TMAT vs. GRNY
TMAT (Main Thematic Innovation ETF) and GRNY (Fundstrat Granny Shots US Large Cap ETF) are both exchange-traded funds - TMAT is a Technology Equities fund tracking the MSCI ACWI Index, while GRNY is a Large Cap Blend Equities fund actively managed by Tidal ETFs. TMAT is passively managed, while GRNY is actively managed. Over the past year, TMAT returned 44.13% vs 29.75% for GRNY. Their correlation of 0.86 suggests significant overlap in exposure. TMAT charges 1.49%/yr vs 0.75%/yr for GRNY.
Performance
TMAT vs. GRNY - Performance Comparison
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Returns By Period
In the year-to-date period, TMAT achieves a 23.07% return, which is significantly higher than GRNY's 11.15% return.
TMAT
- 1D
- -1.03%
- 1M
- 14.89%
- YTD
- 23.07%
- 6M
- 18.18%
- 1Y
- 44.13%
- 3Y*
- 28.88%
- 5Y*
- 5.97%
- 10Y*
- —
GRNY
- 1D
- -0.76%
- 1M
- 3.30%
- YTD
- 11.15%
- 6M
- 9.73%
- 1Y
- 29.75%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
TMAT vs. GRNY - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | |
|---|---|---|---|
TMAT Main Thematic Innovation ETF | 23.07% | 20.06% | 4.86% |
GRNY Fundstrat Granny Shots US Large Cap ETF | 11.15% | 24.05% | -1.09% |
Correlation
The correlation between TMAT and GRNY is 0.85, indicating a strong positive relationship between their price movements. Combining them offers limited diversification - they tend to fall together during downturns.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.85 |
Correlation (All Time) Calculated using the full available price history since Nov 8, 2024 | 0.86 |
The correlation between TMAT and GRNY has been stable across timeframes, ranging from 0.85 to 0.86 - a consistent structural relationship.
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Return for Risk
TMAT vs. GRNY — Risk / Return Rank
TMAT
GRNY
TMAT vs. GRNY - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Main Thematic Innovation ETF (TMAT) and Fundstrat Granny Shots US Large Cap ETF (GRNY). 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.
| TMAT | GRNY | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.13 | ||
| Sortino ratioReturn per unit of downside risk | +0.11 | ||
| Omega ratioGain probability vs. loss probability | 1.30 | 1.29 | +0.01 |
| Calmar ratioReturn relative to maximum drawdown | 2.05 | 2.57 | -0.52 |
| Martin ratioReturn relative to average drawdown | 4.80 | 7.85 | -3.05 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
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Sharpe Ratios by Period
| TMAT | GRNY | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 1.83 | 1.70 | +0.13 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.20 | — | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.14 | 0.96 | -0.81 |
Drawdowns
TMAT vs. GRNY - Drawdown Comparison
The maximum TMAT drawdown since its inception was -58.55%, which is greater than GRNY's maximum drawdown of -24.18%. Use the drawdown chart below to compare losses from any high point for TMAT and GRNY.
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Drawdown Indicators
| TMAT | GRNY | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -58.55% | -24.18% | -34.37% |
Max Drawdown (1Y)Largest decline over 1 year | -21.63% | -11.63% | -10.00% |
Max Drawdown (3Y)Largest decline over 3 years | -33.42% | — | — |
Max Drawdown (5Y)Largest decline over 5 years | -52.10% | — | — |
Current DrawdownCurrent decline from peak | -1.03% | -0.76% | -0.27% |
Average DrawdownAverage peak-to-trough decline | -32.21% | -4.03% | -28.18% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 9.21% | 3.80% | +5.41% |
Volatility
TMAT vs. GRNY - Volatility Comparison
Main Thematic Innovation ETF (TMAT) has a higher volatility of 7.33% compared to Fundstrat Granny Shots US Large Cap ETF (GRNY) at 4.23%. This indicates that TMAT's price experiences larger fluctuations and is considered to be riskier than GRNY based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| TMAT | GRNY | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 7.33% | 4.23% | +3.10% |
Volatility (6M)Calculated over the trailing 6-month period | 16.97% | 12.70% | +4.27% |
Volatility (1Y)Calculated over the trailing 1-year period | 24.27% | 17.59% | +6.68% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 30.53% | 23.19% | +7.34% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 30.62% | 23.19% | +7.43% |
TMAT vs. GRNY - Expense Ratio Comparison
TMAT has a 1.49% expense ratio, which is higher than GRNY's 0.75% expense ratio.
Dividends
TMAT vs. GRNY - Dividend Comparison
TMAT's dividend yield for the trailing twelve months is around 0.02%, while GRNY has not paid dividends to shareholders.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 |
|---|---|---|---|---|---|---|
GRNY Fundstrat Granny Shots US Large Cap ETF | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
TMAT Main Thematic Innovation ETF | 0.02% | 0.02% | 0.00% | 0.00% | 0.34% | 0.20% |
Frequently Asked Questions
TMAT and GRNY have a correlation of 0.85, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
TMAT has higher volatility (7.33%) compared to GRNY (4.23%). In terms of maximum drawdown, TMAT dropped -58.55% vs GRNY's -24.18%.
On 1-year performance, TMAT leads with 44.13% vs 29.75% for GRNY. On fees, GRNY is cheaper at 0.75% per year. On volatility, GRNY has been the lower-risk option at 4.23%. The better choice depends on whether you care most about return, fees, risk, or income.
Over the 1-year period, TMAT has performed better with a 44.13% return vs 29.75%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.
GRNY is cheaper with a 0.75% expense ratio, compared with 1.49% for TMAT.
TMAT has the higher dividend yield at 0.02%, compared with 0.00% for GRNY.
TMAT is categorized as Technology Equities, while GRNY is Large Cap Blend Equities. They also come from different issuers: Main Management and Tidal ETFs. Their fees differ too: 1.49% for TMAT and 0.75% for GRNY.
TMAT currently has the higher Sharpe Ratio (1.83 vs 1.70), meaning it's delivered slightly more return per unit of risk over the trailing 12 months. However, this ranking shifts over time - use the Risk/Return Score above for a more comprehensive view that combines Sharpe, Sortino, and other measures used by quantitative funds.
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