Data as of Oct 28, 2026.
GRNY vs USMV: Differences, Returns & Fees
Over the year to Oct 28, 2026, GRNY returned +6.5% to USMV's +10.8%; 16% of their weight is in the same names.
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Net assets: $4.3bn on Jul 31, 2026 for Fundstrat Granny Shots US Large Cap ETF, and $24.1bn on Oct 27, 2026 for iShares MSCI USA Min Vol Factor ETF.
Pair scorecard
USMV costs 0.60 points a year less; their one-year returns differ by 4.3 points.
| Measure | GRNY | USMV |
|---|---|---|
| Return | ||
| Total return, 1 year | +6.5% | +10.8% |
| Drawdown | ||
| Below its high | 3.5%, high on Oct 6, 2026 | |
| Benchmark | ||
| What it tracks | No index, actively managed | MSCI USA Minimum Volatility (USD) Index |
| Cost and size | ||
| Expense ratio | 0.75% | 0.15% |
| Net assets, GRNY as of Jul 31, 2026 and USMV as of Oct 27, 2026 | $4.3bn | $24.1bn |
| Holdings | ||
| Holdings in common | 16% | |
| Top ten holdings, share of the fund | 26.5% | 14.8% |
Holdings in common uses holdings dated Jul 31, 2026 and Oct 27, 2026. Method
Risk and return
Nov 15, 2024 to Oct 23, 2026 · 101 weekly returnsGRNY returned more: +34.7% to +16.4%. USMV swung less: 10.0% to 19.6%. USMV fell less at its worst: −7.5% to −23.1%.
Full scorecard
9 measures, with how each is measured Open ↓
| Measure | GRNY | USMV | Edge | How it is measured |
|---|---|---|---|---|
| Return | ||||
| Total return | +34.7% | +16.4% | GRNY | Price change plus distributions, reinvested. |
| Annualized | +16.6% | +8.1% | GRNY | Total return as a yearly rate. |
| Price return | +34.5% | +12.9% | GRNY | Price change alone, distributions left out. |
| Risk | ||||
| Volatility | 19.6% | 10.0% | USMV | Spread of weekly returns, annualized. Lower is steadier. |
| Downside deviation | 12.5% | 7.1% | USMV | Like volatility, counting only weeks below the Treasury bill rate. |
| Max drawdown | −23.1% | −7.5% | USMV | Deepest fall from a high to the low after it. |
| Risk-adjusted | ||||
| Sharpe | 0.68 | 0.43 | GRNY | Return above Treasury bills per unit of volatility. |
| Sortino | 1.05 | 0.60 | GRNY | Return above Treasury bills per unit of downside deviation. |
| Calmar | 0.72 | 1.09 | USMV | Annualized return divided by the max drawdown. |
Computed by ETFIQ from Tiingo daily prices and ETFIQ's distribution records, 101 weekly returns. Cash rate: the 13-week Treasury bill.
What they share
By the books each fund has filed, GRNY and USMV hold 16% of their money in the same securities at the same weight. Holdings dated Jul 31, 2026 and Oct 27, 2026.
half
16% in common
Only in one fund ↓
Side by side
GRNY and USMV on the fields both publish, as of Oct 28, 2026. Source: ETFIQ.
GRNY and USMV are built for the same job. How do they differ in cost, holdings and results?
- What each follows. GRNY follows No index, actively managed and USMV follows MSCI USA Minimum Volatility (USD) Index.
- Holdings in common. 16% of the weight is in the same securities (holdings dated Jul 31, 2026 and Oct 27, 2026).
- One-year total return. Over 1 year to Oct 28, 2026 GRNY returned +6.5% and USMV +10.8% with distributions reinvested, a gap of 4.3 points.
Data as of Oct 28, 2026.
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GRNY
GRNY is actively managed and tracks no index. Over the year to Oct 28, 2026 it returned +6.5% with distributions reinvested. The prospectus expense ratio is 0.75% a year. By its holdings filed for Jul 31, 2026, 98% of the fund by weight is stocks the S&P 500 also holds, across 43 positions, with the top ten at 26.5%. It sat 3.5% below its high of Oct 6, 2026 on Oct 28, 2026.
USMV
USMV tracks the MSCI USA Min Vol Factor. Over the year to Oct 28, 2026 it returned +10.8% with distributions reinvested. The prospectus expense ratio is 0.15% a year. By its holdings published by its issuer for Oct 27, 2026, 93% of the fund by weight is stocks the S&P 500 also holds, across 176 positions, with the top ten at 14.8%.
Questions people ask
- Which returned more over the last year, GRNY or USMV?
- In the year to Oct 28, 2026, with distributions reinvested, GRNY returned +6.5% and USMV +10.8%.
- Which is cheaper, GRNY or USMV?
- USMV is cheaper, by 0.60 percentage points a year. That is about $60 on $10,000 held for a year. Fees come from each fund's prospectus.
Links are sources, not endorsements. A comparison is not a recommendation.
How this is computed
Overlap adds up the smaller of the two weights for each security both funds hold.
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ETFIQ, GRNY against USMV, data as of Oct 28, 2026. https://etfiq.com/compare/any/grny-vs-usmv
ETFIQ. (Oct 28, 2026). GRNY against USMV. Retrieved from https://etfiq.com/compare/any/grny-vs-usmv
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