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ETFs

Texas Capital Texas Equity Index ETF

TXS
$--
Today’s Change
-- (--)

Snapshot
*

Inception Date
Jul 12 2023
Expense Ratio
0.49%
Type
US Equities
Fund Owner
Texas Capital
Volume (1m avg. daily)
$158,309
AUM
$13,045,120
Associated Index
Texas Capital Texas Equity Index
Inverse/Leveraged
No
Passive/Active
Passive
Fractionable on Composer
No
Prospectus
View

Top 10 Holdings

TSLA
Tesla Inc
5.30%
MCK
Mckesson Corporation
4.24%
WM
Waste Management, Inc.
3.75%
SCHW
Charles Schwab Corp.
3.67%
XOM
Exxon Mobil Corp.
3.47%
CCI
Crown Castle Inc
3.39%
DLR
Digital Realty Trust Inc
3.05%
CRWD
Crowdstrike Holdings Inc - Ordinary Shares - Class A
2.97%
LNG
Cheniere Energy Inc.
2.79%
THC
Tenet Healthcare Corp.
2.69%
Invest with TXS

What is TXS?

The Texas Capital Texas Equity Index ETF seeks to provide investment results that, before fees and expenses, correspond generally to the total return performance of the Texas Capital Texas Equity Index. The Texas Capital Texas Equity Index is comprised of publicly listed companies headquartered in the state of Texas. The index is designed to reflect the performance of a diversified group of companies representative of the Texas economy.

ETFs related toTXS

ETFs correlated to TXS include EQAL, AVGE, EUSA

TXS
Texas Capital Funds Trust - Texas Capital Texas Equity Index ETF
EQAL
Invesco Capital Management LLC - Invesco Russell 1000 Equal Weight ETF
AVGE
American Century ETF Trust - Avantis All Equity Markets ETF
EUSA
BlackRock Institutional Trust Company N.A. - iShares MSCI USA Equal Weighted ETF
FEX
First Trust Exchange-Traded Fund III - First Trust Large Cap Core AlphaDEX Fund
IWS
BlackRock Institutional Trust Company N.A. - iShares Russell Mid-Cap Value ETF
TILT
FlexShares Trust - FlexShares Morningstar US Market Factors Tilt Index Fund
VFQY
Vanguard Group, Inc. - Vanguard U.S. Quality Factor ETF
VO
Vanguard Group, Inc. - Vanguard Mid-Cap ETF
XAUG
First Trust Exchange-Traded Fund VIII - FT Cboe Vest U.S. Equity Enhance & Moderate Buffer ETF - August
IWR
BlackRock Institutional Trust Company N.A. - iShares Russell Mid-Cap ETF

What is ETF correlation?

Correlation is a measure of the strength of the relationship between two ETFs. It quantifies the degree to which prices of the two ETFs typically move together.

Here, correlation is measured over the past year with the Pearson correlation coefficient (Pearon’s r), which ranges from -1 to 1.

Using ETF correlations in portfolio and strategy construction

ETF correlations can help you create investing strategies and portfolios. Use them to:

  • •Build a diversified portfolio from uncorrelated or inversely correlated ETFs with the aim of minimizing portfolio risk.
  • •Compare correlated or related ETFs to find one with a lower expense ratio or higher trading volume.
  • •Create an investing strategy that hedges an ETF with an uncorrelated or inversely correlated ETF.

Automated Strategies
Related toTXS

#BTD

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Category

Featured, Technology Focus

Risk Rating

Aggressive

#DSS

Diversify with Sin Stocks

Category

Grow Your Portfolio, Diversification

Risk Rating

Aggressive

Create your own algorithmic trading strategy with TXS using Composer

FAQ

TXS is a US Equities ETF. The Texas Capital Texas Equity Index ETF seeks to provide investment results that, before fees and expenses, correspond generally to the total return performance of the Texas Capital Texas Equity Index. The Texas Capital Texas Equity Index is comprised of publicly listed companies headquartered in the state of Texas. The index is designed to reflect the performance of a diversified group of companies representative of the Texas economy.

TXS tracks the Texas Capital Texas Equity Index.

No, TXS is not actively managed. It is passively managed. In an actively managed fund, the fund manager makes decisions about how funds are invested. A passively managed fund typically tries to track or follow a market index.

Yes, TXS is passively managed. A passively managed fund typically tries to track or follow a market index. In an actively managed fund, the fund manager makes decisions about how funds are invested.

The 1-month return on TXS is -0.0053%. This is the percent change in the value of TXS over the most recent 1-month period. The 3-month return on TXS is %. This is the percent change in the value of TXS over the most recent 3-month period.

ETFs similar to TXS include IVV, MDY, and IJR.

ETFs correlated to TXS include EQAL, AVGE, and EUSA.

ETFs that are inversely correlated to TXS include RWM, SRTY, and TZA.

Disclaimers

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We show information directly obtained from our data provider, Xignite. Data shown here is provided by Xignite, an unaffiliated third party. Composer believes the information shown here is reliable, but has not been verified and there is no guarantee that the information is accurate.

**

We show information based on calculations performed by Composer using data from our provider. Information provided here is based on calculations performed by Composer using data sourced from Xignite, an unaffiliated third party. Composer believes this information is reliable, but has not verified the data and there is no guarantee that the calculations are accurate.