XLI vs. GRNY
XLI (Industrial Select Sector SPDR Fund) and GRNY (Fundstrat Granny Shots U.S. Large Cap ETF) are both exchange-traded funds - XLI is a Industrials Equities fund tracking the Industrial Select Sector Index, while GRNY is a Large Cap Blend Equities fund actively managed by Tidal ETFs. XLI is passively managed, while GRNY is actively managed. Over the past year, XLI returned 21.42% vs 26.59% for GRNY. A 0.74 correlation means they provide meaningful diversification when combined. XLI charges 0.08%/yr vs 0.75%/yr for GRNY.
Performance
XLI vs. GRNY - Performance Comparison
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Returns By Period
In the year-to-date period, XLI achieves a 12.25% return, which is significantly higher than GRNY's 9.21% return.
XLI
- 1D
- -0.32%
- 1M
- 0.25%
- YTD
- 12.25%
- 6M
- 13.16%
- 1Y
- 21.42%
- 3Y*
- 21.04%
- 5Y*
- 12.54%
- 10Y*
- 13.86%
GRNY
- 1D
- 0.52%
- 1M
- 0.19%
- YTD
- 9.21%
- 6M
- 7.56%
- 1Y
- 26.59%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
XLI vs. GRNY - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | |
|---|---|---|---|
XLI Industrial Select Sector SPDR Fund | 12.25% | 19.35% | -5.80% |
GRNY Fundstrat Granny Shots U.S. Large Cap ETF | 9.21% | 24.05% | -1.09% |
Correlation
The correlation between XLI and GRNY is 0.70, 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 | 0.70 |
Correlation (All Time) Calculated using the full available price history since Nov 8, 2024 | 0.74 |
The correlation between XLI and GRNY has been stable across timeframes, ranging from 0.70 to 0.74 - a consistent structural relationship.
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Return for Risk
XLI vs. GRNY — Risk / Return Rank
XLI
GRNY
XLI vs. GRNY - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Industrial Select Sector SPDR Fund (XLI) 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.
| XLI | GRNY | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.11 | ||
| Sortino ratioReturn per unit of downside risk | +0.03 | ||
| Omega ratioGain probability vs. loss probability | 1.24 | 1.26 | -0.02 |
| Calmar ratioReturn relative to maximum drawdown | 1.76 | 2.30 | -0.54 |
| Martin ratioReturn relative to average drawdown | 6.97 | 7.00 | -0.03 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
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Sharpe Ratios by Period
| XLI | GRNY | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 1.39 | 1.50 | -0.11 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.72 | — | — |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.70 | — | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.45 | 0.89 | -0.43 |
Drawdowns
XLI vs. GRNY - Drawdown Comparison
The maximum XLI drawdown since its inception was -62.26%, which is greater than GRNY's maximum drawdown of -24.18%. Use the drawdown chart below to compare losses from any high point for XLI and GRNY.
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Drawdown Indicators
| XLI | GRNY | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -62.26% | -24.18% | -38.08% |
Max Drawdown (1Y)Largest decline over 1 year | -12.21% | -11.63% | -0.58% |
Max Drawdown (3Y)Largest decline over 3 years | -18.49% | — | — |
Max Drawdown (5Y)Largest decline over 5 years | -21.64% | — | — |
Max Drawdown (10Y)Largest decline over 10 years | -42.33% | — | — |
Current DrawdownCurrent decline from peak | -2.67% | -2.59% | -0.08% |
Average DrawdownAverage peak-to-trough decline | -9.20% | -4.01% | -5.19% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 3.08% | 3.81% | -0.73% |
Volatility
XLI vs. GRNY - Volatility Comparison
The current volatility for Industrial Select Sector SPDR Fund (XLI) is 3.98%, while Fundstrat Granny Shots U.S. Large Cap ETF (GRNY) has a volatility of 5.02%. This indicates that XLI experiences smaller price fluctuations and is considered to be less risky than GRNY based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| XLI | GRNY | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 3.98% | 5.02% | -1.04% |
Volatility (6M)Calculated over the trailing 6-month period | 12.84% | 13.09% | -0.25% |
Volatility (1Y)Calculated over the trailing 1-year period | 15.47% | 17.86% | -2.39% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 17.43% | 23.25% | -5.82% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 19.99% | 23.25% | -3.26% |
XLI vs. GRNY - Expense Ratio Comparison
XLI has a 0.08% expense ratio, which is lower than GRNY's 0.75% expense ratio.
Dividends
XLI vs. GRNY - Dividend Comparison
XLI's dividend yield for the trailing twelve months is around 1.18%, 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% |
XLI Industrial Select Sector SPDR Fund | 1.18% | 1.29% | 1.44% | 1.63% | 1.63% | 1.25% | 1.55% | 1.94% | 2.15% | 1.77% | 2.07% | 2.15% |
Frequently Asked Questions
XLI and GRNY have a correlation of 0.70, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
GRNY has higher volatility (5.02%) compared to XLI (3.98%). In terms of maximum drawdown, XLI dropped -62.26% vs GRNY's -24.18%.
On 1-year performance, GRNY leads with 26.59% vs 21.42% for XLI. On fees, XLI is cheaper at 0.08% per year. On volatility, XLI has been the lower-risk option at 3.98%. The better choice depends on whether you care most about return, fees, risk, or income.
Over the 1-year period, GRNY has performed better with a 26.59% return vs 21.42%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.
XLI is cheaper with a 0.08% expense ratio, compared with 0.75% for GRNY.
XLI has the higher dividend yield at 1.18%, compared with 0.00% for GRNY.
XLI is categorized as Industrials Equities, while GRNY is Large Cap Blend Equities. They also come from different issuers: State Street and Tidal ETFs. Their fees differ too: 0.08% for XLI and 0.75% for GRNY.
GRNY currently has the higher Sharpe Ratio (1.50 vs 1.39), 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.
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