GXTG vs. GRNY
GXTG (Global X Thematic Growth ETF) and GRNY (Fundstrat Granny Shots U.S. Large Cap ETF) are both exchange-traded funds - GXTG is a Global Equities fund tracking the Solactive Thematic Growth Index, while GRNY is a Large Cap Blend Equities fund actively managed by Tidal ETFs. GXTG is passively managed, while GRNY is actively managed. Over the past year, GXTG returned 19.75% vs 30.94% for GRNY. A 0.78 correlation means they provide meaningful diversification when combined. GXTG charges 0.50%/yr vs 0.75%/yr for GRNY.
Performance
GXTG vs. GRNY - Performance Comparison
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Returns By Period
In the year-to-date period, GXTG achieves a 23.43% return, which is significantly higher than GRNY's 12.12% return.
GXTG
- 1D
- -1.42%
- 1M
- 4.46%
- YTD
- 23.43%
- 6M
- 17.77%
- 1Y
- 19.75%
- 3Y*
- 6.30%
- 5Y*
- -8.13%
- 10Y*
- —
GRNY
- 1D
- 0.87%
- 1M
- 3.78%
- YTD
- 12.12%
- 6M
- 10.16%
- 1Y
- 30.94%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
GXTG vs. GRNY - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | |
|---|---|---|---|
GXTG Global X Thematic Growth ETF | 23.43% | 3.52% | -7.29% |
GRNY Fundstrat Granny Shots U.S. Large Cap ETF | 12.12% | 24.05% | -1.09% |
Correlation
The correlation between GXTG and GRNY is 0.80, 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 | 0.80 |
Correlation (All Time) Calculated using the full available price history since Nov 8, 2024 | 0.78 |
The correlation between GXTG and GRNY has been stable across timeframes, ranging from 0.78 to 0.80 - a consistent structural relationship.
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Return for Risk
GXTG vs. GRNY — Risk / Return Rank
GXTG
GRNY
GXTG vs. GRNY - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Global X Thematic Growth ETF (GXTG) and Fundstrat Granny Shots U.S. Large Cap ETF (GRNY). 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.
| GXTG | GRNY | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.99 | ||
| Sortino ratioReturn per unit of downside risk | -1.17 | ||
| Omega ratioGain probability vs. loss probability | 1.15 | 1.30 | -0.15 |
| Calmar ratioReturn relative to maximum drawdown | 0.80 | 2.67 | -1.87 |
| Martin ratioReturn relative to average drawdown | 1.91 | 8.16 | -6.25 |
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
| GXTG | GRNY | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 0.78 | 1.77 | -0.99 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | -0.30 | — | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.11 | 0.98 | -0.88 |
Drawdowns
GXTG vs. GRNY - Drawdown Comparison
The maximum GXTG drawdown since its inception was -67.81%, which is greater than GRNY's maximum drawdown of -24.18%. Use the drawdown chart below to compare losses from any high point for GXTG and GRNY.
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Drawdown Indicators
| GXTG | GRNY | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -67.81% | -24.18% | -43.63% |
Max Drawdown (1Y)Largest decline over 1 year | -24.65% | -11.63% | -13.02% |
Max Drawdown (3Y)Largest decline over 3 years | -31.89% | — | — |
Max Drawdown (5Y)Largest decline over 5 years | -61.17% | — | — |
Current DrawdownCurrent decline from peak | -51.21% | 0.00% | -51.21% |
Average DrawdownAverage peak-to-trough decline | -43.09% | -4.02% | -39.07% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 10.36% | 3.80% | +6.56% |
Volatility
GXTG vs. GRNY - Volatility Comparison
Global X Thematic Growth ETF (GXTG) has a higher volatility of 10.10% compared to Fundstrat Granny Shots U.S. Large Cap ETF (GRNY) at 4.28%. This indicates that GXTG's price experiences larger fluctuations and is considered to be riskier than GRNY based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| GXTG | GRNY | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 10.10% | 4.28% | +5.82% |
Volatility (6M)Calculated over the trailing 6-month period | 19.04% | 12.71% | +6.33% |
Volatility (1Y)Calculated over the trailing 1-year period | 25.56% | 17.58% | +7.98% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 27.63% | 23.17% | +4.46% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 29.59% | 23.17% | +6.42% |
GXTG vs. GRNY - Expense Ratio Comparison
GXTG has a 0.50% expense ratio, which is lower than GRNY's 0.75% expense ratio.
Dividends
GXTG vs. GRNY - Dividend Comparison
GXTG's dividend yield for the trailing twelve months is around 1.14%, while GRNY has not paid dividends to shareholders.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 |
|---|---|---|---|---|---|---|---|---|
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% |
GXTG Global X Thematic Growth ETF | 1.14% | 1.40% | 1.08% | 1.99% | 1.48% | 1.56% | 0.48% | 0.31% |
Frequently Asked Questions
GXTG and GRNY have a correlation of 0.80, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
GXTG has higher volatility (10.10%) compared to GRNY (4.28%). In terms of maximum drawdown, GXTG dropped -67.81% vs GRNY's -24.18%.
On 1-year performance, GRNY leads with 30.94% vs 19.75% for GXTG. On fees, GXTG is cheaper at 0.50% per year. On volatility, GRNY has been the lower-risk option at 4.28%. The better choice depends on whether you care most about return, fees, risk, or income.
Over the 1-year period, GRNY has performed better with a 30.94% return vs 19.75%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.
GXTG is cheaper with a 0.50% expense ratio, compared with 0.75% for GRNY.
GXTG has the higher dividend yield at 1.14%, compared with 0.00% for GRNY.
GXTG is categorized as Global Equities, while GRNY is Large Cap Blend Equities. They also come from different issuers: Global X and Tidal ETFs. Their fees differ too: 0.50% for GXTG and 0.75% for GRNY.
GRNY currently has the higher Sharpe Ratio (1.77 vs 0.78), 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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