FTCE vs. TEXN

Last updated Aug 4, 2026

FTCE (First Trust New Constructs Core Earnings Leaders ETF) and TEXN (iShares Texas Equity ETF) are both Large Cap Blend Equities funds - FTCE tracks the Bloomberg New Constructs Core Earnings Leaders Index while TEXN tracks the Russell Texas Equity Index. Both are passively managed. Over the past year, FTCE returned 24.40% vs 28.23% for TEXN. Their 0.54 correlation means they have sometimes moved together and sometimes differently. FTCE charges 0.60%/yr vs 0.20%/yr for TEXN.

Performance

FTCE vs. TEXN - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in First Trust New Constructs Core Earnings Leaders ETF (FTCE) 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, FTCE achieves a 9.47% return, which is significantly lower than TEXN's 19.32% return.

FTCE

• 1D: 0.16%
• 1M: -0.33%
• 6M: 6.88%
• YTD: 9.47%
• 1Y: 24.40%
• 3Y*: —
• 5Y*: —
• 10Y*: —
• ALL TIME*: 19.25%

TEXN

• 1D: 1.07%
• 1M: 1.08%
• 6M: 12.08%
• YTD: 19.32%
• 1Y: 28.23%
• 3Y*: —
• 5Y*: —
• 10Y*: —
• ALL TIME*: 26.05%

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

Liquidity Comparison

Position	Avg. Volume Value (2W)	Avg. Volume Value (1M)	Avg. Volume Value (3M)
FTCE First Trust New Constructs Core Earnings Leaders ETF	$145.13K	$168.42K	$261.53K
TEXN iShares Texas Equity ETF	$55.30K	$58.46K	$79.49K

FTCE vs. TEXN - Yearly Performance Comparison

	2026 (YTD)	2025
FTCE First Trust New Constructs Core Earnings Leaders ETF	9.47%	16.77%
TEXN iShares Texas Equity ETF	19.32%	8.33%

Correlation

The correlation between FTCE and TEXN is 0.53, which is moderate. They have sometimes moved together and sometimes differently, sharing some price drivers without tracking each other closely.

	Correlation
Correlation (1Y) Focuses on recent behavior, but can change the most.	0.53
Correlation (All Time) Calculated using the full available price history since Jun 24, 2025	0.54

The correlation between FTCE and TEXN has been stable across timeframes, ranging from 0.53 to 0.54 - a consistent structural relationship.

FTCE vs. TEXN - Sectors Allocation Comparison

Sectors	FTCE	TEXN
Technology	36.3%	16.2%
Consumer Cyclical	12.2%	9.9%
Financial Services	11.6%	4.4%
Healthcare	9.8%	3.2%
Industrials	8.9%	16.4%
Communication Services	7.4%	3.4%
Consumer Defensive	4.3%	2.2%
Energy	3.4%	36.3%
Utilities	2.2%	2.8%
Real Estate	2.0%	4.1%
Basic Materials	1.9%	0.9%

Return for Risk

FTCE vs. TEXN — Risk / Return Rank

Compare historical risk-adjusted metric ranks over the past 12 months.

FTCE

FTCE Risk / Return Rank: 65
FTCE Sharpe Ratio Rank: 70
FTCE Sortino Ratio Rank: 69
FTCE Omega Ratio Rank: 68
FTCE Calmar Ratio Rank: 62
FTCE Martin Ratio Rank: 57

TEXN

TEXN Risk / Return Rank: 79
TEXN Sharpe Ratio Rank: 78
TEXN Sortino Ratio Rank: 79
TEXN Omega Ratio Rank: 76
TEXN Calmar Ratio Rank: 82
TEXN Martin Ratio Rank: 79

The rank (0–100) uses a weighted average of the Sharpe, Sortino, Omega, Calmar, and Martin percentile ranks for the trailing 12 months. Higher means stronger historical risk-adjusted performance within the peer group.

FTCE vs. TEXN - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for First Trust New Constructs Core Earnings Leaders ETF (FTCE) 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.

	FTCE	TEXN	Difference
Sharpe ratio: Return per unit of total volatility	1.78	1.92	-0.14
Sortino ratio: Return per unit of downside risk	2.48	2.73	-0.25
Omega ratio: Gain probability vs. loss probability	1.32	1.34	-0.02
Calmar ratio: Return relative to maximum drawdown	2.41	3.22	-0.80
Martin ratio: Return relative to average drawdown	7.53	10.99	-3.46

FTCE vs. TEXN - Sharpe Ratio Comparison

The current FTCE Sharpe Ratio is 1.78, which is comparable to the TEXN Sharpe Ratio of 1.92. The chart below compares the historical Sharpe Ratios of FTCE 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

FTCE vs. TEXN - Drawdown Comparison

The maximum FTCE drawdown since its inception was -18.11%, which is greater than TEXN's maximum drawdown of -8.81%. Use the drawdown chart below to compare losses from any high point for FTCE and TEXN.

Drawdown Indicators

	FTCE	TEXN	Difference
Max Drawdown Largest peak-to-trough decline	-18.11%	-8.81%	-9.30%
Max Drawdown (1Y) Largest decline over 1 year	-10.16%	-8.81%	-1.35%
Current Drawdown Current decline from peak	-4.56%	-5.48%	+0.92%
Average Drawdown Average peak-to-trough decline	-2.69%	-1.68%	-1.01%
Ulcer Index Depth and duration of drawdowns from previous peaks	3.25%	2.57%	+0.68%

Volatility

FTCE vs. TEXN - Volatility Comparison

The current volatility for First Trust New Constructs Core Earnings Leaders ETF (FTCE) is 3.32%, while iShares Texas Equity ETF (TEXN) has a volatility of 4.24%. This indicates that FTCE 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

	FTCE	TEXN	Difference
Volatility (1M) Calculated over the trailing 1-month period	3.32%	4.24%	-0.92%
Volatility (6M) Calculated over the trailing 6-month period	11.07%	10.49%	+0.58%
Volatility (1Y) Calculated over the trailing 1-year period	13.77%	14.78%	-1.01%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	16.57%	14.58%	+1.99%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	16.57%	14.58%	+1.99%

FTCE vs. TEXN - Expense Ratio Comparison

FTCE has a 0.60% expense ratio, which is higher than TEXN's 0.20% expense ratio.

Dividends

FTCE vs. TEXN - Dividend Comparison

FTCE's dividend yield for the trailing twelve months is around 0.66%, less than TEXN's 1.41% yield.

Position	TTM	2025	2024
FTCE First Trust New Constructs Core Earnings Leaders ETF	0.66%	0.96%	0.28%
TEXN iShares Texas Equity ETF	1.41%	0.86%	0.00%

Frequently Asked Questions

Can I hold both FTCE and TEXN in my portfolio?

FTCE 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 is riskier, FTCE or TEXN?

TEXN has higher volatility (4.24%) compared to FTCE (3.32%). In terms of maximum drawdown, FTCE dropped -18.11% vs TEXN's -8.81%.

Which ETF is better, FTCE or TEXN?

On 1-year performance, TEXN leads with 28.23% vs 24.40% for FTCE. On fees, TEXN is cheaper at 0.20% per year. On volatility, FTCE has been the lower-risk option at 3.32%. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF has performed better, FTCE or TEXN?

Over the 1-year period, TEXN has performed better with a 28.23% return vs 24.40%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, FTCE or TEXN?

TEXN is cheaper with a 0.20% expense ratio, compared with 0.60% for FTCE.

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

TEXN has the higher dividend yield at 1.41%, compared with 0.66% for FTCE.

What is the main difference between FTCE and TEXN?

FTCE tracks Bloomberg New Constructs Core Earnings Leaders Index, while TEXN tracks Russell Texas Equity Index. They also come from different issuers: First Trust and iShares. Their fees differ too: 0.60% for FTCE and 0.20% for TEXN.

Which has better risk-adjusted returns?

TEXN currently has the higher Sharpe Ratio (1.92 vs 1.78), 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.