TPLC vs. JHMM

Last updated Aug 2, 2026

TPLC (Timothy Plan Fund Timothy Plan US Large/Mid Cap Core Fund) and JHMM (John Hancock Multifactor Mid Cap ETF) are both Mid Cap Growth Equities funds - TPLC tracks the Victory U.S. Large Cap Volatility Weighted BRI Index while JHMM tracks the John Hancock Dimensional Mid Cap Index. Both are passively managed. Over the past 5 years, TPLC returned 7.98%/yr vs 8.30%/yr for JHMM. Their 0.96 correlation means they have historically moved very closely together. TPLC charges 0.52%/yr vs 0.42%/yr for JHMM.

Performance

TPLC vs. JHMM - 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 John Hancock Multifactor Mid Cap ETF (JHMM). 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 JHMM's 13.54% 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%

JHMM

• 1D: -0.01%
• 1M: -0.44%
• 6M: 8.72%
• YTD: 13.54%
• 1Y: 21.81%
• 3Y*: 14.22%
• 5Y*: 8.30%
• 10Y*: 11.70%
• ALL TIME*: 12.03%

*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)
JHMM John Hancock Multifactor Mid Cap ETF	$16.53M	$15.46M	$17.20M
TPLC Timothy Plan Fund Timothy Plan US Large/Mid Cap Core Fund	$634.79K	$704.66K	$1.85M

TPLC vs. JHMM - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019
TPLC Timothy Plan Fund Timothy Plan US Large/Mid Cap Core Fund	11.20%	7.08%	13.10%	15.17%	-12.58%	26.34%	14.55%	8.32%
JHMM John Hancock Multifactor Mid Cap ETF	13.54%	10.73%	14.61%	14.53%	-15.30%	24.54%	16.22%	8.01%

Correlation

The correlation between TPLC and JHMM is 0.93, 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.	0.93
Correlation (3Y) Balances recent behavior with more history.	0.96
Correlation (5Y) Shows whether the relationship held over a longer period.	0.96
Correlation (All Time) Calculated using the full available price history since May 1, 2019	0.96

The correlation between TPLC and JHMM has been stable across timeframes, ranging from 0.93 to 0.96 - a consistent structural relationship.

TPLC vs. JHMM - Sectors Allocation Comparison

Sectors	TPLC	JHMM
Industrials	23.4%	16.4%
Technology	18.6%	18.1%
Financial Services	11.5%	20.1%
Utilities	11.2%	3.7%
Healthcare	9.6%	8.5%
Consumer Cyclical	8.8%	8.3%
Energy	7.2%	1.8%
Basic Materials	5.7%	7.4%
Consumer Defensive	3.6%	6.1%
Communication Services	0.2%	1.0%
Real Estate	0.2%	8.1%

Return for Risk

TPLC vs. JHMM — 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

JHMM

JHMM Risk / Return Rank: 64
JHMM Sharpe Ratio Rank: 60
JHMM Sortino Ratio Rank: 61
JHMM Omega Ratio Rank: 57
JHMM Calmar Ratio Rank: 67
JHMM Martin Ratio Rank: 73

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. JHMM - 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 John Hancock Multifactor Mid Cap ETF (JHMM). 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	JHMM	Difference
Sharpe ratio: Return per unit of total volatility	1.04	1.41	-0.37
Sortino ratio: Return per unit of downside risk	1.56	2.06	-0.50
Omega ratio: Gain probability vs. loss probability	1.18	1.25	-0.07
Calmar ratio: Return relative to maximum drawdown	1.59	2.34	-0.75
Martin ratio: Return relative to average drawdown	5.75	8.99	-3.23

TPLC vs. JHMM - Sharpe Ratio Comparison

The current TPLC Sharpe Ratio is 1.04, which is comparable to the JHMM Sharpe Ratio of 1.41. The chart below compares the historical Sharpe Ratios of TPLC and JHMM, 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. JHMM - Drawdown Comparison

The maximum TPLC drawdown since its inception was -38.02%, smaller than the maximum JHMM drawdown of -40.71%. Use the drawdown chart below to compare losses from any high point for TPLC and JHMM.

Drawdown Indicators

	TPLC	JHMM	Difference
Max Drawdown Largest peak-to-trough decline	-38.02%	-40.71%	+2.69%
Max Drawdown (1Y) Largest decline over 1 year	-7.58%	-8.64%	+1.06%
Max Drawdown (3Y) Largest decline over 3 years	-18.18%	-21.88%	+3.70%
Max Drawdown (5Y) Largest decline over 5 years	-21.63%	-24.10%	+2.47%
Max Drawdown (10Y) Largest decline over 10 years	—	-40.71%	—
Current Drawdown Current decline from peak	-1.31%	-1.20%	-0.11%
Average Drawdown Average peak-to-trough decline	-5.20%	-5.37%	+0.17%
Ulcer Index Depth and duration of drawdowns from previous peaks	2.09%	2.24%	-0.15%

Volatility

TPLC vs. JHMM - Volatility Comparison

The current volatility for Timothy Plan Fund Timothy Plan US Large/Mid Cap Core Fund (TPLC) is 2.63%, while John Hancock Multifactor Mid Cap ETF (JHMM) has a volatility of 2.93%. This indicates that TPLC experiences smaller price fluctuations and is considered to be less risky than JHMM based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	TPLC	JHMM	Difference
Volatility (1M) Calculated over the trailing 1-month period	2.63%	2.93%	-0.30%
Volatility (6M) Calculated over the trailing 6-month period	8.37%	10.62%	-2.25%
Volatility (1Y) Calculated over the trailing 1-year period	11.58%	14.33%	-2.75%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	16.12%	18.30%	-2.18%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	19.73%	19.54%	+0.19%

TPLC vs. JHMM - Expense Ratio Comparison

TPLC has a 0.52% expense ratio, which is higher than JHMM's 0.42% expense ratio.

Dividends

TPLC vs. JHMM - Dividend Comparison

TPLC's dividend yield for the trailing twelve months is around 0.83%, less than JHMM's 0.89% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
JHMM John Hancock Multifactor Mid Cap ETF	0.89%	0.98%	1.01%	1.17%	1.16%	0.72%	1.04%	1.02%	1.36%	0.90%	1.15%	0.33%
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%	0.00%	0.00%	0.00%	0.00%

Frequently Asked Questions

Can I hold both TPLC and JHMM in my portfolio?

With a correlation of 0.93, TPLC and JHMM move almost identically. Holding both adds very little diversification - you're essentially doubling your position in the same market segment. Choosing one is usually more capital-efficient.

Which is riskier, TPLC or JHMM?

JHMM has higher volatility (2.93%) compared to TPLC (2.63%). In terms of maximum drawdown, TPLC dropped -38.02% vs JHMM's -40.71%.

Which ETF is better, TPLC or JHMM?

On 5-year performance, JHMM leads with 8.30% vs 7.98% for TPLC. On fees, JHMM is cheaper at 0.42% 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 JHMM?

Over the 5-year period, JHMM has performed better with a 8.30% return vs 7.98%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, TPLC or JHMM?

JHMM is cheaper with a 0.42% expense ratio, compared with 0.52% for TPLC.

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

JHMM has the higher dividend yield at 0.89%, compared with 0.83% for TPLC.

What is the main difference between TPLC and JHMM?

TPLC tracks Victory U.S. Large Cap Volatility Weighted BRI Index, while JHMM tracks John Hancock Dimensional Mid Cap Index. They also come from different issuers: Timothy Plan and Manulife. Their fees differ too: 0.52% for TPLC and 0.42% for JHMM.

Which has better risk-adjusted returns?

JHMM currently has the higher Sharpe Ratio (1.41 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.