# TFPN (Blueprint Chesapeake Multi-Asset Trend ETF)

Blueprint · Alternatives ETFs · data as of Sep 18, 2026

In the S&P 500’s down weeks over the year to Sep 18, 2026, TFPN fell 26% as much as the index.

## Key facts

- TFPN, correlation with the S&P 500: +0.46, as of Sep 18, 2026.
- TFPN, beta to the S&P 500: +0.49, as of Sep 18, 2026.
- TFPN, down-week capture: 25.7%, as of Sep 18, 2026.
- TFPN, against T-bills, 52 weeks: +18.9 pts, as of Sep 18, 2026.
- TFPN, net assets: $170m (SEC N-PORT, whole fund, as filed for Jun 30, 2026).
- TFPN, expense ratio: 1.96% (485BPOS XBRL, Oct 22, 2025).

## TFPN over each window to Sep 18, 2026

| Window | The fund | S&P 500 | Difference, percentage points |
| --- | --- | --- | --- |
| 3 months | −6.7% | +2.3% | −9.0 pts |
| 6 months | +10.2% | +18.0% | −7.8 pts |
| 1 year | +24.3% | +16.6% | +7.8 pts |
| 3 years | +23.5% | +78.4% | −54.9 pts |
| Since it listed | +23.2% | +77.7% | −54.5 pts |

## Every published field

| Field | Value | Source |
| --- | --- | --- |
| Issuer | Blueprint | ETFIQ |
| Strategy | Managed futures | ETFIQ, from its prospectus |
| Expense ratio | 1.96% | 485BPOS XBRL, Oct 22, 2025 |
| Net assets | $170m | SEC N-PORT, whole fund, as filed for Jun 30, 2026 |
| Weeks measured | 52, from Sep 19, 2025 to Sep 18, 2026 | ETFIQ |
| Weeks the S&P 500 fell | 22 | ETFIQ |
| The S&P 500 in those weeks, on average | −1.24% | ETFIQ |
| TFPN in those weeks, on average | −0.32% | ETFIQ |
| TFPN total return over those weeks | +22.5% | ETFIQ |
| T-bills | +3.6% | ETFIQ |
| Listed since | Jul 12, 2023 | ETFIQ |
| Days traded | 90 | ETFIQ |
| Quoted | on an exchange, every trading day | ETFIQ |

## Questions

### Does TFPN move with the S&P 500?

Over the year to Sep 18, 2026, TFPN’s weekly returns had a correlation of +0.46 with the S&P 500’s, on a scale where 1 moves in step, 0 shows no pattern and −1 moves opposite. Its beta was +0.49, so for each 1% the index moved it moved about 0.49% the same way.

### What did TFPN do when stocks fell?

The S&P 500 fell in 22 of the 52 weeks to Sep 18, 2026, by 1.24% on average. In those weeks TFPN fell 0.32% on average, a down-week capture of 25.7%.

### Did TFPN earn more than cash?

Over the same 52 weeks TFPN returned +22.5% with distributions reinvested, and BIL, a fund of Treasury bills, returned +3.6%. TFPN finished 18.9 percentage points ahead of it.

### What does TFPN cost?

The prospectus expense ratio is 1.96% a year.

### Why is TFPN listed as managed futures?

ETFIQ files each fund by what its own prospectus says it does, and TFPN’s, filed Oct 22, 2025, describes a managed futures fund.


## Cite this page

ETFIQ, TFPN, data as of Sep 18, 2026. https://etfiq.com/funds/tfpn
Free to use with attribution; the underlying files are at https://etfiq.com/data/.

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