SDY vs. TPHD

Last updated Jun 4, 2026

SDY (SPDR S&P Dividend ETF) and TPHD (Timothy Plan High Dividend Stock ETF) are both Mid Cap Value Equities funds - SDY tracks the S&P High Yield Dividend Aristocrats Index while TPHD tracks the Victory US Large Cap High Dividend Volatility Weighted BRI Index. Both are passively managed. Over the past 5 years, SDY returned 5.97%/yr vs 8.52%/yr for TPHD. Their correlation of 0.94 suggests significant overlap in exposure. SDY charges 0.35%/yr vs 0.52%/yr for TPHD.

Performance

SDY vs. TPHD - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in SPDR S&P Dividend ETF (SDY) 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, SDY achieves a 7.49% return, which is significantly lower than TPHD's 8.56% return.

SDY

• 1D: -0.15%
• 1M: 0.81%
• YTD: 7.49%
• 6M: 7.45%
• 1Y: 12.80%
• 3Y*: 9.83%
• 5Y*: 5.97%
• 10Y*: 9.29%

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)

SDY vs. TPHD - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019
SDY SPDR S&P Dividend ETF	7.49%	8.18%	8.45%	2.61%	-0.54%	25.32%	1.71%	9.24%
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 SDY and TPHD is 0.91, 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	0.91
Correlation (3Y) Calculated over the trailing 3-year period	0.91
Correlation (5Y) Calculated over the trailing 5-year period	0.93
Correlation (All Time) Calculated using the full available price history since May 2, 2019	0.94

The correlation between SDY and TPHD has been stable across timeframes, ranging from 0.91 to 0.94 - a consistent structural relationship.

SDY vs. TPHD - Sectors Allocation Comparison

Sectors	SDY	TPHD
Industrials	17.5%	18.3%
Consumer Defensive	17.1%	4.2%
Utilities	14.8%	24.1%
Financial Services	11.5%	12.6%
Technology	8.7%	8.8%
Basic Materials	6.4%	5.3%
Healthcare	6.2%	2.5%
Consumer Cyclical	5.2%	8.9%
Real Estate	4.6%	0.0%
Energy	4.6%	15.4%
Communication Services	3.5%	0.0%

Return for Risk

SDY vs. TPHD — Risk / Return Rank

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

SDY

SDY Risk / Return Rank: 33
SDY Sharpe Ratio Rank: 33
SDY Sortino Ratio Rank: 36
SDY Omega Ratio Rank: 31
SDY Calmar Ratio Rank: 33
SDY Martin Ratio Rank: 31

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.

SDY vs. TPHD - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for SPDR S&P Dividend ETF (SDY) 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.

	SDY	TPHD	Difference
Sharpe ratio: Return per unit of total volatility	1.25	1.27	-0.03
Sortino ratio: Return per unit of downside risk	1.92	1.92	0.00
Omega ratio: Gain probability vs. loss probability	1.22	1.22	-0.01
Calmar ratio: Return relative to maximum drawdown	1.68	2.19	-0.51
Martin ratio: Return relative to average drawdown	4.60	6.20	-1.60
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

SDY vs. TPHD - Sharpe Ratio Comparison

The current SDY Sharpe Ratio is 1.25, which is comparable to the TPHD Sharpe Ratio of 1.27. The chart below compares the historical Sharpe Ratios of SDY 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

	SDY	TPHD	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	1.25	1.27	-0.03
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	0.43	0.59	-0.16
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	0.55	—	—
Sharpe Ratio (All Time) Calculated using the full available price history	0.47	0.51	-0.04

Drawdowns

SDY vs. TPHD - Drawdown Comparison

The maximum SDY drawdown since its inception was -54.75%, which is greater than TPHD's maximum drawdown of -41.71%. Use the drawdown chart below to compare losses from any high point for SDY and TPHD.

Drawdown Indicators

	SDY	TPHD	Difference
Max Drawdown Largest peak-to-trough decline	-54.75%	-41.71%	-13.04%
Max Drawdown (1Y) Largest decline over 1 year	-7.67%	-6.08%	-1.59%
Max Drawdown (3Y) Largest decline over 3 years	-14.39%	-15.89%	+1.50%
Max Drawdown (5Y) Largest decline over 5 years	-15.21%	-16.54%	+1.33%
Max Drawdown (10Y) Largest decline over 10 years	-36.70%	—	—
Current Drawdown Current decline from peak	-4.07%	-3.25%	-0.82%
Average Drawdown Average peak-to-trough decline	-6.21%	-4.73%	-1.48%
Ulcer Index Depth and duration of drawdowns from previous peaks	2.79%	2.14%	+0.65%

Volatility

SDY vs. TPHD - Volatility Comparison

SPDR S&P Dividend ETF (SDY) and Timothy Plan High Dividend Stock ETF (TPHD) have volatilities of 2.47% 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

	SDY	TPHD	Difference
Volatility (1M) Calculated over the trailing 1-month period	2.47%	2.60%	-0.13%
Volatility (6M) Calculated over the trailing 6-month period	7.43%	7.35%	+0.08%
Volatility (1Y) Calculated over the trailing 1-year period	10.33%	10.48%	-0.15%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	14.03%	14.60%	-0.57%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	17.08%	19.63%	-2.55%

SDY vs. TPHD - Expense Ratio Comparison

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

Dividends

SDY vs. TPHD - Dividend Comparison

SDY's dividend yield for the trailing twelve months is around 2.48%, more than TPHD's 2.00% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
SDY SPDR S&P Dividend ETF	2.48%	2.61%	2.56%	2.64%	2.55%	2.63%	2.85%	2.45%	2.73%	4.69%	3.30%	6.20%
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 SDY and TPHD in my portfolio?

With a correlation of 0.91, SDY and TPHD move almost identically. Holding both adds very little diversification - you're essentially doubling your position in the same market segment. Choosing one is usually more capital-efficient.

Which is riskier, SDY or TPHD?

TPHD has higher volatility (2.60%) compared to SDY (2.47%). In terms of maximum drawdown, SDY dropped -54.75% vs TPHD's -41.71%.

Which ETF is better, SDY or TPHD?

On 5-year performance, TPHD leads with 8.52% vs 5.97% for SDY. On fees, SDY is cheaper at 0.35% per year. On volatility, SDY has been the lower-risk option at 2.47%. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF has performed better, SDY or TPHD?

Over the 5-year period, TPHD has performed better with a 8.52% return vs 5.97%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, SDY or TPHD?

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

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

SDY has the higher dividend yield at 2.48%, compared with 2.00% for TPHD.

What is the main difference between SDY and TPHD?

SDY tracks S&P High Yield Dividend Aristocrats Index, while TPHD tracks Victory US Large Cap High Dividend Volatility Weighted BRI Index. They also come from different issuers: State Street and Timothy Plan. Their fees differ too: 0.35% for SDY and 0.52% for TPHD.

Which has better risk-adjusted returns?

TPHD currently has the higher Sharpe Ratio (1.27 vs 1.25), 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.