GRNI vs RECI: Grades, Fees and Holdings Compared

Fundstrat Granny Shots US Large Cap & Income ETF

GRNICNYSE Arca

Columbia Research Enhanced Core Premium Income ET

RECIANYSE Arca

Overlap

9.7%by weight

Expense ratio

RECI −0.69pt a year

GRNI0.99%RECI0.30%

Avg volume · 30D

GRNI 1.01×the volume

GRNI28.2KRECI28K

GRNI vs RECI Performance

Aug 7, 2026 – Nov 9, 2026

−4.7%GRNI+1.9%RECI

Expense ratio: GRNI 0.99%; RECI 0.30%, better
Fund size: GRNI $52M; RECI $10M
Holdings: GRNI 89; RECI 355
Avg volume (30D): GRNI 28.2K sh, better; RECI 28K sh
NAV per share: GRNI $18.91; RECI $19.98
52W range

ETF.net Grade

Pillar letters and Scores for GRNI, RECI, with each pillar’s weight
Pillar	GRNI	RECI
Cost30% weight	D39	A100Higher
Mission25% weight	Not scored	Not scored
Risk15% weight	F12	A75Higher
Tradability15% weight	B55	A74Higher
Holdings10% weight	A83Higher	B59
Durability5% weight	B57Higher	C45

Rank among Active Option Income funds

How we build Categories ›

Same Category. GRNI and RECI are both graded against the same 50 Active Option Income funds, so their Grades compare head to head.

Active Option Income⁠

Category · 50 funds

See all 50 ›

RECI ranks 3rd and GRNI 27th of 50 funds in the Active Option Income Category.

Rank 1ATCALT. Rowe Price Capital Appreciation Premium Income ETFScore 81
Rank 1AYLDEFranklin ClearBridge Enhanced Income ETFScore 81
Rank 3ARECIColumbia Research Enhanced Core Premium Income ETScore 80
Rank 4ARDVIFT Vest Rising Dividend Achievers Target Income ETFScore 77
Rank 27CEGGSNestYield Total Return Guard ETFScore 43
Rank 27CGRNIFundstrat Granny Shots US Large Cap & Income ETFScore 43
Rank 30CDRKYVistaShares Target 15 DRUKMacro Distribution ETFScore 42

Our read on each fund

ETF.net Research

GRNICFundstrat Granny Shots US Large Cap & Income ETF

RECIAColumbia Research Enhanced Core Premium Income ET

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.

RECI No data

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.

RECI No data

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.

RECI No data

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.

RECI No data

Full GRNI profile⁠

Full RECI profile⁠

GRNI vs RECI Holdings

How GRNI and RECI differ

Overlap by weight

9.7%

Shared holdings make up 25.8% of GRNI and 23.3% of RECI.

About this figure: GRNI earns income from options, which aren’t counted.

RECI earns income from options, which aren’t counted.

Level by level

Holdings11 in both9.7%
Sector11 Sectors76.8%
Asset classStocks100%
Countryby domicile99.7%

Sector

Sector weights in GRNI and RECI, widest gap first
Sector	Gap	GRNI	RECI
Industrials	GRNI +14.7 points	22.7%	8.0%
Technology	RECI +7.2 points	29.9%	37.1%
Communication	RECI +5.8 points	4.3%	10.1%
Health Care	RECI +4.2 points	5.6%	9.8%
Consumer Staples	GRNI +3.8 points	8.4%	4.6%
Materials	GRNI +2.9 points	4.6%	1.7%
Financials	RECI +2.3 points	9.4%	11.7%
Real Estate	RECI +2.1 points	0.0%	2.1%
Energy	RECI +1.7 points	2.4%	4.1%
Consumer Discretionary	GRNI +1.7 points	10.5%	8.8%
Utilities	GRNI +0.2 points	2.2%	2.0%

Country, concentration and asset class

Country by domicile

Country weights in GRNI and RECI, widest gap first
Country	Gap	GRNI	RECI
United States	GRNI +0.3 points	100.0%	99.7%
Canada	RECI +0.2 points	0.0%	0.2%
India	RECI +0.1 points	0.0%	0.1%
United Kingdom	Same weight	0.0%	0.0%

Concentration

Weight in the 10 largest Holdings

GRNI28.1%
RECI51.1%

Securities held

GRNI89
RECI353

Asset class

GRNI: Stocks
RECI: Stocks

Holdings

Only in GRNI78
In both11
Only in RECI342

Only in GRNI

78 securities, 76.3% of GRNI by weight

MicroStrategy Inc3.02%
Costco Wholesale Corp2.96%
Microsoft Corp2.88%
Eli Lilly & Co.2.82%
Deere & Company2.82%
Tesla, Inc. Common Stock2.73%
Philip Morris International Inc.2.69%
UNITEDHEALTH GROUP INCORPORATED (Delaware)2.68%
Cadence Design Systems2.67%
Space Exploration Technologies Corp. Class A Common Stock2.64%
Amazon.Com Inc2.59%
Lockheed Martin Corp.2.59%
Advanced Micro Devices2.52%
Monster Beverage Corporation2.51%
JPMorgan Chase & Co.2.48%
Union Pacific Corp.2.48%
GE Aerospace2.46%
Vistra Corp.2.35%
Oneok, Inc.2.35%
Goldman Sachs Group Inc.2.25%
Robinhood Markets, Inc. Class A Common Stock2.24%
Alphabet Inc. Class A Common Stock2.18%
Freeport-McMoran Inc.2.18%
Eaton Corporation, plc Ordinary Shares2.14%
Oracle Corp2.14%
Quanta Services, Inc.2.12%
GE Vernova Inc.2.11%
NetFlix Inc2.06%
Vertiv Holdings Co Class A Common Stock1.83%
Caterpillar Inc.1.81%
Intel Corp1.59%
GE Aerospace (GE 261120C00310000)0.14%
MicroStrategy Inc (MSTR 261120C00134000)0.14%
Costco Wholesale Corp (COST 261120C01020000)0.11%
Cadence Design Systems (CDNS 261120C00327500)0.08%
Nvidia Corp (NVDA 261120C00195000)0.08%
Lockheed Martin Corp. (LMT 261120C00560000)0.08%
Space Exploration Technologies Corp. Class A Common Stock (SPCX 261120C00143000)0.07%
Arista Networks (ANET 261120C00180000)0.06%
Packaging Corp of America (PKG 261120C00250000)0.06%
Vertiv Holdings Co Class A Common Stock (VRT 261120C00200000)0.05%
Advanced Micro Devices (AMD 261120C00505000)0.05%
Oracle Corp (ORCL 261120C00127000)0.04%
Deere & Company (DE 261120C00700000)0.04%
Microsoft Corp (MSFT 261120C00542500)0.04%
CF Industries Holding, Inc. (CF 261120C00125000)0.04%
Alphabet Inc. Class A Common Stock (GOOGL 261120C00295000)0.03%
KLA Corporation Common Stock (KLAC 261120C00156000)0.03%
NetFlix Inc (NFLX 261120C00066000)0.03%
Eaton Corporation, plc Ordinary Shares (ETN 261120C00370000)0.03%

Only in RECI

342 securities, 56.2% of RECI by weight

Meta Platforms Inc3.35%
Mastercard Inc2.25%
State Street Communication Services Select Sector Spdr Etf2.24%
Chevron Corp1.32%
Bank of America Corp1.31%
Altria Group Inc1.12%
Vanguard Communication Services Etf0.96%
Bristol-Myers Squibb Co0.88%
Starbucks Corp0.86%
Citigroup Inc0.80%
Automatic Data Processing Inc0.75%
Cisco Systems Inc0.73%
Cvs Health Corp0.70%
Parker-Hannifin Corp0.68%
Colgate-Palmolive Co0.67%
Elevance Health Inc0.66%
Hilton Worldwide Holdings Inc0.63%
Charles Schwab Corp/The0.62%
Fidelity Msci Communication Services Index Etf0.60%
AbbVie Inc0.59%
General Motors Co0.59%
Target Corp0.57%
Progressive Corp/The0.57%
Conocophillips0.56%
Newmont Corp0.55%
Ross Stores Inc0.54%
Nextera Energy Inc0.54%
General Dynamics Corp0.52%
Cigna Group/The0.52%
Palo Alto Networks Inc0.48%
Illinois Tool Works Inc0.48%
Comcast Corp0.42%
Becton Dickinson & Co0.42%
Crowdstrike Holdings Inc0.42%
Equinix Inc0.42%
Marsh & Mclennan Cos Inc0.41%
Applied Materials Inc0.41%
Cardinal Health Inc0.41%
Lam Research Corp0.40%
Fedex Corp0.39%
Ford Motor Co0.38%
Us Bancorp0.37%
American Tower Corp0.37%
Cummins Inc0.37%
Phillips 660.33%
Valero Energy Corp0.33%
Accenture PLC0.33%
Kroger Co/The0.32%
Amphenol Corp0.32%
Paccar Inc0.31%

Weight gaps

All 11 Holdings in both funds, largest gap first.

Holding weights in GRNI and RECI, widest gap first
Holding	Gap	GRNI	RECI
Apple Inc.AAPL	RECI +7.37 points	2.84%	10.21%
Nvidia CorpNVDA	RECI +6.25 points	2.25%	8.50%
Packaging Corp of AmericaPKG	GRNI +2.51 points	2.60%	0.09%
CF Industries Holding, Inc.CF	GRNI +2.41 points	2.49%	0.08%
Arista NetworksANET	GRNI +2.09 points	2.42%	0.33%
Bank of New York Mellon CorporationBNY	GRNI +2.02 points	2.44%	0.42%
Servicenow, Inc.NOW	GRNI +1.83 points	2.05%	0.22%
KLA Corporation Common StockKLAC	GRNI +1.68 points	1.95%	0.27%
Palantir Technologies Inc. Class A Common StockPLTR	GRNI +1.66 points	2.40%	0.74%
TJX Companies, Inc. (The)TJX	GRNI +1.42 points	2.52%	1.10%
Micron Technology, Inc.MU	GRNI +0.53 points	1.87%	1.34%

All 136 GRNI holdings⁠All RECI holdings⁠

How we measure overlap

Each holding counts at its smaller weight in the two funds, summed over the full Holdings. Sector, country and asset class use the same rule on each fund’s split. Cash, FX and derivative lines stay out of the counts. Two bond funds get no overlap figure.

GRNI vs RECI Cost

Overpaying GRNI vs RECI

$12,376

On $10,000 over 30 years. 7% growth a year before fees, expense ratio only.

GRNI 0.99%
$18,525
RECI 0.30%
$6,149

Amount$10,000

Years30 years

Cost over time

GRNI 0.99%
RECI 0.30%
Overpaying

Year by year

Year	GRNI	RECI	Overpaying
10	$1,746	$545	$1,201
20	$6,565	$2,113	$4,452
30	$18,525	$6,149	$12,376

Expense ratio

0.99%GRNI
0.30%RECI, cheaper

RECI0.30%GRNI0.99%

0.30%1.64%

Middle half of Active Option Income funds
Median 0.95%

RECI cheapest of 50 funds

GRNI 29th cheapest of 50 funds

GRNI vs RECI Dividends

Last 12 months to Nov 9, 2026

Last payment: GRNI $0.17; RECI $0.14
Ex-dividend: GRNI Oct 29, 2026; RECI Nov 2, 2026
Paid on: GRNI Oct 30, 2026; RECI Nov 4, 2026
Frequency: GRNI Monthly; RECI Monthly

Distribution history

Per share, 2025 to 2026, same scale for both

GRNIMonthly · 11 paymentsAll GRNI payments⁠

RECIMonthly · 3 paymentsAll RECI payments⁠

GRNI vs RECI Risk

Fall from peak · 5 years

This chart needs five years of history for both funds.

Risk facts

Market sensitivityBeta, 5 years: GRNI 0.92RECI 0.83; Market = 1

Popular comparisons

GRNICvsTCALA
Fundstrat Granny Shots US Large Cap & Income ETF · T. Rowe Price Capital Appreciation Premium Income ETF
Expense ratio
0.99% · 0.34%
Category
RECIAvsTCALA
Columbia Research Enhanced Core Premium Income ET · T. Rowe Price Capital Appreciation Premium Income ETF
Expense ratio
0.30% · 0.34%
Category
GRNICvsYLDEA
Fundstrat Granny Shots US Large Cap & Income ETF · Franklin ClearBridge Enhanced Income ETF
Expense ratio
0.99% · 0.48%
Category
RECIAvsYLDEA
Columbia Research Enhanced Core Premium Income ET · Franklin ClearBridge Enhanced Income ETF
Expense ratio
0.30% · 0.48%
Category
GRNICvsRDVIA
Fundstrat Granny Shots US Large Cap & Income ETF · FT Vest Rising Dividend Achievers Target Income ETF
Expense ratio
0.99% · 0.75%
Category
RECIAvsRDVIA
Columbia Research Enhanced Core Premium Income ET · FT Vest Rising Dividend Achievers Target Income ETF
Expense ratio
0.30% · 0.75%
Category