GRNY vs. ITOT
GRNY (Fundstrat Granny Shots U.S. Large Cap ETF) and ITOT (iShares Core S&P Total U.S. Stock Market ETF) are both Large Cap Blend Equities funds. GRNY is actively managed, while ITOT is passively managed. Over the past year, GRNY returned 27.55% vs 25.86% for ITOT. Their correlation of 0.92 suggests significant overlap in exposure. GRNY charges 0.75%/yr vs 0.03%/yr for ITOT.
Performance
GRNY vs. ITOT - Performance Comparison
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Returns By Period
The year-to-date returns for both investments are quite close, with GRNY having a 8.64% return and ITOT slightly higher at 8.76%.
GRNY
- 1D
- -3.10%
- 1M
- -0.74%
- YTD
- 8.64%
- 6M
- 7.00%
- 1Y
- 27.55%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
ITOT
- 1D
- -2.71%
- 1M
- 0.38%
- YTD
- 8.76%
- 6M
- 8.31%
- 1Y
- 25.86%
- 3Y*
- 21.07%
- 5Y*
- 12.18%
- 10Y*
- 14.67%
GRNY vs. ITOT - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | |
|---|---|---|---|
GRNY Fundstrat Granny Shots U.S. Large Cap ETF | 8.64% | 24.05% | -1.09% |
ITOT iShares Core S&P Total U.S. Stock Market ETF | 8.76% | 17.00% | -1.54% |
Correlation
The correlation between GRNY and ITOT is 0.90, 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 | 0.90 |
Correlation (All Time) Calculated using the full available price history since Nov 8, 2024 | 0.92 |
The correlation between GRNY and ITOT has been stable across timeframes, ranging from 0.90 to 0.92 - a consistent structural relationship.
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Return for Risk
GRNY vs. ITOT — Risk / Return Rank
GRNY
ITOT
GRNY vs. ITOT - 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 iShares Core S&P Total U.S. Stock Market ETF (ITOT). 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 | ITOT | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.53 | ||
| Sortino ratioReturn per unit of downside risk | -0.71 | ||
| Omega ratioGain probability vs. loss probability | 1.26 | 1.37 | -0.11 |
| Calmar ratioReturn relative to maximum drawdown | 2.38 | 2.92 | -0.54 |
| Martin ratioReturn relative to average drawdown | 7.26 | 13.34 | -6.08 |
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 | ITOT | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 1.55 | 2.08 | -0.53 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | — | 0.70 | — |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | — | 0.80 | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.87 | 0.57 | +0.30 |
Drawdowns
GRNY vs. ITOT - Drawdown Comparison
The maximum GRNY drawdown since its inception was -24.18%, smaller than the maximum ITOT drawdown of -55.20%. Use the drawdown chart below to compare losses from any high point for GRNY and ITOT.
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Drawdown Indicators
| GRNY | ITOT | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -24.18% | -55.20% | +31.02% |
Max Drawdown (1Y)Largest decline over 1 year | -11.63% | -8.90% | -2.73% |
Max Drawdown (3Y)Largest decline over 3 years | — | -19.44% | — |
Max Drawdown (5Y)Largest decline over 5 years | — | -25.36% | — |
Max Drawdown (10Y)Largest decline over 10 years | — | -35.00% | — |
Current DrawdownCurrent decline from peak | -3.10% | -2.95% | -0.15% |
Average DrawdownAverage peak-to-trough decline | -4.01% | -6.97% | +2.96% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 3.80% | 1.94% | +1.86% |
Volatility
GRNY vs. ITOT - Volatility Comparison
Fundstrat Granny Shots U.S. Large Cap ETF (GRNY) has a higher volatility of 5.26% compared to iShares Core S&P Total U.S. Stock Market ETF (ITOT) at 3.93%. This indicates that GRNY's price experiences larger fluctuations and is considered to be riskier than ITOT based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| GRNY | ITOT | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 5.26% | 3.93% | +1.33% |
Volatility (6M)Calculated over the trailing 6-month period | 13.08% | 9.56% | +3.52% |
Volatility (1Y)Calculated over the trailing 1-year period | 17.87% | 12.51% | +5.36% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 23.28% | 17.39% | +5.89% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 23.28% | 18.28% | +5.00% |
GRNY vs. ITOT - Expense Ratio Comparison
GRNY has a 0.75% expense ratio, which is higher than ITOT's 0.03% expense ratio.
Dividends
GRNY vs. ITOT - Dividend Comparison
GRNY has not paid dividends to shareholders, while ITOT's dividend yield for the trailing twelve months is around 1.00%.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
GRNY Fundstrat Granny Shots U.S. 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% |
ITOT iShares Core S&P Total U.S. Stock Market ETF | 1.00% | 1.11% | 1.23% | 1.47% | 1.66% | 1.18% | 1.41% | 1.88% | 2.14% | 1.69% | 1.83% | 2.01% |
Frequently Asked Questions
With a correlation of 0.90, GRNY and ITOT move almost identically. Holding both adds very little diversification - you're essentially doubling your position in the same market segment. Choosing one is usually more capital-efficient.
GRNY has higher volatility (5.26%) compared to ITOT (3.93%). In terms of maximum drawdown, GRNY dropped -24.18% vs ITOT's -55.20%.
On 1-year performance, GRNY leads with 27.55% vs 25.86% for ITOT. On fees, ITOT is cheaper at 0.03% per year. On volatility, ITOT has been the lower-risk option at 3.93%. The better choice depends on whether you care most about return, fees, risk, or income.
Over the 1-year period, GRNY has performed better with a 27.55% return vs 25.86%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.
ITOT is cheaper with a 0.03% expense ratio, compared with 0.75% for GRNY.
ITOT has the higher dividend yield at 1.00%, compared with 0.00% for GRNY.
They also come from different issuers: Tidal ETFs and iShares. Their fees differ too: 0.75% for GRNY and 0.03% for ITOT.
ITOT currently has the higher Sharpe Ratio (2.08 vs 1.55), 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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