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BMVP vs. TXS
Performance
Return for Risk
Drawdowns
Volatility
Dividends

BMVP vs. TXS

Last updated Aug 6, 2026
Documentation

BMVP (Invesco Bloomberg MVP Multi-factor ETF) and TXS (Texas Capital Texas Equity Index ETF) are both Mid Cap Blend Equities funds - BMVP tracks the Bloomberg MVP Index while TXS tracks the Texas Capital Texas Equity Index - Benchmark TR Gross. Both are passively managed. Over the past 3 years, BMVP returned 13.68%/yr vs 19.68%/yr for TXS. Their 0.75 correlation means they have sometimes moved together and sometimes differently. BMVP charges 0.29%/yr vs 0.49%/yr for TXS.

Performance

BMVP vs. TXS - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Invesco Bloomberg MVP Multi-factor ETF (BMVP) and Texas Capital Texas Equity Index ETF (TXS). The values are adjusted to include any dividend payments, if applicable.

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Returns By Period

In the year-to-date period, BMVP achieves a 11.70% return, which is significantly lower than TXS's 17.66% return.

BMVP

1D
-0.45%
1M
4.17%
6M
4.62%
YTD
11.70%
1Y
14.21%
3Y*
13.68%
5Y*
7.33%
10Y*
9.65%
ALL TIME*
3.00%

TXS

1D
-0.03%
1M
3.07%
6M
11.55%
YTD
17.66%
1Y
20.82%
3Y*
19.68%
5Y*
—
10Y*
—
ALL TIME*
19.05%
*Multi-year figures are annualized to reflect compound growth (CAGR)

Liquidity Comparison

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

BMVP

Invesco Bloomberg MVP Multi-factor ETF
$45.66K$65.59K$59.39K

TXS

Texas Capital Texas Equity Index ETF
$147.18K$170.71K$126.91K

BMVP vs. TXS - Yearly Performance Comparison

2026 (YTD)202520242023
BMVP
Invesco Bloomberg MVP Multi-factor ETF		11.70%6.15%17.46%5.44%
TXS
Texas Capital Texas Equity Index ETF		17.66%10.31%24.29%5.77%

Correlation

The correlation between BMVP and TXS is 0.64, 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.

0.64

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

0.76

Correlation (All Time)
Calculated using the full available price history since Jul 13, 2023

0.75

The correlation between BMVP and TXS shifts across timeframes, from 0.64 (1 year) to 0.76 (3 years), reflecting how their relationship changes across market environments.

BMVP vs. TXS - Sectors Allocation Comparison

Sectors
BMVP
TXS

Industrials

17.3%
14.1%

Financial Services

16.9%
7.5%

Technology

16.4%
12.1%

Consumer Cyclical

11.1%
17.6%

Healthcare

9.8%
11.7%

Communication Services

6.6%
2.1%

Real Estate

5.4%
12.2%

Utilities

5.4%
2.0%

Energy

4.9%
18.1%

Consumer Defensive

4.8%
2.3%

Basic Materials

1.5%
0.3%

Industrials

BMVP
17.3%
TXS
14.1%

Financial Services

BMVP
16.9%
TXS
7.5%

Technology

BMVP
16.4%
TXS
12.1%

Consumer Cyclical

BMVP
11.1%
TXS
17.6%

Healthcare

BMVP
9.8%
TXS
11.7%

Communication Services

BMVP
6.6%
TXS
2.1%

Real Estate

BMVP
5.4%
TXS
12.2%

Utilities

BMVP
5.4%
TXS
2.0%

Energy

BMVP
4.9%
TXS
18.1%

Consumer Defensive

BMVP
4.8%
TXS
2.3%

Basic Materials

BMVP
1.5%
TXS
0.3%

Compare stocks, funds, or ETFs

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

Invesco Bloomberg MVP Multi-factor ETF

Texas Capital Texas Equity Index ETF

Often compared with BMVP:
BMVP vs. VOOBMVP vs. MVCAXBMVP vs. FMDEBMVP vs. VTIBMVP vs. SPMOBMVP vs. FZROXBMVP vs. SCHG
Often compared with TXS:
TXS vs. SPYTXS vs. ^GSPCTXS vs. QQQTXS vs. VOOTXS vs. PWCTXS vs. GDETXS vs. TXN

Return for Risk

BMVP vs. TXS — Risk / Return Rank

Compare historical risk-adjusted metric ranks over the past 12 months.
BMVP
BMVP Risk / Return Rank: 5151
Overall Rank
BMVP Sharpe Ratio Rank: 5151
Sharpe Ratio Rank
BMVP Sortino Ratio Rank: 5454
Sortino Ratio Rank
BMVP Omega Ratio Rank: 4848
Omega Ratio Rank
BMVP Calmar Ratio Rank: 5454
Calmar Ratio Rank
BMVP Martin Ratio Rank: 5050
Martin Ratio Rank
TXS
TXS Risk / Return Rank: 7373
Overall Rank
TXS Sharpe Ratio Rank: 7070
Sharpe Ratio Rank
TXS Sortino Ratio Rank: 7171
Sortino Ratio Rank
TXS Omega Ratio Rank: 6767
Omega Ratio Rank
TXS Calmar Ratio Rank: 7979
Calmar Ratio Rank
TXS Martin Ratio Rank: 7676
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.

BMVP vs. TXS - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Invesco Bloomberg MVP Multi-factor ETF (BMVP) and Texas Capital Texas Equity Index ETF (TXS). 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.

BMVPTXSDifference
Sharpe ratioReturn per unit of total volatility
1.43
1.83

-0.40

Sortino ratioReturn per unit of downside risk
2.14
2.60

-0.46

Omega ratioGain probability vs. loss probability

1.25

1.32

-0.07

Calmar ratioReturn relative to maximum drawdown

2.21

3.20

-0.99

Martin ratioReturn relative to average drawdown

6.61

10.98

-4.37

BMVP vs. TXS - Sharpe Ratio Comparison

The current BMVP Sharpe Ratio is 1.43, which is comparable to the TXS Sharpe Ratio of 1.83. The chart below compares the historical Sharpe Ratios of BMVP and TXS, 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

BMVP vs. TXS - Drawdown Comparison

The maximum BMVP drawdown since its inception was -78.13%, which is greater than TXS's maximum drawdown of -19.69%. Use the drawdown chart below to compare losses from any high point for BMVP and TXS.

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Drawdown Indicators

BMVPTXSDifference

Max Drawdown

Largest peak-to-trough decline

-78.13%

-19.69%

-58.44%

Max Drawdown (1Y)

Largest decline over 1 year

-6.45%

-6.54%

+0.09%

Max Drawdown (3Y)

Largest decline over 3 years

-15.12%

-19.69%

+4.57%

Max Drawdown (5Y)

Largest decline over 5 years

-26.58%

—

—

Max Drawdown (10Y)

Largest decline over 10 years

-39.45%

—

—

Current Drawdown

Current decline from peak

-0.45%

-0.03%

-0.42%

Average Drawdown

Average peak-to-trough decline

-35.95%

-2.72%

-33.23%

Ulcer Index

Depth and duration of drawdowns from previous peaks

2.16%

1.90%

+0.26%

Volatility

BMVP vs. TXS - Volatility Comparison

Invesco Bloomberg MVP Multi-factor ETF (BMVP) has a higher volatility of 3.48% compared to Texas Capital Texas Equity Index ETF (TXS) at 2.65%. This indicates that BMVP's price experiences larger fluctuations and is considered to be riskier than TXS based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

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Volatility by Period

BMVPTXSDifference

Volatility (1M)

Calculated over the trailing 1-month period

3.48%

2.65%

+0.83%

Volatility (6M)

Calculated over the trailing 6-month period

7.40%

7.84%

-0.44%

Volatility (1Y)

Calculated over the trailing 1-year period

9.98%

11.44%

-1.46%

Volatility (5Y)

Calculated over the trailing 5-year period, annualized

15.90%

15.61%

+0.29%

Volatility (10Y)

Calculated over the trailing 10-year period, annualized

18.74%

15.61%

+3.13%

BMVP vs. TXS - Expense Ratio Comparison

BMVP has a 0.29% expense ratio, which is lower than TXS's 0.49% expense ratio.

Dividends

BMVP vs. TXS - Dividend Comparison

BMVP's dividend yield for the trailing twelve months is around 1.70%, more than TXS's 0.77% yield.

PositionTTM20252024202320222021202020192018201720162015
BMVP
Invesco Bloomberg MVP Multi-factor ETF		1.70%1.77%1.58%1.67%1.51%0.56%1.09%0.95%1.44%1.75%1.35%1.02%
TXS
Texas Capital Texas Equity Index ETF		0.77%0.82%0.86%0.53%0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.00%

Frequently Asked Questions

BMVP and TXS have a correlation of 0.64, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

BMVP has higher volatility (3.48%) compared to TXS (2.65%). In terms of maximum drawdown, BMVP dropped -78.13% vs TXS's -19.69%.

On 3-year performance, TXS leads with 19.68% vs 13.68% for BMVP. On fees, BMVP is cheaper at 0.29% per year. On volatility, TXS has been the lower-risk option at 2.65%. The better choice depends on whether you care most about return, fees, risk, or income.

Over the 3-year period, TXS has performed better with a 19.68% return vs 13.68%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

BMVP is cheaper with a 0.29% expense ratio, compared with 0.49% for TXS.

BMVP has the higher dividend yield at 1.70%, compared with 0.77% for TXS.

BMVP tracks Bloomberg MVP Index, while TXS tracks Texas Capital Texas Equity Index - Benchmark TR Gross. They also come from different issuers: Invesco and Texas Capital. Their fees differ too: 0.29% for BMVP and 0.49% for TXS.

TXS currently has the higher Sharpe Ratio (1.83 vs 1.43), 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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