JUSA vs. TEXN

Last updated Aug 2, 2026

JUSA (JPMorgan U.S. Research Enhanced Large Cap ETF) and TEXN (iShares Texas Equity ETF) are both Large Cap Blend Equities funds. JUSA is actively managed, while TEXN is passively managed. Over the past year, JUSA returned 20.83% vs 26.88% for TEXN. Their 0.59 correlation means they have sometimes moved together and sometimes differently. Both charge a 0.20% expense ratio.

Performance

JUSA vs. TEXN - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in JPMorgan U.S. Research Enhanced Large Cap ETF (JUSA) 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, JUSA achieves a 9.88% return, which is significantly lower than TEXN's 18.06% return.

JUSA

• 1D: 0.73%
• 1M: 0.79%
• 6M: 8.34%
• YTD: 9.88%
• 1Y: 20.83%
• 3Y*: —
• 5Y*: —
• 10Y*: —
• ALL TIME*: 23.88%

TEXN

• 1D: 0.65%
• 1M: 0.01%
• 6M: 10.53%
• YTD: 18.06%
• 1Y: 26.88%
• 3Y*: —
• 5Y*: —
• 10Y*: —
• ALL TIME*: 25.05%

*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)
JUSA JPMorgan U.S. Research Enhanced Large Cap ETF	$26.01M	$13.36M	$11.16M
TEXN iShares Texas Equity ETF	$50.79K	$59.93K	$77.64K

JUSA vs. TEXN - Yearly Performance Comparison

	2026 (YTD)	2025
JUSA JPMorgan U.S. Research Enhanced Large Cap ETF	9.88%	14.02%
TEXN iShares Texas Equity ETF	18.06%	8.33%

Correlation

The correlation between JUSA and TEXN is 0.60, 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.	0.60
Correlation (All Time) Calculated using the full available price history since Jun 24, 2025	0.59

The correlation between JUSA and TEXN has been stable across timeframes, ranging from 0.59 to 0.60 - a consistent structural relationship.

JUSA vs. TEXN - Sectors Allocation Comparison

Sectors	JUSA	TEXN
Technology	38.4%	16.2%
Financial Services	11.5%	4.4%
Consumer Cyclical	10.3%	9.9%
Communication Services	9.8%	3.4%
Healthcare	8.9%	3.2%
Industrials	8.6%	16.4%
Consumer Defensive	3.9%	2.2%
Energy	2.9%	36.3%
Utilities	2.2%	2.8%
Real Estate	1.8%	4.1%
Basic Materials	1.8%	0.9%

Return for Risk

JUSA vs. TEXN — Risk / Return Rank

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

JUSA

JUSA Risk / Return Rank: 64
JUSA Sharpe Ratio Rank: 64
JUSA Sortino Ratio Rank: 62
JUSA Omega Ratio Rank: 62
JUSA Calmar Ratio Rank: 60
JUSA Martin Ratio Rank: 73

TEXN

TEXN Risk / Return Rank: 75
TEXN Sharpe Ratio Rank: 74
TEXN Sortino Ratio Rank: 75
TEXN Omega Ratio Rank: 71
TEXN Calmar Ratio Rank: 79
TEXN Martin Ratio Rank: 77

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.

JUSA vs. TEXN - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for JPMorgan U.S. Research Enhanced Large Cap ETF (JUSA) 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.

	JUSA	TEXN	Difference
Sharpe ratio: Return per unit of total volatility	1.49	1.69	-0.20
Sortino ratio: Return per unit of downside risk	2.10	2.42	-0.32
Omega ratio: Gain probability vs. loss probability	1.27	1.30	-0.03
Calmar ratio: Return relative to maximum drawdown	2.13	2.84	-0.71
Martin ratio: Return relative to average drawdown	9.13	9.79	-0.66

JUSA vs. TEXN - Sharpe Ratio Comparison

The current JUSA Sharpe Ratio is 1.49, which is comparable to the TEXN Sharpe Ratio of 1.69. The chart below compares the historical Sharpe Ratios of JUSA 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

JUSA vs. TEXN - Drawdown Comparison

The maximum JUSA drawdown since its inception was -14.02%, which is greater than TEXN's maximum drawdown of -8.81%. Use the drawdown chart below to compare losses from any high point for JUSA and TEXN.

Drawdown Indicators

	JUSA	TEXN	Difference
Max Drawdown Largest peak-to-trough decline	-14.02%	-8.81%	-5.21%
Max Drawdown (1Y) Largest decline over 1 year	-8.93%	-8.81%	-0.12%
Current Drawdown Current decline from peak	-0.83%	-6.47%	+5.64%
Average Drawdown Average peak-to-trough decline	-1.54%	-1.67%	+0.13%
Ulcer Index Depth and duration of drawdowns from previous peaks	2.08%	2.55%	-0.47%

Volatility

JUSA vs. TEXN - Volatility Comparison

The current volatility for JPMorgan U.S. Research Enhanced Large Cap ETF (JUSA) is 3.61%, while iShares Texas Equity ETF (TEXN) has a volatility of 4.29%. This indicates that JUSA 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

	JUSA	TEXN	Difference
Volatility (1M) Calculated over the trailing 1-month period	3.61%	4.29%	-0.68%
Volatility (6M) Calculated over the trailing 6-month period	10.00%	10.44%	-0.44%
Volatility (1Y) Calculated over the trailing 1-year period	12.76%	14.85%	-2.09%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	18.28%	14.58%	+3.70%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	18.28%	14.58%	+3.70%

JUSA vs. TEXN - Expense Ratio Comparison

Both JUSA and TEXN have an expense ratio of 0.20%, making them cost-effective options compared to the broader market, where average expense ratios typically range from 0.3% to 0.9%.

Dividends

JUSA vs. TEXN - Dividend Comparison

JUSA's dividend yield for the trailing twelve months is around 0.79%, less than TEXN's 1.43% yield.

Position	TTM	2025
JUSA JPMorgan U.S. Research Enhanced Large Cap ETF	0.79%	0.77%
TEXN iShares Texas Equity ETF	1.43%	0.86%

Frequently Asked Questions

Can I hold both JUSA and TEXN in my portfolio?

JUSA and TEXN have a correlation of 0.60, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, JUSA or TEXN?

TEXN has higher volatility (4.29%) compared to JUSA (3.61%). In terms of maximum drawdown, JUSA dropped -14.02% vs TEXN's -8.81%.

Which ETF is better, JUSA or TEXN?

On 1-year performance, TEXN leads with 26.88% vs 20.83% for JUSA. Both ETFs have the same 0.20% expense ratio. On volatility, JUSA has been the lower-risk option at 3.61%. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF has performed better, JUSA or TEXN?

Over the 1-year period, TEXN has performed better with a 26.88% return vs 20.83%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, JUSA or TEXN?

JUSA and TEXN have the same expense ratio: 0.20% per year.

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

TEXN has the higher dividend yield at 1.43%, compared with 0.79% for JUSA.

What is the main difference between JUSA and TEXN?

They also come from different issuers: JPMorgan and iShares.

Which has better risk-adjusted returns?

TEXN currently has the higher Sharpe Ratio (1.69 vs 1.49), 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.