TXS vs. EPU

Last updated Jun 25, 2026

TXS (Texas Capital Texas Equity Index ETF) and EPU (iShares MSCI Peru ETF) are both Mid Cap Blend Equities funds - TXS tracks the Texas Capital Texas Equity Index - Benchmark TR Gross while EPU tracks the MSCI All Peru Capped Index. Both are passively managed. Over the past year, TXS returned 15.28% vs 78.91% for EPU. At a 0.44 correlation, their price movements are largely independent. TXS charges 0.49%/yr vs 0.59%/yr for EPU.

Performance

TXS vs. EPU - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Texas Capital Texas Equity Index ETF (TXS) and iShares MSCI Peru ETF (EPU). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, TXS achieves a 11.72% return, which is significantly lower than EPU's 16.52% return.

TXS

• 1D: 0.05%
• 1M: -0.70%
• YTD: 11.72%
• 6M: 10.00%
• 1Y: 15.28%
• 3Y*: —
• 5Y*: —
• 10Y*: —

EPU

• 1D: -1.71%
• 1M: 2.06%
• YTD: 16.52%
• 6M: 15.89%
• 1Y: 78.91%
• 3Y*: 45.74%
• 5Y*: 29.11%
• 10Y*: 14.53%

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

TXS vs. EPU - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023
TXS Texas Capital Texas Equity Index ETF	11.72%	10.31%	24.29%	5.77%
EPU iShares MSCI Peru ETF	16.52%	86.87%	21.73%	9.89%

Correlation

The correlation between TXS and EPU is 0.40, which is low. Their price movements are largely independent, making them effective diversification partners.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.40
Correlation (All Time) Calculated using the full available price history since Jul 13, 2023	0.44

TXS vs. EPU - Sectors Allocation Comparison

Sectors	TXS	EPU
Energy	19.1%	-
Consumer Cyclical	17.0%	4.1%
Technology	15.1%	-
Industrials	14.6%	2.6%
Real Estate	12.1%	3.0%
Healthcare	9.0%	0.9%
Financial Services	7.0%	27.9%
Communication Services	2.4%	1.5%
Consumer Defensive	1.7%	3.0%
Utilities	1.7%	2.8%
Basic Materials	0.3%	54.2%

Return for Risk

TXS vs. EPU — Risk / Return Rank

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

TXS

TXS Risk / Return Rank: 45
TXS Sharpe Ratio Rank: 41
TXS Sortino Ratio Rank: 40
TXS Omega Ratio Rank: 39
TXS Calmar Ratio Rank: 54
TXS Martin Ratio Rank: 52

EPU

EPU Risk / Return Rank: 77
EPU Sharpe Ratio Rank: 87
EPU Sortino Ratio Rank: 74
EPU Omega Ratio Rank: 76
EPU Calmar Ratio Rank: 80
EPU Martin Ratio Rank: 66

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.

TXS vs. EPU - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Texas Capital Texas Equity Index ETF (TXS) and iShares MSCI Peru ETF (EPU). 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.

	TXS	EPU	Difference
Sharpe ratio: Return per unit of total volatility	1.31	2.53	-1.22
Sortino ratio: Return per unit of downside risk	1.88	2.95	-1.07
Omega ratio: Gain probability vs. loss probability	1.23	1.40	-0.17
Calmar ratio: Return relative to maximum drawdown	2.34	3.80	-1.46
Martin ratio: Return relative to average drawdown	7.92	10.85	-2.93

TXS vs. EPU - Sharpe Ratio Comparison

The current TXS Sharpe Ratio is 1.31, which is lower than the EPU Sharpe Ratio of 2.53. The chart below compares the historical Sharpe Ratios of TXS and EPU, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Drawdowns

TXS vs. EPU - Drawdown Comparison

The maximum TXS drawdown since its inception was -19.69%, smaller than the maximum EPU drawdown of -60.62%. Use the drawdown chart below to compare losses from any high point for TXS and EPU.

Drawdown Indicators

	TXS	EPU	Difference
Max Drawdown Largest peak-to-trough decline	-19.69%	-60.62%	+40.93%
Max Drawdown (1Y) Largest decline over 1 year	-6.54%	-20.85%	+14.31%
Max Drawdown (3Y) Largest decline over 3 years	—	-20.85%	—
Max Drawdown (5Y) Largest decline over 5 years	—	-35.59%	—
Max Drawdown (10Y) Largest decline over 10 years	—	-50.97%	—
Current Drawdown Current decline from peak	-1.56%	-10.17%	+8.61%
Average Drawdown Average peak-to-trough decline	-2.81%	-18.79%	+15.98%
Ulcer Index Depth and duration of drawdowns from previous peaks	1.93%	7.29%	-5.36%

Volatility

TXS vs. EPU - Volatility Comparison

The current volatility for Texas Capital Texas Equity Index ETF (TXS) is 3.14%, while iShares MSCI Peru ETF (EPU) has a volatility of 12.83%. This indicates that TXS experiences smaller price fluctuations and is considered to be less risky than EPU based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	TXS	EPU	Difference
Volatility (1M) Calculated over the trailing 1-month period	3.14%	12.83%	-9.69%
Volatility (6M) Calculated over the trailing 6-month period	8.18%	27.25%	-19.07%
Volatility (1Y) Calculated over the trailing 1-year period	11.71%	31.38%	-19.67%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	15.83%	25.13%	-9.30%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	15.83%	23.66%	-7.83%

TXS vs. EPU - Expense Ratio Comparison

TXS has a 0.49% expense ratio, which is lower than EPU's 0.59% expense ratio.

Dividends

TXS vs. EPU - Dividend Comparison

TXS's dividend yield for the trailing twelve months is around 0.75%, less than EPU's 2.06% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
EPU iShares MSCI Peru ETF	2.06%	1.63%	5.78%	4.17%	5.56%	3.13%	1.91%	2.67%	1.53%	3.30%	0.85%	1.90%
TXS Texas Capital Texas Equity Index ETF	0.75%	0.82%	0.86%	0.53%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%

Frequently Asked Questions

Can I hold both TXS and EPU in my portfolio?

TXS and EPU have a correlation of 0.40, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, TXS or EPU?

EPU has higher volatility (12.83%) compared to TXS (3.14%). In terms of maximum drawdown, TXS dropped -19.69% vs EPU's -60.62%.

Which ETF is better, TXS or EPU?

On 1-year performance, EPU leads with 78.91% vs 15.28% for TXS. On fees, TXS is cheaper at 0.49% per year. On volatility, TXS has been the lower-risk option at 3.14%. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF has performed better, TXS or EPU?

Over the 1-year period, EPU has performed better with a 78.91% return vs 15.28%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, TXS or EPU?

TXS is cheaper with a 0.49% expense ratio, compared with 0.59% for EPU.

Which ETF pays a higher dividend yield, TXS or EPU?

EPU has the higher dividend yield at 2.06%, compared with 0.75% for TXS.

What is the main difference between TXS and EPU?

TXS tracks Texas Capital Texas Equity Index - Benchmark TR Gross, while EPU tracks MSCI All Peru Capped Index. They also come from different issuers: Texas Capital and iShares. Their fees differ too: 0.49% for TXS and 0.59% for EPU.

Which has better risk-adjusted returns?

EPU currently has the higher Sharpe Ratio (2.53 vs 1.31), meaning it's delivered slightly more return per unit of risk over the trailing 12 months. However, this ranking shifts over time - use the Risk/Return Score above for a more comprehensive view that combines Sharpe, Sortino, and other measures used by quantitative funds.