Fundstrat Granny Shots US Small- & Mid-Cap ETF
$28.97−0.13 (−0.45%)
- 0.75%
- $502M
- 0.2M sh
- $29.76
- low $23.08high $32.69
The ETF.net GRNJ Grade
D
Score 39 out of 100
- 32 of 48
Score 39 of 100 falls in the D band. A is 70 or higher, B 55 to under 70, C 40 to under 55, D 25 to under 40, F under 25.
Cost
The fund’s net expense ratio, ranked against its category.D26 out of 100Rank 33 of 48Mission
Whether the fund did what it promised, tested against its stated mandate.Risk
How the fund held up when markets fell: downside volatility, drawdowns and tail loss.F14 out of 100Rank 42 of 44Tradability
How easy the fund is to trade: daily volume, and how far its price strays from net asset value.A75 out of 100Rank 6 of 48Holdings
How concentrated the fund is, and how complete and current its disclosed holdings are.B57 out of 100Rank 24 of 48Durability
Whether the fund is likely to stay open, judged by its age, its assets and its issuer’s assets.B64 out of 100Rank 14 of 48
Our read on GRNJ
DTom Lee's Granny Shots rulebook, aimed down the cap scale. A stock only qualifies if it shows up in at least two of Fundstrat's seven macro themes, every survivor gets an equal slice, and the whole thing is reshuffled quarterly.
The fund is an actively managed exchange-traded fund seeking long-term capital appreciation.
Why people hold it
- The two-theme filter is the point: no stock enters on a single storyline. Positions are equal-weighted, so no one name dominates the portfolio.grannyshots.comprnewswire.com
- Quarterly rebalancing resets positions back to equal size, which trims winners and reloads laggards instead of letting the portfolio drift.grannyshots.com
- Despite launching in late 2025, it already sits in the $250M-$1B asset range and trades with moderate, steady volume for a fund this young.
Worth knowing
- At 0.75% a year it runs above the 0.65% median for active US equity ETFs. That is the toll for Fundstrat's research.
- Launched November 2025, so the live record is short. The large-cap version's history is a different portfolio, not this one's.grannyshots.com
- Small and mid caps swing harder than blue chips, and quarterly rebalances can turn over a meaningful chunk of the holdings.grannyshots.com
GRNJ Holdings
- Stocks
- 63
- 20%
- BE
Geography
- United States91.65%
- Cayman Islands3.23%
- Netherlands1.82%
- United Kingdom1.76%
- Canada1.53%
GRNJ Performance
Shows how $10,000 changes over the selected period, with cash distributions reinvested at the closing price on each ex-dividend date.
Not enough history yet.Not enough history yet.Not enough history yet.Not enough history yet.
GRNJ$11,389
Returns run to the Oct 12, 2026 close, with cash distributions reinvested. Each period starts on the same date that many months or years earlier. Periods over one year show the average yearly return.
| Period | GRNJ |
|---|---|
| Year to date | +13.9% |
| 1 month | −0.2% |
| 3 months | −2.5% |
| 1 year | — |
| 3 years | — |
| 5 years | — |
| 10 years | — |
Calendar-year total return with cash distributions hypothetically reinvested at the ex-dividend date’s closing price. The current year shows year to date.
| Year | Return bar | GRNJ |
|---|---|---|
| 2026 YTD | +13.9% | |
| 2025 | +5.1% |
GRNJ in the news
GRNJ Dividends
Listed Nov 2025. No distributions yet.
GRNJ Risk
- —
How it’s calculated: standard deviation
The sample standard deviation of monthly total returns, multiplied by the square root of 12.
Uses up to 36 complete months, with at least 12 required. Total returns include reinvested distributions.
- —
How it’s calculated: Sharpe ratio
Subtract each month’s Treasury-bill return from the fund’s monthly total return.
Divide the average of those excess returns by their sample standard deviation, then multiply by the square root of 12.
Uses up to 36 complete months, with at least 12 required. Each month uses the Treasury yield quoted at the end of the previous month.
- —
How it’s calculated: maximum drawdown
The largest percentage decline from an earlier peak, using total returns with reinvested distributions.
Uses up to five years through the last close, with at least 12 months required.
- 1.68
How it’s calculated: beta
The beta figure is supplied by FMP. The comparison index depends on the fund’s broad asset class.
GRNJ Cost
0.75%
GRNJ0.75%
- The middle half of US Active Small/Mid-Cap funds
- Median 0.59%
31 of the 47 US Active Small/Mid-Cap funds charge less.
Other funds in US Active Small/Mid-Cap
- CHSMVFirst Trust Horizon Managed Volatility Small/Mid ETFExpense ratio 0.80%1 year return +5.7%
- CHWSMHotchkis & Wiley SMID Cap Diversified Value FundExpense ratio 0.55%1 year return +18.9%
- DNBSMNeuberger Berman Small-Mid Cap ETFExpense ratio 0.75%1 year return +13.1%
- DRSMCRockefeller U.S. Small-Mid Cap ETFExpense ratio 0.75%1 year return +9.3%
- DMSSMMorgan Stanley Pathway Funds - Small-Mid Cap Equity ETFExpense ratio 0.89%1 year return +18.8%