TPHAX vs. TFIAX
TPHAX (Timothy Plan High Yield Bond Fund) and TFIAX (Timothy Plan Fixed Income Fund) are both mutual funds - TPHAX is a High Yield Bonds fund managed by Timothy Plan, while TFIAX is a Intermediate Core Bond fund managed by Timothy Plan. Over the past 10 years, TPHAX returned 4.99%/yr vs 0.65%/yr for TFIAX. At a 0.12 correlation, their price movements are largely independent. TPHAX charges 1.39%/yr vs 1.34%/yr for TFIAX.
Performance
TPHAX vs. TFIAX - Performance Comparison
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Returns By Period
In the year-to-date period, TPHAX achieves a 1.98% return, which is significantly higher than TFIAX's 0.41% return. Over the past 10 years, TPHAX has outperformed TFIAX with an annualized return of 4.99%, while TFIAX has yielded a comparatively lower 0.65% annualized return.
TPHAX
- 1D
- 0.00%
- 1M
- 0.77%
- YTD
- 1.98%
- 6M
- 2.31%
- 1Y
- 6.25%
- 3Y*
- 8.03%
- 5Y*
- 3.53%
- 10Y*
- 4.99%
TFIAX
- 1D
- 0.00%
- 1M
- 0.99%
- YTD
- 0.41%
- 6M
- 0.74%
- 1Y
- 4.34%
- 3Y*
- 3.32%
- 5Y*
- -0.41%
- 10Y*
- 0.65%
TPHAX vs. TFIAX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
TPHAX Timothy Plan High Yield Bond Fund | 1.98% | 7.57% | 7.95% | 12.24% | -12.24% | 5.69% | 6.12% | 16.60% | -4.66% | 6.22% |
TFIAX Timothy Plan Fixed Income Fund | 0.41% | 6.41% | 0.12% | 4.85% | -12.11% | -2.45% | 5.24% | 6.14% | -0.67% | 1.72% |
Correlation
The correlation between TPHAX and TFIAX is 0.51, which is moderate. They share some common price drivers but move independently often enough to provide real diversification benefit when combined.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.51 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.47 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.39 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.22 |
Correlation (All Time) Calculated using the full available price history since May 10, 2007 | 0.12 |
Over the past year, TPHAX and TFIAX have become more correlated (0.51) than their long-term average of 0.12, meaning their price movements have been converging.
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Return for Risk
TPHAX vs. TFIAX — Risk / Return Rank
TPHAX
TFIAX
TPHAX vs. TFIAX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Timothy Plan High Yield Bond Fund (TPHAX) and Timothy Plan Fixed Income Fund (TFIAX). 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.
| TPHAX | TFIAX | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +1.08 | ||
| Sortino ratioReturn per unit of downside risk | +1.62 | ||
| Omega ratioGain probability vs. loss probability | 1.50 | 1.22 | +0.27 |
| Calmar ratioReturn relative to maximum drawdown | 2.55 | 1.54 | +1.02 |
| Martin ratioReturn relative to average drawdown | 12.67 | 4.43 | +8.24 |
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Drawdowns
TPHAX vs. TFIAX - Drawdown Comparison
The maximum TPHAX drawdown since its inception was -35.48%, which is greater than TFIAX's maximum drawdown of -18.62%. Use the drawdown chart below to compare losses from any high point for TPHAX and TFIAX.
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Drawdown Indicators
| TPHAX | TFIAX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -35.48% | -18.62% | -16.86% |
Max Drawdown (1Y)Largest decline over 1 year | -2.50% | -2.91% | +0.41% |
Max Drawdown (3Y)Largest decline over 3 years | -3.94% | -6.49% | +2.55% |
Max Drawdown (5Y)Largest decline over 5 years | -15.98% | -17.30% | +1.32% |
Max Drawdown (10Y)Largest decline over 10 years | -22.38% | -18.62% | -3.76% |
Current DrawdownCurrent decline from peak | -0.11% | -4.65% | +4.54% |
Average DrawdownAverage peak-to-trough decline | -3.25% | -2.92% | -0.33% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 0.50% | 1.01% | -0.51% |
Volatility
TPHAX vs. TFIAX - Volatility Comparison
The current volatility for Timothy Plan High Yield Bond Fund (TPHAX) is 0.74%, while Timothy Plan Fixed Income Fund (TFIAX) has a volatility of 1.04%. This indicates that TPHAX experiences smaller price fluctuations and is considered to be less risky than TFIAX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| TPHAX | TFIAX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 0.74% | 1.04% | -0.30% |
Volatility (6M)Calculated over the trailing 6-month period | 2.28% | 2.70% | -0.42% |
Volatility (1Y)Calculated over the trailing 1-year period | 2.79% | 3.71% | -0.92% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 4.35% | 5.65% | -1.30% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 4.86% | 4.46% | +0.40% |
TPHAX vs. TFIAX - Expense Ratio Comparison
TPHAX has a 1.39% expense ratio, which is higher than TFIAX's 1.34% expense ratio.
Dividends
TPHAX vs. TFIAX - Dividend Comparison
TPHAX's dividend yield for the trailing twelve months is around 5.68%, more than TFIAX's 3.04% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
TFIAX Timothy Plan Fixed Income Fund | 3.04% | 3.00% | 3.04% | 2.48% | 1.28% | 0.84% | 1.21% | 1.60% | 1.92% | 1.62% | 1.75% | 2.03% |
TPHAX Timothy Plan High Yield Bond Fund | 5.68% | 5.39% | 5.75% | 5.35% | 4.60% | 4.23% | 4.26% | 4.11% | 4.13% | 3.55% | 3.88% | 4.72% |
Frequently Asked Questions
TPHAX and TFIAX have a correlation of 0.51, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
TFIAX has higher volatility (1.04%) compared to TPHAX (0.74%). In terms of maximum drawdown, TPHAX dropped -35.48% vs TFIAX's -18.62%.
TPHAX currently has the higher Sharpe Ratio (2.29 vs 1.21), 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.
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