METL vs. GRNY

Last updated Jun 9, 2026

METL (Sprott Active Metals & Miners ETF) and GRNY (Fundstrat Granny Shots U.S. Large Cap ETF) are both exchange-traded funds - METL is a Commodity Producers Equities fund actively managed by Sprott, while GRNY is a Large Cap Blend Equities fund actively managed by Tidal ETFs. Both are actively managed. A 0.65 correlation means they provide meaningful diversification when combined. METL charges 0.89%/yr vs 0.75%/yr for GRNY.

Performance

METL vs. GRNY - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Sprott Active Metals & Miners ETF (METL) 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, METL achieves a 7.51% return, which is significantly lower than GRNY's 9.21% return.

METL

• 1D: 0.05%
• 1M: -9.97%
• YTD: 7.51%
• 6M: 15.84%
• 1Y: —
• 3Y*: —
• 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)

METL vs. GRNY - Yearly Performance Comparison

	2026 (YTD)	2025
METL Sprott Active Metals & Miners ETF	7.51%	27.04%
GRNY Fundstrat Granny Shots U.S. Large Cap ETF	9.21%	2.06%

Correlation

The correlation between METL and GRNY is 0.65, which is moderate. They share some common price drivers but move independently often enough to provide real diversification benefit when combined.

	Correlation
Correlation (All Time) Calculated using the full available price history since Sep 11, 2025	0.65

Return for Risk

METL 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: 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.

METL vs. GRNY - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Sprott Active Metals & Miners ETF (METL) 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

	METL	GRNY	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	—	1.50	—
Sharpe Ratio (All Time) Calculated using the full available price history	1.18	0.89	+0.29

Drawdowns

METL vs. GRNY - Drawdown Comparison

The maximum METL drawdown since its inception was -27.39%, which is greater than GRNY's maximum drawdown of -24.18%. Use the drawdown chart below to compare losses from any high point for METL and GRNY.

Drawdown Indicators

	METL	GRNY	Difference
Max Drawdown Largest peak-to-trough decline	-27.39%	-24.18%	-3.21%
Max Drawdown (1Y) Largest decline over 1 year	—	-11.63%	—
Current Drawdown Current decline from peak	-18.48%	-2.59%	-15.89%
Average Drawdown Average peak-to-trough decline	-8.24%	-4.01%	-4.23%
Ulcer Index Depth and duration of drawdowns from previous peaks	—	3.81%	—

Volatility

Volatility by Period

	METL	GRNY	Difference
Volatility (1M) Calculated over the trailing 1-month period	—	5.02%	—
Volatility (6M) Calculated over the trailing 6-month period	—	13.09%	—
Volatility (1Y) Calculated over the trailing 1-year period	44.85%	17.86%	+26.99%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	44.85%	23.25%	+21.60%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	44.85%	23.25%	+21.60%

METL vs. GRNY - Expense Ratio Comparison

METL has a 0.89% expense ratio, which is higher than GRNY's 0.75% expense ratio.

Dividends

METL vs. GRNY - Dividend Comparison

METL's dividend yield for the trailing twelve months is around 0.92%, while GRNY has not paid dividends to shareholders.

Position	TTM	2025
GRNY Fundstrat Granny Shots U.S. Large Cap ETF	0.00%	0.00%
METL Sprott Active Metals & Miners ETF	0.92%	0.99%

Frequently Asked Questions

Can I hold both METL and GRNY in my portfolio?

METL and GRNY have a correlation of 0.65, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which ETF is better, METL or GRNY?

On fees, GRNY is cheaper at 0.75% per year. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF is cheaper, METL or GRNY?

GRNY is cheaper with a 0.75% expense ratio, compared with 0.89% for METL.

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

METL has the higher dividend yield at 0.92%, compared with 0.00% for GRNY.

What is the main difference between METL and GRNY?

METL is categorized as Commodity Producers Equities, while GRNY is Large Cap Blend Equities. They also come from different issuers: Sprott and Tidal ETFs. Their fees differ too: 0.89% for METL and 0.75% for GRNY.