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TLVAX vs. TBUX
Performance
Return for Risk
Drawdowns
Volatility
Dividends

TLVAX vs. TBUX

Last updated Jun 24, 2026

TLVAX (Timothy Plan Large/Mid Cap Value Fund) and TBUX (T. Rowe Price Ultra Short-Term Bond ETF) are both funds - TLVAX is a Mid Cap Blend Equities fund managed by Timothy Plan, while TBUX is a Ultrashort Bond fund actively managed by T. Rowe Price. Over the past 3 years, TLVAX returned 14.63%/yr vs 5.83%/yr for TBUX. At a 0.11 correlation, their price movements are largely independent. TLVAX charges 1.58%/yr vs 0.17%/yr for TBUX.

Performance

TLVAX vs. TBUX - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Timothy Plan Large/Mid Cap Value Fund (TLVAX) and T. Rowe Price Ultra Short-Term Bond ETF (TBUX). The values are adjusted to include any dividend payments, if applicable.

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Returns By Period

In the year-to-date period, TLVAX achieves a 8.25% return, which is significantly higher than TBUX's 1.83% return.

TLVAX

1D
0.21%
1M
0.13%
YTD
8.25%
6M
7.26%
1Y
9.89%
3Y*
14.63%
5Y*
9.98%
10Y*
11.27%

TBUX

1D
0.04%
1M
0.31%
YTD
1.83%
6M
2.00%
1Y
4.62%
3Y*
5.83%
5Y*
—
10Y*
—
*Multi-year figures are annualized to reflect compound growth (CAGR)

TLVAX vs. TBUX - Yearly Performance Comparison

2026 (YTD)20252024202320222021
TLVAX
Timothy Plan Large/Mid Cap Value Fund		8.25%4.80%23.59%13.21%-11.70%11.49%
TBUX
T. Rowe Price Ultra Short-Term Bond ETF		1.83%5.37%6.38%6.39%-0.13%-0.25%

Correlation

The correlation between TLVAX and TBUX is 0.19, which is low. Their price movements are largely independent, making them effective diversification partners.

Correlation
Correlation (1Y)
Calculated over the trailing 1-year period

0.19

Correlation (3Y)
Calculated over the trailing 3-year period

0.11

Correlation (All Time)
Calculated using the full available price history since Sep 29, 2021

0.11

Compare stocks, funds, or ETFs

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Timothy Plan Large/Mid Cap Value Fund

T. Rowe Price Ultra Short-Term Bond ETF

Often compared with TLVAX:
TLVAX vs. TLGAXTLVAX vs. ETIMXTLVAX vs. BIBLTLVAX vs. VTITLVAX vs. TLLIXTLVAX vs. ETIDXTLVAX vs. TPHD
Often compared with TBUX:
TBUX vs. USTBTBUX vs. PULSTBUX vs. CSHITBUX vs. BINCTBUX vs. NEARTBUX vs. PAAATBUX vs. TRBFX

Return for Risk

TLVAX vs. TBUX — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.
TLVAX
TLVAX Risk / Return Rank: 1414
Overall Rank
TLVAX Sharpe Ratio Rank: 1212
Sharpe Ratio Rank
TLVAX Sortino Ratio Rank: 1313
Sortino Ratio Rank
TLVAX Omega Ratio Rank: 1111
Omega Ratio Rank
TLVAX Calmar Ratio Rank: 1818
Calmar Ratio Rank
TLVAX Martin Ratio Rank: 1717
Martin Ratio Rank
TBUX
TBUX Risk / Return Rank: 9999
Overall Rank
TBUX Sharpe Ratio Rank: 9999
Sharpe Ratio Rank
TBUX Sortino Ratio Rank: 9999
Sortino Ratio Rank
TBUX Omega Ratio Rank: 9999
Omega Ratio Rank
TBUX Calmar Ratio Rank: 9999
Calmar Ratio Rank
TBUX Martin Ratio Rank: 9999
Martin Ratio Rank
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.

TLVAX vs. TBUX - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Timothy Plan Large/Mid Cap Value Fund (TLVAX) and T. Rowe Price Ultra Short-Term Bond ETF (TBUX). 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.

TLVAXTBUXDifference
Sharpe ratioReturn per unit of total volatility
0.90
6.90

-6.00

Sortino ratioReturn per unit of downside risk
1.37
13.44

-12.08

Omega ratioGain probability vs. loss probability

1.16

2.96

-1.80

Calmar ratioReturn relative to maximum drawdown

1.43

46.27

-44.85

Martin ratioReturn relative to average drawdown

4.19

169.36

-165.17

TLVAX vs. TBUX - Sharpe Ratio Comparison

The current TLVAX Sharpe Ratio is 0.90, which is lower than the TBUX Sharpe Ratio of 6.90. The chart below compares the historical Sharpe Ratios of TLVAX and TBUX, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

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Drawdowns

TLVAX vs. TBUX - Drawdown Comparison

The maximum TLVAX drawdown since its inception was -55.23%, which is greater than TBUX's maximum drawdown of -1.82%. Use the drawdown chart below to compare losses from any high point for TLVAX and TBUX.

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Drawdown Indicators

TLVAXTBUXDifference

Max Drawdown

Largest peak-to-trough decline

-55.23%

-1.82%

-53.41%

Max Drawdown (1Y)

Largest decline over 1 year

-7.46%

-0.10%

-7.36%

Max Drawdown (3Y)

Largest decline over 3 years

-14.96%

-0.33%

-14.63%

Max Drawdown (5Y)

Largest decline over 5 years

-20.69%

—

—

Max Drawdown (10Y)

Largest decline over 10 years

-37.34%

—

—

Current Drawdown

Current decline from peak

-1.63%

-0.03%

-1.60%

Average Drawdown

Average peak-to-trough decline

-8.21%

-0.28%

-7.93%

Ulcer Index

Depth and duration of drawdowns from previous peaks

2.54%

0.03%

+2.51%

Volatility

TLVAX vs. TBUX - Volatility Comparison

Timothy Plan Large/Mid Cap Value Fund (TLVAX) has a higher volatility of 3.89% compared to T. Rowe Price Ultra Short-Term Bond ETF (TBUX) at 0.24%. This indicates that TLVAX's price experiences larger fluctuations and is considered to be riskier than TBUX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

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Volatility by Period

TLVAXTBUXDifference

Volatility (1M)

Calculated over the trailing 1-month period

3.89%

0.24%

+3.65%

Volatility (6M)

Calculated over the trailing 6-month period

8.98%

0.48%

+8.50%

Volatility (1Y)

Calculated over the trailing 1-year period

11.83%

0.67%

+11.16%

Volatility (5Y)

Calculated over the trailing 5-year period, annualized

16.12%

1.06%

+15.06%

Volatility (10Y)

Calculated over the trailing 10-year period, annualized

17.37%

1.06%

+16.31%

TLVAX vs. TBUX - Expense Ratio Comparison

TLVAX has a 1.58% expense ratio, which is higher than TBUX's 0.17% expense ratio.

Dividends

TLVAX vs. TBUX - Dividend Comparison

TLVAX's dividend yield for the trailing twelve months is around 8.47%, more than TBUX's 4.48% yield.

PositionTTM20252024202320222021202020192018201720162015
TBUX
T. Rowe Price Ultra Short-Term Bond ETF		4.48%4.67%5.39%4.66%2.58%0.27%0.00%0.00%0.00%0.00%0.00%0.00%
TLVAX
Timothy Plan Large/Mid Cap Value Fund		8.47%9.16%20.11%0.86%5.52%4.35%3.39%11.83%10.96%6.78%1.25%12.89%

Frequently Asked Questions

TLVAX and TBUX have a correlation of 0.19, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

TLVAX has higher volatility (3.89%) compared to TBUX (0.24%). In terms of maximum drawdown, TLVAX dropped -55.23% vs TBUX's -1.82%.

TBUX currently has the higher Sharpe Ratio (6.90 vs 0.90), 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.

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