TEXX vs. INFR

Last updated Jul 12, 2026

TEXX (Horizon Kinetics Texas ETF) and INFR (ClearBridge Sustainable Infrastructure ETF) are both Energy Equities funds. TEXX is actively managed, while INFR is passively managed. At a 0.07 correlation, their price movements are largely independent. TEXX charges 0.85%/yr vs 0.59%/yr for INFR.

Performance

TEXX vs. INFR - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Horizon Kinetics Texas ETF (TEXX) and ClearBridge Sustainable Infrastructure ETF (INFR). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

TEXX

• 1D: 0.11%
• 1M: -1.00%
• 6M: —
• YTD: —
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —

INFR

• 1D: —
• 1M: —
• 6M: —
• YTD: —
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —

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

TEXX vs. INFR - Yearly Performance Comparison

	2026 (YTD)
TEXX Horizon Kinetics Texas ETF	11.95%
INFR ClearBridge Sustainable Infrastructure ETF	-0.11%

Correlation

The correlation between TEXX and INFR is 0.07, meaning there is essentially no relationship between their price movements. Each responds to its own set of market drivers, making them strong candidates for combining in a diversified portfolio.

	Correlation
Correlation (All Time) Calculated using the full available price history since Jan 22, 2026	0.07

Return for Risk

TEXX vs. INFR - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Horizon Kinetics Texas ETF (TEXX) and ClearBridge Sustainable Infrastructure ETF (INFR). 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.

Risk / return metrics aren't available yet — we need at least 12 months of trading data to calculate them.

Drawdowns

Drawdown Indicators

	TEXX	INFR	Difference
Max Drawdown Largest peak-to-trough decline	-5.86%	—	—
Current Drawdown Current decline from peak	-3.40%	—	—
Average Drawdown Average peak-to-trough decline	-2.07%	—	—

Volatility

Volatility by Period

	TEXX	INFR	Difference
Volatility (1Y) Calculated over the trailing 1-year period	16.18%	—	—
Volatility (5Y) Calculated over the trailing 5-year period, annualized	16.18%	—	—
Volatility (10Y) Calculated over the trailing 10-year period, annualized	16.18%	—	—

TEXX vs. INFR - Expense Ratio Comparison

TEXX has a 0.85% expense ratio, which is higher than INFR's 0.59% expense ratio.

Dividends

TEXX vs. INFR - Dividend Comparison

Neither TEXX nor INFR has paid dividends to shareholders.

Position	TTM	2025	2024	2023
INFR ClearBridge Sustainable Infrastructure ETF	1.71%	2.52%	2.36%	3.06%
TEXX Horizon Kinetics Texas ETF	0.00%	0.00%	0.00%	0.00%

Frequently Asked Questions

Can I hold both TEXX and INFR in my portfolio?

TEXX and INFR have a correlation of 0.07, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which ETF is better, TEXX or INFR?

On fees, INFR is cheaper at 0.59% per year. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF is cheaper, TEXX or INFR?

INFR is cheaper with a 0.59% expense ratio, compared with 0.85% for TEXX.

Which ETF pays a higher dividend yield, TEXX or INFR?

INFR has the higher dividend yield at 1.71%, compared with 0.00% for TEXX.

What is the main difference between TEXX and INFR?

They also come from different issuers: Horizon Kinetics and ClearBridge. Their fees differ too: 0.85% for TEXX and 0.59% for INFR.