TFPN vs. QQQ
TFPN (Blueprint Chesapeake Multi-Asset Trend ETF) and QQQ (Invesco QQQ ETF) are both exchange-traded funds - TFPN is a Global Allocation fund actively managed by Tidal, while QQQ is a Nasdaq-100 fund tracking the NASDAQ-100 Index. TFPN is actively managed, while QQQ is passively managed. Over the past 3 years, TFPN returned 6.27%/yr vs 22.29%/yr for QQQ. Their 0.44 correlation means their historical movements had little consistent relationship. TFPN charges 1.10%/yr vs 0.18%/yr for QQQ.
Performance
TFPN vs. QQQ - 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 QQQ's 12.26% 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%
QQQ
- 1D
- 0.65%
- 1M
- -3.45%
- 6M
- 10.89%
- YTD
- 12.26%
- 1Y
- 24.81%
- 3Y*
- 22.29%
- 5Y*
- 14.23%
- 10Y*
- 20.44%
- ALL TIME*
- 10.64%
Liquidity Comparison
| Position | Avg. Volume Value (2W) | Avg. Volume Value (1M) | Avg. Volume Value (3M) |
|---|---|---|---|
| $30.32B | $28.40B | $31.45B | |
| $429.91K | $568.98K | $358.90K |
TFPN vs. QQQ - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | |
|---|---|---|---|---|
TFPN Blueprint Chesapeake Multi-Asset Trend ETF | 16.44% | 3.61% | 2.67% | -1.83% |
QQQ Invesco QQQ ETF | 12.26% | 20.77% | 25.58% | 11.67% |
Correlation
The correlation between TFPN and QQQ is 0.57, which is moderate. They have sometimes moved together and sometimes differently, sharing some price drivers without tracking each other closely.
| Correlation | |
|---|---|
Correlation (1Y) Focuses on recent behavior, but can change the most. | 0.57 |
Correlation (3Y) Balances recent behavior with more history. | 0.44 |
Correlation (All Time) Calculated using the full available price history since Jul 12, 2023 | 0.44 |
The correlation between TFPN and QQQ shifts across timeframes, from 0.44 (all time) to 0.57 (1 year), reflecting how their relationship changes across market environments.
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Return for Risk
TFPN vs. QQQ — Risk / Return Rank
TFPN
QQQ
TFPN vs. QQQ - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Blueprint Chesapeake Multi-Asset Trend ETF (TFPN) and Invesco QQQ ETF (QQQ). 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 | QQQ | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.61 | ||
| Sortino ratioReturn per unit of downside risk | +0.72 | ||
| Omega ratioGain probability vs. loss probability | 1.31 | 1.21 | +0.11 |
| Calmar ratioReturn relative to maximum drawdown | 2.63 | 1.88 | +0.75 |
| Martin ratioReturn relative to average drawdown | 8.82 | 6.00 | +2.82 |
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Drawdowns
TFPN vs. QQQ - Drawdown Comparison
The maximum TFPN drawdown since its inception was -16.72%, smaller than the maximum QQQ drawdown of -82.97%. Use the drawdown chart below to compare losses from any high point for TFPN and QQQ.
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Drawdown Indicators
| TFPN | QQQ | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -16.72% | -82.97% | +66.25% |
Max Drawdown (1Y)Largest decline over 1 year | -10.94% | -11.96% | +1.02% |
Max Drawdown (3Y)Largest decline over 3 years | -16.72% | -22.77% | +6.05% |
Max Drawdown (5Y)Largest decline over 5 years | — | -35.12% | — |
Max Drawdown (10Y)Largest decline over 10 years | — | -35.12% | — |
Current DrawdownCurrent decline from peak | -8.40% | -7.69% | -0.71% |
Average DrawdownAverage peak-to-trough decline | -4.91% | -32.62% | +27.71% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 3.25% | 3.74% | -0.49% |
Volatility
TFPN vs. QQQ - Volatility Comparison
Blueprint Chesapeake Multi-Asset Trend ETF (TFPN) and Invesco QQQ ETF (QQQ) have volatilities of 7.02% and 6.87%, 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 | QQQ | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 7.02% | 6.87% | +0.15% |
Volatility (6M)Calculated over the trailing 6-month period | 13.85% | 16.08% | -2.23% |
Volatility (1Y)Calculated over the trailing 1-year period | 16.24% | 19.38% | -3.14% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 13.35% | 22.90% | -9.55% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 13.35% | 22.50% | -9.15% |
TFPN vs. QQQ - Expense Ratio Comparison
TFPN has a 1.10% expense ratio, which is higher than QQQ's 0.18% expense ratio.
Dividends
TFPN vs. QQQ - Dividend Comparison
TFPN has not paid dividends to shareholders, while QQQ's dividend yield for the trailing twelve months is around 0.44%.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
QQQ Invesco QQQ ETF | 0.44% | 0.45% | 0.56% | 0.62% | 0.80% | 0.43% | 0.55% | 0.74% | 0.91% | 0.84% | 1.06% | 0.99% |
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 QQQ have a correlation of 0.57, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
TFPN has higher volatility (7.02%) compared to QQQ (6.87%). In terms of maximum drawdown, TFPN dropped -16.72% vs QQQ's -82.97%.
On 3-year performance, QQQ leads with 22.29% vs 6.27% for TFPN. On fees, QQQ is cheaper at 0.18% per year. On volatility, QQQ has been the lower-risk option at 6.87%. The better choice depends on whether you care most about return, fees, risk, or income.
Over the 3-year period, QQQ has performed better with a 22.29% return vs 6.27%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.
QQQ is cheaper with a 0.18% expense ratio, compared with 1.10% for TFPN.
QQQ has the higher dividend yield at 0.44%, compared with 0.00% for TFPN.
TFPN is categorized as Global Allocation, while QQQ is Nasdaq-100. They also come from different issuers: Tidal and Invesco. Their fees differ too: 1.10% for TFPN and 0.18% for QQQ.
TFPN currently has the higher Sharpe Ratio (1.77 vs 1.16), 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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