NDOW vs. TFPN

Last updated Jun 5, 2026

NDOW (Anydrus Advantage ETF) and TFPN (Blueprint Chesapeake Multi-Asset Trend ETF) are both Global Allocation funds. Both are actively managed. Over the past year, NDOW returned 19.61% vs 45.76% for TFPN. A 0.53 correlation means they provide meaningful diversification when combined. NDOW charges 2.15%/yr vs 1.10%/yr for TFPN.

Performance

NDOW vs. TFPN - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Anydrus Advantage ETF (NDOW) 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, NDOW achieves a 8.49% return, which is significantly lower than TFPN's 27.12% return.

NDOW

• 1D: 0.17%
• 1M: 3.10%
• YTD: 8.49%
• 6M: 9.72%
• 1Y: 19.61%
• 3Y*: —
• 5Y*: —
• 10Y*: —

TFPN

• 1D: 0.09%
• 1M: 4.83%
• YTD: 27.12%
• 6M: 26.38%
• 1Y: 45.76%
• 3Y*: —
• 5Y*: —
• 10Y*: —

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

NDOW vs. TFPN - Yearly Performance Comparison

	2026 (YTD)	2025	2024
NDOW Anydrus Advantage ETF	8.49%	14.80%	-1.91%
TFPN Blueprint Chesapeake Multi-Asset Trend ETF	27.12%	3.61%	-2.05%

Correlation

The correlation between NDOW and TFPN is 0.60, 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	0.60
Correlation (All Time) Calculated using the full available price history since May 15, 2024	0.53

The correlation between NDOW and TFPN has been stable across timeframes, ranging from 0.53 to 0.60 - a consistent structural relationship.

Return for Risk

NDOW vs. TFPN — Risk / Return Rank

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

NDOW

NDOW Risk / Return Rank: 65
NDOW Sharpe Ratio Rank: 68
NDOW Sortino Ratio Rank: 69
NDOW Omega Ratio Rank: 68
NDOW Calmar Ratio Rank: 56
NDOW Martin Ratio Rank: 64

TFPN

TFPN Risk / Return Rank: 92
TFPN Sharpe Ratio Rank: 93
TFPN Sortino Ratio Rank: 92
TFPN Omega Ratio Rank: 92
TFPN Calmar Ratio Rank: 92
TFPN Martin Ratio Rank: 91

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.

NDOW vs. TFPN - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Anydrus Advantage ETF (NDOW) 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.

	NDOW	TFPN	Difference
Sharpe ratio: Return per unit of total volatility	2.20	3.36	-1.16
Sortino ratio: Return per unit of downside risk	3.09	4.42	-1.33
Omega ratio: Gain probability vs. loss probability	1.40	1.60	-0.20
Calmar ratio: Return relative to maximum drawdown	2.75	6.16	-3.41
Martin ratio: Return relative to average drawdown	11.52	21.40	-9.88
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

NDOW vs. TFPN - Sharpe Ratio Comparison

The current NDOW Sharpe Ratio is 2.20, which is lower than the TFPN Sharpe Ratio of 3.36. The chart below compares the historical Sharpe Ratios of NDOW 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.

Sharpe Ratios by Period

	NDOW	TFPN	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	2.20	3.36	-1.16
Sharpe Ratio (All Time) Calculated using the full available price history	1.17	0.83	+0.33

Drawdowns

NDOW vs. TFPN - Drawdown Comparison

The maximum NDOW drawdown since its inception was -8.76%, smaller than the maximum TFPN drawdown of -16.72%. Use the drawdown chart below to compare losses from any high point for NDOW and TFPN.

Drawdown Indicators

	NDOW	TFPN	Difference
Max Drawdown Largest peak-to-trough decline	-8.76%	-16.72%	+7.96%
Max Drawdown (1Y) Largest decline over 1 year	-7.17%	-7.47%	+0.30%
Current Drawdown Current decline from peak	-0.45%	0.00%	-0.45%
Average Drawdown Average peak-to-trough decline	-1.38%	-4.88%	+3.50%
Ulcer Index Depth and duration of drawdowns from previous peaks	1.71%	2.14%	-0.43%

Volatility

NDOW vs. TFPN - Volatility Comparison

The current volatility for Anydrus Advantage ETF (NDOW) is 3.49%, while Blueprint Chesapeake Multi-Asset Trend ETF (TFPN) has a volatility of 4.49%. This indicates that NDOW 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

	NDOW	TFPN	Difference
Volatility (1M) Calculated over the trailing 1-month period	3.49%	4.49%	-1.00%
Volatility (6M) Calculated over the trailing 6-month period	7.49%	11.39%	-3.90%
Volatility (1Y) Calculated over the trailing 1-year period	8.96%	13.70%	-4.74%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	8.84%	12.52%	-3.68%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	8.84%	12.52%	-3.68%

NDOW vs. TFPN - Expense Ratio Comparison

NDOW has a 2.15% expense ratio, which is higher than TFPN's 1.10% expense ratio.

Dividends

NDOW vs. TFPN - Dividend Comparison

NDOW's dividend yield for the trailing twelve months is around 1.14%, while TFPN has not paid dividends to shareholders.

Position	TTM	2025	2024	2023
NDOW Anydrus Advantage ETF	1.14%	1.24%	1.39%	0.00%
TFPN Blueprint Chesapeake Multi-Asset Trend ETF	0.00%	0.00%	0.94%	0.98%

Frequently Asked Questions

Can I hold both NDOW and TFPN in my portfolio?

NDOW and TFPN have a correlation of 0.60, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, NDOW or TFPN?

TFPN has higher volatility (4.49%) compared to NDOW (3.49%). In terms of maximum drawdown, NDOW dropped -8.76% vs TFPN's -16.72%.

Which ETF is better, NDOW or TFPN?

On 1-year performance, TFPN leads with 45.76% vs 19.61% for NDOW. On fees, TFPN is cheaper at 1.10% per year. On volatility, NDOW has been the lower-risk option at 3.49%. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF has performed better, NDOW or TFPN?

Over the 1-year period, TFPN has performed better with a 45.76% return vs 19.61%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, NDOW or TFPN?

TFPN is cheaper with a 1.10% expense ratio, compared with 2.15% for NDOW.

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

NDOW has the higher dividend yield at 1.14%, compared with 0.00% for TFPN.

What is the main difference between NDOW and TFPN?

They also come from different issuers: Anydrus Capital and Tidal ETFs. Their fees differ too: 2.15% for NDOW and 1.10% for TFPN.

Which has better risk-adjusted returns?

TFPN currently has the higher Sharpe Ratio (3.36 vs 2.20), 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.