GRNJ vs. PWC

Last updated Apr 2, 2026

Compare and contrast key facts about Fundstrat Granny Shots US Small- & Mid-Cap ETF (GRNJ) and Invesco Dynamic Market ETF (PWC).

GRNJ and PWC 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. PWC is a passively managed fund by Invesco that tracks the performance of the Dynamic Market Intellidex Index. It was launched on May 1, 2003.

Performance

GRNJ vs. PWC - 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 Invesco Dynamic Market ETF (PWC). The values are adjusted to include any dividend payments, if applicable.

GRNJ vs. PWC - Yearly Performance Comparison

	2026 (YTD)	2025
GRNJ Fundstrat Granny Shots US Small- & Mid-Cap ETF	-1.21%	5.14%
PWC Invesco Dynamic Market ETF	2.87%	2.09%

Returns By Period

In the year-to-date period, GRNJ achieves a -1.21% return, which is significantly lower than PWC's 2.87% return.

GRNJ

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

PWC

• 1D: 0.27%
• 1M: -4.86%
• YTD: 2.87%
• 6M: 3.46%
• 1Y: 6.74%
• 3Y*: 12.77%
• 5Y*: 6.71%
• 10Y*: 9.18%

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

GRNJ vs. PWC - Expense Ratio Comparison

GRNJ has a 0.75% expense ratio, which is higher than PWC's 0.60% expense ratio.

GRNJ

Fundstrat Granny Shots US Small- & Mid-Cap ETF

PWC

Invesco Dynamic Market ETF

Return for Risk

GRNJ vs. PWC — Risk / Return Rank

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

PWC

PWC Risk / Return Rank: 26
PWC Sharpe Ratio Rank: 25
PWC Sortino Ratio Rank: 25
PWC Omega Ratio Rank: 25
PWC Calmar Ratio Rank: 25
PWC Martin Ratio Rank: 30

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. PWC - 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 Invesco Dynamic Market ETF (PWC). 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	PWC	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	—	0.48	—
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	—	0.41	—
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	—	0.49	—
Sharpe Ratio (All Time) Calculated using the full available price history	0.35	0.11	+0.25

Correlation

The correlation between GRNJ and PWC is 0.60, which is considered to be moderate. This suggests that the two assets have some degree of positive relationship in their price movements. Moderate correlation can be acceptable for portfolio diversification, offering a balance between risk and potential returns.

Dividends

GRNJ vs. PWC - Dividend Comparison

GRNJ has not paid dividends to shareholders, while PWC's dividend yield for the trailing twelve months is around 1.73%.

	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%
PWC Invesco Dynamic Market ETF	1.73%	1.77%	1.58%	1.67%	1.51%	0.56%	1.09%	0.95%	1.44%	1.75%	1.35%	1.02%

Drawdowns

GRNJ vs. PWC - Drawdown Comparison

The maximum GRNJ drawdown since its inception was -17.32%, smaller than the maximum PWC drawdown of -78.13%. Use the drawdown chart below to compare losses from any high point for GRNJ and PWC.

Drawdown Indicators

	GRNJ	PWC	Difference
Max Drawdown Largest peak-to-trough decline	-17.32%	-78.13%	+60.81%
Max Drawdown (1Y) Largest decline over 1 year	—	-11.26%	—
Max Drawdown (5Y) Largest decline over 5 years	—	-26.58%	—
Max Drawdown (10Y) Largest decline over 10 years	—	-39.45%	—
Current Drawdown Current decline from peak	-12.39%	-5.11%	-7.28%
Average Drawdown Average peak-to-trough decline	-4.89%	-36.46%	+31.57%
Ulcer Index Depth and duration of drawdowns from previous peaks	—	2.47%	—

Volatility

Volatility by Period

	GRNJ	PWC	Difference
Volatility (1M) Calculated over the trailing 1-month period	—	3.09%	—
Volatility (6M) Calculated over the trailing 6-month period	—	7.37%	—
Volatility (1Y) Calculated over the trailing 1-year period	31.55%	14.24%	+17.31%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	31.55%	16.28%	+15.27%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	31.55%	18.84%	+12.71%