Texas Capital Texas Equity Index ETF Fund Overview

The Texas Capital Texas Equity Index ETF is a fund that tracks the performance of the Texas Capital Index, which is designed to represent the performance of the equity market in Texas.

This fund is designed to provide investors with a way to gain exposure to the Texas economy and its growing industries.

The fund is passively managed, meaning it doesn't try to beat the market, but rather follows the index it tracks.

It's a great option for investors looking for a low-cost way to invest in the Texas market.

Additional reading: Fund Property

The Texas Capital Texas Equity Index ETF has delivered impressive performance returns. The YTD return is 1.62%, indicating a steady growth over the past year.

The ETF's volatility is relatively low, with a 1.14% volatility rate, which suggests that the investment has been relatively stable. However, it's essential to note that past performance does not guarantee future results.

The investment return and principal value of an investment will fluctuate, so an investor's shares may be worth more or less than their original cost. Current performance may be lower or higher than the performance data quoted.

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Here's a breakdown of the ETF's performance over various periods:

The Syntax US SmallCap 2000 Index, which the ETF tracks, measures the float-adjusted market capitalization-weighted performance of the 201st- through 1000th-largest and sufficiently liquid publicly traded entities in the United States.

The Texas Capital Texas Equity Index ETF is an investment fund that offers a unique opportunity to invest in the Texas economy. Its legal name is Texas Capital Texas Equity Index ETF, and it's domiciled in the US.

The fund's currency is USD, which means its financials are denominated in US Dollars. Trades of the listed shares are also denominated in USD.

Here are some key details about the fund:

When evaluating the Texas Capital Texas Equity Index ETF, it's essential to consider the sell-side recommendations on its individual constituents. The expense ratio for TXS, one of the ETF's constituents, is 49.0 basis points.

The average bid/ask spread for TXS is 18.8 basis points, which is a significant factor in the total cost of ownership. This spread can eat into your returns over time.

A key benchmark for evaluating the ETF's constituents is the peer average. The expense ratio for the peer average is 37.9 basis points, which is lower than TXS. This suggests that the peer average may be a more cost-effective option.

The total cost of ownership (TCO) for TXS is 67.8 basis points, which is the sum of the expense ratio and the average bid/ask spread. This is higher than the peer average TCO of 52.3 basis points.

Here's a comparison of the expense ratios and TCO for TXS and the peer average:

This comparison highlights the importance of considering the individual constituents of an ETF when making investment decisions. By evaluating the expense ratios and TCO for each constituent, you can make a more informed decision about whether the Texas Capital Texas Equity Index ETF is right for you.