GRNY: You're Paying For Alpha, Getting Beta

The Alpha Analyst 5.18K Followers Follow Summary Fundstrat Granny Shots US Large Cap ETF is downgraded to Hold due to underwhelming alpha and risk-reward profile versus the S&P 500. GRNY's portfolio is diversified by stock but highly concentrated in AI capex and cyclical growth themes, amplifying beta and macro sensitivity. Despite a differentiated quant-fundamental methodology and equal-weight allocation, GRNY's returns have lagged SPY, especially in recent rebounds. Expense fees and risk exposure are not justified by current or forward performance; improvement in risk factor diversification or AI alignment could reinstate a Buy. Drazen Zigic/iStock via Getty Images Usually I wait for more track record data before recommending any newly launched ETF, especially if active, because performance across cycles and conditions matters. In the case of Fundstrat Granny Shots US Large Cap ETF ( This article was written by The Alpha Analyst 5.18K Followers Follow I am a stock analyst with over 20 years of experience in quantitative research, financial modeling, and risk management. My focus is on equity valuation, market trends, and portfolio optimization to uncover high-growth investment opportunities. As a former Vice President at Barclays, I led teams in model validation, stress testing, and regulatory finance, developing a deep expertise in both fundamental and technical analysis. Alongside my research partner (also my wife), I co-author investment research, combining our complementary strengths to deliver high-quality, data-driven insights. Our approach blends rigorous risk management with a long-term perspective on value creation. We have a particular interest in macroeconomic trends, corporate earnings, and financial statement analysis, aiming to provide actionable ideas for investors seeking to outperform the market. Analyst’s Disclosure: I/we have no stock, option or similar derivative position in any of the companies mentioned, and no plans to initiate any such positions within the next 72 hours. I wrote this article myself, and it expresses my own opinions. I am not receiving compensation for it (other than from Seeking Alpha). I have no business relationship with any company whose stock is mentioned in this article. Seeking Alpha's Disclosure: Past performance is no guarantee of future results. No recommendation or advice is being given as to whether any investment is suitable for a particular investor. Any views or opinions expressed above may not reflect those of Seeking Alpha as a whole. Seeking Alpha is not a licensed securities dealer, broker or US investment adviser or investment bank. Our analysts are third party authors that include both professional investors and individual investors who may not be licensed or certified by any institute or regulatory body.