TPDAX vs. FHLKX

Last updated Jun 23, 2026

TPDAX (Timothy Plan Defensive Strategies Fund) and FHLKX (Fidelity Health Savings Fund Class K) are both Diversified Portfolio funds. Over the past 5 years, TPDAX returned 8.56%/yr vs 4.46%/yr for FHLKX. A 0.66 correlation means they provide meaningful diversification when combined. TPDAX charges 1.37%/yr vs 0.37%/yr for FHLKX.

Performance

TPDAX vs. FHLKX - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Timothy Plan Defensive Strategies Fund (TPDAX) and Fidelity Health Savings Fund Class K (FHLKX). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

The year-to-date returns for both stocks are quite close, with TPDAX having a 7.48% return and FHLKX slightly lower at 7.13%.

TPDAX

• 1D: -0.60%
• 1M: -3.70%
• YTD: 7.48%
• 6M: 6.67%
• 1Y: 20.18%
• 3Y*: 13.67%
• 5Y*: 8.56%
• 10Y*: 6.71%

FHLKX

• 1D: 0.68%
• 1M: 1.17%
• YTD: 7.13%
• 6M: 7.30%
• 1Y: 14.90%
• 3Y*: 10.22%
• 5Y*: 4.46%
• 10Y*: —

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

TPDAX vs. FHLKX - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020
TPDAX Timothy Plan Defensive Strategies Fund	7.48%	23.97%	5.29%	7.71%	-5.63%	12.15%	10.72%
FHLKX Fidelity Health Savings Fund Class K	7.13%	12.17%	7.06%	9.82%	-14.79%	5.50%	10.70%

Correlation

The correlation between TPDAX and FHLKX is 0.53, 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	0.53
Correlation (3Y) Calculated over the trailing 3-year period	0.58
Correlation (5Y) Calculated over the trailing 5-year period	0.63
Correlation (All Time) Calculated using the full available price history since Mar 6, 2020	0.66

The correlation between TPDAX and FHLKX shifts across timeframes, from 0.53 (1 year) to 0.66 (all time), reflecting how their relationship changes across market environments.

Return for Risk

TPDAX vs. FHLKX — Risk / Return Rank

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

TPDAX

TPDAX Risk / Return Rank: 42
TPDAX Sharpe Ratio Rank: 41
TPDAX Sortino Ratio Rank: 34
TPDAX Omega Ratio Rank: 41
TPDAX Calmar Ratio Rank: 53
TPDAX Martin Ratio Rank: 39

FHLKX

FHLKX Risk / Return Rank: 79
FHLKX Sharpe Ratio Rank: 78
FHLKX Sortino Ratio Rank: 78
FHLKX Omega Ratio Rank: 80
FHLKX Calmar Ratio Rank: 78
FHLKX Martin Ratio Rank: 83

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.

TPDAX vs. FHLKX - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Timothy Plan Defensive Strategies Fund (TPDAX) and Fidelity Health Savings Fund Class K (FHLKX). 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.

	TPDAX	FHLKX	Difference
Sharpe ratio: Return per unit of total volatility	1.74	2.38	-0.63
Sortino ratio: Return per unit of downside risk	2.27	3.38	-1.11
Omega ratio: Gain probability vs. loss probability	1.32	1.48	-0.16
Calmar ratio: Return relative to maximum drawdown	2.65	3.36	-0.70
Martin ratio: Return relative to average drawdown	8.11	14.39	-6.28

TPDAX vs. FHLKX - Sharpe Ratio Comparison

The current TPDAX Sharpe Ratio is 1.74, which is comparable to the FHLKX Sharpe Ratio of 2.38. The chart below compares the historical Sharpe Ratios of TPDAX and FHLKX, 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

TPDAX vs. FHLKX - Drawdown Comparison

The maximum TPDAX drawdown since its inception was -22.29%, which is greater than FHLKX's maximum drawdown of -19.09%. Use the drawdown chart below to compare losses from any high point for TPDAX and FHLKX.

Drawdown Indicators

	TPDAX	FHLKX	Difference
Max Drawdown Largest peak-to-trough decline	-22.29%	-19.09%	-3.20%
Max Drawdown (1Y) Largest decline over 1 year	-7.58%	-4.42%	-3.16%
Max Drawdown (3Y) Largest decline over 3 years	-7.58%	-6.64%	-0.94%
Max Drawdown (5Y) Largest decline over 5 years	-17.58%	-19.09%	+1.51%
Max Drawdown (10Y) Largest decline over 10 years	-22.29%	—	—
Current Drawdown Current decline from peak	-6.56%	-0.12%	-6.44%
Average Drawdown Average peak-to-trough decline	-4.92%	-4.79%	-0.13%
Ulcer Index Depth and duration of drawdowns from previous peaks	2.47%	1.03%	+1.44%

Volatility

TPDAX vs. FHLKX - Volatility Comparison

Timothy Plan Defensive Strategies Fund (TPDAX) has a higher volatility of 3.41% compared to Fidelity Health Savings Fund Class K (FHLKX) at 2.65%. This indicates that TPDAX's price experiences larger fluctuations and is considered to be riskier than FHLKX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	TPDAX	FHLKX	Difference
Volatility (1M) Calculated over the trailing 1-month period	3.41%	2.65%	+0.76%
Volatility (6M) Calculated over the trailing 6-month period	9.89%	5.36%	+4.53%
Volatility (1Y) Calculated over the trailing 1-year period	11.53%	6.25%	+5.28%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	10.22%	6.82%	+3.40%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	9.93%	7.31%	+2.62%

TPDAX vs. FHLKX - Expense Ratio Comparison

TPDAX has a 1.37% expense ratio, which is higher than FHLKX's 0.37% expense ratio.

Dividends

TPDAX vs. FHLKX - Dividend Comparison

TPDAX's dividend yield for the trailing twelve months is around 0.75%, less than FHLKX's 2.88% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016
FHLKX Fidelity Health Savings Fund Class K	2.88%	3.05%	3.01%	2.88%	3.85%	2.84%	1.73%	0.00%	0.00%	0.00%	0.00%
TPDAX Timothy Plan Defensive Strategies Fund	0.75%	0.80%	2.76%	2.35%	4.48%	0.50%	0.00%	2.89%	2.69%	0.13%	0.33%

Frequently Asked Questions

Can I hold both TPDAX and FHLKX in my portfolio?

TPDAX and FHLKX have a correlation of 0.53, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, TPDAX or FHLKX?

TPDAX has higher volatility (3.41%) compared to FHLKX (2.65%). In terms of maximum drawdown, TPDAX dropped -22.29% vs FHLKX's -19.09%.

Which has better risk-adjusted returns?

FHLKX currently has the higher Sharpe Ratio (2.38 vs 1.74), 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.