GRNI vs. FIAT
GRNI (Fundstrat Granny Shots US Large Cap & Income ETF) and FIAT (YieldMax Short COIN Option Income Strategy ETF) are both Derivative Income funds. Both are actively managed. At a correlation of -0.60, they often move in opposite directions. Both charge a 0.99% expense ratio.
Performance
GRNI vs. FIAT - Performance Comparison
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Returns By Period
In the year-to-date period, GRNI achieves a 9.35% return, which is significantly lower than FIAT's 14.54% return.
GRNI
- 1D
- -0.90%
- 1M
- 1.60%
- 6M
- 6.46%
- YTD
- 9.35%
- 1Y
- —
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
FIAT
- 1D
- 1.15%
- 1M
- -1.13%
- 6M
- 20.55%
- YTD
- 14.54%
- 1Y
- 56.58%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
GRNI vs. FIAT - Yearly Performance Comparison
| 2026 (YTD) | 2025 | |
|---|---|---|
GRNI Fundstrat Granny Shots US Large Cap & Income ETF | 9.35% | 2.24% |
FIAT YieldMax Short COIN Option Income Strategy ETF | 14.54% | 11.31% |
Correlation
The correlation between GRNI and FIAT is -0.60, meaning they tend to move in opposite directions. This is especially valuable for risk management - when one declines, the other has historically tended to hold steady or rise.
| Correlation | |
|---|---|
Correlation (All Time) Calculated using the full available price history since Nov 18, 2025 | -0.60 |
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Return for Risk
GRNI vs. FIAT — Risk / Return Rank
GRNI
Risk / return metrics aren't available yet — we need at least 12 months of trading data to calculate them.
FIAT
GRNI vs. FIAT - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Fundstrat Granny Shots US Large Cap & Income ETF (GRNI) and YieldMax Short COIN Option Income Strategy ETF (FIAT). 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.
| GRNI | FIAT | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | — | — | |
| Sortino ratioReturn per unit of downside risk | — | — | |
| Omega ratioGain probability vs. loss probability | — | 1.21 | — |
| Calmar ratioReturn relative to maximum drawdown | — | 1.66 | — |
| Martin ratioReturn relative to average drawdown | — | 3.58 | — |
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Drawdowns
GRNI vs. FIAT - Drawdown Comparison
The maximum GRNI drawdown since its inception was -9.55%, smaller than the maximum FIAT drawdown of -70.50%. Use the drawdown chart below to compare losses from any high point for GRNI and FIAT.
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Drawdown Indicators
| GRNI | FIAT | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -9.55% | -70.50% | +60.95% |
Max Drawdown (1Y)Largest decline over 1 year | — | -34.22% | — |
Current DrawdownCurrent decline from peak | -0.91% | -50.63% | +49.72% |
Average DrawdownAverage peak-to-trough decline | -2.04% | -45.52% | +43.48% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | — | 15.86% | — |
Volatility
GRNI vs. FIAT - Volatility Comparison
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Volatility by Period
| GRNI | FIAT | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | — | 14.26% | — |
Volatility (6M)Calculated over the trailing 6-month period | — | 43.65% | — |
Volatility (1Y)Calculated over the trailing 1-year period | 17.11% | 52.65% | -35.54% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 17.11% | 60.04% | -42.93% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 17.11% | 60.04% | -42.93% |
GRNI vs. FIAT - Expense Ratio Comparison
Both GRNI and FIAT have an expense ratio of 0.99%.
Dividends
GRNI vs. FIAT - Dividend Comparison
GRNI's dividend yield for the trailing twelve months is around 5.66%, less than FIAT's 104.63% yield.
| Position | TTM | 2025 | 2024 |
|---|---|---|---|
FIAT YieldMax Short COIN Option Income Strategy ETF | 104.63% | 178.11% | 70.99% |
GRNI Fundstrat Granny Shots US Large Cap & Income ETF | 5.66% | 0.83% | 0.00% |
Frequently Asked Questions
GRNI and FIAT have a correlation of -0.60, 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.
GRNI and FIAT have the same expense ratio: 0.99% per year.
FIAT has the higher dividend yield at 104.63%, compared with 5.66% for GRNI.
They also come from different issuers: Tidal and YieldMax.
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