IWS vs. TPHD

Last updated Jun 4, 2026

IWS (iShares Russell Mid-Cap Value ETF) and TPHD (Timothy Plan High Dividend Stock ETF) are both Mid Cap Value Equities funds - IWS tracks the Russell Midcap Value Index while TPHD tracks the Victory US Large Cap High Dividend Volatility Weighted BRI Index. Both are passively managed. Over the past 5 years, IWS returned 8.37%/yr vs 8.52%/yr for TPHD. Their correlation of 0.91 suggests significant overlap in exposure. IWS charges 0.23%/yr vs 0.52%/yr for TPHD.

Performance

IWS vs. TPHD - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in iShares Russell Mid-Cap Value ETF (IWS) 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, IWS achieves a 15.06% return, which is significantly higher than TPHD's 8.56% return.

IWS

• 1D: -0.04%
• 1M: 3.74%
• YTD: 15.06%
• 6M: 15.13%
• 1Y: 27.01%
• 3Y*: 17.40%
• 5Y*: 8.37%
• 10Y*: 10.23%

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)

IWS vs. TPHD - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019
IWS iShares Russell Mid-Cap Value ETF	15.06%	10.82%	12.91%	12.52%	-12.29%	28.10%	4.83%	8.42%
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 IWS and TPHD is 0.80, 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	0.80
Correlation (3Y) Calculated over the trailing 3-year period	0.87
Correlation (5Y) Calculated over the trailing 5-year period	0.89
Correlation (All Time) Calculated using the full available price history since May 2, 2019	0.91

The correlation between IWS and TPHD shifts across timeframes, from 0.80 (1 year) to 0.91 (all time), reflecting how their relationship changes across market environments.

IWS vs. TPHD - Sectors Allocation Comparison

Sectors	IWS	TPHD
Industrials	16.7%	18.3%
Technology	16.5%	8.8%
Financial Services	14.1%	12.6%
Real Estate	8.6%	0.0%
Consumer Cyclical	8.4%	8.9%
Energy	8.1%	15.4%
Healthcare	7.3%	2.5%
Utilities	7.0%	24.1%
Basic Materials	5.4%	5.3%
Consumer Defensive	4.8%	4.2%
Communication Services	3.1%	0.0%

Return for Risk

IWS vs. TPHD — Risk / Return Rank

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

IWS

IWS Risk / Return Rank: 65
IWS Sharpe Ratio Rank: 60
IWS Sortino Ratio Rank: 62
IWS Omega Ratio Rank: 58
IWS Calmar Ratio Rank: 72
IWS Martin Ratio Rank: 72

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.

IWS vs. TPHD - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for iShares Russell Mid-Cap Value ETF (IWS) 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.

	IWS	TPHD	Difference
Sharpe ratio Return per unit of total volatility	2.06	1.27	+0.79
Sortino ratio Return per unit of downside risk	2.95	1.92	+1.03
Omega ratio Gain probability vs. loss probability	1.36	1.22	+0.14
Calmar ratio Return relative to maximum drawdown	3.60	2.19	+1.42
Martin ratio Return relative to average drawdown	13.59	6.20	+7.38
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

IWS vs. TPHD - Sharpe Ratio Comparison

The current IWS Sharpe Ratio is 2.06, which is higher than the TPHD Sharpe Ratio of 1.27. The chart below compares the historical Sharpe Ratios of IWS 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

	IWS	TPHD	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	2.06	1.27	+0.79
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	0.49	0.59	-0.10
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	0.53	—	—
Sharpe Ratio (All Time) Calculated using the full available price history	0.42	0.51	-0.09

Drawdowns

IWS vs. TPHD - Drawdown Comparison

The maximum IWS drawdown since its inception was -62.40%, which is greater than TPHD's maximum drawdown of -41.71%. Use the drawdown chart below to compare losses from any high point for IWS and TPHD.

Drawdown Indicators

	IWS	TPHD	Difference
Max Drawdown Largest peak-to-trough decline	-62.40%	-41.71%	-20.69%
Max Drawdown (1Y) Largest decline over 1 year	-7.53%	-6.08%	-1.45%
Max Drawdown (3Y) Largest decline over 3 years	-20.57%	-15.89%	-4.68%
Max Drawdown (5Y) Largest decline over 5 years	-21.23%	-16.54%	-4.69%
Max Drawdown (10Y) Largest decline over 10 years	-43.83%	—	—
Current Drawdown Current decline from peak	-0.04%	-3.25%	+3.21%
Average Drawdown Average peak-to-trough decline	-8.02%	-4.73%	-3.29%
Ulcer Index Depth and duration of drawdowns from previous peaks	1.99%	2.14%	-0.15%

Volatility

IWS vs. TPHD - Volatility Comparison

iShares Russell Mid-Cap Value ETF (IWS) has a higher volatility of 3.40% compared to Timothy Plan High Dividend Stock ETF (TPHD) at 2.60%. This indicates that IWS's price experiences larger fluctuations and is considered to be riskier than TPHD based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	IWS	TPHD	Difference
Volatility (1M) Calculated over the trailing 1-month period	3.40%	2.60%	+0.80%
Volatility (6M) Calculated over the trailing 6-month period	9.57%	7.35%	+2.22%
Volatility (1Y) Calculated over the trailing 1-year period	13.19%	10.48%	+2.71%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	17.30%	14.60%	+2.70%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	19.36%	19.63%	-0.27%

IWS vs. TPHD - Expense Ratio Comparison

IWS has a 0.23% expense ratio, which is lower than TPHD's 0.52% expense ratio.

Dividends

IWS vs. TPHD - Dividend Comparison

IWS's dividend yield for the trailing twelve months is around 1.34%, less than TPHD's 2.00% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
IWS iShares Russell Mid-Cap Value ETF	1.34%	1.53%	1.50%	1.76%	1.93%	1.39%	1.87%	1.97%	2.53%	1.96%	2.10%	2.14%
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 IWS and TPHD in my portfolio?

IWS and TPHD have a correlation of 0.80, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, IWS or TPHD?

IWS has higher volatility (3.40%) compared to TPHD (2.60%). In terms of maximum drawdown, IWS dropped -62.40% vs TPHD's -41.71%.

Which ETF is better, IWS or TPHD?

On 5-year performance, TPHD leads with 8.52% vs 8.37% for IWS. On fees, IWS is cheaper at 0.23% per year. On volatility, TPHD has been the lower-risk option at 2.60%. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF has performed better, IWS or TPHD?

Over the 5-year period, TPHD has performed better with a 8.52% return vs 8.37%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, IWS or TPHD?

IWS is cheaper with a 0.23% expense ratio, compared with 0.52% for TPHD.

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

TPHD has the higher dividend yield at 2.00%, compared with 1.34% for IWS.

What is the main difference between IWS and TPHD?

IWS tracks Russell Midcap Value Index, while TPHD tracks Victory US Large Cap High Dividend Volatility Weighted BRI Index. They also come from different issuers: iShares and Timothy Plan. Their fees differ too: 0.23% for IWS and 0.52% for TPHD.

Which has better risk-adjusted returns?

IWS currently has the higher Sharpe Ratio (2.06 vs 1.27), 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.