XLK vs. GRNY
XLK (State Street Technology Select Sector SPDR ETF) and GRNY (Fundstrat Granny Shots U.S. Large Cap ETF) are both exchange-traded funds - XLK is a Technology Equities fund tracking the S&P Technology Select Sector Daily Capped 35/20 Index, while GRNY is a Large Cap Blend Equities fund actively managed by Tidal ETFs. XLK is passively managed, while GRNY is actively managed. Over the past year, XLK returned 55.42% vs 26.59% for GRNY. Their correlation of 0.87 suggests significant overlap in exposure. XLK charges 0.08%/yr vs 0.75%/yr for GRNY.
Performance
XLK vs. GRNY - Performance Comparison
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Returns By Period
In the year-to-date period, XLK achieves a 28.09% return, which is significantly higher than GRNY's 9.21% return.
XLK
- 1D
- 2.15%
- 1M
- 4.93%
- YTD
- 28.09%
- 6M
- 25.10%
- 1Y
- 55.42%
- 3Y*
- 31.33%
- 5Y*
- 22.26%
- 10Y*
- 25.04%
GRNY
- 1D
- 0.52%
- 1M
- 0.19%
- YTD
- 9.21%
- 6M
- 7.56%
- 1Y
- 26.59%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
XLK vs. GRNY - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | |
|---|---|---|---|
XLK State Street Technology Select Sector SPDR ETF | 28.09% | 24.61% | -1.90% |
GRNY Fundstrat Granny Shots U.S. Large Cap ETF | 9.21% | 24.05% | -1.09% |
Correlation
The correlation between XLK and GRNY is 0.84, indicating a strong positive relationship between their price movements. Combining them offers limited diversification - they tend to fall together during downturns.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.84 |
Correlation (All Time) Calculated using the full available price history since Nov 8, 2024 | 0.87 |
The correlation between XLK and GRNY has been stable across timeframes, ranging from 0.84 to 0.87 - a consistent structural relationship.
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Return for Risk
XLK vs. GRNY — Risk / Return Rank
XLK
GRNY
XLK vs. GRNY - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for State Street Technology Select Sector SPDR ETF (XLK) 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.
| XLK | GRNY | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +1.03 | ||
| Sortino ratioReturn per unit of downside risk | +1.03 | ||
| Omega ratioGain probability vs. loss probability | 1.42 | 1.26 | +0.16 |
| Calmar ratioReturn relative to maximum drawdown | 3.50 | 2.30 | +1.20 |
| Martin ratioReturn relative to average drawdown | 11.58 | 7.00 | +4.58 |
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
| XLK | GRNY | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 2.53 | 1.50 | +1.03 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.89 | — | — |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 1.02 | — | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.41 | 0.89 | -0.48 |
Drawdowns
XLK vs. GRNY - Drawdown Comparison
The maximum XLK drawdown since its inception was -82.05%, which is greater than GRNY's maximum drawdown of -24.18%. Use the drawdown chart below to compare losses from any high point for XLK and GRNY.
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Drawdown Indicators
| XLK | GRNY | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -82.05% | -24.18% | -57.87% |
Max Drawdown (1Y)Largest decline over 1 year | -15.92% | -11.63% | -4.29% |
Max Drawdown (3Y)Largest decline over 3 years | -25.66% | — | — |
Max Drawdown (5Y)Largest decline over 5 years | -33.56% | — | — |
Max Drawdown (10Y)Largest decline over 10 years | -33.56% | — | — |
Current DrawdownCurrent decline from peak | -7.08% | -2.59% | -4.49% |
Average DrawdownAverage peak-to-trough decline | -34.95% | -4.01% | -30.94% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 4.80% | 3.81% | +0.99% |
Volatility
XLK vs. GRNY - Volatility Comparison
State Street Technology Select Sector SPDR ETF (XLK) has a higher volatility of 10.42% compared to Fundstrat Granny Shots U.S. Large Cap ETF (GRNY) at 5.02%. This indicates that XLK'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.
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Volatility by Period
| XLK | GRNY | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 10.42% | 5.02% | +5.40% |
Volatility (6M)Calculated over the trailing 6-month period | 18.32% | 13.09% | +5.23% |
Volatility (1Y)Calculated over the trailing 1-year period | 22.08% | 17.86% | +4.22% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 25.10% | 23.25% | +1.85% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 24.60% | 23.25% | +1.35% |
XLK vs. GRNY - Expense Ratio Comparison
XLK has a 0.08% expense ratio, which is lower than GRNY's 0.75% expense ratio.
Dividends
XLK vs. GRNY - Dividend Comparison
XLK's dividend yield for the trailing twelve months is around 0.41%, 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% |
XLK State Street Technology Select Sector SPDR ETF | 0.41% | 0.54% | 0.66% | 0.76% | 1.04% | 0.65% | 0.92% | 1.16% | 1.60% | 1.37% | 1.74% | 1.79% |
Frequently Asked Questions
XLK and GRNY have a correlation of 0.84, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
XLK has higher volatility (10.42%) compared to GRNY (5.02%). In terms of maximum drawdown, XLK dropped -82.05% vs GRNY's -24.18%.
On 1-year performance, XLK leads with 55.42% vs 26.59% for GRNY. On fees, XLK is cheaper at 0.08% 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.
Over the 1-year period, XLK has performed better with a 55.42% return vs 26.59%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.
XLK is cheaper with a 0.08% expense ratio, compared with 0.75% for GRNY.
XLK has the higher dividend yield at 0.41%, compared with 0.00% for GRNY.
XLK is categorized as Technology 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 XLK and 0.75% for GRNY.
XLK currently has the higher Sharpe Ratio (2.53 vs 1.50), 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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