TFFI vs. GXDW

Last updated Jul 17, 2026

TFFI (Chesapeake Trend-Following Fixed Income ETF) and GXDW (Global X Dorsey Wright Thematic ETF) are both exchange-traded funds - TFFI is a Actively Managed fund actively managed by Chesapeake, while GXDW is a Systematic Trend fund tracking the Nasdaq Dorsey Wright Thematic Rotation Total Return Index. TFFI is actively managed, while GXDW is passively managed. At a correlation of -0.09, they often move in opposite directions. TFFI charges 1.01%/yr vs 0.50%/yr for GXDW.

Performance

TFFI vs. GXDW - Performance Comparison

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

Returns By Period

TFFI

• 1D: 0.21%
• 1M: 1.17%
• 6M: —
• YTD: —
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —

GXDW

• 1D: -4.51%
• 1M: -17.53%
• 6M: -9.23%
• YTD: -3.20%
• 1Y: -8.62%
• 3Y*: -5.63%
• 5Y*: -12.78%
• 10Y*: —

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

TFFI vs. GXDW - Yearly Performance Comparison

	2026 (YTD)
TFFI Chesapeake Trend-Following Fixed Income ETF	0.29%
GXDW Global X Dorsey Wright Thematic ETF	-0.48%

Correlation

The correlation between TFFI and GXDW is -0.09, meaning there is essentially no relationship between their price movements. Each responds to its own set of market drivers, making them strong candidates for combining in a diversified portfolio.

	Correlation
Correlation (All Time) Calculated using the full available price history since Feb 24, 2026	-0.09

Return for Risk

TFFI vs. GXDW — Risk / Return Rank

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

TFFI

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

GXDW

GXDW Risk / Return Rank: 6
GXDW Sharpe Ratio Rank: 7
GXDW Sortino Ratio Rank: 7
GXDW Omega Ratio Rank: 7
GXDW Calmar Ratio Rank: 6
GXDW Martin Ratio Rank: 6

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.

TFFI vs. GXDW - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Chesapeake Trend-Following Fixed Income ETF (TFFI) and Global X Dorsey Wright Thematic ETF (GXDW). 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.

	TFFI	GXDW	Difference
Sharpe ratio: Return per unit of total volatility	—	-0.29	—
Sortino ratio: Return per unit of downside risk	—	-0.21	—
Omega ratio: Gain probability vs. loss probability	—	0.97	—
Calmar ratio: Return relative to maximum drawdown	—	-0.35	—
Martin ratio: Return relative to average drawdown	—	-0.75	—

Drawdowns

TFFI vs. GXDW - Drawdown Comparison

The maximum TFFI drawdown since its inception was -4.23%, smaller than the maximum GXDW drawdown of -67.81%. Use the drawdown chart below to compare losses from any high point for TFFI and GXDW.

Drawdown Indicators

	TFFI	GXDW	Difference
Max Drawdown Largest peak-to-trough decline	-4.23%	-67.81%	+63.58%
Max Drawdown (1Y) Largest decline over 1 year	—	-24.65%	—
Max Drawdown (3Y) Largest decline over 3 years	—	-29.97%	—
Max Drawdown (5Y) Largest decline over 5 years	—	-61.17%	—
Current Drawdown Current decline from peak	-1.83%	-61.74%	+59.91%
Average Drawdown Average peak-to-trough decline	-1.66%	-43.29%	+41.63%
Ulcer Index Depth and duration of drawdowns from previous peaks	—	11.51%	—

Volatility

Volatility by Period

	TFFI	GXDW	Difference
Volatility (1M) Calculated over the trailing 1-month period	—	10.35%	—
Volatility (6M) Calculated over the trailing 6-month period	—	23.82%	—
Volatility (1Y) Calculated over the trailing 1-year period	7.92%	29.78%	-21.86%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	7.92%	28.45%	-20.53%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	7.92%	29.96%	-22.04%

TFFI vs. GXDW - Expense Ratio Comparison

TFFI has a 1.01% expense ratio, which is higher than GXDW's 0.50% expense ratio.

Dividends

TFFI vs. GXDW - Dividend Comparison

TFFI has not paid dividends to shareholders, while GXDW's dividend yield for the trailing twelve months is around 1.55%.

Position	TTM	2025	2024	2023	2022	2021	2020	2019
GXDW Global X Dorsey Wright Thematic ETF	1.55%	1.40%	1.08%	1.99%	1.48%	1.56%	0.48%	0.31%
TFFI Chesapeake Trend-Following Fixed Income ETF	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%

Frequently Asked Questions

Can I hold both TFFI and GXDW in my portfolio?

TFFI and GXDW have a correlation of -0.09, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which ETF is better, TFFI or GXDW?

On fees, GXDW is cheaper at 0.50% per year. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF is cheaper, TFFI or GXDW?

GXDW is cheaper with a 0.50% expense ratio, compared with 1.01% for TFFI.

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

GXDW has the higher dividend yield at 1.55%, compared with 0.00% for TFFI.

What is the main difference between TFFI and GXDW?

TFFI is categorized as Actively Managed, while GXDW is Systematic Trend. They also come from different issuers: Chesapeake and Global X. Their fees differ too: 1.01% for TFFI and 0.50% for GXDW.