GRNY vs. SCHX

Last updated Jun 24, 2026

GRNY (Fundstrat Granny Shots U.S. Large Cap ETF) and SCHX (Schwab U.S. Large-Cap ETF) are both Large Cap Blend Equities funds. GRNY is actively managed, while SCHX is passively managed. Over the past year, GRNY returned 24.50% vs 23.07% for SCHX. Their correlation of 0.92 suggests significant overlap in exposure. GRNY charges 0.75%/yr vs 0.03%/yr for SCHX.

Performance

GRNY vs. SCHX - 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 Schwab U.S. Large-Cap ETF (SCHX). 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 higher than SCHX's 8.04% return.

GRNY

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

SCHX

• 1D: -1.29%
• 1M: -1.16%
• YTD: 8.04%
• 6M: 7.00%
• 1Y: 23.07%
• 3Y*: 20.75%
• 5Y*: 12.44%
• 10Y*: 15.47%

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

GRNY vs. SCHX - Yearly Performance Comparison

	2026 (YTD)	2025	2024
GRNY Fundstrat Granny Shots U.S. Large Cap ETF	9.17%	24.05%	-0.45%
SCHX Schwab U.S. Large-Cap ETF	8.04%	17.46%	-0.57%

Correlation

The correlation between GRNY and SCHX 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 7, 2024	0.92

The correlation between GRNY and SCHX has been stable across timeframes, ranging from 0.90 to 0.92 - a consistent structural relationship.

Return for Risk

GRNY vs. SCHX — 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

SCHX

SCHX Risk / Return Rank: 56
SCHX Sharpe Ratio Rank: 56
SCHX Sortino Ratio Rank: 54
SCHX Omega Ratio Rank: 55
SCHX Calmar Ratio Rank: 54
SCHX Martin Ratio Rank: 64

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. SCHX - 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 Schwab U.S. Large-Cap ETF (SCHX). 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	SCHX	Difference
Sharpe ratio: Return per unit of total volatility	1.36	1.84	-0.47
Sortino ratio: Return per unit of downside risk	1.87	2.51	-0.64
Omega ratio: Gain probability vs. loss probability	1.23	1.33	-0.10
Calmar ratio: Return relative to maximum drawdown	2.12	2.57	-0.45
Martin ratio: Return relative to average drawdown	6.40	11.26	-4.86

GRNY vs. SCHX - Sharpe Ratio Comparison

The current GRNY Sharpe Ratio is 1.36, which is comparable to the SCHX Sharpe Ratio of 1.84. The chart below compares the historical Sharpe Ratios of GRNY and SCHX, 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. SCHX - Drawdown Comparison

The maximum GRNY drawdown since its inception was -24.18%, smaller than the maximum SCHX drawdown of -34.33%. Use the drawdown chart below to compare losses from any high point for GRNY and SCHX.

Drawdown Indicators

	GRNY	SCHX	Difference
Max Drawdown Largest peak-to-trough decline	-24.18%	-34.33%	+10.15%
Max Drawdown (1Y) Largest decline over 1 year	-11.63%	-9.02%	-2.61%
Max Drawdown (3Y) Largest decline over 3 years	—	-19.04%	—
Max Drawdown (5Y) Largest decline over 5 years	—	-25.41%	—
Max Drawdown (10Y) Largest decline over 10 years	—	-34.33%	—
Current Drawdown Current decline from peak	-2.63%	-3.11%	+0.48%
Average Drawdown Average peak-to-trough decline	-3.95%	-3.96%	+0.01%
Ulcer Index Depth and duration of drawdowns from previous peaks	3.84%	2.05%	+1.79%

Volatility

GRNY vs. SCHX - Volatility Comparison

Fundstrat Granny Shots U.S. Large Cap ETF (GRNY) has a higher volatility of 5.45% compared to Schwab U.S. Large-Cap ETF (SCHX) at 4.89%. This indicates that GRNY's price experiences larger fluctuations and is considered to be riskier than SCHX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	GRNY	SCHX	Difference
Volatility (1M) Calculated over the trailing 1-month period	5.45%	4.89%	+0.56%
Volatility (6M) Calculated over the trailing 6-month period	13.01%	9.94%	+3.07%
Volatility (1Y) Calculated over the trailing 1-year period	18.09%	12.65%	+5.44%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	23.13%	17.23%	+5.90%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	23.13%	18.16%	+4.97%

GRNY vs. SCHX - Expense Ratio Comparison

GRNY has a 0.75% expense ratio, which is higher than SCHX's 0.03% expense ratio.

Dividends

GRNY vs. SCHX - Dividend Comparison

GRNY has not paid dividends to shareholders, while SCHX's dividend yield for the trailing twelve months is around 1.03%.

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%
SCHX Schwab U.S. Large-Cap ETF	1.03%	1.09%	1.22%	1.39%	1.64%	1.22%	1.64%	1.82%	2.02%	1.70%	1.92%	2.04%

Frequently Asked Questions

Can I hold both GRNY and SCHX in my portfolio?

With a correlation of 0.90, GRNY and SCHX 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.

Which is riskier, GRNY or SCHX?

GRNY has higher volatility (5.45%) compared to SCHX (4.89%). In terms of maximum drawdown, GRNY dropped -24.18% vs SCHX's -34.33%.

Which ETF is better, GRNY or SCHX?

On 1-year performance, GRNY leads with 24.50% vs 23.07% for SCHX. On fees, SCHX is cheaper at 0.03% per year. On volatility, SCHX has been the lower-risk option at 4.89%. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF has performed better, GRNY or SCHX?

Over the 1-year period, GRNY has performed better with a 24.50% return vs 23.07%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, GRNY or SCHX?

SCHX is cheaper with a 0.03% expense ratio, compared with 0.75% for GRNY.

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

SCHX has the higher dividend yield at 1.03%, compared with 0.00% for GRNY.

What is the main difference between GRNY and SCHX?

They also come from different issuers: Tidal ETFs and Charles Schwab. Their fees differ too: 0.75% for GRNY and 0.03% for SCHX.

Which has better risk-adjusted returns?

SCHX currently has the higher Sharpe Ratio (1.84 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.