IAUM vs. GRNY

Last updated Jun 9, 2026

IAUM (iShares Gold Trust Micro) and GRNY (Fundstrat Granny Shots U.S. Large Cap ETF) are both exchange-traded funds - IAUM is a Gold fund tracking the LBMA Gold Price PM, while GRNY is a Large Cap Blend Equities fund actively managed by Tidal ETFs. IAUM is passively managed, while GRNY is actively managed. Over the past year, IAUM returned 30.56% vs 26.59% for GRNY. At a 0.12 correlation, their price movements are largely independent. IAUM charges 0.09%/yr vs 0.75%/yr for GRNY.

Performance

IAUM vs. GRNY - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in iShares Gold Trust Micro (IAUM) and Fundstrat Granny Shots U.S. Large Cap ETF (GRNY). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, IAUM achieves a 0.28% return, which is significantly lower than GRNY's 9.21% return.

IAUM

• 1D: 0.21%
• 1M: -8.41%
• YTD: 0.28%
• 6M: 3.16%
• 1Y: 30.56%
• 3Y*: 30.12%
• 5Y*: —
• 10Y*: —

GRNY

• 1D: 0.52%
• 1M: 0.19%
• YTD: 9.21%
• 6M: 7.56%
• 1Y: 26.59%
• 3Y*: —
• 5Y*: —
• 10Y*: —

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

IAUM vs. GRNY - Yearly Performance Comparison

	2026 (YTD)	2025	2024
IAUM iShares Gold Trust Micro	0.28%	64.27%	-2.97%
GRNY Fundstrat Granny Shots U.S. Large Cap ETF	9.21%	24.05%	-1.09%

Correlation

The correlation between IAUM and GRNY is 0.22, which is low. Their price movements are largely independent, making them effective diversification partners.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.22
Correlation (All Time) Calculated using the full available price history since Nov 8, 2024	0.12

The correlation between IAUM and GRNY shifts across timeframes, from 0.12 (all time) to 0.22 (1 year), reflecting how their relationship changes across market environments.

Return for Risk

IAUM vs. GRNY — Risk / Return Rank

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

IAUM

IAUM Risk / Return Rank: 34
IAUM Sharpe Ratio Rank: 35
IAUM Sortino Ratio Rank: 31
IAUM Omega Ratio Rank: 39
IAUM Calmar Ratio Rank: 34
IAUM Martin Ratio Rank: 29

GRNY

GRNY Risk / Return Rank: 47
GRNY Sharpe Ratio Rank: 47
GRNY Sortino Ratio Rank: 45
GRNY Omega Ratio Rank: 44
GRNY Calmar Ratio Rank: 51
GRNY Martin Ratio Rank: 46

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.

IAUM vs. GRNY - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for iShares Gold Trust Micro (IAUM) 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.

	IAUM	GRNY	Difference
Sharpe ratio: Return per unit of total volatility	1.16	1.50	-0.34
Sortino ratio: Return per unit of downside risk	1.54	2.03	-0.49
Omega ratio: Gain probability vs. loss probability	1.23	1.26	-0.02
Calmar ratio: Return relative to maximum drawdown	1.53	2.30	-0.76
Martin ratio: Return relative to average drawdown	3.84	7.00	-3.16
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

IAUM vs. GRNY - Sharpe Ratio Comparison

The current IAUM Sharpe Ratio is 1.16, which is comparable to the GRNY Sharpe Ratio of 1.50. The chart below compares the historical Sharpe Ratios of IAUM and GRNY, 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

	IAUM	GRNY	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	1.16	1.50	-0.34
Sharpe Ratio (All Time) Calculated using the full available price history	1.11	0.89	+0.23

Drawdowns

IAUM vs. GRNY - Drawdown Comparison

The maximum IAUM drawdown since its inception was -20.87%, smaller than the maximum GRNY drawdown of -24.18%. Use the drawdown chart below to compare losses from any high point for IAUM and GRNY.

Drawdown Indicators

	IAUM	GRNY	Difference
Max Drawdown Largest peak-to-trough decline	-20.87%	-24.18%	+3.31%
Max Drawdown (1Y) Largest decline over 1 year	-20.02%	-11.63%	-8.39%
Max Drawdown (3Y) Largest decline over 3 years	-20.02%	—	—
Current Drawdown Current decline from peak	-19.85%	-2.59%	-17.26%
Average Drawdown Average peak-to-trough decline	-5.33%	-4.01%	-1.32%
Ulcer Index Depth and duration of drawdowns from previous peaks	7.98%	3.81%	+4.17%

Volatility

IAUM vs. GRNY - Volatility Comparison

iShares Gold Trust Micro (IAUM) has a higher volatility of 5.64% compared to Fundstrat Granny Shots U.S. Large Cap ETF (GRNY) at 5.02%. This indicates that IAUM'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.

Volatility by Period

	IAUM	GRNY	Difference
Volatility (1M) Calculated over the trailing 1-month period	5.64%	5.02%	+0.62%
Volatility (6M) Calculated over the trailing 6-month period	23.20%	13.09%	+10.11%
Volatility (1Y) Calculated over the trailing 1-year period	26.57%	17.86%	+8.71%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	17.92%	23.25%	-5.33%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	17.92%	23.25%	-5.33%

IAUM vs. GRNY - Expense Ratio Comparison

IAUM has a 0.09% expense ratio, which is lower than GRNY's 0.75% expense ratio.

Dividends

IAUM vs. GRNY - Dividend Comparison

Neither IAUM nor GRNY has paid dividends to shareholders.

Tickers have no history of dividend payments

Frequently Asked Questions

Can I hold both IAUM and GRNY in my portfolio?

IAUM and GRNY have a correlation of 0.22, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, IAUM or GRNY?

IAUM has higher volatility (5.64%) compared to GRNY (5.02%). In terms of maximum drawdown, IAUM dropped -20.87% vs GRNY's -24.18%.

Which ETF is better, IAUM or GRNY?

On 1-year performance, IAUM leads with 30.56% vs 26.59% for GRNY. On fees, IAUM is cheaper at 0.09% per year. On volatility, GRNY has been the lower-risk option at 5.02%. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF has performed better, IAUM or GRNY?

Over the 1-year period, IAUM has performed better with a 30.56% return vs 26.59%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, IAUM or GRNY?

IAUM is cheaper with a 0.09% expense ratio, compared with 0.75% for GRNY.

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

IAUM and GRNY have nearly identical dividend yields, around 0.00%.

What is the main difference between IAUM and GRNY?

IAUM is categorized as Gold, while GRNY is Large Cap Blend Equities. They also come from different issuers: iShares and Tidal ETFs. Their fees differ too: 0.09% for IAUM and 0.75% for GRNY.

Which has better risk-adjusted returns?

GRNY currently has the higher Sharpe Ratio (1.50 vs 1.16), 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.