TFPN vs. QQQ
Compare and contrast key facts about Blueprint Chesapeake Multi-Asset Trend ETF (TFPN) and Invesco QQQ (QQQ).
TFPN and QQQ are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. TFPN is an actively managed fund by Tidal ETFs. It was launched on Jul 11, 2023. QQQ is a passively managed fund by Invesco that tracks the performance of the NASDAQ-100 Index. It was launched on Mar 10, 1999.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: TFPN or QQQ.
Key characteristics
| TFPN | QQQ | |
|---|---|---|
| YTD Return | 3.00% | 26.09% |
| 1Y Return | 1.80% | 39.88% |
| Sharpe Ratio | 0.15 | 2.22 |
| Sortino Ratio | 0.28 | 2.92 |
| Omega Ratio | 1.04 | 1.40 |
| Calmar Ratio | 0.18 | 2.86 |
| Martin Ratio | 0.41 | 10.44 |
| Ulcer Index | 4.46% | 3.72% |
| Daily Std Dev | 12.32% | 17.47% |
| Max Drawdown | -10.46% | -82.98% |
| Current Drawdown | -4.20% | 0.00% |
Correlation
The correlation between TFPN and QQQ is 0.28, which is considered to be low. This implies their price changes are not closely related. A low correlation is generally favorable for portfolio diversification, as it helps to reduce overall risk by spreading it across multiple assets with different performance patterns.
Performance
TFPN vs. QQQ - Performance Comparison
In the year-to-date period, TFPN achieves a 3.00% return, which is significantly lower than QQQ's 26.09% return. The chart below displays the growth of a $10,000 investment in both assets, with all prices adjusted for splits and dividends.
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TFPN vs. QQQ - Expense Ratio Comparison
TFPN has a 1.10% expense ratio, which is higher than QQQ's 0.20% expense ratio.
Risk-Adjusted Performance
TFPN vs. QQQ - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for Blueprint Chesapeake Multi-Asset Trend ETF (TFPN) and Invesco QQQ (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.
Dividends
TFPN vs. QQQ - Dividend Comparison
TFPN's dividend yield for the trailing twelve months is around 0.96%, more than QQQ's 0.59% yield.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
TFPN Blueprint Chesapeake Multi-Asset Trend ETF | 0.96% | 0.98% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
QQQ Invesco QQQ | 0.59% | 0.62% | 0.80% | 0.43% | 0.55% | 0.74% | 0.91% | 0.84% | 1.06% | 0.99% | 1.41% | 1.02% |
Drawdowns
TFPN vs. QQQ - Drawdown Comparison
The maximum TFPN drawdown since its inception was -10.46%, smaller than the maximum QQQ drawdown of -82.98%. Use the drawdown chart below to compare losses from any high point for TFPN and QQQ. For additional features, visit the drawdowns tool.
Volatility
TFPN vs. QQQ - Volatility Comparison
The current volatility for Blueprint Chesapeake Multi-Asset Trend ETF (TFPN) is 4.32%, while Invesco QQQ (QQQ) has a volatility of 5.17%. This indicates that TFPN experiences smaller price fluctuations and is considered to be less risky than QQQ based on this measure. The chart below showcases a comparison of their rolling one-month volatility.