PJFG vs. GRNY

Last updated Jun 24, 2026

PJFG (PGIM Jennison Focused Growth ETF) and GRNY (Fundstrat Granny Shots U.S. Large Cap ETF) are both exchange-traded funds - PJFG is a Large Cap Growth Equities fund actively managed by PGIM, while GRNY is a Large Cap Blend Equities fund actively managed by Tidal ETFs. Both are actively managed. Over the past year, PJFG returned 13.11% vs 24.50% for GRNY. Their correlation of 0.87 suggests significant overlap in exposure. Both charge a 0.75% expense ratio.

Performance

PJFG vs. GRNY - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in PGIM Jennison Focused Growth ETF (PJFG) 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, PJFG achieves a 1.35% return, which is significantly lower than GRNY's 9.17% return.

PJFG

• 1D: -1.43%
• 1M: -3.20%
• YTD: 1.35%
• 6M: 0.28%
• 1Y: 13.11%
• 3Y*: 21.06%
• 5Y*: —
• 10Y*: —

GRNY

• 1D: -1.64%
• 1M: -0.15%
• YTD: 9.17%
• 6M: 7.05%
• 1Y: 24.50%
• 3Y*: —
• 5Y*: —
• 10Y*: —

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

PJFG vs. GRNY - Yearly Performance Comparison

	2026 (YTD)	2025	2024
PJFG PGIM Jennison Focused Growth ETF	1.35%	16.94%	1.51%
GRNY Fundstrat Granny Shots U.S. Large Cap ETF	9.17%	24.05%	-0.45%

Correlation

The correlation between PJFG and GRNY is 0.84, 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	0.84
Correlation (All Time) Calculated using the full available price history since Nov 7, 2024	0.87

The correlation between PJFG and GRNY has been stable across timeframes, ranging from 0.84 to 0.87 - a consistent structural relationship.

Return for Risk

PJFG vs. GRNY — Risk / Return Rank

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

PJFG

PJFG Risk / Return Rank: 20
PJFG Sharpe Ratio Rank: 22
PJFG Sortino Ratio Rank: 21
PJFG Omega Ratio Rank: 21
PJFG Calmar Ratio Rank: 17
PJFG Martin Ratio Rank: 20

GRNY

GRNY Risk / Return Rank: 40
GRNY Sharpe Ratio Rank: 40
GRNY Sortino Ratio Rank: 37
GRNY Omega Ratio Rank: 36
GRNY Calmar Ratio Rank: 44
GRNY Martin Ratio Rank: 41

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.

PJFG vs. GRNY - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for PGIM Jennison Focused Growth ETF (PJFG) 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.

Values are calculated on a 1-year rolling basis and updated daily. Risk-adjusted metrics are more stable over longer periods — use the period switch above to explore them.

	PJFG	GRNY	Difference
Sharpe ratio: Return per unit of total volatility	0.74	1.36	-0.62
Sortino ratio: Return per unit of downside risk	1.11	1.87	-0.76
Omega ratio: Gain probability vs. loss probability	1.14	1.23	-0.09
Calmar ratio: Return relative to maximum drawdown	0.69	2.12	-1.42
Martin ratio: Return relative to average drawdown	2.13	6.40	-4.27

PJFG vs. GRNY - Sharpe Ratio Comparison

The current PJFG Sharpe Ratio is 0.74, which is lower than the GRNY Sharpe Ratio of 1.36. The chart below compares the historical Sharpe Ratios of PJFG 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.

Drawdowns

PJFG vs. GRNY - Drawdown Comparison

The maximum PJFG drawdown since its inception was -24.24%, roughly equal to the maximum GRNY drawdown of -24.18%. Use the drawdown chart below to compare losses from any high point for PJFG and GRNY.

Drawdown Indicators

	PJFG	GRNY	Difference
Max Drawdown Largest peak-to-trough decline	-24.24%	-24.18%	-0.06%
Max Drawdown (1Y) Largest decline over 1 year	-19.00%	-11.63%	-7.37%
Max Drawdown (3Y) Largest decline over 3 years	-24.24%	—	—
Current Drawdown Current decline from peak	-7.01%	-2.63%	-4.38%
Average Drawdown Average peak-to-trough decline	-3.79%	-3.95%	+0.16%
Ulcer Index Depth and duration of drawdowns from previous peaks	6.16%	3.84%	+2.32%

Volatility

PJFG vs. GRNY - Volatility Comparison

PGIM Jennison Focused Growth ETF (PJFG) has a higher volatility of 6.89% compared to Fundstrat Granny Shots U.S. Large Cap ETF (GRNY) at 5.45%. This indicates that PJFG'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

	PJFG	GRNY	Difference
Volatility (1M) Calculated over the trailing 1-month period	6.89%	5.45%	+1.44%
Volatility (6M) Calculated over the trailing 6-month period	13.96%	13.01%	+0.95%
Volatility (1Y) Calculated over the trailing 1-year period	17.77%	18.09%	-0.32%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	20.98%	23.13%	-2.15%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	20.98%	23.13%	-2.15%

PJFG vs. GRNY - Expense Ratio Comparison

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

Dividends

PJFG vs. GRNY - Dividend Comparison

Neither PJFG nor GRNY has paid dividends to shareholders.

Tickers have no history of dividend payments

Frequently Asked Questions

Can I hold both PJFG and GRNY in my portfolio?

PJFG and GRNY have a correlation of 0.84, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, PJFG or GRNY?

PJFG has higher volatility (6.89%) compared to GRNY (5.45%). In terms of maximum drawdown, PJFG dropped -24.24% vs GRNY's -24.18%.

Which ETF is better, PJFG or GRNY?

On 1-year performance, GRNY leads with 24.50% vs 13.11% for PJFG. Both ETFs have the same 0.75% expense ratio. On volatility, GRNY has been the lower-risk option at 5.45%. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF has performed better, PJFG or GRNY?

Over the 1-year period, GRNY has performed better with a 24.50% return vs 13.11%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, PJFG or GRNY?

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

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

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

What is the main difference between PJFG and GRNY?

PJFG is categorized as Large Cap Growth Equities, while GRNY is Large Cap Blend Equities. They also come from different issuers: PGIM and Tidal ETFs.

Which has better risk-adjusted returns?

GRNY currently has the higher Sharpe Ratio (1.36 vs 0.74), 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.