TCGAX vs. TSGAX

Last updated Jun 23, 2026

TCGAX (Timothy Plan Conservative Growth Fund) and TSGAX (Timothy Plan Strategic Growth Fund) are both Diversified Portfolio funds from Timothy Plan. Over the past 10 years, TCGAX returned 4.15%/yr vs 5.60%/yr for TSGAX. Their correlation of 0.91 suggests significant overlap in exposure. TCGAX charges 1.04%/yr vs 1.09%/yr for TSGAX.

Performance

TCGAX vs. TSGAX - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Timothy Plan Conservative Growth Fund (TCGAX) and Timothy Plan Strategic Growth Fund (TSGAX). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, TCGAX achieves a 5.25% return, which is significantly lower than TSGAX's 7.80% return. Over the past 10 years, TCGAX has underperformed TSGAX with an annualized return of 4.15%, while TSGAX has yielded a comparatively higher 5.60% annualized return.

TCGAX

• 1D: 0.43%
• 1M: 1.04%
• YTD: 5.25%
• 6M: 4.87%
• 1Y: 11.70%
• 3Y*: 8.06%
• 5Y*: 3.10%
• 10Y*: 4.15%

TSGAX

• 1D: 0.70%
• 1M: 1.77%
• YTD: 7.80%
• 6M: 7.20%
• 1Y: 15.22%
• 3Y*: 10.38%
• 5Y*: 4.68%
• 10Y*: 5.60%

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

TCGAX vs. TSGAX - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
TCGAX Timothy Plan Conservative Growth Fund	5.25%	10.54%	4.29%	6.59%	-12.86%	7.61%	7.71%	14.78%	-9.25%	8.29%
TSGAX Timothy Plan Strategic Growth Fund	7.80%	12.94%	6.01%	7.66%	-13.69%	11.67%	8.13%	18.84%	-12.29%	11.54%

Correlation

The correlation between TCGAX and TSGAX is 0.98 - these two move nearly in lockstep. At this level, holding both provides almost no diversification benefit. If you already own one, adding the other does little to reduce portfolio risk.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.98
Correlation (3Y) Calculated over the trailing 3-year period	0.98
Correlation (5Y) Calculated over the trailing 5-year period	0.98
Correlation (10Y) Calculated over the trailing 10-year period	0.98
Correlation (All Time) Calculated using the full available price history since Oct 17, 2000	0.91

The correlation between TCGAX and TSGAX has been stable across timeframes, ranging from 0.91 to 0.98 - a consistent structural relationship.

Return for Risk

TCGAX vs. TSGAX — Risk / Return Rank

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

TCGAX

TCGAX Risk / Return Rank: 34
TCGAX Sharpe Ratio Rank: 33
TCGAX Sortino Ratio Rank: 34
TCGAX Omega Ratio Rank: 32
TCGAX Calmar Ratio Rank: 34
TCGAX Martin Ratio Rank: 37

TSGAX

TSGAX Risk / Return Rank: 37
TSGAX Sharpe Ratio Rank: 35
TSGAX Sortino Ratio Rank: 36
TSGAX Omega Ratio Rank: 34
TSGAX Calmar Ratio Rank: 38
TSGAX Martin Ratio Rank: 42

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.

TCGAX vs. TSGAX - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Timothy Plan Conservative Growth Fund (TCGAX) and Timothy Plan Strategic Growth Fund (TSGAX). 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.

	TCGAX	TSGAX	Difference
Sharpe ratio: Return per unit of total volatility	1.55	1.58	-0.03
Sortino ratio: Return per unit of downside risk	2.25	2.31	-0.06
Omega ratio: Gain probability vs. loss probability	1.28	1.29	0.00
Calmar ratio: Return relative to maximum drawdown	2.07	2.23	-0.16
Martin ratio: Return relative to average drawdown	7.66	8.56	-0.90

TCGAX vs. TSGAX - Sharpe Ratio Comparison

The current TCGAX Sharpe Ratio is 1.55, which is comparable to the TSGAX Sharpe Ratio of 1.58. The chart below compares the historical Sharpe Ratios of TCGAX and TSGAX, 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

TCGAX vs. TSGAX - Drawdown Comparison

The maximum TCGAX drawdown since its inception was -40.54%, smaller than the maximum TSGAX drawdown of -54.36%. Use the drawdown chart below to compare losses from any high point for TCGAX and TSGAX.

Drawdown Indicators

	TCGAX	TSGAX	Difference
Max Drawdown Largest peak-to-trough decline	-40.54%	-54.36%	+13.82%
Max Drawdown (1Y) Largest decline over 1 year	-5.57%	-6.75%	+1.18%
Max Drawdown (3Y) Largest decline over 3 years	-7.75%	-10.10%	+2.35%
Max Drawdown (5Y) Largest decline over 5 years	-17.77%	-19.78%	+2.01%
Max Drawdown (10Y) Largest decline over 10 years	-20.35%	-27.47%	+7.12%
Current Drawdown Current decline from peak	-0.43%	0.00%	-0.43%
Average Drawdown Average peak-to-trough decline	-6.27%	-11.64%	+5.37%
Ulcer Index Depth and duration of drawdowns from previous peaks	1.50%	1.76%	-0.26%

Volatility

TCGAX vs. TSGAX - Volatility Comparison

The current volatility for Timothy Plan Conservative Growth Fund (TCGAX) is 2.59%, while Timothy Plan Strategic Growth Fund (TSGAX) has a volatility of 3.48%. This indicates that TCGAX experiences smaller price fluctuations and is considered to be less risky than TSGAX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	TCGAX	TSGAX	Difference
Volatility (1M) Calculated over the trailing 1-month period	2.59%	3.48%	-0.89%
Volatility (6M) Calculated over the trailing 6-month period	5.82%	7.53%	-1.71%
Volatility (1Y) Calculated over the trailing 1-year period	7.45%	9.52%	-2.07%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	7.82%	10.26%	-2.44%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	8.36%	11.36%	-3.00%

TCGAX vs. TSGAX - Expense Ratio Comparison

TCGAX has a 1.04% expense ratio, which is lower than TSGAX's 1.09% expense ratio.

Dividends

TCGAX vs. TSGAX - Dividend Comparison

TCGAX's dividend yield for the trailing twelve months is around 1.09%, which matches TSGAX's 1.08% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
TCGAX Timothy Plan Conservative Growth Fund	1.09%	1.14%	3.45%	1.65%	5.35%	4.01%	2.56%	3.64%	2.47%	0.31%	0.00%	7.45%
TSGAX Timothy Plan Strategic Growth Fund	1.08%	1.17%	3.33%	1.57%	7.33%	4.70%	3.40%	3.72%	0.36%	0.00%	0.00%	0.34%

Frequently Asked Questions

Can I hold both TCGAX and TSGAX in my portfolio?

With a correlation of 0.98, TCGAX and TSGAX 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, TCGAX or TSGAX?

TSGAX has higher volatility (3.48%) compared to TCGAX (2.59%). In terms of maximum drawdown, TCGAX dropped -40.54% vs TSGAX's -54.36%.

Which has better risk-adjusted returns?

TSGAX currently has the higher Sharpe Ratio (1.58 vs 1.55), 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.