ESMV vs. TEXN

Last updated Jul 17, 2026

ESMV (iShares ESG MSCI USA Min Vol Factor ETF) and TEXN (iShares Texas Equity ETF) are both Large Cap Blend Equities funds from iShares - ESMV tracks the MSCI USA Minimum Volatility Extended ESG Reduced Carbon Target Index - Benchmark TR Gross while TEXN tracks the Russell Texas Equity Index. Both are passively managed. Over the past year, ESMV returned 8.50% vs 27.36% for TEXN. At a 0.37 correlation, their price movements are largely independent. ESMV charges 0.18%/yr vs 0.20%/yr for TEXN.

Performance

ESMV vs. TEXN - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in iShares ESG MSCI USA Min Vol Factor ETF (ESMV) 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, ESMV achieves a 6.56% return, which is significantly lower than TEXN's 19.12% return.

ESMV

• 1D: 0.75%
• 1M: 1.14%
• 6M: 5.80%
• YTD: 6.56%
• 1Y: 8.50%
• 3Y*: 10.30%
• 5Y*: —
• 10Y*: —

TEXN

• 1D: -0.69%
• 1M: -2.09%
• 6M: 13.48%
• YTD: 19.12%
• 1Y: 27.36%
• 3Y*: —
• 5Y*: —
• 10Y*: —

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

ESMV vs. TEXN - Yearly Performance Comparison

	2026 (YTD)	2025
ESMV iShares ESG MSCI USA Min Vol Factor ETF	6.56%	2.14%
TEXN iShares Texas Equity ETF	19.12%	8.33%

Correlation

The correlation between ESMV and TEXN is 0.38, which is low. Their price movements are largely independent, making them effective diversification partners.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.38
Correlation (All Time) Calculated using the full available price history since Jun 24, 2025	0.37

Return for Risk

ESMV vs. TEXN — Risk / Return Rank

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

ESMV

ESMV Risk / Return Rank: 29
ESMV Sharpe Ratio Rank: 29
ESMV Sortino Ratio Rank: 27
ESMV Omega Ratio Rank: 28
ESMV Calmar Ratio Rank: 30
ESMV Martin Ratio Rank: 32

TEXN

TEXN Risk / Return Rank: 78
TEXN Sharpe Ratio Rank: 74
TEXN Sortino Ratio Rank: 75
TEXN Omega Ratio Rank: 71
TEXN Calmar Ratio Rank: 89
TEXN Martin Ratio Rank: 81

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.

ESMV vs. TEXN - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for iShares ESG MSCI USA Min Vol Factor ETF (ESMV) 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.

	ESMV	TEXN	Difference
Sharpe ratio: Return per unit of total volatility	0.85	1.89	-1.04
Sortino ratio: Return per unit of downside risk	1.22	2.68	-1.46
Omega ratio: Gain probability vs. loss probability	1.16	1.33	-0.17
Calmar ratio: Return relative to maximum drawdown	1.22	4.24	-3.02
Martin ratio: Return relative to average drawdown	3.72	12.42	-8.70

ESMV vs. TEXN - Sharpe Ratio Comparison

The current ESMV Sharpe Ratio is 0.85, which is lower than the TEXN Sharpe Ratio of 1.89. The chart below compares the historical Sharpe Ratios of ESMV 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

ESMV vs. TEXN - Drawdown Comparison

The maximum ESMV drawdown since its inception was -19.77%, which is greater than TEXN's maximum drawdown of -6.48%. Use the drawdown chart below to compare losses from any high point for ESMV and TEXN.

Drawdown Indicators

	ESMV	TEXN	Difference
Max Drawdown Largest peak-to-trough decline	-19.77%	-6.48%	-13.29%
Max Drawdown (1Y) Largest decline over 1 year	-7.01%	-6.48%	-0.53%
Max Drawdown (3Y) Largest decline over 3 years	-12.16%	—	—
Current Drawdown Current decline from peak	-1.16%	-5.64%	+4.48%
Average Drawdown Average peak-to-trough decline	-5.22%	-1.48%	-3.74%
Ulcer Index Depth and duration of drawdowns from previous peaks	2.29%	2.21%	+0.08%

Volatility

ESMV vs. TEXN - Volatility Comparison

The current volatility for iShares ESG MSCI USA Min Vol Factor ETF (ESMV) is 2.52%, while iShares Texas Equity ETF (TEXN) has a volatility of 3.97%. This indicates that ESMV 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

	ESMV	TEXN	Difference
Volatility (1M) Calculated over the trailing 1-month period	2.52%	3.97%	-1.45%
Volatility (6M) Calculated over the trailing 6-month period	6.63%	10.17%	-3.54%
Volatility (1Y) Calculated over the trailing 1-year period	10.05%	14.51%	-4.46%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	13.15%	14.46%	-1.31%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	13.15%	14.46%	-1.31%

ESMV vs. TEXN - Expense Ratio Comparison

ESMV has a 0.18% expense ratio, which is lower than TEXN's 0.20% expense ratio. Despite the difference, both funds are considered low-cost compared to the broader market, where average expense ratios usually range from 0.3% to 0.9%.

Dividends

ESMV vs. TEXN - Dividend Comparison

ESMV's dividend yield for the trailing twelve months is around 1.51%, more than TEXN's 1.41% yield.

Position	TTM	2025	2024	2023	2022	2021
ESMV iShares ESG MSCI USA Min Vol Factor ETF	1.51%	1.56%	1.71%	1.75%	1.66%	0.24%
TEXN iShares Texas Equity ETF	1.41%	0.86%	0.00%	0.00%	0.00%	0.00%

Frequently Asked Questions

Can I hold both ESMV and TEXN in my portfolio?

ESMV and TEXN have a correlation of 0.38, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, ESMV or TEXN?

TEXN has higher volatility (3.97%) compared to ESMV (2.52%). In terms of maximum drawdown, ESMV dropped -19.77% vs TEXN's -6.48%.

Which ETF is better, ESMV or TEXN?

On 1-year performance, TEXN leads with 27.36% vs 8.50% for ESMV. On fees, ESMV is cheaper at 0.18% per year. On volatility, ESMV has been the lower-risk option at 2.52%. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF has performed better, ESMV or TEXN?

Over the 1-year period, TEXN has performed better with a 27.36% return vs 8.50%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, ESMV or TEXN?

ESMV is cheaper with a 0.18% expense ratio, compared with 0.20% for TEXN.

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

ESMV has the higher dividend yield at 1.51%, compared with 1.41% for TEXN.

What is the main difference between ESMV and TEXN?

ESMV tracks MSCI USA Minimum Volatility Extended ESG Reduced Carbon Target Index - Benchmark TR Gross, while TEXN tracks Russell Texas Equity Index. Their fees differ too: 0.18% for ESMV and 0.20% for TEXN.

Which has better risk-adjusted returns?

TEXN currently has the higher Sharpe Ratio (1.89 vs 0.85), 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.