GRNI vs SPY
Fundstrat Granny Shots US Large Cap & Income ETF vs State Street SPDR S&P 500 ETF Trust
Which is better, GRNI or SPY?
SPY costs less.
SPY has a lower expense ratio. GRNI is less concentrated, with 27.3% of the fund in its ten largest positions against 37.8%.
MarketXLS is not an investment adviser. This comparison is generated automatically from market data and is for information only. A Best mark means the better reading on that one measure, not a recommendation to buy.
Side-by-Side Comparison
| Metric | GRNI | SPY |
|---|---|---|
| Expense Ratio | 0.99% | 0.09%Best |
| AUM | $56M | $804.7B |
| Dividend Yield | 8.18% | 0.98% |
| Holdings | 135 | 505 |
| YTD Return | +8.20% | +10.96%Best |
| 1Y Return | - | +15.52% |
| 3Y Return (annualized) | - | +20.73% |
| 5Y Return (annualized) | - | +12.53% |
| Top 10 Weight | 27.3%Best | 37.8% |
| Fund Family | Fundstrat Capital | State Street Investment Management |
| Category | Equity | Equity |
| Style | Large Cap Blend | Large Cap Blend |
| Inception | Nov 17, 2025 | Jan 22, 1993 |
Not shown on this pair: Volatility (annualized), Max Drawdown, $10,000 over the window.
GRNI vs SPY growth
Month-end closes. Both lines start at 0% in the first month shown, so the gap between them is the difference in growth across that window. The full view is available from the range buttons; it is not the opening view here because over the whole period one of these two funds moves so much further than the other that its line would sit flat on the axis.
GRNI vs SPY Performance
Fundstrat Granny Shots US Large Cap & Income ETF (GRNI) is an ETF from Fundstrat Capital and State Street SPDR S&P 500 ETF Trust (SPY) is an ETF from State Street Investment Management. Year to date, GRNI is up 8.20% versus a gain of 10.96% for SPY.
Past performance does not guarantee future results.
Fees and Cost Over Time
GRNI charges 0.99% per year while SPY charges 0.09%. On a $10,000 position that is $99 vs $9 annually, a gap of $90 per year that compounds over a long holding period. On income, GRNI currently yields 8.18% against 0.98% for SPY.
Holdings Overlap
95.7% of GRNI's money is in holdings SPY also owns. 46.0% of SPY's money is in holdings GRNI also owns.
Most of GRNI is already inside SPY. Owning both mostly buys the same companies twice.
The two holdings books were reported 63 days apart, GRNI as of Jun 30, 2026 and SPY as of Sep 1, 2026, so some of the difference between them is the time between the two reports rather than the funds.
41 positions in common, counted across the 44 positions we hold weights for in GRNI and 504 in SPY, against full books of 135 and 505.
What only one of them owns
Our book lists 456 positions for SPY that do not appear in our book for GRNI (53.3% of the fund), and 3 for GRNI that do not appear in SPY (1.3%).
Some of those will be the same company recorded under a different code in one of the two books, so the real difference in what you would own is no larger than this and may be smaller. We do not name the individual positions here for that reason.
Top Shared Holdings
| Stock | Weight in GRNI | Weight in SPY | Difference |
|---|---|---|---|
| NVDANvidia Corp | 2.14% | 8.01% | 5.87% |
| AAPLApple, Inc | 2.42% | 7.26% | 4.84% |
| MSFTMicrosoft Corp | 2.07% | 5.66% | 3.59% |
| AMZNAmazon.Com Inc | 2.01% | 3.79% | 1.78% |
| GOOGLAlphabet Inc,class A | 1.87% | 2.99% | 1.12% |
| AVGOBroadcom Inc | 2.14% | 2.66% | 0.52% |
| METAMeta Platforms Inc | 2.27% | 1.93% | 0.34% |
| JPMJpmorgan Chase | 2.64% | 1.45% | 1.19% |
| LLYEli Lilly & Co. | 2.66% | 1.40% | 1.26% |
| AMDAdvanced Micro Devices Inc | 2.77% | 1.14% | 1.63% |
95.7% of GRNI is already inside SPY.
You probably hold more than these two. Add the rest and see how much of the whole book is the same companies twice.
Free for up to 10 holdings. No account needed.
Frequently Asked Questions
Which is cheaper, GRNI or SPY?
GRNI has an expense ratio of 0.99% while SPY charges 0.09%. SPY is the cheaper option, by $90 a year on a $10,000 investment.
What is the holdings overlap between GRNI and SPY?
95.7% of GRNI's money is in holdings SPY also owns. 46.0% of SPY's is in holdings GRNI also owns. They hold 41 positions in common, counted across the 44 positions we hold weights for in GRNI and 504 in SPY.
Which pays a higher dividend, GRNI or SPY?
GRNI yields 8.18% while SPY yields 0.98%, so GRNI currently pays the higher dividend yield.
Is SPY better than GRNI?
SPY has a lower expense ratio. GRNI is less concentrated, with 27.3% of the fund in its ten largest positions against 37.8%. Which one suits a particular account depends on what it is for. This is information, not a recommendation.