TSNF vs. TSES

Last updated Jul 4, 2026

TSNF (Truth Social American Next Frontiers ETF) and TSES (Truth Social American Energy Security ETF) are both exchange-traded funds - TSNF is a Technology Equities fund tracking the Truth Social - Yorkville American Next Frontiers Index, while TSES is a Energy Equities fund tracking the Truth Social - Yorkville American Energy Security Index. Both are passively managed. At a 0.23 correlation, their price movements are largely independent. Both charge a 0.65% expense ratio.

Performance

TSNF vs. TSES - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Truth Social American Next Frontiers ETF (TSNF) and Truth Social American Energy Security ETF (TSES). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, TSNF achieves a 27.70% return, which is significantly higher than TSES's 20.75% return.

TSNF

• 1D: -3.35%
• 1M: -6.52%
• 6M: 24.18%
• YTD: 27.70%
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —

TSES

• 1D: 0.00%
• 1M: -3.52%
• 6M: 18.38%
• YTD: 20.75%
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —

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

TSNF vs. TSES - Yearly Performance Comparison

	2026 (YTD)	2025
TSNF Truth Social American Next Frontiers ETF	27.70%	-1.68%
TSES Truth Social American Energy Security ETF	20.75%	-0.71%

Correlation

The correlation between TSNF and TSES is 0.23, which is low. Their price movements are largely independent, making them effective diversification partners.

	Correlation
Correlation (All Time) Calculated using the full available price history since Dec 30, 2025	0.23

Return for Risk

TSNF vs. TSES - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Truth Social American Next Frontiers ETF (TSNF) and Truth Social American Energy Security ETF (TSES). 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.

Risk / return metrics aren't available yet — we need at least 12 months of trading data to calculate them.

Drawdowns

TSNF vs. TSES - Drawdown Comparison

The maximum TSNF drawdown since its inception was -18.59%, which is greater than TSES's maximum drawdown of -6.25%. Use the drawdown chart below to compare losses from any high point for TSNF and TSES.

Drawdown Indicators

	TSNF	TSES	Difference
Max Drawdown Largest peak-to-trough decline	-18.59%	-6.25%	-12.34%
Current Drawdown Current decline from peak	-8.18%	-6.25%	-1.93%
Average Drawdown Average peak-to-trough decline	-5.62%	-1.73%	-3.89%

Volatility

Volatility by Period

	TSNF	TSES	Difference
Volatility (1Y) Calculated over the trailing 1-year period	34.34%	15.79%	+18.55%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	34.34%	15.79%	+18.55%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	34.34%	15.79%	+18.55%

TSNF vs. TSES - Expense Ratio Comparison

Both TSNF and TSES have an expense ratio of 0.65%.

Dividends

TSNF vs. TSES - Dividend Comparison

TSNF has not paid dividends to shareholders, while TSES's dividend yield for the trailing twelve months is around 0.87%.

Position	TTM
TSES Truth Social American Energy Security ETF	0.87%
TSNF Truth Social American Next Frontiers ETF	0.00%

Frequently Asked Questions

Can I hold both TSNF and TSES in my portfolio?

TSNF and TSES have a correlation of 0.23, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which ETF is better, TSNF or TSES?

Both ETFs have the same 0.65% expense ratio. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF is cheaper, TSNF or TSES?

TSNF and TSES have the same expense ratio: 0.65% per year.

Which ETF pays a higher dividend yield, TSNF or TSES?

TSES has the higher dividend yield at 0.87%, compared with 0.00% for TSNF.

What is the main difference between TSNF and TSES?

TSNF is categorized as Technology Equities, while TSES is Energy Equities. TSNF tracks Truth Social - Yorkville American Next Frontiers Index, while TSES tracks Truth Social - Yorkville American Energy Security Index.