TXS vs. ^GSPC
Compare and contrast key facts about Texas Capital Texas Equity Index ETF (TXS) and S&P 500 (^GSPC).
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.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: TXS or ^GSPC.
Correlation
The correlation between TXS and ^GSPC is 0.77, 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.
Performance
TXS vs. ^GSPC - Performance Comparison
Key characteristics
TXS:
1.99
^GSPC:
1.83
TXS:
2.74
^GSPC:
2.47
TXS:
1.35
^GSPC:
1.33
TXS:
3.92
^GSPC:
2.76
TXS:
10.38
^GSPC:
11.27
TXS:
2.85%
^GSPC:
2.08%
TXS:
14.82%
^GSPC:
12.79%
TXS:
-10.66%
^GSPC:
-56.78%
TXS:
-4.27%
^GSPC:
-0.07%
Returns By Period
In the year-to-date period, TXS achieves a 2.71% return, which is significantly lower than ^GSPC's 3.96% return.
TXS
2.71%
-0.41%
12.33%
25.71%
N/A
N/A
^GSPC
3.96%
2.77%
10.09%
21.57%
12.62%
11.30%
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Risk-Adjusted Performance
TXS vs. ^GSPC — Risk-Adjusted Performance Rank
TXS
^GSPC
TXS vs. ^GSPC - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for Texas Capital Texas Equity Index ETF (TXS) and S&P 500 (^GSPC). 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.
Drawdowns
TXS vs. ^GSPC - Drawdown Comparison
The maximum TXS drawdown since its inception was -10.66%, smaller than the maximum ^GSPC drawdown of -56.78%. Use the drawdown chart below to compare losses from any high point for TXS and ^GSPC. For additional features, visit the drawdowns tool.
Volatility
TXS vs. ^GSPC - Volatility Comparison
Texas Capital Texas Equity Index ETF (TXS) has a higher volatility of 4.49% compared to S&P 500 (^GSPC) at 3.21%. This indicates that TXS's price experiences larger fluctuations and is considered to be riskier than ^GSPC based on this measure. The chart below showcases a comparison of their rolling one-month volatility.