GRNI vs. TFLO
GRNI (Fundstrat Granny Shots US Large Cap & Income ETF) and TFLO (iShares Treasury Floating Rate Bond ETF) are both exchange-traded funds - GRNI is a Derivative Income fund actively managed by Tidal, while TFLO is a Government Bonds fund tracking the Bloomberg U.S. Treasury Floating Rate Index. GRNI is actively managed, while TFLO is passively managed. At a correlation of -0.08, they often move in opposite directions. GRNI charges 0.99%/yr vs 0.15%/yr for TFLO.
Performance
GRNI vs. TFLO - Performance Comparison
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Returns By Period
In the year-to-date period, GRNI achieves a 7.47% return, which is significantly higher than TFLO's 1.81% return.
GRNI
- 1D
- -1.14%
- 1M
- 0.03%
- YTD
- 7.47%
- 6M
- 6.06%
- 1Y
- —
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
TFLO
- 1D
- 0.02%
- 1M
- 0.31%
- YTD
- 1.81%
- 6M
- 1.91%
- 1Y
- 3.99%
- 3Y*
- 4.72%
- 5Y*
- 3.68%
- 10Y*
- 2.38%
GRNI vs. TFLO - Yearly Performance Comparison
| 2026 (YTD) | 2025 | |
|---|---|---|
GRNI Fundstrat Granny Shots US Large Cap & Income ETF | 7.47% | 2.24% |
TFLO iShares Treasury Floating Rate Bond ETF | 1.81% | 0.50% |
Correlation
The correlation between GRNI and TFLO is -0.08, meaning there is essentially no relationship between their price movements. Each responds to its own set of market drivers, making them strong candidates for combining in a diversified portfolio.
| Correlation | |
|---|---|
Correlation (All Time) Calculated using the full available price history since Nov 18, 2025 | -0.08 |
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Return for Risk
GRNI vs. TFLO — Risk / Return Rank
GRNI
Risk / return metrics aren't available yet — we need at least 12 months of trading data to calculate them.
TFLO
GRNI vs. TFLO - 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 iShares Treasury Floating Rate Bond ETF (TFLO). 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 | TFLO | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | — | — | |
| Sortino ratioReturn per unit of downside risk | — | — | |
| Omega ratioGain probability vs. loss probability | — | 14.01 | — |
| Calmar ratioReturn relative to maximum drawdown | — | 202.27 | — |
| Martin ratioReturn relative to average drawdown | — | 827.47 | — |
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Drawdowns
GRNI vs. TFLO - Drawdown Comparison
The maximum GRNI drawdown since its inception was -9.55%, which is greater than TFLO's maximum drawdown of -5.01%. Use the drawdown chart below to compare losses from any high point for GRNI and TFLO.
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Drawdown Indicators
| GRNI | TFLO | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -9.55% | -5.01% | -4.54% |
Max Drawdown (1Y)Largest decline over 1 year | — | -0.02% | — |
Max Drawdown (3Y)Largest decline over 3 years | — | -0.04% | — |
Max Drawdown (5Y)Largest decline over 5 years | — | -0.13% | — |
Max Drawdown (10Y)Largest decline over 10 years | — | -0.16% | — |
Current DrawdownCurrent decline from peak | -2.61% | 0.00% | -2.61% |
Average DrawdownAverage peak-to-trough decline | -2.11% | -0.10% | -2.01% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | — | 0.00% | — |
Volatility
GRNI vs. TFLO - Volatility Comparison
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Volatility by Period
| GRNI | TFLO | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | — | 0.08% | — |
Volatility (6M)Calculated over the trailing 6-month period | — | 0.20% | — |
Volatility (1Y)Calculated over the trailing 1-year period | 17.55% | 0.29% | +17.26% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 17.55% | 0.35% | +17.20% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 17.55% | 0.46% | +17.09% |
GRNI vs. TFLO - Expense Ratio Comparison
GRNI has a 0.99% expense ratio, which is higher than TFLO's 0.15% expense ratio.
Dividends
GRNI vs. TFLO - Dividend Comparison
GRNI's dividend yield for the trailing twelve months is around 4.88%, more than TFLO's 3.89% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
GRNI Fundstrat Granny Shots US Large Cap & Income ETF | 4.88% | 0.83% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
TFLO iShares Treasury Floating Rate Bond ETF | 3.89% | 4.16% | 5.21% | 4.88% | 1.68% | 0.00% | 0.36% | 2.08% | 1.65% | 0.86% | 0.31% | 0.15% |
Frequently Asked Questions
GRNI and TFLO have a correlation of -0.08, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, TFLO is cheaper at 0.15% per year. The better choice depends on whether you care most about return, fees, risk, or income.
TFLO is cheaper with a 0.15% expense ratio, compared with 0.99% for GRNI.
GRNI has the higher dividend yield at 4.88%, compared with 3.89% for TFLO.
GRNI is categorized as Derivative Income, while TFLO is Government Bonds. They also come from different issuers: Tidal and iShares. Their fees differ too: 0.99% for GRNI and 0.15% for TFLO.
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