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USMF vs. TXS
Performance
Return for Risk
Drawdowns
Volatility
Dividends

USMF vs. TXS

Last updated Aug 4, 2026
Documentation

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

Performance

USMF vs. TXS - Performance Comparison

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

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Returns By Period

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

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%

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

Liquidity Comparison

PositionAvg. 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

USMF vs. TXS - Yearly Performance Comparison

2026 (YTD)202520242023
USMF
WisdomTree US Multifactor Fund		4.49%4.60%19.65%8.40%
TXS
Texas Capital Texas Equity Index ETF		17.07%10.31%24.29%5.77%

Correlation

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

USMF vs. TXS - Sectors Allocation Comparison

Sectors
USMF
TXS

Technology

35.6%
12.1%

Financial Services

11.4%
7.5%

Consumer Cyclical

10.4%
17.6%

Communication Services

10.3%
2.1%

Industrials

9.9%
14.1%

Healthcare

9.7%
11.7%

Consumer Defensive

4.5%
2.3%

Energy

2.7%
18.1%

Utilities

2.1%
2.0%

Real Estate

2.0%
12.2%

Basic Materials

1.4%
0.3%

Technology

USMF
35.6%
TXS
12.1%

Financial Services

USMF
11.4%
TXS
7.5%

Consumer Cyclical

USMF
10.4%
TXS
17.6%

Communication Services

USMF
10.3%
TXS
2.1%

Industrials

USMF
9.9%
TXS
14.1%

Healthcare

USMF
9.7%
TXS
11.7%

Consumer Defensive

USMF
4.5%
TXS
2.3%

Energy

USMF
2.7%
TXS
18.1%

Utilities

USMF
2.1%
TXS
2.0%

Real Estate

USMF
2.0%
TXS
12.2%

Basic Materials

USMF
1.4%
TXS
0.3%

Compare stocks, funds, or ETFs

Search for stocks, ETFs, and funds for a quick comparison or use the comparison tool for more options.

WisdomTree US Multifactor Fund

Texas Capital Texas Equity Index ETF

Often compared with USMF:
USMF vs. DYNFUSMF vs. VFMFUSMF vs. SCHMUSMF vs. SFLRUSMF vs. SPMOUSMF vs. SPYUSMF vs. VO
Often compared with TXS:
TXS vs. SPYTXS vs. ^GSPCTXS vs. QQQTXS vs. VOOTXS vs. PWCTXS vs. GDETXS vs. TXN

Return for Risk

USMF vs. TXS — Risk / Return Rank

Compare historical risk-adjusted metric ranks over the past 12 months.
USMF
USMF Risk / Return Rank: 2929
Overall Rank
USMF Sharpe Ratio Rank: 2626
Sharpe Ratio Rank
USMF Sortino Ratio Rank: 2626
Sortino Ratio Rank
USMF Omega Ratio Rank: 2424
Omega Ratio Rank
USMF Calmar Ratio Rank: 3333
Calmar Ratio Rank
USMF Martin Ratio Rank: 3535
Martin Ratio Rank
TXS
TXS Risk / Return Rank: 7979
Overall Rank
TXS Sharpe Ratio Rank: 7777
Sharpe Ratio Rank
TXS Sortino Ratio Rank: 7878
Sortino Ratio Rank
TXS Omega Ratio Rank: 7575
Omega Ratio Rank
TXS Calmar Ratio Rank: 8383
Calmar Ratio Rank
TXS Martin Ratio Rank: 8080
Martin Ratio Rank
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.

USMF vs. TXS - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for WisdomTree US Multifactor Fund (USMF) and Texas Capital Texas Equity Index ETF (TXS). 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.

USMFTXSDifference
Sharpe ratioReturn per unit of total volatility
0.62
1.90

-1.28

Sortino ratioReturn per unit of downside risk
0.96
2.70

-1.74

Omega ratioGain probability vs. loss probability

1.11

1.34

-0.22

Calmar ratioReturn relative to maximum drawdown

1.12

3.33

-2.21

Martin ratioReturn relative to average drawdown

3.41

11.42

-8.01

USMF vs. TXS - Sharpe Ratio Comparison

The current USMF Sharpe Ratio is 0.62, which is lower than the TXS Sharpe Ratio of 1.90. The chart below compares the historical Sharpe Ratios of USMF and TXS, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

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Drawdowns

USMF vs. TXS - Drawdown Comparison

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

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Drawdown Indicators

USMFTXSDifference

Max Drawdown

Largest peak-to-trough decline

-36.24%

-19.69%

-16.55%

Max Drawdown (1Y)

Largest decline over 1 year

-6.47%

-6.54%

+0.07%

Max Drawdown (3Y)

Largest decline over 3 years

-15.39%

-19.69%

+4.30%

Max Drawdown (5Y)

Largest decline over 5 years

-18.10%

—

—

Current Drawdown

Current decline from peak

-2.03%

0.00%

-2.03%

Average Drawdown

Average peak-to-trough decline

-4.12%

-2.72%

-1.40%

Ulcer Index

Depth and duration of drawdowns from previous peaks

2.12%

1.90%

+0.22%

Volatility

USMF vs. TXS - Volatility Comparison

WisdomTree US Multifactor Fund (USMF) has a higher volatility of 3.77% compared to Texas Capital Texas Equity Index ETF (TXS) at 2.69%. This indicates that USMF's price experiences larger fluctuations and is considered to be riskier than TXS based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

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Volatility by Period

USMFTXSDifference

Volatility (1M)

Calculated over the trailing 1-month period

3.77%

2.69%

+1.08%

Volatility (6M)

Calculated over the trailing 6-month period

9.26%

7.83%

+1.43%

Volatility (1Y)

Calculated over the trailing 1-year period

11.68%

11.49%

+0.19%

Volatility (5Y)

Calculated over the trailing 5-year period, annualized

14.40%

15.63%

-1.23%

Volatility (10Y)

Calculated over the trailing 10-year period, annualized

16.95%

15.63%

+1.32%

USMF vs. TXS - Expense Ratio Comparison

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

Dividends

USMF vs. TXS - Dividend Comparison

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

PositionTTM202520242023202220212020201920182017
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

USMF and TXS 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.

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

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.

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.

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

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

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

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.

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