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TFPN vs WTMF

Blueprint Chesapeake Multi-Asset Trend ETF

TFPNFNYSE Arca

WisdomTree Managed Futures Strategy Fund

WTMFANYSE Arca

Overlap

Expense ratio

WTMF −0.47pt a year

TFPN1.13%WTMF0.66%

Avg volume · 30D

WTMF 3.3×the volume

TFPN10.8KWTMF35.5K

3Y return · a year

WTMF +5.2pt

TFPN+5.9%WTMF+11.1%

TFPN vs WTMF Performance

Oct 31, 2025 – Oct 30, 2026

+15.5%TFPN+13.5%WTMF

Oct 31, 2025 to Oct 30, 2026. TFPN +15.5%. WTMF +13.5%. Use the arrow keys to read each point.−5%0%5%20%25%Oct 2025Apr 2026Oct 2026
Expense ratio
TFPN 1.13%
WTMF 0.66%, better
Fund size
TFPN $158M
WTMF $264M
1Y total return
TFPN +15.5%, better
WTMF +13.5%
Yield (12M)
TFPN 0.00%
WTMF 7.87%, better
Holdings
TFPN 61
WTMF 27
Avg volume (30D)
TFPN 10.8K sh
WTMF 35.5K sh, better
NAV per share
TFPN $29.61
WTMF $39.66
52W range

ETF.net Grade

TFPN: Cost 0, Risk 35, Mission not scored, Tradability 46, Holdings not scored, Durability 57. WTMF: Cost 90, Risk 72, Mission not scored, Tradability 51, Holdings 36, Durability 80.
Pillar letters and Scores for TFPN, WTMF, with each pillar’s weight
PillarTFPNWTMF
Cost30% weightF0A90Higher
Mission25% weightNot scoredNot scored
Risk15% weightD35A72Higher
Tradability15% weightC46C51Higher
Holdings10% weightNot scoredD36
Durability5% weightB57A80Higher

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. TFPN and WTMF 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 ›

WTMF ranks 2nd 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 3BISMFIshares Managed Futures Active ETFScore 66
  4. Rank 12DMATEMan Active Trend Enhanced ETFScore 27
  5. Rank 13FTFPNBlueprint Chesapeake Multi-Asset Trend ETFScore 23
  6. Rank 14FTFFIChesapeake Trend-Following Fixed Income ETFScore 18

Our read on each fund

ETF.net Research

TFPNFBlueprint Chesapeake Multi-Asset Trend ETF

WTMFAWisdomTree Managed Futures Strategy Fund

In short

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.

WTMF A managed futures veteran. Trading since 2011, WTMF takes rules-based long and short positions across commodity, currency, equity and rate futures, aiming for returns with limited direct link to stocks or bonds.

Stated mandate

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

WTMF The Fund seeks positive total returns in rising or falling markets with limited direct correlation to broad equity or fixed-income returns. It uses a quantitative, rules-based approach with long and short futures positions across commodity, currency, equity, and interest-rate markets.

Why people hold it

  • 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
  • WTMF Live since January 5, 2011, making it one of the longest-tenured managed futures ETFs, and it follows a published rules-based strategy rather than a discretionary trader's judgment.wisdomtree.com
  • Charges 0.66% net of a waiver through December 31, 2026 (0.67% gross), below the median fee in the managed futures category.
  • A registered 1940 Act fund, so tax time brings a 1099 instead of the partnership K-1 that trails many futures products.
  • Spreads exposure across roughly 40 positions in commodity, currency, equity and rate futures, and sits among the stronger implementations in its peer group.

Worth knowing

  • 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.
  • WTMF Cheaper shelf-mates exist: JPFP at 0.59%, and IMF at 0.65% net of a waiver through August 31, 2027.
  • Thinly traded next to mainstream ETFs, so bid-ask spreads can run wider and order type matters more than with a big index fund.
  • The strategy can place up to 10% of net assets in bitcoin-holding exchange-traded products and bitcoin futures (never bitcoin directly), adding a volatile sleeve.wisdomtree.com

Full TFPN profile⁠

Full WTMF profile⁠

TFPN vs WTMF 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.

TFPN vs WTMF Cost

Overpaying TFPN vs WTMF

$7,868

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

  • TFPN 1.13%

    $20,764

  • WTMF 0.66%

    $12,896

$10,000
30 years

Cost over time

  • TFPN 1.13%
  • WTMF 0.66%
  • 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 $20,764WTMF $12,896

Year by year

YearTFPNWTMFOverpaying
10$1,981$1,180$801
20$7,403$4,504$2,899
30$20,764$12,896$7,868

Expense ratio

  • 1.13%TFPN
  • 0.66%WTMF, cheaper
  • Middle half of Managed Futures funds
  • Median 0.85%

WTMF 3rd cheapest of 14 funds

TFPN 14th cheapest of 14 funds

TFPN vs WTMF Dividends

Last 12 months to Oct 30, 2026
Yield (12M)
TFPN 0.00%
WTMF 7.87%, better
Payout (12M)
TFPN None
WTMF $3.14
Last payment
TFPN No data
WTMF $2.81
Ex-dividend
TFPN No data
WTMF Oct 27, 2026
Paid on
TFPN No data
WTMF Oct 29, 2026
Frequency
TFPN No data
WTMF Annual

Distribution history

Per share, 2017 to 2026, same scale for both

TFPN2 paymentsAll TFPN payments⁠
One bar per payment. 2 payments from 2017 to 2026 YTD. Dec 5, 2023 $0.24; Dec 5, 2024 $0.23. Use the arrow keys to read each point.$0$52017202020232026YTD
WTMFAnnual · 13 paymentsAll WTMF payments⁠
One bar per payment. 13 payments from 2017 to 2026 YTD. Dec 24, 2018 $1.39; Dec 23, 2019 $0.60; Dec 21, 2020 $0.17; Oct 8, 2021 $5.21; Oct 25, 2022 $1.44; Dec 23, 2022 $0.22; Oct 25, 2023 $1.32; Dec 22, 2023 $0.34; Oct 28, 2024 $0.82; Dec 26, 2024 $0.43; Oct 28, 2025 $0.83; Dec 26, 2025 $0.33; Oct 27, 2026 $2.81. Use the arrow keys to read each point.$0$52017202020232026YTD

TFPN vs WTMF Risk

Fall from peak · 5 years

This chart needs five years of history for both funds.

Risk facts

VolatilityStd dev, 3 years
TFPN 13.7%WTMF 6.4%, better
Return per unit of riskSharpe ratio, 3 years
TFPN 0.16WTMF 0.98, better
Worst fallMax drawdown, 5 years
TFPN −16.7%since Jul 2023WTMF −13.2%
Market sensitivityBeta, 5 years
TFPN 0.59WTMF 0.29

TFPN and WTMF in the news

All news⁠

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