SETM vs. GRNY

Last updated Jul 21, 2026

SETM (Sprott Critical Materials ETF) and GRNY (Fundstrat Granny Shots U.S. Large Cap ETF) are both exchange-traded funds - SETM is a Materials fund tracking the Nasdaq Sprott Critical Materials Index, while GRNY is a Large Cap Blend Equities fund actively managed by Tidal ETFs. SETM is passively managed, while GRNY is actively managed. Over the past year, SETM returned 44.18% vs 17.27% for GRNY. A 0.50 correlation means they provide meaningful diversification when combined. SETM charges 0.65%/yr vs 0.75%/yr for GRNY.

Performance

SETM vs. GRNY - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Sprott Critical Materials ETF (SETM) 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, SETM achieves a -2.45% return, which is significantly lower than GRNY's 9.98% return.

SETM

• 1D: -0.39%
• 1M: -17.28%
• 6M: -19.37%
• YTD: -2.45%
• 1Y: 44.18%
• 3Y*: 18.54%
• 5Y*: —
• 10Y*: —
• ALL TIME*: 11.02%

GRNY

• 1D: -0.37%
• 1M: -0.94%
• 6M: 5.26%
• YTD: 9.98%
• 1Y: 17.27%
• 3Y*: —
• 5Y*: —
• 10Y*: —
• ALL TIME*: 19.76%

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

SETM vs. GRNY - Yearly Performance Comparison

	2026 (YTD)	2025	2024
SETM Sprott Critical Materials ETF	-2.45%	95.27%	-14.26%
GRNY Fundstrat Granny Shots U.S. Large Cap ETF	9.98%	24.05%	-0.45%

Correlation

The correlation between SETM and GRNY is 0.56, which is moderate. They share some common price drivers but move independently often enough to provide real diversification benefit when combined.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.56
Correlation (All Time) Calculated using the full available price history since Nov 7, 2024	0.50

The correlation between SETM and GRNY has been stable across timeframes, ranging from 0.50 to 0.56 - a consistent structural relationship.

Return for Risk

SETM vs. GRNY — Risk / Return Rank

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

SETM

SETM Risk / Return Rank: 36
SETM Sharpe Ratio Rank: 34
SETM Sortino Ratio Rank: 35
SETM Omega Ratio Rank: 35
SETM Calmar Ratio Rank: 39
SETM Martin Ratio Rank: 35

GRNY

GRNY Risk / Return Rank: 35
GRNY Sharpe Ratio Rank: 35
GRNY Sortino Ratio Rank: 33
GRNY Omega Ratio Rank: 32
GRNY Calmar Ratio Rank: 38
GRNY Martin Ratio Rank: 38

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.

SETM vs. GRNY - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Sprott Critical Materials ETF (SETM) 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.

	SETM	GRNY	Difference
Sharpe ratio: Return per unit of total volatility	0.95	0.96	-0.01
Sortino ratio: Return per unit of downside risk	1.43	1.39	+0.05
Omega ratio: Gain probability vs. loss probability	1.18	1.17	+0.01
Calmar ratio: Return relative to maximum drawdown	1.53	1.49	+0.04
Martin ratio: Return relative to average drawdown	3.99	4.48	-0.49

SETM vs. GRNY - Sharpe Ratio Comparison

The current SETM Sharpe Ratio is 0.95, which is comparable to the GRNY Sharpe Ratio of 0.96. The chart below compares the historical Sharpe Ratios of SETM 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

SETM vs. GRNY - Drawdown Comparison

The maximum SETM drawdown since its inception was -42.81%, which is greater than GRNY's maximum drawdown of -24.18%. Use the drawdown chart below to compare losses from any high point for SETM and GRNY.

Drawdown Indicators

	SETM	GRNY	Difference
Max Drawdown Largest peak-to-trough decline	-42.81%	-24.18%	-18.63%
Max Drawdown (1Y) Largest decline over 1 year	-28.92%	-11.63%	-17.29%
Max Drawdown (3Y) Largest decline over 3 years	-42.81%	—	—
Current Drawdown Current decline from peak	-28.92%	-2.68%	-26.24%
Average Drawdown Average peak-to-trough decline	-15.21%	-3.84%	-11.37%
Ulcer Index Depth and duration of drawdowns from previous peaks	11.09%	3.86%	+7.23%

Volatility

SETM vs. GRNY - Volatility Comparison

Sprott Critical Materials ETF (SETM) has a higher volatility of 9.73% compared to Fundstrat Granny Shots U.S. Large Cap ETF (GRNY) at 4.09%. This indicates that SETM'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

	SETM	GRNY	Difference
Volatility (1M) Calculated over the trailing 1-month period	9.73%	4.09%	+5.64%
Volatility (6M) Calculated over the trailing 6-month period	37.09%	13.02%	+24.07%
Volatility (1Y) Calculated over the trailing 1-year period	46.76%	18.06%	+28.70%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	37.18%	22.80%	+14.38%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	37.18%	22.80%	+14.38%

SETM vs. GRNY - Expense Ratio Comparison

SETM has a 0.65% expense ratio, which is lower than GRNY's 0.75% expense ratio.

Dividends

SETM vs. GRNY - Dividend Comparison

SETM's dividend yield for the trailing twelve months is around 1.60%, more than GRNY's 0.07% yield.

Position	TTM	2025	2024	2023
GRNY Fundstrat Granny Shots U.S. Large Cap ETF	0.07%	0.00%	0.00%	0.00%
SETM Sprott Critical Materials ETF	1.60%	1.56%	2.07%	2.47%

Frequently Asked Questions

Can I hold both SETM and GRNY in my portfolio?

SETM and GRNY have a correlation of 0.56, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, SETM or GRNY?

SETM has higher volatility (9.73%) compared to GRNY (4.09%). In terms of maximum drawdown, SETM dropped -42.81% vs GRNY's -24.18%.

Which ETF is better, SETM or GRNY?

On 1-year performance, SETM leads with 44.18% vs 17.27% for GRNY. On fees, SETM is cheaper at 0.65% per year. On volatility, GRNY has been the lower-risk option at 4.09%. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF has performed better, SETM or GRNY?

Over the 1-year period, SETM has performed better with a 44.18% return vs 17.27%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, SETM or GRNY?

SETM is cheaper with a 0.65% expense ratio, compared with 0.75% for GRNY.

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

SETM has the higher dividend yield at 1.60%, compared with 0.07% for GRNY.

What is the main difference between SETM and GRNY?

SETM is categorized as Materials, while GRNY is Large Cap Blend Equities. They also come from different issuers: Sprott and Tidal ETFs. Their fees differ too: 0.65% for SETM and 0.75% for GRNY.

Which has better risk-adjusted returns?

GRNY currently has the higher Sharpe Ratio (0.96 vs 0.95), 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.