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TXS vs. QQQ
Performance
Return for Risk
Drawdowns
Volatility
Dividends

TXS vs. QQQ

Last updated Aug 2, 2026
Documentation

TXS (Texas Capital Texas Equity Index ETF) and QQQ (Invesco QQQ ETF) are both exchange-traded funds - TXS is a Mid Cap Blend Equities fund tracking the Texas Capital Texas Equity Index - Benchmark TR Gross, while QQQ is a Nasdaq-100 fund tracking the NASDAQ-100 Index. Both are passively managed. Over the past 3 years, TXS returned 18.75%/yr vs 22.29%/yr for QQQ. Their 0.62 correlation means they have sometimes moved together and sometimes differently. TXS charges 0.49%/yr vs 0.18%/yr for QQQ.

Performance

TXS vs. QQQ - Performance Comparison

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

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Returns By Period

In the year-to-date period, TXS achieves a 16.25% return, which is significantly higher than QQQ's 12.26% return.

TXS

1D
0.50%
1M
2.47%
6M
10.71%
YTD
16.25%
1Y
20.82%
3Y*
18.75%
5Y*
—
10Y*
—
ALL TIME*
18.68%

QQQ

1D
0.65%
1M
-3.45%
6M
10.89%
YTD
12.26%
1Y
24.81%
3Y*
22.29%
5Y*
14.23%
10Y*
20.44%
ALL TIME*
10.64%
*Multi-year figures are annualized to reflect compound growth (CAGR)

Liquidity Comparison

PositionAvg. Volume Value (2W)Avg. Volume Value (1M)Avg. Volume Value (3M)

QQQ

Invesco QQQ ETF
$30.32B$28.40B$31.45B

TXS

Texas Capital Texas Equity Index ETF
$95.82K$150.67K$116.32K

TXS vs. QQQ - Yearly Performance Comparison

2026 (YTD)202520242023
TXS
Texas Capital Texas Equity Index ETF		16.25%10.31%24.29%5.77%
QQQ
Invesco QQQ ETF		12.26%20.77%25.58%10.28%

Correlation

The correlation between TXS and QQQ is 0.53, which is moderate. They have sometimes moved together and sometimes differently, sharing some price drivers without tracking each other closely.

Correlation
Correlation (1Y)
Focuses on recent behavior, but can change the most.

0.53

Correlation (3Y)
Balances recent behavior with more history.

0.63

Correlation (All Time)
Calculated using the full available price history since Jul 13, 2023

0.62

The correlation between TXS and QQQ has been stable across timeframes, ranging from 0.53 to 0.63 - a consistent structural relationship.

TXS vs. QQQ - Sectors Allocation Comparison

Sectors
TXS
QQQ

Energy

18.1%
0.5%

Consumer Cyclical

17.6%
10.7%

Industrials

14.1%
2.7%

Real Estate

12.2%
0.1%

Technology

12.1%
60.9%

Healthcare

11.7%
3.6%

Financial Services

7.5%
0.2%

Consumer Defensive

2.3%
6.3%

Communication Services

2.1%
13.1%

Utilities

2.0%
1.1%

Basic Materials

0.3%
1.0%

Energy

TXS
18.1%
QQQ
0.5%

Consumer Cyclical

TXS
17.6%
QQQ
10.7%

Industrials

TXS
14.1%
QQQ
2.7%

Real Estate

TXS
12.2%
QQQ
0.1%

Technology

TXS
12.1%
QQQ
60.9%

Healthcare

TXS
11.7%
QQQ
3.6%

Financial Services

TXS
7.5%
QQQ
0.2%

Consumer Defensive

TXS
2.3%
QQQ
6.3%

Communication Services

TXS
2.1%
QQQ
13.1%

Utilities

TXS
2.0%
QQQ
1.1%

Basic Materials

TXS
0.3%
QQQ
1.0%

Compare stocks, funds, or ETFs

Search for stocks, ETFs, and funds for a quick comparison or use the comparison tool for more options.

Texas Capital Texas Equity Index ETF

Invesco QQQ ETF

Often compared with TXS:
TXS vs. SPYTXS vs. ^GSPCTXS vs. VOOTXS vs. PWCTXS vs. GDETXS vs. TXNTXS vs. AVMC
Often compared with QQQ:
QQQ vs. SPYQQQ vs. VOOQQQ vs. VGTQQQ vs. TQQQQQQ vs. SMHQQQ vs. QQQMQQQ vs. SPMO

Return for Risk

TXS vs. QQQ — Risk / Return Rank

Compare historical risk-adjusted metric ranks over the past 12 months.
TXS
TXS Risk / Return Rank: 7676
Overall Rank
TXS Sharpe Ratio Rank: 7373
Sharpe Ratio Rank
TXS Sortino Ratio Rank: 7474
Sortino Ratio Rank
TXS Omega Ratio Rank: 7171
Omega Ratio Rank
TXS Calmar Ratio Rank: 8181
Calmar Ratio Rank
TXS Martin Ratio Rank: 7979
Martin Ratio Rank
QQQ
QQQ Risk / Return Rank: 4949
Overall Rank
QQQ Sharpe Ratio Rank: 4747
Sharpe Ratio Rank
QQQ Sortino Ratio Rank: 4646
Sortino Ratio Rank
QQQ Omega Ratio Rank: 4545
Omega Ratio Rank
QQQ Calmar Ratio Rank: 5353
Calmar Ratio Rank
QQQ Martin Ratio Rank: 5252
Martin Ratio Rank
The rank (0–100) uses a weighted average of the Sharpe, Sortino, Omega, Calmar, and Martin percentile ranks for the trailing 12 months. Higher means stronger historical risk-adjusted performance within the peer group.

TXS vs. QQQ - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Texas Capital Texas Equity Index ETF (TXS) and Invesco QQQ ETF (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.

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.

TXSQQQDifference
Sharpe ratioReturn per unit of total volatility
1.68
1.16

+0.53

Sortino ratioReturn per unit of downside risk
2.41
1.65

+0.76

Omega ratioGain probability vs. loss probability

1.30

1.21

+0.09

Calmar ratioReturn relative to maximum drawdown

2.97

1.88

+1.09

Martin ratioReturn relative to average drawdown

10.19

6.00

+4.19

TXS vs. QQQ - Sharpe Ratio Comparison

The current TXS Sharpe Ratio is 1.68, which is higher than the QQQ Sharpe Ratio of 1.16. The chart below compares the historical Sharpe Ratios of TXS and QQQ, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

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Drawdowns

TXS vs. QQQ - Drawdown Comparison

The maximum TXS drawdown since its inception was -19.69%, smaller than the maximum QQQ drawdown of -82.97%. Use the drawdown chart below to compare losses from any high point for TXS and QQQ.

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Drawdown Indicators

TXSQQQDifference

Max Drawdown

Largest peak-to-trough decline

-19.69%

-82.97%

+63.28%

Max Drawdown (1Y)

Largest decline over 1 year

-6.54%

-11.96%

+5.42%

Max Drawdown (3Y)

Largest decline over 3 years

-19.69%

-22.77%

+3.08%

Max Drawdown (5Y)

Largest decline over 5 years

—

-35.12%

—

Max Drawdown (10Y)

Largest decline over 10 years

—

-35.12%

—

Current Drawdown

Current decline from peak

0.00%

-7.69%

+7.69%

Average Drawdown

Average peak-to-trough decline

-2.73%

-32.62%

+29.89%

Ulcer Index

Depth and duration of drawdowns from previous peaks

1.90%

3.74%

-1.84%

Volatility

TXS vs. QQQ - Volatility Comparison

The current volatility for Texas Capital Texas Equity Index ETF (TXS) is 2.63%, while Invesco QQQ ETF (QQQ) has a volatility of 6.87%. 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.

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Volatility by Period

TXSQQQDifference

Volatility (1M)

Calculated over the trailing 1-month period

2.63%

6.87%

-4.24%

Volatility (6M)

Calculated over the trailing 6-month period

7.80%

16.08%

-8.28%

Volatility (1Y)

Calculated over the trailing 1-year period

11.58%

19.38%

-7.80%

Volatility (5Y)

Calculated over the trailing 5-year period, annualized

15.64%

22.90%

-7.26%

Volatility (10Y)

Calculated over the trailing 10-year period, annualized

15.64%

22.50%

-6.86%

TXS vs. QQQ - Expense Ratio Comparison

TXS has a 0.49% expense ratio, which is higher than QQQ's 0.18% expense ratio.

Dividends

TXS vs. QQQ - Dividend Comparison

TXS's dividend yield for the trailing twelve months is around 0.78%, more than QQQ's 0.44% yield.

PositionTTM20252024202320222021202020192018201720162015
QQQ
Invesco QQQ ETF		0.44%0.45%0.56%0.62%0.80%0.43%0.55%0.74%0.91%0.84%1.06%0.99%
TXS
Texas Capital Texas Equity Index ETF		0.78%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

TXS and QQQ have a correlation of 0.53, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

QQQ has higher volatility (6.87%) compared to TXS (2.63%). In terms of maximum drawdown, TXS dropped -19.69% vs QQQ's -82.97%.

On 3-year performance, QQQ leads with 22.29% vs 18.75% for TXS. On fees, QQQ is cheaper at 0.18% per year. On volatility, TXS has been the lower-risk option at 2.63%. The better choice depends on whether you care most about return, fees, risk, or income.

Over the 3-year period, QQQ has performed better with a 22.29% return vs 18.75%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

QQQ is cheaper with a 0.18% expense ratio, compared with 0.49% for TXS.

TXS has the higher dividend yield at 0.78%, compared with 0.44% for QQQ.

TXS is categorized as Mid Cap Blend Equities, while QQQ is Nasdaq-100. TXS tracks Texas Capital Texas Equity Index - Benchmark TR Gross, while QQQ tracks NASDAQ-100 Index. They also come from different issuers: Texas Capital and Invesco. Their fees differ too: 0.49% for TXS and 0.18% for QQQ.

TXS currently has the higher Sharpe Ratio (1.68 vs 1.16), 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.

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