ERNZ vs. TEXN

Last updated Jun 4, 2026

ERNZ (TrueShares Active Yield ETF) and TEXN (iShares Texas Equity ETF) are both Large Cap Blend Equities funds. ERNZ is actively managed, while TEXN is passively managed. A 0.53 correlation means they provide meaningful diversification when combined. ERNZ charges 0.75%/yr vs 0.20%/yr for TEXN.

Performance

ERNZ vs. TEXN - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in TrueShares Active Yield ETF (ERNZ) 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, ERNZ achieves a 4.89% return, which is significantly lower than TEXN's 25.94% return.

ERNZ

• 1D: 0.00%
• 1M: 0.00%
• YTD: 4.89%
• 6M: 3.58%
• 1Y: 2.28%
• 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)

ERNZ vs. TEXN - Yearly Performance Comparison

	2026 (YTD)	2025
ERNZ TrueShares Active Yield ETF	4.89%	-4.35%
TEXN iShares Texas Equity ETF	25.94%	8.16%

Correlation

The correlation between ERNZ and TEXN is 0.53, 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	0.53

ERNZ vs. TEXN - Sectors Allocation Comparison

Sectors	ERNZ	TEXN
Financial Services	24.6%	4.1%
Energy	23.0%	36.1%
Consumer Cyclical	10.1%	10.8%
Consumer Defensive	8.7%	2.1%
Real Estate	8.7%	4.2%
Basic Materials	6.1%	0.8%
Healthcare	5.8%	2.9%
Communication Services	3.5%	3.6%
Utilities	3.5%	2.9%
Technology	3.3%	15.5%
Industrials	2.9%	16.9%

Return for Risk

ERNZ vs. TEXN — Risk / Return Rank

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

ERNZ

ERNZ Risk / Return Rank: 12
ERNZ Sharpe Ratio Rank: 12
ERNZ Sortino Ratio Rank: 12
ERNZ Omega Ratio Rank: 12
ERNZ Calmar Ratio Rank: 11
ERNZ Martin Ratio Rank: 11

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.

ERNZ vs. TEXN - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for TrueShares Active Yield ETF (ERNZ) 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.

	ERNZ	TEXN	Difference
Sharpe ratio: Return per unit of total volatility	0.24	—	—
Sortino ratio: Return per unit of downside risk	0.42	—	—
Omega ratio: Gain probability vs. loss probability	1.05	—	—
Calmar ratio: Return relative to maximum drawdown	0.22	—	—
Martin ratio: Return relative to average drawdown	0.47	—	—
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

	ERNZ	TEXN	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	0.24	—	—
Sharpe Ratio (All Time) Calculated using the full available price history	0.06	2.75	-2.69

Drawdowns

ERNZ vs. TEXN - Drawdown Comparison

The maximum ERNZ drawdown since its inception was -14.16%, which is greater than TEXN's maximum drawdown of -6.34%. Use the drawdown chart below to compare losses from any high point for ERNZ and TEXN.

Drawdown Indicators

	ERNZ	TEXN	Difference
Max Drawdown Largest peak-to-trough decline	-14.16%	-6.34%	-7.82%
Max Drawdown (1Y) Largest decline over 1 year	-10.61%	—	—
Current Drawdown Current decline from peak	-5.59%	-0.24%	-5.35%
Average Drawdown Average peak-to-trough decline	-4.58%	-1.12%	-3.46%
Ulcer Index Depth and duration of drawdowns from previous peaks	4.88%	—	—

Volatility

Volatility by Period

	ERNZ	TEXN	Difference
Volatility (1M) Calculated over the trailing 1-month period	0.00%	—	—
Volatility (6M) Calculated over the trailing 6-month period	4.40%	—	—
Volatility (1Y) Calculated over the trailing 1-year period	9.75%	14.19%	-4.44%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	11.77%	14.19%	-2.42%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	11.77%	14.19%	-2.42%

ERNZ vs. TEXN - Expense Ratio Comparison

ERNZ has a 0.75% expense ratio, which is higher than TEXN's 0.20% expense ratio.

Dividends

ERNZ vs. TEXN - Dividend Comparison

ERNZ's dividend yield for the trailing twelve months is around 6.37%, more than TEXN's 1.01% yield.

Position	TTM	2025	2024
ERNZ TrueShares Active Yield ETF	6.37%	9.90%	5.51%
TEXN iShares Texas Equity ETF	1.01%	0.86%	0.00%

Frequently Asked Questions

Can I hold both ERNZ and TEXN in my portfolio?

ERNZ and TEXN have a correlation of 0.53, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which ETF is better, ERNZ or TEXN?

On fees, TEXN is cheaper at 0.20% per year. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF is cheaper, ERNZ or TEXN?

TEXN is cheaper with a 0.20% expense ratio, compared with 0.75% for ERNZ.

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

ERNZ has the higher dividend yield at 6.37%, compared with 1.01% for TEXN.

What is the main difference between ERNZ and TEXN?

They also come from different issuers: TrueShares and iShares. Their fees differ too: 0.75% for ERNZ and 0.20% for TEXN.