TPSC vs. SWSSX

Last updated Jun 24, 2026

TPSC (Timothy Plan US Small Cap Core ETF) and SWSSX (Schwab Small-Cap Index Fund-Select Shares) are both Small Cap Blend Equities funds - TPSC tracks the Victory U.S. Small Cap Volatility Weighted BRI while SWSSX tracks the Russell 2000 Index. Both are passively managed. Over the past 5 years, TPSC returned 7.89%/yr vs 6.95%/yr for SWSSX. Their correlation of 0.93 suggests significant overlap in exposure. TPSC charges 0.52%/yr vs 0.04%/yr for SWSSX.

Performance

TPSC vs. SWSSX - Performance Comparison

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

Returns By Period

In the year-to-date period, TPSC achieves a 13.05% return, which is significantly lower than SWSSX's 21.72% return.

TPSC

• 1D: -0.02%
• 1M: 3.31%
• YTD: 13.05%
• 6M: 11.02%
• 1Y: 23.42%
• 3Y*: 16.15%
• 5Y*: 7.89%
• 10Y*: —

SWSSX

• 1D: 0.83%
• 1M: 4.82%
• YTD: 21.72%
• 6M: 18.97%
• 1Y: 42.68%
• 3Y*: 19.85%
• 5Y*: 6.95%
• 10Y*: 11.83%

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

TPSC vs. SWSSX - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019
TPSC Timothy Plan US Small Cap Core ETF	13.05%	7.34%	11.50%	17.64%	-13.46%	29.74%	10.27%	3.77%
SWSSX Schwab Small-Cap Index Fund-Select Shares	21.72%	12.88%	11.57%	17.07%	-20.43%	14.77%	20.12%	3.98%

Correlation

The correlation between TPSC and SWSSX is 0.88, 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	0.88
Correlation (3Y) Calculated over the trailing 3-year period	0.93
Correlation (5Y) Calculated over the trailing 5-year period	0.93
Correlation (All Time) Calculated using the full available price history since Dec 3, 2019	0.93

The correlation between TPSC and SWSSX has been stable across timeframes, ranging from 0.88 to 0.93 - a consistent structural relationship.

TPSC vs. SWSSX - Sectors Allocation Comparison

Sectors	TPSC	SWSSX
Financial Services	23.9%	15.5%
Industrials	18.6%	17.9%
Consumer Cyclical	13.7%	7.9%
Technology	13.0%	19.1%
Healthcare	7.2%	16.3%
Utilities	6.6%	2.8%
Energy	5.4%	5.3%
Basic Materials	5.3%	4.7%
Consumer Defensive	5.0%	2.2%
Real Estate	0.7%	5.9%
Communication Services	0.6%	2.5%

Return for Risk

TPSC vs. SWSSX — Risk / Return Rank

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

TPSC

TPSC Risk / Return Rank: 50
TPSC Sharpe Ratio Rank: 46
TPSC Sortino Ratio Rank: 49
TPSC Omega Ratio Rank: 44
TPSC Calmar Ratio Rank: 57
TPSC Martin Ratio Rank: 54

SWSSX

SWSSX Risk / Return Rank: 72
SWSSX Sharpe Ratio Rank: 71
SWSSX Sortino Ratio Rank: 65
SWSSX Omega Ratio Rank: 53
SWSSX Calmar Ratio Rank: 88
SWSSX Martin Ratio Rank: 83

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.

TPSC vs. SWSSX - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Timothy Plan US Small Cap Core ETF (TPSC) and Schwab Small-Cap Index Fund-Select Shares (SWSSX). 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.

	TPSC	SWSSX	Difference
Sharpe ratio: Return per unit of total volatility	1.50	2.26	-0.76
Sortino ratio: Return per unit of downside risk	2.27	3.07	-0.80
Omega ratio: Gain probability vs. loss probability	1.27	1.37	-0.10
Calmar ratio: Return relative to maximum drawdown	2.63	4.04	-1.41
Martin ratio: Return relative to average drawdown	8.60	14.31	-5.71

TPSC vs. SWSSX - Sharpe Ratio Comparison

The current TPSC Sharpe Ratio is 1.50, which is lower than the SWSSX Sharpe Ratio of 2.26. The chart below compares the historical Sharpe Ratios of TPSC and SWSSX, 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

TPSC vs. SWSSX - Drawdown Comparison

The maximum TPSC drawdown since its inception was -41.79%, smaller than the maximum SWSSX drawdown of -60.34%. Use the drawdown chart below to compare losses from any high point for TPSC and SWSSX.

Drawdown Indicators

	TPSC	SWSSX	Difference
Max Drawdown Largest peak-to-trough decline	-41.79%	-60.34%	+18.55%
Max Drawdown (1Y) Largest decline over 1 year	-8.95%	-11.00%	+2.05%
Max Drawdown (3Y) Largest decline over 3 years	-23.44%	-27.50%	+4.06%
Max Drawdown (5Y) Largest decline over 5 years	-23.63%	-31.93%	+8.30%
Max Drawdown (10Y) Largest decline over 10 years	—	-41.81%	—
Current Drawdown Current decline from peak	-0.15%	0.00%	-0.15%
Average Drawdown Average peak-to-trough decline	-8.36%	-10.71%	+2.35%
Ulcer Index Depth and duration of drawdowns from previous peaks	2.73%	3.10%	-0.37%

Volatility

TPSC vs. SWSSX - Volatility Comparison

The current volatility for Timothy Plan US Small Cap Core ETF (TPSC) is 3.43%, while Schwab Small-Cap Index Fund-Select Shares (SWSSX) has a volatility of 6.39%. This indicates that TPSC experiences smaller price fluctuations and is considered to be less risky than SWSSX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	TPSC	SWSSX	Difference
Volatility (1M) Calculated over the trailing 1-month period	3.43%	6.39%	-2.96%
Volatility (6M) Calculated over the trailing 6-month period	10.65%	14.33%	-3.68%
Volatility (1Y) Calculated over the trailing 1-year period	15.79%	19.75%	-3.96%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	19.86%	22.68%	-2.82%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	24.39%	24.15%	+0.24%

TPSC vs. SWSSX - Expense Ratio Comparison

TPSC has a 0.52% expense ratio, which is higher than SWSSX's 0.04% expense ratio.

Dividends

TPSC vs. SWSSX - Dividend Comparison

TPSC's dividend yield for the trailing twelve months is around 1.02%, less than SWSSX's 1.06% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
SWSSX Schwab Small-Cap Index Fund-Select Shares	1.06%	1.29%	1.66%	1.49%	1.32%	8.88%	2.55%	6.12%	10.45%	5.22%	4.10%	6.92%
TPSC Timothy Plan US Small Cap Core ETF	1.02%	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

Can I hold both TPSC and SWSSX in my portfolio?

TPSC and SWSSX have a correlation of 0.88, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, TPSC or SWSSX?

SWSSX has higher volatility (6.39%) compared to TPSC (3.43%). In terms of maximum drawdown, TPSC dropped -41.79% vs SWSSX's -60.34%.

Which has better risk-adjusted returns?

SWSSX currently has the higher Sharpe Ratio (2.26 vs 1.50), 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.