TPHD vs. TPLC

Last updated Jun 23, 2026

TPHD (Timothy Plan High Dividend Stock ETF) and TPLC (Timothy Plan Fund Timothy Plan US Large/Mid Cap Core Fund) 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 TPLC is a Mid Cap Growth Equities fund tracking the Victory U.S. Large Cap Volatility Weighted BRI Index. Both are passively managed. Over the past 5 years, TPHD returned 9.54%/yr vs 8.58%/yr for TPLC. Their correlation of 0.89 suggests significant overlap in exposure. Both charge a 0.52% expense ratio.

Performance

TPHD vs. TPLC - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Timothy Plan High Dividend Stock ETF (TPHD) and Timothy Plan Fund Timothy Plan US Large/Mid Cap Core Fund (TPLC). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

The year-to-date returns for both investments are quite close, with TPHD having a 9.36% return and TPLC slightly higher at 9.75%.

TPHD

• 1D: 0.29%
• 1M: -0.01%
• YTD: 9.36%
• 6M: 8.85%
• 1Y: 14.04%
• 3Y*: 13.33%
• 5Y*: 9.54%
• 10Y*: —

TPLC

• 1D: 0.30%
• 1M: 2.01%
• YTD: 9.75%
• 6M: 8.29%
• 1Y: 14.27%
• 3Y*: 13.63%
• 5Y*: 8.58%
• 10Y*: —

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

TPHD vs. TPLC - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019
TPHD Timothy Plan High Dividend Stock ETF	9.36%	8.28%	12.14%	8.86%	-1.91%	27.98%	-1.30%	9.57%
TPLC Timothy Plan Fund Timothy Plan US Large/Mid Cap Core Fund	9.75%	7.08%	13.10%	15.17%	-12.58%	26.34%	14.55%	8.32%

Correlation

The correlation between TPHD and TPLC is 0.84, indicating a strong positive relationship between their price movements. Combining them offers limited diversification - they tend to fall together during downturns.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.84
Correlation (3Y) Calculated over the trailing 3-year period	0.87
Correlation (5Y) Calculated over the trailing 5-year period	0.89
Correlation (All Time) Calculated using the full available price history since May 1, 2019	0.89

The correlation between TPHD and TPLC has been stable across timeframes, ranging from 0.84 to 0.89 - a consistent structural relationship.

TPHD vs. TPLC - Sectors Allocation Comparison

Sectors	TPHD	TPLC
Utilities	23.5%	11.0%
Industrials	18.0%	22.6%
Energy	14.9%	7.6%
Financial Services	12.8%	11.6%
Technology	9.7%	19.0%
Consumer Cyclical	8.8%	8.6%
Basic Materials	5.6%	6.0%
Consumer Defensive	4.2%	3.6%
Healthcare	2.4%	9.5%
Communication Services	0.0%	0.3%
Real Estate	0.0%	0.2%

Return for Risk

TPHD vs. TPLC — Risk / Return Rank

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

TPHD

TPHD Risk / Return Rank: 41
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

TPLC

TPLC Risk / Return Rank: 37
TPLC Sharpe Ratio Rank: 35
TPLC Sortino Ratio Rank: 35
TPLC Omega Ratio Rank: 32
TPLC Calmar Ratio Rank: 39
TPLC 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.

TPHD vs. TPLC - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Timothy Plan High Dividend Stock ETF (TPHD) and Timothy Plan Fund Timothy Plan US Large/Mid Cap Core Fund (TPLC). 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	TPLC	Difference
Sharpe ratio: Return per unit of total volatility	1.33	1.22	+0.11
Sortino ratio: Return per unit of downside risk	1.99	1.80	+0.18
Omega ratio: Gain probability vs. loss probability	1.23	1.21	+0.02
Calmar ratio: Return relative to maximum drawdown	2.32	1.89	+0.43
Martin ratio: Return relative to average drawdown	6.41	6.72	-0.31

TPHD vs. TPLC - Sharpe Ratio Comparison

The current TPHD Sharpe Ratio is 1.33, which is comparable to the TPLC Sharpe Ratio of 1.22. The chart below compares the historical Sharpe Ratios of TPHD and TPLC, 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

TPHD vs. TPLC - Drawdown Comparison

The maximum TPHD drawdown since its inception was -41.71%, which is greater than TPLC's maximum drawdown of -38.02%. Use the drawdown chart below to compare losses from any high point for TPHD and TPLC.

Drawdown Indicators

	TPHD	TPLC	Difference
Max Drawdown Largest peak-to-trough decline	-41.71%	-38.02%	-3.69%
Max Drawdown (1Y) Largest decline over 1 year	-6.08%	-7.58%	+1.50%
Max Drawdown (3Y) Largest decline over 3 years	-15.89%	-18.18%	+2.29%
Max Drawdown (5Y) Largest decline over 5 years	-16.54%	-21.63%	+5.09%
Current Drawdown Current decline from peak	-2.54%	-0.50%	-2.04%
Average Drawdown Average peak-to-trough decline	-4.71%	-5.27%	+0.56%
Ulcer Index Depth and duration of drawdowns from previous peaks	2.20%	2.13%	+0.07%

Volatility

TPHD vs. TPLC - Volatility Comparison

The current volatility for Timothy Plan High Dividend Stock ETF (TPHD) is 3.01%, while Timothy Plan Fund Timothy Plan US Large/Mid Cap Core Fund (TPLC) has a volatility of 3.39%. This indicates that TPHD experiences smaller price fluctuations and is considered to be less risky than TPLC based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	TPHD	TPLC	Difference
Volatility (1M) Calculated over the trailing 1-month period	3.01%	3.39%	-0.38%
Volatility (6M) Calculated over the trailing 6-month period	7.43%	8.71%	-1.28%
Volatility (1Y) Calculated over the trailing 1-year period	10.65%	11.76%	-1.11%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	14.59%	16.16%	-1.57%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	19.58%	19.86%	-0.28%

TPHD vs. TPLC - Expense Ratio Comparison

Both TPHD and TPLC have an expense ratio of 0.52%.

Dividends

TPHD vs. TPLC - Dividend Comparison

TPHD's dividend yield for the trailing twelve months is around 2.01%, more than TPLC's 0.85% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019
TPHD Timothy Plan High Dividend Stock ETF	2.01%	2.10%	2.09%	2.19%	2.38%	1.86%	2.38%	1.61%
TPLC Timothy Plan Fund Timothy Plan US Large/Mid Cap Core Fund	0.85%	0.89%	0.88%	0.89%	1.06%	0.61%	0.81%	0.67%

Frequently Asked Questions

Can I hold both TPHD and TPLC in my portfolio?

TPHD and TPLC have a correlation of 0.84, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, TPHD or TPLC?

TPLC has higher volatility (3.39%) compared to TPHD (3.01%). In terms of maximum drawdown, TPHD dropped -41.71% vs TPLC's -38.02%.

Which ETF is better, TPHD or TPLC?

On 5-year performance, TPHD leads with 9.54% vs 8.58% for TPLC. Both ETFs have the same 0.52% expense ratio. On volatility, TPHD has been the lower-risk option at 3.01%. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF has performed better, TPHD or TPLC?

Over the 5-year period, TPHD has performed better with a 9.54% return vs 8.58%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, TPHD or TPLC?

TPHD and TPLC have the same expense ratio: 0.52% per year.

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

TPHD has the higher dividend yield at 2.01%, compared with 0.85% for TPLC.

What is the main difference between TPHD and TPLC?

TPHD is categorized as Mid Cap Value Equities, while TPLC is Mid Cap Growth Equities. TPHD tracks Victory US Large Cap High Dividend Volatility Weighted BRI Index, while TPLC tracks Victory U.S. Large Cap Volatility Weighted BRI Index.

Which has better risk-adjusted returns?

TPHD currently has the higher Sharpe Ratio (1.33 vs 1.22), 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.