TPDIX vs. PWDIX

Last updated Aug 1, 2026

TPDIX (Timothy Plan Defensive Strategies Fund Class I) and PWDIX (Donoghue Forlines Dividend Fund) are both Tactical Allocation funds. Over the past 10 years, TPDIX returned 6.77%/yr vs 5.84%/yr for PWDIX. Their 0.56 correlation means they have sometimes moved together and sometimes differently. TPDIX charges 1.09%/yr vs 1.56%/yr for PWDIX.

Performance

TPDIX vs. PWDIX - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Timothy Plan Defensive Strategies Fund Class I (TPDIX) and Donoghue Forlines Dividend Fund (PWDIX). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, TPDIX achieves a 8.48% return, which is significantly lower than PWDIX's 18.09% return. Over the past 10 years, TPDIX has outperformed PWDIX with an annualized return of 6.77%, while PWDIX has yielded a comparatively lower 5.84% annualized return.

TPDIX

• 1D: 0.38%
• 1M: 1.26%
• 6M: 0.99%
• YTD: 8.48%
• 1Y: 22.04%
• 3Y*: 13.52%
• 5Y*: 8.45%
• 10Y*: 6.77%
• ALL TIME*: 5.70%

PWDIX

• 1D: -0.88%
• 1M: 3.24%
• 6M: 11.32%
• YTD: 18.09%
• 1Y: 28.79%
• 3Y*: 15.77%
• 5Y*: 8.60%
• 10Y*: 5.84%
• ALL TIME*: 6.21%

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

Liquidity Comparison

Position	Avg. Volume Value (2W)	Avg. Volume Value (1M)	Avg. Volume Value (3M)
PWDIX Donoghue Forlines Dividend Fund	$0.00	$0.00	$0.00
TPDIX Timothy Plan Defensive Strategies Fund Class I	$0.00	$0.00	$0.00

TPDIX vs. PWDIX - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
TPDIX Timothy Plan Defensive Strategies Fund Class I	8.48%	24.23%	5.55%	8.07%	-5.48%	12.45%	9.11%	14.02%	-6.96%	4.45%
PWDIX Donoghue Forlines Dividend Fund	18.09%	17.73%	12.33%	-0.18%	-9.83%	31.54%	-6.54%	-2.84%	-7.97%	11.41%

Correlation

The correlation between TPDIX and PWDIX is 0.42, which is low. Their historical price movements had little consistent relationship.

	Correlation
Correlation (1Y) Focuses on recent behavior, but can change the most.	0.42
Correlation (3Y) Balances recent behavior with more history.	0.50
Correlation (5Y) Shows whether the relationship held over a longer period.	0.58
Correlation (10Y) Provides a long-term view across more market conditions.	0.56
Correlation (All Time) Calculated using the full available price history since Nov 8, 2013	0.56

The correlation between TPDIX and PWDIX shifts across timeframes, from 0.42 (1 year) to 0.58 (5 years), reflecting how their relationship changes across market environments.

Return for Risk

TPDIX vs. PWDIX — Risk / Return Rank

Compare historical risk-adjusted metric ranks over the past 12 months.

TPDIX

TPDIX Risk / Return Rank: 70
TPDIX Sharpe Ratio Rank: 79
TPDIX Sortino Ratio Rank: 70
TPDIX Omega Ratio Rank: 76
TPDIX Calmar Ratio Rank: 81
TPDIX Martin Ratio Rank: 44

PWDIX

PWDIX Risk / Return Rank: 91
PWDIX Sharpe Ratio Rank: 92
PWDIX Sortino Ratio Rank: 90
PWDIX Omega Ratio Rank: 84
PWDIX Calmar Ratio Rank: 97
PWDIX Martin Ratio Rank: 95

The rank (0–100) uses a weighted average of the Sharpe, Sortino, Omega, Calmar, and Martin percentile ranks for the trailing 12 months. Higher means stronger historical risk-adjusted performance within the peer group.

TPDIX vs. PWDIX - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Timothy Plan Defensive Strategies Fund Class I (TPDIX) and Donoghue Forlines Dividend Fund (PWDIX). 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.

	TPDIX	PWDIX	Difference
Sharpe ratio: Return per unit of total volatility	1.91	2.37	-0.45
Sortino ratio: Return per unit of downside risk	2.48	3.44	-0.96
Omega ratio: Gain probability vs. loss probability	1.35	1.41	-0.06
Calmar ratio: Return relative to maximum drawdown	2.76	4.96	-2.19
Martin ratio: Return relative to average drawdown	6.68	15.44	-8.76

TPDIX vs. PWDIX - Sharpe Ratio Comparison

The current TPDIX Sharpe Ratio is 1.91, which is comparable to the PWDIX Sharpe Ratio of 2.37. The chart below compares the historical Sharpe Ratios of TPDIX and PWDIX, 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

TPDIX vs. PWDIX - Drawdown Comparison

The maximum TPDIX drawdown since its inception was -22.26%, smaller than the maximum PWDIX drawdown of -40.86%. Use the drawdown chart below to compare losses from any high point for TPDIX and PWDIX.

Drawdown Indicators

	TPDIX	PWDIX	Difference
Max Drawdown Largest peak-to-trough decline	-22.26%	-40.86%	+18.60%
Max Drawdown (1Y) Largest decline over 1 year	-8.03%	-5.44%	-2.59%
Max Drawdown (3Y) Largest decline over 3 years	-8.03%	-16.86%	+8.83%
Max Drawdown (5Y) Largest decline over 5 years	-17.43%	-21.29%	+3.86%
Max Drawdown (10Y) Largest decline over 10 years	-22.26%	-40.86%	+18.60%
Current Drawdown Current decline from peak	-5.73%	-1.11%	-4.62%
Average Drawdown Average peak-to-trough decline	-4.15%	-8.43%	+4.28%
Ulcer Index Depth and duration of drawdowns from previous peaks	3.32%	1.75%	+1.57%

Volatility

TPDIX vs. PWDIX - Volatility Comparison

The current volatility for Timothy Plan Defensive Strategies Fund Class I (TPDIX) is 2.23%, while Donoghue Forlines Dividend Fund (PWDIX) has a volatility of 3.79%. This indicates that TPDIX experiences smaller price fluctuations and is considered to be less risky than PWDIX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	TPDIX	PWDIX	Difference
Volatility (1M) Calculated over the trailing 1-month period	2.23%	3.79%	-1.56%
Volatility (6M) Calculated over the trailing 6-month period	9.56%	8.15%	+1.41%
Volatility (1Y) Calculated over the trailing 1-year period	11.67%	11.43%	+0.24%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	10.26%	14.09%	-3.83%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	9.97%	14.42%	-4.45%

TPDIX vs. PWDIX - Expense Ratio Comparison

TPDIX has a 1.09% expense ratio, which is lower than PWDIX's 1.56% expense ratio.

Dividends

TPDIX vs. PWDIX - Dividend Comparison

TPDIX's dividend yield for the trailing twelve months is around 0.94%, less than PWDIX's 1.84% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
PWDIX Donoghue Forlines Dividend Fund	1.84%	1.22%	2.16%	1.75%	1.29%	2.31%	3.66%	3.10%	30.58%	3.25%	1.45%	3.55%
TPDIX Timothy Plan Defensive Strategies Fund Class I	0.94%	1.02%	3.02%	2.61%	4.73%	0.70%	0.00%	3.18%	3.02%	0.41%	0.60%	0.00%

Frequently Asked Questions

Can I hold both TPDIX and PWDIX in my portfolio?

TPDIX and PWDIX have a correlation of 0.42, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, TPDIX or PWDIX?

PWDIX has higher volatility (3.79%) compared to TPDIX (2.23%). In terms of maximum drawdown, TPDIX dropped -22.26% vs PWDIX's -40.86%.

Which has better risk-adjusted returns?

PWDIX currently has the higher Sharpe Ratio (2.37 vs 1.91), 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.