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TPSC vs. IWC
Performance
Return for Risk
Drawdowns
Volatility
Dividends

TPSC vs. IWC

Last updated Aug 2, 2026
Documentation

TPSC (Timothy Plan US Small Cap Core ETF) and IWC (iShares Micro-Cap ETF) are both Small Cap Blend Equities funds - TPSC tracks the Victory U.S. Small Cap Volatility Weighted BRI while IWC tracks the Russell Microcap Index. Both are passively managed. Over the past 5 years, TPSC returned 8.83%/yr vs 6.69%/yr for IWC. Their correlation of 0.87 means they have usually moved in the same direction. TPSC charges 0.52%/yr vs 0.60%/yr for IWC.

Performance

TPSC vs. IWC - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Timothy Plan US Small Cap Core ETF (TPSC) and iShares Micro-Cap ETF (IWC). The values are adjusted to include any dividend payments, if applicable.

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Returns By Period

In the year-to-date period, TPSC achieves a 15.86% return, which is significantly lower than IWC's 19.50% return.

TPSC

1D
0.11%
1M
0.08%
6M
9.87%
YTD
15.86%
1Y
25.20%
3Y*
13.55%
5Y*
8.83%
10Y*
—
ALL TIME*
11.75%

IWC

1D
-0.70%
1M
-5.03%
6M
12.92%
YTD
19.50%
1Y
48.46%
3Y*
19.06%
5Y*
6.69%
10Y*
11.12%
ALL TIME*
7.67%
*Multi-year figures are annualized to reflect compound growth (CAGR)

Liquidity Comparison

PositionAvg. Volume Value (2W)Avg. Volume Value (1M)Avg. Volume Value (3M)

IWC

iShares Micro-Cap ETF
$9.94M$13.29M$20.50M

TPSC

Timothy Plan US Small Cap Core ETF
$869.84K$834.27K$857.67K

TPSC vs. IWC - Yearly Performance Comparison

2026 (YTD)2025202420232022202120202019
TPSC
Timothy Plan US Small Cap Core ETF		15.86%7.34%11.50%17.64%-13.46%29.74%10.27%3.77%
IWC
iShares Micro-Cap ETF		19.50%22.45%13.63%8.99%-21.93%18.67%20.88%6.47%

Correlation

The correlation between TPSC and IWC is 0.70, 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.

0.70

Correlation (3Y)
Balances recent behavior with more history.

0.83

Correlation (5Y)
Shows whether the relationship held over a longer period.

0.86

Correlation (All Time)
Calculated using the full available price history since Dec 3, 2019

0.87

The correlation between TPSC and IWC shifts across timeframes, from 0.70 (1 year) to 0.87 (all time), reflecting how their relationship changes across market environments.

TPSC vs. IWC - Sectors Allocation Comparison

Sectors
TPSC
IWC

Financial Services

24.1%
24.1%

Industrials

19.1%
12.3%

Consumer Cyclical

13.9%
7.7%

Technology

13.1%
12.3%

Healthcare

7.6%
25.8%

Utilities

6.2%
0.7%

Basic Materials

5.2%
4.3%

Energy

4.9%
3.1%

Consumer Defensive

4.7%
2.4%

Real Estate

0.7%
4.0%

Communication Services

0.6%
3.0%

Financial Services

TPSC
24.1%
IWC
24.1%

Industrials

TPSC
19.1%
IWC
12.3%

Consumer Cyclical

TPSC
13.9%
IWC
7.7%

Technology

TPSC
13.1%
IWC
12.3%

Healthcare

TPSC
7.6%
IWC
25.8%

Utilities

TPSC
6.2%
IWC
0.7%

Basic Materials

TPSC
5.2%
IWC
4.3%

Energy

TPSC
4.9%
IWC
3.1%

Consumer Defensive

TPSC
4.7%
IWC
2.4%

Real Estate

TPSC
0.7%
IWC
4.0%

Communication Services

TPSC
0.6%
IWC
3.0%

Compare stocks, funds, or ETFs

Search for stocks, ETFs, and funds for a quick comparison or use the comparison tool for more options.

Timothy Plan US Small Cap Core ETF

iShares Micro-Cap ETF

Often compared with TPSC:
TPSC vs. ISMDTPSC vs. TPLCTPSC vs. MBOXTPSC vs. TPHDTPSC vs. BIBLTPSC vs. SPSMTPSC vs. CALF
Often compared with IWC:
IWC vs. IWMIWC vs. FDMIWC vs. SPYIWC vs. IWXIWC vs. PVIVXIWC vs. VOOIWC vs. VT

Return for Risk

TPSC vs. IWC — Risk / Return Rank

Compare historical risk-adjusted metric ranks over the past 12 months.
TPSC
TPSC Risk / Return Rank: 7070
Overall Rank
TPSC Sharpe Ratio Rank: 6767
Sharpe Ratio Rank
TPSC Sortino Ratio Rank: 7373
Sortino Ratio Rank
TPSC Omega Ratio Rank: 6565
Omega Ratio Rank
TPSC Calmar Ratio Rank: 7474
Calmar Ratio Rank
TPSC Martin Ratio Rank: 7171
Martin Ratio Rank
IWC
IWC Risk / Return Rank: 8181
Overall Rank
IWC Sharpe Ratio Rank: 8282
Sharpe Ratio Rank
IWC Sortino Ratio Rank: 7979
Sortino Ratio Rank
IWC Omega Ratio Rank: 7373
Omega Ratio Rank
IWC Calmar Ratio Rank: 8989
Calmar Ratio Rank
IWC Martin Ratio Rank: 8484
Martin Ratio Rank
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.

TPSC vs. IWC - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Timothy Plan US Small Cap Core ETF (TPSC) and iShares Micro-Cap ETF (IWC). 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.

TPSCIWCDifference
Sharpe ratioReturn per unit of total volatility
1.53
1.89

-0.36

Sortino ratioReturn per unit of downside risk
2.36
2.56

-0.20

Omega ratioGain probability vs. loss probability

1.27

1.30

-0.03

Calmar ratioReturn relative to maximum drawdown

2.61

3.67

-1.06

Martin ratioReturn relative to average drawdown

8.70

11.65

-2.95

TPSC vs. IWC - Sharpe Ratio Comparison

The current TPSC Sharpe Ratio is 1.53, which is comparable to the IWC Sharpe Ratio of 1.89. The chart below compares the historical Sharpe Ratios of TPSC and IWC, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

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Drawdowns

TPSC vs. IWC - Drawdown Comparison

The maximum TPSC drawdown since its inception was -41.79%, smaller than the maximum IWC drawdown of -64.61%. Use the drawdown chart below to compare losses from any high point for TPSC and IWC.

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Drawdown Indicators

TPSCIWCDifference

Max Drawdown

Largest peak-to-trough decline

-41.79%

-64.61%

+22.82%

Max Drawdown (1Y)

Largest decline over 1 year

-8.95%

-12.43%

+3.48%

Max Drawdown (3Y)

Largest decline over 3 years

-23.44%

-29.46%

+6.02%

Max Drawdown (5Y)

Largest decline over 5 years

-23.63%

-40.61%

+16.98%

Max Drawdown (10Y)

Largest decline over 10 years

—

-47.21%

—

Current Drawdown

Current decline from peak

-1.09%

-6.31%

+5.22%

Average Drawdown

Average peak-to-trough decline

-8.24%

-15.18%

+6.94%

Ulcer Index

Depth and duration of drawdowns from previous peaks

2.68%

3.91%

-1.23%

Volatility

TPSC vs. IWC - Volatility Comparison

The current volatility for Timothy Plan US Small Cap Core ETF (TPSC) is 3.13%, while iShares Micro-Cap ETF (IWC) has a volatility of 4.63%. This indicates that TPSC experiences smaller price fluctuations and is considered to be less risky than IWC based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

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Volatility by Period

TPSCIWCDifference

Volatility (1M)

Calculated over the trailing 1-month period

3.13%

4.63%

-1.50%

Volatility (6M)

Calculated over the trailing 6-month period

10.17%

18.22%

-8.05%

Volatility (1Y)

Calculated over the trailing 1-year period

15.27%

24.13%

-8.86%

Volatility (5Y)

Calculated over the trailing 5-year period, annualized

19.74%

24.46%

-4.72%

Volatility (10Y)

Calculated over the trailing 10-year period, annualized

24.23%

24.48%

-0.25%

TPSC vs. IWC - Expense Ratio Comparison

TPSC has a 0.52% expense ratio, which is lower than IWC's 0.60% expense ratio.

Dividends

TPSC vs. IWC - Dividend Comparison

TPSC's dividend yield for the trailing twelve months is around 1.03%, more than IWC's 1.01% yield.

PositionTTM20252024202320222021202020192018201720162015
IWC
iShares Micro-Cap ETF		1.01%1.10%1.06%1.17%1.18%0.78%0.98%1.19%1.01%1.09%1.16%1.49%
TPSC
Timothy Plan US Small Cap Core ETF		1.03%1.07%0.97%1.06%1.07%1.12%1.13%0.07%0.00%0.00%0.00%0.00%

Frequently Asked Questions

TPSC and IWC have a correlation of 0.70, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

IWC has higher volatility (4.63%) compared to TPSC (3.13%). In terms of maximum drawdown, TPSC dropped -41.79% vs IWC's -64.61%.

On 5-year performance, TPSC leads with 8.83% vs 6.69% for IWC. On fees, TPSC is cheaper at 0.52% per year. On volatility, TPSC has been the lower-risk option at 3.13%. The better choice depends on whether you care most about return, fees, risk, or income.

Over the 5-year period, TPSC has performed better with a 8.83% return vs 6.69%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

TPSC is cheaper with a 0.52% expense ratio, compared with 0.60% for IWC.

TPSC has the higher dividend yield at 1.03%, compared with 1.01% for IWC.

TPSC tracks Victory U.S. Small Cap Volatility Weighted BRI, while IWC tracks Russell Microcap Index. They also come from different issuers: Timothy Plan and iShares. Their fees differ too: 0.52% for TPSC and 0.60% for IWC.

IWC currently has the higher Sharpe Ratio (1.89 vs 1.53), 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.

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