TXS
Texas Capital Texas Equity Index ETF
TXS seeks to track a tier-weighted-equity index comprised of companies headquartered in Texas. The fund invests in various industries, sectors, and sizes. Components are selected by market-cap.
US
EQUITY
Rules-Based
MANAGEMENT STYLE
$ 33.6 M
ASSETS UNDER MGMT
49 bp
EXPENSES
Fund Basics
| Inception date | Jul 12, 2023 |
| Regulation | Open-Ended Fund |
| Fund Website | link... |
| Distributions | Annually |
| Currency | USD |
| Holdings Transparency | Full |
| Derivatives-based | No |
| Options available | No |
| Currency hedged | No |
| Fund of funds | No |
Top 10 Holdings
| TESLA MOTORS INC | 5.5 % |
| MCKESSON CORP | 5.3 % |
| CROWDSTRIKE HOLDINGS, INC. CLASS A | 5.0 % |
| SCHWAB (CHARLES) CORP | 4.8 % |
| TENET HEALTHCARE CORP | 4.3 % |
| DIGITAL REALTY TRUST INC | 4.1 % |
| WASTE MANAGEMENT INC | 3.9 % |
| CBRE GROUP, INC. CLASS A | 3.6 % |
| CROWN CASTLE INTL CORP | 3.0 % |
| GAMESTOP CORP-CLASS A | 2.4 % |
Constituent Breakdown
| Number of holdings | 218 |
| Herfindahl-Hirschman Index | 242 |
| Wgt avg mkt cap (mns) | $153,639 |
| Large cap (>$10bn) | 75.3% |
| Mid cap ($2-10bn) | 15.5% |
| Small cap (<$2bn) | 5.3% |
| Developed mkts. | 97.1% |
| Emerging mkts. | 0.0% |
Sector Breakdown
Country Exposure
 |
UNITED STATES | 96.8 % |
Historical Performance
Standardized Performance (as of 03/31/2026)
| YTD | 1 YR | 2 YR | 3 YR | 5 YR | 10 YR | 20 YR | Incep. | |
|---|---|---|---|---|---|---|---|---|
| Price Returns | 5.4% | 19.5% | 15.0% | -- | -- | -- | -- | 15.8% |
| Dividend Yield | 0.0% | 0.8% | 0.9% | -- | -- | -- | -- | 1.0% |
| Total Returns | 5.4% | 20.3% | 15.8% | -- | -- | -- | -- | 16.8% | Ann. Volatility | 13.3% | 18.1% | 17.2% | -- | -- | -- | -- | 16.3% |
Market Correlations
| versus... | Beta | R-squared |
| S&P 500 | 0.86 | 81% |
| MSCI EAFE | 0.76 | 56% |
| MSCI Emg Mkts | 0.60 | 44% |
Liquidity Measures
| Avg. volume (000) | 3 |
| ADV traded (mns) | $0 |
| Turnover | 0.4% |
| Avg. Bid/Ask (% of price) | 0.23% |
Technical Indicators
| 30d moving avg. (EMA) | $38.32 |
| Relative strength (RSI) | 57 |
| MACD/Signal | 0.29/0.17 |
| Bollinger Bands (Upper/Lower) | $39.49/$36.83 |
| Short interest (% of AUM) | 0.0% |
Distributions
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Comparable ETFs Based on Overlap
| Ticker | Fund Name | Overlap vs. TXS |
Expenses vs. TXS |
ALTAR Score™ vs. TXS |
|---|---|---|---|---|
| TEXN | iShares Texas Equity ETF | 49.9% | -29 bp | -0.1% |
| LVDS | JPMorgan Fundamental Data Science Large Value ETF | 20.7% | 0 bp | -0.1% |
| VDE | Vanguard Energy ETF | 17.5% | -40 bp | +1.3% |
| FENY | Fidelity MSCI Energy Index ETF | 17.2% | -41 bp | +1.3% |
| IYE | iShares U.S. Energy ETF | 16.1% | -9 bp | +1.2% |
| YALL | God Bless America ETF | 15.8% | +16 bp | -0.7% |
| IGE | iShares North American Natural Resources ETF | 15.6% | -8 bp | +0.2% |
| FXN | First Trust Energy AlphaDEX Fund | 15.4% | +13 bp | +4.3% |
| GXPE | Global X PureCap MSCI Energy ETF | 15.4% | -24 bp | +1.1% |
| FTXN | First Trust Nasdaq Oil & Gas ETF | 15.2% | +11 bp | +2.9% |
Risk and Returns: TXS vs. Comps (1 YR)
Notes: Top 10 overlapping ETFs. Funds with insufficient history not shown. Some funds may overlap. Hover over data point for ticker symbol.
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Results & Estimates (USD)
| 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 | 2027 | ||
|---|---|---|---|---|---|---|---|---|---|
| Sales per share | -- | -- | -- | -- | -- | -- | -- | ||
| change (%) | -- | -- | -- | -- | -- | -- | -- | ||
| Earnings per share | -- | -- | -- | -- | -- | -- | -- | ||
| change (%) | -- | -- | -- | -- | -- | -- | -- | ||
| Dividends per share | -- | -- | -- | -- | -- | -- | -- | ||
| change (%) | -- | -- | -- | -- | -- | -- | -- | ||
| Book value per share | -- | -- | -- | -- | -- | -- | -- | ||
| change (%) | -- | -- | -- | -- | -- | -- | -- |
Return on Equity
Net Margins
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Valuation Metrics
| Fwd Est | 2025 | 2026 | 2027 | |
| Price-to-sales | --x | --x | --x | --x |
| Price-to-earnings | --x | --x | --x | --x |
| Price-to-cash flow | --x | --x | --x | --x |
| Price-to-growth | --x | --x | --x | --x |
| Price-to-book value | --x | --x | --x | --x |
| Yield | --% | --% | --x | --% |
Based on closing prices from 4/29/2026
Peer Group Comparison Sample data. Subscribe for access.
Price-to-Earnings
Price-to-Sales
Price-to-Book Value
Price-to-Cash Flow
Price-to-Growth
Dividend Yield
Historical Valuation Trends Sample data. Subscribe for access.
SHOWING:
Price-to-Earnings
Price-to-Earnings
Notes: Based on adjusted historical results for current fund constituents. May differ from results achieved by past fund constituents. Max P/E of 100x.
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ETF Research Center Rating
5.7%
ALTAR SCORE™
55th
PERCENTILE
NEUTRAL
ETFRC RATING
There are 1,201 funds in the US Equity category with an average
ALTAR Score™ of 5.5% and a standard deviation
of 2.1%. TXS's ALTAR Score™ is approximately 0.1 standard
deviations above the category average. This places TXS in the 55th percentile
among funds in the category.
Sell-Side Consensus
$43.92
PRICE TARGET
+13.1%
UPSIDE