GRNY vs. FTEC
Compare and contrast key facts about Fundstrat Granny Shots US Large Cap ETF (GRNY) and Fidelity MSCI Information Technology Index ETF (FTEC).
GRNY and FTEC are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. GRNY is an actively managed fund by Tidal ETFs. It was launched on Nov 7, 2024. FTEC is a passively managed fund by Fidelity that tracks the performance of the MSCI USA IMI Information Technology 25/50 Index. It was launched on Oct 21, 2013.
Performance
GRNY vs. FTEC - Performance Comparison
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GRNY vs. FTEC - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | |
|---|---|---|---|
GRNY Fundstrat Granny Shots US Large Cap ETF | -2.95% | 24.05% | -1.09% |
FTEC Fidelity MSCI Information Technology Index ETF | -6.12% | 22.11% | -0.49% |
Returns By Period
In the year-to-date period, GRNY achieves a -2.95% return, which is significantly higher than FTEC's -6.12% return.
GRNY
- 1D
- 0.67%
- 1M
- -4.26%
- YTD
- -2.95%
- 6M
- -4.49%
- 1Y
- 30.67%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
FTEC
- 1D
- 1.28%
- 1M
- -3.61%
- YTD
- -6.12%
- 6M
- -5.70%
- 1Y
- 30.17%
- 3Y*
- 23.47%
- 5Y*
- 15.05%
- 10Y*
- 21.28%
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GRNY vs. FTEC - Expense Ratio Comparison
GRNY has a 0.75% expense ratio, which is higher than FTEC's 0.08% expense ratio.
Return for Risk
GRNY vs. FTEC — Risk / Return Rank
GRNY
FTEC
GRNY vs. FTEC - 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 MSCI Information Technology Index ETF (FTEC). 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 | FTEC | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | 1.26 | 1.10 | +0.16 |
Sortino ratioReturn per unit of downside risk | 1.86 | 1.69 | +0.17 |
Omega ratioGain probability vs. loss probability | 1.26 | 1.24 | +0.02 |
Calmar ratioReturn relative to maximum drawdown | 2.41 | 1.92 | +0.49 |
Martin ratioReturn relative to average drawdown | 7.89 | 5.93 | +1.97 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
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Sharpe Ratios by Period
| GRNY | FTEC | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 1.26 | 1.10 | +0.16 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | — | 0.60 | — |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | — | 0.87 | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.56 | 0.86 | -0.29 |
Correlation
The correlation between GRNY and FTEC is 0.90, which is considered to be high. That indicates a strong positive relationship between their price movements. Having highly-correlated positions in a portfolio may signal a lack of diversification, potentially leading to increased risk during market downturns.
Dividends
GRNY vs. FTEC - Dividend Comparison
GRNY has not paid dividends to shareholders, while FTEC's dividend yield for the trailing twelve months is around 0.45%.
| TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
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% |
FTEC Fidelity MSCI Information Technology Index ETF | 0.45% | 0.43% | 0.49% | 0.77% | 0.93% | 0.63% | 0.83% | 1.03% | 1.20% | 0.96% | 1.25% | 1.27% |
Drawdowns
GRNY vs. FTEC - Drawdown Comparison
The maximum GRNY drawdown since its inception was -24.18%, smaller than the maximum FTEC drawdown of -34.95%. Use the drawdown chart below to compare losses from any high point for GRNY and FTEC.
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Drawdown Indicators
| GRNY | FTEC | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -24.18% | -34.95% | +10.77% |
Max Drawdown (1Y)Largest decline over 1 year | -13.36% | -16.26% | +2.90% |
Max Drawdown (5Y)Largest decline over 5 years | — | -34.95% | — |
Max Drawdown (10Y)Largest decline over 10 years | — | -34.95% | — |
Current DrawdownCurrent decline from peak | -8.39% | -11.53% | +3.14% |
Average DrawdownAverage peak-to-trough decline | -4.33% | -5.61% | +1.28% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 4.08% | 5.27% | -1.19% |
Volatility
GRNY vs. FTEC - Volatility Comparison
The current volatility for Fundstrat Granny Shots US Large Cap ETF (GRNY) is 6.27%, while Fidelity MSCI Information Technology Index ETF (FTEC) has a volatility of 8.01%. This indicates that GRNY experiences smaller price fluctuations and is considered to be less risky than FTEC based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| GRNY | FTEC | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 6.27% | 8.01% | -1.74% |
Volatility (6M)Calculated over the trailing 6-month period | 14.35% | 16.40% | -2.05% |
Volatility (1Y)Calculated over the trailing 1-year period | 24.51% | 27.53% | -3.02% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 24.00% | 25.11% | -1.11% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 24.00% | 24.57% | -0.57% |