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IMF vs TFPN

Invesco Managed Futures Strategy ETF

IMFACboe

Blueprint Chesapeake Multi-Asset Trend ETF

TFPNFNYSE Arca

Overlap

Expense ratio

IMF −0.48pt a year

IMF0.65%TFPN1.13%

Avg volume · 30D

TFPN 1.2×the volume

IMF8.68KTFPN10.8K

IMF vs TFPN Performance

Oct 31, 2025 – Oct 30, 2026

+20.8%IMF+15.5%TFPN

Oct 31, 2025 to Oct 30, 2026. IMF +20.8%. TFPN +15.5%. Use the arrow keys to read each point.−5%0%5%10%25%Oct 2025Apr 2026Oct 2026
Expense ratio
IMF 0.65%, better
TFPN 1.13%
Fund size
IMF $306M
TFPN $158M
1Y total return
IMF +20.8%, better
TFPN +15.5%
Yield (12M)
IMF No data
TFPN 0.00%
Holdings
IMF 17
TFPN 61
Avg volume (30D)
IMF 8.68K sh
TFPN 10.8K sh, better
NAV per share
IMF $52.84
TFPN $29.61
52W range

ETF.net Grade

IMF: Cost 90, Risk 82, Mission not scored, Tradability 65, Holdings not scored, Durability 68. TFPN: Cost 0, Risk 35, Mission not scored, Tradability 46, Holdings not scored, Durability 57.
Pillar letters and Scores for IMF, TFPN, with each pillar’s weight
PillarIMFTFPN
Cost30% weightA90HigherF0
Mission25% weightNot scoredNot scored
Risk15% weightA82HigherD35
Tradability15% weightB65HigherC46
Holdings10% weightNot scoredNot scored
Durability5% weightB68HigherB57

Rank among Managed Futures funds

How we build Categories ›
Same Category. Both funds are graded against the same funds, so their Grades compare head to head.

Same Category. IMF and TFPN are both graded against the same 14 Managed Futures funds, so their Grades compare head to head.

Managed Futures⁠

Category · 14 funds
See all 14 ›

IMF ranks 1st and TFPN 13th of 14 funds in the Managed Futures Category.

  1. Rank 1AIMFInvesco Managed Futures Strategy ETFScore 80
  2. Rank 2AWTMFWisdomTree Managed Futures Strategy FundScore 75
  3. Rank 12DMATEMan Active Trend Enhanced ETFScore 27
  4. Rank 13FTFPNBlueprint Chesapeake Multi-Asset Trend ETFScore 23
  5. Rank 14FTFFIChesapeake Trend-Following Fixed Income ETFScore 18

Our read on each fund

ETF.net Research

IMFAInvesco Managed Futures Strategy ETF

TFPNFBlueprint Chesapeake Multi-Asset Trend ETF

In short

IMF No data

TFPN The ticker is the thesis: Trend Following Plus Nothing. Original Turtle trader Jerry Parker rides price trends long or short across currencies, commodities, bonds and individual stocks, with no stock-index core bolted underneath it.

Stated mandate

IMF No data

TFPN The Fund seeks to preserve capital while pursuing long-term capital appreciation.

Why people hold it

IMF No data

  • TFPN Subadvised by Chesapeake Capital, founded in 1988 by Jerry Parker, one of Richard Dennis's original Turtles. These trend rules have a long history behind them, not a 2023 launch idea.blueprintip.comlinkedin.comwikipedia.org
  • The equity sleeve trades individual stocks long and short, so single-name trends sit alongside the futures book instead of everything running through index futures.sec.govblueprintip.com
  • One strategy, no bolt-ons: the managers call it "trend following plus nothing," applied long, short or flat across currencies, commodities, fixed income and equities in global markets.blueprintip.com
  • Wrapped as a 1940 Act ETF that reports on a 1099, so there is no K-1 at tax time, with derivatives exposure routed through a wholly owned Cayman subsidiary.blueprintip.com

Worth knowing

IMF No data

  • TFPN Cost is the trade-off for the pedigree: 1.13%, above the category median (15 funds) and with no waiver trimming it. JPFP runs 0.59% and CTA 0.75%.
  • Trend following needs trends. Choppy, direction-free markets are where this kind of system gets whipsawed, and the book can be short something the crowd is busy buying.blueprintip.com
  • One of the less-traded names in the managed futures aisle, so spreads can run wider than at the category's giants. Limit orders matter more here.

Full IMF profile⁠

Full TFPN profile⁠

IMF vs TFPN Holdings

How we measure overlap

Each holding counts at its smaller weight in the two funds, summed over the full Holdings. Sector, country and asset class use the same rule on each fund’s split. Cash, FX and derivative lines stay out of the counts. Two bond funds get no overlap figure.

IMF vs TFPN Cost

Overpaying TFPN vs IMF

$8,047

On $10,000 over 30 years. 7% growth a year before fees, expense ratio only.

  • IMF 0.65%

    $12,717

  • TFPN 1.13%

    $20,764

$10,000
30 years

Cost over time

  • IMF 0.65%
  • TFPN 1.13%
  • Overpaying
One line per fund, from year 0 to year 30. Use the arrow keys to read each point.$0$5K$10K$15K$20K$25K051015202530TFPN $20,764IMF $12,717

Year by year

YearIMFTFPNOverpaying
10$1,163$1,981$818
20$4,440$7,403$2,963
30$12,717$20,764$8,047

Expense ratio

  • 0.65%IMF, cheaper
  • 1.13%TFPN
  • Middle half of Managed Futures funds
  • Median 0.85%

IMF 2nd cheapest of 14 funds

TFPN 14th cheapest of 14 funds

IMF vs TFPN Dividends

Last 12 months to Oct 30, 2026
Yield (12M)
IMF No data
TFPN 0.00%
Payout (12M)
IMF No data
TFPN None
Last payment
IMF $0.46
TFPN No data
Ex-dividend
IMF Dec 22, 2025
TFPN No data
Paid on
IMF Dec 26, 2025
TFPN No data
Frequency
IMF Irregular
TFPN No data

Distribution history

Per share, 2023 to 2026, same scale for both

IMFIrregular · 1 paymentAll IMF payments⁠
One bar per payment. 1 payment from 2023 to 2026 YTD. Dec 22, 2025 $0.46. Use the arrow keys to read each point.$0$0.5020232026YTD
TFPN2 paymentsAll TFPN payments⁠
One bar per payment. 2 payments from 2023 to 2026 YTD. Dec 5, 2023 $0.24; Dec 5, 2024 $0.23. Use the arrow keys to read each point.$0$0.5020232026YTD

IMF vs TFPN Risk

Fall from peak · 5 years

This chart needs five years of history for both funds.

Risk facts

VolatilityStd dev, 3 years
IMF 11.8%since Apr 2025TFPN 13.7%
Return per unit of riskSharpe ratio, 3 years
IMF 0.16since Apr 2025TFPN 0.16Same figure. Both funds show the same value, so neither comes out ahead.
Worst fallMax drawdown, 5 years
IMF −15.1%since Mar 2025TFPN −16.7%since Jul 2023
Market sensitivityBeta, 5 years
IMF 0.09TFPN 0.59

IMF and TFPN in the news

All news⁠

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