Data as of Nov 4, 2026.
SPY vs TFPN: Differences, Returns & Fees
Over the year to Nov 4, 2026, SPY returned +14.8% to TFPN's +14.2%, and SPY charges 0.09% to TFPN's 1.13%.
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Net assets: $804.8bn on Nov 3, 2026 for SPDR S&P 500 ETF Trust, and $170m on Jun 30, 2026 for Blueprint Chesapeake Multi-Asset Trend ETF.
Pair scorecard
SPY costs 1.04 points a year less; their one-year returns differ by 0.6 points.
| Measure | SPY | TFPN |
|---|---|---|
| Return | ||
| Total return, 1 year | +14.8% | +14.2% |
| Total return, 52 weeks | +14.4% | |
| Against its benchmark | ||
| What it tracks | S&P 500 Index | not published |
| Treasury bills, 52 weeks | +3.7% | |
| Against cash | 10.8 points ahead | |
| Cost and size | ||
| Expense ratio | 0.09% | 1.13% |
| Net assets, SPY as of Nov 3, 2026 and TFPN as of Jun 30, 2026 | $804.8bn | $170m |
| Holdings | ||
| Holdings in common | not published | |
| In the S&P 500, by weight | 100% | |
| Top ten holdings, share of the fund | 37.3% | |
| Risk | ||
| Correlation with the S&P 500’s weekly returns | +0.75 | |
| Beta to the S&P 500 | +1.00: about 1.00% for each 1% | |
| Its average week when the S&P 500 fell | fell 1.32% | |
| Down-week capture | 123.6% | |
| Weeks the S&P 500 fell | 26 of 52, by 1.07% on average | |
Side by side
SPY and TFPN on the fields both publish, as of Nov 4, 2026. Source: ETFIQ.
SPY
SPY tracks the S&P 500. Over the year to Nov 4, 2026 it returned +14.8% with distributions reinvested, against +14.8% for its benchmark, the S&P 500 Index. The prospectus expense ratio is 0.09% a year. By its holdings published by its issuer for Nov 3, 2026, 100% of the fund by weight is stocks the S&P 500 also holds, across 504 positions, with the top ten at 37.3%.
TFPN
TFPN is a managed futures fund. ETFIQ measures what every alternatives fund is sold on: whether it moves differently from the stock market. Over the year to Nov 4, 2026, its weekly returns had a correlation of +0.75 with the S&P 500’s and a beta of +1.00, so for each 1% the index moved it moved about 1.00% the same way. The S&P 500 fell in 26 of those 52 weeks, by 1.07% on average. In the same weeks TFPN fell 1.32% on average, a down-week capture of 123.6%. Over the same 52 weeks TFPN returned +14.4% and a Treasury bill fund +3.7%, so it finished 10.8 percentage points ahead of cash.
Questions people ask
- Are SPY and TFPN in the same category?
- SPY is a stock ETF and TFPN is an alternatives ETF, so they do different jobs. The table compares what both publish: return, cost and holdings.
- Which returned more over the last year, SPY or TFPN?
- In the year to Nov 4, 2026, with distributions reinvested, SPY returned +14.8% and TFPN +14.2%.
- Which is cheaper, SPY or TFPN?
- SPY is cheaper, by 1.04 percentage points a year. That is about $104 on $10,000 held for a year. Fees come from each fund's prospectus.
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ETFIQ, SPY against TFPN, data as of Nov 4, 2026. https://etfiq.com/compare/any/spy-vs-tfpn
ETFIQ. (Nov 4, 2026). SPY against TFPN. Retrieved from https://etfiq.com/compare/any/spy-vs-tfpn
[SPY against TFPN (ETFIQ, Nov 4, 2026)](https://etfiq.com/compare/any/spy-vs-tfpn)
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