TPFI vs. BNDS

Last updated Aug 5, 2026

TPFI (Timothy Plan Fixed Income ETF) and BNDS (Infrastructure Capital Bond Income ETF) are both Intermediate Core-Plus Bond funds. Both are actively managed. Their 0.60 correlation means they have sometimes moved together and sometimes differently. TPFI charges 0.55%/yr vs 0.81%/yr for BNDS.

Performance

TPFI vs. BNDS - Performance Comparison

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

Returns By Period

TPFI

• 1D: 0.37%
• 1M: -0.51%
• 6M: —
• YTD: —
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —
• ALL TIME*: —

BNDS

• 1D: 0.35%
• 1M: -0.23%
• 6M: 2.23%
• YTD: 4.67%
• 1Y: 9.51%
• 3Y*: —
• 5Y*: —
• 10Y*: —
• ALL TIME*: 8.53%

*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)
BNDS Infrastructure Capital Bond Income ETF	$2.18M	$2.09M	$1.63M
TPFI Timothy Plan Fixed Income ETF	$121.03K	$133.74K	$123.91K

TPFI vs. BNDS - Yearly Performance Comparison

	2026 (YTD)
TPFI Timothy Plan Fixed Income ETF	-0.50%
BNDS Infrastructure Capital Bond Income ETF	0.59%

Correlation

The correlation between TPFI and BNDS is 0.60, which is moderate. They have sometimes moved together and sometimes differently, sharing some price drivers without tracking each other closely.

	Correlation
Correlation (All Time) Calculated using the full available price history since May 5, 2026	0.60

Return for Risk

TPFI vs. BNDS — Risk / Return Rank

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

TPFI

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

BNDS

BNDS Risk / Return Rank: 87
BNDS Sharpe Ratio Rank: 93
BNDS Sortino Ratio Rank: 93
BNDS Omega Ratio Rank: 94
BNDS Calmar Ratio Rank: 71
BNDS Martin Ratio Rank: 82

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.

TPFI vs. BNDS - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Timothy Plan Fixed Income ETF (TPFI) and Infrastructure Capital Bond Income ETF (BNDS). 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.

	TPFI	BNDS	Difference
Sharpe ratio: Return per unit of total volatility	—	2.66	—
Sortino ratio: Return per unit of downside risk	—	3.83	—
Omega ratio: Gain probability vs. loss probability	—	1.53	—
Calmar ratio: Return relative to maximum drawdown	—	2.77	—
Martin ratio: Return relative to average drawdown	—	12.34	—

Drawdowns

TPFI vs. BNDS - Drawdown Comparison

The maximum TPFI drawdown since its inception was -1.66%, smaller than the maximum BNDS drawdown of -6.96%. Use the drawdown chart below to compare losses from any high point for TPFI and BNDS.

Drawdown Indicators

	TPFI	BNDS	Difference
Max Drawdown Largest peak-to-trough decline	-1.66%	-6.96%	+5.30%
Max Drawdown (1Y) Largest decline over 1 year	—	-3.45%	—
Current Drawdown Current decline from peak	-0.99%	-0.54%	-0.45%
Average Drawdown Average peak-to-trough decline	-0.64%	-0.77%	+0.13%
Ulcer Index Depth and duration of drawdowns from previous peaks	—	0.77%	—

Volatility

Volatility by Period

	TPFI	BNDS	Difference
Volatility (1M) Calculated over the trailing 1-month period	—	0.97%	—
Volatility (6M) Calculated over the trailing 6-month period	—	2.83%	—
Volatility (1Y) Calculated over the trailing 1-year period	3.89%	3.60%	+0.29%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	3.89%	5.08%	-1.19%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	3.89%	5.08%	-1.19%

TPFI vs. BNDS - Expense Ratio Comparison

TPFI has a 0.55% expense ratio, which is lower than BNDS's 0.81% expense ratio.

Dividends

TPFI vs. BNDS - Dividend Comparison

TPFI's dividend yield for the trailing twelve months is around 0.70%, less than BNDS's 8.07% yield.

Position	TTM	2025
BNDS Infrastructure Capital Bond Income ETF	8.07%	7.98%
TPFI Timothy Plan Fixed Income ETF	0.70%	0.00%

Frequently Asked Questions

Can I hold both TPFI and BNDS in my portfolio?

TPFI and BNDS have a correlation of 0.60, 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 BNDS?

On fees, TPFI is cheaper at 0.55% per year. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF is cheaper, TPFI or BNDS?

TPFI is cheaper with a 0.55% expense ratio, compared with 0.81% for BNDS.

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

BNDS has the higher dividend yield at 8.07%, compared with 0.70% for TPFI.

What is the main difference between TPFI and BNDS?

They also come from different issuers: Timothy Plan and InfraCap. Their fees differ too: 0.55% for TPFI and 0.81% for BNDS.