TXS vs. QQQ
Compare and contrast key facts about Texas Capital Texas Equity Index ETF (TXS) and Invesco QQQ (QQQ).
TXS and QQQ 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. QQQ is a passively managed fund by Invesco that tracks the performance of the NASDAQ-100 Index. It was launched on Mar 10, 1999. Both TXS and QQQ are passive ETFs, meaning that they are not actively managed but aim to replicate the performance of the underlying index as closely as possible.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: TXS or QQQ.
Correlation
The correlation between TXS and QQQ is 0.62, which is considered to be moderate. This suggests that the two assets have some degree of positive relationship in their price movements. Moderate correlation can be acceptable for portfolio diversification, offering a balance between risk and potential returns.
Performance
TXS vs. QQQ - Performance Comparison
Key characteristics
TXS:
1.87
QQQ:
1.30
TXS:
2.57
QQQ:
1.78
TXS:
1.32
QQQ:
1.23
TXS:
3.69
QQQ:
1.76
TXS:
9.81
QQQ:
6.07
TXS:
2.83%
QQQ:
3.92%
TXS:
14.84%
QQQ:
18.29%
TXS:
-10.66%
QQQ:
-82.98%
TXS:
-4.00%
QQQ:
-0.26%
Returns By Period
In the year-to-date period, TXS achieves a 2.99% return, which is significantly lower than QQQ's 4.83% return.
TXS
2.99%
1.63%
12.93%
28.60%
N/A
N/A
QQQ
4.83%
6.10%
13.30%
24.44%
18.78%
18.46%
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TXS vs. QQQ - Expense Ratio Comparison
TXS has a 0.49% expense ratio, which is higher than QQQ's 0.20% expense ratio.
Risk-Adjusted Performance
TXS vs. QQQ — Risk-Adjusted Performance Rank
TXS
QQQ
TXS vs. QQQ - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for Texas Capital Texas Equity Index ETF (TXS) and Invesco QQQ (QQQ). 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.
Dividends
TXS vs. QQQ - Dividend Comparison
TXS's dividend yield for the trailing twelve months is around 0.83%, more than QQQ's 0.53% yield.
| TTM | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
TXS Texas Capital Texas Equity Index ETF | 0.83% | 0.86% | 0.53% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
QQQ Invesco QQQ | 0.53% | 0.56% | 0.62% | 0.80% | 0.43% | 0.55% | 0.74% | 0.91% | 0.84% | 1.06% | 0.99% | 1.41% |
Drawdowns
TXS vs. QQQ - Drawdown Comparison
The maximum TXS drawdown since its inception was -10.66%, smaller than the maximum QQQ drawdown of -82.98%. Use the drawdown chart below to compare losses from any high point for TXS and QQQ. For additional features, visit the drawdowns tool.
Volatility
TXS vs. QQQ - Volatility Comparison
The current volatility for Texas Capital Texas Equity Index ETF (TXS) is 4.81%, while Invesco QQQ (QQQ) has a volatility of 5.42%. This indicates that TXS experiences smaller price fluctuations and is considered to be less risky than QQQ based on this measure. The chart below showcases a comparison of their rolling one-month volatility.