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 0.68%/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 9.53% return, which is significantly lower than TDAQ's 20.13% return.
GRNI
- 1D
- -0.70%
- 1M
- 3.46%
- YTD
- 9.53%
- 6M
- 8.72%
- 1Y
- —
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
TDAQ
- 1D
- -0.48%
- 1M
- 10.56%
- YTD
- 20.13%
- 6M
- 19.09%
- 1Y
- —
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
GRNI vs. TDAQ - Yearly Performance Comparison
| 2026 (YTD) | 2025 | |
|---|---|---|
GRNI Fundstrat Granny Shots US Large Cap & Income ETF | 9.53% | 2.85% |
TDAQ TappAlpha Innovation 100 Growth & Daily Income ETF | 20.13% | 4.08% |
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 19, 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.
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 | TDAQ | Difference | |
|---|---|---|---|
Sharpe Ratio (All Time)Calculated using the full available price history | 1.45 | 2.55 | -1.10 |
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 | -0.70% | -0.48% | -0.22% |
Average DrawdownAverage peak-to-trough decline | -2.12% | -2.25% | +0.13% |
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 | 17.34% | 17.14% | +0.20% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 17.34% | 17.14% | +0.20% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 17.34% | 17.14% | +0.20% |
GRNI vs. TDAQ - Expense Ratio Comparison
GRNI has a 0.99% expense ratio, which is higher than TDAQ's 0.68% expense ratio.
Dividends
GRNI vs. TDAQ - Dividend Comparison
GRNI's dividend yield for the trailing twelve months is around 4.79%, less than TDAQ's 10.10% yield.
| Position | TTM | 2025 |
|---|---|---|
GRNI Fundstrat Granny Shots US Large Cap & Income ETF | 4.79% | 0.83% |
TDAQ TappAlpha Innovation 100 Growth & Daily Income ETF | 10.10% | 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 0.68% per year. The better choice depends on whether you care most about return, fees, risk, or income.
TDAQ is cheaper with a 0.68% expense ratio, compared with 0.99% for GRNI.
TDAQ has the higher dividend yield at 10.10%, compared with 4.79% for GRNI.
They also come from different issuers: Tidal and TappAlpha. Their fees differ too: 0.99% for GRNI and 0.68% for TDAQ.
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