | — |
Volatility (1Y)Calculated over the trailing 1-year period | 30.86% | 19.74% | +11.12% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 30.86% | 22.61% | +8.25% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 30.86% | 23.06% | +7.80% |
GRNJ vs. IWM - Expense Ratio Comparison
GRNJ has a 0.75% expense ratio, which is higher than IWM's 0.19% expense ratio.
Dividends
GRNJ vs. IWM - Dividend Comparison
GRNJ has not paid dividends to shareholders, while IWM's dividend yield for the trailing twelve months is around 0.90%.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
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% | 0.00% | 0.00% |
IWM iShares Russell 2000 ETF | 0.90% | 1.04% | 1.15% | 1.35% | 1.48% | 0.94% | 1.04% | 1.26% | 1.40% | 1.26% | 1.38% | 1.54% |
Frequently Asked Questions
GRNJ and IWM have a correlation of 0.88, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, IWM is cheaper at 0.19% per year. The better choice depends on whether you care most about return, fees, risk, or income.
IWM is cheaper with a 0.19% expense ratio, compared with 0.75% for GRNJ.
IWM has the higher dividend yield at 0.90%, compared with 0.00% for GRNJ.
GRNJ is categorized as Mid Cap Blend Equities, while IWM is Small Cap Blend Equities. They also come from different issuers: Fundstrat and iShares. Their fees differ too: 0.75% for GRNJ and 0.19% for IWM.
Find the right allocation for GRNJ and IWM
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