GRNJ vs SPY
Fundstrat Granny Shots US Small- & Mid-Cap ETF vs State Street SPDR S&P 500 ETF Trust
Which is better, GRNJ or SPY?
Mid Cap Blend against Large Cap Blend.
SPY has a lower expense ratio. GRNJ is less concentrated, with 18.1% 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 | GRNJ | SPY |
|---|---|---|
| Expense Ratio | 0.75% | 0.09%Best |
| AUM | $500M | $804.7B |
| Dividend Yield | 0.00% | 0.98% |
| Holdings | 63 | 505 |
| YTD Return | +11.47% | +12.22%Best |
| 1Y Return | - | +15.43% |
| 3Y Return (annualized) | - | +22.71% |
| 5Y Return (annualized) | - | +13.64% |
| Top 10 Weight | 18.1%Best | 37.8% |
| Fund Family | Fundstrat Capital | State Street Investment Management |
| Category | Equity | Equity |
| Style | Mid 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.
GRNJ 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.
GRNJ vs SPY Performance
Fundstrat Granny Shots US Small- & Mid-Cap ETF (GRNJ) 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, GRNJ is up 11.47% versus a gain of 12.22% for SPY.
Past performance does not guarantee future results.
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 0.98% for SPY.
Holdings Overlap
11.4% of GRNJ's money is in holdings SPY also owns. 0.3% of SPY's money is in holdings GRNJ also owns.
GRNJ and SPY share little of their money.
7 positions in common, counted across the 63 positions we hold weights for in GRNJ and 504 in SPY, against full books of 63 and 505.
What only one of them owns
Our book lists 490 positions for SPY that do not appear in our book for GRNJ (99.0% of the fund), and 53 for GRNJ that do not appear in SPY (84.1%).
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 GRNJ | Weight in SPY | Difference |
|---|---|---|---|
| RDDTReddit Inc-Cl A | 1.75% | 0.03% | 1.72% |
| SATS'echostar Communications Corp. Class 'a'' | 1.72% | 0.02% | 1.70% |
| LITELumentum Holdings Inc | 1.60% | 0.10% | 1.50% |
| FIXComfort Systems USA Inc. | 1.56% | 0.08% | 1.48% |
| ALBAlbemarle Corp. | 1.60% | 0.02% | 1.58% |
| FSLRFirst Solar, Inc | 1.57% | 0.03% | 1.54% |
| HIIHuntington Ingalls Industries Inc. | 1.57% | 0.02% | 1.55% |
You are not choosing between two funds in isolation.
Whichever of GRNJ and SPY you pick has to sit alongside everything else you own. Add the rest and see what the combination actually holds.
Free for up to 10 holdings. No account needed.
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, by $66 a year on a $10,000 investment.
What is the holdings overlap between GRNJ and SPY?
11.4% of GRNJ's money is in holdings SPY also owns. 0.3% of SPY's is in holdings GRNJ also owns. They hold 7 positions in common, counted across the 63 positions we hold weights for in GRNJ and 504 in SPY.
Which pays a higher dividend, GRNJ or SPY?
GRNJ yields 0.00% while SPY yields 0.98%, so SPY currently pays the higher dividend yield.
Is SPY better than GRNJ?
SPY has a lower expense ratio. GRNJ is less concentrated, with 18.1% 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.