TDAQ vs. GRNI

Last updated Apr 1, 2026

Compare and contrast key facts about TappAlpha Innovation 100 Growth & Daily Income ETF (TDAQ) and Fundstrat Granny Shots US Large Cap & Income ETF (GRNI).

TDAQ and GRNI are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. TDAQ is an actively managed fund by TappAlpha. It was launched on Sep 4, 2025. GRNI is an actively managed fund by Tidal. It was launched on Nov 17, 2025.

Performance

TDAQ vs. GRNI - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in TappAlpha Innovation 100 Growth & Daily Income ETF (TDAQ) and Fundstrat Granny Shots US Large Cap & Income ETF (GRNI). The values are adjusted to include any dividend payments, if applicable.

TDAQ vs. GRNI - Yearly Performance Comparison

	2026 (YTD)	2025
TDAQ TappAlpha Innovation 100 Growth & Daily Income ETF	-5.75%	4.08%
GRNI Fundstrat Granny Shots US Large Cap & Income ETF	-3.67%	2.85%

Returns By Period

In the year-to-date period, TDAQ achieves a -5.75% return, which is significantly lower than GRNI's -3.67% return.

TDAQ

• 1D: 3.47%
• 1M: -5.19%
• YTD: -5.75%
• 6M: -2.06%
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —

GRNI

• 1D: 3.24%
• 1M: -3.70%
• YTD: -3.67%
• 6M: —
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —

*Multi-year figures are annualized to reflect compound growth (CAGR)

TDAQ vs. GRNI - Expense Ratio Comparison

TDAQ has a 0.68% expense ratio, which is lower than GRNI's 0.99% expense ratio.

GRNI

Fundstrat Granny Shots US Large Cap & Income ETF

TDAQ

TappAlpha Innovation 100 Growth & Daily Income ETF

Return for Risk

TDAQ vs. GRNI - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for TappAlpha Innovation 100 Growth & Daily Income ETF (TDAQ) and Fundstrat Granny Shots US Large Cap & Income ETF (GRNI). 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.

Sharpe Ratios by Period

	TDAQ	GRNI	Difference
Sharpe Ratio (All Time) Calculated using the full available price history	0.27	-0.14	+0.41

Correlation

The correlation between TDAQ and GRNI is 0.81, which is considered to be high. That indicates a strong positive relationship between their price movements. Having highly-correlated positions in a portfolio may signal a lack of diversification, potentially leading to increased risk during market downturns.

Dividends

TDAQ vs. GRNI - Dividend Comparison

TDAQ's dividend yield for the trailing twelve months is around 9.40%, more than GRNI's 3.51% yield.

	TTM	2025
TDAQ TappAlpha Innovation 100 Growth & Daily Income ETF	9.40%	4.32%
GRNI Fundstrat Granny Shots US Large Cap & Income ETF	3.51%	0.83%

Drawdowns

TDAQ vs. GRNI - Drawdown Comparison

The maximum TDAQ drawdown since its inception was -11.31%, which is greater than GRNI's maximum drawdown of -9.55%. Use the drawdown chart below to compare losses from any high point for TDAQ and GRNI.

Drawdown Indicators

	TDAQ	GRNI	Difference
Max Drawdown Largest peak-to-trough decline	-11.31%	-9.55%	-1.76%
Current Drawdown Current decline from peak	-8.23%	-6.62%	-1.61%
Average Drawdown Average peak-to-trough decline	-2.58%	-2.52%	-0.06%

Volatility

Volatility by Period

	TDAQ	GRNI	Difference
Volatility (1Y) Calculated over the trailing 1-year period	17.55%	18.73%	-1.18%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	17.55%	18.73%	-1.18%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	17.55%	18.73%	-1.18%