TFPN vs. SETM

Last updated Jun 4, 2026

TFPN (Blueprint Chesapeake Multi-Asset Trend ETF) and SETM (Sprott Energy Transition Materials ETF) are both exchange-traded funds - TFPN is a Global Allocation fund actively managed by Tidal ETFs, while SETM is a Energy Equities fund tracking the Nasdaq Sprott Energy Transition Materials Select Index - AUD - Benchmark TR Gross. TFPN is actively managed, while SETM is passively managed. Over the past year, TFPN returned 45.99% vs 144.21% for SETM. At a 0.38 correlation, their price movements are largely independent. TFPN charges 1.10%/yr vs 0.65%/yr for SETM.

Performance

TFPN vs. SETM - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Blueprint Chesapeake Multi-Asset Trend ETF (TFPN) and Sprott Energy Transition Materials ETF (SETM). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

The year-to-date returns for both investments are quite close, with TFPN having a 27.01% return and SETM slightly higher at 27.22%.

TFPN

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

SETM

• 1D: -4.09%
• 1M: 2.39%
• YTD: 27.22%
• 6M: 33.66%
• 1Y: 144.21%
• 3Y*: 30.90%
• 5Y*: —
• 10Y*: —

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

TFPN vs. SETM - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023
TFPN Blueprint Chesapeake Multi-Asset Trend ETF	27.01%	3.61%	2.67%	-1.60%
SETM Sprott Energy Transition Materials ETF	27.22%	95.27%	-13.24%	-2.53%

Correlation

The correlation between TFPN and SETM is 0.53, which is moderate. They share some common price drivers but move independently often enough to provide real diversification benefit when combined.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.53
Correlation (All Time) Calculated using the full available price history since Jul 13, 2023	0.38

The correlation between TFPN and SETM shifts across timeframes, from 0.38 (all time) to 0.53 (1 year), reflecting how their relationship changes across market environments.

TFPN vs. SETM - Sectors Allocation Comparison

Sectors	TFPN	SETM
Industrials	29.8%	0.9%
Technology	17.9%	0.1%
Basic Materials	14.7%	73.2%
Energy	10.4%	25.8%
Healthcare	5.5%	-
Consumer Cyclical	4.8%	-
Financial Services	4.8%	-
Consumer Defensive	4.3%	0.1%
Utilities	3.3%	-
Communication Services	2.9%	-
Real Estate	1.6%	-

Return for Risk

TFPN vs. SETM — 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

SETM

SETM Risk / Return Rank: 82
SETM Sharpe Ratio Rank: 91
SETM Sortino Ratio Rank: 71
SETM Omega Ratio Rank: 72
SETM Calmar Ratio Rank: 90
SETM Martin Ratio Rank: 84

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. SETM - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Blueprint Chesapeake Multi-Asset Trend ETF (TFPN) and Sprott Energy Transition Materials ETF (SETM). 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	SETM	Difference
Sharpe ratio: Return per unit of total volatility	3.37	3.25	+0.13
Sortino ratio: Return per unit of downside risk	4.44	3.29	+1.15
Omega ratio: Gain probability vs. loss probability	1.60	1.44	+0.16
Calmar ratio: Return relative to maximum drawdown	6.19	5.61	+0.58
Martin ratio: Return relative to average drawdown	21.51	17.42	+4.09
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. SETM - Sharpe Ratio Comparison

The current TFPN Sharpe Ratio is 3.37, which is comparable to the SETM Sharpe Ratio of 3.25. The chart below compares the historical Sharpe Ratios of TFPN and SETM, 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	SETM	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	3.37	3.25	+0.13
Sharpe Ratio (All Time) Calculated using the full available price history	0.83	0.59	+0.24

Drawdowns

TFPN vs. SETM - Drawdown Comparison

The maximum TFPN drawdown since its inception was -16.72%, smaller than the maximum SETM drawdown of -42.81%. Use the drawdown chart below to compare losses from any high point for TFPN and SETM.

Drawdown Indicators

	TFPN	SETM	Difference
Max Drawdown Largest peak-to-trough decline	-16.72%	-42.81%	+26.09%
Max Drawdown (1Y) Largest decline over 1 year	-7.47%	-25.85%	+18.38%
Max Drawdown (3Y) Largest decline over 3 years	—	-42.81%	—
Current Drawdown Current decline from peak	0.00%	-7.30%	+7.30%
Average Drawdown Average peak-to-trough decline	-4.89%	-14.26%	+9.37%
Ulcer Index Depth and duration of drawdowns from previous peaks	2.14%	8.31%	-6.17%

Volatility

TFPN vs. SETM - Volatility Comparison

The current volatility for Blueprint Chesapeake Multi-Asset Trend ETF (TFPN) is 4.55%, while Sprott Energy Transition Materials ETF (SETM) has a volatility of 13.58%. This indicates that TFPN experiences smaller price fluctuations and is considered to be less risky than SETM based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	TFPN	SETM	Difference
Volatility (1M) Calculated over the trailing 1-month period	4.55%	13.58%	-9.03%
Volatility (6M) Calculated over the trailing 6-month period	11.50%	34.49%	-22.99%
Volatility (1Y) Calculated over the trailing 1-year period	13.70%	44.71%	-31.01%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	12.53%	36.57%	-24.04%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	12.53%	36.57%	-24.04%

TFPN vs. SETM - Expense Ratio Comparison

TFPN has a 1.10% expense ratio, which is higher than SETM's 0.65% expense ratio.

Dividends

TFPN vs. SETM - Dividend Comparison

TFPN has not paid dividends to shareholders, while SETM's dividend yield for the trailing twelve months is around 1.23%.

Position	TTM	2025	2024	2023
SETM Sprott Energy Transition Materials ETF	1.23%	1.56%	2.07%	2.47%
TFPN Blueprint Chesapeake Multi-Asset Trend ETF	0.00%	0.00%	0.94%	0.98%

Frequently Asked Questions

Can I hold both TFPN and SETM in my portfolio?

TFPN and SETM have a correlation of 0.53, 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 SETM?

SETM has higher volatility (13.58%) compared to TFPN (4.55%). In terms of maximum drawdown, TFPN dropped -16.72% vs SETM's -42.81%.

Which ETF is better, TFPN or SETM?

On 1-year performance, SETM leads with 144.21% vs 45.99% for TFPN. On fees, SETM is cheaper at 0.65% per year. On volatility, TFPN has been the lower-risk option at 4.55%. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF has performed better, TFPN or SETM?

Over the 1-year period, SETM has performed better with a 144.21% return vs 45.99%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, TFPN or SETM?

SETM is cheaper with a 0.65% expense ratio, compared with 1.10% for TFPN.

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

SETM has the higher dividend yield at 1.23%, compared with 0.00% for TFPN.

What is the main difference between TFPN and SETM?

TFPN is categorized as Global Allocation, while SETM is Energy Equities. They also come from different issuers: Tidal ETFs and Sprott. Their fees differ too: 1.10% for TFPN and 0.65% for SETM.

Which has better risk-adjusted returns?

TFPN currently has the higher Sharpe Ratio (3.37 vs 3.25), 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.