TPHD vs. FOVL

Last updated Jun 24, 2026

TPHD (Timothy Plan High Dividend Stock ETF) and FOVL (iShares Focused Value Factor ETF) are both Mid Cap Value Equities funds - TPHD tracks the Victory US Large Cap High Dividend Volatility Weighted BRI Index while FOVL tracks the MSCI USA IMI Focused Value Factor Index. Both are passively managed. Their correlation of 0.81 suggests significant overlap in exposure. TPHD charges 0.52%/yr vs 0.25%/yr for FOVL.

Performance

TPHD vs. FOVL - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Timothy Plan High Dividend Stock ETF (TPHD) and iShares Focused Value Factor ETF (FOVL). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

TPHD

• 1D: 0.29%
• 1M: 0.27%
• YTD: 9.67%
• 6M: 9.11%
• 1Y: 13.64%
• 3Y*: 13.44%
• 5Y*: 9.49%
• 10Y*: —

FOVL

• 1D: —
• 1M: —
• YTD: —
• 6M: —
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —

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

TPHD vs. FOVL - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019
TPHD Timothy Plan High Dividend Stock ETF	9.67%	8.28%	12.14%	8.86%	-1.91%	27.98%	-1.30%	9.57%
FOVL iShares Focused Value Factor ETF	0.00%	6.43%	22.87%	17.72%	-9.39%	40.14%	-13.20%	1.56%

Correlation

The correlation between TPHD and FOVL is 0.25, which is low. Their price movements are largely independent, making them effective diversification partners.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.25
Correlation (3Y) Calculated over the trailing 3-year period	0.70
Correlation (5Y) Calculated over the trailing 5-year period	0.77
Correlation (All Time) Calculated using the full available price history since May 1, 2019	0.81

Over the past year, the correlation between TPHD and FOVL has dropped to 0.25 - well below their long-term average of 0.81, suggesting their price drivers have been diverging.

TPHD vs. FOVL - Sectors Allocation Comparison

Sectors	TPHD	FOVL
Utilities	23.5%	7.5%
Industrials	18.0%	12.8%
Energy	14.9%	7.7%
Financial Services	12.8%	44.6%
Technology	9.7%	5.0%
Consumer Cyclical	8.8%	5.2%
Basic Materials	5.6%	-
Consumer Defensive	4.2%	5.0%
Healthcare	2.4%	4.9%
Communication Services	0.0%	4.7%
Real Estate	0.0%	2.6%

Return for Risk

TPHD vs. FOVL — Risk / Return Rank

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

TPHD

TPHD Risk / Return Rank: 40
TPHD Sharpe Ratio Rank: 38
TPHD Sortino Ratio Rank: 40
TPHD Omega Ratio Rank: 36
TPHD Calmar Ratio Rank: 48
TPHD Martin Ratio Rank: 41

FOVL

Risk / return metrics aren't available yet — we need at least 12 months of trading data to calculate them.

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.

TPHD vs. FOVL - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Timothy Plan High Dividend Stock ETF (TPHD) and iShares Focused Value Factor ETF (FOVL). 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	FOVL	Difference
Sharpe ratio: Return per unit of total volatility	1.29	—	—
Sortino ratio: Return per unit of downside risk	1.94	—	—
Omega ratio: Gain probability vs. loss probability	1.23	—	—
Calmar ratio: Return relative to maximum drawdown	2.25	—	—
Martin ratio: Return relative to average drawdown	6.21	—	—

Drawdowns

Drawdown Indicators

	TPHD	FOVL	Difference
Max Drawdown Largest peak-to-trough decline	-41.71%	—	—
Max Drawdown (1Y) Largest decline over 1 year	-6.08%	—	—
Max Drawdown (3Y) Largest decline over 3 years	-15.89%	—	—
Max Drawdown (5Y) Largest decline over 5 years	-16.54%	—	—
Current Drawdown Current decline from peak	-2.26%	—	—
Average Drawdown Average peak-to-trough decline	-4.71%	—	—
Ulcer Index Depth and duration of drawdowns from previous peaks	2.20%	—	—

Volatility

Volatility by Period

	TPHD	FOVL	Difference
Volatility (1M) Calculated over the trailing 1-month period	3.01%	—	—
Volatility (6M) Calculated over the trailing 6-month period	7.42%	—	—
Volatility (1Y) Calculated over the trailing 1-year period	10.63%	—	—
Volatility (5Y) Calculated over the trailing 5-year period, annualized	14.58%	—	—
Volatility (10Y) Calculated over the trailing 10-year period, annualized	19.58%	—	—

TPHD vs. FOVL - Expense Ratio Comparison

TPHD has a 0.52% expense ratio, which is higher than FOVL's 0.25% expense ratio.

Dividends

TPHD vs. FOVL - Dividend Comparison

TPHD's dividend yield for the trailing twelve months is around 2.01%, while FOVL has not paid dividends to shareholders.

Position	TTM	2025	2024	2023	2022	2021	2020	2019
FOVL iShares Focused Value Factor ETF	0.00%	1.36%	2.08%	2.59%	3.38%	2.80%	2.88%	2.09%
TPHD Timothy Plan High Dividend Stock ETF	2.01%	2.10%	2.09%	2.19%	2.38%	1.86%	2.38%	1.61%

Frequently Asked Questions

Can I hold both TPHD and FOVL in my portfolio?

TPHD and FOVL have a correlation of 0.25, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which ETF is better, TPHD or FOVL?

On fees, FOVL is cheaper at 0.25% per year. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF is cheaper, TPHD or FOVL?

FOVL is cheaper with a 0.25% expense ratio, compared with 0.52% for TPHD.

Which ETF pays a higher dividend yield, TPHD or FOVL?

TPHD has the higher dividend yield at 2.01%, compared with 0.00% for FOVL.

What is the main difference between TPHD and FOVL?

TPHD tracks Victory US Large Cap High Dividend Volatility Weighted BRI Index, while FOVL tracks MSCI USA IMI Focused Value Factor Index. They also come from different issuers: Timothy Plan and iShares. Their fees differ too: 0.52% for TPHD and 0.25% for FOVL.