RUNN vs. GRNJ

Last updated Jun 5, 2026

RUNN (Running Oak Efficient Growth ETF) and GRNJ (Fundstrat Granny Shots US Small- & Mid-Cap ETF) are both Mid Cap Blend Equities funds. Both are actively managed. At a 0.46 correlation, their price movements are largely independent. RUNN charges 0.58%/yr vs 0.75%/yr for GRNJ.

Performance

RUNN vs. GRNJ - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Running Oak Efficient Growth ETF (RUNN) 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, RUNN achieves a -2.05% return, which is significantly lower than GRNJ's 27.32% return.

RUNN

• 1D: 0.98%
• 1M: -0.71%
• YTD: -2.05%
• 6M: -2.63%
• 1Y: -0.93%
• 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)

RUNN vs. GRNJ - Yearly Performance Comparison

	2026 (YTD)	2025
RUNN Running Oak Efficient Growth ETF	-2.05%	2.92%
GRNJ Fundstrat Granny Shots US Small- & Mid-Cap ETF	27.32%	5.14%

Correlation

The correlation between RUNN and GRNJ is 0.46, which is low. Their price movements are largely independent, making them effective diversification partners.

	Correlation
Correlation (All Time) Calculated using the full available price history since Nov 19, 2025	0.46

Return for Risk

RUNN vs. GRNJ — Risk / Return Rank

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

RUNN

RUNN Risk / Return Rank: 8
RUNN Sharpe Ratio Rank: 8
RUNN Sortino Ratio Rank: 8
RUNN Omega Ratio Rank: 8
RUNN Calmar Ratio Rank: 8
RUNN Martin Ratio Rank: 8

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.

RUNN vs. GRNJ - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Running Oak Efficient Growth ETF (RUNN) 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.

	RUNN	GRNJ	Difference
Sharpe ratio: Return per unit of total volatility	-0.07	—	—
Sortino ratio: Return per unit of downside risk	-0.01	—	—
Omega ratio: Gain probability vs. loss probability	1.00	—	—
Calmar ratio: Return relative to maximum drawdown	-0.09	—	—
Martin ratio: Return relative to average drawdown	-0.21	—	—
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

	RUNN	GRNJ	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	-0.07	—	—
Sharpe Ratio (All Time) Calculated using the full available price history	0.70	2.44	-1.73

Drawdowns

RUNN vs. GRNJ - Drawdown Comparison

The maximum RUNN drawdown since its inception was -16.83%, roughly equal to the maximum GRNJ drawdown of -17.32%. Use the drawdown chart below to compare losses from any high point for RUNN and GRNJ.

Drawdown Indicators

	RUNN	GRNJ	Difference
Max Drawdown Largest peak-to-trough decline	-16.83%	-17.32%	+0.49%
Max Drawdown (1Y) Largest decline over 1 year	-10.34%	—	—
Current Drawdown Current decline from peak	-6.99%	-0.21%	-6.78%
Average Drawdown Average peak-to-trough decline	-3.54%	-4.10%	+0.56%
Ulcer Index Depth and duration of drawdowns from previous peaks	4.36%	—	—

Volatility

Volatility by Period

	RUNN	GRNJ	Difference
Volatility (1M) Calculated over the trailing 1-month period	3.69%	—	—
Volatility (6M) Calculated over the trailing 6-month period	9.75%	—	—
Volatility (1Y) Calculated over the trailing 1-year period	12.87%	29.83%	-16.96%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	13.81%	29.83%	-16.02%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	13.81%	29.83%	-16.02%

RUNN vs. GRNJ - Expense Ratio Comparison

RUNN has a 0.58% expense ratio, which is lower than GRNJ's 0.75% expense ratio.

Dividends

RUNN vs. GRNJ - Dividend Comparison

RUNN's dividend yield for the trailing twelve months is around 0.57%, while GRNJ has not paid dividends to shareholders.

Position	TTM	2025	2024	2023
GRNJ Fundstrat Granny Shots US Small- & Mid-Cap ETF	0.00%	0.00%	0.00%	0.00%
RUNN Running Oak Efficient Growth ETF	0.57%	0.55%	0.39%	0.33%

Frequently Asked Questions

Can I hold both RUNN and GRNJ in my portfolio?

RUNN and GRNJ have a correlation of 0.46, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which ETF is better, RUNN or GRNJ?

On fees, RUNN is cheaper at 0.58% per year. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF is cheaper, RUNN or GRNJ?

RUNN is cheaper with a 0.58% expense ratio, compared with 0.75% for GRNJ.

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

RUNN has the higher dividend yield at 0.57%, compared with 0.00% for GRNJ.

What is the main difference between RUNN and GRNJ?

They also come from different issuers: Running Oak Capital and Fundstrat. Their fees differ too: 0.58% for RUNN and 0.75% for GRNJ.