GRNY vs. DGRW

Last updated Jun 4, 2026

GRNY (Fundstrat Granny Shots US Large Cap ETF) and DGRW (WisdomTree U.S. Dividend Growth Fund) are both exchange-traded funds - GRNY is a Large Cap Blend Equities fund actively managed by Tidal ETFs, while DGRW is a Large Cap Growth Equities fund tracking the WisdomTree U.S. Dividend Growth Index. GRNY is actively managed, while DGRW is passively managed. Over the past year, GRNY returned 29.75% vs 20.79% for DGRW. A 0.76 correlation means they provide meaningful diversification when combined. GRNY charges 0.75%/yr vs 0.28%/yr for DGRW.

Performance

GRNY vs. DGRW - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Fundstrat Granny Shots US Large Cap ETF (GRNY) and WisdomTree U.S. Dividend Growth Fund (DGRW). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, GRNY achieves a 11.15% return, which is significantly higher than DGRW's 9.10% return.

GRNY

• 1D: -0.76%
• 1M: 3.30%
• YTD: 11.15%
• 6M: 9.73%
• 1Y: 29.75%
• 3Y*: —
• 5Y*: —
• 10Y*: —

DGRW

• 1D: -0.83%
• 1M: 4.06%
• YTD: 9.10%
• 6M: 8.62%
• 1Y: 20.79%
• 3Y*: 16.64%
• 5Y*: 12.17%
• 10Y*: 14.15%

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

GRNY vs. DGRW - Yearly Performance Comparison

	2026 (YTD)	2025	2024
GRNY Fundstrat Granny Shots US Large Cap ETF	11.15%	24.05%	-1.09%
DGRW WisdomTree U.S. Dividend Growth Fund	9.10%	12.17%	-4.72%

Correlation

The correlation between GRNY and DGRW is 0.75, which is moderate. They share some common price drivers but move independently often enough to provide real diversification benefit when combined.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.75
Correlation (All Time) Calculated using the full available price history since Nov 8, 2024	0.76

The correlation between GRNY and DGRW has been stable across timeframes, ranging from 0.75 to 0.76 - a consistent structural relationship.

Return for Risk

GRNY vs. DGRW — Risk / Return Rank

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

GRNY

GRNY Risk / Return Rank: 47
GRNY Sharpe Ratio Rank: 48
GRNY Sortino Ratio Rank: 45
GRNY Omega Ratio Rank: 44
GRNY Calmar Ratio Rank: 51
GRNY Martin Ratio Rank: 47

DGRW

DGRW Risk / Return Rank: 60
DGRW Sharpe Ratio Rank: 61
DGRW Sortino Ratio Rank: 65
DGRW Omega Ratio Rank: 63
DGRW Calmar Ratio Rank: 50
DGRW Martin Ratio Rank: 61

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.

GRNY vs. DGRW - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Fundstrat Granny Shots US Large Cap ETF (GRNY) and WisdomTree U.S. Dividend Growth Fund (DGRW). 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.

	GRNY	DGRW	Difference
Sharpe ratio Return per unit of total volatility	1.70	2.12	-0.41
Sortino ratio Return per unit of downside risk	2.30	3.09	-0.79
Omega ratio Gain probability vs. loss probability	1.29	1.39	-0.10
Calmar ratio Return relative to maximum drawdown	2.57	2.52	+0.05
Martin ratio Return relative to average drawdown	7.85	11.03	-3.18
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

GRNY vs. DGRW - Sharpe Ratio Comparison

The current GRNY Sharpe Ratio is 1.70, which is comparable to the DGRW Sharpe Ratio of 2.12. The chart below compares the historical Sharpe Ratios of GRNY and DGRW, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Sharpe Ratios by Period

	GRNY	DGRW	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	1.70	2.12	-0.41
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	—	0.88	—
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	—	0.88	—
Sharpe Ratio (All Time) Calculated using the full available price history	0.96	0.86	+0.10

Drawdowns

GRNY vs. DGRW - Drawdown Comparison

The maximum GRNY drawdown since its inception was -24.18%, smaller than the maximum DGRW drawdown of -32.04%. Use the drawdown chart below to compare losses from any high point for GRNY and DGRW.

Drawdown Indicators

	GRNY	DGRW	Difference
Max Drawdown Largest peak-to-trough decline	-24.18%	-32.04%	+7.86%
Max Drawdown (1Y) Largest decline over 1 year	-11.63%	-8.30%	-3.33%
Max Drawdown (3Y) Largest decline over 3 years	—	-16.21%	—
Max Drawdown (5Y) Largest decline over 5 years	—	-17.27%	—
Max Drawdown (10Y) Largest decline over 10 years	—	-32.04%	—
Current Drawdown Current decline from peak	-0.76%	-0.83%	+0.07%
Average Drawdown Average peak-to-trough decline	-4.03%	-3.01%	-1.02%
Ulcer Index Depth and duration of drawdowns from previous peaks	3.80%	1.89%	+1.91%

Volatility

GRNY vs. DGRW - Volatility Comparison

Fundstrat Granny Shots US Large Cap ETF (GRNY) has a higher volatility of 4.23% compared to WisdomTree U.S. Dividend Growth Fund (DGRW) at 2.47%. This indicates that GRNY's price experiences larger fluctuations and is considered to be riskier than DGRW based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	GRNY	DGRW	Difference
Volatility (1M) Calculated over the trailing 1-month period	4.23%	2.47%	+1.76%
Volatility (6M) Calculated over the trailing 6-month period	12.70%	7.64%	+5.06%
Volatility (1Y) Calculated over the trailing 1-year period	17.59%	9.88%	+7.71%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	23.19%	13.97%	+9.22%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	23.19%	16.21%	+6.98%

GRNY vs. DGRW - Expense Ratio Comparison

GRNY has a 0.75% expense ratio, which is higher than DGRW's 0.28% expense ratio.

Dividends

GRNY vs. DGRW - Dividend Comparison

GRNY has not paid dividends to shareholders, while DGRW's dividend yield for the trailing twelve months is around 1.27%.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
DGRW WisdomTree U.S. Dividend Growth Fund	1.27%	1.43%	1.55%	1.74%	2.15%	1.78%	1.93%	2.20%	2.42%	1.71%	2.13%	2.18%
GRNY Fundstrat Granny Shots US Large 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%

Frequently Asked Questions

Can I hold both GRNY and DGRW in my portfolio?

GRNY and DGRW have a correlation of 0.75, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, GRNY or DGRW?

GRNY has higher volatility (4.23%) compared to DGRW (2.47%). In terms of maximum drawdown, GRNY dropped -24.18% vs DGRW's -32.04%.

Which ETF is better, GRNY or DGRW?

On 1-year performance, GRNY leads with 29.75% vs 20.79% for DGRW. On fees, DGRW is cheaper at 0.28% per year. On volatility, DGRW has been the lower-risk option at 2.47%. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF has performed better, GRNY or DGRW?

Over the 1-year period, GRNY has performed better with a 29.75% return vs 20.79%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, GRNY or DGRW?

DGRW is cheaper with a 0.28% expense ratio, compared with 0.75% for GRNY.

Which ETF pays a higher dividend yield, GRNY or DGRW?

DGRW has the higher dividend yield at 1.27%, compared with 0.00% for GRNY.

What is the main difference between GRNY and DGRW?

GRNY is categorized as Large Cap Blend Equities, while DGRW is Large Cap Growth Equities. They also come from different issuers: Tidal ETFs and WisdomTree. Their fees differ too: 0.75% for GRNY and 0.28% for DGRW.

Which has better risk-adjusted returns?

DGRW currently has the higher Sharpe Ratio (2.12 vs 1.70), 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.