DFVE vs. TEXN

Last updated Apr 1, 2026

Compare and contrast key facts about Doubleline Fortune 500 Equal Weight ETF (DFVE) and iShares Texas Equity ETF (TEXN).

DFVE and TEXN are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. DFVE is a passively managed fund by DoubleLine that tracks the performance of the Barclays Fortune 500 Equal Weighted Index - Benchmark TR Gross. It was launched on Jan 31, 2024. 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. Both DFVE and TEXN are passive ETFs, meaning that they are not actively managed but aim to replicate the performance of the underlying index as closely as possible.

Performance

DFVE vs. TEXN - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Doubleline Fortune 500 Equal Weight ETF (DFVE) and iShares Texas Equity ETF (TEXN). The values are adjusted to include any dividend payments, if applicable.

DFVE vs. TEXN - Yearly Performance Comparison

	2026 (YTD)	2025
DFVE Doubleline Fortune 500 Equal Weight ETF	1.77%	9.83%
TEXN iShares Texas Equity ETF	12.67%	8.16%

Returns By Period

In the year-to-date period, DFVE achieves a 1.77% return, which is significantly lower than TEXN's 12.67% return.

DFVE

• 1D: 1.90%
• 1M: -5.33%
• YTD: 1.77%
• 6M: 3.98%
• 1Y: 16.88%
• 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)

DFVE vs. TEXN - Expense Ratio Comparison

Both DFVE and TEXN have an expense ratio of 0.20%, making them cost-effective options compared to the broader market, where average expense ratios typically range from 0.3% to 0.9%.

DFVE

Doubleline Fortune 500 Equal Weight ETF

TEXN

iShares Texas Equity ETF

Return for Risk

DFVE vs. TEXN — Risk / Return Rank

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

DFVE

DFVE Risk / Return Rank: 54
DFVE Sharpe Ratio Rank: 50
DFVE Sortino Ratio Rank: 52
DFVE Omega Ratio Rank: 52
DFVE Calmar Ratio Rank: 54
DFVE Martin Ratio Rank: 62

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.

DFVE vs. TEXN - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Doubleline Fortune 500 Equal Weight ETF (DFVE) 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.

	DFVE	TEXN	Difference
Sharpe ratio Return per unit of total volatility	0.93	—	—
Sortino ratio Return per unit of downside risk	1.42	—	—
Omega ratio Gain probability vs. loss probability	1.20	—	—
Calmar ratio Return relative to maximum drawdown	1.41	—	—
Martin ratio Return relative to average drawdown	6.28	—	—
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

	DFVE	TEXN	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	0.93	—	—
Sharpe Ratio (All Time) Calculated using the full available price history	0.89	1.99	-1.11

Correlation

The correlation between DFVE and TEXN is 0.66, which is considered to be moderate. This suggests that the two assets have some degree of positive relationship in their price movements. Moderate correlation can be acceptable for portfolio diversification, offering a balance between risk and potential returns.

Dividends

DFVE vs. TEXN - Dividend Comparison

DFVE's dividend yield for the trailing twelve months is around 1.49%, more than TEXN's 1.13% yield.

	TTM	2025	2024
DFVE Doubleline Fortune 500 Equal Weight ETF	1.49%	1.52%	1.53%
TEXN iShares Texas Equity ETF	1.13%	0.86%	0.00%

Drawdowns

DFVE vs. TEXN - Drawdown Comparison

The maximum DFVE drawdown since its inception was -19.43%, which is greater than TEXN's maximum drawdown of -6.34%. Use the drawdown chart below to compare losses from any high point for DFVE and TEXN.

Drawdown Indicators

	DFVE	TEXN	Difference
Max Drawdown Largest peak-to-trough decline	-19.43%	-6.34%	-13.09%
Max Drawdown (1Y) Largest decline over 1 year	-13.38%	—	—
Current Drawdown Current decline from peak	-5.79%	-0.54%	-5.25%
Average Drawdown Average peak-to-trough decline	-2.87%	-1.27%	-1.60%
Ulcer Index Depth and duration of drawdowns from previous peaks	3.00%	—	—

Volatility

Volatility by Period

	DFVE	TEXN	Difference
Volatility (1M) Calculated over the trailing 1-month period	4.39%	—	—
Volatility (6M) Calculated over the trailing 6-month period	9.63%	—	—
Volatility (1Y) Calculated over the trailing 1-year period	18.37%	14.82%	+3.55%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	15.82%	14.82%	+1.00%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	15.82%	14.82%	+1.00%