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TPHD vs. IWS
Performance
Return for Risk
Drawdowns
Volatility
Dividends

TPHD vs. IWS

Last updated Aug 2, 2026
Documentation

TPHD (Timothy Plan High Dividend Stock ETF) and IWS (iShares Russell Mid-Cap Value ETF) are both Mid Cap Value Equities funds - TPHD tracks the Victory US Large Cap High Dividend Volatility Weighted BRI Index while IWS tracks the Russell Midcap Value Index. Both are passively managed. Over the past 5 years, TPHD returned 9.62%/yr vs 9.45%/yr for IWS. Their correlation of 0.91 means they have usually moved in the same direction. TPHD charges 0.52%/yr vs 0.23%/yr for IWS.

Performance

TPHD vs. IWS - Performance Comparison

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

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Returns By Period

In the year-to-date period, TPHD achieves a 13.29% return, which is significantly lower than IWS's 19.19% return.

TPHD

1D
0.16%
1M
0.88%
6M
7.48%
YTD
13.29%
1Y
15.48%
3Y*
12.08%
5Y*
9.62%
10Y*
—
ALL TIME*
10.28%

IWS

1D
-0.31%
1M
0.62%
6M
14.40%
YTD
19.19%
1Y
27.66%
3Y*
15.33%
5Y*
9.45%
10Y*
10.30%
ALL TIME*
9.96%
*Multi-year figures are annualized to reflect compound growth (CAGR)

Liquidity Comparison

PositionAvg. Volume Value (2W)Avg. Volume Value (1M)Avg. Volume Value (3M)

IWS

iShares Russell Mid-Cap Value ETF
$90.38M$82.14M$73.71M

TPHD

Timothy Plan High Dividend Stock ETF
$823.76K$794.79K$770.63K

TPHD vs. IWS - Yearly Performance Comparison

2026 (YTD)2025202420232022202120202019
TPHD
Timothy Plan High Dividend Stock ETF		13.29%8.28%12.14%8.86%-1.91%27.98%-1.30%9.57%
IWS
iShares Russell Mid-Cap Value ETF		19.19%10.82%12.91%12.52%-12.29%28.10%4.83%7.38%

Correlation

The correlation between TPHD and IWS is 0.74, which is moderate. They have sometimes moved together and sometimes differently, sharing some price drivers without tracking each other closely.

Correlation
Correlation (1Y)
Focuses on recent behavior, but can change the most.

0.74

Correlation (3Y)
Balances recent behavior with more history.

0.86

Correlation (5Y)
Shows whether the relationship held over a longer period.

0.89

Correlation (All Time)
Calculated using the full available price history since May 1, 2019

0.91

The correlation between TPHD and IWS shifts across timeframes, from 0.74 (1 year) to 0.91 (all time), reflecting how their relationship changes across market environments.

TPHD vs. IWS - Sectors Allocation Comparison

Sectors
TPHD
IWS

Utilities

24.1%
7.2%

Industrials

18.7%
14.9%

Energy

14.0%
7.1%

Financial Services

12.8%
16.3%

Consumer Cyclical

9.2%
8.5%

Technology

8.8%
13.3%

Basic Materials

5.4%
5.9%

Consumer Defensive

4.3%
5.7%

Healthcare

2.6%
9.9%

Communication Services

0.0%
2.4%

Real Estate

0.0%
8.7%

Utilities

TPHD
24.1%
IWS
7.2%

Industrials

TPHD
18.7%
IWS
14.9%

Energy

TPHD
14.0%
IWS
7.1%

Financial Services

TPHD
12.8%
IWS
16.3%

Consumer Cyclical

TPHD
9.2%
IWS
8.5%

Technology

TPHD
8.8%
IWS
13.3%

Basic Materials

TPHD
5.4%
IWS
5.9%

Consumer Defensive

TPHD
4.3%
IWS
5.7%

Healthcare

TPHD
2.6%
IWS
9.9%

Communication Services

TPHD
0.0%
IWS
2.4%

Real Estate

TPHD
0.0%
IWS
8.7%

Compare stocks, funds, or ETFs

Search for stocks, ETFs, and funds for a quick comparison or use the comparison tool for more options.

Timothy Plan High Dividend Stock ETF

iShares Russell Mid-Cap Value ETF

Often compared with TPHD:
TPHD vs. BIBLTPHD vs. SCHDTPHD vs. PRAYTPHD vs. TPLCTPHD vs. ISMDTPHD vs. ETIDXTPHD vs. TPIF
Often compared with IWS:
IWS vs. IWPIWS vs. IWNIWS vs. IMCVIWS vs. IWDIWS vs. FIMVXIWS vs. VBRIWS vs. IVV

Return for Risk

TPHD vs. IWS — Risk / Return Rank

Compare historical risk-adjusted metric ranks over the past 12 months.
TPHD
TPHD Risk / Return Rank: 6060
Overall Rank
TPHD Sharpe Ratio Rank: 5858
Sharpe Ratio Rank
TPHD Sortino Ratio Rank: 6262
Sortino Ratio Rank
TPHD Omega Ratio Rank: 5454
Omega Ratio Rank
TPHD Calmar Ratio Rank: 6969
Calmar Ratio Rank
TPHD Martin Ratio Rank: 5656
Martin Ratio Rank
IWS
IWS Risk / Return Rank: 8585
Overall Rank
IWS Sharpe Ratio Rank: 8484
Sharpe Ratio Rank
IWS Sortino Ratio Rank: 8585
Sortino Ratio Rank
IWS Omega Ratio Rank: 8181
Omega Ratio Rank
IWS Calmar Ratio Rank: 8787
Calmar Ratio Rank
IWS Martin Ratio Rank: 8888
Martin Ratio Rank
The rank (0–100) uses a weighted average of the Sharpe, Sortino, Omega, Calmar, and Martin percentile ranks for the trailing 12 months. Higher means stronger historical risk-adjusted performance within the peer group.

TPHD vs. IWS - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Timothy Plan High Dividend Stock ETF (TPHD) and iShares Russell Mid-Cap Value ETF (IWS). 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.

TPHDIWSDifference
Sharpe ratioReturn per unit of total volatility
1.37
1.94

-0.57

Sortino ratioReturn per unit of downside risk
2.08
2.81

-0.73

Omega ratioGain probability vs. loss probability

1.24

1.34

-0.10

Calmar ratioReturn relative to maximum drawdown

2.41

3.47

-1.06

Martin ratioReturn relative to average drawdown

6.70

13.35

-6.65

TPHD vs. IWS - Sharpe Ratio Comparison

The current TPHD Sharpe Ratio is 1.37, which is comparable to the IWS Sharpe Ratio of 1.94. The chart below compares the historical Sharpe Ratios of TPHD and IWS, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

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Drawdowns

TPHD vs. IWS - Drawdown Comparison

The maximum TPHD drawdown since its inception was -41.71%, smaller than the maximum IWS drawdown of -62.40%. Use the drawdown chart below to compare losses from any high point for TPHD and IWS.

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Drawdown Indicators

TPHDIWSDifference

Max Drawdown

Largest peak-to-trough decline

-41.71%

-62.40%

+20.69%

Max Drawdown (1Y)

Largest decline over 1 year

-6.08%

-7.53%

+1.45%

Max Drawdown (3Y)

Largest decline over 3 years

-15.89%

-20.57%

+4.68%

Max Drawdown (5Y)

Largest decline over 5 years

-16.54%

-21.23%

+4.69%

Max Drawdown (10Y)

Largest decline over 10 years

—

-43.83%

—

Current Drawdown

Current decline from peak

-1.64%

-1.38%

-0.26%

Average Drawdown

Average peak-to-trough decline

-4.65%

-7.97%

+3.32%

Ulcer Index

Depth and duration of drawdowns from previous peaks

2.18%

1.95%

+0.23%

Volatility

TPHD vs. IWS - Volatility Comparison

Timothy Plan High Dividend Stock ETF (TPHD) has a higher volatility of 3.72% compared to iShares Russell Mid-Cap Value ETF (IWS) at 2.96%. This indicates that TPHD's price experiences larger fluctuations and is considered to be riskier than IWS based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

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Volatility by Period

TPHDIWSDifference

Volatility (1M)

Calculated over the trailing 1-month period

3.72%

2.96%

+0.76%

Volatility (6M)

Calculated over the trailing 6-month period

7.45%

9.98%

-2.53%

Volatility (1Y)

Calculated over the trailing 1-year period

10.66%

13.46%

-2.80%

Volatility (5Y)

Calculated over the trailing 5-year period, annualized

14.59%

17.26%

-2.67%

Volatility (10Y)

Calculated over the trailing 10-year period, annualized

19.48%

19.30%

+0.18%

TPHD vs. IWS - Expense Ratio Comparison

TPHD has a 0.52% expense ratio, which is higher than IWS's 0.23% expense ratio.

Dividends

TPHD vs. IWS - Dividend Comparison

TPHD's dividend yield for the trailing twelve months is around 1.92%, more than IWS's 1.30% yield.

PositionTTM20252024202320222021202020192018201720162015
IWS
iShares Russell Mid-Cap Value ETF		1.30%1.53%1.50%1.76%1.93%1.39%1.87%1.97%2.53%1.96%2.10%2.14%
TPHD
Timothy Plan High Dividend Stock ETF		1.92%2.10%2.09%2.19%2.38%1.86%2.38%1.61%0.00%0.00%0.00%0.00%

Frequently Asked Questions

TPHD and IWS have a correlation of 0.74, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

TPHD has higher volatility (3.72%) compared to IWS (2.96%). In terms of maximum drawdown, TPHD dropped -41.71% vs IWS's -62.40%.

On 5-year performance, TPHD leads with 9.62% vs 9.45% for IWS. On fees, IWS is cheaper at 0.23% per year. On volatility, IWS has been the lower-risk option at 2.96%. The better choice depends on whether you care most about return, fees, risk, or income.

Over the 5-year period, TPHD has performed better with a 9.62% return vs 9.45%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

IWS is cheaper with a 0.23% expense ratio, compared with 0.52% for TPHD.

TPHD has the higher dividend yield at 1.92%, compared with 1.30% for IWS.

TPHD tracks Victory US Large Cap High Dividend Volatility Weighted BRI Index, while IWS tracks Russell Midcap Value Index. They also come from different issuers: Timothy Plan and iShares. Their fees differ too: 0.52% for TPHD and 0.23% for IWS.

IWS currently has the higher Sharpe Ratio (1.94 vs 1.37), 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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