GRNY vs. IWM
GRNY (Fundstrat Granny Shots U.S. Large Cap ETF) and IWM (iShares Russell 2000 ETF) are both exchange-traded funds - GRNY is a Large Cap Blend Equities fund actively managed by Tidal ETFs, while IWM is a Small Cap Blend Equities fund tracking the Russell 2000 Index. GRNY is actively managed, while IWM is passively managed. Over the past year, GRNY returned 26.59% vs 35.52% for IWM. A 0.79 correlation means they provide meaningful diversification when combined. GRNY charges 0.75%/yr vs 0.19%/yr for IWM.
Performance
GRNY vs. IWM - Performance Comparison
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Returns By Period
In the year-to-date period, GRNY achieves a 9.21% return, which is significantly lower than IWM's 15.62% return.
GRNY
- 1D
- 0.52%
- 1M
- 0.19%
- YTD
- 9.21%
- 6M
- 7.56%
- 1Y
- 26.59%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
IWM
- 1D
- 0.87%
- 1M
- -0.02%
- YTD
- 15.62%
- 6M
- 13.83%
- 1Y
- 35.52%
- 3Y*
- 16.64%
- 5Y*
- 5.48%
- 10Y*
- 10.78%
GRNY vs. IWM - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | |
|---|---|---|---|
GRNY Fundstrat Granny Shots U.S. Large Cap ETF | 9.21% | 24.05% | -1.09% |
IWM iShares Russell 2000 ETF | 15.62% | 12.66% | -6.25% |
Correlation
The correlation between GRNY and IWM is 0.76, which is moderate. They share some common price drivers but move independently often enough to provide real diversification benefit when combined.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.76 |
Correlation (All Time) Calculated using the full available price history since Nov 8, 2024 | 0.79 |
The correlation between GRNY and IWM has been stable across timeframes, ranging from 0.76 to 0.79 - a consistent structural relationship.
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Return for Risk
GRNY vs. IWM — Risk / Return Rank
GRNY
IWM
GRNY vs. IWM - 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 Russell 2000 ETF (IWM). 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 | IWM | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.33 | ||
| Sortino ratioReturn per unit of downside risk | -0.51 | ||
| Omega ratioGain probability vs. loss probability | 1.26 | 1.30 | -0.05 |
| Calmar ratioReturn relative to maximum drawdown | 2.30 | 3.24 | -0.94 |
| Martin ratioReturn relative to average drawdown | 7.00 | 11.44 | -4.44 |
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 | IWM | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 1.50 | 1.83 | -0.33 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | — | 0.24 | — |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | — | 0.47 | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.89 | 0.36 | +0.52 |
Drawdowns
GRNY vs. IWM - Drawdown Comparison
The maximum GRNY drawdown since its inception was -24.18%, smaller than the maximum IWM drawdown of -59.05%. Use the drawdown chart below to compare losses from any high point for GRNY and IWM.
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Drawdown Indicators
| GRNY | IWM | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -24.18% | -59.05% | +34.87% |
Max Drawdown (1Y)Largest decline over 1 year | -11.63% | -11.03% | -0.60% |
Max Drawdown (3Y)Largest decline over 3 years | — | -27.50% | — |
Max Drawdown (5Y)Largest decline over 5 years | — | -31.91% | — |
Max Drawdown (10Y)Largest decline over 10 years | — | -41.13% | — |
Current DrawdownCurrent decline from peak | -2.59% | -2.71% | +0.12% |
Average DrawdownAverage peak-to-trough decline | -4.01% | -10.76% | +6.75% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 3.81% | 3.11% | +0.70% |
Volatility
GRNY vs. IWM - Volatility Comparison
The current volatility for Fundstrat Granny Shots U.S. Large Cap ETF (GRNY) is 5.02%, while iShares Russell 2000 ETF (IWM) has a volatility of 6.52%. This indicates that GRNY experiences smaller price fluctuations and is considered to be less risky than IWM based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| GRNY | IWM | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 5.02% | 6.52% | -1.50% |
Volatility (6M)Calculated over the trailing 6-month period | 13.09% | 14.00% | -0.91% |
Volatility (1Y)Calculated over the trailing 1-year period | 17.86% | 19.53% | -1.67% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 23.25% | 22.58% | +0.67% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 23.25% | 23.07% | +0.18% |
GRNY vs. IWM - Expense Ratio Comparison
GRNY has a 0.75% expense ratio, which is higher than IWM's 0.19% expense ratio.
Dividends
GRNY vs. IWM - Dividend Comparison
GRNY has not paid dividends to shareholders, while IWM's dividend yield for the trailing twelve months is around 0.89%.
| 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% |
IWM iShares Russell 2000 ETF | 0.89% | 1.04% | 1.15% | 1.35% | 1.48% | 0.94% | 1.04% | 1.26% | 1.40% | 1.26% | 1.38% | 1.54% |
Frequently Asked Questions
GRNY and IWM have a correlation of 0.76, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
IWM has higher volatility (6.52%) compared to GRNY (5.02%). In terms of maximum drawdown, GRNY dropped -24.18% vs IWM's -59.05%.
On 1-year performance, IWM leads with 35.52% vs 26.59% for GRNY. On fees, IWM is cheaper at 0.19% per year. On volatility, GRNY has been the lower-risk option at 5.02%. The better choice depends on whether you care most about return, fees, risk, or income.
Over the 1-year period, IWM has performed better with a 35.52% return vs 26.59%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.
IWM is cheaper with a 0.19% expense ratio, compared with 0.75% for GRNY.
IWM has the higher dividend yield at 0.89%, compared with 0.00% for GRNY.
GRNY is categorized as Large Cap Blend Equities, while IWM is Small Cap Blend Equities. They also come from different issuers: Tidal ETFs and iShares. Their fees differ too: 0.75% for GRNY and 0.19% for IWM.
IWM currently has the higher Sharpe Ratio (1.83 vs 1.50), 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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