MAPP vs. TFPN

Last updated Jun 24, 2026

MAPP (Harbor Multi-Asset Explorer ETF) and TFPN (Blueprint Chesapeake Multi-Asset Trend ETF) are both Global Allocation funds. Both are actively managed. Over the past year, MAPP returned 18.03% vs 43.05% for TFPN. At a 0.44 correlation, their price movements are largely independent. MAPP charges 0.92%/yr vs 1.10%/yr for TFPN.

Performance

MAPP vs. TFPN - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Harbor Multi-Asset Explorer ETF (MAPP) and Blueprint Chesapeake Multi-Asset Trend ETF (TFPN). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, MAPP achieves a 5.16% return, which is significantly lower than TFPN's 25.19% return.

MAPP

• 1D: -1.85%
• 1M: -0.96%
• YTD: 5.16%
• 6M: 4.58%
• 1Y: 18.03%
• 3Y*: —
• 5Y*: —
• 10Y*: —

TFPN

• 1D: -1.03%
• 1M: 2.11%
• YTD: 25.19%
• 6M: 22.97%
• 1Y: 43.05%
• 3Y*: —
• 5Y*: —
• 10Y*: —

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

MAPP vs. TFPN - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023
MAPP Harbor Multi-Asset Explorer ETF	5.16%	18.67%	14.25%	4.01%
TFPN Blueprint Chesapeake Multi-Asset Trend ETF	25.19%	3.61%	2.67%	-1.46%

Correlation

The correlation between MAPP and TFPN is 0.61, which is moderate. They share some common price drivers but move independently often enough to provide real diversification benefit when combined.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.61
Correlation (All Time) Calculated using the full available price history since Sep 14, 2023	0.44

The correlation between MAPP and TFPN shifts across timeframes, from 0.44 (all time) to 0.61 (1 year), reflecting how their relationship changes across market environments.

Return for Risk

MAPP vs. TFPN — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.

MAPP

MAPP Risk / Return Rank: 62
MAPP Sharpe Ratio Rank: 60
MAPP Sortino Ratio Rank: 58
MAPP Omega Ratio Rank: 60
MAPP Calmar Ratio Rank: 64
MAPP Martin Ratio Rank: 66

TFPN

TFPN Risk / Return Rank: 90
TFPN Sharpe Ratio Rank: 91
TFPN Sortino Ratio Rank: 89
TFPN Omega Ratio Rank: 90
TFPN Calmar Ratio Rank: 92
TFPN Martin Ratio Rank: 90

The rank (0–100) shows how this investment's returns compare to the risk taken. Higher = better. Based on the past 12 months of data, combining Sharpe, Sortino, and other metrics used by quantitative funds and institutional investors.

MAPP vs. TFPN - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Harbor Multi-Asset Explorer ETF (MAPP) and Blueprint Chesapeake Multi-Asset Trend ETF (TFPN). 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.

	MAPP	TFPN	Difference
Sharpe ratio: Return per unit of total volatility	1.83	2.96	-1.13
Sortino ratio: Return per unit of downside risk	2.53	3.84	-1.31
Omega ratio: Gain probability vs. loss probability	1.34	1.53	-0.19
Calmar ratio: Return relative to maximum drawdown	2.93	5.79	-2.86
Martin ratio: Return relative to average drawdown	11.09	19.17	-8.09

MAPP vs. TFPN - Sharpe Ratio Comparison

The current MAPP Sharpe Ratio is 1.83, which is lower than the TFPN Sharpe Ratio of 2.96. The chart below compares the historical Sharpe Ratios of MAPP and TFPN, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Drawdowns

MAPP vs. TFPN - Drawdown Comparison

The maximum MAPP drawdown since its inception was -12.92%, smaller than the maximum TFPN drawdown of -16.72%. Use the drawdown chart below to compare losses from any high point for MAPP and TFPN.

Drawdown Indicators

	MAPP	TFPN	Difference
Max Drawdown Largest peak-to-trough decline	-12.92%	-16.72%	+3.80%
Max Drawdown (1Y) Largest decline over 1 year	-6.17%	-7.47%	+1.30%
Current Drawdown Current decline from peak	-2.59%	-1.52%	-1.07%
Average Drawdown Average peak-to-trough decline	-1.39%	-4.84%	+3.45%
Ulcer Index Depth and duration of drawdowns from previous peaks	1.63%	2.25%	-0.62%

Volatility

MAPP vs. TFPN - Volatility Comparison

The current volatility for Harbor Multi-Asset Explorer ETF (MAPP) is 4.70%, while Blueprint Chesapeake Multi-Asset Trend ETF (TFPN) has a volatility of 6.23%. This indicates that MAPP experiences smaller price fluctuations and is considered to be less risky than TFPN based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	MAPP	TFPN	Difference
Volatility (1M) Calculated over the trailing 1-month period	4.70%	6.23%	-1.53%
Volatility (6M) Calculated over the trailing 6-month period	8.26%	12.52%	-4.26%
Volatility (1Y) Calculated over the trailing 1-year period	9.91%	14.62%	-4.71%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	10.98%	12.84%	-1.86%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	10.98%	12.84%	-1.86%

MAPP vs. TFPN - Expense Ratio Comparison

MAPP has a 0.92% expense ratio, which is lower than TFPN's 1.10% expense ratio.

Dividends

MAPP vs. TFPN - Dividend Comparison

MAPP's dividend yield for the trailing twelve months is around 2.82%, while TFPN has not paid dividends to shareholders.

Position	TTM	2025	2024	2023
MAPP Harbor Multi-Asset Explorer ETF	2.82%	2.96%	2.41%	2.78%
TFPN Blueprint Chesapeake Multi-Asset Trend ETF	0.00%	0.00%	0.94%	0.98%

Frequently Asked Questions

Can I hold both MAPP and TFPN in my portfolio?

MAPP and TFPN have a correlation of 0.61, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, MAPP or TFPN?

TFPN has higher volatility (6.23%) compared to MAPP (4.70%). In terms of maximum drawdown, MAPP dropped -12.92% vs TFPN's -16.72%.

Which ETF is better, MAPP or TFPN?

On 1-year performance, TFPN leads with 43.05% vs 18.03% for MAPP. On fees, MAPP is cheaper at 0.92% per year. On volatility, MAPP has been the lower-risk option at 4.70%. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF has performed better, MAPP or TFPN?

Over the 1-year period, TFPN has performed better with a 43.05% return vs 18.03%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, MAPP or TFPN?

MAPP is cheaper with a 0.92% expense ratio, compared with 1.10% for TFPN.

Which ETF pays a higher dividend yield, MAPP or TFPN?

MAPP has the higher dividend yield at 2.82%, compared with 0.00% for TFPN.

What is the main difference between MAPP and TFPN?

They also come from different issuers: Harbor and Tidal ETFs. Their fees differ too: 0.92% for MAPP and 1.10% for TFPN.

Which has better risk-adjusted returns?

TFPN currently has the higher Sharpe Ratio (2.96 vs 1.83), 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.