XLB vs. GRNY

Last updated Jun 9, 2026

XLB (Materials Select Sector SPDR ETF) and GRNY (Fundstrat Granny Shots U.S. Large Cap ETF) are both exchange-traded funds - XLB is a Materials fund tracking the Materials Select Sector Index, while GRNY is a Large Cap Blend Equities fund actively managed by Tidal ETFs. XLB is passively managed, while GRNY is actively managed. Over the past year, XLB returned 16.06% vs 26.59% for GRNY. A 0.51 correlation means they provide meaningful diversification when combined. XLB charges 0.13%/yr vs 0.75%/yr for GRNY.

Performance

XLB vs. GRNY - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Materials Select Sector SPDR ETF (XLB) 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, XLB achieves a 10.66% return, which is significantly higher than GRNY's 9.21% return.

XLB

• 1D: -1.32%
• 1M: -3.16%
• YTD: 10.66%
• 6M: 16.01%
• 1Y: 16.06%
• 3Y*: 10.29%
• 5Y*: 5.04%
• 10Y*: 9.85%

GRNY

• 1D: 0.52%
• 1M: 0.19%
• YTD: 9.21%
• 6M: 7.56%
• 1Y: 26.59%
• 3Y*: —
• 5Y*: —
• 10Y*: —

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

XLB vs. GRNY - Yearly Performance Comparison

	2026 (YTD)	2025	2024
XLB Materials Select Sector SPDR ETF	10.66%	9.94%	-11.29%
GRNY Fundstrat Granny Shots U.S. Large Cap ETF	9.21%	24.05%	-1.09%

Correlation

The correlation between XLB and GRNY is 0.45, which is low. Their price movements are largely independent, making them effective diversification partners.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.45
Correlation (All Time) Calculated using the full available price history since Nov 8, 2024	0.51

The correlation between XLB and GRNY has been stable across timeframes, ranging from 0.45 to 0.51 - a consistent structural relationship.

Return for Risk

XLB vs. GRNY — Risk / Return Rank

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

XLB

XLB Risk / Return Rank: 29
XLB Sharpe Ratio Rank: 29
XLB Sortino Ratio Rank: 29
XLB Omega Ratio Rank: 27
XLB Calmar Ratio Rank: 29
XLB Martin Ratio Rank: 30

GRNY

GRNY Risk / Return Rank: 47
GRNY Sharpe Ratio Rank: 47
GRNY Sortino Ratio Rank: 45
GRNY Omega Ratio Rank: 44
GRNY Calmar Ratio Rank: 51
GRNY Martin Ratio Rank: 46

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.

XLB vs. GRNY - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Materials Select Sector SPDR ETF (XLB) 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.

	XLB	GRNY	Difference
Sharpe ratio: Return per unit of total volatility	0.95	1.50	-0.54
Sortino ratio: Return per unit of downside risk	1.43	2.03	-0.60
Omega ratio: Gain probability vs. loss probability	1.17	1.26	-0.09
Calmar ratio: Return relative to maximum drawdown	1.30	2.30	-0.99
Martin ratio: Return relative to average drawdown	4.02	7.00	-2.98
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

XLB vs. GRNY - Sharpe Ratio Comparison

The current XLB Sharpe Ratio is 0.95, which is lower than the GRNY Sharpe Ratio of 1.50. The chart below compares the historical Sharpe Ratios of XLB 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.

Sharpe Ratios by Period

	XLB	GRNY	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	0.95	1.50	-0.54
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	0.27	—	—
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	0.48	—	—
Sharpe Ratio (All Time) Calculated using the full available price history	0.35	0.89	-0.53

Drawdowns

XLB vs. GRNY - Drawdown Comparison

The maximum XLB drawdown since its inception was -59.83%, which is greater than GRNY's maximum drawdown of -24.18%. Use the drawdown chart below to compare losses from any high point for XLB and GRNY.

Drawdown Indicators

	XLB	GRNY	Difference
Max Drawdown Largest peak-to-trough decline	-59.83%	-24.18%	-35.65%
Max Drawdown (1Y) Largest decline over 1 year	-12.38%	-11.63%	-0.75%
Max Drawdown (3Y) Largest decline over 3 years	-23.17%	—	—
Max Drawdown (5Y) Largest decline over 5 years	-24.72%	—	—
Max Drawdown (10Y) Largest decline over 10 years	-37.27%	—	—
Current Drawdown Current decline from peak	-6.41%	-2.59%	-3.82%
Average Drawdown Average peak-to-trough decline	-10.84%	-4.01%	-6.83%
Ulcer Index Depth and duration of drawdowns from previous peaks	4.00%	3.81%	+0.19%

Volatility

XLB vs. GRNY - Volatility Comparison

Materials Select Sector SPDR ETF (XLB) has a higher volatility of 5.32% compared to Fundstrat Granny Shots U.S. Large Cap ETF (GRNY) at 5.02%. This indicates that XLB'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

	XLB	GRNY	Difference
Volatility (1M) Calculated over the trailing 1-month period	5.32%	5.02%	+0.30%
Volatility (6M) Calculated over the trailing 6-month period	13.02%	13.09%	-0.07%
Volatility (1Y) Calculated over the trailing 1-year period	16.95%	17.86%	-0.91%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	18.96%	23.25%	-4.29%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	20.66%	23.25%	-2.59%

XLB vs. GRNY - Expense Ratio Comparison

XLB has a 0.13% expense ratio, which is lower than GRNY's 0.75% expense ratio.

Dividends

XLB vs. GRNY - Dividend Comparison

XLB's dividend yield for the trailing twelve months is around 1.75%, while GRNY has not paid dividends to shareholders.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
GRNY Fundstrat Granny Shots U.S. Large Cap ETF	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
XLB Materials Select Sector SPDR ETF	1.75%	1.92%	1.92%	2.00%	2.26%	1.62%	1.72%	1.98%	2.20%	1.66%	1.95%	2.24%

Frequently Asked Questions

Can I hold both XLB and GRNY in my portfolio?

XLB and GRNY have a correlation of 0.45, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, XLB or GRNY?

XLB has higher volatility (5.32%) compared to GRNY (5.02%). In terms of maximum drawdown, XLB dropped -59.83% vs GRNY's -24.18%.

Which ETF is better, XLB or GRNY?

On 1-year performance, GRNY leads with 26.59% vs 16.06% for XLB. On fees, XLB is cheaper at 0.13% per year. On volatility, GRNY has been the lower-risk option at 5.02%. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF has performed better, XLB or GRNY?

Over the 1-year period, GRNY has performed better with a 26.59% return vs 16.06%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, XLB or GRNY?

XLB is cheaper with a 0.13% expense ratio, compared with 0.75% for GRNY.

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

XLB has the higher dividend yield at 1.75%, compared with 0.00% for GRNY.

What is the main difference between XLB and GRNY?

XLB is categorized as Materials, while GRNY is Large Cap Blend Equities. They also come from different issuers: State Street and Tidal ETFs. Their fees differ too: 0.13% for XLB and 0.75% for GRNY.

Which has better risk-adjusted returns?

GRNY currently has the higher Sharpe Ratio (1.50 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.