GRNY vs SPY
Fundstrat Granny Shots US Large Cap ETF vs State Street SPDR S&P 500 ETF Trust
Which is better, GRNY or SPY?
Large Cap Growth against Large Cap Blend.
SPY has a lower expense ratio. GRNY led over the full window, SPY over 1Y. GRNY is less concentrated, with 25.5% 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 | GRNY | SPY |
|---|---|---|
| Expense Ratio | 0.75% | 0.09%Best |
| AUM | $4.4B | $804.7B |
| Dividend Yield | 0.07% | 0.98% |
| Holdings | 44 | 505 |
| YTD Return | +8.85% | +10.96%Best |
| 1Y Return | +10.35% | +15.52%Best |
| 3Y Return (annualized) | - | +20.73% |
| 5Y Return (annualized) | - | +12.53% |
| Volatility (annualized) | 17.9% | 12.8%Best |
| Max Drawdown | -24.2% | -18.8%Best |
| $10,000 over 1.9 years | $13,574Best | $12,998 |
| Top 10 Weight | 25.5%Best | 37.8% |
| Fund Family | Fundstrat Capital | State Street Investment Management |
| Category | Equity | Equity |
| Style | Large Cap Growth | Large Cap Blend |
| Inception | Nov 7, 2024 | Jan 22, 1993 |
Volatility and max drawdown, and the $10,000 over 1.9 years row, are measured over the window both funds cover: Nov 7, 2024 to Sep 16, 2026 (1.9 years).
GRNY 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 covers the 1.9 years both funds cover.
GRNY vs SPY Performance
Fundstrat Granny Shots US Large Cap ETF (GRNY) is an ETF from Fundstrat Capital and State Street SPDR S&P 500 ETF Trust (SPY) is an ETF from State Street Investment Management. Over the past year GRNY returned +10.35% while SPY returned +15.52%. Year to date, GRNY is up 8.85% versus a gain of 10.96% for SPY.
Past performance does not guarantee future results.
Risk: Volatility and Drawdowns
GRNY has been the more volatile fund, with annualized monthly volatility of 17.9% compared with 12.8% for SPY. 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 -18.8% for SPY. Drawdown depth is what each fund did in the worst stretch of the window measured above.
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 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, GRNY currently yields 0.07% against 0.98% for SPY.
Holdings Overlap
91.8% of GRNY's money is in holdings SPY also owns. 43.5% of SPY's money is in holdings GRNY also owns.
Most of GRNY is already inside SPY. Owning both mostly buys the same companies twice.
39 positions in common, counted across the 42 positions we hold weights for in GRNY and 504 in SPY, against full books of 44 and 505.
What only one of them owns
Measured across the 42 and 504 positions we hold weights for.
SPY holds 458 positions GRNY does not, 55.8% of the fund.
Largest: AVGO 2.66%, GOOG 2.39%, META 1.93%, BRK.B 1.40%, XOM 1.04%
Top Shared Holdings
| Stock | Weight in GRNY | Weight in SPY | Difference |
|---|---|---|---|
| NVDANvidia Corp | 2.45% | 8.01% | 5.56% |
| AAPLApple, Inc | 2.44% | 7.26% | 4.82% |
| MSFTMicrosoft Corp | 2.47% | 5.66% | 3.19% |
| AMZNAmazon.Com Inc | 2.29% | 3.79% | 1.50% |
| GOOGLAlphabet Inc,class A | 2.33% | 2.99% | 0.66% |
| TSLATesla Inc | 2.44% | 1.52% | 0.92% |
| MUMicron Technology, Inc. | 2.33% | 1.60% | 0.73% |
| JPMJpmorgan Chase | 2.39% | 1.45% | 0.94% |
| LLYEli Lilly & Co. | 2.26% | 1.40% | 0.86% |
| AMDAdvanced Micro Devices Inc | 2.32% | 1.14% | 1.18% |
91.8% of GRNY 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, GRNY or SPY?
GRNY 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.
Which performed better, GRNY or SPY?
Over the past year GRNY returned +10.35% vs +15.52% for SPY, so SPY leads on 1-year performance. Over the longest common window we track (2 years), GRNY annualized +17.45% vs +14.80% for SPY. Past performance does not guarantee future results. This is information, not a recommendation.
Which is riskier, GRNY or SPY?
GRNY has been the more volatile fund at 17.9% annualized versus 12.8% for SPY. Worst drawdown: GRNY -24.2% vs SPY -18.8%.
Should I hold both GRNY and SPY?
GRNY and SPY have a monthly-return correlation of 0.88, so their returns are far enough apart for the mix to behave differently from either one alone. This is information, not a recommendation.
What is the holdings overlap between GRNY and SPY?
91.8% of GRNY's money is in holdings SPY also owns. 43.5% of SPY's is in holdings GRNY also owns. They hold 39 positions in common, counted across the 42 positions we hold weights for in GRNY and 504 in SPY.
Which pays a higher dividend, GRNY or SPY?
GRNY yields 0.07% while SPY yields 0.98%, so SPY currently pays the higher dividend yield.
Is SPY better than GRNY?
SPY has a lower expense ratio. GRNY led over the full window, SPY over 1Y. GRNY is less concentrated, with 25.5% 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.