TFFI vs. SDMF

Last updated Jul 17, 2026

TFFI (Chesapeake Trend-Following Fixed Income ETF) and SDMF (Simplify DBi CTA Managed Futures Index ETF) are both exchange-traded funds - TFFI is a Actively Managed fund actively managed by Chesapeake, while SDMF is a Systematic Trend fund tracking the DBi CTA Managed Futures Index. TFFI is actively managed, while SDMF is passively managed. At a 0.33 correlation, their price movements are largely independent. TFFI charges 1.01%/yr vs 0.35%/yr for SDMF.

Performance

TFFI vs. SDMF - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Chesapeake Trend-Following Fixed Income ETF (TFFI) and Simplify DBi CTA Managed Futures Index ETF (SDMF). 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*: —

SDMF

• 1D: -0.37%
• 1M: 1.14%
• 6M: —
• YTD: —
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —

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

TFFI vs. SDMF - Yearly Performance Comparison

	2026 (YTD)
TFFI Chesapeake Trend-Following Fixed Income ETF	0.29%
SDMF Simplify DBi CTA Managed Futures Index ETF	0.77%

Correlation

The correlation between TFFI and SDMF is 0.33, 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	0.33

Return for Risk

TFFI vs. SDMF - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Chesapeake Trend-Following Fixed Income ETF (TFFI) and Simplify DBi CTA Managed Futures Index ETF (SDMF). 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.

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

Drawdowns

TFFI vs. SDMF - Drawdown Comparison

The maximum TFFI drawdown since its inception was -4.23%, smaller than the maximum SDMF drawdown of -6.23%. Use the drawdown chart below to compare losses from any high point for TFFI and SDMF.

Drawdown Indicators

	TFFI	SDMF	Difference
Max Drawdown Largest peak-to-trough decline	-4.23%	-6.23%	+2.00%
Current Drawdown Current decline from peak	-1.83%	-1.35%	-0.48%
Average Drawdown Average peak-to-trough decline	-1.66%	-2.15%	+0.49%

Volatility

Volatility by Period

	TFFI	SDMF	Difference
Volatility (1Y) Calculated over the trailing 1-year period	7.92%	12.65%	-4.73%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	7.92%	12.65%	-4.73%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	7.92%	12.65%	-4.73%

TFFI vs. SDMF - Expense Ratio Comparison

TFFI has a 1.01% expense ratio, which is higher than SDMF's 0.35% expense ratio.

Dividends

TFFI vs. SDMF - Dividend Comparison

TFFI has not paid dividends to shareholders, while SDMF's dividend yield for the trailing twelve months is around 0.39%.

Position	TTM
SDMF Simplify DBi CTA Managed Futures Index ETF	0.39%
TFFI Chesapeake Trend-Following Fixed Income ETF	0.00%

Frequently Asked Questions

Can I hold both TFFI and SDMF in my portfolio?

TFFI and SDMF have a correlation of 0.33, 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 SDMF?

On fees, SDMF is cheaper at 0.35% per year. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF is cheaper, TFFI or SDMF?

SDMF is cheaper with a 0.35% expense ratio, compared with 1.01% for TFFI.

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

SDMF has the higher dividend yield at 0.39%, compared with 0.00% for TFFI.

What is the main difference between TFFI and SDMF?

TFFI is categorized as Actively Managed, while SDMF is Systematic Trend. They also come from different issuers: Chesapeake and Simplify. Their fees differ too: 1.01% for TFFI and 0.35% for SDMF.