TLVAX vs. TPHD

Last updated Jun 24, 2026

TLVAX (Timothy Plan Large/Mid Cap Value Fund) and TPHD (Timothy Plan High Dividend Stock ETF) are both funds - TLVAX is a Mid Cap Blend Equities fund managed by Timothy Plan, while TPHD is a Mid Cap Value Equities fund tracking the Victory US Large Cap High Dividend Volatility Weighted BRI Index. Over the past 5 years, TLVAX returned 9.98%/yr vs 9.49%/yr for TPHD. Their correlation of 0.87 suggests significant overlap in exposure. TLVAX charges 1.58%/yr vs 0.52%/yr for TPHD.

Performance

TLVAX vs. TPHD - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Timothy Plan Large/Mid Cap Value Fund (TLVAX) 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, TLVAX achieves a 8.25% return, which is significantly lower than TPHD's 9.67% 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%

TPHD

• 1D: 0.29%
• 1M: 0.27%
• YTD: 9.67%
• 6M: 9.11%
• 1Y: 13.64%
• 3Y*: 13.44%
• 5Y*: 9.49%
• 10Y*: —

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

TLVAX vs. TPHD - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019
TLVAX Timothy Plan Large/Mid Cap Value Fund	8.25%	4.80%	23.59%	13.21%	-11.70%	26.86%	13.07%	7.68%
TPHD Timothy Plan High Dividend Stock ETF	9.67%	8.28%	12.14%	8.86%	-1.91%	27.98%	-1.30%	9.57%

Correlation

The correlation between TLVAX and TPHD is 0.81, 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	0.81
Correlation (3Y) Calculated over the trailing 3-year period	0.82
Correlation (5Y) Calculated over the trailing 5-year period	0.86
Correlation (All Time) Calculated using the full available price history since May 1, 2019	0.87

The correlation between TLVAX and TPHD has been stable across timeframes, ranging from 0.81 to 0.87 - a consistent structural relationship.

Return for Risk

TLVAX vs. TPHD — Risk / Return Rank

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

TLVAX

TLVAX Risk / Return Rank: 14
TLVAX Sharpe Ratio Rank: 12
TLVAX Sortino Ratio Rank: 13
TLVAX Omega Ratio Rank: 11
TLVAX Calmar Ratio Rank: 18
TLVAX Martin Ratio Rank: 17

TPHD

TPHD Risk / Return Rank: 40
TPHD Sharpe Ratio Rank: 38
TPHD Sortino Ratio Rank: 40
TPHD Omega Ratio Rank: 36
TPHD Calmar Ratio Rank: 48
TPHD Martin Ratio Rank: 41

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. TPHD - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Timothy Plan Large/Mid Cap Value Fund (TLVAX) 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.

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.

	TLVAX	TPHD	Difference
Sharpe ratio: Return per unit of total volatility	0.90	1.29	-0.39
Sortino ratio: Return per unit of downside risk	1.37	1.94	-0.57
Omega ratio: Gain probability vs. loss probability	1.16	1.23	-0.07
Calmar ratio: Return relative to maximum drawdown	1.43	2.25	-0.83
Martin ratio: Return relative to average drawdown	4.19	6.21	-2.03

TLVAX vs. TPHD - Sharpe Ratio Comparison

The current TLVAX Sharpe Ratio is 0.90, which is lower than the TPHD Sharpe Ratio of 1.29. The chart below compares the historical Sharpe Ratios of TLVAX 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.

Drawdowns

TLVAX vs. TPHD - Drawdown Comparison

The maximum TLVAX drawdown since its inception was -55.23%, which is greater than TPHD's maximum drawdown of -41.71%. Use the drawdown chart below to compare losses from any high point for TLVAX and TPHD.

Drawdown Indicators

	TLVAX	TPHD	Difference
Max Drawdown Largest peak-to-trough decline	-55.23%	-41.71%	-13.52%
Max Drawdown (1Y) Largest decline over 1 year	-7.46%	-6.08%	-1.38%
Max Drawdown (3Y) Largest decline over 3 years	-14.96%	-15.89%	+0.93%
Max Drawdown (5Y) Largest decline over 5 years	-20.69%	-16.54%	-4.15%
Max Drawdown (10Y) Largest decline over 10 years	-37.34%	—	—
Current Drawdown Current decline from peak	-1.63%	-2.26%	+0.63%
Average Drawdown Average peak-to-trough decline	-8.21%	-4.71%	-3.50%
Ulcer Index Depth and duration of drawdowns from previous peaks	2.54%	2.20%	+0.34%

Volatility

TLVAX vs. TPHD - Volatility Comparison

Timothy Plan Large/Mid Cap Value Fund (TLVAX) has a higher volatility of 3.89% compared to Timothy Plan High Dividend Stock ETF (TPHD) at 3.01%. This indicates that TLVAX's price experiences larger fluctuations and is considered to be riskier than TPHD based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	TLVAX	TPHD	Difference
Volatility (1M) Calculated over the trailing 1-month period	3.89%	3.01%	+0.88%
Volatility (6M) Calculated over the trailing 6-month period	8.98%	7.42%	+1.56%
Volatility (1Y) Calculated over the trailing 1-year period	11.83%	10.63%	+1.20%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	16.12%	14.58%	+1.54%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	17.37%	19.58%	-2.21%

TLVAX vs. TPHD - Expense Ratio Comparison

TLVAX has a 1.58% expense ratio, which is higher than TPHD's 0.52% expense ratio.

Dividends

TLVAX vs. TPHD - Dividend Comparison

TLVAX's dividend yield for the trailing twelve months is around 8.47%, more than TPHD's 2.01% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
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%
TPHD Timothy Plan High Dividend Stock ETF	2.01%	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 TLVAX and TPHD in my portfolio?

TLVAX and TPHD have a correlation of 0.81, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, TLVAX or TPHD?

TLVAX has higher volatility (3.89%) compared to TPHD (3.01%). In terms of maximum drawdown, TLVAX dropped -55.23% vs TPHD's -41.71%.

Which has better risk-adjusted returns?

TPHD currently has the higher Sharpe Ratio (1.29 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.