ZHDG vs TXS

Comparison between ZEGA BUY AND HEDGE ETF (ZHDG, ETF) and Texas Capital Texas Equity Index ETF (TXS, ETF).

ZHDG vs TXS - Performance Comparison

Log

Key Characteristics

Financial metrics and valuation ratios

Metric	ZHDG(ETF)	TXS(ETF)
Net Assets	$35M	$36M
Expense Ratio	0.97%	0.49%
Max Drawdown	25.92%	19.92%
Sharpe Ratio	0.59	1.05
5Y Beta	0.61	0.85
P/E Ratio	N/A	28.20
Forward P/E	N/A	19.23
5Y EPS CAGR	N/A	23.52%
P/S Ratio	N/A	1.28
P/B Ratio	N/A	3.80

Net Assets

ZHDG

$35M

Winner

TXS

$36M

Expense Ratio

ZHDG

0.97%

Winner

TXS

0.49%

Max Drawdown

ZHDG

25.92%

Winner

TXS

19.92%

Sharpe Ratio

ZHDG

0.59

Winner

TXS

1.05

5Y Beta

Winner

ZHDG

0.61

TXS

0.85

P/E Ratio

ZHDG

N/A

TXS

28.20

Forward P/E

ZHDG

N/A

TXS

19.23

5Y EPS CAGR

ZHDG

N/A

TXS

23.52%

P/S Ratio

ZHDG

N/A

TXS

1.28

P/B Ratio

ZHDG

N/A

TXS

3.80

ZHDG vs TXS - Holdings Comparison

ZHDG and TXS have 0 common holdings. Overlap is 0.00%

ZHDG's top 25 holdings weight is 1.23%. TXS's top 25 holdings weight is 66.94%.

Rank	ZHDG	TXS
#1	FIRST AMERICAN GOVERNMENT OBLIGS X (FGXXX) - 1.23%	CROWDSTRIKE HOLDINGS INC CLASS A (CRWD) - 7.78%
#2	N/A	CHARLES SCHWAB CORP (SCHW) - 4.87%
#3	N/A	MCKESSON CORP (MCK) - 4.82%
#4	N/A	TESLA INC (TSLA) - 4.49%
#5	N/A	DIGITAL REALTY TRUST INC (DLR) - 4.09%
#6	N/A	TENET HEALTHCARE CORP (THC) - 4.02%
#7	N/A	WASTE MANAGEMENT INC (WM) - 3.60%
#8	N/A	GAMESTOP CORP CLASS A (GME) - 2.74%
#9	N/A	CHENIERE ENERGY INC (LNG) - 2.63%
#10	N/A	CBRE GROUP INC CLASS A (CBRE) - 2.59%
#11	N/A	CROWN CASTLE INC (CCI) - 2.32%
#12	N/A	QUANTA SERVICES INC (PWR) - 2.09%
#13	N/A	EXXONMOBIL HOLDINGS CORP (XOM) - 2.04%
#14	N/A	BRINKER INTERNATIONAL INC (EAT) - 2.03%
#15	N/A	SYSCO CORP (SYY) - 1.98%
#16	N/A	SERVICE CORP INTERNATIONAL (SCI) - 1.83%
#17	N/A	TEXAS PACIFIC LAND CORP (TPL) - 1.70%
#18	N/A	ORACLE CORP (ORCL) - 1.55%
#19	N/A	KINDER MORGAN INC CLASS P (KMI) - 1.51%
#20	N/A	CONOCOPHILLIPS (COP) - 1.48%
#21	N/A	CATERPILLAR INC (CAT) - 1.45%
#22	N/A	TARGA RESOURCES CORP (TRGP) - 1.44%
#23	N/A	RUSH ENTERPRISES INC CLASS A (RUSHA) - 1.37%
#24	N/A	COMFORT SYSTEMS USA INC (FIX) - 1.32%
#25	N/A	INVITATION HOMES INC (INVH) - 1.20%
Total Holdings	1	230

ZHDG vs TXS - Historical Returns

Returns include dividend reinvestment.

Period	ZHDG	TXS
1 month	-0.04%	+1.61%
3 months	+3.13%	+3.05%
6 months	+2.73%	+8.41%
1 year	+9.42%	+15.81%
5 years(CAGR)	+5.19%	N/A
Max(CAGR)	+5.30%	+17.82%

ZHDG

-0.04%

Winner

TXS

+1.61%

Winner

ZHDG

+3.13%

TXS

+3.05%

ZHDG

+2.73%

Winner

TXS

+8.41%

ZHDG

+9.42%

Winner

TXS

+15.81%

5Y(CAGR)

ZHDG

+5.19%

TXS

N/A

Max(CAGR)

ZHDG

+5.30%

Winner

TXS

+17.82%

ZHDG vs TXS - Annual Returns (2021 - 2026)

Returns include dividend reinvestment.

Year	ZHDG	TXS
2026	+3.24%	+12.63%
2025	+15.11%	+10.57%
2024	+18.03%	+24.44%
2023	+13.42%	+5.63%
2022	-22.18%	N/A
2021	+6.40%	N/A

ZHDG vs TXS Drawdown Comparison

The maximum drawdown for ZHDG was -23.27%, occurring on Dec 28, 2022. Recovery took 684 trading sessions.

The maximum drawdown for TXS was -19.69%, occurring on Apr 8, 2025. Recovery took 147 trading sessions.

The current ZHDG drawdown is -3.07%. The current TXS drawdown is -1.52%.

Rank	ZHDG	TXS
#1	-23.27% Dec 29, 2021 - Sep 19, 2024	-19.69% Nov 26, 2024 - Jul 2, 2025
#2	-11.65% Dec 6, 2024 - Jun 24, 2025	-10.66% Jul 19, 2023 - Dec 1, 2023
#3	-8.56% Jan 27, 2026 - Apr 30, 2026	-7.54% Jul 16, 2024 - Sep 19, 2024
#4	-4.47% Sep 3, 2021 - Oct 26, 2021	-6.54% Oct 27, 2025 - Jan 14, 2026
#5	-4.02% Jun 2, 2026 - Jun 10, 2026	-6.46% Mar 28, 2024 - May 9, 2024
#6	-3.79% Oct 28, 2025 - Jan 7, 2026	-5.76% Mar 2, 2026 - Apr 30, 2026
#7	-2.95% Nov 5, 2021 - Dec 8, 2021	-5.17% Dec 27, 2023 - Feb 15, 2024
#8	-2.80% Oct 14, 2024 - Nov 6, 2024	-4.33% May 15, 2024 - Jul 3, 2024
#9	-2.34% Jan 7, 2026 - Jan 27, 2026	-3.78% Oct 1, 2025 - Oct 24, 2025
#10	-2.30% Jul 25, 2025 - Aug 12, 2025	-2.73% Nov 11, 2024 - Nov 22, 2024
#11	-2.23% Oct 8, 2025 - Oct 24, 2025	-2.42% Jun 4, 2026 - Jul 6, 2026
#12	-1.94% Dec 10, 2021 - Dec 23, 2021	-2.37% Jul 29, 2025 - Aug 22, 2025
#13	-1.87% Nov 11, 2024 - Nov 26, 2024	-1.99% Jul 3, 2025 - Jul 29, 2025
#14	-1.86% May 14, 2026 - May 26, 2026	-1.88% Aug 28, 2025 - Sep 10, 2025
#15	-1.71% Jul 14, 2021 - Jul 23, 2021	-1.80% Oct 16, 2024 - Nov 5, 2024