GRNY vs. BRO
GRNY (Fundstrat Granny Shots U.S. Large Cap ETF) is Large Cap Blend Equities fund actively managed by Tidal ETFs, while BRO (Brown & Brown, Inc.) is a stock. Over the past year, GRNY returned 17.27% vs -33.02% for BRO. At a correlation of -0.04, they often move in opposite directions.
Performance
GRNY vs. BRO - Performance Comparison
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Returns By Period
In the year-to-date period, GRNY achieves a 9.98% return, which is significantly higher than BRO's -13.05% return.
GRNY
- 1D
- -0.37%
- 1M
- -0.94%
- 6M
- 5.26%
- YTD
- 9.98%
- 1Y
- 17.27%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
- ALL TIME*
- 19.76%
BRO
- 1D
- -0.59%
- 1M
- 16.65%
- 6M
- -13.38%
- YTD
- -13.05%
- 1Y
- -33.02%
- 3Y*
- -0.37%
- 5Y*
- 6.03%
- 10Y*
- 15.04%
- ALL TIME*
- 14.93%
GRNY vs. BRO - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | |
|---|---|---|---|
GRNY Fundstrat Granny Shots U.S. Large Cap ETF | 9.98% | 24.05% | -0.45% |
BRO Brown & Brown, Inc. | -13.05% | -21.37% | -7.93% |
Correlation
The correlation between GRNY and BRO is -0.22, meaning they tend to move in opposite directions. This is especially valuable for risk management - when one declines, the other has historically tended to hold steady or rise.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | -0.22 |
Correlation (All Time) Calculated using the full available price history since Nov 7, 2024 | -0.04 |
The correlation between GRNY and BRO shifts across timeframes, from -0.22 (1 year) to -0.04 (all time), reflecting how their relationship changes across market environments.
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Return for Risk
GRNY vs. BRO — Risk / Return Rank
GRNY
BRO
GRNY vs. BRO - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Fundstrat Granny Shots U.S. Large Cap ETF (GRNY) and Brown & Brown, Inc. (BRO). 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.
| GRNY | BRO | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +2.06 | ||
| Sortino ratioReturn per unit of downside risk | +2.87 | ||
| Omega ratioGain probability vs. loss probability | 1.17 | 0.81 | +0.36 |
| Calmar ratioReturn relative to maximum drawdown | 1.49 | -0.71 | +2.20 |
| Martin ratioReturn relative to average drawdown | 4.48 | -1.17 | +5.65 |
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Drawdowns
GRNY vs. BRO - Drawdown Comparison
The maximum GRNY drawdown since its inception was -24.18%, smaller than the maximum BRO drawdown of -55.85%. Use the drawdown chart below to compare losses from any high point for GRNY and BRO.
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Drawdown Indicators
| GRNY | BRO | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -24.18% | -55.85% | +31.67% |
Max Drawdown (1Y)Largest decline over 1 year | -11.63% | -46.93% | +35.30% |
Max Drawdown (3Y)Largest decline over 3 years | — | -55.85% | — |
Max Drawdown (5Y)Largest decline over 5 years | — | -55.85% | — |
Max Drawdown (10Y)Largest decline over 10 years | — | -55.85% | — |
Current DrawdownCurrent decline from peak | -2.68% | -44.02% | +41.34% |
Average DrawdownAverage peak-to-trough decline | -3.84% | -13.63% | +9.79% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 3.86% | 28.61% | -24.75% |
Volatility
GRNY vs. BRO - Volatility Comparison
The current volatility for Fundstrat Granny Shots U.S. Large Cap ETF (GRNY) is 4.09%, while Brown & Brown, Inc. (BRO) has a volatility of 11.02%. This indicates that GRNY experiences smaller price fluctuations and is considered to be less risky than BRO based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| GRNY | BRO | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 4.09% | 11.02% | -6.93% |
Volatility (6M)Calculated over the trailing 6-month period | 13.02% | 23.89% | -10.87% |
Volatility (1Y)Calculated over the trailing 1-year period | 18.06% | 30.37% | -12.31% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 22.80% | 25.27% | -2.47% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 22.80% | 23.84% | -1.04% |
Dividends
GRNY vs. BRO - Dividend Comparison
GRNY's dividend yield for the trailing twelve months is around 0.07%, less than BRO's 0.94% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
BRO Brown & Brown, Inc. | 0.94% | 0.77% | 0.53% | 0.67% | 0.74% | 0.54% | 0.73% | 0.82% | 1.11% | 1.08% | 1.12% | 1.41% |
GRNY Fundstrat Granny Shots U.S. Large Cap ETF | 0.07% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
Frequently Asked Questions
GRNY and BRO have a correlation of -0.22, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
BRO has higher volatility (11.02%) compared to GRNY (4.09%). In terms of maximum drawdown, GRNY dropped -24.18% vs BRO's -55.85%.
GRNY currently has the higher Sharpe Ratio (0.96 vs -1.09), meaning it's delivered slightly more return per unit of risk over the trailing 12 months. However, this ranking shifts over time - use the Risk/Return Score above for a more comprehensive view that combines Sharpe, Sortino, and other measures used by quantitative funds.
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