SMILX vs. TPDAX

Last updated Jun 4, 2026

SMILX (SMI Multi-Strategy Fund) and TPDAX (Timothy Plan Defensive Strategies Fund) are both Diversified Portfolio funds. Over the past 10 years, SMILX returned 6.92%/yr vs 7.18%/yr for TPDAX. A 0.67 correlation means they provide meaningful diversification when combined. SMILX charges 1.15%/yr vs 1.37%/yr for TPDAX.

Performance

SMILX vs. TPDAX - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in SMI Multi-Strategy Fund (SMILX) and Timothy Plan Defensive Strategies Fund (TPDAX). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, SMILX achieves a 14.81% return, which is significantly higher than TPDAX's 10.96% return. Both investments have delivered pretty close results over the past 10 years, with SMILX having a 6.92% annualized return and TPDAX not far ahead at 7.18%.

SMILX

• 1D: 0.73%
• 1M: 4.91%
• YTD: 14.81%
• 6M: 15.34%
• 1Y: 27.37%
• 3Y*: 15.00%
• 5Y*: 7.09%
• 10Y*: 6.92%

TPDAX

• 1D: 0.48%
• 1M: -0.42%
• YTD: 10.96%
• 6M: 11.99%
• 1Y: 25.38%
• 3Y*: 15.44%
• 5Y*: 8.65%
• 10Y*: 7.18%

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

SMILX vs. TPDAX - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
SMILX SMI Multi-Strategy Fund	14.81%	13.97%	13.23%	6.59%	-11.85%	9.72%	17.35%	12.77%	-10.36%	9.51%
TPDAX Timothy Plan Defensive Strategies Fund	10.96%	23.97%	5.29%	7.71%	-5.63%	12.15%	8.83%	13.77%	-7.24%	4.14%

Correlation

The correlation between SMILX and TPDAX is 0.62, 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	0.62
Correlation (3Y) Calculated over the trailing 3-year period	0.59
Correlation (5Y) Calculated over the trailing 5-year period	0.68
Correlation (10Y) Calculated over the trailing 10-year period	0.67
Correlation (All Time) Calculated using the full available price history since Jan 3, 2011	0.67

The correlation between SMILX and TPDAX has been stable across timeframes, ranging from 0.59 to 0.68 - a consistent structural relationship.

Return for Risk

SMILX vs. TPDAX — Risk / Return Rank

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

SMILX

SMILX Risk / Return Rank: 64
SMILX Sharpe Ratio Rank: 61
SMILX Sortino Ratio Rank: 53
SMILX Omega Ratio Rank: 58
SMILX Calmar Ratio Rank: 75
SMILX Martin Ratio Rank: 73

TPDAX

TPDAX Risk / Return Rank: 59
TPDAX Sharpe Ratio Rank: 60
TPDAX Sortino Ratio Rank: 48
TPDAX Omega Ratio Rank: 59
TPDAX Calmar Ratio Rank: 73
TPDAX Martin Ratio Rank: 58

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.

SMILX vs. TPDAX - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for SMI Multi-Strategy Fund (SMILX) and Timothy Plan Defensive Strategies Fund (TPDAX). 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.

	SMILX	TPDAX	Difference
Sharpe ratio: Return per unit of total volatility	2.31	2.28	+0.03
Sortino ratio: Return per unit of downside risk	3.09	2.92	+0.17
Omega ratio: Gain probability vs. loss probability	1.42	1.43	0.00
Calmar ratio: Return relative to maximum drawdown	3.42	3.34	+0.08
Martin ratio: Return relative to average drawdown	13.87	11.51	+2.36
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

SMILX vs. TPDAX - Sharpe Ratio Comparison

The current SMILX Sharpe Ratio is 2.31, which is comparable to the TPDAX Sharpe Ratio of 2.28. The chart below compares the historical Sharpe Ratios of SMILX and TPDAX, 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

	SMILX	TPDAX	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	2.31	2.28	+0.03
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	0.43	0.85	-0.43
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	0.48	0.73	-0.25
Sharpe Ratio (All Time) Calculated using the full available price history	0.40	0.60	-0.20

Drawdowns

SMILX vs. TPDAX - Drawdown Comparison

The maximum SMILX drawdown since its inception was -29.75%, which is greater than TPDAX's maximum drawdown of -22.29%. Use the drawdown chart below to compare losses from any high point for SMILX and TPDAX.

Drawdown Indicators

	SMILX	TPDAX	Difference
Max Drawdown Largest peak-to-trough decline	-29.75%	-22.29%	-7.46%
Max Drawdown (1Y) Largest decline over 1 year	-8.14%	-7.58%	-0.56%
Max Drawdown (3Y) Largest decline over 3 years	-15.09%	-7.58%	-7.51%
Max Drawdown (5Y) Largest decline over 5 years	-29.75%	-17.58%	-12.17%
Max Drawdown (10Y) Largest decline over 10 years	-29.75%	-22.29%	-7.46%
Current Drawdown Current decline from peak	0.00%	-3.53%	+3.53%
Average Drawdown Average peak-to-trough decline	-9.12%	-4.92%	-4.20%
Ulcer Index Depth and duration of drawdowns from previous peaks	2.01%	2.20%	-0.19%

Volatility

SMILX vs. TPDAX - Volatility Comparison

SMI Multi-Strategy Fund (SMILX) has a higher volatility of 3.63% compared to Timothy Plan Defensive Strategies Fund (TPDAX) at 2.91%. This indicates that SMILX's price experiences larger fluctuations and is considered to be riskier than TPDAX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	SMILX	TPDAX	Difference
Volatility (1M) Calculated over the trailing 1-month period	3.63%	2.91%	+0.72%
Volatility (6M) Calculated over the trailing 6-month period	9.87%	9.47%	+0.40%
Volatility (1Y) Calculated over the trailing 1-year period	12.11%	11.17%	+0.94%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	16.73%	10.18%	+6.55%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	14.61%	9.90%	+4.71%

SMILX vs. TPDAX - Expense Ratio Comparison

SMILX has a 1.15% expense ratio, which is lower than TPDAX's 1.37% expense ratio.

Dividends

SMILX vs. TPDAX - Dividend Comparison

SMILX's dividend yield for the trailing twelve months is around 7.25%, more than TPDAX's 0.72% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
SMILX SMI Multi-Strategy Fund	7.25%	8.33%	6.24%	0.83%	0.36%	19.10%	0.33%	0.45%	3.55%	1.20%	0.89%	3.24%
TPDAX Timothy Plan Defensive Strategies Fund	0.72%	0.80%	2.76%	2.35%	4.48%	0.50%	0.00%	2.89%	2.69%	0.13%	0.33%	0.00%

Frequently Asked Questions

Can I hold both SMILX and TPDAX in my portfolio?

SMILX and TPDAX have a correlation of 0.62, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, SMILX or TPDAX?

SMILX has higher volatility (3.63%) compared to TPDAX (2.91%). In terms of maximum drawdown, SMILX dropped -29.75% vs TPDAX's -22.29%.

Which has better risk-adjusted returns?

SMILX currently has the higher Sharpe Ratio (2.31 vs 2.28), 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.