GRNY vs. SPMO

Last updated Jun 3, 2026

GRNY (Fundstrat Granny Shots US Large Cap ETF) and SPMO (Invesco S&P 500 Momentum ETF) are both exchange-traded funds - GRNY is a Large Cap Blend Equities fund actively managed by Tidal ETFs, while SPMO is a Momentum fund tracking the S&P 500 Momentum Index. GRNY is actively managed, while SPMO is passively managed. Over the past year, GRNY returned 32.11% vs 46.28% for SPMO. Their correlation of 0.90 suggests significant overlap in exposure. GRNY charges 0.75%/yr vs 0.13%/yr for SPMO.

Performance

GRNY vs. SPMO - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Fundstrat Granny Shots US Large Cap ETF (GRNY) and Invesco S&P 500 Momentum ETF (SPMO). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, GRNY achieves a 12.00% return, which is significantly lower than SPMO's 29.70% return.

GRNY

• 1D: 0.18%
• 1M: 3.86%
• YTD: 12.00%
• 6M: 11.59%
• 1Y: 32.11%
• 3Y*: —
• 5Y*: —
• 10Y*: —

SPMO

• 1D: 1.31%
• 1M: 14.80%
• YTD: 29.70%
• 6M: 30.19%
• 1Y: 46.28%
• 3Y*: 42.80%
• 5Y*: 24.51%
• 10Y*: 20.89%

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

GRNY vs. SPMO - Yearly Performance Comparison

	2026 (YTD)	2025	2024
GRNY Fundstrat Granny Shots US Large Cap ETF	12.00%	24.05%	-1.09%
SPMO Invesco S&P 500 Momentum ETF	29.70%	26.58%	-0.87%

Correlation

The correlation between GRNY and SPMO is 0.88, 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	0.88
Correlation (All Time) Calculated using the full available price history since Nov 8, 2024	0.90

The correlation between GRNY and SPMO has been stable across timeframes, ranging from 0.88 to 0.90 - a consistent structural relationship.

Return for Risk

GRNY vs. SPMO — Risk / Return Rank

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

GRNY

GRNY Risk / Return Rank: 52
GRNY Sharpe Ratio Rank: 53
GRNY Sortino Ratio Rank: 50
GRNY Omega Ratio Rank: 49
GRNY Calmar Ratio Rank: 57
GRNY Martin Ratio Rank: 51

SPMO

SPMO Risk / Return Rank: 77
SPMO Sharpe Ratio Rank: 80
SPMO Sortino Ratio Rank: 78
SPMO Omega Ratio Rank: 78
SPMO Calmar Ratio Rank: 74
SPMO Martin Ratio Rank: 76

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. SPMO - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Fundstrat Granny Shots US Large Cap ETF (GRNY) and Invesco S&P 500 Momentum ETF (SPMO). 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	SPMO	Difference
Sharpe ratio Return per unit of total volatility	1.84	2.64	-0.80
Sortino ratio Return per unit of downside risk	2.45	3.55	-1.10
Omega ratio Gain probability vs. loss probability	1.31	1.47	-0.16
Calmar ratio Return relative to maximum drawdown	2.86	3.76	-0.90
Martin ratio Return relative to average drawdown	8.75	14.67	-5.92
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

GRNY vs. SPMO - Sharpe Ratio Comparison

The current GRNY Sharpe Ratio is 1.84, which is lower than the SPMO Sharpe Ratio of 2.64. The chart below compares the historical Sharpe Ratios of GRNY and SPMO, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Sharpe Ratios by Period

	GRNY	SPMO	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	1.84	2.64	-0.80
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	—	1.28	—
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	—	1.03	—
Sharpe Ratio (All Time) Calculated using the full available price history	0.98	1.01	-0.03

Drawdowns

GRNY vs. SPMO - Drawdown Comparison

The maximum GRNY drawdown since its inception was -24.18%, smaller than the maximum SPMO drawdown of -30.95%. Use the drawdown chart below to compare losses from any high point for GRNY and SPMO.

Drawdown Indicators

	GRNY	SPMO	Difference
Max Drawdown Largest peak-to-trough decline	-24.18%	-30.95%	+6.77%
Max Drawdown (1Y) Largest decline over 1 year	-11.63%	-12.70%	+1.07%
Max Drawdown (3Y) Largest decline over 3 years	—	-20.13%	—
Max Drawdown (5Y) Largest decline over 5 years	—	-22.74%	—
Max Drawdown (10Y) Largest decline over 10 years	—	-30.95%	—
Current Drawdown Current decline from peak	0.00%	0.00%	0.00%
Average Drawdown Average peak-to-trough decline	-4.04%	-4.60%	+0.56%
Ulcer Index Depth and duration of drawdowns from previous peaks	3.80%	3.26%	+0.54%

Volatility

GRNY vs. SPMO - Volatility Comparison

The current volatility for Fundstrat Granny Shots US Large Cap ETF (GRNY) is 4.14%, while Invesco S&P 500 Momentum ETF (SPMO) has a volatility of 7.38%. This indicates that GRNY experiences smaller price fluctuations and is considered to be less risky than SPMO based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	GRNY	SPMO	Difference
Volatility (1M) Calculated over the trailing 1-month period	4.14%	7.38%	-3.24%
Volatility (6M) Calculated over the trailing 6-month period	12.72%	14.44%	-1.72%
Volatility (1Y) Calculated over the trailing 1-year period	17.58%	17.65%	-0.07%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	23.21%	19.31%	+3.90%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	23.21%	20.31%	+2.90%

GRNY vs. SPMO - Expense Ratio Comparison

GRNY has a 0.75% expense ratio, which is higher than SPMO's 0.13% expense ratio.

Dividends

GRNY vs. SPMO - Dividend Comparison

GRNY has not paid dividends to shareholders, while SPMO's dividend yield for the trailing twelve months is around 0.66%.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
GRNY Fundstrat Granny Shots US 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%
SPMO Invesco S&P 500 Momentum ETF	0.66%	0.73%	0.48%	1.63%	1.66%	0.52%	1.27%	1.39%	1.05%	0.77%	1.94%	0.36%

Frequently Asked Questions

Can I hold both GRNY and SPMO in my portfolio?

GRNY and SPMO have a correlation of 0.88, 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 SPMO?

SPMO has higher volatility (7.38%) compared to GRNY (4.14%). In terms of maximum drawdown, GRNY dropped -24.18% vs SPMO's -30.95%.

Which ETF is better, GRNY or SPMO?

On 1-year performance, SPMO leads with 46.28% vs 32.11% for GRNY. On fees, SPMO is cheaper at 0.13% per year. On volatility, GRNY has been the lower-risk option at 4.14%. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF has performed better, GRNY or SPMO?

Over the 1-year period, SPMO has performed better with a 46.28% return vs 32.11%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, GRNY or SPMO?

SPMO is cheaper with a 0.13% expense ratio, compared with 0.75% for GRNY.

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

SPMO has the higher dividend yield at 0.66%, compared with 0.00% for GRNY.

What is the main difference between GRNY and SPMO?

GRNY is categorized as Large Cap Blend Equities, while SPMO is Momentum. They also come from different issuers: Tidal ETFs and Invesco. Their fees differ too: 0.75% for GRNY and 0.13% for SPMO.

Which has better risk-adjusted returns?

SPMO currently has the higher Sharpe Ratio (2.64 vs 1.84), 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.