BTR vs. TEXN

Last updated Apr 1, 2026

Compare and contrast key facts about Beacon Tactical Risk ETF (BTR) and iShares Texas Equity ETF (TEXN).

BTR and TEXN are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. BTR is an actively managed fund by American Beacon. It was launched on Apr 17, 2023. TEXN is a passively managed fund by iShares that tracks the performance of the Russell Texas Equity Index. It was launched on Jun 23, 2025.

Performance

BTR vs. TEXN - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Beacon Tactical Risk ETF (BTR) and iShares Texas Equity ETF (TEXN). The values are adjusted to include any dividend payments, if applicable.

BTR vs. TEXN - Yearly Performance Comparison

	2026 (YTD)	2025
BTR Beacon Tactical Risk ETF	2.06%	8.26%
TEXN iShares Texas Equity ETF	12.67%	8.16%

Returns By Period

In the year-to-date period, BTR achieves a 2.06% return, which is significantly lower than TEXN's 12.67% return.

BTR

• 1D: 1.74%
• 1M: -4.45%
• YTD: 2.06%
• 6M: 3.38%
• 1Y: 0.88%
• 3Y*: —
• 5Y*: —
• 10Y*: —

TEXN

• 1D: 1.53%
• 1M: 0.90%
• YTD: 12.67%
• 6M: 10.48%
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —

*Multi-year figures are annualized to reflect compound growth (CAGR)

BTR vs. TEXN - Expense Ratio Comparison

BTR has a 1.10% expense ratio, which is higher than TEXN's 0.20% expense ratio.

BTR

Beacon Tactical Risk ETF

TEXN

iShares Texas Equity ETF

Return for Risk

BTR vs. TEXN — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.

BTR

BTR Risk / Return Rank: 13
BTR Sharpe Ratio Rank: 13
BTR Sortino Ratio Rank: 12
BTR Omega Ratio Rank: 12
BTR Calmar Ratio Rank: 14
BTR Martin Ratio Rank: 13

The rank (0–100) shows how this investment's returns compare to the risk taken. Higher = better. Based on the past 12 months of data, combining Sharpe, Sortino, and other metrics used by quantitative funds and institutional investors.

BTR vs. TEXN - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Beacon Tactical Risk ETF (BTR) and iShares Texas Equity ETF (TEXN). Risk-adjusted metrics are performance indicators that assess an investment's returns in relation to its risk, enabling a more accurate comparison of different investment options.

	BTR	TEXN	Difference
Sharpe ratio Return per unit of total volatility	0.07	—	—
Sortino ratio Return per unit of downside risk	0.16	—	—
Omega ratio Gain probability vs. loss probability	1.03	—	—
Calmar ratio Return relative to maximum drawdown	0.14	—	—
Martin ratio Return relative to average drawdown	0.25	—	—
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

Sharpe Ratios by Period

	BTR	TEXN	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	0.07	—	—
Sharpe Ratio (All Time) Calculated using the full available price history	0.20	1.99	-1.79

Correlation

The correlation between BTR and TEXN is 0.74, which is considered to be high. That indicates a strong positive relationship between their price movements. Having highly-correlated positions in a portfolio may signal a lack of diversification, potentially leading to increased risk during market downturns.

Dividends

BTR vs. TEXN - Dividend Comparison

BTR's dividend yield for the trailing twelve months is around 1.26%, more than TEXN's 1.13% yield.

	TTM	2025	2024	2023
BTR Beacon Tactical Risk ETF	1.26%	1.29%	0.87%	0.91%
TEXN iShares Texas Equity ETF	1.13%	0.86%	0.00%	0.00%

Drawdowns

BTR vs. TEXN - Drawdown Comparison

The maximum BTR drawdown since its inception was -16.67%, which is greater than TEXN's maximum drawdown of -6.34%. Use the drawdown chart below to compare losses from any high point for BTR and TEXN.

Drawdown Indicators

	BTR	TEXN	Difference
Max Drawdown Largest peak-to-trough decline	-16.67%	-6.34%	-10.33%
Max Drawdown (1Y) Largest decline over 1 year	-11.66%	—	—
Current Drawdown Current decline from peak	-5.83%	-0.54%	-5.29%
Average Drawdown Average peak-to-trough decline	-5.83%	-1.27%	-4.56%
Ulcer Index Depth and duration of drawdowns from previous peaks	6.35%	—	—

Volatility

Volatility by Period

	BTR	TEXN	Difference
Volatility (1M) Calculated over the trailing 1-month period	4.11%	—	—
Volatility (6M) Calculated over the trailing 6-month period	7.76%	—	—
Volatility (1Y) Calculated over the trailing 1-year period	12.51%	14.82%	-2.31%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	11.02%	14.82%	-3.80%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	11.02%	14.82%	-3.80%