QIDX vs. GRNJ

Last updated Jun 24, 2026

QIDX (Indexperts Quality Earnings Focused ETF) and GRNJ (Fundstrat Granny Shots US Small- & Mid-Cap ETF) are both Mid Cap Blend Equities funds. Both are actively managed. A 0.66 correlation means they provide meaningful diversification when combined. QIDX charges 0.50%/yr vs 0.75%/yr for GRNJ.

Performance

QIDX vs. GRNJ - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Indexperts Quality Earnings Focused ETF (QIDX) 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, QIDX achieves a 7.83% return, which is significantly lower than GRNJ's 22.19% return.

QIDX

• 1D: -0.33%
• 1M: 1.28%
• YTD: 7.83%
• 6M: 6.85%
• 1Y: 12.09%
• 3Y*: —
• 5Y*: —
• 10Y*: —

GRNJ

• 1D: -2.56%
• 1M: 1.56%
• YTD: 22.19%
• 6M: 17.63%
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —

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

QIDX vs. GRNJ - Yearly Performance Comparison

	2026 (YTD)	2025
QIDX Indexperts Quality Earnings Focused ETF	7.83%	2.05%
GRNJ Fundstrat Granny Shots US Small- & Mid-Cap ETF	22.19%	6.02%

Correlation

The correlation between QIDX and GRNJ is 0.66, 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 Nov 18, 2025	0.66

Return for Risk

QIDX vs. GRNJ — Risk / Return Rank

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

QIDX

QIDX Risk / Return Rank: 35
QIDX Sharpe Ratio Rank: 33
QIDX Sortino Ratio Rank: 33
QIDX Omega Ratio Rank: 30
QIDX Calmar Ratio Rank: 38
QIDX Martin Ratio Rank: 40

GRNJ

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

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.

QIDX vs. GRNJ - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Indexperts Quality Earnings Focused ETF (QIDX) 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.

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.

	QIDX	GRNJ	Difference
Sharpe ratio: Return per unit of total volatility	1.10	—	—
Sortino ratio: Return per unit of downside risk	1.63	—	—
Omega ratio: Gain probability vs. loss probability	1.19	—	—
Calmar ratio: Return relative to maximum drawdown	1.75	—	—
Martin ratio: Return relative to average drawdown	5.80	—	—

Drawdowns

QIDX vs. GRNJ - Drawdown Comparison

The maximum QIDX drawdown since its inception was -14.99%, smaller than the maximum GRNJ drawdown of -17.32%. Use the drawdown chart below to compare losses from any high point for QIDX and GRNJ.

Drawdown Indicators

	QIDX	GRNJ	Difference
Max Drawdown Largest peak-to-trough decline	-14.99%	-17.32%	+2.33%
Max Drawdown (1Y) Largest decline over 1 year	-6.92%	—	—
Current Drawdown Current decline from peak	-1.29%	-4.23%	+2.94%
Average Drawdown Average peak-to-trough decline	-2.24%	-4.09%	+1.85%
Ulcer Index Depth and duration of drawdowns from previous peaks	2.09%	—	—

Volatility

Volatility by Period

	QIDX	GRNJ	Difference
Volatility (1M) Calculated over the trailing 1-month period	3.01%	—	—
Volatility (6M) Calculated over the trailing 6-month period	8.53%	—	—
Volatility (1Y) Calculated over the trailing 1-year period	11.15%	30.86%	-19.71%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	14.54%	30.86%	-16.32%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	14.54%	30.86%	-16.32%

QIDX vs. GRNJ - Expense Ratio Comparison

QIDX has a 0.50% expense ratio, which is lower than GRNJ's 0.75% expense ratio.

Dividends

QIDX vs. GRNJ - Dividend Comparison

QIDX's dividend yield for the trailing twelve months is around 0.85%, while GRNJ has not paid dividends to shareholders.

Position	TTM	2025
GRNJ Fundstrat Granny Shots US Small- & Mid-Cap ETF	0.00%	0.00%
QIDX Indexperts Quality Earnings Focused ETF	0.85%	0.84%

Frequently Asked Questions

Can I hold both QIDX and GRNJ in my portfolio?

QIDX and GRNJ have a correlation of 0.66, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which ETF is better, QIDX or GRNJ?

On fees, QIDX is cheaper at 0.50% per year. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF is cheaper, QIDX or GRNJ?

QIDX is cheaper with a 0.50% expense ratio, compared with 0.75% for GRNJ.

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

QIDX has the higher dividend yield at 0.85%, compared with 0.00% for GRNJ.

What is the main difference between QIDX and GRNJ?

They also come from different issuers: Indexperts and Fundstrat. Their fees differ too: 0.50% for QIDX and 0.75% for GRNJ.