GRNI vs RDVI

GRNICFundstrat Granny Shots US Large Cap & Income ETF

RDVIAFT Vest Rising Dividend Achievers Target Income ETF

In short

GRNI Fundstrat's Granny Shots research brand, wrapped in an options-income ETF. Active US large caps up top, an options overlay for cash below, Treasuries in the mix. Income is the stated first job here; appreciation is the second.

RDVI Two engines in one wrapper: roughly 50 rising-dividend stocks on the equity side, and calls sold on the S&P 500 (not on those stocks) for the income, targeting 8 points above the index's dividend yield, paid monthly.

Stated mandate

GRNI The actively managed fund primarily seeks current income through options strategies and secondarily seeks long-term capital appreciation from U.S. large-cap equities, while maintaining cash or U.S. Treasuries.

RDVI The Fund seeks current income and, secondarily, capital appreciation. It primarily invests in U.S.-traded equities in the Nasdaq US Rising Dividend Achievers Index and sells U.S.-traded calls on the S&P 500 Index or ETFs tracking it.

Why people hold it

• GRNI The priority is written into the mandate: current income first via options strategies, long-term appreciation from US large caps second, with cash or Treasuries held alongside.
• Distributions are declared on a monthly schedule, the cadence income-focused holders tend to budget around.
• Fully active, no index to hug: the manager picks the large caps and decides which options get written, under the Fundstrat Granny Shots banner.
• Standard 1940 Act fund structure, the same wrapper used by mainstream stock ETFs.

• RDVI The income target is written into the mandate: annualized distributions aimed at 8 percentage points above the S&P 500's dividend yield, paid monthly.
• Calls are written on the S&P 500, not on the fund's own holdings, so no individual dividend grower in the portfolio gets called away when it runs.ftportfolios.com
• A concentrated equity sleeve of about 50 US dividend growers, not a 500-name index clone wearing an options overlay.
• Billion-dollar-plus asset base and active daily trading, which puts it among the easier funds to move in and out of in this crowded category.

Worth knowing

• GRNI At 0.99% a year it sits above the 0.95% median for options-income funds, and well above cheaper peers in the group such as PAPI (0.29%) and DIVO (0.56%).
• It launched in November 2025, so there is little history showing how the overlay behaves across a full market cycle.
• Writing options trades away part of a rally for premium, and the cash collected moves with those premiums rather than arriving as a fixed amount.

• RDVI At 0.75%, it runs above the typical S&P 500 income fund, and cheaper overlays exist in the same lane (IVVW at 0.25%, GPIX at 0.35%).
• The prospectus discloses distributions can include return of capital, so part of a monthly payment may be your own money coming back.
• Stocks and options sit on different benchmarks. When the S&P 500 outruns the dividend-grower sleeve, the short calls give back more than the holdings pick up.

Full GRNI profile⁠

Full RDVI profile⁠