TPHAX vs. TSGAX

Last updated Jun 23, 2026

TPHAX (Timothy Plan High Yield Bond Fund) and TSGAX (Timothy Plan Strategic Growth Fund) are both mutual funds - TPHAX is a High Yield Bonds fund managed by Timothy Plan, while TSGAX is a Diversified Portfolio fund managed by Timothy Plan. Over the past 10 years, TPHAX returned 4.99%/yr vs 5.60%/yr for TSGAX. At a 0.41 correlation, their price movements are largely independent. TPHAX charges 1.39%/yr vs 1.09%/yr for TSGAX.

Performance

TPHAX vs. TSGAX - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Timothy Plan High Yield Bond Fund (TPHAX) and Timothy Plan Strategic Growth Fund (TSGAX). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, TPHAX achieves a 1.98% return, which is significantly lower than TSGAX's 7.80% return. Over the past 10 years, TPHAX has underperformed TSGAX with an annualized return of 4.99%, while TSGAX has yielded a comparatively higher 5.60% 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%

TSGAX

• 1D: 0.70%
• 1M: 1.77%
• YTD: 7.80%
• 6M: 7.20%
• 1Y: 15.22%
• 3Y*: 10.38%
• 5Y*: 4.68%
• 10Y*: 5.60%

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

TPHAX vs. TSGAX - 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%
TSGAX Timothy Plan Strategic Growth Fund	7.80%	12.94%	6.01%	7.66%	-13.69%	11.67%	8.13%	18.84%	-12.29%	11.54%

Correlation

The correlation between TPHAX and TSGAX is 0.61, 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	0.61
Correlation (3Y) Calculated over the trailing 3-year period	0.57
Correlation (5Y) Calculated over the trailing 5-year period	0.57
Correlation (10Y) Calculated over the trailing 10-year period	0.52
Correlation (All Time) Calculated using the full available price history since May 10, 2007	0.41

Over the past year, TPHAX and TSGAX have become more correlated (0.61) than their long-term average of 0.41, meaning their price movements have been converging.

Return for Risk

TPHAX vs. TSGAX — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.

TPHAX

TPHAX Risk / Return Rank: 71
TPHAX Sharpe Ratio Rank: 73
TPHAX Sortino Ratio Rank: 79
TPHAX Omega Ratio Rank: 82
TPHAX Calmar Ratio Rank: 49
TPHAX Martin Ratio Rank: 70

TSGAX

TSGAX Risk / Return Rank: 37
TSGAX Sharpe Ratio Rank: 35
TSGAX Sortino Ratio Rank: 36
TSGAX Omega Ratio Rank: 34
TSGAX Calmar Ratio Rank: 38
TSGAX Martin Ratio Rank: 42

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.

TPHAX vs. TSGAX - 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 Strategic Growth Fund (TSGAX). 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	TSGAX	Difference
Sharpe ratio: Return per unit of total volatility	2.29	1.58	+0.71
Sortino ratio: Return per unit of downside risk	3.44	2.31	+1.14
Omega ratio: Gain probability vs. loss probability	1.50	1.29	+0.21
Calmar ratio: Return relative to maximum drawdown	2.55	2.23	+0.32
Martin ratio: Return relative to average drawdown	12.67	8.56	+4.11

TPHAX vs. TSGAX - Sharpe Ratio Comparison

The current TPHAX Sharpe Ratio is 2.29, which is higher than the TSGAX Sharpe Ratio of 1.58. The chart below compares the historical Sharpe Ratios of TPHAX and TSGAX, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Drawdowns

TPHAX vs. TSGAX - Drawdown Comparison

The maximum TPHAX drawdown since its inception was -35.48%, smaller than the maximum TSGAX drawdown of -54.36%. Use the drawdown chart below to compare losses from any high point for TPHAX and TSGAX.

Drawdown Indicators

	TPHAX	TSGAX	Difference
Max Drawdown Largest peak-to-trough decline	-35.48%	-54.36%	+18.88%
Max Drawdown (1Y) Largest decline over 1 year	-2.50%	-6.75%	+4.25%
Max Drawdown (3Y) Largest decline over 3 years	-3.94%	-10.10%	+6.16%
Max Drawdown (5Y) Largest decline over 5 years	-15.98%	-19.78%	+3.80%
Max Drawdown (10Y) Largest decline over 10 years	-22.38%	-27.47%	+5.09%
Current Drawdown Current decline from peak	-0.11%	0.00%	-0.11%
Average Drawdown Average peak-to-trough decline	-3.25%	-11.64%	+8.39%
Ulcer Index Depth and duration of drawdowns from previous peaks	0.50%	1.76%	-1.26%

Volatility

TPHAX vs. TSGAX - Volatility Comparison

The current volatility for Timothy Plan High Yield Bond Fund (TPHAX) is 0.74%, while Timothy Plan Strategic Growth Fund (TSGAX) has a volatility of 3.48%. This indicates that TPHAX experiences smaller price fluctuations and is considered to be less risky than TSGAX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	TPHAX	TSGAX	Difference
Volatility (1M) Calculated over the trailing 1-month period	0.74%	3.48%	-2.74%
Volatility (6M) Calculated over the trailing 6-month period	2.28%	7.53%	-5.25%
Volatility (1Y) Calculated over the trailing 1-year period	2.79%	9.52%	-6.73%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	4.35%	10.26%	-5.91%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	4.86%	11.36%	-6.50%

TPHAX vs. TSGAX - Expense Ratio Comparison

TPHAX has a 1.39% expense ratio, which is higher than TSGAX's 1.09% expense ratio.

Dividends

TPHAX vs. TSGAX - Dividend Comparison

TPHAX's dividend yield for the trailing twelve months is around 5.68%, more than TSGAX's 1.08% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
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%
TSGAX Timothy Plan Strategic Growth Fund	1.08%	1.17%	3.33%	1.57%	7.33%	4.70%	3.40%	3.72%	0.36%	0.00%	0.00%	0.34%

Frequently Asked Questions

Can I hold both TPHAX and TSGAX in my portfolio?

TPHAX and TSGAX have a correlation of 0.61, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, TPHAX or TSGAX?

TSGAX has higher volatility (3.48%) compared to TPHAX (0.74%). In terms of maximum drawdown, TPHAX dropped -35.48% vs TSGAX's -54.36%.

Which has better risk-adjusted returns?

TPHAX currently has the higher Sharpe Ratio (2.29 vs 1.58), 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.