TPFC vs. MDLV

Last updated Jul 16, 2026

TPFC (Timothy Plan Free Cash Flow ETF) and MDLV (Morgan Dempsey Large Cap Value ETF) are both Large Cap Value Equities funds. TPFC is passively managed, while MDLV is actively managed. At a 0.24 correlation, their price movements are largely independent. TPFC charges 0.59%/yr vs 0.58%/yr for MDLV.

Performance

TPFC vs. MDLV - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Timothy Plan Free Cash Flow ETF (TPFC) and Morgan Dempsey Large Cap Value ETF (MDLV). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

TPFC

• 1D: -0.31%
• 1M: -0.86%
• 6M: —
• YTD: —
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —

MDLV

• 1D: -0.50%
• 1M: -0.91%
• 6M: 7.49%
• YTD: 10.52%
• 1Y: 17.28%
• 3Y*: 12.57%
• 5Y*: —
• 10Y*: —

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

TPFC vs. MDLV - Yearly Performance Comparison

	2026 (YTD)
TPFC Timothy Plan Free Cash Flow ETF	1.32%
MDLV Morgan Dempsey Large Cap Value ETF	1.96%

Correlation

The correlation between TPFC and MDLV is 0.24, which is low. Their price movements are largely independent, making them effective diversification partners.

	Correlation
Correlation (All Time) Calculated using the full available price history since May 5, 2026	0.24

Return for Risk

TPFC vs. MDLV — Risk / Return Rank

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

TPFC

Risk / return metrics aren't available yet — we need at least 12 months of trading data to calculate them.

MDLV

MDLV Risk / Return Rank: 77
MDLV Sharpe Ratio Rank: 74
MDLV Sortino Ratio Rank: 77
MDLV Omega Ratio Rank: 67
MDLV Calmar Ratio Rank: 88
MDLV Martin Ratio Rank: 80

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.

TPFC vs. MDLV - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Timothy Plan Free Cash Flow ETF (TPFC) and Morgan Dempsey Large Cap Value ETF (MDLV). 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.

	TPFC	MDLV	Difference
Sharpe ratio: Return per unit of total volatility	—	1.91	—
Sortino ratio: Return per unit of downside risk	—	2.76	—
Omega ratio: Gain probability vs. loss probability	—	1.32	—
Calmar ratio: Return relative to maximum drawdown	—	4.07	—
Martin ratio: Return relative to average drawdown	—	12.25	—

Drawdowns

TPFC vs. MDLV - Drawdown Comparison

The maximum TPFC drawdown since its inception was -5.82%, smaller than the maximum MDLV drawdown of -10.71%. Use the drawdown chart below to compare losses from any high point for TPFC and MDLV.

Drawdown Indicators

	TPFC	MDLV	Difference
Max Drawdown Largest peak-to-trough decline	-5.82%	-10.71%	+4.89%
Max Drawdown (1Y) Largest decline over 1 year	—	-4.27%	—
Max Drawdown (3Y) Largest decline over 3 years	—	-10.71%	—
Current Drawdown Current decline from peak	-3.13%	-1.96%	-1.17%
Average Drawdown Average peak-to-trough decline	-2.47%	-2.25%	-0.22%
Ulcer Index Depth and duration of drawdowns from previous peaks	—	1.41%	—

Volatility

Volatility by Period

	TPFC	MDLV	Difference
Volatility (1M) Calculated over the trailing 1-month period	—	3.47%	—
Volatility (6M) Calculated over the trailing 6-month period	—	6.96%	—
Volatility (1Y) Calculated over the trailing 1-year period	14.45%	9.15%	+5.30%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	14.45%	10.53%	+3.92%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	14.45%	10.53%	+3.92%

TPFC vs. MDLV - Expense Ratio Comparison

TPFC has a 0.59% expense ratio, which is higher than MDLV's 0.58% expense ratio.

Dividends

TPFC vs. MDLV - Dividend Comparison

TPFC's dividend yield for the trailing twelve months is around 0.13%, less than MDLV's 2.74% yield.

Position	TTM	2025	2024	2023
MDLV Morgan Dempsey Large Cap Value ETF	2.74%	3.00%	2.78%	2.35%
TPFC Timothy Plan Free Cash Flow ETF	0.13%	0.00%	0.00%	0.00%

Frequently Asked Questions

Can I hold both TPFC and MDLV in my portfolio?

TPFC and MDLV have a correlation of 0.24, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which ETF is better, TPFC or MDLV?

On fees, MDLV is cheaper at 0.58% per year. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF is cheaper, TPFC or MDLV?

MDLV is cheaper with a 0.58% expense ratio, compared with 0.59% for TPFC.

Which ETF pays a higher dividend yield, TPFC or MDLV?

MDLV has the higher dividend yield at 2.74%, compared with 0.13% for TPFC.

What is the main difference between TPFC and MDLV?

They also come from different issuers: Timothy Plan and Morgan Dempsey. Their fees differ too: 0.59% for TPFC and 0.58% for MDLV.