TFPN vs. BOXX

Last updated Jun 5, 2026

TFPN (Blueprint Chesapeake Multi-Asset Trend ETF) and BOXX (Alpha Architect 1-3 Month Box ETF) are both exchange-traded funds - TFPN is a Global Allocation fund actively managed by Tidal ETFs, while BOXX is a Ultrashort Bond fund tracking the Solactive 1-3 Month US T-Bill Index. TFPN is actively managed, while BOXX is passively managed. Over the past year, TFPN returned 45.76% vs 4.09% for BOXX. At a correlation of -0.12, they often move in opposite directions. TFPN charges 1.10%/yr vs 0.19%/yr for BOXX.

Performance

TFPN vs. BOXX - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Blueprint Chesapeake Multi-Asset Trend ETF (TFPN) and Alpha Architect 1-3 Month Box ETF (BOXX). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, TFPN achieves a 27.12% return, which is significantly higher than BOXX's 1.59% return.

TFPN

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

BOXX

• 1D: 0.01%
• 1M: 0.29%
• YTD: 1.59%
• 6M: 1.98%
• 1Y: 4.09%
• 3Y*: 4.75%
• 5Y*: —
• 10Y*: —

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

TFPN vs. BOXX - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023
TFPN Blueprint Chesapeake Multi-Asset Trend ETF	27.12%	3.61%	2.67%	-1.60%
BOXX Alpha Architect 1-3 Month Box ETF	1.59%	4.37%	5.16%	2.57%

Correlation

The correlation between TFPN and BOXX 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 (1Y) Calculated over the trailing 1-year period	-0.09
Correlation (All Time) Calculated using the full available price history since Jul 13, 2023	-0.12

Return for Risk

TFPN vs. BOXX — Risk / Return Rank

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

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

BOXX

BOXX Risk / Return Rank: 100
BOXX Sharpe Ratio Rank: 100
BOXX Sortino Ratio Rank: 100
BOXX Omega Ratio Rank: 100
BOXX Calmar Ratio Rank: 100
BOXX Martin Ratio Rank: 100

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.

TFPN vs. BOXX - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Blueprint Chesapeake Multi-Asset Trend ETF (TFPN) and Alpha Architect 1-3 Month Box ETF (BOXX). 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.

	TFPN	BOXX	Difference
Sharpe ratio: Return per unit of total volatility	3.36	12.81	-9.45
Sortino ratio: Return per unit of downside risk	4.42	37.95	-33.53
Omega ratio: Gain probability vs. loss probability	1.60	9.96	-8.36
Calmar ratio: Return relative to maximum drawdown	6.16	59.63	-53.48
Martin ratio: Return relative to average drawdown	21.40	530.59	-509.19
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

TFPN vs. BOXX - Sharpe Ratio Comparison

The current TFPN Sharpe Ratio is 3.36, which is lower than the BOXX Sharpe Ratio of 12.81. The chart below compares the historical Sharpe Ratios of TFPN and BOXX, 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

	TFPN	BOXX	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	3.36	12.81	-9.45
Sharpe Ratio (All Time) Calculated using the full available price history	0.83	12.91	-12.08

Drawdowns

TFPN vs. BOXX - Drawdown Comparison

The maximum TFPN drawdown since its inception was -16.72%, which is greater than BOXX's maximum drawdown of -0.12%. Use the drawdown chart below to compare losses from any high point for TFPN and BOXX.

Drawdown Indicators

	TFPN	BOXX	Difference
Max Drawdown Largest peak-to-trough decline	-16.72%	-0.12%	-16.60%
Max Drawdown (1Y) Largest decline over 1 year	-7.47%	-0.07%	-7.40%
Max Drawdown (3Y) Largest decline over 3 years	—	-0.12%	—
Current Drawdown Current decline from peak	0.00%	0.00%	0.00%
Average Drawdown Average peak-to-trough decline	-4.88%	-0.00%	-4.88%
Ulcer Index Depth and duration of drawdowns from previous peaks	2.14%	0.01%	+2.13%

Volatility

TFPN vs. BOXX - Volatility Comparison

Blueprint Chesapeake Multi-Asset Trend ETF (TFPN) has a higher volatility of 4.49% compared to Alpha Architect 1-3 Month Box ETF (BOXX) at 0.09%. This indicates that TFPN's price experiences larger fluctuations and is considered to be riskier than BOXX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	TFPN	BOXX	Difference
Volatility (1M) Calculated over the trailing 1-month period	4.49%	0.09%	+4.40%
Volatility (6M) Calculated over the trailing 6-month period	11.39%	0.25%	+11.14%
Volatility (1Y) Calculated over the trailing 1-year period	13.70%	0.32%	+13.38%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	12.52%	0.37%	+12.15%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	12.52%	0.37%	+12.15%

TFPN vs. BOXX - Expense Ratio Comparison

TFPN has a 1.10% expense ratio, which is higher than BOXX's 0.19% expense ratio.

Dividends

TFPN vs. BOXX - Dividend Comparison

Neither TFPN nor BOXX has paid dividends to shareholders.

Position	TTM	2025	2024	2023
BOXX Alpha Architect 1-3 Month Box ETF	0.00%	0.00%	0.26%	0.00%
TFPN Blueprint Chesapeake Multi-Asset Trend ETF	0.00%	0.00%	0.94%	0.98%

Frequently Asked Questions

Can I hold both TFPN and BOXX in my portfolio?

TFPN and BOXX 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 is riskier, TFPN or BOXX?

TFPN has higher volatility (4.49%) compared to BOXX (0.09%). In terms of maximum drawdown, TFPN dropped -16.72% vs BOXX's -0.12%.

Which ETF is better, TFPN or BOXX?

On 1-year performance, TFPN leads with 45.76% vs 4.09% for BOXX. On fees, BOXX is cheaper at 0.19% per year. On volatility, BOXX has been the lower-risk option at 0.09%. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF has performed better, TFPN or BOXX?

Over the 1-year period, TFPN has performed better with a 45.76% return vs 4.09%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, TFPN or BOXX?

BOXX is cheaper with a 0.19% expense ratio, compared with 1.10% for TFPN.

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

TFPN and BOXX have nearly identical dividend yields, around 0.00%.

What is the main difference between TFPN and BOXX?

TFPN is categorized as Global Allocation, while BOXX is Ultrashort Bond. They also come from different issuers: Tidal ETFs and Alpha Architect. Their fees differ too: 1.10% for TFPN and 0.19% for BOXX.

Which has better risk-adjusted returns?

BOXX currently has the higher Sharpe Ratio (12.81 vs 3.36), 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.