TFPN vs. KEAT

Last updated Jun 4, 2026

TFPN (Blueprint Chesapeake Multi-Asset Trend ETF) and KEAT (Keating Active ETF) are both Global Allocation funds. Both are actively managed. Over the past year, TFPN returned 45.99% vs 24.92% for KEAT. At a 0.30 correlation, their price movements are largely independent. TFPN charges 1.10%/yr vs 0.85%/yr for KEAT.

Performance

TFPN vs. KEAT - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Blueprint Chesapeake Multi-Asset Trend ETF (TFPN) and Keating Active ETF (KEAT). 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 KEAT's 9.05% return.

TFPN

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

KEAT

• 1D: -0.72%
• 1M: -1.47%
• YTD: 9.05%
• 6M: 9.91%
• 1Y: 24.92%
• 3Y*: —
• 5Y*: —
• 10Y*: —

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

TFPN vs. KEAT - Yearly Performance Comparison

	2026 (YTD)	2025	2024
TFPN Blueprint Chesapeake Multi-Asset Trend ETF	27.01%	3.61%	-2.76%
KEAT Keating Active ETF	9.05%	22.76%	2.41%

Correlation

The correlation between TFPN and KEAT is 0.37, which is low. Their price movements are largely independent, making them effective diversification partners.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.37
Correlation (All Time) Calculated using the full available price history since Mar 28, 2024	0.30

TFPN vs. KEAT - Sectors Allocation Comparison

Sectors	TFPN	KEAT
Industrials	29.8%	4.3%
Technology	17.9%	-
Basic Materials	14.7%	21.7%
Energy	10.4%	30.9%
Healthcare	5.5%	5.3%
Consumer Cyclical	4.8%	-
Financial Services	4.8%	1.0%
Consumer Defensive	4.3%	22.2%
Utilities	3.3%	-
Communication Services	2.9%	15.0%
Real Estate	1.6%	0.6%

Return for Risk

TFPN vs. KEAT — 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

KEAT

KEAT Risk / Return Rank: 73
KEAT Sharpe Ratio Rank: 75
KEAT Sortino Ratio Rank: 73
KEAT Omega Ratio Rank: 73
KEAT Calmar Ratio Rank: 80
KEAT Martin Ratio Rank: 63

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. KEAT - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Blueprint Chesapeake Multi-Asset Trend ETF (TFPN) and Keating Active ETF (KEAT). 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	KEAT	Difference
Sharpe ratio: Return per unit of total volatility	3.37	2.44	+0.93
Sortino ratio: Return per unit of downside risk	4.44	3.32	+1.12
Omega ratio: Gain probability vs. loss probability	1.60	1.44	+0.17
Calmar ratio: Return relative to maximum drawdown	6.19	4.14	+2.05
Martin ratio: Return relative to average drawdown	21.51	11.38	+10.13
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. KEAT - Sharpe Ratio Comparison

The current TFPN Sharpe Ratio is 3.37, which is higher than the KEAT Sharpe Ratio of 2.44. The chart below compares the historical Sharpe Ratios of TFPN and KEAT, 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	KEAT	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	3.37	2.44	+0.93
Sharpe Ratio (All Time) Calculated using the full available price history	0.83	1.52	-0.69

Drawdowns

TFPN vs. KEAT - Drawdown Comparison

The maximum TFPN drawdown since its inception was -16.72%, which is greater than KEAT's maximum drawdown of -7.45%. Use the drawdown chart below to compare losses from any high point for TFPN and KEAT.

Drawdown Indicators

	TFPN	KEAT	Difference
Max Drawdown Largest peak-to-trough decline	-16.72%	-7.45%	-9.27%
Max Drawdown (1Y) Largest decline over 1 year	-7.47%	-6.04%	-1.43%
Current Drawdown Current decline from peak	0.00%	-5.92%	+5.92%
Average Drawdown Average peak-to-trough decline	-4.89%	-1.57%	-3.32%
Ulcer Index Depth and duration of drawdowns from previous peaks	2.14%	2.20%	-0.06%

Volatility

TFPN vs. KEAT - Volatility Comparison

Blueprint Chesapeake Multi-Asset Trend ETF (TFPN) has a higher volatility of 4.55% compared to Keating Active ETF (KEAT) at 2.55%. This indicates that TFPN's price experiences larger fluctuations and is considered to be riskier than KEAT based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	TFPN	KEAT	Difference
Volatility (1M) Calculated over the trailing 1-month period	4.55%	2.55%	+2.00%
Volatility (6M) Calculated over the trailing 6-month period	11.50%	8.32%	+3.18%
Volatility (1Y) Calculated over the trailing 1-year period	13.70%	10.25%	+3.45%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	12.53%	10.27%	+2.26%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	12.53%	10.27%	+2.26%

TFPN vs. KEAT - Expense Ratio Comparison

TFPN has a 1.10% expense ratio, which is higher than KEAT's 0.85% expense ratio.

Dividends

TFPN vs. KEAT - Dividend Comparison

TFPN has not paid dividends to shareholders, while KEAT's dividend yield for the trailing twelve months is around 2.25%.

Position	TTM	2025	2024	2023
KEAT Keating Active ETF	2.25%	2.48%	1.72%	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 KEAT in my portfolio?

TFPN and KEAT have a correlation of 0.37, 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 KEAT?

TFPN has higher volatility (4.55%) compared to KEAT (2.55%). In terms of maximum drawdown, TFPN dropped -16.72% vs KEAT's -7.45%.

Which ETF is better, TFPN or KEAT?

On 1-year performance, TFPN leads with 45.99% vs 24.92% for KEAT. On fees, KEAT is cheaper at 0.85% per year. On volatility, KEAT has been the lower-risk option at 2.55%. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF has performed better, TFPN or KEAT?

Over the 1-year period, TFPN has performed better with a 45.99% return vs 24.92%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, TFPN or KEAT?

KEAT is cheaper with a 0.85% expense ratio, compared with 1.10% for TFPN.

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

KEAT has the higher dividend yield at 2.25%, compared with 0.00% for TFPN.

What is the main difference between TFPN and KEAT?

They also come from different issuers: Tidal ETFs and Keating. Their fees differ too: 1.10% for TFPN and 0.85% for KEAT.

Which has better risk-adjusted returns?

TFPN currently has the higher Sharpe Ratio (3.37 vs 2.44), 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.