GRNY vs. THLV

Last updated Apr 2, 2026

Compare and contrast key facts about Fundstrat Granny Shots US Large Cap ETF (GRNY) and THOR Equal Weight Low Volatility ETF (THLV).

GRNY and THLV are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. GRNY is an actively managed fund by Tidal ETFs. It was launched on Nov 7, 2024. THLV is a passively managed fund by THOR that tracks the performance of the THOR Equal Weight Low Volatility Index. It was launched on Sep 12, 2022.

Performance

GRNY vs. THLV - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Fundstrat Granny Shots US Large Cap ETF (GRNY) and THOR Equal Weight Low Volatility ETF (THLV). The values are adjusted to include any dividend payments, if applicable.

GRNY vs. THLV - Yearly Performance Comparison

	2026 (YTD)	2025	2024
GRNY Fundstrat Granny Shots US Large Cap ETF	-2.95%	24.05%	-1.09%
THLV THOR Equal Weight Low Volatility ETF	6.72%	10.50%	-3.96%

Returns By Period

In the year-to-date period, GRNY achieves a -2.95% return, which is significantly lower than THLV's 6.72% return.

GRNY

• 1D: 0.67%
• 1M: -4.26%
• YTD: -2.95%
• 6M: -4.49%
• 1Y: 30.67%
• 3Y*: —
• 5Y*: —
• 10Y*: —

THLV

• 1D: -0.09%
• 1M: -4.34%
• YTD: 6.72%
• 6M: 7.72%
• 1Y: 20.34%
• 3Y*: 11.17%
• 5Y*: —
• 10Y*: —

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

GRNY vs. THLV - Expense Ratio Comparison

GRNY has a 0.75% expense ratio, which is higher than THLV's 0.64% expense ratio.

GRNY

Fundstrat Granny Shots US Large Cap ETF

THLV

THOR Equal Weight Low Volatility ETF

Return for Risk

GRNY vs. THLV — Risk / Return Rank

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

GRNY

GRNY Risk / Return Rank: 73
GRNY Sharpe Ratio Rank: 69
GRNY Sortino Ratio Rank: 72
GRNY Omega Ratio Rank: 68
GRNY Calmar Ratio Rank: 82
GRNY Martin Ratio Rank: 73

THLV

THLV Risk / Return Rank: 86
THLV Sharpe Ratio Rank: 86
THLV Sortino Ratio Rank: 88
THLV Omega Ratio Rank: 82
THLV Calmar Ratio Rank: 87
THLV Martin Ratio Rank: 85

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. THLV - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Fundstrat Granny Shots US Large Cap ETF (GRNY) and THOR Equal Weight Low Volatility ETF (THLV). 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	THLV	Difference
Sharpe ratio Return per unit of total volatility	1.26	1.81	-0.55
Sortino ratio Return per unit of downside risk	1.86	2.53	-0.67
Omega ratio Gain probability vs. loss probability	1.26	1.34	-0.08
Calmar ratio Return relative to maximum drawdown	2.41	3.00	-0.59
Martin ratio Return relative to average drawdown	7.89	10.82	-2.93
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. THLV - Sharpe Ratio Comparison

The current GRNY Sharpe Ratio is 1.26, which is lower than the THLV Sharpe Ratio of 1.81. The chart below compares the historical Sharpe Ratios of GRNY and THLV, offering insights into how both investments have performed under varying market conditions. These values are calculated using daily returns over the previous 12 months.

Sharpe Ratios by Period

	GRNY	THLV	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	1.26	1.81	-0.55
Sharpe Ratio (All Time) Calculated using the full available price history	0.56	0.85	-0.29

Correlation

The correlation between GRNY and THLV is 0.63, which is considered to be moderate. This suggests that the two assets have some degree of positive relationship in their price movements. Moderate correlation can be acceptable for portfolio diversification, offering a balance between risk and potential returns.

Dividends

GRNY vs. THLV - Dividend Comparison

GRNY has not paid dividends to shareholders, while THLV's dividend yield for the trailing twelve months is around 1.66%.

	TTM	2025	2024	2023	2022
GRNY Fundstrat Granny Shots US Large Cap ETF	0.00%	0.00%	0.00%	0.00%	0.00%
THLV THOR Equal Weight Low Volatility ETF	1.66%	1.77%	1.25%	2.72%	0.62%

Drawdowns

GRNY vs. THLV - Drawdown Comparison

The maximum GRNY drawdown since its inception was -24.18%, which is greater than THLV's maximum drawdown of -13.15%. Use the drawdown chart below to compare losses from any high point for GRNY and THLV.

Drawdown Indicators

	GRNY	THLV	Difference
Max Drawdown Largest peak-to-trough decline	-24.18%	-13.15%	-11.03%
Max Drawdown (1Y) Largest decline over 1 year	-13.36%	-6.66%	-6.70%
Current Drawdown Current decline from peak	-8.39%	-4.46%	-3.93%
Average Drawdown Average peak-to-trough decline	-4.33%	-3.75%	-0.58%
Ulcer Index Depth and duration of drawdowns from previous peaks	4.08%	1.85%	+2.23%

Volatility

GRNY vs. THLV - Volatility Comparison

Fundstrat Granny Shots US Large Cap ETF (GRNY) has a higher volatility of 6.27% compared to THOR Equal Weight Low Volatility ETF (THLV) at 3.33%. This indicates that GRNY's price experiences larger fluctuations and is considered to be riskier than THLV based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	GRNY	THLV	Difference
Volatility (1M) Calculated over the trailing 1-month period	6.27%	3.33%	+2.94%
Volatility (6M) Calculated over the trailing 6-month period	14.35%	7.61%	+6.74%
Volatility (1Y) Calculated over the trailing 1-year period	24.51%	11.29%	+13.22%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	24.00%	11.80%	+12.20%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	24.00%	11.80%	+12.20%