TFPN vs. BOAT

Last updated Aug 2, 2026

TFPN (Blueprint Chesapeake Multi-Asset Trend ETF) and BOAT (SonicShares Global Shipping ETF) are both exchange-traded funds - TFPN is a Global Allocation fund actively managed by Tidal, while BOAT is a Industrials Equities fund tracking the Solactive Global Shipping Index. TFPN is actively managed, while BOAT is passively managed. Over the past 3 years, TFPN returned 6.27%/yr vs 27.06%/yr for BOAT. Their 0.19 correlation means their historical movements had little consistent relationship. TFPN charges 1.10%/yr vs 0.69%/yr for BOAT.

Performance

TFPN vs. BOAT - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Blueprint Chesapeake Multi-Asset Trend ETF (TFPN) and SonicShares Global Shipping ETF (BOAT). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, TFPN achieves a 16.44% return, which is significantly lower than BOAT's 44.78% return.

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%

BOAT

• 1D: -0.74%
• 1M: 13.24%
• 6M: 27.61%
• YTD: 44.78%
• 1Y: 59.34%
• 3Y*: 27.06%
• 5Y*: —
• 10Y*: —
• ALL TIME*: 24.82%

*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)
BOAT SonicShares Global Shipping ETF	$1.27M	$891.42K	$991.19K
TFPN Blueprint Chesapeake Multi-Asset Trend ETF	$429.91K	$568.98K	$358.90K

TFPN vs. BOAT - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023
TFPN Blueprint Chesapeake Multi-Asset Trend ETF	16.44%	3.61%	2.67%	-1.83%
BOAT SonicShares Global Shipping ETF	44.78%	22.77%	5.97%	14.83%

Correlation

The correlation between TFPN and BOAT is 0.27, which is low. Their historical price movements had little consistent relationship.

	Correlation
Correlation (1Y) Focuses on recent behavior, but can change the most.	0.27
Correlation (3Y) Balances recent behavior with more history.	0.20
Correlation (All Time) Calculated using the full available price history since Jul 12, 2023	0.19

Return for Risk

TFPN vs. BOAT — Risk / Return Rank

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

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

BOAT

BOAT Risk / Return Rank: 93
BOAT Sharpe Ratio Rank: 96
BOAT Sortino Ratio Rank: 94
BOAT Omega Ratio Rank: 92
BOAT Calmar Ratio Rank: 95
BOAT Martin Ratio Rank: 90

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.

TFPN vs. BOAT - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Blueprint Chesapeake Multi-Asset Trend ETF (TFPN) and SonicShares Global Shipping ETF (BOAT). 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.

	TFPN	BOAT	Difference
Sharpe ratio: Return per unit of total volatility	1.77	2.85	-1.08
Sortino ratio: Return per unit of downside risk	2.37	3.70	-1.33
Omega ratio: Gain probability vs. loss probability	1.31	1.46	-0.14
Calmar ratio: Return relative to maximum drawdown	2.63	5.08	-2.45
Martin ratio: Return relative to average drawdown	8.82	14.33	-5.51

TFPN vs. BOAT - Sharpe Ratio Comparison

The current TFPN Sharpe Ratio is 1.77, which is lower than the BOAT Sharpe Ratio of 2.85. The chart below compares the historical Sharpe Ratios of TFPN and BOAT, 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

TFPN vs. BOAT - Drawdown Comparison

The maximum TFPN drawdown since its inception was -16.72%, smaller than the maximum BOAT drawdown of -33.94%. Use the drawdown chart below to compare losses from any high point for TFPN and BOAT.

Drawdown Indicators

	TFPN	BOAT	Difference
Max Drawdown Largest peak-to-trough decline	-16.72%	-33.94%	+17.22%
Max Drawdown (1Y) Largest decline over 1 year	-10.94%	-11.60%	+0.66%
Max Drawdown (3Y) Largest decline over 3 years	-16.72%	-33.94%	+17.22%
Max Drawdown (5Y) Largest decline over 5 years	—	-33.94%	—
Current Drawdown Current decline from peak	-8.40%	-0.74%	-7.66%
Average Drawdown Average peak-to-trough decline	-4.91%	-9.51%	+4.60%
Ulcer Index Depth and duration of drawdowns from previous peaks	3.25%	4.10%	-0.85%

Volatility

TFPN vs. BOAT - Volatility Comparison

Blueprint Chesapeake Multi-Asset Trend ETF (TFPN) and SonicShares Global Shipping ETF (BOAT) have volatilities of 7.02% and 7.09%, respectively, indicating that both stocks experience similar levels of price fluctuations. This suggests that the risk associated with both stocks, as measured by volatility, is nearly the same. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	TFPN	BOAT	Difference
Volatility (1M) Calculated over the trailing 1-month period	7.02%	7.09%	-0.07%
Volatility (6M) Calculated over the trailing 6-month period	13.85%	16.87%	-3.02%
Volatility (1Y) Calculated over the trailing 1-year period	16.24%	20.73%	-4.49%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	13.35%	25.07%	-11.72%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	13.35%	25.07%	-11.72%

TFPN vs. BOAT - Expense Ratio Comparison

TFPN has a 1.10% expense ratio, which is higher than BOAT's 0.69% expense ratio.

Dividends

TFPN vs. BOAT - Dividend Comparison

TFPN has not paid dividends to shareholders, while BOAT's dividend yield for the trailing twelve months is around 6.35%.

Position	TTM	2025	2024	2023	2022	2021
BOAT SonicShares Global Shipping ETF	6.35%	8.08%	13.89%	13.65%	13.57%	1.36%
TFPN Blueprint Chesapeake Multi-Asset Trend ETF	0.00%	0.00%	0.94%	0.98%	0.00%	0.00%

Frequently Asked Questions

Can I hold both TFPN and BOAT in my portfolio?

TFPN and BOAT have a correlation of 0.27, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, TFPN or BOAT?

BOAT has higher volatility (7.09%) compared to TFPN (7.02%). In terms of maximum drawdown, TFPN dropped -16.72% vs BOAT's -33.94%.

Which ETF is better, TFPN or BOAT?

On 3-year performance, BOAT leads with 27.06% vs 6.27% for TFPN. On fees, BOAT is cheaper at 0.69% per year. Their volatility is very similar. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF has performed better, TFPN or BOAT?

Over the 3-year period, BOAT has performed better with a 27.06% return vs 6.27%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, TFPN or BOAT?

BOAT is cheaper with a 0.69% expense ratio, compared with 1.10% for TFPN.

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

BOAT has the higher dividend yield at 6.35%, compared with 0.00% for TFPN.

What is the main difference between TFPN and BOAT?

TFPN is categorized as Global Allocation, while BOAT is Industrials Equities. Their fees differ too: 1.10% for TFPN and 0.69% for BOAT.

Which has better risk-adjusted returns?

BOAT currently has the higher Sharpe Ratio (2.85 vs 1.77), 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.