TEXX vs. VDE

Last updated Jul 12, 2026

TEXX (Horizon Kinetics Texas ETF) and VDE (Vanguard Energy ETF) are both Energy Equities funds. TEXX is actively managed, while VDE is passively managed. A 0.73 correlation means they provide meaningful diversification when combined. TEXX charges 0.85%/yr vs 0.09%/yr for VDE.

Performance

TEXX vs. VDE - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Horizon Kinetics Texas ETF (TEXX) and Vanguard Energy ETF (VDE). 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*: —

VDE

• 1D: 0.45%
• 1M: -2.83%
• 6M: 20.00%
• YTD: 25.04%
• 1Y: 27.93%
• 3Y*: 13.67%
• 5Y*: 20.00%
• 10Y*: 8.55%

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

TEXX vs. VDE - Yearly Performance Comparison

	2026 (YTD)
TEXX Horizon Kinetics Texas ETF	11.95%
VDE Vanguard Energy ETF	14.36%

Correlation

The correlation between TEXX and VDE is 0.73, which is moderate. They share some common price drivers but move independently often enough to provide real diversification benefit when combined.

	Correlation
Correlation (All Time) Calculated using the full available price history since Jan 22, 2026	0.73

Return for Risk

TEXX vs. VDE — Risk / Return Rank

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

TEXX

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

VDE

VDE Risk / Return Rank: 46
VDE Sharpe Ratio Rank: 50
VDE Sortino Ratio Rank: 47
VDE Omega Ratio Rank: 44
VDE Calmar Ratio Rank: 47
VDE Martin Ratio Rank: 41

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.

TEXX vs. VDE - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Horizon Kinetics Texas ETF (TEXX) and Vanguard Energy ETF (VDE). 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.

	TEXX	VDE	Difference
Sharpe ratio: Return per unit of total volatility	—	1.39	—
Sortino ratio: Return per unit of downside risk	—	1.90	—
Omega ratio: Gain probability vs. loss probability	—	1.23	—
Calmar ratio: Return relative to maximum drawdown	—	1.91	—
Martin ratio: Return relative to average drawdown	—	5.26	—

Drawdowns

TEXX vs. VDE - Drawdown Comparison

The maximum TEXX drawdown since its inception was -5.86%, smaller than the maximum VDE drawdown of -74.20%. Use the drawdown chart below to compare losses from any high point for TEXX and VDE.

Drawdown Indicators

	TEXX	VDE	Difference
Max Drawdown Largest peak-to-trough decline	-5.86%	-74.20%	+68.34%
Max Drawdown (1Y) Largest decline over 1 year	—	-15.04%	—
Max Drawdown (3Y) Largest decline over 3 years	—	-21.41%	—
Max Drawdown (5Y) Largest decline over 5 years	—	-26.58%	—
Max Drawdown (10Y) Largest decline over 10 years	—	-69.29%	—
Current Drawdown Current decline from peak	-3.40%	-11.53%	+8.13%
Average Drawdown Average peak-to-trough decline	-2.07%	-19.92%	+17.85%
Ulcer Index Depth and duration of drawdowns from previous peaks	—	5.45%	—

Volatility

Volatility by Period

	TEXX	VDE	Difference
Volatility (1M) Calculated over the trailing 1-month period	—	6.70%	—
Volatility (6M) Calculated over the trailing 6-month period	—	16.58%	—
Volatility (1Y) Calculated over the trailing 1-year period	16.18%	20.71%	-4.53%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	16.18%	26.29%	-10.11%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	16.18%	29.90%	-13.72%

TEXX vs. VDE - Expense Ratio Comparison

TEXX has a 0.85% expense ratio, which is higher than VDE's 0.09% expense ratio.

Dividends

TEXX vs. VDE - Dividend Comparison

TEXX has not paid dividends to shareholders, while VDE's dividend yield for the trailing twelve months is around 2.59%.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
TEXX Horizon Kinetics Texas ETF	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
VDE Vanguard Energy ETF	2.59%	3.11%	3.23%	3.34%	3.65%	4.13%	4.76%	3.42%	3.35%	2.90%	2.31%	3.17%

Frequently Asked Questions

Can I hold both TEXX and VDE in my portfolio?

TEXX and VDE have a correlation of 0.73, 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 VDE?

On fees, VDE is cheaper at 0.09% per year. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF is cheaper, TEXX or VDE?

VDE is cheaper with a 0.09% expense ratio, compared with 0.85% for TEXX.

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

VDE has the higher dividend yield at 2.59%, compared with 0.00% for TEXX.

What is the main difference between TEXX and VDE?

They also come from different issuers: Horizon Kinetics and Vanguard. Their fees differ too: 0.85% for TEXX and 0.09% for VDE.