DFVE vs. TEXN

Last updated Jun 4, 2026

DFVE (Doubleline Fortune 500 Equal Weight ETF) and TEXN (iShares Texas Equity ETF) are both Large Cap Blend Equities funds - DFVE tracks the Barclays Fortune 500 Equal Weighted Index - Benchmark TR Gross while TEXN tracks the Russell Texas Equity Index. Both are passively managed. A 0.60 correlation means they provide meaningful diversification when combined. Both charge a 0.20% expense ratio.

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.

Returns By Period

In the year-to-date period, DFVE achieves a 10.31% return, which is significantly lower than TEXN's 25.94% return.

DFVE

• 1D: -0.48%
• 1M: 2.49%
• YTD: 10.31%
• 6M: 10.69%
• 1Y: 23.82%
• 3Y*: —
• 5Y*: —
• 10Y*: —

TEXN

• 1D: -0.24%
• 1M: 5.35%
• YTD: 25.94%
• 6M: 24.41%
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —

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

DFVE vs. TEXN - Yearly Performance Comparison

	2026 (YTD)	2025
DFVE Doubleline Fortune 500 Equal Weight ETF	10.31%	9.83%
TEXN iShares Texas Equity ETF	25.94%	8.16%

Correlation

The correlation between DFVE and TEXN is 0.60, which is moderate. They share some common price drivers but move independently often enough to provide real diversification benefit when combined.

	Correlation
Correlation (All Time) Calculated using the full available price history since Jun 25, 2025	0.60

DFVE vs. TEXN - Sectors Allocation Comparison

Sectors	DFVE	TEXN
Industrials	16.9%	16.9%
Consumer Cyclical	16.1%	10.8%
Financial Services	14.5%	4.1%
Technology	12.9%	15.5%
Healthcare	9.8%	2.9%
Consumer Defensive	8.2%	2.1%
Energy	6.3%	36.1%
Utilities	5.2%	2.9%
Basic Materials	4.5%	0.8%
Communication Services	4.3%	3.6%
Real Estate	1.4%	4.2%

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: 58
DFVE Sharpe Ratio Rank: 56
DFVE Sortino Ratio Rank: 59
DFVE Omega Ratio Rank: 53
DFVE Calmar Ratio Rank: 62
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	1.88	—	—
Sortino ratio: Return per unit of downside risk	2.75	—	—
Omega ratio: Gain probability vs. loss probability	1.33	—	—
Calmar ratio: Return relative to maximum drawdown	3.07	—	—
Martin ratio: Return relative to average drawdown	10.92	—	—
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	1.88	—	—
Sharpe Ratio (All Time) Calculated using the full available price history	1.09	2.75	-1.66

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	-7.79%	—	—
Current Drawdown Current decline from peak	-0.48%	-0.24%	-0.24%
Average Drawdown Average peak-to-trough decline	-2.77%	-1.12%	-1.65%
Ulcer Index Depth and duration of drawdowns from previous peaks	2.19%	—	—

Volatility

Volatility by Period

	DFVE	TEXN	Difference
Volatility (1M) Calculated over the trailing 1-month period	2.98%	—	—
Volatility (6M) Calculated over the trailing 6-month period	9.09%	—	—
Volatility (1Y) Calculated over the trailing 1-year period	12.73%	14.19%	-1.46%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	15.56%	14.19%	+1.37%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	15.56%	14.19%	+1.37%

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%.

Dividends

DFVE vs. TEXN - Dividend Comparison

DFVE's dividend yield for the trailing twelve months is around 1.37%, more than TEXN's 1.01% yield.

Position	TTM	2025	2024
DFVE Doubleline Fortune 500 Equal Weight ETF	1.37%	1.52%	1.53%
TEXN iShares Texas Equity ETF	1.01%	0.86%	0.00%

Frequently Asked Questions

Can I hold both DFVE and TEXN in my portfolio?

DFVE and TEXN have a correlation of 0.60, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which ETF is better, DFVE or TEXN?

Both ETFs have the same 0.20% expense ratio. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF is cheaper, DFVE or TEXN?

DFVE and TEXN have the same expense ratio: 0.20% per year.

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

DFVE has the higher dividend yield at 1.37%, compared with 1.01% for TEXN.

What is the main difference between DFVE and TEXN?

DFVE tracks Barclays Fortune 500 Equal Weighted Index - Benchmark TR Gross, while TEXN tracks Russell Texas Equity Index. They also come from different issuers: DoubleLine and iShares.