GRNI vs. TDAQ
GRNI (Fundstrat Granny Shots US Large Cap & Income ETF) and TDAQ (TappAlpha Innovation 100 Growth & Daily Income ETF) are both Derivative Income funds. Both are actively managed. A 0.80 correlation means they provide meaningful diversification when combined. GRNI charges 0.99%/yr vs 0.83%/yr for TDAQ.
Performance
GRNI vs. TDAQ - 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 TDAQ's 14.74% return.
GRNI
- 1D
- -0.90%
- 1M
- 1.60%
- 6M
- 6.46%
- YTD
- 9.35%
- 1Y
- —
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
TDAQ
- 1D
- -1.61%
- 1M
- -1.90%
- 6M
- 12.56%
- YTD
- 14.74%
- 1Y
- —
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
GRNI vs. TDAQ - Yearly Performance Comparison
| 2026 (YTD) | 2025 | |
|---|---|---|
GRNI Fundstrat Granny Shots US Large Cap & Income ETF | 9.35% | 2.24% |
TDAQ TappAlpha Innovation 100 Growth & Daily Income ETF | 14.74% | 2.87% |
Correlation
The correlation between GRNI and TDAQ is 0.80, which is moderate. They share some common price drivers but move independently often enough to provide real diversification benefit when combined.
| Correlation | |
|---|---|
Correlation (All Time) Calculated using the full available price history since Nov 18, 2025 | 0.80 |
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Return for Risk
GRNI vs. TDAQ - 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 TappAlpha Innovation 100 Growth & Daily Income ETF (TDAQ). 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.
Risk / return metrics aren't available yet — we need at least 12 months of trading data to calculate them.
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Drawdowns
GRNI vs. TDAQ - Drawdown Comparison
The maximum GRNI drawdown since its inception was -9.55%, smaller than the maximum TDAQ drawdown of -11.31%. Use the drawdown chart below to compare losses from any high point for GRNI and TDAQ.
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Drawdown Indicators
| GRNI | TDAQ | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -9.55% | -11.31% | +1.76% |
Current DrawdownCurrent decline from peak | -0.91% | -4.94% | +4.03% |
Average DrawdownAverage peak-to-trough decline | -2.04% | -2.46% | +0.42% |
Volatility
GRNI vs. TDAQ - Volatility Comparison
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Volatility by Period
| GRNI | TDAQ | Difference | |
|---|---|---|---|
Volatility (1Y)Calculated over the trailing 1-year period | 17.11% | 18.87% | -1.76% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 17.11% | 18.87% | -1.76% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 17.11% | 18.87% | -1.76% |
GRNI vs. TDAQ - Expense Ratio Comparison
GRNI has a 0.99% expense ratio, which is higher than TDAQ's 0.83% expense ratio.
Dividends
GRNI vs. TDAQ - Dividend Comparison
GRNI's dividend yield for the trailing twelve months is around 5.66%, less than TDAQ's 12.16% yield.
| Position | TTM | 2025 |
|---|---|---|
GRNI Fundstrat Granny Shots US Large Cap & Income ETF | 5.66% | 0.83% |
TDAQ TappAlpha Innovation 100 Growth & Daily Income ETF | 12.16% | 4.32% |
Frequently Asked Questions
GRNI and TDAQ have a correlation of 0.80, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, TDAQ is cheaper at 0.83% per year. The better choice depends on whether you care most about return, fees, risk, or income.
TDAQ is cheaper with a 0.83% expense ratio, compared with 0.99% for GRNI.
TDAQ has the higher dividend yield at 12.16%, compared with 5.66% for GRNI.
They also come from different issuers: Tidal and TappAlpha. Their fees differ too: 0.99% for GRNI and 0.83% for TDAQ.
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