OPTZ vs. GRNJ

Last updated Jun 5, 2026

OPTZ (Optimize Strategy Index ETF) and GRNJ (Fundstrat Granny Shots US Small- & Mid-Cap ETF) are both Mid Cap Blend Equities funds. OPTZ is passively managed, while GRNJ is actively managed. Their correlation of 0.82 suggests significant overlap in exposure. OPTZ charges 0.25%/yr vs 0.75%/yr for GRNJ.

Performance

OPTZ vs. GRNJ - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Optimize Strategy Index ETF (OPTZ) and Fundstrat Granny Shots US Small- & Mid-Cap ETF (GRNJ). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, OPTZ achieves a 31.19% return, which is significantly higher than GRNJ's 27.32% return.

OPTZ

• 1D: -0.24%
• 1M: 10.07%
• YTD: 31.19%
• 6M: 31.66%
• 1Y: 61.03%
• 3Y*: —
• 5Y*: —
• 10Y*: —

GRNJ

• 1D: 0.96%
• 1M: 8.18%
• YTD: 27.32%
• 6M: 22.80%
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —

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

OPTZ vs. GRNJ - Yearly Performance Comparison

	2026 (YTD)	2025
OPTZ Optimize Strategy Index ETF	31.19%	6.67%
GRNJ Fundstrat Granny Shots US Small- & Mid-Cap ETF	27.32%	5.14%

Correlation

The correlation between OPTZ and GRNJ is 0.82, 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 Nov 19, 2025	0.82

Return for Risk

OPTZ vs. GRNJ — Risk / Return Rank

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

OPTZ

OPTZ Risk / Return Rank: 92
OPTZ Sharpe Ratio Rank: 93
OPTZ Sortino Ratio Rank: 92
OPTZ Omega Ratio Rank: 90
OPTZ Calmar Ratio Rank: 91
OPTZ Martin Ratio Rank: 94

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.

OPTZ vs. GRNJ - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Optimize Strategy Index ETF (OPTZ) and Fundstrat Granny Shots US Small- & Mid-Cap ETF (GRNJ). 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.

	OPTZ	GRNJ	Difference
Sharpe ratio: Return per unit of total volatility	3.40	—	—
Sortino ratio: Return per unit of downside risk	4.47	—	—
Omega ratio: Gain probability vs. loss probability	1.57	—	—
Calmar ratio: Return relative to maximum drawdown	5.77	—	—
Martin ratio: Return relative to average drawdown	26.24	—	—
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

Sharpe Ratios by Period

	OPTZ	GRNJ	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	3.40	—	—
Sharpe Ratio (All Time) Calculated using the full available price history	1.70	2.44	-0.73

Drawdowns

OPTZ vs. GRNJ - Drawdown Comparison

The maximum OPTZ drawdown since its inception was -25.75%, which is greater than GRNJ's maximum drawdown of -17.32%. Use the drawdown chart below to compare losses from any high point for OPTZ and GRNJ.

Drawdown Indicators

	OPTZ	GRNJ	Difference
Max Drawdown Largest peak-to-trough decline	-25.75%	-17.32%	-8.43%
Max Drawdown (1Y) Largest decline over 1 year	-10.63%	—	—
Current Drawdown Current decline from peak	-0.24%	-0.21%	-0.03%
Average Drawdown Average peak-to-trough decline	-3.38%	-4.10%	+0.72%
Ulcer Index Depth and duration of drawdowns from previous peaks	2.33%	—	—

Volatility

Volatility by Period

	OPTZ	GRNJ	Difference
Volatility (1M) Calculated over the trailing 1-month period	5.99%	—	—
Volatility (6M) Calculated over the trailing 6-month period	13.52%	—	—
Volatility (1Y) Calculated over the trailing 1-year period	18.05%	29.83%	-11.78%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	20.64%	29.83%	-9.19%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	20.64%	29.83%	-9.19%

OPTZ vs. GRNJ - Expense Ratio Comparison

OPTZ has a 0.25% expense ratio, which is lower than GRNJ's 0.75% expense ratio.

Dividends

OPTZ vs. GRNJ - Dividend Comparison

OPTZ's dividend yield for the trailing twelve months is around 0.44%, while GRNJ has not paid dividends to shareholders.

Position	TTM	2025	2024
GRNJ Fundstrat Granny Shots US Small- & Mid-Cap ETF	0.00%	0.00%	0.00%
OPTZ Optimize Strategy Index ETF	0.44%	0.58%	0.32%

Frequently Asked Questions

Can I hold both OPTZ and GRNJ in my portfolio?

OPTZ and GRNJ have a correlation of 0.82, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which ETF is better, OPTZ or GRNJ?

On fees, OPTZ is cheaper at 0.25% per year. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF is cheaper, OPTZ or GRNJ?

OPTZ is cheaper with a 0.25% expense ratio, compared with 0.75% for GRNJ.

Which ETF pays a higher dividend yield, OPTZ or GRNJ?

OPTZ has the higher dividend yield at 0.44%, compared with 0.00% for GRNJ.

What is the main difference between OPTZ and GRNJ?

They also come from different issuers: Optimize and Fundstrat. Their fees differ too: 0.25% for OPTZ and 0.75% for GRNJ.