CWFIX vs. TPHAX
CWFIX (Chartwell Short Duration High Yield Fund) and TPHAX (Timothy Plan High Yield Bond Fund) are both High Yield Bonds funds. Over the past 10 years, CWFIX returned 4.00%/yr vs 5.04%/yr for TPHAX. A 0.73 correlation means they provide meaningful diversification when combined. CWFIX charges 0.49%/yr vs 1.39%/yr for TPHAX.
Performance
CWFIX vs. TPHAX - Performance Comparison
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Returns By Period
In the year-to-date period, CWFIX achieves a 1.61% return, which is significantly lower than TPHAX's 1.87% return. Over the past 10 years, CWFIX has underperformed TPHAX with an annualized return of 4.00%, while TPHAX has yielded a comparatively higher 5.04% annualized return.
CWFIX
- 1D
- 0.00%
- 1M
- 0.43%
- YTD
- 1.61%
- 6M
- 1.83%
- 1Y
- 5.16%
- 3Y*
- 6.53%
- 5Y*
- 3.92%
- 10Y*
- 4.00%
TPHAX
- 1D
- -0.11%
- 1M
- 0.66%
- YTD
- 1.87%
- 6M
- 2.20%
- 1Y
- 5.90%
- 3Y*
- 8.16%
- 5Y*
- 3.46%
- 10Y*
- 5.04%
CWFIX vs. TPHAX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
CWFIX Chartwell Short Duration High Yield Fund | 1.61% | 6.99% | 5.78% | 7.80% | -3.17% | 2.40% | 4.38% | 7.33% | 0.36% | 3.06% |
TPHAX Timothy Plan High Yield Bond Fund | 1.87% | 7.57% | 7.95% | 12.24% | -12.24% | 5.69% | 6.12% | 16.60% | -4.66% | 6.22% |
Correlation
The correlation between CWFIX and TPHAX is 0.73, which is moderate. They share some common price drivers but move independently often enough to provide real diversification benefit when combined.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.73 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.74 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.78 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.73 |
Correlation (All Time) Calculated using the full available price history since Jul 16, 2014 | 0.73 |
The correlation between CWFIX and TPHAX has been stable across timeframes, ranging from 0.73 to 0.78 - a consistent structural relationship.
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Return for Risk
CWFIX vs. TPHAX — Risk / Return Rank
CWFIX
TPHAX
CWFIX vs. TPHAX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Chartwell Short Duration High Yield Fund (CWFIX) and Timothy Plan High Yield Bond Fund (TPHAX). Risk-adjusted metrics are performance indicators that assess an investment's returns in relation to its risk, enabling a more accurate comparison of different investment options.
Values are calculated on a 1-year rolling basis and updated daily. Risk-adjusted metrics are more stable over longer periods — use the period switch above to explore them.
| CWFIX | TPHAX | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +1.31 | ||
| Sortino ratioReturn per unit of downside risk | +2.48 | ||
| Omega ratioGain probability vs. loss probability | 1.96 | 1.47 | +0.48 |
| Calmar ratioReturn relative to maximum drawdown | 4.68 | 2.46 | +2.22 |
| Martin ratioReturn relative to average drawdown | 25.02 | 12.20 | +12.83 |
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Drawdowns
CWFIX vs. TPHAX - Drawdown Comparison
The maximum CWFIX drawdown since its inception was -12.41%, smaller than the maximum TPHAX drawdown of -35.48%. Use the drawdown chart below to compare losses from any high point for CWFIX and TPHAX.
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Drawdown Indicators
| CWFIX | TPHAX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -12.41% | -35.48% | +23.07% |
Max Drawdown (1Y)Largest decline over 1 year | -1.13% | -2.50% | +1.37% |
Max Drawdown (3Y)Largest decline over 3 years | -1.37% | -3.94% | +2.57% |
Max Drawdown (5Y)Largest decline over 5 years | -6.36% | -15.98% | +9.62% |
Max Drawdown (10Y)Largest decline over 10 years | -12.41% | -22.38% | +9.97% |
Current DrawdownCurrent decline from peak | -0.10% | -0.22% | +0.12% |
Average DrawdownAverage peak-to-trough decline | -0.85% | -3.25% | +2.40% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 0.21% | 0.50% | -0.29% |
Volatility
CWFIX vs. TPHAX - Volatility Comparison
The current volatility for Chartwell Short Duration High Yield Fund (CWFIX) is 0.37%, while Timothy Plan High Yield Bond Fund (TPHAX) has a volatility of 0.70%. This indicates that CWFIX experiences smaller price fluctuations and is considered to be less risky than TPHAX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| CWFIX | TPHAX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 0.37% | 0.70% | -0.33% |
Volatility (6M)Calculated over the trailing 6-month period | 1.21% | 2.28% | -1.07% |
Volatility (1Y)Calculated over the trailing 1-year period | 1.51% | 2.80% | -1.29% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 2.77% | 4.35% | -1.58% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 3.09% | 4.86% | -1.77% |
CWFIX vs. TPHAX - Expense Ratio Comparison
CWFIX has a 0.49% expense ratio, which is lower than TPHAX's 1.39% expense ratio.
Dividends
CWFIX vs. TPHAX - Dividend Comparison
CWFIX's dividend yield for the trailing twelve months is around 5.15%, less than TPHAX's 5.69% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
CWFIX Chartwell Short Duration High Yield Fund | 5.15% | 5.17% | 5.09% | 4.41% | 3.17% | 2.79% | 3.38% | 3.60% | 3.24% | 2.82% | 3.79% | 3.32% |
TPHAX Timothy Plan High Yield Bond Fund | 5.69% | 5.39% | 5.75% | 5.35% | 4.60% | 4.23% | 4.26% | 4.11% | 4.13% | 3.55% | 3.88% | 4.72% |
Frequently Asked Questions
CWFIX and TPHAX have a correlation of 0.73, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
TPHAX has higher volatility (0.70%) compared to CWFIX (0.37%). In terms of maximum drawdown, CWFIX dropped -12.41% vs TPHAX's -35.48%.
CWFIX currently has the higher Sharpe Ratio (3.51 vs 2.20), meaning it's delivered slightly more return per unit of risk over the trailing 12 months. However, this ranking shifts over time - use the Risk/Return Score above for a more comprehensive view that combines Sharpe, Sortino, and other measures used by quantitative funds.
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