TXS vs. VFQY

Last updated Apr 2, 2026

Compare and contrast key facts about Texas Capital Texas Equity Index ETF (TXS) and Vanguard U.S. Quality Factor ETF (VFQY).

TXS and VFQY 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. VFQY is an actively managed fund by Vanguard. It was launched on Feb 13, 2018.

Performance

TXS vs. VFQY - Performance Comparison

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

TXS vs. VFQY - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023
TXS Texas Capital Texas Equity Index ETF	5.37%	10.31%	24.29%	5.64%
VFQY Vanguard U.S. Quality Factor ETF	-1.89%	10.24%	12.93%	9.33%

Returns By Period

In the year-to-date period, TXS achieves a 5.37% return, which is significantly higher than VFQY's -1.89% return.

TXS

• 1D: -0.22%
• 1M: -4.56%
• YTD: 5.37%
• 6M: 2.06%
• 1Y: 19.36%
• 3Y*: —
• 5Y*: —
• 10Y*: —

VFQY

• 1D: 0.55%
• 1M: -4.66%
• YTD: -1.89%
• 6M: -0.10%
• 1Y: 13.14%
• 3Y*: 12.99%
• 5Y*: 7.20%
• 10Y*: —

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

TXS vs. VFQY - Expense Ratio Comparison

TXS has a 0.49% expense ratio, which is higher than VFQY's 0.13% expense ratio.

TXS

Texas Capital Texas Equity Index ETF

VFQY

Vanguard U.S. Quality Factor ETF

Return for Risk

TXS vs. VFQY — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.

TXS

TXS Risk / Return Rank: 60
TXS Sharpe Ratio Rank: 57
TXS Sortino Ratio Rank: 59
TXS Omega Ratio Rank: 61
TXS Calmar Ratio Rank: 55
TXS Martin Ratio Rank: 67

VFQY

VFQY Risk / Return Rank: 38
VFQY Sharpe Ratio Rank: 34
VFQY Sortino Ratio Rank: 36
VFQY Omega Ratio Rank: 35
VFQY Calmar Ratio Rank: 39
VFQY Martin Ratio Rank: 44

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. VFQY - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Texas Capital Texas Equity Index ETF (TXS) and Vanguard U.S. Quality Factor ETF (VFQY). 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.

	TXS	VFQY	Difference
Sharpe ratio Return per unit of total volatility	1.08	0.68	+0.40
Sortino ratio Return per unit of downside risk	1.58	1.09	+0.49
Omega ratio Gain probability vs. loss probability	1.24	1.15	+0.09
Calmar ratio Return relative to maximum drawdown	1.57	1.06	+0.51
Martin ratio Return relative to average drawdown	7.63	4.37	+3.26
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

TXS vs. VFQY - Sharpe Ratio Comparison

The current TXS Sharpe Ratio is 1.08, which is higher than the VFQY Sharpe Ratio of 0.68. The chart below compares the historical Sharpe Ratios of TXS and VFQY, offering insights into how both investments have performed under varying market conditions. These values are calculated using daily returns over the previous 12 months.

Sharpe Ratios by Period

	TXS	VFQY	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	1.08	0.68	+0.40
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	—	0.39	—
Sharpe Ratio (All Time) Calculated using the full available price history	1.04	0.48	+0.56

Correlation

The correlation between TXS and VFQY is 0.84, 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.

Dividends

TXS vs. VFQY - Dividend Comparison

TXS's dividend yield for the trailing twelve months is around 0.79%, less than VFQY's 1.20% yield.

	TTM	2025	2024	2023	2022	2021	2020	2019	2018
TXS Texas Capital Texas Equity Index ETF	0.79%	0.82%	0.86%	0.53%	0.00%	0.00%	0.00%	0.00%	0.00%
VFQY Vanguard U.S. Quality Factor ETF	1.20%	1.17%	1.34%	1.38%	1.43%	0.98%	1.22%	1.34%	1.31%

Drawdowns

TXS vs. VFQY - Drawdown Comparison

The maximum TXS drawdown since its inception was -19.69%, smaller than the maximum VFQY drawdown of -37.41%. Use the drawdown chart below to compare losses from any high point for TXS and VFQY.

Drawdown Indicators

	TXS	VFQY	Difference
Max Drawdown Largest peak-to-trough decline	-19.69%	-37.41%	+17.72%
Max Drawdown (1Y) Largest decline over 1 year	-12.89%	-12.84%	-0.05%
Max Drawdown (5Y) Largest decline over 5 years	—	-25.93%	—
Current Drawdown Current decline from peak	-4.56%	-6.40%	+1.84%
Average Drawdown Average peak-to-trough decline	-2.95%	-6.80%	+3.85%
Ulcer Index Depth and duration of drawdowns from previous peaks	2.65%	3.12%	-0.47%

Volatility

TXS vs. VFQY - Volatility Comparison

The current volatility for Texas Capital Texas Equity Index ETF (TXS) is 3.80%, while Vanguard U.S. Quality Factor ETF (VFQY) has a volatility of 4.69%. This indicates that TXS experiences smaller price fluctuations and is considered to be less risky than VFQY based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	TXS	VFQY	Difference
Volatility (1M) Calculated over the trailing 1-month period	3.80%	4.69%	-0.89%
Volatility (6M) Calculated over the trailing 6-month period	9.21%	10.36%	-1.15%
Volatility (1Y) Calculated over the trailing 1-year period	18.07%	19.54%	-1.47%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	16.25%	18.39%	-2.14%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	16.25%	21.02%	-4.77%