FIAT vs. GRNI
FIAT (YieldMax Short COIN Option Income Strategy ETF) and GRNI (Fundstrat Granny Shots US Large Cap & Income ETF) are both Derivative Income funds. Both are actively managed. Their -0.58 correlation means they have often moved in opposite directions in the past. Both charge a 0.99% expense ratio.
Performance
FIAT vs. GRNI - Performance Comparison
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Returns By Period
In the year-to-date period, FIAT achieves a 20.47% return, which is significantly higher than GRNI's 8.70% return.
FIAT
- 1D
- 0.37%
- 1M
- 10.33%
- 6M
- 5.84%
- YTD
- 20.47%
- 1Y
- 46.79%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
- ALL TIME*
- -18.39%
GRNI
- 1D
- 1.00%
- 1M
- -0.60%
- 6M
- 7.06%
- YTD
- 8.70%
- 1Y
- —
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
- ALL TIME*
- —
Liquidity Comparison
| Position | Avg. Volume Value (2W) | Avg. Volume Value (1M) | Avg. Volume Value (3M) |
|---|---|---|---|
| $1.18M | $1.16M | $1.55M | |
| $677.34K | $642.90K | $737.83K |
FIAT vs. GRNI - Yearly Performance Comparison
| 2026 (YTD) | 2025 | |
|---|---|---|
FIAT YieldMax Short COIN Option Income Strategy ETF | 20.47% | 11.31% |
GRNI Fundstrat Granny Shots US Large Cap & Income ETF | 8.70% | 2.24% |
Correlation
The correlation between FIAT and GRNI is -0.58, meaning they have often moved in opposite directions in the past. This relationship can weaken or reverse as market conditions change.
| Correlation | |
|---|---|
Correlation (All Time) Calculated using the full available price history since Nov 18, 2025 | -0.58 |
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Return for Risk
FIAT vs. GRNI — Risk / Return Rank
FIAT
GRNI
Risk / return metrics aren't available yet — we need at least 12 months of trading data to calculate them.
FIAT vs. GRNI - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for YieldMax Short COIN Option Income Strategy ETF (FIAT) and Fundstrat Granny Shots US Large Cap & Income ETF (GRNI). Risk-adjusted metrics are performance indicators that assess an investment's returns in relation to its risk, enabling a more accurate comparison of different investment options.
Values are calculated on a 1-year rolling basis and updated daily. Risk-adjusted metrics are more stable over longer periods — use the period switch above to explore them.
| FIAT | GRNI | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | — | — | |
| Sortino ratioReturn per unit of downside risk | — | — | |
| Omega ratioGain probability vs. loss probability | 1.18 | — | — |
| Calmar ratioReturn relative to maximum drawdown | 1.37 | — | — |
| Martin ratioReturn relative to average drawdown | 2.83 | — | — |
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Drawdowns
FIAT vs. GRNI - Drawdown Comparison
The maximum FIAT drawdown since its inception was -70.50%, which is greater than GRNI's maximum drawdown of -9.55%. Use the drawdown chart below to compare losses from any high point for FIAT and GRNI.
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Drawdown Indicators
| FIAT | GRNI | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -70.50% | -9.55% | -60.95% |
Max Drawdown (1Y)Largest decline over 1 year | -34.22% | — | — |
Current DrawdownCurrent decline from peak | -48.08% | -1.50% | -46.58% |
Average DrawdownAverage peak-to-trough decline | -45.69% | -2.03% | -43.66% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 16.56% | — | — |
Volatility
FIAT vs. GRNI - Volatility Comparison
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Volatility by Period
| FIAT | GRNI | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 15.57% | — | — |
Volatility (6M)Calculated over the trailing 6-month period | 45.14% | — | — |
Volatility (1Y)Calculated over the trailing 1-year period | 53.41% | 16.89% | +36.52% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 60.06% | 16.89% | +43.17% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 60.06% | 16.89% | +43.17% |
FIAT vs. GRNI - Expense Ratio Comparison
Both FIAT and GRNI have an expense ratio of 0.99%.
Dividends
FIAT vs. GRNI - Dividend Comparison
FIAT's dividend yield for the trailing twelve months is around 100.80%, more than GRNI's 6.57% yield.
| Position | TTM | 2025 | 2024 |
|---|---|---|---|
FIAT YieldMax Short COIN Option Income Strategy ETF | 100.80% | 178.11% | 70.99% |
GRNI Fundstrat Granny Shots US Large Cap & Income ETF | 6.57% | 0.83% | 0.00% |
Frequently Asked Questions
FIAT and GRNI have a correlation of -0.58, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
Both ETFs have the same 0.99% expense ratio. The better choice depends on whether you care most about return, fees, risk, or income.
FIAT and GRNI have the same expense ratio: 0.99% per year.
FIAT has the higher dividend yield at 100.80%, compared with 6.57% for GRNI.
They also come from different issuers: YieldMax and Tidal.
Find the right allocation for FIAT and GRNI
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