TXS vs. SRHQ

Last updated Jun 23, 2026

TXS (Texas Capital Texas Equity Index ETF) and SRHQ (SRH U.S. Quality ETF) are both Mid Cap Blend Equities funds - TXS tracks the Texas Capital Texas Equity Index - Benchmark TR Gross while SRHQ tracks the SRH US Quality Index - Benchmark TR Gross. Both are passively managed. Over the past year, TXS returned 16.66% vs 23.31% for SRHQ. Their correlation of 0.81 suggests significant overlap in exposure. TXS charges 0.49%/yr vs 0.35%/yr for SRHQ.

Performance

TXS vs. SRHQ - Performance Comparison

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

Returns By Period

The year-to-date returns for both stocks are quite close, with TXS having a 11.83% return and SRHQ slightly lower at 11.73%.

TXS

• 1D: 0.48%
• 1M: -0.60%
• YTD: 11.83%
• 6M: 10.20%
• 1Y: 16.66%
• 3Y*: —
• 5Y*: —
• 10Y*: —

SRHQ

• 1D: -0.14%
• 1M: 1.12%
• YTD: 11.73%
• 6M: 9.90%
• 1Y: 23.31%
• 3Y*: 16.82%
• 5Y*: —
• 10Y*: —

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

TXS vs. SRHQ - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023
TXS Texas Capital Texas Equity Index ETF	11.83%	10.31%	24.29%	5.77%
SRHQ SRH U.S. Quality ETF	11.73%	7.34%	16.49%	8.28%

Correlation

The correlation between TXS and SRHQ is 0.74, 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	0.74
Correlation (All Time) Calculated using the full available price history since Jul 13, 2023	0.81

The correlation between TXS and SRHQ has been stable across timeframes, ranging from 0.74 to 0.81 - a consistent structural relationship.

TXS vs. SRHQ - Sectors Allocation Comparison

Sectors	TXS	SRHQ
Energy	19.1%	1.1%
Consumer Cyclical	17.0%	12.6%
Technology	15.1%	23.5%
Industrials	14.6%	22.3%
Real Estate	12.1%	1.1%
Healthcare	9.0%	20.4%
Financial Services	7.0%	8.9%
Communication Services	2.4%	2.2%
Consumer Defensive	1.7%	5.3%
Utilities	1.7%	1.3%
Basic Materials	0.3%	1.4%

Return for Risk

TXS vs. SRHQ — 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: 42
TXS Sortino Ratio Rank: 41
TXS Omega Ratio Rank: 39
TXS Calmar Ratio Rank: 53
TXS Martin Ratio Rank: 52

SRHQ

SRHQ Risk / Return Rank: 57
SRHQ Sharpe Ratio Rank: 47
SRHQ Sortino Ratio Rank: 48
SRHQ Omega Ratio Rank: 44
SRHQ Calmar Ratio Rank: 75
SRHQ Martin Ratio Rank: 70

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. SRHQ - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Texas Capital Texas Equity Index ETF (TXS) and SRH U.S. Quality ETF (SRHQ). 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	SRHQ	Difference
Sharpe ratio: Return per unit of total volatility	1.43	1.58	-0.16
Sortino ratio: Return per unit of downside risk	2.03	2.28	-0.25
Omega ratio: Gain probability vs. loss probability	1.25	1.27	-0.02
Calmar ratio: Return relative to maximum drawdown	2.56	3.71	-1.16
Martin ratio: Return relative to average drawdown	8.66	12.65	-3.99

TXS vs. SRHQ - Sharpe Ratio Comparison

The current TXS Sharpe Ratio is 1.43, which is comparable to the SRHQ Sharpe Ratio of 1.58. The chart below compares the historical Sharpe Ratios of TXS and SRHQ, 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. SRHQ - Drawdown Comparison

The maximum TXS drawdown since its inception was -19.69%, which is greater than SRHQ's maximum drawdown of -18.50%. Use the drawdown chart below to compare losses from any high point for TXS and SRHQ.

Drawdown Indicators

	TXS	SRHQ	Difference
Max Drawdown Largest peak-to-trough decline	-19.69%	-18.50%	-1.19%
Max Drawdown (1Y) Largest decline over 1 year	-6.54%	-6.31%	-0.23%
Max Drawdown (3Y) Largest decline over 3 years	—	-18.50%	—
Current Drawdown Current decline from peak	-1.46%	-1.97%	+0.51%
Average Drawdown Average peak-to-trough decline	-2.81%	-3.05%	+0.24%
Ulcer Index Depth and duration of drawdowns from previous peaks	1.93%	1.85%	+0.08%

Volatility

TXS vs. SRHQ - Volatility Comparison

The current volatility for Texas Capital Texas Equity Index ETF (TXS) is 3.20%, while SRH U.S. Quality ETF (SRHQ) has a volatility of 3.84%. This indicates that TXS experiences smaller price fluctuations and is considered to be less risky than SRHQ based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	TXS	SRHQ	Difference
Volatility (1M) Calculated over the trailing 1-month period	3.20%	3.84%	-0.64%
Volatility (6M) Calculated over the trailing 6-month period	8.18%	10.79%	-2.61%
Volatility (1Y) Calculated over the trailing 1-year period	11.75%	14.82%	-3.07%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	15.85%	16.00%	-0.15%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	15.85%	16.00%	-0.15%

TXS vs. SRHQ - Expense Ratio Comparison

TXS has a 0.49% expense ratio, which is higher than SRHQ's 0.35% expense ratio.

Dividends

TXS vs. SRHQ - Dividend Comparison

TXS's dividend yield for the trailing twelve months is around 0.75%, more than SRHQ's 0.71% yield.

Position	TTM	2025	2024	2023	2022
SRHQ SRH U.S. Quality ETF	0.71%	0.76%	0.66%	0.84%	0.27%
TXS Texas Capital Texas Equity Index ETF	0.75%	0.82%	0.86%	0.53%	0.00%

Frequently Asked Questions

Can I hold both TXS and SRHQ in my portfolio?

TXS and SRHQ have a correlation of 0.74, 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 SRHQ?

SRHQ has higher volatility (3.84%) compared to TXS (3.20%). In terms of maximum drawdown, TXS dropped -19.69% vs SRHQ's -18.50%.

Which ETF is better, TXS or SRHQ?

On 1-year performance, SRHQ leads with 23.31% vs 16.66% for TXS. On fees, SRHQ is cheaper at 0.35% per year. On volatility, TXS has been the lower-risk option at 3.20%. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF has performed better, TXS or SRHQ?

Over the 1-year period, SRHQ has performed better with a 23.31% return vs 16.66%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, TXS or SRHQ?

SRHQ is cheaper with a 0.35% expense ratio, compared with 0.49% for TXS.

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

TXS has the higher dividend yield at 0.75%, compared with 0.71% for SRHQ.

What is the main difference between TXS and SRHQ?

TXS tracks Texas Capital Texas Equity Index - Benchmark TR Gross, while SRHQ tracks SRH US Quality Index - Benchmark TR Gross. They also come from different issuers: Texas Capital and SRH. Their fees differ too: 0.49% for TXS and 0.35% for SRHQ.

Which has better risk-adjusted returns?

SRHQ currently has the higher Sharpe Ratio (1.58 vs 1.43), 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.