FVD vs. TPHD

Last updated Jun 4, 2026

FVD (First Trust Value Line Dividend Index Fund) and TPHD (Timothy Plan High Dividend Stock ETF) are both Mid Cap Value Equities funds - FVD tracks the Value Line Dividend Index while TPHD tracks the Victory US Large Cap High Dividend Volatility Weighted BRI Index. Both are passively managed. Over the past 5 years, FVD returned 5.20%/yr vs 8.52%/yr for TPHD. Their correlation of 0.92 suggests significant overlap in exposure. FVD charges 0.61%/yr vs 0.52%/yr for TPHD.

Performance

FVD vs. TPHD - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in First Trust Value Line Dividend Index Fund (FVD) and Timothy Plan High Dividend Stock ETF (TPHD). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, FVD achieves a 2.21% return, which is significantly lower than TPHD's 8.56% return.

FVD

• 1D: -0.59%
• 1M: -1.04%
• YTD: 2.21%
• 6M: 2.80%
• 1Y: 6.84%
• 3Y*: 8.25%
• 5Y*: 5.20%
• 10Y*: 8.30%

TPHD

• 1D: 0.03%
• 1M: -1.27%
• YTD: 8.56%
• 6M: 7.69%
• 1Y: 13.23%
• 3Y*: 13.21%
• 5Y*: 8.52%
• 10Y*: —

*Multi-year figures are annualized to reflect compound growth (CAGR)

FVD vs. TPHD - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019
FVD First Trust Value Line Dividend Index Fund	2.21%	8.16%	10.04%	4.11%	-5.18%	25.08%	-0.02%	10.60%
TPHD Timothy Plan High Dividend Stock ETF	8.56%	8.28%	12.14%	8.86%	-1.91%	27.98%	-1.30%	10.35%

Correlation

The correlation between FVD and TPHD is 0.88, indicating a strong positive relationship between their price movements. Combining them offers limited diversification - they tend to fall together during downturns.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.88
Correlation (3Y) Calculated over the trailing 3-year period	0.89
Correlation (5Y) Calculated over the trailing 5-year period	0.91
Correlation (All Time) Calculated using the full available price history since May 2, 2019	0.92

The correlation between FVD and TPHD has been stable across timeframes, ranging from 0.88 to 0.92 - a consistent structural relationship.

FVD vs. TPHD - Sectors Allocation Comparison

Sectors	FVD	TPHD
Financial Services	19.1%	12.6%
Utilities	18.4%	24.1%
Industrials	14.2%	18.3%
Consumer Defensive	11.6%	4.2%
Real Estate	8.1%	0.0%
Healthcare	7.8%	2.5%
Technology	6.1%	8.8%
Consumer Cyclical	5.6%	8.9%
Energy	4.0%	15.4%
Communication Services	3.0%	0.0%
Basic Materials	2.1%	5.3%

Return for Risk

FVD vs. TPHD — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.

FVD

FVD Risk / Return Rank: 21
FVD Sharpe Ratio Rank: 21
FVD Sortino Ratio Rank: 21
FVD Omega Ratio Rank: 19
FVD Calmar Ratio Rank: 21
FVD Martin Ratio Rank: 21

TPHD

TPHD Risk / Return Rank: 38
TPHD Sharpe Ratio Rank: 35
TPHD Sortino Ratio Rank: 36
TPHD Omega Ratio Rank: 33
TPHD Calmar Ratio Rank: 44
TPHD Martin Ratio Rank: 39

The rank (0–100) shows how this investment's returns compare to the risk taken. Higher = better. Based on the past 12 months of data, combining Sharpe, Sortino, and other metrics used by quantitative funds and institutional investors.

FVD vs. TPHD - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for First Trust Value Line Dividend Index Fund (FVD) and Timothy Plan High Dividend Stock ETF (TPHD). 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.

	FVD	TPHD	Difference
Sharpe ratio: Return per unit of total volatility	0.72	1.27	-0.55
Sortino ratio: Return per unit of downside risk	1.12	1.92	-0.80
Omega ratio: Gain probability vs. loss probability	1.13	1.22	-0.10
Calmar ratio: Return relative to maximum drawdown	0.95	2.19	-1.23
Martin ratio: Return relative to average drawdown	2.58	6.20	-3.63
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

FVD vs. TPHD - Sharpe Ratio Comparison

The current FVD Sharpe Ratio is 0.72, which is lower than the TPHD Sharpe Ratio of 1.27. The chart below compares the historical Sharpe Ratios of FVD and TPHD, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Sharpe Ratios by Period

	FVD	TPHD	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	0.72	1.27	-0.55
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	0.41	0.59	-0.18
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	0.54	—	—
Sharpe Ratio (All Time) Calculated using the full available price history	0.58	0.51	+0.07

Drawdowns

FVD vs. TPHD - Drawdown Comparison

The maximum FVD drawdown since its inception was -51.00%, which is greater than TPHD's maximum drawdown of -41.71%. Use the drawdown chart below to compare losses from any high point for FVD and TPHD.

Drawdown Indicators

	FVD	TPHD	Difference
Max Drawdown Largest peak-to-trough decline	-51.00%	-41.71%	-9.29%
Max Drawdown (1Y) Largest decline over 1 year	-7.23%	-6.08%	-1.15%
Max Drawdown (3Y) Largest decline over 3 years	-11.97%	-15.89%	+3.92%
Max Drawdown (5Y) Largest decline over 5 years	-16.41%	-16.54%	+0.13%
Max Drawdown (10Y) Largest decline over 10 years	-35.25%	—	—
Current Drawdown Current decline from peak	-5.96%	-3.25%	-2.71%
Average Drawdown Average peak-to-trough decline	-5.44%	-4.73%	-0.71%
Ulcer Index Depth and duration of drawdowns from previous peaks	2.66%	2.14%	+0.52%

Volatility

FVD vs. TPHD - Volatility Comparison

First Trust Value Line Dividend Index Fund (FVD) and Timothy Plan High Dividend Stock ETF (TPHD) have volatilities of 2.62% and 2.60%, respectively, indicating that both stocks experience similar levels of price fluctuations. This suggests that the risk associated with both stocks, as measured by volatility, is nearly the same. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	FVD	TPHD	Difference
Volatility (1M) Calculated over the trailing 1-month period	2.62%	2.60%	+0.02%
Volatility (6M) Calculated over the trailing 6-month period	6.73%	7.35%	-0.62%
Volatility (1Y) Calculated over the trailing 1-year period	9.50%	10.48%	-0.98%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	12.76%	14.60%	-1.84%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	15.44%	19.63%	-4.19%

FVD vs. TPHD - Expense Ratio Comparison

FVD has a 0.61% expense ratio, which is higher than TPHD's 0.52% expense ratio.

Dividends

FVD vs. TPHD - Dividend Comparison

FVD's dividend yield for the trailing twelve months is around 2.31%, more than TPHD's 2.00% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
FVD First Trust Value Line Dividend Index Fund	2.31%	2.36%	2.23%	2.34%	2.20%	1.75%	2.31%	2.03%	2.50%	2.10%	2.04%	2.34%
TPHD Timothy Plan High Dividend Stock ETF	2.00%	2.10%	2.09%	2.19%	2.38%	1.86%	2.38%	1.61%	0.00%	0.00%	0.00%	0.00%

Frequently Asked Questions

Can I hold both FVD and TPHD in my portfolio?

FVD and TPHD have a correlation of 0.88, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, FVD or TPHD?

FVD has higher volatility (2.62%) compared to TPHD (2.60%). In terms of maximum drawdown, FVD dropped -51.00% vs TPHD's -41.71%.

Which ETF is better, FVD or TPHD?

On 5-year performance, TPHD leads with 8.52% vs 5.20% for FVD. On fees, TPHD is cheaper at 0.52% per year. Their volatility is very similar. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF has performed better, FVD or TPHD?

Over the 5-year period, TPHD has performed better with a 8.52% return vs 5.20%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, FVD or TPHD?

TPHD is cheaper with a 0.52% expense ratio, compared with 0.61% for FVD.

Which ETF pays a higher dividend yield, FVD or TPHD?

FVD has the higher dividend yield at 2.31%, compared with 2.00% for TPHD.

What is the main difference between FVD and TPHD?

FVD tracks Value Line Dividend Index, while TPHD tracks Victory US Large Cap High Dividend Volatility Weighted BRI Index. They also come from different issuers: First Trust and Timothy Plan. Their fees differ too: 0.61% for FVD and 0.52% for TPHD.

Which has better risk-adjusted returns?

TPHD currently has the higher Sharpe Ratio (1.27 vs 0.72), 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.