TPIF vs. IFLO

Last updated Aug 4, 2026

TPIF (Timothy Plan International ETF) and IFLO (VictoryShares International Free Cash Flow ETF) are both Foreign Large Cap Equities funds - TPIF tracks the Victory International Volatility Weighted BRI Index while IFLO tracks the Victory International Free Cash Flow Index. Both are passively managed. Over the past year, TPIF returned 23.04% vs 37.36% for IFLO. Their correlation of 0.86 means they have usually moved in the same direction. TPIF charges 0.62%/yr vs 0.56%/yr for IFLO.

Performance

TPIF vs. IFLO - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Timothy Plan International ETF (TPIF) and VictoryShares International Free Cash Flow ETF (IFLO). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, TPIF achieves a 11.59% return, which is significantly lower than IFLO's 22.99% return.

TPIF

• 1D: 0.42%
• 1M: 1.47%
• 6M: 5.91%
• YTD: 11.59%
• 1Y: 23.04%
• 3Y*: 17.90%
• 5Y*: 7.87%
• 10Y*: —
• ALL TIME*: 9.47%

IFLO

• 1D: 0.32%
• 1M: 3.40%
• 6M: 17.50%
• YTD: 22.99%
• 1Y: 37.36%
• 3Y*: —
• 5Y*: —
• 10Y*: —
• ALL TIME*: 34.89%

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

Liquidity Comparison

Position	Avg. Volume Value (2W)	Avg. Volume Value (1M)	Avg. Volume Value (3M)
IFLO VictoryShares International Free Cash Flow ETF	$3.62M	$1.99M	$909.30K
TPIF Timothy Plan International ETF	$1.01M	$1.05M	$1.25M

TPIF vs. IFLO - Yearly Performance Comparison

	2026 (YTD)	2025
TPIF Timothy Plan International ETF	11.59%	10.70%
IFLO VictoryShares International Free Cash Flow ETF	22.99%	13.12%

Correlation

The correlation between TPIF and IFLO is 0.86, meaning they have usually moved in the same direction, including during past declines.

	Correlation
Correlation (1Y) Focuses on recent behavior, but can change the most.	0.86
Correlation (All Time) Calculated using the full available price history since Jun 26, 2025	0.86

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

TPIF vs. IFLO - Sectors Allocation Comparison

Sectors	TPIF	IFLO
Industrials	25.2%	17.8%
Financial Services	24.8%	0.8%
Utilities	8.6%	0.8%
Basic Materials	8.4%	13.8%
Technology	7.6%	16.8%
Healthcare	5.9%	12.7%
Consumer Cyclical	5.7%	10.8%
Energy	5.6%	14.4%
Consumer Defensive	3.6%	6.7%
Communication Services	2.4%	5.3%
Real Estate	2.2%	0.0%

Return for Risk

TPIF vs. IFLO — Risk / Return Rank

Compare historical risk-adjusted metric ranks over the past 12 months.

TPIF

TPIF Risk / Return Rank: 64
TPIF Sharpe Ratio Rank: 65
TPIF Sortino Ratio Rank: 64
TPIF Omega Ratio Rank: 65
TPIF Calmar Ratio Rank: 61
TPIF Martin Ratio Rank: 68

IFLO

IFLO Risk / Return Rank: 93
IFLO Sharpe Ratio Rank: 93
IFLO Sortino Ratio Rank: 93
IFLO Omega Ratio Rank: 91
IFLO Calmar Ratio Rank: 95
IFLO Martin Ratio Rank: 94

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.

TPIF vs. IFLO - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Timothy Plan International ETF (TPIF) and VictoryShares International Free Cash Flow ETF (IFLO). 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.

	TPIF	IFLO	Difference
Sharpe ratio: Return per unit of total volatility	1.61	2.61	-1.00
Sortino ratio: Return per unit of downside risk	2.25	3.65	-1.40
Omega ratio: Gain probability vs. loss probability	1.29	1.46	-0.17
Calmar ratio: Return relative to maximum drawdown	2.27	5.83	-3.56
Martin ratio: Return relative to average drawdown	8.65	20.08	-11.42

TPIF vs. IFLO - Sharpe Ratio Comparison

The current TPIF Sharpe Ratio is 1.61, which is lower than the IFLO Sharpe Ratio of 2.61. The chart below compares the historical Sharpe Ratios of TPIF and IFLO, 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

TPIF vs. IFLO - Drawdown Comparison

The maximum TPIF drawdown since its inception was -34.02%, which is greater than IFLO's maximum drawdown of -6.44%. Use the drawdown chart below to compare losses from any high point for TPIF and IFLO.

Drawdown Indicators

	TPIF	IFLO	Difference
Max Drawdown Largest peak-to-trough decline	-34.02%	-6.44%	-27.58%
Max Drawdown (1Y) Largest decline over 1 year	-10.19%	-6.44%	-3.75%
Max Drawdown (3Y) Largest decline over 3 years	-11.68%	—	—
Max Drawdown (5Y) Largest decline over 5 years	-32.11%	—	—
Current Drawdown Current decline from peak	-0.47%	-1.41%	+0.94%
Average Drawdown Average peak-to-trough decline	-7.81%	-1.29%	-6.52%
Ulcer Index Depth and duration of drawdowns from previous peaks	2.67%	1.87%	+0.80%

Volatility

TPIF vs. IFLO - Volatility Comparison

Timothy Plan International ETF (TPIF) has a higher volatility of 4.06% compared to VictoryShares International Free Cash Flow ETF (IFLO) at 3.79%. This indicates that TPIF's price experiences larger fluctuations and is considered to be riskier than IFLO based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	TPIF	IFLO	Difference
Volatility (1M) Calculated over the trailing 1-month period	4.06%	3.79%	+0.27%
Volatility (6M) Calculated over the trailing 6-month period	12.59%	12.19%	+0.40%
Volatility (1Y) Calculated over the trailing 1-year period	14.44%	14.41%	+0.03%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	15.78%	14.56%	+1.22%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	18.23%	14.56%	+3.67%

TPIF vs. IFLO - Expense Ratio Comparison

TPIF has a 0.62% expense ratio, which is higher than IFLO's 0.56% expense ratio.

Dividends

TPIF vs. IFLO - Dividend Comparison

TPIF's dividend yield for the trailing twelve months is around 2.68%, more than IFLO's 1.51% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019
IFLO VictoryShares International Free Cash Flow ETF	1.51%	0.73%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
TPIF Timothy Plan International ETF	2.68%	2.65%	2.98%	2.40%	2.58%	2.38%	1.72%	0.13%

Frequently Asked Questions

Can I hold both TPIF and IFLO in my portfolio?

TPIF and IFLO 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, TPIF or IFLO?

TPIF has higher volatility (4.06%) compared to IFLO (3.79%). In terms of maximum drawdown, TPIF dropped -34.02% vs IFLO's -6.44%.

Which ETF is better, TPIF or IFLO?

On 1-year performance, IFLO leads with 37.36% vs 23.04% for TPIF. On fees, IFLO is cheaper at 0.56% per year. On volatility, IFLO has been the lower-risk option at 3.79%. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF has performed better, TPIF or IFLO?

Over the 1-year period, IFLO has performed better with a 37.36% return vs 23.04%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, TPIF or IFLO?

IFLO is cheaper with a 0.56% expense ratio, compared with 0.62% for TPIF.

Which ETF pays a higher dividend yield, TPIF or IFLO?

TPIF has the higher dividend yield at 2.68%, compared with 1.51% for IFLO.

What is the main difference between TPIF and IFLO?

TPIF tracks Victory International Volatility Weighted BRI Index, while IFLO tracks Victory International Free Cash Flow Index. They also come from different issuers: Timothy Plan and VictoryShares. Their fees differ too: 0.62% for TPIF and 0.56% for IFLO.

Which has better risk-adjusted returns?

IFLO currently has the higher Sharpe Ratio (2.61 vs 1.61), 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.