TXS vs. USMF

Last updated Aug 4, 2026

TXS (Texas Capital Texas Equity Index ETF) and USMF (WisdomTree US Multifactor Fund) are both Mid Cap Blend Equities funds - TXS tracks the Texas Capital Texas Equity Index - Benchmark TR Gross while USMF tracks the WisdomTree US Multifactor Index. Both are passively managed. Over the past 3 years, TXS returned 19.48%/yr vs 12.30%/yr for USMF. Their 0.76 correlation means they have sometimes moved together and sometimes differently. TXS charges 0.49%/yr vs 0.28%/yr for USMF.

Performance

TXS vs. USMF - Performance Comparison

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

Returns By Period

In the year-to-date period, TXS achieves a 17.07% return, which is significantly higher than USMF's 4.49% return.

TXS

• 1D: 0.71%
• 1M: 3.19%
• 6M: 11.43%
• YTD: 17.07%
• 1Y: 21.67%
• 3Y*: 19.48%
• 5Y*: —
• 10Y*: —
• ALL TIME*: 18.90%

USMF

• 1D: 0.48%
• 1M: 0.58%
• 6M: 3.78%
• YTD: 4.49%
• 1Y: 7.20%
• 3Y*: 12.30%
• 5Y*: 7.47%
• 10Y*: —
• ALL TIME*: 10.37%

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

Liquidity Comparison

Position	Avg. Volume Value (2W)	Avg. Volume Value (1M)	Avg. Volume Value (3M)
TXS Texas Capital Texas Equity Index ETF	$149.70K	$174.94K	$126.67K
USMF WisdomTree US Multifactor Fund	$1.09M	$1.05M	$1.76M

TXS vs. USMF - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023
TXS Texas Capital Texas Equity Index ETF	17.07%	10.31%	24.29%	5.77%
USMF WisdomTree US Multifactor Fund	4.49%	4.60%	19.65%	8.40%

Correlation

The correlation between TXS and USMF is 0.68, 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.	0.68
Correlation (3Y) Balances recent behavior with more history.	0.77
Correlation (All Time) Calculated using the full available price history since Jul 13, 2023	0.76

The correlation between TXS and USMF has been stable across timeframes, ranging from 0.68 to 0.77 - a consistent structural relationship.

TXS vs. USMF - Sectors Allocation Comparison

Sectors	TXS	USMF
Energy	18.1%	2.7%
Consumer Cyclical	17.6%	10.4%
Industrials	14.1%	9.9%
Real Estate	12.2%	2.0%
Technology	12.1%	35.6%
Healthcare	11.7%	9.7%
Financial Services	7.5%	11.4%
Consumer Defensive	2.3%	4.5%
Communication Services	2.1%	10.3%
Utilities	2.0%	2.1%
Basic Materials	0.3%	1.4%

Return for Risk

TXS vs. USMF — Risk / Return Rank

Compare historical risk-adjusted metric ranks over the past 12 months.

TXS

TXS Risk / Return Rank: 79
TXS Sharpe Ratio Rank: 77
TXS Sortino Ratio Rank: 78
TXS Omega Ratio Rank: 75
TXS Calmar Ratio Rank: 83
TXS Martin Ratio Rank: 80

USMF

USMF Risk / Return Rank: 29
USMF Sharpe Ratio Rank: 26
USMF Sortino Ratio Rank: 26
USMF Omega Ratio Rank: 24
USMF Calmar Ratio Rank: 33
USMF Martin Ratio Rank: 35

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. USMF - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Texas Capital Texas Equity Index ETF (TXS) and WisdomTree US Multifactor Fund (USMF). 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	USMF	Difference
Sharpe ratio: Return per unit of total volatility	1.90	0.62	+1.28
Sortino ratio: Return per unit of downside risk	2.70	0.96	+1.74
Omega ratio: Gain probability vs. loss probability	1.34	1.11	+0.22
Calmar ratio: Return relative to maximum drawdown	3.33	1.12	+2.21
Martin ratio: Return relative to average drawdown	11.42	3.41	+8.01

TXS vs. USMF - Sharpe Ratio Comparison

The current TXS Sharpe Ratio is 1.90, which is higher than the USMF Sharpe Ratio of 0.62. The chart below compares the historical Sharpe Ratios of TXS and USMF, 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. USMF - Drawdown Comparison

The maximum TXS drawdown since its inception was -19.69%, smaller than the maximum USMF drawdown of -36.24%. Use the drawdown chart below to compare losses from any high point for TXS and USMF.

Drawdown Indicators

	TXS	USMF	Difference
Max Drawdown Largest peak-to-trough decline	-19.69%	-36.24%	+16.55%
Max Drawdown (1Y) Largest decline over 1 year	-6.54%	-6.47%	-0.07%
Max Drawdown (3Y) Largest decline over 3 years	-19.69%	-15.39%	-4.30%
Max Drawdown (5Y) Largest decline over 5 years	—	-18.10%	—
Current Drawdown Current decline from peak	0.00%	-2.03%	+2.03%
Average Drawdown Average peak-to-trough decline	-2.72%	-4.12%	+1.40%
Ulcer Index Depth and duration of drawdowns from previous peaks	1.90%	2.12%	-0.22%

Volatility

TXS vs. USMF - Volatility Comparison

The current volatility for Texas Capital Texas Equity Index ETF (TXS) is 2.69%, while WisdomTree US Multifactor Fund (USMF) has a volatility of 3.77%. This indicates that TXS experiences smaller price fluctuations and is considered to be less risky than USMF based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	TXS	USMF	Difference
Volatility (1M) Calculated over the trailing 1-month period	2.69%	3.77%	-1.08%
Volatility (6M) Calculated over the trailing 6-month period	7.83%	9.26%	-1.43%
Volatility (1Y) Calculated over the trailing 1-year period	11.49%	11.68%	-0.19%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	15.63%	14.40%	+1.23%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	15.63%	16.95%	-1.32%

TXS vs. USMF - Expense Ratio Comparison

TXS has a 0.49% expense ratio, which is higher than USMF's 0.28% expense ratio.

Dividends

TXS vs. USMF - Dividend Comparison

TXS's dividend yield for the trailing twelve months is around 0.77%, less than USMF's 1.31% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017
TXS Texas Capital Texas Equity Index ETF	0.77%	0.82%	0.86%	0.53%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
USMF WisdomTree US Multifactor Fund	1.31%	1.37%	1.22%	1.33%	1.74%	1.42%	1.34%	1.38%	1.45%	0.67%

Frequently Asked Questions

Can I hold both TXS and USMF in my portfolio?

TXS and USMF have a correlation of 0.68, 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 USMF?

USMF has higher volatility (3.77%) compared to TXS (2.69%). In terms of maximum drawdown, TXS dropped -19.69% vs USMF's -36.24%.

Which ETF is better, TXS or USMF?

On 3-year performance, TXS leads with 19.48% vs 12.30% for USMF. On fees, USMF is cheaper at 0.28% per year. On volatility, TXS has been the lower-risk option at 2.69%. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF has performed better, TXS or USMF?

Over the 3-year period, TXS has performed better with a 19.48% return vs 12.30%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, TXS or USMF?

USMF is cheaper with a 0.28% expense ratio, compared with 0.49% for TXS.

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

USMF has the higher dividend yield at 1.31%, compared with 0.77% for TXS.

What is the main difference between TXS and USMF?

TXS tracks Texas Capital Texas Equity Index - Benchmark TR Gross, while USMF tracks WisdomTree US Multifactor Index. They also come from different issuers: Texas Capital and WisdomTree. Their fees differ too: 0.49% for TXS and 0.28% for USMF.

Which has better risk-adjusted returns?

TXS currently has the higher Sharpe Ratio (1.90 vs 0.62), 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.