TFPN vs. PPI

Last updated Jun 4, 2026

TFPN (Blueprint Chesapeake Multi-Asset Trend ETF) and PPI (AXS Astoria Inflation Sensitive ETF) are both Global Allocation funds. Both are actively managed. Their correlation of 0.80 suggests significant overlap in exposure. TFPN charges 1.10%/yr vs 0.76%/yr for PPI.

Performance

TFPN vs. PPI - Performance Comparison

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

Returns By Period

TFPN

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

PPI

• 1D: -0.13%
• 1M: —
• YTD: —
• 6M: —
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —

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

TFPN vs. PPI - Yearly Performance Comparison

	2026 (YTD)
TFPN Blueprint Chesapeake Multi-Asset Trend ETF	1.77%
PPI AXS Astoria Inflation Sensitive ETF	-0.59%

Correlation

The correlation between TFPN and PPI is 0.80, indicating a strong positive relationship between their price movements. Combining them offers limited diversification - they tend to fall together during downturns.

	Correlation
Correlation (All Time) Calculated using the full available price history since May 29, 2026	0.80

TFPN vs. PPI - Sectors Allocation Comparison

Sectors	TFPN	PPI
Industrials	29.8%	31.4%
Technology	17.9%	0.6%
Basic Materials	14.7%	10.6%
Energy	10.4%	23.1%
Healthcare	5.5%	-
Consumer Cyclical	4.8%	0.6%
Financial Services	4.8%	-
Consumer Defensive	4.3%	-
Utilities	3.3%	18.7%
Communication Services	2.9%	-
Real Estate	1.6%	15.1%

Return for Risk

TFPN vs. PPI — 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

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. PPI - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Blueprint Chesapeake Multi-Asset Trend ETF (TFPN) and AXS Astoria Inflation Sensitive ETF (PPI). 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	PPI	Difference
Sharpe ratio: Return per unit of total volatility	3.37	—	—
Sortino ratio: Return per unit of downside risk	4.44	—	—
Omega ratio: Gain probability vs. loss probability	1.60	—	—
Calmar ratio: Return relative to maximum drawdown	6.19	—	—
Martin ratio: Return relative to average drawdown	21.51	—	—
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

Sharpe Ratios by Period

	TFPN	PPI	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	3.37	—	—
Sharpe Ratio (All Time) Calculated using the full available price history	0.83	-2.74	+3.57

Drawdowns

TFPN vs. PPI - Drawdown Comparison

The maximum TFPN drawdown since its inception was -16.72%, which is greater than PPI's maximum drawdown of -1.46%. Use the drawdown chart below to compare losses from any high point for TFPN and PPI.

Drawdown Indicators

	TFPN	PPI	Difference
Max Drawdown Largest peak-to-trough decline	-16.72%	-1.46%	-15.26%
Max Drawdown (1Y) Largest decline over 1 year	-7.47%	—	—
Current Drawdown Current decline from peak	0.00%	-0.59%	+0.59%
Average Drawdown Average peak-to-trough decline	-4.89%	-0.79%	-4.10%
Ulcer Index Depth and duration of drawdowns from previous peaks	2.14%	—	—

Volatility

Volatility by Period

	TFPN	PPI	Difference
Volatility (1M) Calculated over the trailing 1-month period	4.55%	—	—
Volatility (6M) Calculated over the trailing 6-month period	11.50%	—	—
Volatility (1Y) Calculated over the trailing 1-year period	13.70%	13.05%	+0.65%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	12.53%	13.05%	-0.52%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	12.53%	13.05%	-0.52%

TFPN vs. PPI - Expense Ratio Comparison

TFPN has a 1.10% expense ratio, which is higher than PPI's 0.76% expense ratio.

Dividends

TFPN vs. PPI - Dividend Comparison

Neither TFPN nor PPI has paid dividends to shareholders.

Position	TTM	2025	2024	2023
PPI AXS Astoria Inflation Sensitive 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 PPI in my portfolio?

TFPN and PPI have a correlation of 0.80, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which ETF is better, TFPN or PPI?

On fees, PPI is cheaper at 0.76% per year. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF is cheaper, TFPN or PPI?

PPI is cheaper with a 0.76% expense ratio, compared with 1.10% for TFPN.

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

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

What is the main difference between TFPN and PPI?

They also come from different issuers: Tidal ETFs and AXS. Their fees differ too: 1.10% for TFPN and 0.76% for PPI.