TFPN vs. GRNY

Last updated Jun 4, 2026

TFPN (Blueprint Chesapeake Multi-Asset Trend ETF) and GRNY (Fundstrat Granny Shots U.S. Large Cap ETF) are both exchange-traded funds - TFPN is a Global Allocation fund actively managed by Tidal ETFs, while GRNY is a Large Cap Blend Equities fund actively managed by Tidal ETFs. Both are actively managed. Over the past year, TFPN returned 45.99% vs 29.75% for GRNY. A 0.56 correlation means they provide meaningful diversification when combined. TFPN charges 1.10%/yr vs 0.75%/yr for GRNY.

Performance

TFPN vs. GRNY - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Blueprint Chesapeake Multi-Asset Trend ETF (TFPN) and Fundstrat Granny Shots U.S. Large Cap ETF (GRNY). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, TFPN achieves a 27.01% return, which is significantly higher than GRNY's 11.15% return.

TFPN

• 1D: 0.91%
• 1M: 5.79%
• YTD: 27.01%
• 6M: 28.49%
• 1Y: 45.99%
• 3Y*: —
• 5Y*: —
• 10Y*: —

GRNY

• 1D: -0.76%
• 1M: 3.30%
• YTD: 11.15%
• 6M: 9.73%
• 1Y: 29.75%
• 3Y*: —
• 5Y*: —
• 10Y*: —

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

TFPN vs. GRNY - Yearly Performance Comparison

	2026 (YTD)	2025	2024
TFPN Blueprint Chesapeake Multi-Asset Trend ETF	27.01%	3.61%	0.10%
GRNY Fundstrat Granny Shots U.S. Large Cap ETF	11.15%	24.05%	-1.09%

Correlation

The correlation between TFPN and GRNY is 0.58, which is moderate. They share some common price drivers but move independently often enough to provide real diversification benefit when combined.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.58
Correlation (All Time) Calculated using the full available price history since Nov 8, 2024	0.56

The correlation between TFPN and GRNY has been stable across timeframes, ranging from 0.56 to 0.58 - a consistent structural relationship.

Return for Risk

TFPN vs. GRNY — Risk / Return Rank

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

TFPN

TFPN Risk / Return Rank: 91
TFPN Sharpe Ratio Rank: 92
TFPN Sortino Ratio Rank: 92
TFPN Omega Ratio Rank: 91
TFPN Calmar Ratio Rank: 92
TFPN Martin Ratio Rank: 91

GRNY

GRNY Risk / Return Rank: 47
GRNY Sharpe Ratio Rank: 48
GRNY Sortino Ratio Rank: 45
GRNY Omega Ratio Rank: 44
GRNY Calmar Ratio Rank: 51
GRNY Martin Ratio Rank: 47

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. GRNY - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Blueprint Chesapeake Multi-Asset Trend ETF (TFPN) and Fundstrat Granny Shots U.S. Large Cap ETF (GRNY). 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	GRNY	Difference
Sharpe ratio: Return per unit of total volatility	3.37	1.70	+1.67
Sortino ratio: Return per unit of downside risk	4.44	2.30	+2.14
Omega ratio: Gain probability vs. loss probability	1.60	1.29	+0.32
Calmar ratio: Return relative to maximum drawdown	6.19	2.57	+3.62
Martin ratio: Return relative to average drawdown	21.51	7.85	+13.66
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. GRNY - Sharpe Ratio Comparison

The current TFPN Sharpe Ratio is 3.37, which is higher than the GRNY Sharpe Ratio of 1.70. The chart below compares the historical Sharpe Ratios of TFPN and GRNY, 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	GRNY	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	3.37	1.70	+1.67
Sharpe Ratio (All Time) Calculated using the full available price history	0.83	0.96	-0.13

Drawdowns

TFPN vs. GRNY - Drawdown Comparison

The maximum TFPN drawdown since its inception was -16.72%, smaller than the maximum GRNY drawdown of -24.18%. Use the drawdown chart below to compare losses from any high point for TFPN and GRNY.

Drawdown Indicators

	TFPN	GRNY	Difference
Max Drawdown Largest peak-to-trough decline	-16.72%	-24.18%	+7.46%
Max Drawdown (1Y) Largest decline over 1 year	-7.47%	-11.63%	+4.16%
Current Drawdown Current decline from peak	0.00%	-0.76%	+0.76%
Average Drawdown Average peak-to-trough decline	-4.89%	-4.03%	-0.86%
Ulcer Index Depth and duration of drawdowns from previous peaks	2.14%	3.80%	-1.66%

Volatility

TFPN vs. GRNY - Volatility Comparison

Blueprint Chesapeake Multi-Asset Trend ETF (TFPN) has a higher volatility of 4.55% compared to Fundstrat Granny Shots U.S. Large Cap ETF (GRNY) at 4.23%. This indicates that TFPN's price experiences larger fluctuations and is considered to be riskier than GRNY based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	TFPN	GRNY	Difference
Volatility (1M) Calculated over the trailing 1-month period	4.55%	4.23%	+0.32%
Volatility (6M) Calculated over the trailing 6-month period	11.50%	12.70%	-1.20%
Volatility (1Y) Calculated over the trailing 1-year period	13.70%	17.59%	-3.89%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	12.53%	23.19%	-10.66%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	12.53%	23.19%	-10.66%

TFPN vs. GRNY - Expense Ratio Comparison

TFPN has a 1.10% expense ratio, which is higher than GRNY's 0.75% expense ratio.

Dividends

TFPN vs. GRNY - Dividend Comparison

Neither TFPN nor GRNY has paid dividends to shareholders.

Position	TTM	2025	2024	2023
GRNY Fundstrat Granny Shots U.S. Large Cap ETF	0.00%	0.00%	0.00%	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 GRNY in my portfolio?

TFPN and GRNY have a correlation of 0.58, 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 GRNY?

TFPN has higher volatility (4.55%) compared to GRNY (4.23%). In terms of maximum drawdown, TFPN dropped -16.72% vs GRNY's -24.18%.

Which ETF is better, TFPN or GRNY?

On 1-year performance, TFPN leads with 45.99% vs 29.75% for GRNY. On fees, GRNY is cheaper at 0.75% per year. On volatility, GRNY has been the lower-risk option at 4.23%. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF has performed better, TFPN or GRNY?

Over the 1-year period, TFPN has performed better with a 45.99% return vs 29.75%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, TFPN or GRNY?

GRNY is cheaper with a 0.75% expense ratio, compared with 1.10% for TFPN.

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

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

What is the main difference between TFPN and GRNY?

TFPN is categorized as Global Allocation, while GRNY is Large Cap Blend Equities. Their fees differ too: 1.10% for TFPN and 0.75% for GRNY.

Which has better risk-adjusted returns?

TFPN currently has the higher Sharpe Ratio (3.37 vs 1.70), 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.