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 -0.61, 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 10.36% return, which is significantly lower than FIAT's 13.21% return.
GRNI
- 1D
- 0.76%
- 1M
- 3.75%
- YTD
- 10.36%
- 6M
- 9.33%
- 1Y
- —
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
FIAT
- 1D
- -0.56%
- 1M
- 13.73%
- YTD
- 13.21%
- 6M
- 31.80%
- 1Y
- -1.90%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
GRNI vs. FIAT - Yearly Performance Comparison
| 2026 (YTD) | 2025 | |
|---|---|---|
GRNI Fundstrat Granny Shots US Large Cap & Income ETF | 10.36% | 2.85% |
FIAT YieldMax Short COIN Option Income Strategy ETF | 13.21% | 10.91% |
Correlation
The correlation between GRNI and FIAT is -0.61, 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 19, 2025 | -0.61 |
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Return for Risk
GRNI vs. FIAT — Risk / Return Rank
GRNI
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.
Risk / return metrics aren't available yet — we need at least 12 months of trading data to calculate them.
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Sharpe Ratios by Period
| GRNI | FIAT | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | — | -0.03 | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 1.55 | -0.38 | +1.93 |
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 | — | -42.26% | — |
Current DrawdownCurrent decline from peak | 0.00% | -51.21% | +51.21% |
Average DrawdownAverage peak-to-trough decline | -2.10% | -45.36% | +43.26% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | — | 27.35% | — |
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 | — | 15.31% | — |
Volatility (6M)Calculated over the trailing 6-month period | — | 42.02% | — |
Volatility (1Y)Calculated over the trailing 1-year period | 17.30% | 55.36% | -38.06% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 17.30% | 60.50% | -43.20% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 17.30% | 60.50% | -43.20% |
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 4.76%, less than FIAT's 96.37% yield.
| Position | TTM | 2025 | 2024 |
|---|---|---|---|
FIAT YieldMax Short COIN Option Income Strategy ETF | 96.37% | 178.11% | 70.99% |
GRNI Fundstrat Granny Shots US Large Cap & Income ETF | 4.76% | 0.83% | 0.00% |
Frequently Asked Questions
GRNI and FIAT have a correlation of -0.61, 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 96.37%, compared with 4.76% for GRNI.
They also come from different issuers: Tidal and YieldMax.
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