UPAR vs. GRNI
UPAR (UPAR Ultra Risk Parity ETF) and GRNI (Fundstrat Granny Shots US Large Cap & Income ETF) are both exchange-traded funds - UPAR is a Diversified Portfolio fund tracking the NONE, while GRNI is a Derivative Income fund actively managed by Tidal. UPAR is passively managed, while GRNI is actively managed. Their 0.66 correlation means they have sometimes moved together and sometimes differently. UPAR charges 0.65%/yr vs 0.99%/yr for GRNI.
Performance
UPAR vs. GRNI - Performance Comparison
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Returns By Period
In the year-to-date period, UPAR achieves a 3.37% return, which is significantly lower than GRNI's 7.63% return.
UPAR
- 1D
- -0.88%
- 1M
- -2.83%
- 6M
- -2.26%
- YTD
- 3.37%
- 1Y
- 15.74%
- 3Y*
- 8.22%
- 5Y*
- —
- 10Y*
- —
- ALL TIME*
- -1.97%
GRNI
- 1D
- 0.78%
- 1M
- -1.58%
- 6M
- 6.26%
- YTD
- 7.63%
- 1Y
- —
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
- ALL TIME*
- —
Liquidity Comparison
| Position | Avg. Volume Value (2W) | Avg. Volume Value (1M) | Avg. Volume Value (3M) |
|---|---|---|---|
| $815.80K | $598.17K | $720.77K | |
| $78.06K | $57.40K | $209.69K |
UPAR vs. GRNI - Yearly Performance Comparison
| 2026 (YTD) | 2025 | |
|---|---|---|
UPAR UPAR Ultra Risk Parity ETF | 3.37% | 1.84% |
GRNI Fundstrat Granny Shots US Large Cap & Income ETF | 7.63% | 2.24% |
Correlation
The correlation between UPAR and GRNI is 0.66, which is moderate. They have sometimes moved together and sometimes differently, sharing some price drivers without tracking each other closely.
| Correlation | |
|---|---|
Correlation (All Time) Calculated using the full available price history since Nov 18, 2025 | 0.66 |
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Return for Risk
UPAR vs. GRNI — Risk / Return Rank
UPAR
GRNI
Risk / return metrics aren't available yet — we need at least 12 months of trading data to calculate them.
UPAR vs. GRNI - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for UPAR Ultra Risk Parity ETF (UPAR) and Fundstrat Granny Shots US Large Cap & Income ETF (GRNI). 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.
| UPAR | GRNI | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | — | — | |
| Sortino ratioReturn per unit of downside risk | — | — | |
| Omega ratioGain probability vs. loss probability | 1.21 | — | — |
| Calmar ratioReturn relative to maximum drawdown | 1.46 | — | — |
| Martin ratioReturn relative to average drawdown | 3.61 | — | — |
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Drawdowns
UPAR vs. GRNI - Drawdown Comparison
The maximum UPAR drawdown since its inception was -39.54%, which is greater than GRNI's maximum drawdown of -9.55%. Use the drawdown chart below to compare losses from any high point for UPAR and GRNI.
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Drawdown Indicators
| UPAR | GRNI | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -39.54% | -9.55% | -29.99% |
Max Drawdown (1Y)Largest decline over 1 year | -11.13% | — | — |
Max Drawdown (3Y)Largest decline over 3 years | -16.04% | — | — |
Current DrawdownCurrent decline from peak | -9.76% | -2.47% | -7.29% |
Average DrawdownAverage peak-to-trough decline | -21.91% | -2.03% | -19.88% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 4.51% | — | — |
Volatility
UPAR vs. GRNI - Volatility Comparison
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Volatility by Period
| UPAR | GRNI | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 3.57% | — | — |
Volatility (6M)Calculated over the trailing 6-month period | 12.30% | — | — |
Volatility (1Y)Calculated over the trailing 1-year period | 14.31% | 16.90% | -2.59% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 17.97% | 16.90% | +1.07% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 17.97% | 16.90% | +1.07% |
UPAR vs. GRNI - Expense Ratio Comparison
UPAR has a 0.65% expense ratio, which is lower than GRNI's 0.99% expense ratio.
Dividends
UPAR vs. GRNI - Dividend Comparison
UPAR's dividend yield for the trailing twelve months is around 3.41%, less than GRNI's 6.63% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 |
|---|---|---|---|---|---|
GRNI Fundstrat Granny Shots US Large Cap & Income ETF | 6.63% | 0.83% | 0.00% | 0.00% | 0.00% |
UPAR UPAR Ultra Risk Parity ETF | 3.41% | 3.28% | 3.32% | 3.04% | 4.73% |
Frequently Asked Questions
UPAR and GRNI 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.
On fees, UPAR is cheaper at 0.65% per year. The better choice depends on whether you care most about return, fees, risk, or income.
UPAR is cheaper with a 0.65% expense ratio, compared with 0.99% for GRNI.
GRNI has the higher dividend yield at 6.63%, compared with 3.41% for UPAR.
UPAR is categorized as Diversified Portfolio, while GRNI is Derivative Income. Their fees differ too: 0.65% for UPAR and 0.99% for GRNI.
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