GRNY vs. FELG

Last updated Jun 4, 2026

GRNY (Fundstrat Granny Shots US Large Cap ETF) and FELG (Fidelity Enhanced Large Cap Growth ETF) are both exchange-traded funds - GRNY is a Large Cap Blend Equities fund actively managed by Tidal ETFs, while FELG is a Large Cap Growth Equities fund actively managed by Fidelity. Both are actively managed. Over the past year, GRNY returned 29.75% vs 27.58% for FELG. Their correlation of 0.88 suggests significant overlap in exposure. GRNY charges 0.75%/yr vs 0.18%/yr for FELG.

Performance

GRNY vs. FELG - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Fundstrat Granny Shots US Large Cap ETF (GRNY) and Fidelity Enhanced Large Cap Growth ETF (FELG). 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 FELG's 7.70% return.

GRNY

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

FELG

• 1D: -1.12%
• 1M: 5.85%
• YTD: 7.70%
• 6M: 7.23%
• 1Y: 27.58%
• 3Y*: —
• 5Y*: —
• 10Y*: —

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

GRNY vs. FELG - Yearly Performance Comparison

	2026 (YTD)	2025	2024
GRNY Fundstrat Granny Shots US Large Cap ETF	11.15%	24.05%	-1.09%
FELG Fidelity Enhanced Large Cap Growth ETF	7.70%	18.44%	1.10%

Correlation

The correlation between GRNY and FELG is 0.85, indicating a strong positive relationship between their price movements. Combining them offers limited diversification - they tend to fall together during downturns.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.85
Correlation (All Time) Calculated using the full available price history since Nov 8, 2024	0.88

The correlation between GRNY and FELG has been stable across timeframes, ranging from 0.85 to 0.88 - a consistent structural relationship.

Return for Risk

GRNY vs. FELG — 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

FELG

FELG Risk / Return Rank: 44
FELG Sharpe Ratio Rank: 51
FELG Sortino Ratio Rank: 49
FELG Omega Ratio Rank: 49
FELG Calmar Ratio Rank: 34
FELG Martin Ratio Rank: 37

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. FELG - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Fundstrat Granny Shots US Large Cap ETF (GRNY) and Fidelity Enhanced Large Cap Growth ETF (FELG). 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	FELG	Difference
Sharpe ratio Return per unit of total volatility	1.70	1.79	-0.09
Sortino ratio Return per unit of downside risk	2.30	2.45	-0.15
Omega ratio Gain probability vs. loss probability	1.29	1.31	-0.02
Calmar ratio Return relative to maximum drawdown	2.57	1.71	+0.86
Martin ratio Return relative to average drawdown	7.85	5.86	+1.99
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. FELG - Sharpe Ratio Comparison

The current GRNY Sharpe Ratio is 1.70, which is comparable to the FELG Sharpe Ratio of 1.79. The chart below compares the historical Sharpe Ratios of GRNY and FELG, 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	FELG	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	1.70	1.79	-0.09
Sharpe Ratio (All Time) Calculated using the full available price history	0.96	1.32	-0.37

Drawdowns

GRNY vs. FELG - Drawdown Comparison

The maximum GRNY drawdown since its inception was -24.18%, roughly equal to the maximum FELG drawdown of -23.89%. Use the drawdown chart below to compare losses from any high point for GRNY and FELG.

Drawdown Indicators

	GRNY	FELG	Difference
Max Drawdown Largest peak-to-trough decline	-24.18%	-23.89%	-0.29%
Max Drawdown (1Y) Largest decline over 1 year	-11.63%	-16.17%	+4.54%
Current Drawdown Current decline from peak	-0.76%	-1.34%	+0.58%
Average Drawdown Average peak-to-trough decline	-4.03%	-3.52%	-0.51%
Ulcer Index Depth and duration of drawdowns from previous peaks	3.80%	4.72%	-0.92%

Volatility

GRNY vs. FELG - Volatility Comparison

Fundstrat Granny Shots US Large Cap ETF (GRNY) has a higher volatility of 4.23% compared to Fidelity Enhanced Large Cap Growth ETF (FELG) at 3.50%. This indicates that GRNY's price experiences larger fluctuations and is considered to be riskier than FELG based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	GRNY	FELG	Difference
Volatility (1M) Calculated over the trailing 1-month period	4.23%	3.50%	+0.73%
Volatility (6M) Calculated over the trailing 6-month period	12.70%	11.59%	+1.11%
Volatility (1Y) Calculated over the trailing 1-year period	17.59%	15.46%	+2.13%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	23.19%	19.89%	+3.30%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	23.19%	19.89%	+3.30%

GRNY vs. FELG - Expense Ratio Comparison

GRNY has a 0.75% expense ratio, which is higher than FELG's 0.18% expense ratio.

Dividends

GRNY vs. FELG - Dividend Comparison

GRNY has not paid dividends to shareholders, while FELG's dividend yield for the trailing twelve months is around 0.34%.

Position	TTM	2025	2024	2023
FELG Fidelity Enhanced Large Cap Growth ETF	0.34%	0.38%	0.44%	0.11%
GRNY Fundstrat Granny Shots US Large Cap ETF	0.00%	0.00%	0.00%	0.00%

Frequently Asked Questions

Can I hold both GRNY and FELG in my portfolio?

GRNY and FELG have a correlation of 0.85, 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 FELG?

GRNY has higher volatility (4.23%) compared to FELG (3.50%). In terms of maximum drawdown, GRNY dropped -24.18% vs FELG's -23.89%.

Which ETF is better, GRNY or FELG?

On 1-year performance, GRNY leads with 29.75% vs 27.58% for FELG. On fees, FELG is cheaper at 0.18% per year. On volatility, FELG has been the lower-risk option at 3.50%. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF has performed better, GRNY or FELG?

Over the 1-year period, GRNY has performed better with a 29.75% return vs 27.58%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, GRNY or FELG?

FELG is cheaper with a 0.18% expense ratio, compared with 0.75% for GRNY.

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

FELG has the higher dividend yield at 0.34%, compared with 0.00% for GRNY.

What is the main difference between GRNY and FELG?

GRNY is categorized as Large Cap Blend Equities, while FELG is Large Cap Growth Equities. They also come from different issuers: Tidal ETFs and Fidelity. Their fees differ too: 0.75% for GRNY and 0.18% for FELG.

Which has better risk-adjusted returns?

FELG currently has the higher Sharpe Ratio (1.79 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.