GRNJ vs SPY
Fundstrat Granny Shots US Small- & Mid-Cap ETF vs State Street SPDR S&P 500 ETF Trust
Quick Verdict
SPY has a lower expense ratio. SPY offers more diversification with 505 holdings.
Side-by-Side Comparison
| Metric | GRNJ | SPY | Winner |
|---|---|---|---|
| Expense Ratio | 0.75% | 0.09% | |
| AUM | $512M | $814.4B | |
| Dividend Yield | 0.00% | 1.01% | |
| Holdings | 63 | 505 | |
| YTD Return | +8.07% | +12.60% | |
| 1Y Return | - | +20.83% | |
| 3Y Return (annualized) | - | +20.98% | |
| 5Y Return (annualized) | - | +12.56% | |
| Volatility (annualized) | - | 15.3% | |
| Max Drawdown | -17.4% | -56.5% | |
| Fund Family | Fundstrat Capital | State Street Investment Management | |
| Category | Equity | Equity | |
| Inception | Nov 17, 2025 | Jan 22, 1993 |
GRNJ vs SPY Performance
Fundstrat Granny Shots US Small- & Mid-Cap ETF (GRNJ) is a ETF from Fundstrat Capital and State Street SPDR S&P 500 ETF Trust (SPY) is a ETF from State Street Investment Management. Year to date, GRNJ is up 8.07% versus a gain of 12.60% for SPY.
Risk: Volatility and Drawdowns
The deepest peak-to-trough decline in our data was -17.4% for GRNJ and -56.5% for SPY. Drawdown depth is worth weighing if you expect to sell during market stress rather than ride it out.
Fees and Cost Over Time
GRNJ charges 0.75% per year while SPY charges 0.09%. On a $10,000 position that is $75 vs $9 annually, a gap of $66 per year that compounds over a long holding period. On income, GRNJ currently yields 0.00% against 1.01% for SPY.
Holdings Overlap
GRNJ and SPY share 8 holdings out of 558 unique holdings combined, representing a 0.4% weight overlap.
Moderate overlap means holding both could provide meaningful diversification benefits.
Frequently Asked Questions
Which is cheaper, GRNJ or SPY?
GRNJ has an expense ratio of 0.75% while SPY charges 0.09%. SPY is the cheaper option. On a $10,000 investment, that is $66 per year of difference.
What is the holdings overlap between GRNJ and SPY?
GRNJ and SPY share 8 common holdings with a 0.4% weight overlap. Combined, they hold 558 unique securities.
Which pays a higher dividend, GRNJ or SPY?
GRNJ yields 0.00% while SPY yields 1.01%, so SPY currently pays the higher dividend yield.
Popular ETF Comparisons
Get Full ETF Analytics
Access complete holdings data, overlap analysis, screener tools, and more with FundXLS.