GRNY vs IVV
Fundstrat Granny Shots US Large Cap ETF vs iShares Core S&P 500 ETF
Quick Verdict
IVV has a lower expense ratio. IVV delivered stronger 1-year returns. IVV offers more diversification with 505 holdings.
Side-by-Side Comparison
| Metric | GRNY | IVV | Winner |
|---|---|---|---|
| Expense Ratio | 0.75% | 0.03% | |
| AUM | $4.3B | $865.2B | |
| Dividend Yield | 0.07% | 1.09% | |
| Holdings | 43 | 508 | |
| YTD Return | +12.97% | +14.50% | |
| 1Y Return | +18.47% | +22.02% | |
| 3Y Return (annualized) | - | +21.80% | |
| 5Y Return (annualized) | - | +13.37% | |
| Volatility (annualized) | 18.2% | 15.1% | |
| Max Drawdown | -24.2% | -56.5% | |
| Fund Family | Fundstrat Capital | iShares by BlackRock (US) | |
| Category | Equity | Equity | |
| Inception | Nov 7, 2024 | May 15, 2000 |
GRNY vs IVV Performance
Fundstrat Granny Shots US Large Cap ETF (GRNY) is a ETF from Fundstrat Capital and iShares Core S&P 500 ETF (IVV) is a ETF from iShares by BlackRock (US). Over the past year GRNY returned +18.47% while IVV returned +22.02%. Year to date, GRNY is up 12.97% versus a gain of 14.50% for IVV.
Risk: Volatility and Drawdowns
GRNY has been the more volatile fund, with annualized monthly volatility of 18.2% compared with 15.1% for IVV. Lower volatility generally means a smoother ride, though it often comes with lower long-run returns.
The deepest peak-to-trough decline in our data was -24.2% for GRNY and -56.5% for IVV. Drawdown depth is worth weighing if you expect to sell during market stress rather than ride it out.
The two funds' monthly returns correlate at 0.88. They usually move together, but the gap leaves some room for diversification.
Fees and Cost Over Time
GRNY charges 0.75% per year while IVV charges 0.03%. On a $10,000 position that is $75 vs $3 annually, a gap of $72 per year that compounds over a long holding period. On income, GRNY currently yields 0.07% against 1.09% for IVV.
Holdings Overlap
GRNY and IVV share 40 holdings out of 507 unique holdings combined, representing a 30.1% weight overlap.
Moderate overlap means holding both could provide meaningful diversification benefits.
Frequently Asked Questions
Which is cheaper, GRNY or IVV?
GRNY has an expense ratio of 0.75% while IVV charges 0.03%. IVV is the cheaper option. On a $10,000 investment, that is $72 per year of difference.
Which performed better, GRNY or IVV?
Over the past year GRNY returned +18.47% vs +22.02% for IVV, so IVV leads on 1-year performance. Over the longest common window we track (2 years), GRNY annualized +20.98% vs +7.07% for IVV. Past performance does not guarantee future results.
Which is riskier, GRNY or IVV?
GRNY has been the more volatile fund at 18.2% annualized versus 15.1% for IVV. Worst drawdown: GRNY -24.2% vs IVV -56.5%.
Should I hold both GRNY and IVV?
GRNY and IVV have a monthly-return correlation of 0.88, so combining them can provide real diversification depending on your allocation goals.
What is the holdings overlap between GRNY and IVV?
GRNY and IVV share 40 common holdings with a 30.1% weight overlap. Combined, they hold 507 unique securities.
Which pays a higher dividend, GRNY or IVV?
GRNY yields 0.07% while IVV yields 1.09%, so IVV currently pays the higher dividend yield.
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