NUGO vs. GRNY

Last updated Jun 5, 2026

NUGO (Nuveen Growth Opportunities ETF) and GRNY (Fundstrat Granny Shots U.S. Large Cap ETF) are both exchange-traded funds - NUGO is a Large Cap Growth Equities fund actively managed by Nuveen, while GRNY is a Large Cap Blend Equities fund actively managed by Tidal ETFs. Both are actively managed. Over the past year, NUGO returned 26.78% vs 30.94% for GRNY. Their correlation of 0.87 suggests significant overlap in exposure. NUGO charges 0.56%/yr vs 0.75%/yr for GRNY.

Performance

NUGO vs. GRNY - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Nuveen Growth Opportunities ETF (NUGO) 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, NUGO achieves a 9.96% return, which is significantly lower than GRNY's 12.12% return.

NUGO

• 1D: -0.25%
• 1M: 4.72%
• YTD: 9.96%
• 6M: 8.88%
• 1Y: 26.78%
• 3Y*: 25.80%
• 5Y*: —
• 10Y*: —

GRNY

• 1D: 0.87%
• 1M: 3.78%
• YTD: 12.12%
• 6M: 10.16%
• 1Y: 30.94%
• 3Y*: —
• 5Y*: —
• 10Y*: —

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

NUGO vs. GRNY - Yearly Performance Comparison

	2026 (YTD)	2025	2024
NUGO Nuveen Growth Opportunities ETF	9.96%	14.91%	0.64%
GRNY Fundstrat Granny Shots U.S. Large Cap ETF	12.12%	24.05%	-1.09%

Correlation

The correlation between NUGO and GRNY is 0.86, indicating a strong positive relationship between their price movements. Combining them offers limited diversification - they tend to fall together during downturns.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.86
Correlation (All Time) Calculated using the full available price history since Nov 8, 2024	0.87

The correlation between NUGO and GRNY has been stable across timeframes, ranging from 0.86 to 0.87 - a consistent structural relationship.

Return for Risk

NUGO vs. GRNY — Risk / Return Rank

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

NUGO

NUGO Risk / Return Rank: 38
NUGO Sharpe Ratio Rank: 44
NUGO Sortino Ratio Rank: 42
NUGO Omega Ratio Rank: 41
NUGO Calmar Ratio Rank: 32
NUGO Martin Ratio Rank: 33

GRNY

GRNY Risk / Return Rank: 51
GRNY Sharpe Ratio Rank: 53
GRNY Sortino Ratio Rank: 49
GRNY Omega Ratio Rank: 48
GRNY Calmar Ratio Rank: 55
GRNY Martin Ratio Rank: 49

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.

NUGO vs. GRNY - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Nuveen Growth Opportunities ETF (NUGO) 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.

	NUGO	GRNY	Difference
Sharpe ratio: Return per unit of total volatility	1.52	1.77	-0.25
Sortino ratio: Return per unit of downside risk	2.11	2.37	-0.27
Omega ratio: Gain probability vs. loss probability	1.26	1.30	-0.03
Calmar ratio: Return relative to maximum drawdown	1.53	2.67	-1.14
Martin ratio: Return relative to average drawdown	4.99	8.16	-3.18
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

NUGO vs. GRNY - Sharpe Ratio Comparison

The current NUGO Sharpe Ratio is 1.52, which is comparable to the GRNY Sharpe Ratio of 1.77. The chart below compares the historical Sharpe Ratios of NUGO 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

	NUGO	GRNY	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	1.52	1.77	-0.25
Sharpe Ratio (All Time) Calculated using the full available price history	0.59	0.98	-0.40

Drawdowns

NUGO vs. GRNY - Drawdown Comparison

The maximum NUGO drawdown since its inception was -38.01%, which is greater than GRNY's maximum drawdown of -24.18%. Use the drawdown chart below to compare losses from any high point for NUGO and GRNY.

Drawdown Indicators

	NUGO	GRNY	Difference
Max Drawdown Largest peak-to-trough decline	-38.01%	-24.18%	-13.83%
Max Drawdown (1Y) Largest decline over 1 year	-17.54%	-11.63%	-5.91%
Max Drawdown (3Y) Largest decline over 3 years	-25.12%	—	—
Current Drawdown Current decline from peak	-1.64%	0.00%	-1.64%
Average Drawdown Average peak-to-trough decline	-12.05%	-4.02%	-8.03%
Ulcer Index Depth and duration of drawdowns from previous peaks	5.38%	3.80%	+1.58%

Volatility

NUGO vs. GRNY - Volatility Comparison

Nuveen Growth Opportunities ETF (NUGO) and Fundstrat Granny Shots U.S. Large Cap ETF (GRNY) have volatilities of 4.19% and 4.28%, respectively, indicating that both stocks experience similar levels of price fluctuations. This suggests that the risk associated with both stocks, as measured by volatility, is nearly the same. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	NUGO	GRNY	Difference
Volatility (1M) Calculated over the trailing 1-month period	4.19%	4.28%	-0.09%
Volatility (6M) Calculated over the trailing 6-month period	13.35%	12.71%	+0.64%
Volatility (1Y) Calculated over the trailing 1-year period	17.70%	17.58%	+0.12%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	23.11%	23.17%	-0.06%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	23.11%	23.17%	-0.06%

NUGO vs. GRNY - Expense Ratio Comparison

NUGO has a 0.56% expense ratio, which is lower than GRNY's 0.75% expense ratio.

Dividends

NUGO vs. GRNY - Dividend Comparison

Neither NUGO nor GRNY has paid dividends to shareholders.

Position	TTM	2025	2024	2023	2022	2021
GRNY Fundstrat Granny Shots U.S. Large Cap ETF	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
NUGO Nuveen Growth Opportunities ETF	0.00%	0.00%	0.00%	0.19%	0.26%	0.00%

Frequently Asked Questions

Can I hold both NUGO and GRNY in my portfolio?

NUGO and GRNY have a correlation of 0.86, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, NUGO or GRNY?

GRNY has higher volatility (4.28%) compared to NUGO (4.19%). In terms of maximum drawdown, NUGO dropped -38.01% vs GRNY's -24.18%.

Which ETF is better, NUGO or GRNY?

On 1-year performance, GRNY leads with 30.94% vs 26.78% for NUGO. On fees, NUGO is cheaper at 0.56% per year. Their volatility is very similar. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF has performed better, NUGO or GRNY?

Over the 1-year period, GRNY has performed better with a 30.94% return vs 26.78%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, NUGO or GRNY?

NUGO is cheaper with a 0.56% expense ratio, compared with 0.75% for GRNY.

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

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

What is the main difference between NUGO and GRNY?

NUGO is categorized as Large Cap Growth Equities, while GRNY is Large Cap Blend Equities. They also come from different issuers: Nuveen and Tidal ETFs. Their fees differ too: 0.56% for NUGO and 0.75% for GRNY.

Which has better risk-adjusted returns?

GRNY currently has the higher Sharpe Ratio (1.77 vs 1.52), 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.