FTCE vs. TEXN

Last updated Jun 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. A 0.55 correlation means they provide meaningful diversification when combined. 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 13.44% return, which is significantly lower than TEXN's 25.94% return.

FTCE

• 1D: -1.09%
• 1M: 9.77%
• YTD: 13.44%
• 6M: 13.40%
• 1Y: 34.82%
• 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)

FTCE vs. TEXN - Yearly Performance Comparison

	2026 (YTD)	2025
FTCE First Trust New Constructs Core Earnings Leaders ETF	13.44%	15.10%
TEXN iShares Texas Equity ETF	25.94%	8.16%

Correlation

The correlation between FTCE and TEXN is 0.55, 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	0.55

FTCE vs. TEXN - Sectors Allocation Comparison

Sectors	FTCE	TEXN
Technology	21.8%	15.5%
Industrials	15.8%	16.9%
Financial Services	14.9%	4.1%
Healthcare	10.9%	2.9%
Utilities	7.9%	2.9%
Real Estate	6.9%	4.2%
Consumer Cyclical	5.9%	10.8%
Energy	5.0%	36.1%
Basic Materials	4.0%	0.8%
Consumer Defensive	4.0%	2.1%
Communication Services	2.0%	3.6%

Return for Risk

FTCE vs. TEXN — Risk / Return Rank

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

FTCE

FTCE Risk / Return Rank: 77
FTCE Sharpe Ratio Rank: 83
FTCE Sortino Ratio Rank: 82
FTCE Omega Ratio Rank: 80
FTCE Calmar Ratio Rank: 70
FTCE Martin Ratio Rank: 72

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.

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.

	FTCE	TEXN	Difference
Sharpe ratio: Return per unit of total volatility	2.68	—	—
Sortino ratio: Return per unit of downside risk	3.65	—	—
Omega ratio: Gain probability vs. loss probability	1.47	—	—
Calmar ratio: Return relative to maximum drawdown	3.44	—	—
Martin ratio: Return relative to average drawdown	13.21	—	—
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

	FTCE	TEXN	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	2.68	—	—
Sharpe Ratio (All Time) Calculated using the full available price history	1.45	2.75	-1.30

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 -6.34%. 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%	-6.34%	-11.77%
Max Drawdown (1Y) Largest decline over 1 year	-10.16%	—	—
Current Drawdown Current decline from peak	-1.09%	-0.24%	-0.85%
Average Drawdown Average peak-to-trough decline	-2.50%	-1.12%	-1.38%
Ulcer Index Depth and duration of drawdowns from previous peaks	2.64%	—	—

Volatility

Volatility by Period

	FTCE	TEXN	Difference
Volatility (1M) Calculated over the trailing 1-month period	3.63%	—	—
Volatility (6M) Calculated over the trailing 6-month period	10.21%	—	—
Volatility (1Y) Calculated over the trailing 1-year period	13.09%	14.19%	-1.10%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	16.76%	14.19%	+2.57%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	16.76%	14.19%	+2.57%

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 0.80%, less than TEXN's 1.01% yield.

Position	TTM	2025	2024
FTCE First Trust New Constructs Core Earnings Leaders ETF	0.80%	0.96%	0.28%
TEXN iShares Texas Equity ETF	1.01%	0.86%	0.00%

Frequently Asked Questions

Can I hold both FTCE and TEXN in my portfolio?

FTCE and TEXN have a correlation of 0.55, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which ETF is better, FTCE 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, 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 1.01%, compared with 0.80% 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.