GRNJ vs. NIXT
GRNJ (Fundstrat Granny Shots US Small- & Mid-Cap ETF) and NIXT (Research Affiliates Deletions ETF) are both exchange-traded funds - GRNJ is a Mid Cap Blend Equities fund actively managed by Fundstrat, while NIXT is a Mid Cap Value Equities fund tracking the Research Affiliates Deletions Index. GRNJ is actively managed, while NIXT is passively managed. Their 0.52 correlation means they have sometimes moved together and sometimes differently. GRNJ charges 0.75%/yr vs 0.09%/yr for NIXT.
Performance
GRNJ vs. NIXT - Performance Comparison
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Returns By Period
In the year-to-date period, GRNJ achieves a 10.37% return, which is significantly lower than NIXT's 26.32% return.
GRNJ
- 1D
- -0.25%
- 1M
- -7.05%
- 6M
- 4.52%
- YTD
- 10.37%
- 1Y
- —
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
- ALL TIME*
- —
NIXT
- 1D
- -1.21%
- 1M
- 0.57%
- 6M
- 22.44%
- YTD
- 26.32%
- 1Y
- 38.98%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
- ALL TIME*
- 18.91%
Liquidity Comparison
| Position | Avg. Volume Value (2W) | Avg. Volume Value (1M) | Avg. Volume Value (3M) |
|---|---|---|---|
| $4.46M | $7.36M | $6.27M | |
| $59.15K | $60.52K | $64.01K |
GRNJ vs. NIXT - Yearly Performance Comparison
| 2026 (YTD) | 2025 | |
|---|---|---|
GRNJ Fundstrat Granny Shots US Small- & Mid-Cap ETF | 10.37% | 6.02% |
NIXT Research Affiliates Deletions ETF | 26.32% | 8.66% |
Correlation
The correlation between GRNJ and NIXT is 0.52, which is moderate. They have sometimes moved together and sometimes differently, sharing some price drivers without tracking each other closely.
| Correlation | |
|---|---|
Correlation (All Time) Calculated using the full available price history since Nov 18, 2025 | 0.52 |
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Return for Risk
GRNJ vs. NIXT — Risk / Return Rank
GRNJ
Risk / return metrics aren't available yet — we need at least 12 months of trading data to calculate them.
NIXT
GRNJ vs. NIXT - 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 Research Affiliates Deletions ETF (NIXT). 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 | NIXT | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | — | — | |
| Sortino ratioReturn per unit of downside risk | — | — | |
| Omega ratioGain probability vs. loss probability | — | 1.29 | — |
| Calmar ratioReturn relative to maximum drawdown | — | 3.08 | — |
| Martin ratioReturn relative to average drawdown | — | 12.03 | — |
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Drawdowns
GRNJ vs. NIXT - Drawdown Comparison
The maximum GRNJ drawdown since its inception was -17.45%, smaller than the maximum NIXT drawdown of -27.75%. Use the drawdown chart below to compare losses from any high point for GRNJ and NIXT.
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Drawdown Indicators
| GRNJ | NIXT | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -17.45% | -27.75% | +10.30% |
Max Drawdown (1Y)Largest decline over 1 year | — | -11.71% | — |
Current DrawdownCurrent decline from peak | -13.50% | -2.04% | -11.46% |
Average DrawdownAverage peak-to-trough decline | -4.94% | -5.56% | +0.62% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | — | 3.00% | — |
Volatility
GRNJ vs. NIXT - Volatility Comparison
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Volatility by Period
| GRNJ | NIXT | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | — | 5.29% | — |
Volatility (6M)Calculated over the trailing 6-month period | — | 14.60% | — |
Volatility (1Y)Calculated over the trailing 1-year period | 30.96% | 20.94% | +10.02% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 30.96% | 22.97% | +7.99% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 30.96% | 22.97% | +7.99% |
GRNJ vs. NIXT - Expense Ratio Comparison
GRNJ has a 0.75% expense ratio, which is higher than NIXT's 0.09% expense ratio.
Dividends
GRNJ vs. NIXT - Dividend Comparison
GRNJ has not paid dividends to shareholders, while NIXT's dividend yield for the trailing twelve months is around 1.30%.
| Position | TTM | 2025 | 2024 |
|---|---|---|---|
GRNJ Fundstrat Granny Shots US Small- & Mid-Cap ETF | 0.00% | 0.00% | 0.00% |
NIXT Research Affiliates Deletions ETF | 1.30% | 1.64% | 1.39% |
Frequently Asked Questions
GRNJ and NIXT have a correlation of 0.52, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, NIXT is cheaper at 0.09% per year. The better choice depends on whether you care most about return, fees, risk, or income.
NIXT is cheaper with a 0.09% expense ratio, compared with 0.75% for GRNJ.
NIXT has the higher dividend yield at 1.30%, compared with 0.00% for GRNJ.
GRNJ is categorized as Mid Cap Blend Equities, while NIXT is Mid Cap Value Equities. They also come from different issuers: Fundstrat and Alpha Architect. Their fees differ too: 0.75% for GRNJ and 0.09% for NIXT.
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