TEXX vs. VOLT

Last updated Jun 6, 2026

TEXX (Horizon Kinetics Texas ETF) and VOLT (Tema Electrification ETF) are both Energy Equities funds. Both are actively managed. At a 0.27 correlation, their price movements are largely independent. TEXX charges 0.85%/yr vs 0.75%/yr for VOLT.

Performance

TEXX vs. VOLT - Performance Comparison

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

Returns By Period

TEXX

• 1D: -2.36%
• 1M: 0.99%
• YTD: —
• 6M: —
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —

VOLT

• 1D: -3.47%
• 1M: -7.25%
• YTD: 32.76%
• 6M: 29.05%
• 1Y: 60.65%
• 3Y*: —
• 5Y*: —
• 10Y*: —

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

TEXX vs. VOLT - Yearly Performance Comparison

	2026 (YTD)
TEXX Horizon Kinetics Texas ETF	12.44%
VOLT Tema Electrification ETF	22.09%

Correlation

The correlation between TEXX and VOLT is 0.27, which is low. Their price movements are largely independent, making them effective diversification partners.

	Correlation
Correlation (All Time) Calculated using the full available price history since Jan 23, 2026	0.27

Return for Risk

TEXX vs. VOLT — Risk / Return Rank

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

VOLT

VOLT Risk / Return Rank: 88
VOLT Sharpe Ratio Rank: 90
VOLT Sortino Ratio Rank: 85
VOLT Omega Ratio Rank: 83
VOLT Calmar Ratio Rank: 94
VOLT Martin Ratio Rank: 88

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. VOLT - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Horizon Kinetics Texas ETF (TEXX) and Tema Electrification ETF (VOLT). 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.

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

Sharpe Ratios by Period

	TEXX	VOLT	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	—	2.95	—
Sharpe Ratio (All Time) Calculated using the full available price history	2.26	1.35	+0.90

Drawdowns

TEXX vs. VOLT - Drawdown Comparison

The maximum TEXX drawdown since its inception was -4.97%, smaller than the maximum VOLT drawdown of -23.40%. Use the drawdown chart below to compare losses from any high point for TEXX and VOLT.

Drawdown Indicators

	TEXX	VOLT	Difference
Max Drawdown Largest peak-to-trough decline	-4.97%	-23.40%	+18.43%
Max Drawdown (1Y) Largest decline over 1 year	—	-8.96%	—
Current Drawdown Current decline from peak	-3.28%	-7.25%	+3.97%
Average Drawdown Average peak-to-trough decline	-1.55%	-5.17%	+3.62%
Ulcer Index Depth and duration of drawdowns from previous peaks	—	3.25%	—

Volatility

Volatility by Period

	TEXX	VOLT	Difference
Volatility (1M) Calculated over the trailing 1-month period	—	8.36%	—
Volatility (6M) Calculated over the trailing 6-month period	—	17.52%	—
Volatility (1Y) Calculated over the trailing 1-year period	16.66%	20.68%	-4.02%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	16.66%	24.22%	-7.56%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	16.66%	24.22%	-7.56%

TEXX vs. VOLT - Expense Ratio Comparison

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

Dividends

TEXX vs. VOLT - Dividend Comparison

TEXX has not paid dividends to shareholders, while VOLT's dividend yield for the trailing twelve months is around 0.34%.

Position	TTM	2025	2024
TEXX Horizon Kinetics Texas ETF	0.00%	0.00%	0.00%
VOLT Tema Electrification ETF	0.34%	0.46%	0.01%

Frequently Asked Questions

Can I hold both TEXX and VOLT in my portfolio?

TEXX and VOLT have a correlation of 0.27, 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 VOLT?

On fees, VOLT 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 VOLT?

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

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

VOLT has the higher dividend yield at 0.34%, compared with 0.00% for TEXX.

What is the main difference between TEXX and VOLT?

They also come from different issuers: Horizon Kinetics and Tema. Their fees differ too: 0.85% for TEXX and 0.75% for VOLT.