TXO vs. IVZ

Last updated Apr 1, 2026

Compare and contrast key facts about TXO Partners, L.P. (TXO) and Invesco Ltd. (IVZ).

Performance

TXO vs. IVZ - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in TXO Partners, L.P. (TXO) and Invesco Ltd. (IVZ). The values are adjusted to include any dividend payments, if applicable.

TXO vs. IVZ - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023
TXO TXO Partners, L.P.	20.76%	-27.94%	4.48%	-11.11%
IVZ Invesco Ltd.	-6.79%	56.94%	3.02%	4.25%

Fundamentals

EPS TXO : $0.32 IVZ : $2.31
PE Ratio TXO : 38.83 IVZ : 10.53
PS Ratio TXO : 1.80 IVZ : 1.76
Total Revenue (TTM) TXO : $364.41M IVZ : $6.28B
Gross Profit (TTM) TXO : $128.51M IVZ : $2.22B
EBITDA (TTM) TXO : $124.02M IVZ : $1.52B

Returns By Period

In the year-to-date period, TXO achieves a 20.76% return, which is significantly higher than IVZ's -6.79% return.

TXO

• 1D: -2.56%
• 1M: 2.92%
• YTD: 20.76%
• 6M: -5.91%
• 1Y: -25.90%
• 3Y*: -8.37%
• 5Y*: —
• 10Y*: —

IVZ

• 1D: 4.29%
• 1M: -7.50%
• YTD: -6.79%
• 6M: 7.68%
• 1Y: 66.68%
• 3Y*: 20.18%
• 5Y*: 3.43%
• 10Y*: 2.17%

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

Return for Risk

TXO vs. IVZ — Risk / Return Rank

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

TXO

TXO Risk / Return Rank: 13
TXO Sharpe Ratio Rank: 6
TXO Sortino Ratio Rank: 9
TXO Omega Ratio Rank: 9
TXO Calmar Ratio Rank: 20
TXO Martin Ratio Rank: 21

IVZ

IVZ Risk / Return Rank: 86
IVZ Sharpe Ratio Rank: 87
IVZ Sortino Ratio Rank: 84
IVZ Omega Ratio Rank: 85
IVZ Calmar Ratio Rank: 86
IVZ Martin Ratio Rank: 86

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.

TXO vs. IVZ - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for TXO Partners, L.P. (TXO) and Invesco Ltd. (IVZ). 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.

	TXO	IVZ	Difference
Sharpe ratio Return per unit of total volatility	-0.91	1.66	-2.57
Sortino ratio Return per unit of downside risk	-1.10	2.28	-3.38
Omega ratio Gain probability vs. loss probability	0.84	1.32	-0.48
Calmar ratio Return relative to maximum drawdown	-0.62	2.94	-3.56
Martin ratio Return relative to average drawdown	-1.06	8.21	-9.27
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

TXO vs. IVZ - Sharpe Ratio Comparison

The current TXO Sharpe Ratio is -0.91, which is lower than the IVZ Sharpe Ratio of 1.66. The chart below compares the historical Sharpe Ratios of TXO and IVZ, offering insights into how both investments have performed under varying market conditions. These values are calculated using daily returns over the previous 12 months.

Sharpe Ratios by Period

	TXO	IVZ	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	-0.91	1.66	-2.57
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	—	0.09	—
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	—	0.06	—
Sharpe Ratio (All Time) Calculated using the full available price history	-0.22	0.17	-0.40

Correlation

The correlation between TXO and IVZ is 0.11, which is considered to be low. This implies their price changes are not closely related. A low correlation is generally favorable for portfolio diversification, as it helps to reduce overall risk by spreading it across multiple assets with different performance patterns.

Dividends

TXO vs. IVZ - Dividend Comparison

TXO's dividend yield for the trailing twelve months is around 13.59%, more than IVZ's 3.46% yield.

	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
TXO TXO Partners, L.P.	13.59%	18.93%	14.13%	8.25%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
IVZ Invesco Ltd.	3.46%	3.18%	4.66%	6.15%	4.07%	2.89%	4.45%	6.84%	7.11%	3.15%	3.66%	3.17%

Drawdowns

TXO vs. IVZ - Drawdown Comparison

The maximum TXO drawdown since its inception was -46.41%, smaller than the maximum IVZ drawdown of -83.91%. Use the drawdown chart below to compare losses from any high point for TXO and IVZ.

Drawdown Indicators

	TXO	IVZ	Difference
Max Drawdown Largest peak-to-trough decline	-46.41%	-83.91%	+37.50%
Max Drawdown (1Y) Largest decline over 1 year	-41.60%	-22.63%	-18.97%
Max Drawdown (5Y) Largest decline over 5 years	—	-53.45%	—
Max Drawdown (10Y) Largest decline over 10 years	—	-79.72%	—
Current Drawdown Current decline from peak	-31.96%	-16.83%	-15.13%
Average Drawdown Average peak-to-trough decline	-17.89%	-36.16%	+18.27%
Ulcer Index Depth and duration of drawdowns from previous peaks	24.44%	8.09%	+16.35%

Volatility

TXO vs. IVZ - Volatility Comparison

The current volatility for TXO Partners, L.P. (TXO) is 6.21%, while Invesco Ltd. (IVZ) has a volatility of 10.53%. This indicates that TXO experiences smaller price fluctuations and is considered to be less risky than IVZ based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	TXO	IVZ	Difference
Volatility (1M) Calculated over the trailing 1-month period	6.21%	10.53%	-4.32%
Volatility (6M) Calculated over the trailing 6-month period	18.02%	24.45%	-6.43%
Volatility (1Y) Calculated over the trailing 1-year period	28.47%	40.47%	-12.00%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	29.08%	36.55%	-7.47%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	29.08%	39.28%	-10.20%

Financials

TXO vs. IVZ - Profitability Comparison

The chart below illustrates the profitability comparison between TXO Partners, L.P. and Invesco Ltd. over time, highlighting three key metrics: Gross Profit Margin, Operating Margin, and Net Profit Margin.

TXO - Gross Margin

Gross margin is calculated as gross profit divided by revenue. For the three months ending on Apr 2026, TXO Partners, L.P. reported a gross profit of 53.01M and revenue of 100.88M. Therefore, the gross margin over that period was 52.6%.

IVZ - Gross Margin

Gross margin is calculated as gross profit divided by revenue. For the three months ending on Apr 2026, Invesco Ltd. reported a gross profit of 560.50M and revenue of 1.64B. Therefore, the gross margin over that period was 34.2%.

TXO - Operating Margin

Operating margin is calculated as operating income divided by revenue. For the three months ending on Apr 2026, TXO Partners, L.P. reported an operating income of 3.76M and revenue of 100.88M, resulting in an operating margin of 3.7%.

IVZ - Operating Margin

Operating margin is calculated as operating income divided by revenue. For the three months ending on Apr 2026, Invesco Ltd. reported an operating income of 270.90M and revenue of 1.64B, resulting in an operating margin of 16.5%.

TXO - Net Margin

Net margin is calculated as net income divided by revenue. For the three months ending on Apr 2026, TXO Partners, L.P. reported a net income of 4.35M and revenue of 100.88M, resulting in a net margin of 4.3%.

IVZ - Net Margin

Net margin is calculated as net income divided by revenue. For the three months ending on Apr 2026, Invesco Ltd. reported a net income of 345.70M and revenue of 1.64B, resulting in a net margin of 21.1%.