FMCE vs. TEXN
FMCE (FM Compounders Equity ETF) and TEXN (iShares Texas Equity ETF) are both Large Cap Blend Equities funds. FMCE is actively managed, while TEXN is passively managed. Over the past year, FMCE returned 12.07% vs 30.05% for TEXN. A 0.51 correlation means they provide meaningful diversification when combined. FMCE charges 0.72%/yr vs 0.20%/yr for TEXN.
Performance
FMCE vs. TEXN - Performance Comparison
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Returns By Period
In the year-to-date period, FMCE achieves a 6.86% return, which is significantly lower than TEXN's 20.05% return.
FMCE
- 1D
- -1.15%
- 1M
- -0.09%
- YTD
- 6.86%
- 6M
- 6.05%
- 1Y
- 12.07%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
TEXN
- 1D
- -1.33%
- 1M
- -2.29%
- YTD
- 20.05%
- 6M
- 18.60%
- 1Y
- 30.05%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
FMCE vs. TEXN - Yearly Performance Comparison
| 2026 (YTD) | 2025 | |
|---|---|---|
FMCE FM Compounders Equity ETF | 6.86% | 4.88% |
TEXN iShares Texas Equity ETF | 20.05% | 8.33% |
Correlation
The correlation between FMCE and TEXN is 0.51, 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 24, 2025 | 0.51 |
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Return for Risk
FMCE vs. TEXN — Risk / Return Rank
FMCE
TEXN
Risk / return metrics aren't available yet — we need at least 12 months of trading data to calculate them.
FMCE vs. TEXN - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for FM Compounders Equity ETF (FMCE) 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.
| FMCE | TEXN | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | — | — | |
| Sortino ratioReturn per unit of downside risk | — | — | |
| Omega ratioGain probability vs. loss probability | 1.17 | — | — |
| Calmar ratioReturn relative to maximum drawdown | 1.13 | — | — |
| Martin ratioReturn relative to average drawdown | 3.94 | — | — |
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Drawdowns
FMCE vs. TEXN - Drawdown Comparison
The maximum FMCE drawdown since its inception was -11.69%, which is greater than TEXN's maximum drawdown of -6.34%. Use the drawdown chart below to compare losses from any high point for FMCE and TEXN.
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Drawdown Indicators
| FMCE | TEXN | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -11.69% | -6.34% | -5.35% |
Max Drawdown (1Y)Largest decline over 1 year | -10.77% | -6.34% | -4.43% |
Current DrawdownCurrent decline from peak | -1.49% | -4.90% | +3.41% |
Average DrawdownAverage peak-to-trough decline | -2.37% | -1.24% | -1.13% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 3.07% | — | — |
Volatility
FMCE vs. TEXN - Volatility Comparison
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Volatility by Period
| FMCE | TEXN | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 4.20% | — | — |
Volatility (6M)Calculated over the trailing 6-month period | 10.17% | — | — |
Volatility (1Y)Calculated over the trailing 1-year period | 12.73% | 14.50% | -1.77% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 14.39% | 14.50% | -0.11% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 14.39% | 14.50% | -0.11% |
FMCE vs. TEXN - Expense Ratio Comparison
FMCE has a 0.72% expense ratio, which is higher than TEXN's 0.20% expense ratio.
Dividends
FMCE vs. TEXN - Dividend Comparison
FMCE's dividend yield for the trailing twelve months is around 2.99%, more than TEXN's 1.40% yield.
| Position | TTM | 2025 | 2024 |
|---|---|---|---|
FMCE FM Compounders Equity ETF | 2.99% | 3.20% | 0.22% |
TEXN iShares Texas Equity ETF | 1.40% | 0.86% | 0.00% |
Frequently Asked Questions
FMCE and TEXN have a correlation of 0.51, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On 1-year performance, TEXN leads with 30.05% vs 12.07% for FMCE. 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.
Over the 1-year period, TEXN has performed better with a 30.05% return vs 12.07%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.
TEXN is cheaper with a 0.20% expense ratio, compared with 0.72% for FMCE.
FMCE has the higher dividend yield at 2.99%, compared with 1.40% for TEXN.
They also come from different issuers: First Manhattan and iShares. Their fees differ too: 0.72% for FMCE and 0.20% for TEXN.
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