TRPA vs. GRNJ

Last updated Jul 18, 2026

TRPA (Hartford AAA CLO ETF) and GRNJ (Fundstrat Granny Shots US Small- & Mid-Cap ETF) are both exchange-traded funds - TRPA is a CLO fund actively managed by Hartford, while GRNJ is a Mid Cap Blend Equities fund actively managed by Fundstrat. Both are actively managed. At a 0.12 correlation, their price movements are largely independent. TRPA charges 0.24%/yr vs 0.75%/yr for GRNJ.

Performance

TRPA vs. GRNJ - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Hartford AAA CLO ETF (TRPA) 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, TRPA achieves a 2.45% return, which is significantly lower than GRNJ's 11.39% return.

TRPA

• 1D: 0.00%
• 1M: 0.20%
• 6M: 2.37%
• YTD: 2.45%
• 1Y: 4.88%
• 3Y*: —
• 5Y*: —
• 10Y*: —

GRNJ

• 1D: -0.49%
• 1M: -9.10%
• 6M: -1.21%
• YTD: 11.39%
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —

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

TRPA vs. GRNJ - Yearly Performance Comparison

	2026 (YTD)	2025
TRPA Hartford AAA CLO ETF	2.45%	0.71%
GRNJ Fundstrat Granny Shots US Small- & Mid-Cap ETF	11.39%	6.02%

Correlation

The correlation between TRPA and GRNJ is 0.12, 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 18, 2025	0.12

Return for Risk

TRPA vs. GRNJ — Risk / Return Rank

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

TRPA

TRPA Risk / Return Rank: 94
TRPA Sharpe Ratio Rank: 89
TRPA Sortino Ratio Rank: 93
TRPA Omega Ratio Rank: 92
TRPA Calmar Ratio Rank: 97
TRPA Martin Ratio Rank: 97

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.

TRPA vs. GRNJ - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Hartford AAA CLO ETF (TRPA) 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.

	TRPA	GRNJ	Difference
Sharpe ratio: Return per unit of total volatility	2.30	—	—
Sortino ratio: Return per unit of downside risk	3.65	—	—
Omega ratio: Gain probability vs. loss probability	1.47	—	—
Calmar ratio: Return relative to maximum drawdown	8.02	—	—
Martin ratio: Return relative to average drawdown	34.89	—	—

Drawdowns

TRPA vs. GRNJ - Drawdown Comparison

The maximum TRPA drawdown since its inception was -0.61%, smaller than the maximum GRNJ drawdown of -17.32%. Use the drawdown chart below to compare losses from any high point for TRPA and GRNJ.

Drawdown Indicators

	TRPA	GRNJ	Difference
Max Drawdown Largest peak-to-trough decline	-0.61%	-17.32%	+16.71%
Max Drawdown (1Y) Largest decline over 1 year	-0.61%	—	—
Current Drawdown Current decline from peak	0.00%	-12.70%	+12.70%
Average Drawdown Average peak-to-trough decline	-0.09%	-4.47%	+4.38%
Ulcer Index Depth and duration of drawdowns from previous peaks	0.14%	—	—

Volatility

Volatility by Period

	TRPA	GRNJ	Difference
Volatility (1M) Calculated over the trailing 1-month period	0.26%	—	—
Volatility (6M) Calculated over the trailing 6-month period	1.39%	—	—
Volatility (1Y) Calculated over the trailing 1-year period	2.13%	30.39%	-28.26%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	2.27%	30.39%	-28.12%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	2.27%	30.39%	-28.12%

TRPA vs. GRNJ - Expense Ratio Comparison

TRPA has a 0.24% expense ratio, which is lower than GRNJ's 0.75% expense ratio.

Dividends

TRPA vs. GRNJ - Dividend Comparison

TRPA's dividend yield for the trailing twelve months is around 5.15%, while GRNJ has not paid dividends to shareholders.

Position	TTM	2025
GRNJ Fundstrat Granny Shots US Small- & Mid-Cap ETF	0.00%	0.00%
TRPA Hartford AAA CLO ETF	5.15%	4.14%

Frequently Asked Questions

Can I hold both TRPA and GRNJ in my portfolio?

TRPA and GRNJ have a correlation of 0.12, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which ETF is better, TRPA or GRNJ?

On fees, TRPA is cheaper at 0.24% per year. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF is cheaper, TRPA or GRNJ?

TRPA is cheaper with a 0.24% expense ratio, compared with 0.75% for GRNJ.

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

TRPA has the higher dividend yield at 5.15%, compared with 0.00% for GRNJ.

What is the main difference between TRPA and GRNJ?

TRPA is categorized as CLO, while GRNJ is Mid Cap Blend Equities. They also come from different issuers: Hartford and Fundstrat. Their fees differ too: 0.24% for TRPA and 0.75% for GRNJ.