TXS vs. TXN
TXS (Texas Capital Texas Equity Index ETF) is Mid Cap Blend Equities fund tracking the Texas Capital Texas Equity Index - Benchmark TR Gross, while TXN (Texas Instruments Incorporated) is a stock. Over the past year, TXS returned 15.65% vs 55.37% for TXN. A 0.53 correlation means they provide meaningful diversification when combined.
Performance
TXS vs. TXN - Performance Comparison
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Returns By Period
In the year-to-date period, TXS achieves a 11.66% return, which is significantly lower than TXN's 77.48% return.
TXS
- 1D
- -0.15%
- 1M
- -0.75%
- YTD
- 11.66%
- 6M
- 10.21%
- 1Y
- 15.65%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
TXN
- 1D
- -8.40%
- 1M
- -1.57%
- YTD
- 77.48%
- 6M
- 73.88%
- 1Y
- 55.37%
- 3Y*
- 25.60%
- 5Y*
- 13.22%
- 10Y*
- 20.79%
TXS vs. TXN - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | |
|---|---|---|---|---|
TXS Texas Capital Texas Equity Index ETF | 11.66% | 10.31% | 24.29% | 5.77% |
TXN Texas Instruments Incorporated | 77.48% | -4.47% | 13.14% | -5.01% |
Correlation
The correlation between TXS and TXN is 0.43, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.43 |
Correlation (All Time) Calculated using the full available price history since Jul 13, 2023 | 0.53 |
The correlation between TXS and TXN has been stable across timeframes, ranging from 0.43 to 0.53 - a consistent structural relationship.
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Return for Risk
TXS vs. TXN — Risk / Return Rank
TXS
TXN
TXS vs. TXN - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Texas Capital Texas Equity Index ETF (TXS) and Texas Instruments Incorporated (TXN). 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 | TXN | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.01 | ||
| Sortino ratioReturn per unit of downside risk | -0.16 | ||
| Omega ratioGain probability vs. loss probability | 1.24 | 1.29 | -0.05 |
| Calmar ratioReturn relative to maximum drawdown | 2.40 | 1.88 | +0.52 |
| Martin ratioReturn relative to average drawdown | 8.12 | 3.91 | +4.21 |
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Drawdowns
TXS vs. TXN - Drawdown Comparison
The maximum TXS drawdown since its inception was -19.69%, smaller than the maximum TXN drawdown of -85.81%. Use the drawdown chart below to compare losses from any high point for TXS and TXN.
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Drawdown Indicators
| TXS | TXN | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -19.69% | -85.81% | +66.12% |
Max Drawdown (1Y)Largest decline over 1 year | -6.54% | -29.57% | +23.03% |
Max Drawdown (3Y)Largest decline over 3 years | — | -33.41% | — |
Max Drawdown (5Y)Largest decline over 5 years | — | -33.41% | — |
Max Drawdown (10Y)Largest decline over 10 years | — | -33.41% | — |
Current DrawdownCurrent decline from peak | -1.61% | -8.40% | +6.79% |
Average DrawdownAverage peak-to-trough decline | -2.81% | -34.77% | +31.96% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.93% | 14.19% | -12.26% |
Volatility
TXS vs. TXN - Volatility Comparison
The current volatility for Texas Capital Texas Equity Index ETF (TXS) is 3.20%, while Texas Instruments Incorporated (TXN) has a volatility of 18.81%. This indicates that TXS experiences smaller price fluctuations and is considered to be less risky than TXN based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| TXS | TXN | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 3.20% | 18.81% | -15.61% |
Volatility (6M)Calculated over the trailing 6-month period | 8.18% | 33.67% | -25.49% |
Volatility (1Y)Calculated over the trailing 1-year period | 11.73% | 41.84% | -30.11% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 15.84% | 32.88% | -17.04% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 15.84% | 31.39% | -15.55% |
Dividends
TXS vs. TXN - Dividend Comparison
TXS's dividend yield for the trailing twelve months is around 0.75%, less than TXN's 1.85% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
TXN Texas Instruments Incorporated | 1.85% | 3.17% | 2.81% | 2.94% | 2.84% | 2.23% | 2.27% | 2.50% | 2.78% | 2.03% | 2.25% | 2.55% |
TXS Texas Capital Texas Equity Index ETF | 0.75% | 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 TXN have a correlation of 0.43, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
TXN has higher volatility (18.81%) compared to TXS (3.20%). In terms of maximum drawdown, TXS dropped -19.69% vs TXN's -85.81%.
TXS currently has the higher Sharpe Ratio (1.34 vs 1.33), 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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