TPIAX vs. TSGAX

Last updated Jun 23, 2026

TPIAX (Timothy Plan International Fund) and TSGAX (Timothy Plan Strategic Growth Fund) are both mutual funds - TPIAX is a Foreign Large Cap Equities fund managed by Timothy Plan, while TSGAX is a Diversified Portfolio fund managed by Timothy Plan. Over the past 10 years, TPIAX returned 9.28%/yr vs 5.60%/yr for TSGAX. Their correlation of 0.89 suggests significant overlap in exposure. TPIAX charges 1.64%/yr vs 1.09%/yr for TSGAX.

Performance

TPIAX vs. TSGAX - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Timothy Plan International Fund (TPIAX) 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, TPIAX achieves a 14.20% return, which is significantly higher than TSGAX's 7.80% return. Over the past 10 years, TPIAX has outperformed TSGAX with an annualized return of 9.28%, while TSGAX has yielded a comparatively lower 5.60% annualized return.

TPIAX

• 1D: 1.46%
• 1M: 4.75%
• YTD: 14.20%
• 6M: 13.76%
• 1Y: 30.41%
• 3Y*: 17.68%
• 5Y*: 8.50%
• 10Y*: 9.28%

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)

TPIAX vs. TSGAX - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
TPIAX Timothy Plan International Fund	14.20%	28.36%	7.48%	14.55%	-17.62%	8.02%	21.71%	22.54%	-18.90%	23.64%
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 TPIAX and TSGAX is 0.86, 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	0.86
Correlation (3Y) Calculated over the trailing 3-year period	0.87
Correlation (5Y) Calculated over the trailing 5-year period	0.90
Correlation (10Y) Calculated over the trailing 10-year period	0.89
Correlation (All Time) Calculated using the full available price history since May 3, 2007	0.89

The correlation between TPIAX and TSGAX has been stable across timeframes, ranging from 0.86 to 0.90 - a consistent structural relationship.

Return for Risk

TPIAX vs. TSGAX — Risk / Return Rank

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

TPIAX

TPIAX Risk / Return Rank: 46
TPIAX Sharpe Ratio Rank: 44
TPIAX Sortino Ratio Rank: 45
TPIAX Omega Ratio Rank: 43
TPIAX Calmar Ratio Rank: 48
TPIAX Martin Ratio Rank: 50

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.

TPIAX vs. TSGAX - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Timothy Plan International Fund (TPIAX) 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.

	TPIAX	TSGAX	Difference
Sharpe ratio: Return per unit of total volatility	1.81	1.58	+0.23
Sortino ratio: Return per unit of downside risk	2.58	2.31	+0.27
Omega ratio: Gain probability vs. loss probability	1.33	1.29	+0.04
Calmar ratio: Return relative to maximum drawdown	2.53	2.23	+0.30
Martin ratio: Return relative to average drawdown	9.82	8.56	+1.26

TPIAX vs. TSGAX - Sharpe Ratio Comparison

The current TPIAX Sharpe Ratio is 1.81, which is comparable to the TSGAX Sharpe Ratio of 1.58. The chart below compares the historical Sharpe Ratios of TPIAX 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

TPIAX vs. TSGAX - Drawdown Comparison

The maximum TPIAX drawdown since its inception was -58.51%, which is greater than TSGAX's maximum drawdown of -54.36%. Use the drawdown chart below to compare losses from any high point for TPIAX and TSGAX.

Drawdown Indicators

	TPIAX	TSGAX	Difference
Max Drawdown Largest peak-to-trough decline	-58.51%	-54.36%	-4.15%
Max Drawdown (1Y) Largest decline over 1 year	-11.62%	-6.75%	-4.87%
Max Drawdown (3Y) Largest decline over 3 years	-14.37%	-10.10%	-4.27%
Max Drawdown (5Y) Largest decline over 5 years	-32.64%	-19.78%	-12.86%
Max Drawdown (10Y) Largest decline over 10 years	-36.22%	-27.47%	-8.75%
Current Drawdown Current decline from peak	0.00%	0.00%	0.00%
Average Drawdown Average peak-to-trough decline	-17.19%	-11.64%	-5.55%
Ulcer Index Depth and duration of drawdowns from previous peaks	2.99%	1.76%	+1.23%

Volatility

TPIAX vs. TSGAX - Volatility Comparison

Timothy Plan International Fund (TPIAX) has a higher volatility of 5.81% compared to Timothy Plan Strategic Growth Fund (TSGAX) at 3.48%. This indicates that TPIAX's price experiences larger fluctuations and is considered to be riskier than TSGAX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	TPIAX	TSGAX	Difference
Volatility (1M) Calculated over the trailing 1-month period	5.81%	3.48%	+2.33%
Volatility (6M) Calculated over the trailing 6-month period	13.90%	7.53%	+6.37%
Volatility (1Y) Calculated over the trailing 1-year period	16.27%	9.52%	+6.75%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	16.73%	10.26%	+6.47%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	17.23%	11.36%	+5.87%

TPIAX vs. TSGAX - Expense Ratio Comparison

TPIAX has a 1.64% expense ratio, which is higher than TSGAX's 1.09% expense ratio.

Dividends

TPIAX vs. TSGAX - Dividend Comparison

TPIAX's dividend yield for the trailing twelve months is around 1.63%, more than TSGAX's 1.08% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
TPIAX Timothy Plan International Fund	1.63%	1.86%	2.07%	0.98%	0.45%	0.45%	0.00%	0.78%	1.21%	2.13%	1.05%	1.11%
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 TPIAX and TSGAX in my portfolio?

TPIAX and TSGAX have a correlation of 0.86, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, TPIAX or TSGAX?

TPIAX has higher volatility (5.81%) compared to TSGAX (3.48%). In terms of maximum drawdown, TPIAX dropped -58.51% vs TSGAX's -54.36%.

Which has better risk-adjusted returns?

TPIAX currently has the higher Sharpe Ratio (1.81 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.