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TPMN vs. TBF
Performance
Risk-Adjusted Performance
Dividends
Drawdowns
Volatility

TPMN vs. TBF

Last updated May 21, 2025

Compare and contrast key facts about Timothy Plan Market Neutral ETF (TPMN) and ProShares Short 20+ Year Treasury (TBF).

TPMN and TBF are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. TPMN is an actively managed fund by Timothy. It was launched on Jan 24, 2023. TBF is a passively managed fund by ProShares that tracks the performance of the U.S. Treasury 20+ Year Index (-100%). It was launched on Aug 20, 2009.

Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: TPMN or TBF.

Correlation

The correlation between TPMN and TBF is -0.02. This indicates that the assets' prices tend to move in opposite directions. Negative correlation can be particularly beneficial for diversification and risk management, as one asset may offset the losses of the other during market fluctuations.

Performance

TPMN vs. TBF - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Timothy Plan Market Neutral ETF (TPMN) and ProShares Short 20+ Year Treasury (TBF). The values are adjusted to include any dividend payments, if applicable.

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Key characteristics

Sharpe Ratio

TPMN:

1.16

TBF:

0.60

Sortino Ratio

TPMN:

1.90

TBF:

1.08

Omega Ratio

TPMN:

1.22

TBF:

1.12

Calmar Ratio

TPMN:

1.92

TBF:

0.18

Martin Ratio

TPMN:

6.14

TBF:

1.85

Ulcer Index

TPMN:

0.97%

TBF:

5.16%

Daily Std Dev

TPMN:

4.75%

TBF:

14.12%

Max Drawdown

TPMN:

-5.10%

TBF:

-70.40%

Current Drawdown

TPMN:

-0.04%

TBF:

-43.98%

Returns By Period

In the year-to-date period, TPMN achieves a 3.59% return, which is significantly higher than TBF's 2.60% return.

TPMN

YTD

3.59%

1M

0.81%

6M

3.48%

1Y

5.48%

3Y*

N/A

5Y*

N/A

10Y*

N/A

TBF

YTD

2.60%

1M

2.49%

6M

6.65%

1Y

8.48%

3Y*

12.48%

5Y*

12.45%

10Y*

1.03%

*Annualized

Compare stocks, funds, or ETFs

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Timothy Plan Market Neutral ETF

ProShares Short 20+ Year Treasury

TPMN vs. TBF - Expense Ratio Comparison

TPMN has a 0.65% expense ratio, which is lower than TBF's 0.94% expense ratio.

TBF
ProShares Short 20+ Year Treasury
TPMN
Timothy Plan Market Neutral ETF

Risk-Adjusted Performance

TPMN vs. TBF — Risk-Adjusted Performance Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.
TPMN
The Risk-Adjusted Performance Rank of TPMN is 8787
Overall Rank
The Sharpe Ratio Rank of TPMN is 8686
Sharpe Ratio Rank
The Sortino Ratio Rank of TPMN is 8888
Sortino Ratio Rank
The Omega Ratio Rank of TPMN is 8383
Omega Ratio Rank
The Calmar Ratio Rank of TPMN is 9393
Calmar Ratio Rank
The Martin Ratio Rank of TPMN is 8888
Martin Ratio Rank
TBF
The Risk-Adjusted Performance Rank of TBF is 5252
Overall Rank
The Sharpe Ratio Rank of TBF is 5858
Sharpe Ratio Rank
The Sortino Ratio Rank of TBF is 6666
Sortino Ratio Rank
The Omega Ratio Rank of TBF is 5353
Omega Ratio Rank
The Calmar Ratio Rank of TBF is 2828
Calmar Ratio Rank
The Martin Ratio Rank of TBF is 5353
Martin Ratio Rank
The risk-adjusted ranks indicate the investment's position relative to the market. A rank closer to 100 signifies top-performing investments, while a rank closer to 0 might suggest underperformance, based on the selected ratio. The values are calculated based on the past 12 months of returns.

TPMN vs. TBF - Risk-Adjusted Performance Comparison

This table presents a comparison of risk-adjusted performance metrics for Timothy Plan Market Neutral ETF (TPMN) and ProShares Short 20+ Year Treasury (TBF). 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.

The current TPMN Sharpe Ratio is 1.16, which is higher than the TBF Sharpe Ratio of 0.60. The chart below compares the historical Sharpe Ratios of TPMN and TBF, offering insights into how both investments have performed under varying market conditions. These values are calculated using daily returns over the previous 12 months.

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Dividends

TPMN vs. TBF - Dividend Comparison

TPMN's dividend yield for the trailing twelve months is around 4.10%, which matches TBF's 4.14% yield.

TTM2024202320222021202020192018
TPMN
Timothy Plan Market Neutral ETF		4.10%4.14%8.57%0.00%0.00%0.00%0.00%0.00%
TBF
ProShares Short 20+ Year Treasury		4.14%4.06%4.99%0.36%0.00%0.22%1.68%0.88%

Drawdowns

TPMN vs. TBF - Drawdown Comparison

The maximum TPMN drawdown since its inception was -5.10%, smaller than the maximum TBF drawdown of -70.40%. Use the drawdown chart below to compare losses from any high point for TPMN and TBF. For additional features, visit the drawdowns tool.

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Volatility

TPMN vs. TBF - Volatility Comparison

The current volatility for Timothy Plan Market Neutral ETF (TPMN) is 1.61%, while ProShares Short 20+ Year Treasury (TBF) has a volatility of 3.25%. This indicates that TPMN experiences smaller price fluctuations and is considered to be less risky than TBF based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

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