GRNY vs. PGR
GRNY (Fundstrat Granny Shots U.S. Large Cap ETF) is Large Cap Blend Equities fund actively managed by Tidal ETFs, while PGR (The Progressive Corporation) is a stock. Over the past year, GRNY returned 17.27% vs -8.28% for PGR. At a correlation of -0.08, they often move in opposite directions.
Performance
GRNY vs. PGR - Performance Comparison
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Returns By Period
In the year-to-date period, GRNY achieves a 9.98% return, which is significantly higher than PGR's -0.79% return.
GRNY
- 1D
- -0.37%
- 1M
- -0.94%
- 6M
- 5.26%
- YTD
- 9.98%
- 1Y
- 17.27%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
- ALL TIME*
- 19.76%
PGR
- 1D
- 2.06%
- 1M
- 3.64%
- 6M
- 4.97%
- YTD
- -0.79%
- 1Y
- -8.28%
- 3Y*
- 23.12%
- 5Y*
- 20.34%
- 10Y*
- 23.82%
- ALL TIME*
- 16.86%
GRNY vs. PGR - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | |
|---|---|---|---|
GRNY Fundstrat Granny Shots U.S. Large Cap ETF | 9.98% | 24.05% | -0.45% |
PGR The Progressive Corporation | -0.79% | -3.02% | -7.40% |
Correlation
The correlation between GRNY and PGR is -0.25, meaning they tend to move in opposite directions. This is especially valuable for risk management - when one declines, the other has historically tended to hold steady or rise.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | -0.25 |
Correlation (All Time) Calculated using the full available price history since Nov 7, 2024 | -0.08 |
The correlation between GRNY and PGR shifts across timeframes, from -0.25 (1 year) to -0.08 (all time), reflecting how their relationship changes across market environments.
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Return for Risk
GRNY vs. PGR — Risk / Return Rank
GRNY
PGR
GRNY vs. PGR - 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 The Progressive Corporation (PGR). 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 | PGR | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +1.29 | ||
| Sortino ratioReturn per unit of downside risk | +1.67 | ||
| Omega ratioGain probability vs. loss probability | 1.17 | 0.96 | +0.21 |
| Calmar ratioReturn relative to maximum drawdown | 1.49 | -0.42 | +1.91 |
| Martin ratioReturn relative to average drawdown | 4.48 | -0.71 | +5.19 |
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Drawdowns
GRNY vs. PGR - Drawdown Comparison
The maximum GRNY drawdown since its inception was -24.18%, smaller than the maximum PGR drawdown of -71.06%. Use the drawdown chart below to compare losses from any high point for GRNY and PGR.
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Drawdown Indicators
| GRNY | PGR | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -24.18% | -71.06% | +46.88% |
Max Drawdown (1Y)Largest decline over 1 year | -11.63% | -19.79% | +8.16% |
Max Drawdown (3Y)Largest decline over 3 years | — | -30.35% | — |
Max Drawdown (5Y)Largest decline over 5 years | — | -30.35% | — |
Max Drawdown (10Y)Largest decline over 10 years | — | -30.35% | — |
Current DrawdownCurrent decline from peak | -2.68% | -22.33% | +19.65% |
Average DrawdownAverage peak-to-trough decline | -3.84% | -14.55% | +10.71% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 3.86% | 11.71% | -7.85% |
Volatility
GRNY vs. PGR - Volatility Comparison
The current volatility for Fundstrat Granny Shots U.S. Large Cap ETF (GRNY) is 4.09%, while The Progressive Corporation (PGR) has a volatility of 14.04%. This indicates that GRNY experiences smaller price fluctuations and is considered to be less risky than PGR based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| GRNY | PGR | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 4.09% | 14.04% | -9.95% |
Volatility (6M)Calculated over the trailing 6-month period | 13.02% | 20.19% | -7.17% |
Volatility (1Y)Calculated over the trailing 1-year period | 18.06% | 25.34% | -7.28% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 22.80% | 25.16% | -2.36% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 22.80% | 24.79% | -1.99% |
Dividends
GRNY vs. PGR - Dividend Comparison
GRNY's dividend yield for the trailing twelve months is around 0.07%, less than PGR's 6.55% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
GRNY Fundstrat Granny Shots U.S. Large Cap ETF | 0.07% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
PGR The Progressive Corporation | 6.55% | 2.15% | 0.48% | 0.25% | 0.31% | 6.23% | 2.68% | 3.89% | 1.86% | 1.21% | 2.50% | 2.16% |
Frequently Asked Questions
GRNY and PGR have a correlation of -0.25, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
PGR has higher volatility (14.04%) compared to GRNY (4.09%). In terms of maximum drawdown, GRNY dropped -24.18% vs PGR's -71.06%.
GRNY currently has the higher Sharpe Ratio (0.96 vs -0.33), 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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