TFPN vs. TFPM

Last updated Aug 2, 2026

TFPN (Blueprint Chesapeake Multi-Asset Trend ETF) is Global Allocation fund actively managed by Tidal, while TFPM (Triple Flag Precious Metals Corp) is a stock. Over the past 3 years, TFPN returned 6.27%/yr vs 31.23%/yr for TFPM. Their 0.20 correlation means their historical movements had little consistent relationship.

Performance

TFPN vs. TFPM - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Blueprint Chesapeake Multi-Asset Trend ETF (TFPN) and Triple Flag Precious Metals Corp (TFPM). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, TFPN achieves a 16.44% return, which is significantly higher than TFPM's -13.12% 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%

TFPM

• 1D: -2.94%
• 1M: -8.64%
• 6M: -14.41%
• YTD: -13.12%
• 1Y: 25.75%
• 3Y*: 31.23%
• 5Y*: —
• 10Y*: —
• ALL TIME*: 28.16%

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

Liquidity Comparison

Position	Avg. Volume Value (2W)	Avg. Volume Value (1M)	Avg. Volume Value (3M)
TFPM Triple Flag Precious Metals Corp	$11.84M	$15.21M	$19.66M
TFPN Blueprint Chesapeake Multi-Asset Trend ETF	$429.91K	$568.98K	$358.90K

TFPN vs. TFPM - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023
TFPN Blueprint Chesapeake Multi-Asset Trend ETF	16.44%	3.61%	2.67%	-1.83%
TFPM Triple Flag Precious Metals Corp	-13.12%	123.03%	14.60%	0.55%

Correlation

The correlation between TFPN and TFPM is 0.33, which is low. Their historical price movements had little consistent relationship.

	Correlation
Correlation (1Y) Focuses on recent behavior, but can change the most.	0.33
Correlation (3Y) Balances recent behavior with more history.	0.19
Correlation (All Time) Calculated using the full available price history since Jul 12, 2023	0.20

The correlation between TFPN and TFPM shifts across timeframes, from 0.19 (3 years) to 0.33 (1 year), reflecting how their relationship changes across market environments.

Return for Risk

TFPN vs. TFPM — Risk / Return Rank

Compare historical risk-adjusted metric ranks over the past 12 months.

TFPN

TFPN Risk / Return Rank: 75
TFPN Sharpe Ratio Rank: 78
TFPN Sortino Ratio Rank: 74
TFPN Omega Ratio Rank: 75
TFPN Calmar Ratio Rank: 75
TFPN Martin Ratio Rank: 71

TFPM

TFPM Risk / Return Rank: 62
TFPM Sharpe Ratio Rank: 65
TFPM Sortino Ratio Rank: 60
TFPM Omega Ratio Rank: 60
TFPM Calmar Ratio Rank: 63
TFPM Martin Ratio Rank: 63

The rank (0–100) uses a weighted average of the Sharpe, Sortino, Omega, Calmar, and Martin percentile ranks for the trailing 12 months. Higher means stronger historical risk-adjusted performance within the peer group.

TFPN vs. TFPM - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Blueprint Chesapeake Multi-Asset Trend ETF (TFPN) and Triple Flag Precious Metals Corp (TFPM). 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	TFPM	Difference
Sharpe ratio: Return per unit of total volatility	1.77	0.60	+1.17
Sortino ratio: Return per unit of downside risk	2.37	1.04	+1.33
Omega ratio: Gain probability vs. loss probability	1.31	1.13	+0.18
Calmar ratio: Return relative to maximum drawdown	2.63	0.78	+1.85
Martin ratio: Return relative to average drawdown	8.82	1.68	+7.14

TFPN vs. TFPM - Sharpe Ratio Comparison

The current TFPN Sharpe Ratio is 1.77, which is higher than the TFPM Sharpe Ratio of 0.60. The chart below compares the historical Sharpe Ratios of TFPN and TFPM, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Drawdowns

TFPN vs. TFPM - Drawdown Comparison

The maximum TFPN drawdown since its inception was -16.72%, smaller than the maximum TFPM drawdown of -36.48%. Use the drawdown chart below to compare losses from any high point for TFPN and TFPM.

Drawdown Indicators

	TFPN	TFPM	Difference
Max Drawdown Largest peak-to-trough decline	-16.72%	-36.48%	+19.76%
Max Drawdown (1Y) Largest decline over 1 year	-10.94%	-34.87%	+23.93%
Max Drawdown (3Y) Largest decline over 3 years	-16.72%	-34.87%	+18.15%
Current Drawdown Current decline from peak	-8.40%	-30.22%	+21.82%
Average Drawdown Average peak-to-trough decline	-4.91%	-13.87%	+8.96%
Ulcer Index Depth and duration of drawdowns from previous peaks	3.25%	16.10%	-12.85%

Volatility

TFPN vs. TFPM - Volatility Comparison

The current volatility for Blueprint Chesapeake Multi-Asset Trend ETF (TFPN) is 7.02%, while Triple Flag Precious Metals Corp (TFPM) has a volatility of 12.21%. This indicates that TFPN experiences smaller price fluctuations and is considered to be less risky than TFPM based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	TFPN	TFPM	Difference
Volatility (1M) Calculated over the trailing 1-month period	7.02%	12.21%	-5.19%
Volatility (6M) Calculated over the trailing 6-month period	13.85%	34.93%	-21.08%
Volatility (1Y) Calculated over the trailing 1-year period	16.24%	44.88%	-28.64%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	13.35%	37.61%	-24.26%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	13.35%	37.61%	-24.26%

Dividends

TFPN vs. TFPM - Dividend Comparison

TFPN has not paid dividends to shareholders, while TFPM's dividend yield for the trailing twelve months is around 0.80%.

Position	TTM	2025	2024	2023	2022	2021
TFPM Triple Flag Precious Metals Corp	0.80%	0.68%	1.43%	1.54%	1.07%	0.39%
TFPN Blueprint Chesapeake Multi-Asset Trend ETF	0.00%	0.00%	0.94%	0.98%	0.00%	0.00%

Frequently Asked Questions

Can I hold both TFPN and TFPM in my portfolio?

TFPN and TFPM have a correlation of 0.33, 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 TFPM?

TFPM has higher volatility (12.21%) compared to TFPN (7.02%). In terms of maximum drawdown, TFPN dropped -16.72% vs TFPM's -36.48%.

Which has better risk-adjusted returns?

TFPN currently has the higher Sharpe Ratio (1.77 vs 0.60), 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.