TFPN vs. IAK
TFPN (Blueprint Chesapeake Multi-Asset Trend ETF) and IAK (iShares U.S. Insurance ETF) are both exchange-traded funds - TFPN is a Global Allocation fund actively managed by Tidal, while IAK is a Financials Equities fund tracking the Dow Jones U.S. Select Insurance Index. TFPN is actively managed, while IAK is passively managed. Over the past 3 years, TFPN returned 6.27%/yr vs 19.72%/yr for IAK. Their 0.03 correlation means their historical movements had little consistent relationship. TFPN charges 1.10%/yr vs 0.38%/yr for IAK.
Performance
TFPN vs. IAK - Performance Comparison
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Returns By Period
In the year-to-date period, TFPN achieves a 16.44% return, which is significantly higher than IAK's 10.07% 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%
IAK
- 1D
- -0.31%
- 1M
- -0.06%
- 6M
- 12.67%
- YTD
- 10.07%
- 1Y
- 19.63%
- 3Y*
- 19.72%
- 5Y*
- 15.95%
- 10Y*
- 13.45%
- ALL TIME*
- 7.39%
Liquidity Comparison
| Position | Avg. Volume Value (2W) | Avg. Volume Value (1M) | Avg. Volume Value (3M) |
|---|---|---|---|
| $14.76M | $20.90M | $11.89M | |
| $429.91K | $568.98K | $358.90K |
TFPN vs. IAK - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | |
|---|---|---|---|---|
TFPN Blueprint Chesapeake Multi-Asset Trend ETF | 16.44% | 3.61% | 2.67% | -1.83% |
IAK iShares U.S. Insurance ETF | 10.07% | 9.50% | 28.25% | 13.88% |
Correlation
The correlation between TFPN and IAK is -0.12, meaning they have often moved in opposite directions in the past. This relationship can weaken or reverse as market conditions change.
| Correlation | |
|---|---|
Correlation (1Y) Focuses on recent behavior, but can change the most. | -0.12 |
Correlation (3Y) Balances recent behavior with more history. | 0.03 |
Correlation (All Time) Calculated using the full available price history since Jul 12, 2023 | 0.03 |
The correlation between TFPN and IAK shifts across timeframes, from -0.12 (1 year) to 0.03 (3 years), reflecting how their relationship changes across market environments.
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Return for Risk
TFPN vs. IAK — Risk / Return Rank
TFPN
IAK
TFPN vs. IAK - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Blueprint Chesapeake Multi-Asset Trend ETF (TFPN) and iShares U.S. Insurance ETF (IAK). 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 | IAK | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.60 | ||
| Sortino ratioReturn per unit of downside risk | +0.65 | ||
| Omega ratioGain probability vs. loss probability | 1.31 | 1.21 | +0.10 |
| Calmar ratioReturn relative to maximum drawdown | 2.63 | 2.45 | +0.18 |
| Martin ratioReturn relative to average drawdown | 8.82 | 5.96 | +2.86 |
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Drawdowns
TFPN vs. IAK - Drawdown Comparison
The maximum TFPN drawdown since its inception was -16.72%, smaller than the maximum IAK drawdown of -77.38%. Use the drawdown chart below to compare losses from any high point for TFPN and IAK.
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Drawdown Indicators
| TFPN | IAK | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -16.72% | -77.38% | +60.66% |
Max Drawdown (1Y)Largest decline over 1 year | -10.94% | -7.62% | -3.32% |
Max Drawdown (3Y)Largest decline over 3 years | -16.72% | -11.58% | -5.14% |
Max Drawdown (5Y)Largest decline over 5 years | — | -14.76% | — |
Max Drawdown (10Y)Largest decline over 10 years | — | -44.95% | — |
Current DrawdownCurrent decline from peak | -8.40% | -3.23% | -5.17% |
Average DrawdownAverage peak-to-trough decline | -4.91% | -16.01% | +11.10% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 3.25% | 3.13% | +0.12% |
Volatility
TFPN vs. IAK - Volatility Comparison
Blueprint Chesapeake Multi-Asset Trend ETF (TFPN) and iShares U.S. Insurance ETF (IAK) have volatilities of 7.02% and 7.03%, 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.
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Volatility by Period
| TFPN | IAK | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 7.02% | 7.03% | -0.01% |
Volatility (6M)Calculated over the trailing 6-month period | 13.85% | 12.43% | +1.42% |
Volatility (1Y)Calculated over the trailing 1-year period | 16.24% | 16.00% | +0.24% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 13.35% | 18.13% | -4.78% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 13.35% | 20.92% | -7.57% |
TFPN vs. IAK - Expense Ratio Comparison
TFPN has a 1.10% expense ratio, which is higher than IAK's 0.38% expense ratio.
Dividends
TFPN vs. IAK - Dividend Comparison
TFPN has not paid dividends to shareholders, while IAK's dividend yield for the trailing twelve months is around 2.43%.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
IAK iShares U.S. Insurance ETF | 2.43% | 1.69% | 1.49% | 1.44% | 1.69% | 2.26% | 2.07% | 1.84% | 2.33% | 1.62% | 1.68% | 1.62% |
TFPN Blueprint Chesapeake Multi-Asset Trend ETF | 0.00% | 0.00% | 0.94% | 0.98% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
Frequently Asked Questions
TFPN and IAK have a correlation of -0.12, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
IAK has higher volatility (7.03%) compared to TFPN (7.02%). In terms of maximum drawdown, TFPN dropped -16.72% vs IAK's -77.38%.
On 3-year performance, IAK leads with 19.72% vs 6.27% for TFPN. On fees, IAK is cheaper at 0.38% per year. Their volatility is very similar. The better choice depends on whether you care most about return, fees, risk, or income.
Over the 3-year period, IAK has performed better with a 19.72% return vs 6.27%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.
IAK is cheaper with a 0.38% expense ratio, compared with 1.10% for TFPN.
IAK has the higher dividend yield at 2.43%, compared with 0.00% for TFPN.
TFPN is categorized as Global Allocation, while IAK is Financials Equities. They also come from different issuers: Tidal and iShares. Their fees differ too: 1.10% for TFPN and 0.38% for IAK.
TFPN currently has the higher Sharpe Ratio (1.77 vs 1.17), 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.
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