TXS vs. HYBB ETF Comparison

Comparison of Texas Capital Texas Equity Index ETF (TXS) to iShares BB Rated Corporate Bond ETF (HYBB)

TXS

Texas Capital Texas Equity Index ETF

TXS Description

TXS tracks an index composed of companies that have significant contributions to the economy of Texas. The fund adviser believes that companies headquartered in Texas enjoy certain economic, regulatory, taxation, workforce and other benefits relative to companies headquartered in other states. Initially, all eligible securities from the investable equity universe that meet certain size and liquidity requirements are selected as index constituents. Component sectors in the index are weighted based on their industry contributions to Texass GDP, as reported for the private sector by the US Bureau of Economic Analysis. Companies within each sector are then weighted based on their market-cap, with a minimum cap of 0.05% and maximum cap of 10% per constituent. The fund does not limit its investment to a certain market-cap bracket. TXS may concentrate its investment in a particular industry or group of industries to the extent that the index is concentrated.

Grade (RS Rating)

Last Trade

$34.84

Average Daily Volume

2,919

Number of Holdings ^*

197

* may have additional holdings in another (foreign) market

HYBB

iShares BB Rated Corporate Bond ETF

HYBB Description

The investment seeks to track the investment results of the ICE BofA BB US High Yield Constrained Index composed of BB, or equivalently rated, fixed rate U.S. dollar-denominated bonds issued by U.S. and non-U.S. corporations. The fund generally will invest at least 90% of its assets in the component securities of the underlying index and may invest up to 10% of its assets in certain futures, options and swap contracts, cash and cash equivalents, including shares of money market funds advised by BFA or its affiliates (BlackRock Cash Funds), as well as in securities not included in the index, but which BFA believes will help it track the index.

Grade (RS Rating)

Last Trade

$46.58

Average Daily Volume

53,619

Number of Holdings ^*

257

* may have additional holdings in another (foreign) market

Performance

Period	TXS	HYBB
30 Days	12.19%	0.73%
60 Days	11.01%	-0.96%
90 Days	14.42%	0.14%
12 Months	43.77%	7.77%

31 Overlapping Holdings

Symbol	Grade	Weight in TXS	Weight in HYBB	Overlap
AAL	B	0.33%	0.11%	0.11%
ACM	B	0.78%	0.14%	0.14%
AMN	F	0.03%	0.05%	0.03%
BLDR	D	0.13%	0.08%	0.08%
CHRD	D	0.12%	0.04%	0.04%
CMC	B	0.05%	0.04%	0.04%
COOP	B	0.2%	0.07%	0.07%
CRWD	B	4.06%	0.1%	0.1%
DAR	C	0.06%	0.07%	0.06%
FLR	B	0.48%	0.08%	0.08%
FOR	F	0.04%	0.04%	0.04%
GPI	A	1.58%	0.07%	0.07%
HESM	B	0.05%	0.06%	0.05%
HHH	B	0.27%	0.08%	0.08%
HLX	B	0.05%	0.06%	0.05%
KBR	F	0.42%	0.04%	0.04%
KNTK	B	0.09%	0.12%	0.09%
LGIH	D	0.09%	0.04%	0.04%
MTDR	B	0.1%	0.08%	0.08%
MUR	D	0.07%	0.05%	0.05%
NRG	B	0.31%	0.06%	0.06%
NXST	C	0.05%	0.13%	0.05%
OII	B	0.05%	0.05%	0.05%
PR	B	0.14%	0.05%	0.05%
RRC	B	0.12%	0.06%	0.06%
SBH	C	0.4%	0.1%	0.1%
SCI	B	1.85%	0.08%	0.08%
THC	D	4.2%	0.08%	0.08%
TRN	B	0.05%	0.1%	0.05%
VST	B	0.84%	0.15%	0.15%
WFRD	D	0.09%	0.25%	0.09%

TXS Overweight 166 Positions Relative to HYBB

Symbol	Grade	Weight
TSLA	B	5.5%
SCHW	B	4.06%
DLR	B	4.02%
MCK	B	3.82%
WM	A	3.35%
XOM	B	3.28%
CCI	D	2.93%
GME	C	2.92%
CBRE	B	2.56%
LNG	B	2.46%
ORCL	B	2.37%
TPL	A	1.96%
COP	C	1.95%
KMI	A	1.89%
SYY	B	1.88%
DHI	D	1.86%
PWR	A	1.84%
WING	D	1.64%
TRGP	B	1.43%
TYL	C	1.31%
T	A	1.31%
RUSHA	C	1.23%
INVH	D	1.23%
EOG	A	1.14%
TXN	C	1.13%
CAT	B	1.09%
J	F	0.96%
ASO	F	0.95%
SLB	C	0.92%
EAT	A	0.91%
CPT	B	0.81%
PLAY	D	0.71%
LUV	C	0.69%
FIX	A	0.63%
ADUS	D	0.62%
BKR	B	0.61%
OXY	D	0.51%
FANG	D	0.47%
CPRT	A	0.41%
USPH	B	0.39%
HAL	C	0.39%
ATO	A	0.39%
CNP	B	0.35%
PSX	C	0.32%
GL	B	0.31%
CRBG	B	0.31%
CMA	A	0.3%
KMB	D	0.28%
CFR	B	0.27%
CTRA	B	0.27%
KEX	C	0.26%
VLO	C	0.26%
PB	A	0.24%
MRO	B	0.23%
STRL	B	0.22%
DELL	C	0.21%
IESC	B	0.2%
TPG	A	0.19%
PRIM	A	0.16%
HPE	B	0.16%
FFIN	B	0.14%
AGL	F	0.14%
NSP	D	0.14%
XPEL	C	0.14%
LII	A	0.13%
GRBK	D	0.12%
IBOC	A	0.12%
APA	D	0.12%
OMCL	C	0.11%
NTRA	B	0.11%
LUNR	B	0.1%
GSHD	A	0.09%
AAOI	B	0.09%
VCTR	B	0.09%
POWL	C	0.08%
DNOW	B	0.08%
USLM	A	0.08%
NTST	D	0.08%
STC	B	0.07%
RICK	C	0.07%
EE	A	0.07%
TFIN	A	0.07%
NXRT	B	0.07%
ANET	C	0.07%
FYBR	D	0.07%
MGY	A	0.07%
ACA	A	0.07%
CSV	B	0.07%
IBTX	B	0.07%
BMBL	D	0.06%
OIS	C	0.06%
SABR	C	0.06%
CSWI	A	0.06%
PX	A	0.06%
FFWM	C	0.06%
MRC	B	0.06%
SKWD	A	0.06%
FLS	B	0.06%
WTTR	B	0.06%
GLDD	B	0.06%
TH	C	0.06%
CRGY	B	0.06%
PRO	C	0.06%
TTI	C	0.06%
CRK	B	0.06%
QTWO	A	0.06%
EXP	A	0.06%
SAVA	D	0.06%
XPRO	F	0.06%
MTCH	D	0.06%
UEC	B	0.06%
DXPE	B	0.06%
YETI	C	0.05%
INN	D	0.05%
HTH	B	0.05%
PTEN	C	0.05%
DINO	D	0.05%
CECO	A	0.05%
TALO	C	0.05%
ATI	D	0.05%
GDOT	D	0.05%
BIGC	C	0.05%
THR	B	0.05%
GRNT	B	0.05%
PUMP	B	0.05%
SWI	B	0.05%
ITGR	B	0.05%
CHX	C	0.05%
VTOL	B	0.05%
EZPW	A	0.05%
AZZ	B	0.05%
WSR	A	0.05%
SBSI	B	0.05%
CNK	B	0.05%
TASK	C	0.05%
UPBD	B	0.05%
ALG	B	0.05%
CE	F	0.05%
NX	C	0.05%
WHD	B	0.05%
ALKT	B	0.05%
VBTX	B	0.05%
AROC	B	0.05%
APLD	A	0.05%
THRY	F	0.04%
BRY	F	0.04%
DIOD	D	0.04%
CVI	F	0.04%
TSHA	C	0.04%
TDW	F	0.04%
CSTL	D	0.04%
VITL	D	0.04%
HUN	F	0.04%
WLK	D	0.04%
SLAB	D	0.04%
PARR	D	0.04%
EGY	D	0.04%
NR	B	0.04%
NOV	C	0.04%
AESI	B	0.04%
LXRX	F	0.03%
ETWO	F	0.03%
SVRA	D	0.03%
CRUS	D	0.03%
APPS	F	0.02%
NOVA	F	0.01%

TXS Underweight 226 Positions Relative to HYBB

Symbol	Grade	Weight
WDC	D	-0.33%
JBLU	F	-0.3%
INGM	F	-0.29%
CCL	B	-0.29%
UAL	A	-0.27%
GTLS	B	-0.23%
CZR	F	-0.22%
SBAC	D	-0.2%
GTN	F	-0.2%
TLN	B	-0.19%
JAZZ	B	-0.19%
VAL	D	-0.17%
TDG	D	-0.16%
POST	C	-0.15%
SIRI	C	-0.14%
COHR	B	-0.14%
PFGC	B	-0.14%
DVA	B	-0.14%
BFH	B	-0.14%
PCG	A	-0.14%
RBLX	C	-0.13%
SQ	A	-0.13%
AMCX	C	-0.13%
HLF	C	-0.12%
HRI	B	-0.12%
BYD	C	-0.12%
ESI	A	-0.12%
WCC	B	-0.12%
HGV	B	-0.12%
VRT	B	-0.12%
HTZ	C	-0.12%
SYF	B	-0.11%
IGT	F	-0.11%
W	F	-0.11%
AVTR	F	-0.11%
ESAB	B	-0.11%
DTE	C	-0.11%
USM	B	-0.1%
TPX	B	-0.1%
GAP	B	-0.1%
BALL	D	-0.1%
ADT	C	-0.1%
ON	D	-0.1%
TEX	D	-0.09%
VSAT	F	-0.09%
WAL	B	-0.09%
SLGN	A	-0.09%
ASGN	F	-0.09%
MOH	F	-0.09%
GEN	B	-0.09%
PK	B	-0.09%
FTRE	D	-0.09%
AVNT	B	-0.09%
AIR	B	-0.09%
CWK	B	-0.09%
IEP	F	-0.09%
AM	A	-0.09%
GDDY	A	-0.09%
ATSG	B	-0.09%
MTN	C	-0.09%
GEO	B	-0.09%
ADNT	F	-0.08%
THO	B	-0.08%
IQV	D	-0.08%
CRI	D	-0.08%
ACI	C	-0.08%
XPO	B	-0.08%
GNL	F	-0.08%
AMKR	D	-0.08%
NEP	F	-0.08%
SLM	A	-0.08%
OGN	D	-0.08%
ESTC	C	-0.08%
WH	B	-0.08%
LW	C	-0.08%
ACCO	C	-0.08%
AXTA	A	-0.08%
LADR	B	-0.08%
OUT	A	-0.08%
SRCL	C	-0.08%
PARA	C	-0.08%
PPC	C	-0.08%
DO	D	-0.08%
CXW	B	-0.08%
ECPG	B	-0.08%
ALGT	B	-0.08%
NMRK	B	-0.08%
SNEX	B	-0.08%
ZBRA	B	-0.08%
RNG	B	-0.07%
PTC	A	-0.07%
MD	B	-0.07%
KFY	B	-0.07%
SAH	A	-0.07%
RLJ	B	-0.07%
LAD	A	-0.07%
MWA	B	-0.07%
ATGE	B	-0.07%
ZD	B	-0.07%
FCFS	F	-0.07%
DY	D	-0.07%
LYV	A	-0.07%
FTAI	B	-0.07%
GHC	C	-0.07%
PHIN	A	-0.07%
TNET	D	-0.07%
HLT	A	-0.07%
PAG	B	-0.07%
COTY	F	-0.07%
NAVI	C	-0.07%
NCLH	B	-0.07%
URI	B	-0.07%
OLN	D	-0.07%
EPC	D	-0.07%
SCS	C	-0.07%
NWSA	B	-0.07%
ALLY	C	-0.07%
ARLP	A	-0.07%
TGNA	B	-0.07%
TFX	F	-0.07%
NSIT	F	-0.07%
LTH	C	-0.07%
EIX	B	-0.07%
NGVT	B	-0.07%
IRM	D	-0.07%
UA	B	-0.07%
PFSI	D	-0.07%
BWXT	B	-0.06%
MGM	D	-0.06%
AIZ	A	-0.06%
TCBI	B	-0.06%
ST	F	-0.06%
CIEN	B	-0.06%
MTX	B	-0.06%
HOLX	D	-0.06%
TMHC	B	-0.06%
SM	B	-0.06%
CACC	D	-0.06%
WMS	D	-0.06%
SEE	C	-0.06%
CIVI	D	-0.06%
CHTR	C	-0.06%
PBH	A	-0.06%
BCC	B	-0.06%
RXO	C	-0.06%
TRS	B	-0.06%
TTMI	B	-0.06%
CCOI	B	-0.06%
AA	B	-0.06%
ATKR	C	-0.06%
NWL	B	-0.06%
CNX	A	-0.06%
VSTO	A	-0.06%
TWLO	A	-0.06%
VNOM	A	-0.06%
RHP	B	-0.06%
CRL	C	-0.06%
CCK	C	-0.06%
LEVI	F	-0.06%
ET	A	-0.06%
CCS	D	-0.06%
BCO	D	-0.06%
SXC	A	-0.06%
VNO	B	-0.05%
DFH	D	-0.05%
DAN	D	-0.05%
CLF	F	-0.05%
ASH	D	-0.05%
STWD	C	-0.05%
WGO	C	-0.05%
JWN	C	-0.05%
CRS	A	-0.05%
GOLF	B	-0.05%
OI	C	-0.05%
ALSN	B	-0.05%
TPH	D	-0.05%
SYNA	C	-0.05%
IBP	D	-0.05%
VIAV	B	-0.05%
FL	F	-0.05%
ENTG	D	-0.05%
ABG	B	-0.05%
LAMR	D	-0.05%
SUN	B	-0.05%
EHC	B	-0.05%
LPX	B	-0.05%
BLD	D	-0.05%
AES	F	-0.05%
AR	B	-0.05%
FOUR	B	-0.05%
BXMT	C	-0.05%
REZI	A	-0.04%
CLH	B	-0.04%
FUL	F	-0.04%
CXT	B	-0.04%
PRGO	B	-0.04%
BECN	B	-0.04%
BSIG	A	-0.04%
MUSA	A	-0.04%
SPR	D	-0.04%
GNW	A	-0.04%
ENS	D	-0.04%
X	C	-0.04%
GPK	C	-0.04%
IMKTA	C	-0.04%
YUM	B	-0.04%
VLY	B	-0.04%
VFC	C	-0.04%
BDN	C	-0.04%
PRAA	C	-0.04%
CENT	C	-0.04%
KSS	F	-0.04%
BBWI	D	-0.04%
TNL	A	-0.04%
HI	C	-0.04%
STX	D	-0.04%
HPP	F	-0.04%
MHO	D	-0.04%
KBH	D	-0.04%
RCL	A	-0.04%
CSTM	F	-0.03%
WBA	F	-0.03%
BERY	B	-0.03%
AAP	C	-0.03%
OMF	A	-0.03%
M	D	-0.02%