GRNY vs. IVES

Last updated Jun 24, 2026

GRNY (Fundstrat Granny Shots U.S. Large Cap ETF) and IVES (Dan IVES Wedbush AI Revolution ETF) are both exchange-traded funds - GRNY is a Large Cap Blend Equities fund actively managed by Tidal ETFs, while IVES is a Technology Equities fund tracking the Solactive Wedbush Artificial Intelligence Index. GRNY is actively managed, while IVES is passively managed. Over the past year, GRNY returned 24.50% vs 40.84% for IVES. Their correlation of 0.85 suggests significant overlap in exposure. Both charge a 0.75% expense ratio.

Performance

GRNY vs. IVES - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Fundstrat Granny Shots U.S. Large Cap ETF (GRNY) and Dan IVES Wedbush AI Revolution ETF (IVES). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, GRNY achieves a 9.17% return, which is significantly lower than IVES's 15.94% return.

GRNY

• 1D: -1.64%
• 1M: -0.15%
• YTD: 9.17%
• 6M: 7.05%
• 1Y: 24.50%
• 3Y*: —
• 5Y*: —
• 10Y*: —

IVES

• 1D: -2.42%
• 1M: -1.61%
• YTD: 15.94%
• 6M: 13.43%
• 1Y: 40.84%
• 3Y*: —
• 5Y*: —
• 10Y*: —

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

GRNY vs. IVES - Yearly Performance Comparison

	2026 (YTD)	2025
GRNY Fundstrat Granny Shots U.S. Large Cap ETF	9.17%	16.74%
IVES Dan IVES Wedbush AI Revolution ETF	15.94%	25.11%

Correlation

The correlation between GRNY and IVES 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 Jun 4, 2025	0.85

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

Return for Risk

GRNY vs. IVES — Risk / Return Rank

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

GRNY

GRNY Risk / Return Rank: 40
GRNY Sharpe Ratio Rank: 40
GRNY Sortino Ratio Rank: 37
GRNY Omega Ratio Rank: 36
GRNY Calmar Ratio Rank: 44
GRNY Martin Ratio Rank: 41

IVES

IVES Risk / Return Rank: 40
IVES Sharpe Ratio Rank: 45
IVES Sortino Ratio Rank: 41
IVES Omega Ratio Rank: 41
IVES Calmar Ratio Rank: 37
IVES Martin Ratio Rank: 34

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. IVES - 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 Dan IVES Wedbush AI Revolution ETF (IVES). 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	IVES	Difference
Sharpe ratio: Return per unit of total volatility	1.36	1.51	-0.15
Sortino ratio: Return per unit of downside risk	1.87	2.03	-0.16
Omega ratio: Gain probability vs. loss probability	1.23	1.26	-0.03
Calmar ratio: Return relative to maximum drawdown	2.12	1.81	+0.30
Martin ratio: Return relative to average drawdown	6.40	4.94	+1.46

GRNY vs. IVES - Sharpe Ratio Comparison

The current GRNY Sharpe Ratio is 1.36, which is comparable to the IVES Sharpe Ratio of 1.51. The chart below compares the historical Sharpe Ratios of GRNY and IVES, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Drawdowns

GRNY vs. IVES - Drawdown Comparison

The maximum GRNY drawdown since its inception was -24.18%, which is greater than IVES's maximum drawdown of -22.64%. Use the drawdown chart below to compare losses from any high point for GRNY and IVES.

Drawdown Indicators

	GRNY	IVES	Difference
Max Drawdown Largest peak-to-trough decline	-24.18%	-22.64%	-1.54%
Max Drawdown (1Y) Largest decline over 1 year	-11.63%	-22.64%	+11.01%
Current Drawdown Current decline from peak	-2.63%	-12.17%	+9.54%
Average Drawdown Average peak-to-trough decline	-3.95%	-5.83%	+1.88%
Ulcer Index Depth and duration of drawdowns from previous peaks	3.84%	8.28%	-4.44%

Volatility

GRNY vs. IVES - Volatility Comparison

The current volatility for Fundstrat Granny Shots U.S. Large Cap ETF (GRNY) is 5.45%, while Dan IVES Wedbush AI Revolution ETF (IVES) has a volatility of 11.75%. This indicates that GRNY experiences smaller price fluctuations and is considered to be less risky than IVES based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	GRNY	IVES	Difference
Volatility (1M) Calculated over the trailing 1-month period	5.45%	11.75%	-6.30%
Volatility (6M) Calculated over the trailing 6-month period	13.01%	21.34%	-8.33%
Volatility (1Y) Calculated over the trailing 1-year period	18.09%	27.10%	-9.01%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	23.13%	26.66%	-3.53%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	23.13%	26.66%	-3.53%

GRNY vs. IVES - Expense Ratio Comparison

Both GRNY and IVES have an expense ratio of 0.75%.

Dividends

GRNY vs. IVES - Dividend Comparison

GRNY has not paid dividends to shareholders, while IVES's dividend yield for the trailing twelve months is around 0.36%.

Position	TTM	2025
GRNY Fundstrat Granny Shots U.S. Large Cap ETF	0.00%	0.00%
IVES Dan IVES Wedbush AI Revolution ETF	0.36%	0.41%

Frequently Asked Questions

Can I hold both GRNY and IVES in my portfolio?

GRNY and IVES 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 IVES?

IVES has higher volatility (11.75%) compared to GRNY (5.45%). In terms of maximum drawdown, GRNY dropped -24.18% vs IVES's -22.64%.

Which ETF is better, GRNY or IVES?

On 1-year performance, IVES leads with 40.84% vs 24.50% for GRNY. Both ETFs have the same 0.75% expense ratio. On volatility, GRNY has been the lower-risk option at 5.45%. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF has performed better, GRNY or IVES?

Over the 1-year period, IVES has performed better with a 40.84% return vs 24.50%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, GRNY or IVES?

GRNY and IVES have the same expense ratio: 0.75% per year.

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

IVES has the higher dividend yield at 0.36%, compared with 0.00% for GRNY.

What is the main difference between GRNY and IVES?

GRNY is categorized as Large Cap Blend Equities, while IVES is Technology Equities. They also come from different issuers: Tidal ETFs and Wedbush.

Which has better risk-adjusted returns?

IVES currently has the higher Sharpe Ratio (1.51 vs 1.36), 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.