MFUT vs. TFFI

Last updated Jul 14, 2026

MFUT (Cambria Chesapeake Pure Trend ETF) and TFFI (Chesapeake Trend-Following Fixed Income ETF) are both exchange-traded funds - MFUT is a Systematic Trend fund actively managed by Cambria, while TFFI is a Actively Managed fund actively managed by Chesapeake. Both are actively managed. At a 0.45 correlation, their price movements are largely independent. MFUT charges 1.18%/yr vs 1.01%/yr for TFFI.

Performance

MFUT vs. TFFI - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Cambria Chesapeake Pure Trend ETF (MFUT) and Chesapeake Trend-Following Fixed Income ETF (TFFI). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

MFUT

• 1D: 0.90%
• 1M: -0.78%
• 6M: 9.64%
• YTD: 15.99%
• 1Y: 26.84%
• 3Y*: —
• 5Y*: —
• 10Y*: —

TFFI

• 1D: 0.55%
• 1M: 1.17%
• 6M: —
• YTD: —
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —

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

MFUT vs. TFFI - Yearly Performance Comparison

	2026 (YTD)
MFUT Cambria Chesapeake Pure Trend ETF	5.20%
TFFI Chesapeake Trend-Following Fixed Income ETF	0.50%

Correlation

The correlation between MFUT and TFFI is 0.45, which is low. Their price movements are largely independent, making them effective diversification partners.

	Correlation
Correlation (All Time) Calculated using the full available price history since Feb 24, 2026	0.45

Return for Risk

MFUT vs. TFFI — Risk / Return Rank

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

MFUT

MFUT Risk / Return Rank: 64
MFUT Sharpe Ratio Rank: 67
MFUT Sortino Ratio Rank: 58
MFUT Omega Ratio Rank: 72
MFUT Calmar Ratio Rank: 69
MFUT Martin Ratio Rank: 56

TFFI

Risk / return metrics aren't available yet — we need at least 12 months of trading data to calculate them.

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.

MFUT vs. TFFI - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Cambria Chesapeake Pure Trend ETF (MFUT) and Chesapeake Trend-Following Fixed Income ETF (TFFI). 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.

	MFUT	TFFI	Difference
Sharpe ratio: Return per unit of total volatility	1.74	—	—
Sortino ratio: Return per unit of downside risk	2.20	—	—
Omega ratio: Gain probability vs. loss probability	1.34	—	—
Calmar ratio: Return relative to maximum drawdown	2.72	—	—
Martin ratio: Return relative to average drawdown	7.56	—	—

Drawdowns

MFUT vs. TFFI - Drawdown Comparison

The maximum MFUT drawdown since its inception was -29.28%, which is greater than TFFI's maximum drawdown of -4.23%. Use the drawdown chart below to compare losses from any high point for MFUT and TFFI.

Drawdown Indicators

	MFUT	TFFI	Difference
Max Drawdown Largest peak-to-trough decline	-29.28%	-4.23%	-25.05%
Max Drawdown (1Y) Largest decline over 1 year	-9.89%	—	—
Current Drawdown Current decline from peak	-5.75%	-1.62%	-4.13%
Average Drawdown Average peak-to-trough decline	-16.07%	-1.65%	-14.42%
Ulcer Index Depth and duration of drawdowns from previous peaks	3.56%	—	—

Volatility

Volatility by Period

	MFUT	TFFI	Difference
Volatility (1M) Calculated over the trailing 1-month period	5.35%	—	—
Volatility (6M) Calculated over the trailing 6-month period	13.29%	—	—
Volatility (1Y) Calculated over the trailing 1-year period	15.57%	8.02%	+7.55%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	13.66%	8.02%	+5.64%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	13.66%	8.02%	+5.64%

MFUT vs. TFFI - Expense Ratio Comparison

MFUT has a 1.18% expense ratio, which is higher than TFFI's 1.01% expense ratio.

Dividends

MFUT vs. TFFI - Dividend Comparison

Neither MFUT nor TFFI has paid dividends to shareholders.

Position	TTM	2025	2024
MFUT Cambria Chesapeake Pure Trend ETF	0.00%	0.00%	0.33%
TFFI Chesapeake Trend-Following Fixed Income ETF	0.00%	0.00%	0.00%

Frequently Asked Questions

Can I hold both MFUT and TFFI in my portfolio?

MFUT and TFFI have a correlation of 0.45, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which ETF is better, MFUT or TFFI?

On fees, TFFI is cheaper at 1.01% per year. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF is cheaper, MFUT or TFFI?

TFFI is cheaper with a 1.01% expense ratio, compared with 1.18% for MFUT.

Which ETF pays a higher dividend yield, MFUT or TFFI?

MFUT and TFFI have nearly identical dividend yields, around 0.00%.

What is the main difference between MFUT and TFFI?

MFUT is categorized as Systematic Trend, while TFFI is Actively Managed. They also come from different issuers: Cambria and Chesapeake. Their fees differ too: 1.18% for MFUT and 1.01% for TFFI.