TPFI vs. CAAA

Last updated Jul 16, 2026

TPFI (Timothy Plan Fixed Income ETF) and CAAA (First Trust Commercial Mortgage Opportunities ETF) are both Intermediate Core-Plus Bond funds. Both are actively managed. A 0.62 correlation means they provide meaningful diversification when combined. Both charge a 0.55% expense ratio.

Performance

TPFI vs. CAAA - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Timothy Plan Fixed Income ETF (TPFI) and First Trust Commercial Mortgage Opportunities ETF (CAAA). 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*: —

CAAA

• 1D: 0.22%
• 1M: 0.32%
• 6M: 0.71%
• YTD: 1.16%
• 1Y: 5.12%
• 3Y*: —
• 5Y*: —
• 10Y*: —

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

TPFI vs. CAAA - Yearly Performance Comparison

	2026 (YTD)
TPFI Timothy Plan Fixed Income ETF	-0.26%
CAAA First Trust Commercial Mortgage Opportunities ETF	0.47%

Correlation

The correlation between TPFI and CAAA is 0.62, which is moderate. They share some common price drivers but move independently often enough to provide real diversification benefit when combined.

	Correlation
Correlation (All Time) Calculated using the full available price history since May 5, 2026	0.62

Return for Risk

TPFI vs. CAAA — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments 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.

CAAA

CAAA Risk / Return Rank: 62
CAAA Sharpe Ratio Rank: 62
CAAA Sortino Ratio Rank: 68
CAAA Omega Ratio Rank: 63
CAAA Calmar Ratio Rank: 61
CAAA Martin Ratio Rank: 53

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.

TPFI vs. CAAA - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Timothy Plan Fixed Income ETF (TPFI) and First Trust Commercial Mortgage Opportunities ETF (CAAA). 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	CAAA	Difference
Sharpe ratio: Return per unit of total volatility	—	1.68	—
Sortino ratio: Return per unit of downside risk	—	2.52	—
Omega ratio: Gain probability vs. loss probability	—	1.31	—
Calmar ratio: Return relative to maximum drawdown	—	2.47	—
Martin ratio: Return relative to average drawdown	—	7.36	—

Drawdowns

TPFI vs. CAAA - Drawdown Comparison

The maximum TPFI drawdown since its inception was -1.66%, smaller than the maximum CAAA drawdown of -2.24%. Use the drawdown chart below to compare losses from any high point for TPFI and CAAA.

Drawdown Indicators

	TPFI	CAAA	Difference
Max Drawdown Largest peak-to-trough decline	-1.66%	-2.24%	+0.58%
Max Drawdown (1Y) Largest decline over 1 year	—	-2.08%	—
Current Drawdown Current decline from peak	-0.75%	-0.45%	-0.30%
Average Drawdown Average peak-to-trough decline	-0.49%	-0.56%	+0.07%
Ulcer Index Depth and duration of drawdowns from previous peaks	—	0.70%	—

Volatility

Volatility by Period

	TPFI	CAAA	Difference
Volatility (1M) Calculated over the trailing 1-month period	—	0.79%	—
Volatility (6M) Calculated over the trailing 6-month period	—	2.30%	—
Volatility (1Y) Calculated over the trailing 1-year period	3.90%	3.09%	+0.81%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	3.90%	3.20%	+0.70%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	3.90%	3.20%	+0.70%

TPFI vs. CAAA - Expense Ratio Comparison

Both TPFI and CAAA have an expense ratio of 0.55%.

Dividends

TPFI vs. CAAA - Dividend Comparison

TPFI's dividend yield for the trailing twelve months is around 0.70%, less than CAAA's 5.14% yield.

Position	TTM	2025	2024
CAAA First Trust Commercial Mortgage Opportunities ETF	5.14%	6.09%	4.01%
TPFI Timothy Plan Fixed Income ETF	0.70%	0.00%	0.00%

Frequently Asked Questions

Can I hold both TPFI and CAAA in my portfolio?

TPFI and CAAA have a correlation of 0.62, 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 CAAA?

Both ETFs have the same 0.55% expense ratio. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF is cheaper, TPFI or CAAA?

TPFI and CAAA have the same expense ratio: 0.55% per year.

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

CAAA has the higher dividend yield at 5.14%, compared with 0.70% for TPFI.

What is the main difference between TPFI and CAAA?

They also come from different issuers: Timothy Plan and First Trust.