GRNJ vs. IWM

Last updated Apr 2, 2026

Compare and contrast key facts about Fundstrat Granny Shots US Small- & Mid-Cap ETF (GRNJ) and iShares Russell 2000 ETF (IWM).

GRNJ and IWM are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. GRNJ is an actively managed fund by Fundstrat. It was launched on Nov 17, 2025. IWM is a passively managed fund by iShares that tracks the performance of the Russell 2000 Index. It was launched on May 22, 2000.

Performance

GRNJ vs. IWM - 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 Russell 2000 ETF (IWM). The values are adjusted to include any dividend payments, if applicable.

GRNJ vs. IWM - Yearly Performance Comparison

	2026 (YTD)	2025
GRNJ Fundstrat Granny Shots US Small- & Mid-Cap ETF	-1.21%	5.14%
IWM iShares Russell 2000 ETF	1.56%	5.79%

Returns By Period

In the year-to-date period, GRNJ achieves a -1.21% return, which is significantly lower than IWM's 1.56% return.

GRNJ

• 1D: 0.92%
• 1M: -7.85%
• YTD: -1.21%
• 6M: —
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —

IWM

• 1D: 0.63%
• 1M: -5.23%
• YTD: 1.56%
• 6M: 3.44%
• 1Y: 26.43%
• 3Y*: 13.18%
• 5Y*: 3.47%
• 10Y*: 9.83%

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

GRNJ vs. IWM - Expense Ratio Comparison

GRNJ has a 0.75% expense ratio, which is higher than IWM's 0.19% expense ratio.

GRNJ

Fundstrat Granny Shots US Small- & Mid-Cap ETF

IWM

iShares Russell 2000 ETF

Return for Risk

GRNJ vs. IWM — Risk / Return Rank

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

IWM

IWM Risk / Return Rank: 65
IWM Sharpe Ratio Rank: 63
IWM Sortino Ratio Rank: 65
IWM Omega Ratio Rank: 56
IWM Calmar Ratio Rank: 72
IWM Martin Ratio Rank: 68

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. 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.

Risk / return metrics aren't available yet — we need at least 12 months of trading data to calculate them.

Sharpe Ratios by Period

	GRNJ	IWM	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	—	1.15	—
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	—	0.15	—
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	—	0.43	—
Sharpe Ratio (All Time) Calculated using the full available price history	0.35	0.34	+0.01

Correlation

The correlation between GRNJ and IWM is 0.87, which is considered to be high. That indicates a strong positive relationship between their price movements. Having highly-correlated positions in a portfolio may signal a lack of diversification, potentially leading to increased risk during market downturns.

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 1.02%.

	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	1.02%	1.04%	1.15%	1.35%	1.48%	0.94%	1.04%	1.26%	1.40%	1.26%	1.38%	1.54%

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.

Drawdown Indicators

	GRNJ	IWM	Difference
Max Drawdown Largest peak-to-trough decline	-17.32%	-59.05%	+41.73%
Max Drawdown (1Y) Largest decline over 1 year	—	-13.74%	—
Max Drawdown (5Y) Largest decline over 5 years	—	-31.91%	—
Max Drawdown (10Y) Largest decline over 10 years	—	-41.13%	—
Current Drawdown Current decline from peak	-12.39%	-7.33%	-5.06%
Average Drawdown Average peak-to-trough decline	-4.89%	-10.83%	+5.94%
Ulcer Index Depth and duration of drawdowns from previous peaks	—	3.73%	—

Volatility

Volatility by Period

	GRNJ	IWM	Difference
Volatility (1M) Calculated over the trailing 1-month period	—	7.36%	—
Volatility (6M) Calculated over the trailing 6-month period	—	14.48%	—
Volatility (1Y) Calculated over the trailing 1-year period	31.55%	23.18%	+8.37%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	31.55%	22.54%	+9.01%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	31.55%	22.99%	+8.56%