"According to the latest statistics at the time of this writing, the YTD return of the S&P 500 index is 9.8%, whereas the Fundstrat Granny Shots US Large Cap ETF is posting YTD returns of 18.75%. Unlike the S&P 500, whose gains are dominated by the Magnificent 7 tech stocks, Fundstrat Granny Shots US Large Cap ETF has a very different methodology for its portfolio assembly, thanks to Fundstrat founder Tom Lee."
"The S&P 500 Index has been such a strong and reliable arbiter of US stock market health that Warren Buffett and Charlie Munger have both routinely touted it in interviews, and Buffett famously won a $10 million decade-long returns competition wager (proceeds to charity) with a hedge fund manager on it. Such is its popularity that the $1.3 trillion net asset Vanguard S&P 500 ETF (NYSEARCA: VOO) is now the largest ETF in the world."
The S&P 500 shows a 9.8% year-to-date return while the Fundstrat Granny Shots US Large Cap ETF posts 18.75% YTD. The S&P 500’s gains are heavily concentrated in the Magnificent 7 tech stocks and power major ETFs such as Vanguard’s VOO. Fundstrat’s GRNY launched in November 2024 and applies a different stock selection methodology led by Tom Lee. The Fundstrat process incorporates AI, social media signals, generational differences, and other cutting-edge criteria. The GRNY approach targets digital-era paradigms and could influence future standards for portfolio assembly and stock selection.
Read at 24/7 Wall St.
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