TFIAX vs. TCGAX

Last updated Jun 23, 2026

TFIAX (Timothy Plan Fixed Income Fund) and TCGAX (Timothy Plan Conservative Growth Fund) are both mutual funds - TFIAX is a Intermediate Core Bond fund managed by Timothy Plan, while TCGAX is a Diversified Portfolio fund managed by Timothy Plan. Over the past 10 years, TFIAX returned 0.65%/yr vs 4.15%/yr for TCGAX. At a correlation of -0.01, they often move in opposite directions. TFIAX charges 1.34%/yr vs 1.04%/yr for TCGAX.

Performance

TFIAX vs. TCGAX - Performance Comparison

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

Returns By Period

In the year-to-date period, TFIAX achieves a 0.41% return, which is significantly lower than TCGAX's 5.25% return. Over the past 10 years, TFIAX has underperformed TCGAX with an annualized return of 0.65%, while TCGAX has yielded a comparatively higher 4.15% annualized return.

TFIAX

• 1D: 0.00%
• 1M: 0.99%
• YTD: 0.41%
• 6M: 0.74%
• 1Y: 4.34%
• 3Y*: 3.32%
• 5Y*: -0.41%
• 10Y*: 0.65%

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%

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

TFIAX vs. TCGAX - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
TFIAX Timothy Plan Fixed Income Fund	0.41%	6.41%	0.12%	4.85%	-12.11%	-2.45%	5.24%	6.14%	-0.67%	1.72%
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%

Correlation

The correlation between TFIAX and TCGAX is 0.51, 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	0.51
Correlation (3Y) Calculated over the trailing 3-year period	0.47
Correlation (5Y) Calculated over the trailing 5-year period	0.40
Correlation (10Y) Calculated over the trailing 10-year period	0.21
Correlation (All Time) Calculated using the full available price history since Oct 17, 2000	-0.01

The correlation between TFIAX and TCGAX shifts across timeframes, from -0.01 (all time) to 0.51 (1 year), reflecting how their relationship changes across market environments.

Return for Risk

TFIAX vs. TCGAX — Risk / Return Rank

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

TFIAX

TFIAX Risk / Return Rank: 20
TFIAX Sharpe Ratio Rank: 20
TFIAX Sortino Ratio Rank: 21
TFIAX Omega Ratio Rank: 21
TFIAX Calmar Ratio Rank: 20
TFIAX Martin Ratio Rank: 18

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

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.

TFIAX vs. TCGAX - Risk-Adjusted Trends Comparison

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

	TFIAX	TCGAX	Difference
Sharpe ratio: Return per unit of total volatility	1.21	1.55	-0.34
Sortino ratio: Return per unit of downside risk	1.82	2.25	-0.43
Omega ratio: Gain probability vs. loss probability	1.22	1.28	-0.06
Calmar ratio: Return relative to maximum drawdown	1.54	2.07	-0.53
Martin ratio: Return relative to average drawdown	4.43	7.66	-3.23

TFIAX vs. TCGAX - Sharpe Ratio Comparison

The current TFIAX Sharpe Ratio is 1.21, which is comparable to the TCGAX Sharpe Ratio of 1.55. The chart below compares the historical Sharpe Ratios of TFIAX and TCGAX, 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

TFIAX vs. TCGAX - Drawdown Comparison

The maximum TFIAX drawdown since its inception was -18.62%, smaller than the maximum TCGAX drawdown of -40.54%. Use the drawdown chart below to compare losses from any high point for TFIAX and TCGAX.

Drawdown Indicators

	TFIAX	TCGAX	Difference
Max Drawdown Largest peak-to-trough decline	-18.62%	-40.54%	+21.92%
Max Drawdown (1Y) Largest decline over 1 year	-2.91%	-5.57%	+2.66%
Max Drawdown (3Y) Largest decline over 3 years	-6.49%	-7.75%	+1.26%
Max Drawdown (5Y) Largest decline over 5 years	-17.30%	-17.77%	+0.47%
Max Drawdown (10Y) Largest decline over 10 years	-18.62%	-20.35%	+1.73%
Current Drawdown Current decline from peak	-4.65%	-0.43%	-4.22%
Average Drawdown Average peak-to-trough decline	-2.92%	-6.27%	+3.35%
Ulcer Index Depth and duration of drawdowns from previous peaks	1.01%	1.50%	-0.49%

Volatility

TFIAX vs. TCGAX - Volatility Comparison

The current volatility for Timothy Plan Fixed Income Fund (TFIAX) is 1.04%, while Timothy Plan Conservative Growth Fund (TCGAX) has a volatility of 2.59%. This indicates that TFIAX experiences smaller price fluctuations and is considered to be less risky than TCGAX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	TFIAX	TCGAX	Difference
Volatility (1M) Calculated over the trailing 1-month period	1.04%	2.59%	-1.55%
Volatility (6M) Calculated over the trailing 6-month period	2.70%	5.82%	-3.12%
Volatility (1Y) Calculated over the trailing 1-year period	3.71%	7.45%	-3.74%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	5.65%	7.82%	-2.17%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	4.46%	8.36%	-3.90%

TFIAX vs. TCGAX - Expense Ratio Comparison

TFIAX has a 1.34% expense ratio, which is higher than TCGAX's 1.04% expense ratio.

Dividends

TFIAX vs. TCGAX - Dividend Comparison

TFIAX's dividend yield for the trailing twelve months is around 3.04%, more than TCGAX's 1.09% 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%
TFIAX Timothy Plan Fixed Income Fund	3.04%	3.00%	3.04%	2.48%	1.28%	0.84%	1.21%	1.60%	1.92%	1.62%	1.75%	2.03%

Frequently Asked Questions

Can I hold both TFIAX and TCGAX in my portfolio?

TFIAX and TCGAX have a correlation of 0.51, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, TFIAX or TCGAX?

TCGAX has higher volatility (2.59%) compared to TFIAX (1.04%). In terms of maximum drawdown, TFIAX dropped -18.62% vs TCGAX's -40.54%.

Which has better risk-adjusted returns?

TCGAX currently has the higher Sharpe Ratio (1.55 vs 1.21), 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.