TXS vs. IMCB
Compare and contrast key facts about Texas Capital Texas Equity Index ETF (TXS) and iShares Morningstar Mid-Cap ETF (IMCB).
TXS and IMCB are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. TXS is a passively managed fund by Texas Capital that tracks the performance of the Texas Capital Texas Equity Index - Benchmark TR Gross. It was launched on Jul 12, 2023. IMCB is a passively managed fund by iShares that tracks the performance of the IMCB-US - Morningstar U.S. Mid Cap Index. It was launched on Jun 28, 2004. Both TXS and IMCB are passive ETFs, meaning that they are not actively managed but aim to replicate the performance of the underlying index as closely as possible.
Performance
TXS vs. IMCB - Performance Comparison
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TXS vs. IMCB - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | |
|---|---|---|---|---|
TXS Texas Capital Texas Equity Index ETF | 5.61% | 10.31% | 24.29% | 5.64% |
IMCB iShares Morningstar Mid-Cap ETF | 1.14% | 10.25% | 15.10% | 4.19% |
Returns By Period
In the year-to-date period, TXS achieves a 5.61% return, which is significantly higher than IMCB's 1.14% return.
TXS
- 1D
- 1.50%
- 1M
- -3.72%
- YTD
- 5.61%
- 6M
- 2.65%
- 1Y
- 20.52%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
IMCB
- 1D
- 2.52%
- 1M
- -5.47%
- YTD
- 1.14%
- 6M
- 1.17%
- 1Y
- 14.21%
- 3Y*
- 12.90%
- 5Y*
- 7.16%
- 10Y*
- 10.27%
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TXS vs. IMCB - Expense Ratio Comparison
TXS has a 0.49% expense ratio, which is higher than IMCB's 0.04% expense ratio.
Return for Risk
TXS vs. IMCB — Risk / Return Rank
TXS
IMCB
TXS vs. IMCB - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Texas Capital Texas Equity Index ETF (TXS) and iShares Morningstar Mid-Cap ETF (IMCB). 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.
| TXS | IMCB | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | 1.14 | 0.79 | +0.35 |
Sortino ratioReturn per unit of downside risk | 1.66 | 1.22 | +0.45 |
Omega ratioGain probability vs. loss probability | 1.25 | 1.17 | +0.08 |
Calmar ratioReturn relative to maximum drawdown | 1.65 | 1.16 | +0.49 |
Martin ratioReturn relative to average drawdown | 8.05 | 5.35 | +2.70 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
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Sharpe Ratios by Period
| TXS | IMCB | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 1.14 | 0.79 | +0.35 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | — | 0.41 | — |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | — | 0.52 | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 1.05 | 0.48 | +0.57 |
Correlation
The correlation between TXS and IMCB is 0.89, which is considered to be high. That indicates a strong positive relationship between their price movements. Having highly-correlated positions in a portfolio may signal a lack of diversification, potentially leading to increased risk during market downturns.
Dividends
TXS vs. IMCB - Dividend Comparison
TXS's dividend yield for the trailing twelve months is around 0.79%, less than IMCB's 1.38% yield.
| TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
TXS Texas Capital Texas Equity Index ETF | 0.79% | 0.82% | 0.86% | 0.53% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
IMCB iShares Morningstar Mid-Cap ETF | 1.38% | 1.42% | 1.43% | 1.55% | 1.70% | 1.08% | 1.12% | 1.32% | 1.80% | 1.31% | 1.79% | 1.47% |
Drawdowns
TXS vs. IMCB - Drawdown Comparison
The maximum TXS drawdown since its inception was -19.69%, smaller than the maximum IMCB drawdown of -58.80%. Use the drawdown chart below to compare losses from any high point for TXS and IMCB.
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Drawdown Indicators
| TXS | IMCB | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -19.69% | -58.80% | +39.11% |
Max Drawdown (1Y)Largest decline over 1 year | -12.89% | -12.92% | +0.03% |
Max Drawdown (5Y)Largest decline over 5 years | — | -25.15% | — |
Max Drawdown (10Y)Largest decline over 10 years | — | -40.99% | — |
Current DrawdownCurrent decline from peak | -4.35% | -5.73% | +1.38% |
Average DrawdownAverage peak-to-trough decline | -2.95% | -7.79% | +4.84% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.64% | 2.79% | -0.15% |
Volatility
TXS vs. IMCB - Volatility Comparison
The current volatility for Texas Capital Texas Equity Index ETF (TXS) is 3.83%, while iShares Morningstar Mid-Cap ETF (IMCB) has a volatility of 5.32%. This indicates that TXS experiences smaller price fluctuations and is considered to be less risky than IMCB based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| TXS | IMCB | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 3.83% | 5.32% | -1.49% |
Volatility (6M)Calculated over the trailing 6-month period | 9.21% | 9.96% | -0.75% |
Volatility (1Y)Calculated over the trailing 1-year period | 18.07% | 17.98% | +0.09% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 16.26% | 17.57% | -1.31% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 16.26% | 19.63% | -3.37% |