TPLC vs. FDLS

Last updated Aug 2, 2026

TPLC (Timothy Plan Fund Timothy Plan US Large/Mid Cap Core Fund) and FDLS (Inspire Fidelis Multi Factor ETF) are both exchange-traded funds - TPLC is a Mid Cap Growth Equities fund tracking the Victory U.S. Large Cap Volatility Weighted BRI Index, while FDLS is a Mid Cap Blend Equities fund tracking the WI Fidelis Multi-Cap, Multi-Factor Index - Benchmark TR Gross. Both are passively managed. Over the past 3 years, TPLC returned 11.85%/yr vs 17.43%/yr for FDLS. Their correlation of 0.85 means they have usually moved in the same direction. TPLC charges 0.52%/yr vs 0.76%/yr for FDLS.

Performance

TPLC vs. FDLS - Performance Comparison

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

Returns By Period

In the year-to-date period, TPLC achieves a 11.20% return, which is significantly lower than FDLS's 18.91% return.

TPLC

• 1D: 0.16%
• 1M: -0.50%
• 6M: 7.18%
• YTD: 11.20%
• 1Y: 13.26%
• 3Y*: 11.85%
• 5Y*: 7.98%
• 10Y*: —
• ALL TIME*: 10.96%

FDLS

• 1D: 0.26%
• 1M: 0.93%
• 6M: 13.39%
• YTD: 18.91%
• 1Y: 35.82%
• 3Y*: 17.43%
• 5Y*: —
• 10Y*: —
• ALL TIME*: 17.03%

*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)
FDLS Inspire Fidelis Multi Factor ETF	$1.07M	$1.36M	$1.52M
TPLC Timothy Plan Fund Timothy Plan US Large/Mid Cap Core Fund	$634.79K	$704.66K	$1.85M

TPLC vs. FDLS - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022
TPLC Timothy Plan Fund Timothy Plan US Large/Mid Cap Core Fund	11.20%	7.08%	13.10%	15.17%	-2.51%
FDLS Inspire Fidelis Multi Factor ETF	18.91%	22.47%	7.41%	20.70%	-1.68%

Correlation

The correlation between TPLC and FDLS is 0.76, 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.	0.76
Correlation (3Y) Balances recent behavior with more history.	0.85
Correlation (All Time) Calculated using the full available price history since Aug 24, 2022	0.85

The correlation between TPLC and FDLS has been stable across timeframes, ranging from 0.76 to 0.85 - a consistent structural relationship.

TPLC vs. FDLS - Sectors Allocation Comparison

Sectors	TPLC	FDLS
Industrials	23.4%	13.0%
Technology	18.6%	25.3%
Financial Services	11.5%	15.3%
Utilities	11.2%	1.0%
Healthcare	9.6%	12.8%
Consumer Cyclical	8.8%	7.5%
Energy	7.2%	9.2%
Basic Materials	5.7%	7.5%
Consumer Defensive	3.6%	4.2%
Communication Services	0.2%	2.3%
Real Estate	0.2%	1.9%

Return for Risk

TPLC vs. FDLS — Risk / Return Rank

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

TPLC

TPLC Risk / Return Rank: 43
TPLC Sharpe Ratio Rank: 42
TPLC Sortino Ratio Rank: 42
TPLC Omega Ratio Rank: 39
TPLC Calmar Ratio Rank: 44
TPLC Martin Ratio Rank: 50

FDLS

FDLS Risk / Return Rank: 86
FDLS Sharpe Ratio Rank: 85
FDLS Sortino Ratio Rank: 85
FDLS Omega Ratio Rank: 82
FDLS Calmar Ratio Rank: 88
FDLS Martin Ratio Rank: 90

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.

TPLC vs. FDLS - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Timothy Plan Fund Timothy Plan US Large/Mid Cap Core Fund (TPLC) and Inspire Fidelis Multi Factor ETF (FDLS). 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.

	TPLC	FDLS	Difference
Sharpe ratio: Return per unit of total volatility	1.04	2.00	-0.95
Sortino ratio: Return per unit of downside risk	1.56	2.82	-1.27
Omega ratio: Gain probability vs. loss probability	1.18	1.35	-0.17
Calmar ratio: Return relative to maximum drawdown	1.59	3.57	-1.98
Martin ratio: Return relative to average drawdown	5.75	14.14	-8.39

TPLC vs. FDLS - Sharpe Ratio Comparison

The current TPLC Sharpe Ratio is 1.04, which is lower than the FDLS Sharpe Ratio of 2.00. The chart below compares the historical Sharpe Ratios of TPLC and FDLS, 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

TPLC vs. FDLS - Drawdown Comparison

The maximum TPLC drawdown since its inception was -38.02%, which is greater than FDLS's maximum drawdown of -23.32%. Use the drawdown chart below to compare losses from any high point for TPLC and FDLS.

Drawdown Indicators

	TPLC	FDLS	Difference
Max Drawdown Largest peak-to-trough decline	-38.02%	-23.32%	-14.70%
Max Drawdown (1Y) Largest decline over 1 year	-7.58%	-9.55%	+1.97%
Max Drawdown (3Y) Largest decline over 3 years	-18.18%	-23.32%	+5.14%
Max Drawdown (5Y) Largest decline over 5 years	-21.63%	—	—
Current Drawdown Current decline from peak	-1.31%	-0.66%	-0.65%
Average Drawdown Average peak-to-trough decline	-5.20%	-3.76%	-1.44%
Ulcer Index Depth and duration of drawdowns from previous peaks	2.09%	2.41%	-0.32%

Volatility

TPLC vs. FDLS - Volatility Comparison

The current volatility for Timothy Plan Fund Timothy Plan US Large/Mid Cap Core Fund (TPLC) is 2.63%, while Inspire Fidelis Multi Factor ETF (FDLS) has a volatility of 3.54%. This indicates that TPLC experiences smaller price fluctuations and is considered to be less risky than FDLS based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	TPLC	FDLS	Difference
Volatility (1M) Calculated over the trailing 1-month period	2.63%	3.54%	-0.91%
Volatility (6M) Calculated over the trailing 6-month period	8.37%	12.63%	-4.26%
Volatility (1Y) Calculated over the trailing 1-year period	11.58%	17.09%	-5.51%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	16.12%	18.91%	-2.79%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	19.73%	18.91%	+0.82%

TPLC vs. FDLS - Expense Ratio Comparison

TPLC has a 0.52% expense ratio, which is lower than FDLS's 0.76% expense ratio.

Dividends

TPLC vs. FDLS - Dividend Comparison

TPLC's dividend yield for the trailing twelve months is around 0.83%, more than FDLS's 0.80% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019
FDLS Inspire Fidelis Multi Factor ETF	0.80%	0.86%	7.26%	0.97%	0.31%	0.00%	0.00%	0.00%
TPLC Timothy Plan Fund Timothy Plan US Large/Mid Cap Core Fund	0.83%	0.89%	0.88%	0.89%	1.06%	0.61%	0.81%	0.67%

Frequently Asked Questions

Can I hold both TPLC and FDLS in my portfolio?

TPLC and FDLS have a correlation of 0.76, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, TPLC or FDLS?

FDLS has higher volatility (3.54%) compared to TPLC (2.63%). In terms of maximum drawdown, TPLC dropped -38.02% vs FDLS's -23.32%.

Which ETF is better, TPLC or FDLS?

On 3-year performance, FDLS leads with 17.43% vs 11.85% for TPLC. On fees, TPLC is cheaper at 0.52% per year. On volatility, TPLC has been the lower-risk option at 2.63%. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF has performed better, TPLC or FDLS?

Over the 3-year period, FDLS has performed better with a 17.43% return vs 11.85%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, TPLC or FDLS?

TPLC is cheaper with a 0.52% expense ratio, compared with 0.76% for FDLS.

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

TPLC has the higher dividend yield at 0.83%, compared with 0.80% for FDLS.

What is the main difference between TPLC and FDLS?

TPLC is categorized as Mid Cap Growth Equities, while FDLS is Mid Cap Blend Equities. TPLC tracks Victory U.S. Large Cap Volatility Weighted BRI Index, while FDLS tracks WI Fidelis Multi-Cap, Multi-Factor Index - Benchmark TR Gross. They also come from different issuers: Timothy Plan and Inspire. Their fees differ too: 0.52% for TPLC and 0.76% for FDLS.

Which has better risk-adjusted returns?

FDLS currently has the higher Sharpe Ratio (2.00 vs 1.04), 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.