RPAR vs. TFPN

Last updated Aug 2, 2026

RPAR (RPAR Risk Parity ETF) and TFPN (Blueprint Chesapeake Multi-Asset Trend ETF) are both Global Allocation funds. Both are actively managed. Over the past 3 years, RPAR returned 7.20%/yr vs 6.27%/yr for TFPN. Their 0.30 correlation means their historical movements had little consistent relationship. RPAR charges 0.51%/yr vs 1.10%/yr for TFPN.

Performance

RPAR vs. TFPN - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in RPAR Risk Parity ETF (RPAR) 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, RPAR achieves a 2.65% return, which is significantly lower than TFPN's 16.44% return.

RPAR

• 1D: -0.55%
• 1M: -1.99%
• 6M: -1.98%
• YTD: 2.65%
• 1Y: 11.54%
• 3Y*: 7.20%
• 5Y*: 0.20%
• 10Y*: —
• ALL TIME*: 3.72%

TFPN

• 1D: 0.65%
• 1M: -1.64%
• 6M: 5.45%
• YTD: 16.44%
• 1Y: 29.78%
• 3Y*: 6.27%
• 5Y*: —
• 10Y*: —
• ALL TIME*: 6.62%

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

Liquidity Comparison

Position	Avg. Volume Value (2W)	Avg. Volume Value (1M)	Avg. Volume Value (3M)
RPAR RPAR Risk Parity ETF	$342.76K	$300.17K	$486.62K
TFPN Blueprint Chesapeake Multi-Asset Trend ETF	$429.91K	$568.98K	$358.90K

RPAR vs. TFPN - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023
RPAR RPAR Risk Parity ETF	2.65%	17.91%	0.06%	3.00%
TFPN Blueprint Chesapeake Multi-Asset Trend ETF	16.44%	3.61%	2.67%	-1.83%

Correlation

The correlation between RPAR and TFPN is 0.52, which is moderate. They have sometimes moved together and sometimes differently, sharing some price drivers without tracking each other closely.

	Correlation
Correlation (1Y) Focuses on recent behavior, but can change the most.	0.52
Correlation (3Y) Balances recent behavior with more history.	0.31
Correlation (All Time) Calculated using the full available price history since Jul 12, 2023	0.30

Over the past year, RPAR and TFPN have become more correlated (0.52) than their long-term average of 0.30, meaning their price movements have been converging.

Return for Risk

RPAR vs. TFPN — Risk / Return Rank

Compare historical risk-adjusted metric ranks over the past 12 months.

RPAR

RPAR Risk / Return Rank: 43
RPAR Sharpe Ratio Rank: 46
RPAR Sortino Ratio Rank: 44
RPAR Omega Ratio Rank: 44
RPAR Calmar Ratio Rank: 42
RPAR Martin Ratio Rank: 36

TFPN

TFPN Risk / Return Rank: 75
TFPN Sharpe Ratio Rank: 78
TFPN Sortino Ratio Rank: 74
TFPN Omega Ratio Rank: 75
TFPN Calmar Ratio Rank: 75
TFPN Martin Ratio Rank: 71

The rank (0–100) uses a weighted average of the Sharpe, Sortino, Omega, Calmar, and Martin percentile ranks for the trailing 12 months. Higher means stronger historical risk-adjusted performance within the peer group.

RPAR vs. TFPN - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for RPAR Risk Parity ETF (RPAR) 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.

	RPAR	TFPN	Difference
Sharpe ratio: Return per unit of total volatility	1.14	1.77	-0.63
Sortino ratio: Return per unit of downside risk	1.62	2.37	-0.75
Omega ratio: Gain probability vs. loss probability	1.20	1.31	-0.11
Calmar ratio: Return relative to maximum drawdown	1.49	2.63	-1.14
Martin ratio: Return relative to average drawdown	3.68	8.82	-5.14

RPAR vs. TFPN - Sharpe Ratio Comparison

The current RPAR Sharpe Ratio is 1.14, which is lower than the TFPN Sharpe Ratio of 1.77. The chart below compares the historical Sharpe Ratios of RPAR 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

RPAR vs. TFPN - Drawdown Comparison

The maximum RPAR drawdown since its inception was -30.16%, which is greater than TFPN's maximum drawdown of -16.72%. Use the drawdown chart below to compare losses from any high point for RPAR and TFPN.

Drawdown Indicators

	RPAR	TFPN	Difference
Max Drawdown Largest peak-to-trough decline	-30.16%	-16.72%	-13.44%
Max Drawdown (1Y) Largest decline over 1 year	-8.10%	-10.94%	+2.84%
Max Drawdown (3Y) Largest decline over 3 years	-11.26%	-16.72%	+5.46%
Max Drawdown (5Y) Largest decline over 5 years	-30.16%	—	—
Current Drawdown Current decline from peak	-7.05%	-8.40%	+1.35%
Average Drawdown Average peak-to-trough decline	-11.46%	-4.91%	-6.55%
Ulcer Index Depth and duration of drawdowns from previous peaks	3.27%	3.25%	+0.02%

Volatility

RPAR vs. TFPN - Volatility Comparison

The current volatility for RPAR Risk Parity ETF (RPAR) is 2.71%, while Blueprint Chesapeake Multi-Asset Trend ETF (TFPN) has a volatility of 7.02%. This indicates that RPAR 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

	RPAR	TFPN	Difference
Volatility (1M) Calculated over the trailing 1-month period	2.71%	7.02%	-4.31%
Volatility (6M) Calculated over the trailing 6-month period	8.90%	13.85%	-4.95%
Volatility (1Y) Calculated over the trailing 1-year period	10.56%	16.24%	-5.68%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	12.50%	13.35%	-0.85%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	12.65%	13.35%	-0.70%

RPAR vs. TFPN - Expense Ratio Comparison

RPAR has a 0.51% expense ratio, which is lower than TFPN's 1.10% expense ratio.

Dividends

RPAR vs. TFPN - Dividend Comparison

RPAR's dividend yield for the trailing twelve months is around 2.45%, while TFPN has not paid dividends to shareholders.

Position	TTM	2025	2024	2023	2022	2021	2020	2019
RPAR RPAR Risk Parity ETF	2.45%	2.55%	2.51%	3.16%	4.01%	2.02%	0.76%	0.23%
TFPN Blueprint Chesapeake Multi-Asset Trend ETF	0.00%	0.00%	0.94%	0.98%	0.00%	0.00%	0.00%	0.00%

Frequently Asked Questions

Can I hold both RPAR and TFPN in my portfolio?

RPAR and TFPN have a correlation of 0.52, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, RPAR or TFPN?

TFPN has higher volatility (7.02%) compared to RPAR (2.71%). In terms of maximum drawdown, RPAR dropped -30.16% vs TFPN's -16.72%.

Which ETF is better, RPAR or TFPN?

On 3-year performance, RPAR leads with 7.20% vs 6.27% for TFPN. On fees, RPAR is cheaper at 0.51% per year. On volatility, RPAR has been the lower-risk option at 2.71%. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF has performed better, RPAR or TFPN?

Over the 3-year period, RPAR has performed better with a 7.20% return vs 6.27%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, RPAR or TFPN?

RPAR is cheaper with a 0.51% expense ratio, compared with 1.10% for TFPN.

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

RPAR has the higher dividend yield at 2.45%, compared with 0.00% for TFPN.

What is the main difference between RPAR and TFPN?

They also come from different issuers: Toroso Investments and Tidal. Their fees differ too: 0.51% for RPAR and 1.10% for TFPN.

Which has better risk-adjusted returns?

TFPN currently has the higher Sharpe Ratio (1.77 vs 1.14), 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.