BTR vs. TEXN

Last updated Jul 14, 2026

BTR (Beacon Tactical Risk ETF) and TEXN (iShares Texas Equity ETF) are both Large Cap Blend Equities funds. BTR is actively managed, while TEXN is passively managed. Over the past year, BTR returned 16.61% vs 27.14% for TEXN. A 0.64 correlation means they provide meaningful diversification when combined. BTR charges 1.10%/yr vs 0.20%/yr for TEXN.

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.

Returns By Period

In the year-to-date period, BTR achieves a 9.89% return, which is significantly lower than TEXN's 20.04% return.

BTR

• 1D: -0.09%
• 1M: 0.86%
• 6M: 6.84%
• YTD: 9.89%
• 1Y: 16.61%
• 3Y*: 4.82%
• 5Y*: —
• 10Y*: —

TEXN

• 1D: -0.18%
• 1M: -1.85%
• 6M: 15.73%
• YTD: 20.04%
• 1Y: 27.14%
• 3Y*: —
• 5Y*: —
• 10Y*: —

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

BTR vs. TEXN - Yearly Performance Comparison

	2026 (YTD)	2025
BTR Beacon Tactical Risk ETF	9.89%	9.17%
TEXN iShares Texas Equity ETF	20.04%	8.33%

Correlation

The correlation between BTR and TEXN is 0.64, which is moderate. They share some common price drivers but move independently often enough to provide real diversification benefit when combined.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.64
Correlation (All Time) Calculated using the full available price history since Jun 24, 2025	0.64

The correlation between BTR and TEXN has been stable across timeframes, ranging from 0.64 to 0.64 - a consistent structural relationship.

BTR vs. TEXN - Sectors Allocation Comparison

Sectors	BTR	TEXN
Technology	12.7%	20.6%
Energy	10.4%	32.3%
Consumer Cyclical	9.5%	11.6%
Communication Services	9.3%	3.3%
Industrials	9.2%	16.3%
Healthcare	8.8%	2.7%
Utilities	8.4%	2.7%
Basic Materials	8.4%	0.7%
Real Estate	8.2%	3.9%
Consumer Defensive	7.8%	2.1%
Financial Services	7.2%	3.9%

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: 67
BTR Sharpe Ratio Rank: 65
BTR Sortino Ratio Rank: 65
BTR Omega Ratio Rank: 65
BTR Calmar Ratio Rank: 67
BTR Martin Ratio Rank: 71

TEXN

TEXN Risk / Return Rank: 78
TEXN Sharpe Ratio Rank: 74
TEXN Sortino Ratio Rank: 74
TEXN Omega Ratio Rank: 71
TEXN Calmar Ratio Rank: 89
TEXN Martin Ratio Rank: 82

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.

Values are calculated on a 1-year rolling basis and updated daily. Risk-adjusted metrics are more stable over longer periods — use the period switch above to explore them.

	BTR	TEXN	Difference
Sharpe ratio: Return per unit of total volatility	1.69	1.88	-0.19
Sortino ratio: Return per unit of downside risk	2.38	2.66	-0.27
Omega ratio: Gain probability vs. loss probability	1.31	1.33	-0.02
Calmar ratio: Return relative to maximum drawdown	2.68	4.20	-1.53
Martin ratio: Return relative to average drawdown	10.27	12.70	-2.44

BTR vs. TEXN - Sharpe Ratio Comparison

The current BTR Sharpe Ratio is 1.69, which is comparable to the TEXN Sharpe Ratio of 1.88. The chart below compares the historical Sharpe Ratios of BTR and TEXN, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

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 -6.48%. 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%	-6.48%	-10.19%
Max Drawdown (1Y) Largest decline over 1 year	-6.23%	-6.48%	+0.25%
Max Drawdown (3Y) Largest decline over 3 years	-16.67%	—	—
Current Drawdown Current decline from peak	-0.20%	-4.90%	+4.70%
Average Drawdown Average peak-to-trough decline	-5.43%	-1.44%	-3.99%
Ulcer Index Depth and duration of drawdowns from previous peaks	1.62%	2.14%	-0.52%

Volatility

BTR vs. TEXN - Volatility Comparison

The current volatility for Beacon Tactical Risk ETF (BTR) is 2.47%, while iShares Texas Equity ETF (TEXN) has a volatility of 3.97%. This indicates that BTR experiences smaller price fluctuations and is considered to be less risky than TEXN based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	BTR	TEXN	Difference
Volatility (1M) Calculated over the trailing 1-month period	2.47%	3.97%	-1.50%
Volatility (6M) Calculated over the trailing 6-month period	7.21%	10.17%	-2.96%
Volatility (1Y) Calculated over the trailing 1-year period	9.87%	14.54%	-4.67%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	10.85%	14.48%	-3.63%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	10.85%	14.48%	-3.63%

BTR vs. TEXN - Expense Ratio Comparison

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

Dividends

BTR vs. TEXN - Dividend Comparison

BTR's dividend yield for the trailing twelve months is around 1.17%, less than TEXN's 1.40% yield.

Position	TTM	2025	2024	2023
BTR Beacon Tactical Risk ETF	1.17%	1.29%	0.87%	0.91%
TEXN iShares Texas Equity ETF	1.40%	0.86%	0.00%	0.00%

Frequently Asked Questions

Can I hold both BTR and TEXN in my portfolio?

BTR and TEXN have a correlation of 0.64, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, BTR or TEXN?

TEXN has higher volatility (3.97%) compared to BTR (2.47%). In terms of maximum drawdown, BTR dropped -16.67% vs TEXN's -6.48%.

Which ETF is better, BTR or TEXN?

On 1-year performance, TEXN leads with 27.14% vs 16.61% for BTR. On fees, TEXN is cheaper at 0.20% per year. On volatility, BTR has been the lower-risk option at 2.47%. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF has performed better, BTR or TEXN?

Over the 1-year period, TEXN has performed better with a 27.14% return vs 16.61%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, BTR or TEXN?

TEXN is cheaper with a 0.20% expense ratio, compared with 1.10% for BTR.

Which ETF pays a higher dividend yield, BTR or TEXN?

TEXN has the higher dividend yield at 1.40%, compared with 1.17% for BTR.

What is the main difference between BTR and TEXN?

They also come from different issuers: American Beacon and iShares. Their fees differ too: 1.10% for BTR and 0.20% for TEXN.

Which has better risk-adjusted returns?

TEXN currently has the higher Sharpe Ratio (1.88 vs 1.69), meaning it's delivered slightly more return per unit of risk over the trailing 12 months. However, this ranking shifts over time - use the Risk/Return Score above for a more comprehensive view that combines Sharpe, Sortino, and other measures used by quantitative funds.