TPHAX vs. THHYX
TPHAX (Timothy Plan High Yield Bond Fund) and THHYX (Toews Tactical Income Fund) are both High Yield Bonds funds. Over the past 10 years, TPHAX returned 5.04%/yr vs 2.79%/yr for THHYX. A 0.53 correlation means they provide meaningful diversification when combined. TPHAX charges 1.39%/yr vs 1.46%/yr for THHYX.
Performance
TPHAX vs. THHYX - Performance Comparison
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Returns By Period
In the year-to-date period, TPHAX achieves a 1.87% return, which is significantly higher than THHYX's 0.48% return. Over the past 10 years, TPHAX has outperformed THHYX with an annualized return of 5.04%, while THHYX has yielded a comparatively lower 2.79% annualized return.
TPHAX
- 1D
- -0.11%
- 1M
- 0.66%
- YTD
- 1.87%
- 6M
- 2.20%
- 1Y
- 5.90%
- 3Y*
- 8.16%
- 5Y*
- 3.46%
- 10Y*
- 5.04%
THHYX
- 1D
- -0.10%
- 1M
- 0.36%
- YTD
- 0.48%
- 6M
- 0.68%
- 1Y
- 3.36%
- 3Y*
- 5.01%
- 5Y*
- 1.48%
- 10Y*
- 2.79%
TPHAX vs. THHYX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
TPHAX Timothy Plan High Yield Bond Fund | 1.87% | 7.57% | 7.95% | 12.24% | -12.24% | 5.69% | 6.12% | 16.60% | -4.66% | 6.22% |
THHYX Toews Tactical Income Fund | 0.48% | 3.44% | 5.48% | 4.51% | -5.33% | 0.28% | 5.21% | 7.37% | -0.80% | 2.57% |
Correlation
The correlation between TPHAX and THHYX 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 (1Y) Calculated over the trailing 1-year period | 0.62 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.62 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.53 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.54 |
Correlation (All Time) Calculated using the full available price history since Jan 3, 2011 | 0.53 |
The correlation between TPHAX and THHYX has been stable across timeframes, ranging from 0.53 to 0.62 - a consistent structural relationship.
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Return for Risk
TPHAX vs. THHYX — Risk / Return Rank
TPHAX
THHYX
TPHAX vs. THHYX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Timothy Plan High Yield Bond Fund (TPHAX) and Toews Tactical Income Fund (THHYX). 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 | THHYX | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.81 | ||
| Sortino ratioReturn per unit of downside risk | +1.21 | ||
| Omega ratioGain probability vs. loss probability | 1.47 | 1.27 | +0.21 |
| Calmar ratioReturn relative to maximum drawdown | 2.46 | 3.19 | -0.73 |
| Martin ratioReturn relative to average drawdown | 12.20 | 6.88 | +5.32 |
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Drawdowns
TPHAX vs. THHYX - Drawdown Comparison
The maximum TPHAX drawdown since its inception was -35.48%, which is greater than THHYX's maximum drawdown of -8.83%. Use the drawdown chart below to compare losses from any high point for TPHAX and THHYX.
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Drawdown Indicators
| TPHAX | THHYX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -35.48% | -8.83% | -26.65% |
Max Drawdown (1Y)Largest decline over 1 year | -2.50% | -1.12% | -1.38% |
Max Drawdown (3Y)Largest decline over 3 years | -3.94% | -3.35% | -0.59% |
Max Drawdown (5Y)Largest decline over 5 years | -15.98% | -8.83% | -7.15% |
Max Drawdown (10Y)Largest decline over 10 years | -22.38% | -8.83% | -13.55% |
Current DrawdownCurrent decline from peak | -0.22% | -0.50% | +0.28% |
Average DrawdownAverage peak-to-trough decline | -3.25% | -1.62% | -1.63% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 0.50% | 0.52% | -0.02% |
Volatility
TPHAX vs. THHYX - Volatility Comparison
The current volatility for Timothy Plan High Yield Bond Fund (TPHAX) is 0.70%, while Toews Tactical Income Fund (THHYX) has a volatility of 0.84%. This indicates that TPHAX experiences smaller price fluctuations and is considered to be less risky than THHYX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| TPHAX | THHYX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 0.70% | 0.84% | -0.14% |
Volatility (6M)Calculated over the trailing 6-month period | 2.28% | 1.72% | +0.56% |
Volatility (1Y)Calculated over the trailing 1-year period | 2.80% | 2.58% | +0.22% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 4.35% | 3.93% | +0.42% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 4.86% | 3.65% | +1.21% |
TPHAX vs. THHYX - Expense Ratio Comparison
TPHAX has a 1.39% expense ratio, which is lower than THHYX's 1.46% expense ratio.
Dividends
TPHAX vs. THHYX - Dividend Comparison
TPHAX's dividend yield for the trailing twelve months is around 5.69%, more than THHYX's 5.43% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
THHYX Toews Tactical Income Fund | 5.43% | 4.91% | 5.44% | 4.33% | 1.61% | 2.79% | 2.21% | 3.84% | 2.43% | 6.56% | 3.30% | 1.59% |
TPHAX Timothy Plan High Yield Bond Fund | 5.69% | 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 THHYX 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.
THHYX has higher volatility (0.84%) compared to TPHAX (0.70%). In terms of maximum drawdown, TPHAX dropped -35.48% vs THHYX's -8.83%.
TPHAX currently has the higher Sharpe Ratio (2.20 vs 1.39), 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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