TPLC vs. TPHD

Last updated Jun 23, 2026

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

Performance

TPLC vs. TPHD - 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 Timothy Plan High Dividend Stock ETF (TPHD). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

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

TPLC

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

TPHD

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

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

TPLC vs. TPHD - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019
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%
TPHD Timothy Plan High Dividend Stock ETF	9.36%	8.28%	12.14%	8.86%	-1.91%	27.98%	-1.30%	9.57%

Correlation

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

TPLC vs. TPHD - Sectors Allocation Comparison

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

Return for Risk

TPLC vs. TPHD — Risk / Return Rank

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

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

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

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.

TPLC vs. TPHD - 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 Timothy Plan High Dividend Stock ETF (TPHD). 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	TPHD	Difference
Sharpe ratio: Return per unit of total volatility	1.22	1.33	-0.11
Sortino ratio: Return per unit of downside risk	1.80	1.99	-0.18
Omega ratio: Gain probability vs. loss probability	1.21	1.23	-0.02
Calmar ratio: Return relative to maximum drawdown	1.89	2.32	-0.43
Martin ratio: Return relative to average drawdown	6.72	6.41	+0.31

TPLC vs. TPHD - Sharpe Ratio Comparison

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

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

Drawdown Indicators

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

Volatility

TPLC vs. TPHD - Volatility Comparison

Timothy Plan Fund Timothy Plan US Large/Mid Cap Core Fund (TPLC) has a higher volatility of 3.39% compared to Timothy Plan High Dividend Stock ETF (TPHD) at 3.01%. This indicates that TPLC's price experiences larger fluctuations and is considered to be riskier than TPHD based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

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

TPLC vs. TPHD - Expense Ratio Comparison

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

Dividends

TPLC vs. TPHD - Dividend Comparison

TPLC's dividend yield for the trailing twelve months is around 0.85%, less than TPHD's 2.01% 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 TPLC and TPHD in my portfolio?

TPLC and TPHD 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, TPLC or TPHD?

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

Which ETF is better, TPLC or TPHD?

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, TPLC or TPHD?

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, TPLC or TPHD?

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

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

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

What is the main difference between TPLC and TPHD?

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