TPFI vs. BNDP

Last updated Jul 16, 2026

TPFI (Timothy Plan Fixed Income ETF) and BNDP (Vanguard Core-Plus Bond Index ETF) are both Intermediate Core-Plus Bond funds. TPFI is actively managed, while BNDP is passively managed. Their correlation of 0.87 suggests significant overlap in exposure. TPFI charges 0.55%/yr vs 0.05%/yr for BNDP.

Performance

TPFI vs. BNDP - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Timothy Plan Fixed Income ETF (TPFI) and Vanguard Core-Plus Bond Index ETF (BNDP). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

TPFI

• 1D: 0.12%
• 1M: -0.16%
• 6M: —
• YTD: —
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —

BNDP

• 1D: 0.20%
• 1M: -0.33%
• 6M: -0.08%
• YTD: 0.30%
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —

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

TPFI vs. BNDP - Yearly Performance Comparison

	2026 (YTD)
TPFI Timothy Plan Fixed Income ETF	-0.26%
BNDP Vanguard Core-Plus Bond Index ETF	0.38%

Correlation

The correlation between TPFI and BNDP is 0.87, indicating a strong positive relationship between their price movements. Combining them offers limited diversification - they tend to fall together during downturns.

	Correlation
Correlation (All Time) Calculated using the full available price history since May 5, 2026	0.87

Return for Risk

TPFI vs. BNDP - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Timothy Plan Fixed Income ETF (TPFI) and Vanguard Core-Plus Bond Index ETF (BNDP). 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.

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

Drawdowns

TPFI vs. BNDP - Drawdown Comparison

The maximum TPFI drawdown since its inception was -1.66%, smaller than the maximum BNDP drawdown of -2.60%. Use the drawdown chart below to compare losses from any high point for TPFI and BNDP.

Drawdown Indicators

	TPFI	BNDP	Difference
Max Drawdown Largest peak-to-trough decline	-1.66%	-2.60%	+0.94%
Current Drawdown Current decline from peak	-0.75%	-1.34%	+0.59%
Average Drawdown Average peak-to-trough decline	-0.49%	-0.91%	+0.42%

Volatility

Volatility by Period

	TPFI	BNDP	Difference
Volatility (1Y) Calculated over the trailing 1-year period	3.90%	3.69%	+0.21%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	3.90%	3.69%	+0.21%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	3.90%	3.69%	+0.21%

TPFI vs. BNDP - Expense Ratio Comparison

TPFI has a 0.55% expense ratio, which is higher than BNDP's 0.05% expense ratio.

Dividends

TPFI vs. BNDP - Dividend Comparison

TPFI's dividend yield for the trailing twelve months is around 0.70%, less than BNDP's 2.45% yield.

Position	TTM	2025
BNDP Vanguard Core-Plus Bond Index ETF	2.45%	0.24%
TPFI Timothy Plan Fixed Income ETF	0.70%	0.00%

Frequently Asked Questions

Can I hold both TPFI and BNDP in my portfolio?

TPFI and BNDP have a correlation of 0.87, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which ETF is better, TPFI or BNDP?

On fees, BNDP is cheaper at 0.05% per year. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF is cheaper, TPFI or BNDP?

BNDP is cheaper with a 0.05% expense ratio, compared with 0.55% for TPFI.

Which ETF pays a higher dividend yield, TPFI or BNDP?

BNDP has the higher dividend yield at 2.45%, compared with 0.70% for TPFI.

What is the main difference between TPFI and BNDP?

They also come from different issuers: Timothy Plan and Vanguard. Their fees differ too: 0.55% for TPFI and 0.05% for BNDP.