IVES vs. GRNY

Last updated Jun 4, 2026

IVES (Dan IVES Wedbush AI Revolution ETF) and GRNY (Fundstrat Granny Shots U.S. Large Cap ETF) are both exchange-traded funds - IVES is a Technology Equities fund tracking the Solactive Wedbush Artificial Intelligence Index, while GRNY is a Large Cap Blend Equities fund actively managed by Tidal ETFs. IVES is passively managed, while GRNY is actively managed. Their correlation of 0.85 suggests significant overlap in exposure. Both charge a 0.75% expense ratio.

Performance

IVES vs. GRNY - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Dan IVES Wedbush AI Revolution ETF (IVES) 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, IVES achieves a 27.14% return, which is significantly higher than GRNY's 11.15% return.

IVES

• 1D: -2.92%
• 1M: 18.28%
• YTD: 27.14%
• 6M: 24.59%
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —

GRNY

• 1D: -0.76%
• 1M: 3.30%
• YTD: 11.15%
• 6M: 9.73%
• 1Y: 29.75%
• 3Y*: —
• 5Y*: —
• 10Y*: —

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

IVES vs. GRNY - Yearly Performance Comparison

	2026 (YTD)	2025
IVES Dan IVES Wedbush AI Revolution ETF	27.14%	25.06%
GRNY Fundstrat Granny Shots U.S. Large Cap ETF	11.15%	16.79%

Correlation

The correlation between IVES and GRNY is 0.85, indicating a strong positive relationship between their price movements. Combining them offers limited diversification - they tend to fall together during downturns.

	Correlation
Correlation (All Time) Calculated using the full available price history since Jun 5, 2025	0.85

Return for Risk

IVES vs. GRNY — Risk / Return Rank

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

GRNY

GRNY Risk / Return Rank: 47
GRNY Sharpe Ratio Rank: 48
GRNY Sortino Ratio Rank: 45
GRNY Omega Ratio Rank: 44
GRNY Calmar Ratio Rank: 51
GRNY Martin Ratio Rank: 47

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.

IVES vs. GRNY - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Dan IVES Wedbush AI Revolution ETF (IVES) 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.

Risk / return metrics aren't available yet — we need at least 12 months of trading data to calculate them.

Sharpe Ratios by Period

	IVES	GRNY	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	—	1.70	—
Sharpe Ratio (All Time) Calculated using the full available price history	2.32	0.96	+1.36

Drawdowns

IVES vs. GRNY - Drawdown Comparison

The maximum IVES drawdown since its inception was -22.64%, smaller than the maximum GRNY drawdown of -24.18%. Use the drawdown chart below to compare losses from any high point for IVES and GRNY.

Drawdown Indicators

	IVES	GRNY	Difference
Max Drawdown Largest peak-to-trough decline	-22.64%	-24.18%	+1.54%
Max Drawdown (1Y) Largest decline over 1 year	—	-11.63%	—
Current Drawdown Current decline from peak	-3.69%	-0.76%	-2.93%
Average Drawdown Average peak-to-trough decline	-5.63%	-4.03%	-1.60%
Ulcer Index Depth and duration of drawdowns from previous peaks	—	3.80%	—

Volatility

Volatility by Period

	IVES	GRNY	Difference
Volatility (1M) Calculated over the trailing 1-month period	—	4.23%	—
Volatility (6M) Calculated over the trailing 6-month period	—	12.70%	—
Volatility (1Y) Calculated over the trailing 1-year period	25.77%	17.59%	+8.18%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	25.77%	23.19%	+2.58%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	25.77%	23.19%	+2.58%

IVES vs. GRNY - Expense Ratio Comparison

Both IVES and GRNY have an expense ratio of 0.75%.

Dividends

IVES vs. GRNY - Dividend Comparison

IVES's dividend yield for the trailing twelve months is around 0.33%, while GRNY has not paid dividends to shareholders.

Position	TTM	2025
GRNY Fundstrat Granny Shots U.S. Large Cap ETF	0.00%	0.00%
IVES Dan IVES Wedbush AI Revolution ETF	0.33%	0.41%

Frequently Asked Questions

Can I hold both IVES and GRNY in my portfolio?

IVES and GRNY have a correlation of 0.85, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which ETF is better, IVES or GRNY?

Both ETFs have the same 0.75% expense ratio. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF is cheaper, IVES or GRNY?

IVES and GRNY have the same expense ratio: 0.75% per year.

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

IVES has the higher dividend yield at 0.33%, compared with 0.00% for GRNY.

What is the main difference between IVES and GRNY?

IVES is categorized as Technology Equities, while GRNY is Large Cap Blend Equities. They also come from different issuers: Wedbush and Tidal ETFs.