CVMC vs TPLC
Calvert US Mid-Cap Core Responsible Index ETF vs Timothy Plan US Large/Mid Cap Core ETF
Which is better, CVMC or TPLC?
Nearly the same fund. CVMC costs less.
CVMC has a lower expense ratio. CVMC led over 1Y, 3Y and the full window. The two have moved almost in lockstep, correlation 0.96. CVMC is less concentrated, with 5.9% of the fund in its ten largest positions against 7.0%.
MarketXLS is not an investment adviser. This comparison is generated automatically from market data and is for information only. A Best mark means the better reading on that one measure, not a recommendation to buy.
Side-by-Side Comparison
| Metric | CVMC | TPLC |
|---|---|---|
| Expense Ratio | 0.15%Best | 0.52% |
| AUM | $115M | $311M |
| Dividend Yield | 1.23% | 0.86% |
| Holdings | 1,184 | 542 |
| YTD Return | +14.85%Best | +8.72% |
| 1Y Return | +18.30%Best | +9.22% |
| 3Y Return (annualized) | +17.39%Best | +13.58% |
| 5Y Return (annualized) | - | +7.65% |
| Volatility (annualized) | 15.5% | 13.3%Best |
| Max Drawdown | -22.5% | -18.2%Best |
| $10,000 over 3.7 years | $14,930Best | $14,329 |
| Top 10 Weight | 5.9%Best | 7.0% |
| Fund Family | Calvert | Timothy Plan |
| Category | Equity | Equity |
| Style | Mid Cap Blend | Mid Cap Blend |
| Inception | Jan 30, 2023 | May 5, 2019 |
Volatility and max drawdown, and the $10,000 over 3.7 years row, are measured over the window both funds cover: Feb 1, 2023 to Oct 14, 2026 (3.7 years).
CVMC vs TPLC growth
Month-end closes. Both lines start at 0% in the first month shown, so the gap between them is the difference in growth across that window. The full view covers the 3.7 years both funds cover.
CVMC vs TPLC Performance
Calvert US Mid-Cap Core Responsible Index ETF (CVMC) is an ETF from Calvert and Timothy Plan US Large/Mid Cap Core ETF (TPLC) is an ETF from Timothy Plan. Over the past year CVMC returned +18.30% while TPLC returned +9.22%. Year to date, CVMC is up 14.85% versus a gain of 8.72% for TPLC.
Over three years, CVMC compounded at +17.39% per year against +13.58% for TPLC. Across the full 4-year window we track, CVMC has the edge at +11.44% annualized vs +10.21%.
Past performance does not guarantee future results.
Risk: Volatility and Drawdowns
CVMC has been the more volatile fund, with annualized monthly volatility of 15.5% compared with 13.3% for TPLC. Lower volatility generally means a smoother ride, though it often comes with lower long-run returns.
The deepest peak-to-trough decline in our data was -22.5% for CVMC and -18.2% for TPLC. Drawdown depth is what each fund did in the worst stretch of the window measured above.
The two funds' monthly returns correlate at 0.96. They move almost in lockstep, so holding both mostly duplicates the same exposure.
Fees and Cost Over Time
CVMC charges 0.15% per year while TPLC charges 0.52%. On a $10,000 position that is $15 vs $52 annually, a gap of $37 per year that compounds over a long holding period. On income, CVMC currently yields 1.23% against 0.86% for TPLC.
Holdings Overlap
39.4% of CVMC's money is in holdings TPLC also owns. 59.7% of TPLC's money is in holdings CVMC also owns.
The two portfolios partly overlap.
160 positions in common, counted across the 595 positions we hold weights for in CVMC and 268 in TPLC, against full books of 1,184 and 542.
What only one of them owns
Our book lists 101 positions for TPLC that do not appear in our book for CVMC (37.5% of the fund), and 423 for CVMC that do not appear in TPLC (58.3%).
Some of those will be the same company recorded under a different code in one of the two books, so the real difference in what you would own is no larger than this and may be smaller. We do not name the individual positions here for that reason.
Top Shared Holdings
| Stock | Weight in CVMC | Weight in TPLC | Difference |
|---|---|---|---|
| NTAPNetapp Inc | 0.44% | 0.83% | 0.39% |
| AFLAflac Inc. | 0.46% | 0.64% | 0.18% |
| AMEAmetek Inc. | 0.53% | 0.55% | 0.02% |
| AAgilent Technologies Inc | 0.45% | 0.56% | 0.11% |
| NUENucor Corp. | 0.50% | 0.50% | 0.00% |
| FASTFastenal Co. | 0.52% | 0.47% | 0.05% |
| WECW E C Energy Group Inc. | 0.33% | 0.65% | 0.32% |
| EDConsolidated Edison Inc. | 0.37% | 0.60% | 0.23% |
| VEEVVeeva Systems Inc., Class A | 0.39% | 0.58% | 0.19% |
| GWWWw Grainger Inc. | 0.50% | 0.46% | 0.04% |
59.7% of TPLC is already inside CVMC.
You probably hold more than these two. Add the rest and see how much of the whole book is the same companies twice.
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Frequently Asked Questions
Which is cheaper, CVMC or TPLC?
CVMC has an expense ratio of 0.15% while TPLC charges 0.52%. CVMC is the cheaper option, by $37 a year on a $10,000 investment.
Which performed better, CVMC or TPLC?
Over the past year CVMC returned +18.30% vs +9.22% for TPLC, so CVMC leads on 1-year performance. Over the longest common window we track (4 years), CVMC annualized +11.44% vs +10.21% for TPLC. Past performance does not guarantee future results. This is information, not a recommendation.
Which is riskier, CVMC or TPLC?
CVMC has been the more volatile fund at 15.5% annualized versus 13.3% for TPLC. Worst drawdown: CVMC -22.5% vs TPLC -18.2%.
Should I hold both CVMC and TPLC?
CVMC and TPLC have a monthly-return correlation of 0.96, so they move almost identically. What is left to separate them is the fee and the index each one tracks. This is information, not a recommendation.
What is the holdings overlap between CVMC and TPLC?
59.7% of TPLC's money is in holdings CVMC also owns. 59.7% of TPLC's is in holdings CVMC also owns. They hold 160 positions in common, counted across the 595 positions we hold weights for in CVMC and 268 in TPLC.
Which pays a higher dividend, CVMC or TPLC?
CVMC yields 1.23% while TPLC yields 0.86%, so CVMC currently pays the higher dividend yield.
Is TPLC better than CVMC?
CVMC has a lower expense ratio. CVMC led over 1Y, 3Y and the full window. The two have moved almost in lockstep, correlation 0.96. CVMC is less concentrated, with 5.9% of the fund in its ten largest positions against 7.0%. Which one suits a particular account depends on what it is for. This is information, not a recommendation.