Correlation
The correlation between TXS and SPY is 0.80, 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.
TXS vs. SPY
Compare and contrast key facts about Texas Capital Texas Equity Index ETF (TXS) and SPDR S&P 500 ETF (SPY).
TXS and SPY 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. SPY is a passively managed fund by State Street that tracks the performance of the S&P 500 Index. It was launched on Jan 22, 1993. Both TXS and SPY 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 SPY.
Performance
TXS vs. SPY - Performance Comparison
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Key characteristics
TXS:
0.94
SPY:
0.67
TXS:
1.35
SPY:
1.03
TXS:
1.19
SPY:
1.15
TXS:
0.94
SPY:
0.69
TXS:
3.14
SPY:
2.61
TXS:
5.91%
SPY:
4.92%
TXS:
20.84%
SPY:
20.44%
TXS:
-19.69%
SPY:
-55.19%
TXS:
-3.74%
SPY:
-3.44%
Returns By Period
In the year-to-date period, TXS achieves a 3.27% return, which is significantly higher than SPY's 0.98% return.
TXS
3.27%
6.69%
-3.44%
19.47%
N/A
N/A
N/A
SPY
0.98%
6.45%
-0.84%
13.58%
14.08%
15.83%
12.73%
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TXS vs. SPY - Expense Ratio Comparison
TXS has a 0.49% expense ratio, which is higher than SPY's 0.09% expense ratio.
Risk-Adjusted Performance
TXS vs. SPY — Risk-Adjusted Performance Rank
TXS
SPY
TXS vs. SPY - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for Texas Capital Texas Equity Index ETF (TXS) and SPDR S&P 500 ETF (SPY). 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.
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Dividends
TXS vs. SPY - Dividend Comparison
TXS's dividend yield for the trailing twelve months is around 0.80%, less than SPY's 1.21% yield.
| TTM | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
TXS Texas Capital Texas Equity Index ETF | 0.80% | 0.86% | 0.53% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
SPY SPDR S&P 500 ETF | 1.21% | 1.21% | 1.40% | 1.65% | 1.20% | 1.52% | 1.75% | 2.04% | 1.80% | 2.03% | 2.06% | 1.87% |
Drawdowns
TXS vs. SPY - Drawdown Comparison
The maximum TXS drawdown since its inception was -19.69%, smaller than the maximum SPY drawdown of -55.19%. Use the drawdown chart below to compare losses from any high point for TXS and SPY.
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Volatility
TXS vs. SPY - Volatility Comparison
Texas Capital Texas Equity Index ETF (TXS) and SPDR S&P 500 ETF (SPY) have volatilities of 4.91% and 4.85%, respectively, indicating that both stocks experience similar levels of price fluctuations. This suggests that the risk associated with both stocks, as measured by volatility, is nearly the same. The chart below showcases a comparison of their rolling one-month volatility.
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