TXS vs. OPTZ

Last updated Jun 25, 2026

TXS (Texas Capital Texas Equity Index ETF) and OPTZ (Optimize Strategy Index ETF) are both Mid Cap Blend Equities funds - TXS tracks the Texas Capital Texas Equity Index - Benchmark TR Gross while OPTZ tracks the Optimize Strategy Index. Both are passively managed. Over the past year, TXS returned 15.28% vs 57.85% for OPTZ. A 0.78 correlation means they provide meaningful diversification when combined. TXS charges 0.49%/yr vs 0.25%/yr for OPTZ.

Performance

TXS vs. OPTZ - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Texas Capital Texas Equity Index ETF (TXS) and Optimize Strategy Index ETF (OPTZ). 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 OPTZ's 32.22% return.

TXS

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

OPTZ

• 1D: -0.25%
• 1M: 6.74%
• YTD: 32.22%
• 6M: 29.46%
• 1Y: 57.85%
• 3Y*: —
• 5Y*: —
• 10Y*: —

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

TXS vs. OPTZ - Yearly Performance Comparison

	2026 (YTD)	2025	2024
TXS Texas Capital Texas Equity Index ETF	11.72%	10.31%	22.48%
OPTZ Optimize Strategy Index ETF	32.22%	22.83%	16.41%

Correlation

The correlation between TXS and OPTZ is 0.71, which is moderate. They share some common price drivers but move independently often enough to provide real diversification benefit when combined.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.71
Correlation (All Time) Calculated using the full available price history since Apr 23, 2024	0.78

The correlation between TXS and OPTZ has been stable across timeframes, ranging from 0.71 to 0.78 - a consistent structural relationship.

TXS vs. OPTZ - Sectors Allocation Comparison

Sectors	TXS	OPTZ
Energy	19.1%	1.3%
Consumer Cyclical	17.0%	8.5%
Technology	15.1%	55.4%
Industrials	14.6%	8.2%
Real Estate	12.1%	1.4%
Healthcare	9.0%	9.4%
Financial Services	7.0%	8.0%
Communication Services	2.4%	2.6%
Consumer Defensive	1.7%	3.5%
Utilities	1.7%	0.6%
Basic Materials	0.3%	1.1%

Return for Risk

TXS vs. OPTZ — 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

OPTZ

OPTZ Risk / Return Rank: 92
OPTZ Sharpe Ratio Rank: 93
OPTZ Sortino Ratio Rank: 91
OPTZ Omega Ratio Rank: 89
OPTZ Calmar Ratio Rank: 92
OPTZ Martin Ratio Rank: 94

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. OPTZ - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Texas Capital Texas Equity Index ETF (TXS) and Optimize Strategy Index ETF (OPTZ). 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	OPTZ	Difference
Sharpe ratio: Return per unit of total volatility	1.31	2.94	-1.62
Sortino ratio: Return per unit of downside risk	1.88	3.78	-1.90
Omega ratio: Gain probability vs. loss probability	1.23	1.50	-0.27
Calmar ratio: Return relative to maximum drawdown	2.34	5.47	-3.12
Martin ratio: Return relative to average drawdown	7.92	23.91	-15.99

TXS vs. OPTZ - Sharpe Ratio Comparison

The current TXS Sharpe Ratio is 1.31, which is lower than the OPTZ Sharpe Ratio of 2.94. The chart below compares the historical Sharpe Ratios of TXS and OPTZ, 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. OPTZ - Drawdown Comparison

The maximum TXS drawdown since its inception was -19.69%, smaller than the maximum OPTZ drawdown of -25.75%. Use the drawdown chart below to compare losses from any high point for TXS and OPTZ.

Drawdown Indicators

	TXS	OPTZ	Difference
Max Drawdown Largest peak-to-trough decline	-19.69%	-25.75%	+6.06%
Max Drawdown (1Y) Largest decline over 1 year	-6.54%	-10.63%	+4.09%
Current Drawdown Current decline from peak	-1.56%	-3.46%	+1.90%
Average Drawdown Average peak-to-trough decline	-2.81%	-3.36%	+0.55%
Ulcer Index Depth and duration of drawdowns from previous peaks	1.93%	2.43%	-0.50%

Volatility

TXS vs. OPTZ - Volatility Comparison

The current volatility for Texas Capital Texas Equity Index ETF (TXS) is 3.14%, while Optimize Strategy Index ETF (OPTZ) has a volatility of 9.72%. This indicates that TXS experiences smaller price fluctuations and is considered to be less risky than OPTZ based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	TXS	OPTZ	Difference
Volatility (1M) Calculated over the trailing 1-month period	3.14%	9.72%	-6.58%
Volatility (6M) Calculated over the trailing 6-month period	8.18%	16.06%	-7.88%
Volatility (1Y) Calculated over the trailing 1-year period	11.71%	19.87%	-8.16%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	15.83%	21.27%	-5.44%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	15.83%	21.27%	-5.44%

TXS vs. OPTZ - Expense Ratio Comparison

TXS has a 0.49% expense ratio, which is higher than OPTZ's 0.25% expense ratio.

Dividends

TXS vs. OPTZ - Dividend Comparison

TXS's dividend yield for the trailing twelve months is around 0.75%, more than OPTZ's 0.44% yield.

Position	TTM	2025	2024	2023
OPTZ Optimize Strategy Index ETF	0.44%	0.58%	0.32%	0.00%
TXS Texas Capital Texas Equity Index ETF	0.75%	0.82%	0.86%	0.53%

Frequently Asked Questions

Can I hold both TXS and OPTZ in my portfolio?

TXS and OPTZ have a correlation of 0.71, 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 OPTZ?

OPTZ has higher volatility (9.72%) compared to TXS (3.14%). In terms of maximum drawdown, TXS dropped -19.69% vs OPTZ's -25.75%.

Which ETF is better, TXS or OPTZ?

On 1-year performance, OPTZ leads with 57.85% vs 15.28% for TXS. On fees, OPTZ is cheaper at 0.25% 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 OPTZ?

Over the 1-year period, OPTZ has performed better with a 57.85% 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 OPTZ?

OPTZ is cheaper with a 0.25% expense ratio, compared with 0.49% for TXS.

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

TXS has the higher dividend yield at 0.75%, compared with 0.44% for OPTZ.

What is the main difference between TXS and OPTZ?

TXS tracks Texas Capital Texas Equity Index - Benchmark TR Gross, while OPTZ tracks Optimize Strategy Index. They also come from different issuers: Texas Capital and Optimize. Their fees differ too: 0.49% for TXS and 0.25% for OPTZ.

Which has better risk-adjusted returns?

OPTZ currently has the higher Sharpe Ratio (2.94 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.