Blueprint Chesapeake Multi-Asset Trend ETF (TFPN) — Stock Correlations & Overview
Over the past year, TFPN has moved most closely with DRIV, PRAE, XNAV. Explore the stocks most correlated and inversely correlated with TFPN below, along with its price, financials, and company profile.
Stocks correlated with TFPN
Correlation of daily returns. Higher positive values move with TFPN; negative values move opposite it. Informational only, not investment advice.
Most correlated with TFPN
| Symbol | Company | Correlation |
|---|---|---|
| DRIV | Global X Autonomous & Electric Vehicles ETF | 0.68 |
| PRAE | PlanRock Alternative Growth ETF | 0.68 |
| XNAV | FundX Aggressive ETF | 0.67 |
| AIO | Virtus Artificial Intelligence & Technology Opportunities Fund | 0.67 |
| RAA | SMI 3Fourteen REAL Asset Allocation ETF | 0.67 |
Most inversely correlated with TFPN
| Symbol | Company | Correlation |
|---|---|---|
| HIBS | Direxion Daily S&P 500 High Beta Bear 3X ETF | -0.59 |
| EDZ | Direxion Daily MSCI Emerging Markets Bear 3X ETF | -0.58 |
| SOXS | Direxion Daily Semiconductor Bear 3X ETF | -0.58 |
| REW | Proshares UltraShort Technology | -0.57 |
| TECS | Direxion Daily Technology Bear 3x ETF | -0.57 |
Frequently asked questions about TFPN correlations
- Which stocks are most correlated with TFPN?
- Based on one year of daily returns, the stocks most correlated with Blueprint Chesapeake Multi-Asset Trend ETF (TFPN) are DRIV (0.68), PRAE (0.68) and XNAV (0.67). A correlation near 1.00 means the two stocks' daily moves have tracked each other closely over the period.
- Which stocks are inversely correlated with TFPN?
- Over the past year, the stocks most inversely correlated with Blueprint Chesapeake Multi-Asset Trend ETF (TFPN) are HIBS (-0.59), EDZ (-0.58) and SOXS (-0.58). A negative correlation means the two stocks have tended to move in opposite directions.
- What does a correlation of 0.8 mean for a stock?
- Correlation measures how closely two stocks' daily returns move together, on a scale from -1 to 1. At 0.8, the two stocks have moved in the same direction on most days — though not by identical amounts. A value near 0 means their moves have been unrelated, and a negative value means they have tended to move in opposite directions. Correlation reflects past behavior and can change over time.
- How are these TFPN correlations calculated?
- We compute the correlation of daily returns between TFPN and roughly 9,000 other US-listed stocks and ETFs over the trailing one-year window, then rank the strongest positive and negative relationships. The data is refreshed monthly. It is informational and educational only — not investment advice.
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