GRNY vs. IVES

Last updated Jun 4, 2026

GRNY (Fundstrat Granny Shots US 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. 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 US 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 11.15% return, which is significantly lower than IVES's 27.14% return.

GRNY

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

IVES

• 1D: -2.92%
• 1M: 18.28%
• YTD: 27.14%
• 6M: 24.59%
• 1Y: —
• 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 US Large Cap ETF	11.15%	16.79%
IVES Dan IVES Wedbush AI Revolution ETF	27.14%	25.06%

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 (All Time) Calculated using the full available price history since Jun 5, 2025	0.85

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: 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

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 US 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.

	GRNY	IVES	Difference
Sharpe ratio Return per unit of total volatility	1.70	—	—
Sortino ratio Return per unit of downside risk	2.30	—	—
Omega ratio Gain probability vs. loss probability	1.29	—	—
Calmar ratio Return relative to maximum drawdown	2.57	—	—
Martin ratio Return relative to average drawdown	7.85	—	—
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

Sharpe Ratios by Period

	GRNY	IVES	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	1.70	—	—
Sharpe Ratio (All Time) Calculated using the full available price history	0.96	2.32	-1.36

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%	—	—
Current Drawdown Current decline from peak	-0.76%	-3.69%	+2.93%
Average Drawdown Average peak-to-trough decline	-4.03%	-5.63%	+1.60%
Ulcer Index Depth and duration of drawdowns from previous peaks	3.80%	—	—

Volatility

Volatility by Period

	GRNY	IVES	Difference
Volatility (1M) Calculated over the trailing 1-month period	4.23%	—	—
Volatility (6M) Calculated over the trailing 6-month period	12.70%	—	—
Volatility (1Y) Calculated over the trailing 1-year period	17.59%	25.77%	-8.18%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	23.19%	25.77%	-2.58%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	23.19%	25.77%	-2.58%

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 0.33%.

Position	TTM	2025
GRNY Fundstrat Granny Shots US Large Cap ETF	0.00%	0.00%
IVES Dan IVES Wedbush AI Revolution ETF	0.33%	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 ETF is better, GRNY or IVES?

Both ETFs have the same 0.75% expense ratio. The better choice depends on whether you care most about return, fees, risk, or income.

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 0.33%, 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.