TPHD vs. CSHP
TPHD (Timothy Plan High Dividend Stock ETF) and CSHP (iShares Enhanced Short-Term Bond Active ETF) are both exchange-traded funds - TPHD is a Mid Cap Value Equities fund tracking the Victory US Large Cap High Dividend Volatility Weighted BRI Index, while CSHP is a Ultrashort Bond fund actively managed by iShares. TPHD is passively managed, while CSHP is actively managed. Over the past year, TPHD returned 13.24% vs 3.94% for CSHP. At a 0.02 correlation, their price movements are largely independent. TPHD charges 0.52%/yr vs 0.20%/yr for CSHP.
Performance
TPHD vs. CSHP - Performance Comparison
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Returns By Period
In the year-to-date period, TPHD achieves a 12.37% return, which is significantly higher than CSHP's 2.09% return.
TPHD
- 1D
- 0.63%
- 1M
- 1.39%
- 6M
- 9.78%
- YTD
- 12.37%
- 1Y
- 13.24%
- 3Y*
- 12.80%
- 5Y*
- 9.63%
- 10Y*
- —
CSHP
- 1D
- -0.02%
- 1M
- 0.38%
- 6M
- 1.98%
- YTD
- 2.09%
- 1Y
- 3.94%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
TPHD vs. CSHP - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | |
|---|---|---|---|
TPHD Timothy Plan High Dividend Stock ETF | 12.37% | 8.28% | 0.31% |
CSHP iShares Enhanced Short-Term Bond Active ETF | 2.09% | 4.10% | 2.24% |
Correlation
The correlation between TPHD and CSHP is -0.10, meaning there is essentially no relationship between their price movements. Each responds to its own set of market drivers, making them strong candidates for combining in a diversified portfolio.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | -0.10 |
Correlation (All Time) Calculated using the full available price history since Jul 18, 2024 | 0.02 |
The correlation between TPHD and CSHP shifts across timeframes, from -0.10 (1 year) to 0.02 (all time), reflecting how their relationship changes across market environments.
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Return for Risk
TPHD vs. CSHP — Risk / Return Rank
TPHD
CSHP
TPHD vs. CSHP - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Timothy Plan High Dividend Stock ETF (TPHD) and iShares Enhanced Short-Term Bond Active ETF (CSHP). 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.
| TPHD | CSHP | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -7.08 | ||
| Sortino ratioReturn per unit of downside risk | -13.50 | ||
| Omega ratioGain probability vs. loss probability | 1.21 | 4.94 | -3.73 |
| Calmar ratioReturn relative to maximum drawdown | 2.08 | 19.49 | -17.41 |
| Martin ratioReturn relative to average drawdown | 5.73 | 224.95 | -219.22 |
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Drawdowns
TPHD vs. CSHP - Drawdown Comparison
The maximum TPHD drawdown since its inception was -41.71%, which is greater than CSHP's maximum drawdown of -0.21%. Use the drawdown chart below to compare losses from any high point for TPHD and CSHP.
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Drawdown Indicators
| TPHD | CSHP | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -41.71% | -0.21% | -41.50% |
Max Drawdown (1Y)Largest decline over 1 year | -6.08% | -0.21% | -5.87% |
Max Drawdown (3Y)Largest decline over 3 years | -15.89% | — | — |
Max Drawdown (5Y)Largest decline over 5 years | -16.54% | — | — |
Current DrawdownCurrent decline from peak | -0.44% | -0.02% | -0.42% |
Average DrawdownAverage peak-to-trough decline | -4.68% | -0.01% | -4.67% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.21% | 0.02% | +2.19% |
Volatility
TPHD vs. CSHP - Volatility Comparison
Timothy Plan High Dividend Stock ETF (TPHD) has a higher volatility of 3.03% compared to iShares Enhanced Short-Term Bond Active ETF (CSHP) at 0.37%. This indicates that TPHD's price experiences larger fluctuations and is considered to be riskier than CSHP based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| TPHD | CSHP | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 3.03% | 0.37% | +2.66% |
Volatility (6M)Calculated over the trailing 6-month period | 7.38% | 0.43% | +6.95% |
Volatility (1Y)Calculated over the trailing 1-year period | 10.59% | 0.48% | +10.11% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 14.57% | 0.47% | +14.10% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 19.53% | 0.47% | +19.06% |
TPHD vs. CSHP - Expense Ratio Comparison
TPHD has a 0.52% expense ratio, which is higher than CSHP's 0.20% expense ratio.
Dividends
TPHD vs. CSHP - Dividend Comparison
TPHD's dividend yield for the trailing twelve months is around 1.93%, less than CSHP's 4.01% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 |
|---|---|---|---|---|---|---|---|---|
CSHP iShares Enhanced Short-Term Bond Active ETF | 4.01% | 5.39% | 1.96% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
TPHD Timothy Plan High Dividend Stock ETF | 1.93% | 2.10% | 2.09% | 2.19% | 2.38% | 1.86% | 2.38% | 1.61% |
Frequently Asked Questions
TPHD and CSHP have a correlation of -0.10, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
TPHD has higher volatility (3.03%) compared to CSHP (0.37%). In terms of maximum drawdown, TPHD dropped -41.71% vs CSHP's -0.21%.
On 1-year performance, TPHD leads with 13.24% vs 3.94% for CSHP. On fees, CSHP is cheaper at 0.20% per year. On volatility, CSHP has been the lower-risk option at 0.37%. The better choice depends on whether you care most about return, fees, risk, or income.
Over the 1-year period, TPHD has performed better with a 13.24% return vs 3.94%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.
CSHP is cheaper with a 0.20% expense ratio, compared with 0.52% for TPHD.
CSHP has the higher dividend yield at 4.01%, compared with 1.93% for TPHD.
TPHD is categorized as Mid Cap Value Equities, while CSHP is Ultrashort Bond. They also come from different issuers: Timothy Plan and iShares. Their fees differ too: 0.52% for TPHD and 0.20% for CSHP.
CSHP currently has the higher Sharpe Ratio (8.28 vs 1.20), 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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