Get the weekly note
ETFIQetfiq.com · independent ETF data

Data as of .

FTQI vs GRNI: which paid, and which earned it?

FTQI and GRNI both write options for income.

First Trust Nasdaq BuyWrite Income ETF and Fundstrat Granny Shots US Large Cap & Income ETF.

12.0%FTQI cash paid, 1 year
7.8%GRNI cash paid, 1 year
+21.5%FTQI total return, 1 year
+14.5%GRNI total return, 1 year
FTQIAbout even with QQQ · 1 year to Sep 18, 2026
QQQ+21.8%FTQI+21.5%12.0% of it arrived as cashabout even with QQQTotal return, distributions reinvestedQQQ+21.8%FTQI+21.5%12.0% cashabout even with QQQ
GRNI2.1 pts behind SPY · since launch to Sep 18, 2026
SPY+16.6%GRNI+14.5%7.8% of it arrived as cash2.1 pts behind SPYTotal return, distributions reinvestedSPY+16.6%GRNI+14.5%2.1 pts behind SPY

What they hold in common

By the books each fund has filed, FTQI and GRNI hold 32% of their money in the same securities at the same weight.

Positions FTQI and GRNI both hold, largest shared weight first
HoldingFTQIGRNI
Advanced Micro Devices, Inc.5.41%4.11%
Amazon.com, Inc.4.13%2.99%
NVIDIA Corporation6.55%2.46%
Apple Inc.8.76%2.39%
Palantir Technologies Inc. (Class A)2.54%2.36%
Meta Platforms, Inc. (Class A)2.75%2.23%
Tesla, Inc.2.68%2.14%
Alphabet Inc. (Class A)2.06%2.96%
Broadcom Inc.1.92%2.90%
Microsoft Corporation1.41%2.37%
Costco Wholesale Corporation1.30%2.37%
KLA Corporation1.29%2.75%
Only in each
Only in FTQIOnly in GRNI
US Dollar 5.75%Quanta Services Inc 3.23%
Cisco Systems, Inc. 3.18%Strategy Inc 3.04%
Micron Technology, Inc. 2.38%Arista Networks Inc 2.86%
Seagate Technology Holdings Plc 2.17%Eaton Corp PLC 2.64%
Alphabet Inc. (Class C) 2.05%Bank of New York Mellon Corp/T 2.61%
Palo Alto Networks, Inc. 1.42%ONEOK Inc 2.49%
AbbVie Inc. 1.32%Cadence Design Systems Inc 2.47%
Lam Research Corporation 1.24%Union Pacific Corp 2.38%

Weight overlap is an ETFIQ calculation: for every security both funds hold, the smaller of the two weights, summed. Above 50%, holding both is close to holding one of them twice. Holdings dated Apr 30, 2026 and Sep 18, 2026.

Performance, window by window

FTQI and GRNI over each window. Every figure is an ETFIQ calculation with distributions reinvested. Source: ETFIQ.
WindowTotal returnCash paidAgainst the benchmark
FTQIGRNIFTQIGRNIFTQIGRNI
3 months+4.0%+2.1%2.9%2.5%+6.5 pts−0.2 pts
6 months+18.3%+16.3%6.3%5.4%−5.9 pts−1.8 pts
1 year+21.5%not published12.0%not published−0.3 ptsnot published
3 years+62.9%not published37.0%not published−35.3 ptsnot published
Since launch+141.7%+14.5%78.8%7.8%−675.0 pts−2.1 pts
Open the live comparison on ETFIQ
FTQI and GRNI on the same fields, as of Sep 18, 2026. Source: ETFIQ.
FTQI
First Trust Nasdaq BuyWrite Income ETF
Covered call on QQQ, paying monthly
GRNI
Fundstrat Granny Shots US Large Cap & Income ETF
Option income on SPY, paying monthly
IssuerFirst TrustFundstrat
Strategycovered calloption income
BenchmarkNasdaq-100 (QQQ)S&P 500 (SPY)
Paysmonthlymonthly
Payout rate, annualized11.9%10.0%
Expense ratio0.75%0.99%
Cash paid, 1 year12.0%7.8% (since launch on Nov 18, 2025)
Price change, 1 year+8.0%+6.2%
Total return, 1 year+21.5%+14.5% (since launch on Nov 18, 2025)
Benchmark return, 1 year+21.8%+16.6%
Ahead or behind−0.3 pts−2.1 pts
Return of capital, latest estimatenot publishednot published
Age4637 days304 days
Net assets$975m$49m

FTQI in plain words

Over the year to Sep 18, 2026, FTQI paid 12.0% of its starting value in cash distributions while its price rose 8.0%. With every distribution reinvested, the fund returned +21.5%. Nasdaq-100 (QQQ) returned +21.8% over the same days, so a holder was about even. At its price on Sep 18, 2026 the latest distribution annualizes to 11.9%, paid monthly.

GRNI in plain words

Over the period since launch on Nov 18, 2025 to Sep 18, 2026, GRNI paid 7.8% of its starting value in cash distributions while its price rose 6.2%. With every distribution reinvested, the fund returned +14.5%. S&P 500 (SPY) returned +16.6% over the same days, so a holder was behind by 2.1 pts. At its price on Sep 18, 2026 the latest distribution annualizes to 10.0%, paid monthly.

Questions people ask

Which is cheaper, FTQI or GRNI?
FTQI charges 0.75% a year and GRNI charges 0.99%, so FTQI is cheaper. Fees come from each fund's prospectus.

Other comparisons

Where these figures came from

ETFIQ links to the documents behind every figure. It is not affiliated with any issuer, and a link is not an endorsement.

FTQI against GRNI, ETFIQ, data as of Sep 18, 2026. Every figure is calculated from a named public source; the method is at etfiq.com/methodology. A comparison is not a recommendation.

Cite this page. ETFIQ, FTQI against GRNI, data as of Sep 18, 2026. https://etfiq.com/compare/income/ftqi-vs-grni Free to use with attribution; the underlying files are at Open data.

How every figure is computed · Standards and sources