TEXX vs. PWRZ

Last updated Aug 1, 2026

TEXX (Horizon Kinetics Texas ETF) and PWRZ (TrueShares Eagle Global Next Gen Power Infrastructure ETF) are both exchange-traded funds - TEXX is a Energy Equities fund actively managed by Horizon Kinetics, while PWRZ is a Infrastructure Equities fund actively managed by TrueShares. Both are actively managed. Their correlation of 0.82 means they have usually moved in the same direction. TEXX charges 0.85%/yr vs 0.75%/yr for PWRZ.

Performance

TEXX vs. PWRZ - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Horizon Kinetics Texas ETF (TEXX) and TrueShares Eagle Global Next Gen Power Infrastructure ETF (PWRZ). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

TEXX

• 1D: 0.82%
• 1M: 5.41%
• 6M: 15.40%
• YTD: —
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —
• ALL TIME*: —

PWRZ

• 1D: -0.01%
• 1M: —
• 6M: —
• YTD: —
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —
• ALL TIME*: —

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

Liquidity Comparison

Position	Avg. Volume Value (2W)	Avg. Volume Value (1M)	Avg. Volume Value (3M)
PWRZ TrueShares Eagle Global Next Gen Power Infrastructure ETF	$11.69K	$10.99K	$10.99K
TEXX Horizon Kinetics Texas ETF	$18.12K	$29.15K	$28.51K

TEXX vs. PWRZ - Yearly Performance Comparison

	2026 (YTD)
TEXX Horizon Kinetics Texas ETF	3.56%
PWRZ TrueShares Eagle Global Next Gen Power Infrastructure ETF	-1.03%

Correlation

The correlation between TEXX and PWRZ is 0.82, meaning they have usually moved in the same direction, including during past declines.

	Correlation
Correlation (All Time) Calculated using the full available price history since Jul 10, 2026	0.82

Return for Risk

TEXX vs. PWRZ - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Horizon Kinetics Texas ETF (TEXX) and TrueShares Eagle Global Next Gen Power Infrastructure ETF (PWRZ). 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

TEXX vs. PWRZ - Drawdown Comparison

The maximum TEXX drawdown since its inception was -5.86%, which is greater than PWRZ's maximum drawdown of -3.62%. Use the drawdown chart below to compare losses from any high point for TEXX and PWRZ.

Drawdown Indicators

	TEXX	PWRZ	Difference
Max Drawdown Largest peak-to-trough decline	-5.86%	-3.62%	-2.24%
Current Drawdown Current decline from peak	-1.11%	-2.39%	+1.28%
Average Drawdown Average peak-to-trough decline	-2.01%	-1.20%	-0.81%

Volatility

Volatility by Period

	TEXX	PWRZ	Difference
Volatility (1Y) Calculated over the trailing 1-year period	16.11%	12.56%	+3.55%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	16.11%	12.56%	+3.55%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	16.11%	12.56%	+3.55%

TEXX vs. PWRZ - Expense Ratio Comparison

TEXX has a 0.85% expense ratio, which is higher than PWRZ's 0.75% expense ratio.

Dividends

TEXX vs. PWRZ - Dividend Comparison

Neither TEXX nor PWRZ has paid dividends to shareholders.

Tickers have no history of dividend payments

Frequently Asked Questions

Can I hold both TEXX and PWRZ in my portfolio?

TEXX and PWRZ have a correlation of 0.82, 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 PWRZ?

On fees, PWRZ is cheaper at 0.75% per year. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF is cheaper, TEXX or PWRZ?

PWRZ is cheaper with a 0.75% expense ratio, compared with 0.85% for TEXX.

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

TEXX and PWRZ have nearly identical dividend yields, around 0.00%.

What is the main difference between TEXX and PWRZ?

TEXX is categorized as Energy Equities, while PWRZ is Infrastructure Equities. They also come from different issuers: Horizon Kinetics and TrueShares. Their fees differ too: 0.85% for TEXX and 0.75% for PWRZ.