RFV vs. TPHD

Last updated Aug 6, 2026

RFV (Invesco S&P MidCap 400® Pure Value ETF) and TPHD (Timothy Plan High Dividend Stock ETF) are both Mid Cap Value Equities funds - RFV tracks the S&P MidCap 400 Pure 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, RFV returned 12.20%/yr vs 9.61%/yr for TPHD. Their correlation of 0.83 means they have usually moved in the same direction. RFV charges 0.35%/yr vs 0.52%/yr for TPHD.

Performance

RFV vs. TPHD - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Invesco S&P MidCap 400® Pure Value ETF (RFV) 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, RFV achieves a 19.10% return, which is significantly higher than TPHD's 13.94% return.

RFV

• 1D: -0.87%
• 1M: 5.31%
• 6M: 8.28%
• YTD: 19.10%
• 1Y: 26.43%
• 3Y*: 14.31%
• 5Y*: 12.20%
• 10Y*: 12.42%
• ALL TIME*: 10.01%

TPHD

• 1D: -0.81%
• 1M: 1.70%
• 6M: 4.84%
• YTD: 13.94%
• 1Y: 15.41%
• 3Y*: 12.73%
• 5Y*: 9.61%
• 10Y*: —
• ALL TIME*: 10.35%

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

Liquidity Comparison

Position	Avg. Volume Value (2W)	Avg. Volume Value (1M)	Avg. Volume Value (3M)
RFV Invesco S&P MidCap 400® Pure Value ETF	$1.31M	$1.15M	$815.25K
TPHD Timothy Plan High Dividend Stock ETF	$1.62M	$1.12M	$883.36K

RFV vs. TPHD - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019
RFV Invesco S&P MidCap 400® Pure Value ETF	19.10%	7.66%	5.63%	30.26%	-3.99%	33.02%	9.61%	0.38%
TPHD Timothy Plan High Dividend Stock ETF	13.94%	8.28%	12.14%	8.86%	-1.91%	27.98%	-1.30%	9.57%

Correlation

The correlation between RFV and TPHD is 0.66, which is moderate. They have sometimes moved together and sometimes differently, sharing some price drivers without tracking each other closely.

	Correlation
Correlation (1Y) Focuses on recent behavior, but can change the most.	0.66
Correlation (3Y) Balances recent behavior with more history.	0.77
Correlation (5Y) Shows whether the relationship held over a longer period.	0.80
Correlation (All Time) Calculated using the full available price history since May 1, 2019	0.83

The correlation between RFV and TPHD shifts across timeframes, from 0.66 (1 year) to 0.83 (all time), reflecting how their relationship changes across market environments.

RFV vs. TPHD - Sectors Allocation Comparison

Sectors	RFV	TPHD
Consumer Cyclical	24.8%	9.2%
Financial Services	17.8%	12.8%
Energy	13.8%	14.0%
Technology	11.8%	8.8%
Industrials	11.0%	18.7%
Basic Materials	6.6%	5.4%
Consumer Defensive	6.2%	4.3%
Real Estate	3.8%	0.0%
Healthcare	2.4%	2.6%
Communication Services	1.8%	0.0%
Utilities	-	24.1%

Return for Risk

RFV vs. TPHD — Risk / Return Rank

Compare historical risk-adjusted metric ranks over the past 12 months.

RFV

RFV Risk / Return Rank: 56
RFV Sharpe Ratio Rank: 57
RFV Sortino Ratio Rank: 63
RFV Omega Ratio Rank: 55
RFV Calmar Ratio Rank: 52
RFV Martin Ratio Rank: 51

TPHD

TPHD Risk / Return Rank: 54
TPHD Sharpe Ratio Rank: 51
TPHD Sortino Ratio Rank: 55
TPHD Omega Ratio Rank: 48
TPHD Calmar Ratio Rank: 64
TPHD Martin Ratio Rank: 53

The rank (0–100) uses a weighted average of the Sharpe, Sortino, Omega, Calmar, and Martin percentile ranks for the trailing 12 months. Higher means stronger historical risk-adjusted performance within the peer group.

RFV vs. TPHD - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Invesco S&P MidCap 400® Pure Value ETF (RFV) 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.

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.

	RFV	TPHD	Difference
Sharpe ratio: Return per unit of total volatility	1.57	1.45	+0.13
Sortino ratio: Return per unit of downside risk	2.39	2.19	+0.21
Omega ratio: Gain probability vs. loss probability	1.28	1.25	+0.03
Calmar ratio: Return relative to maximum drawdown	2.12	2.55	-0.42
Martin ratio: Return relative to average drawdown	6.75	7.09	-0.34

RFV vs. TPHD - Sharpe Ratio Comparison

The current RFV Sharpe Ratio is 1.57, which is comparable to the TPHD Sharpe Ratio of 1.45. The chart below compares the historical Sharpe Ratios of RFV 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.

Drawdowns

RFV vs. TPHD - Drawdown Comparison

The maximum RFV drawdown since its inception was -71.82%, which is greater than TPHD's maximum drawdown of -41.71%. Use the drawdown chart below to compare losses from any high point for RFV and TPHD.

Drawdown Indicators

	RFV	TPHD	Difference
Max Drawdown Largest peak-to-trough decline	-71.82%	-41.71%	-30.11%
Max Drawdown (1Y) Largest decline over 1 year	-12.51%	-6.08%	-6.43%
Max Drawdown (3Y) Largest decline over 3 years	-24.65%	-15.89%	-8.76%
Max Drawdown (5Y) Largest decline over 5 years	-24.65%	-16.54%	-8.11%
Max Drawdown (10Y) Largest decline over 10 years	-52.24%	—	—
Current Drawdown Current decline from peak	-0.87%	-1.08%	+0.21%
Average Drawdown Average peak-to-trough decline	-9.72%	-4.65%	-5.07%
Ulcer Index Depth and duration of drawdowns from previous peaks	3.93%	2.18%	+1.75%

Volatility

RFV vs. TPHD - Volatility Comparison

Invesco S&P MidCap 400® Pure Value ETF (RFV) and Timothy Plan High Dividend Stock ETF (TPHD) have volatilities of 3.68% and 3.71%, 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

	RFV	TPHD	Difference
Volatility (1M) Calculated over the trailing 1-month period	3.68%	3.71%	-0.03%
Volatility (6M) Calculated over the trailing 6-month period	11.24%	7.45%	+3.79%
Volatility (1Y) Calculated over the trailing 1-year period	16.88%	10.69%	+6.19%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	21.77%	14.59%	+7.18%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	24.84%	19.47%	+5.37%

RFV vs. TPHD - Expense Ratio Comparison

RFV has a 0.35% expense ratio, which is lower than TPHD's 0.52% expense ratio.

Dividends

RFV vs. TPHD - Dividend Comparison

RFV's dividend yield for the trailing twelve months is around 1.60%, less than TPHD's 1.91% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
RFV Invesco S&P MidCap 400® Pure Value ETF	1.60%	2.07%	1.31%	1.27%	2.05%	1.60%	1.52%	1.71%	1.39%	1.36%	0.88%	1.79%
TPHD Timothy Plan High Dividend Stock ETF	1.91%	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 RFV and TPHD in my portfolio?

RFV and TPHD have a correlation of 0.66, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, RFV or TPHD?

TPHD has higher volatility (3.71%) compared to RFV (3.68%). In terms of maximum drawdown, RFV dropped -71.82% vs TPHD's -41.71%.

Which ETF is better, RFV or TPHD?

On 5-year performance, RFV leads with 12.20% vs 9.61% for TPHD. On fees, RFV is cheaper at 0.35% 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, RFV or TPHD?

Over the 5-year period, RFV has performed better with a 12.20% return vs 9.61%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, RFV or TPHD?

RFV is cheaper with a 0.35% expense ratio, compared with 0.52% for TPHD.

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

TPHD has the higher dividend yield at 1.91%, compared with 1.60% for RFV.

What is the main difference between RFV and TPHD?

RFV tracks S&P MidCap 400 Pure Value 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: 0.35% for RFV and 0.52% for TPHD.

Which has better risk-adjusted returns?

RFV currently has the higher Sharpe Ratio (1.57 vs 1.45), 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.