FEAC vs. TEXN
FEAC (Fidelity Enhanced U.S. All-Cap Equity ETF) and TEXN (iShares Texas Equity ETF) are both Large Cap Blend Equities funds. FEAC is actively managed, while TEXN is passively managed. A 0.58 correlation means they provide meaningful diversification when combined. FEAC charges 0.18%/yr vs 0.20%/yr for TEXN.
Performance
FEAC vs. TEXN - Performance Comparison
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Returns By Period
In the year-to-date period, FEAC achieves a 12.42% return, which is significantly lower than TEXN's 25.94% return.
FEAC
- 1D
- -0.54%
- 1M
- 6.25%
- YTD
- 12.42%
- 6M
- 13.00%
- 1Y
- 30.36%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
TEXN
- 1D
- -0.24%
- 1M
- 5.35%
- YTD
- 25.94%
- 6M
- 24.41%
- 1Y
- —
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
FEAC vs. TEXN - Yearly Performance Comparison
| 2026 (YTD) | 2025 | |
|---|---|---|
FEAC Fidelity Enhanced U.S. All-Cap Equity ETF | 12.42% | 13.23% |
TEXN iShares Texas Equity ETF | 25.94% | 8.16% |
Correlation
The correlation between FEAC and TEXN is 0.58, 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 | 0.58 |
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Return for Risk
FEAC vs. TEXN — Risk / Return Rank
FEAC
TEXN
FEAC vs. TEXN - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Fidelity Enhanced U.S. All-Cap Equity ETF (FEAC) 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.
| FEAC | TEXN | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | — | — | |
| Sortino ratioReturn per unit of downside risk | — | — | |
| Omega ratioGain probability vs. loss probability | 1.43 | — | — |
| Calmar ratioReturn relative to maximum drawdown | 3.74 | — | — |
| Martin ratioReturn relative to average drawdown | 16.36 | — | — |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
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Sharpe Ratios by Period
| FEAC | TEXN | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 2.44 | — | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 1.10 | 2.75 | -1.65 |
Drawdowns
FEAC vs. TEXN - Drawdown Comparison
The maximum FEAC drawdown since its inception was -18.96%, which is greater than TEXN's maximum drawdown of -6.34%. Use the drawdown chart below to compare losses from any high point for FEAC and TEXN.
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Drawdown Indicators
| FEAC | TEXN | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -18.96% | -6.34% | -12.62% |
Max Drawdown (1Y)Largest decline over 1 year | -8.15% | — | — |
Current DrawdownCurrent decline from peak | -0.54% | -0.24% | -0.30% |
Average DrawdownAverage peak-to-trough decline | -2.55% | -1.12% | -1.43% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.86% | — | — |
Volatility
FEAC vs. TEXN - Volatility Comparison
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Volatility by Period
| FEAC | TEXN | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 3.10% | — | — |
Volatility (6M)Calculated over the trailing 6-month period | 9.15% | — | — |
Volatility (1Y)Calculated over the trailing 1-year period | 12.51% | 14.19% | -1.68% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 17.50% | 14.19% | +3.31% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 17.50% | 14.19% | +3.31% |
FEAC vs. TEXN - Expense Ratio Comparison
FEAC 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
FEAC vs. TEXN - Dividend Comparison
FEAC's dividend yield for the trailing twelve months is around 0.85%, less than TEXN's 1.01% yield.
| Position | TTM | 2025 | 2024 |
|---|---|---|---|
FEAC Fidelity Enhanced U.S. All-Cap Equity ETF | 0.85% | 0.94% | 0.12% |
TEXN iShares Texas Equity ETF | 1.01% | 0.86% | 0.00% |
Frequently Asked Questions
FEAC and TEXN have a correlation of 0.58, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, FEAC is cheaper at 0.18% per year. The better choice depends on whether you care most about return, fees, risk, or income.
FEAC is cheaper with a 0.18% expense ratio, compared with 0.20% for TEXN.
TEXN has the higher dividend yield at 1.01%, compared with 0.85% for FEAC.
They also come from different issuers: Fidelity and iShares. Their fees differ too: 0.18% for FEAC and 0.20% for TEXN.
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