PKW vs. TPHD

Last updated Jun 4, 2026

PKW (Invesco BuyBack Achievers™ ETF) and TPHD (Timothy Plan High Dividend Stock ETF) are both Mid Cap Value Equities funds - PKW tracks the NASDAQ US BuyBack Achievers Index while TPHD tracks the Victory US Large Cap High Dividend Volatility Weighted BRI Index. Both are passively managed. Over the past 5 years, PKW returned 9.90%/yr vs 8.52%/yr for TPHD. Their correlation of 0.86 suggests significant overlap in exposure. PKW charges 0.62%/yr vs 0.52%/yr for TPHD.

Performance

PKW vs. TPHD - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Invesco BuyBack Achievers™ ETF (PKW) 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, PKW achieves a 2.43% return, which is significantly lower than TPHD's 8.56% return.

PKW

• 1D: -0.38%
• 1M: -0.04%
• YTD: 2.43%
• 6M: 3.41%
• 1Y: 16.01%
• 3Y*: 18.60%
• 5Y*: 9.90%
• 10Y*: 12.81%

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)

PKW vs. TPHD - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019
PKW Invesco BuyBack Achievers™ ETF	2.43%	17.92%	17.33%	17.24%	-10.21%	32.62%	8.41%	10.25%
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 PKW and TPHD is 0.70, 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	0.70
Correlation (3Y) Calculated over the trailing 3-year period	0.81
Correlation (5Y) Calculated over the trailing 5-year period	0.84
Correlation (All Time) Calculated using the full available price history since May 2, 2019	0.86

The correlation between PKW and TPHD shifts across timeframes, from 0.70 (1 year) to 0.86 (all time), reflecting how their relationship changes across market environments.

PKW vs. TPHD - Sectors Allocation Comparison

Sectors	PKW	TPHD
Financial Services	29.4%	12.6%
Consumer Cyclical	19.1%	8.9%
Industrials	14.2%	18.3%
Technology	10.8%	8.8%
Healthcare	10.1%	2.5%
Energy	5.6%	15.4%
Communication Services	4.0%	0.0%
Consumer Defensive	3.4%	4.2%
Utilities	2.1%	24.1%
Basic Materials	1.1%	5.3%
Real Estate	0.3%	0.0%

Return for Risk

PKW vs. TPHD — Risk / Return Rank

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

PKW

PKW Risk / Return Rank: 36
PKW Sharpe Ratio Rank: 34
PKW Sortino Ratio Rank: 34
PKW Omega Ratio Rank: 31
PKW Calmar Ratio Rank: 41
PKW Martin Ratio Rank: 40

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.

PKW vs. TPHD - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Invesco BuyBack Achievers™ ETF (PKW) 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.

	PKW	TPHD	Difference
Sharpe ratio Return per unit of total volatility	1.23	1.27	-0.04
Sortino ratio Return per unit of downside risk	1.84	1.92	-0.08
Omega ratio Gain probability vs. loss probability	1.22	1.22	-0.01
Calmar ratio Return relative to maximum drawdown	2.05	2.19	-0.14
Martin ratio Return relative to average drawdown	6.46	6.20	+0.25
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

PKW vs. TPHD - Sharpe Ratio Comparison

The current PKW Sharpe Ratio is 1.23, which is comparable to the TPHD Sharpe Ratio of 1.27. The chart below compares the historical Sharpe Ratios of PKW 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

	PKW	TPHD	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	1.23	1.27	-0.04
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	0.57	0.59	-0.02
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	0.65	—	—
Sharpe Ratio (All Time) Calculated using the full available price history	0.52	0.51	+0.01

Drawdowns

PKW vs. TPHD - Drawdown Comparison

The maximum PKW drawdown since its inception was -54.59%, which is greater than TPHD's maximum drawdown of -41.71%. Use the drawdown chart below to compare losses from any high point for PKW and TPHD.

Drawdown Indicators

	PKW	TPHD	Difference
Max Drawdown Largest peak-to-trough decline	-54.59%	-41.71%	-12.88%
Max Drawdown (1Y) Largest decline over 1 year	-7.86%	-6.08%	-1.78%
Max Drawdown (3Y) Largest decline over 3 years	-20.91%	-15.89%	-5.02%
Max Drawdown (5Y) Largest decline over 5 years	-23.51%	-16.54%	-6.97%
Max Drawdown (10Y) Largest decline over 10 years	-40.93%	—	—
Current Drawdown Current decline from peak	-2.15%	-3.25%	+1.10%
Average Drawdown Average peak-to-trough decline	-7.96%	-4.73%	-3.23%
Ulcer Index Depth and duration of drawdowns from previous peaks	2.49%	2.14%	+0.35%

Volatility

PKW vs. TPHD - Volatility Comparison

Invesco BuyBack Achievers™ ETF (PKW) has a higher volatility of 3.18% compared to Timothy Plan High Dividend Stock ETF (TPHD) at 2.60%. This indicates that PKW'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

	PKW	TPHD	Difference
Volatility (1M) Calculated over the trailing 1-month period	3.18%	2.60%	+0.58%
Volatility (6M) Calculated over the trailing 6-month period	9.39%	7.35%	+2.04%
Volatility (1Y) Calculated over the trailing 1-year period	13.14%	10.48%	+2.66%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	17.45%	14.60%	+2.85%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	19.78%	19.63%	+0.15%

PKW vs. TPHD - Expense Ratio Comparison

PKW has a 0.62% expense ratio, which is higher than TPHD's 0.52% expense ratio.

Dividends

PKW vs. TPHD - Dividend Comparison

PKW's dividend yield for the trailing twelve months is around 0.90%, less than TPHD's 2.00% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
PKW Invesco BuyBack Achievers™ ETF	0.90%	0.99%	0.86%	1.17%	1.22%	0.72%	1.48%	1.30%	1.30%	0.65%	1.59%	1.14%
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 PKW and TPHD in my portfolio?

PKW and TPHD have a correlation of 0.70, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, PKW or TPHD?

PKW has higher volatility (3.18%) compared to TPHD (2.60%). In terms of maximum drawdown, PKW dropped -54.59% vs TPHD's -41.71%.

Which ETF is better, PKW or TPHD?

On 5-year performance, PKW leads with 9.90% vs 8.52% for TPHD. On fees, TPHD is cheaper at 0.52% 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, PKW or TPHD?

Over the 5-year period, PKW has performed better with a 9.90% return vs 8.52%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, PKW or TPHD?

TPHD is cheaper with a 0.52% expense ratio, compared with 0.62% for PKW.

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

TPHD has the higher dividend yield at 2.00%, compared with 0.90% for PKW.

What is the main difference between PKW and TPHD?

PKW tracks NASDAQ US BuyBack Achievers Index, while TPHD tracks Victory US Large Cap High Dividend Volatility Weighted BRI Index. They also come from different issuers: Invesco and Timothy Plan. Their fees differ too: 0.62% for PKW and 0.52% for TPHD.

Which has better risk-adjusted returns?

TPHD currently has the higher Sharpe Ratio (1.27 vs 1.23), 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.