TXS ETF — Holdings & Analysis
The Texas Capital Texas Equity Index ETF (TXS) is an equity ETF with $0.03 billion in assets under management and an expense ratio of 0.49%. TXS aims to capture the performance of companies that significantly contribute to the Texas economy.
TXS differentiates itself by focusing on companies with strong ties to Texas, potentially offering exposure to the state's unique economic advantages, as perceived by the fund advisor, such as regulatory benefits and a skilled workforce.
Texas Capital Texas Equity Index ETF (TXS) ETF — Price, Holdings & Analysis
ETF Overview
Risk Metrics
Expense Ratio
What does TXS hold?
How Is the Fund Allocated?
| Sector | Weight |
|---|---|
| Energy | 21.8% |
| Consumer Cyclical | 17.5% |
| Industrials | 14.6% |
| Healthcare | 12.7% |
| Real Estate | 12.6% |
| Technology | 7.7% |
| Financial Services | 6.6% |
| Consumer Defensive | 2.4% |
| Communication Services | 2.0% |
| Utilities | 1.8% |
| Basic Materials | 0.4% |
| Country | Weight |
|---|---|
| United States | 99.7% |
| Other | 0.3% |
Dividend Yield
- Invesco QQQ Trust, Series 1 (QQQ) — 0.18% expense ratio
- State Street Technology Select Sector SPDR ETF (XLK) — 0.08% expense ratio
- State Street Energy Select Sector SPDR ETF (XLE) — 0.08% expense ratio
- State Street SPDR Dow Jones Industrial Average ETF Trust (DIA) — 0.16% expense ratio
- iShares Russell 2000 ETF (IWM) — 0.19% expense ratio
- State Street Financial Select Sector SPDR ETF (XLF) — 0.08% expense ratio
- iShares MSCI Emerging Markets ETF (EEM) — 0.72% expense ratio
- State Street SPDR S&P 500 ETF (SPY) — 0.09% expense ratio
Risk Metrics
- Beta: 0.00
Questions & Answers
What is TXS and what does it track?
TXS, the Texas Capital Texas Equity Index ETF, is designed to track the performance of companies that significantly contribute to the economy of Texas.
The fund selects companies that meet certain size and liquidity requirements and weights them based on their sector's contribution to the state's GDP.
What is the expense ratio for TXS?
The expense ratio for TXS is 0.49%. This means that for every $10,000 invested in the fund, $49 is deducted annually to cover operating expenses.
While not exceptionally high, the 0.49% expense ratio is higher than some broad market equity ETFs, which can have expense ratios below 0.10%.
What are the top holdings in TXS?
The top holdings in TXS provide insight into the fund's investment focus. As of 2026-03-15, the top three holdings are McKesson Corp (5.87%), Tenet Healthcare Corp (4.75%), and Tesla Inc (4.54%).
Digital Realty Trust Inc (4.27%) and Charles Schwab Corp (4.20%) also represent significant portions of the fund's portfolio. These holdings reflect the fund's exposure to various sectors within the Texas economy, including healthcare, technology, and real estate.
Is TXS a good long-term investment?
Evaluating whether TXS is a good long-term investment requires careful consideration of its investment strategy, risk profile, and expense ratio. The fund's focus on the Texas economy could provide potential benefits if the state experiences strong economic growth.
However, it also introduces geographic concentration risk. The expense ratio of 0.49% will impact long-term returns.
How does TXS compare to similar ETFs?
TXS differentiates itself through its focus on companies contributing to the Texas economy. While many broad market equity ETFs exist, TXS offers a more targeted approach.
Its expense ratio of 0.49% is higher than some broad market ETFs but may be justified if the fund's strategy delivers superior returns.
Does TXS pay dividends?
As of 2026-03-15, TXS has a dividend yield of 0.00%. This indicates that the fund is not currently distributing any dividends to its shareholders. Investors seeking income-generating investments may want to consider other ETFs with higher dividend yields.
However, the lack of dividends does not necessarily detract from the fund's potential for capital appreciation.