LCDS vs. TEXN

Last updated Aug 4, 2026

LCDS (JPMorgan Fundamental Data Science Large Core ETF) and TEXN (iShares Texas Equity ETF) are both Large Cap Blend Equities funds. LCDS is actively managed, while TEXN is passively managed. Over the past year, LCDS returned 24.01% vs 28.23% for TEXN. Their 0.59 correlation means they have sometimes moved together and sometimes differently. LCDS charges 0.30%/yr vs 0.20%/yr for TEXN.

Performance

LCDS vs. TEXN - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in JPMorgan Fundamental Data Science Large Core ETF (LCDS) 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, LCDS achieves a 12.22% return, which is significantly lower than TEXN's 19.32% return.

LCDS

• 1D: 1.20%
• 1M: 2.85%
• 6M: 9.62%
• YTD: 12.22%
• 1Y: 24.01%
• 3Y*: —
• 5Y*: —
• 10Y*: —
• ALL TIME*: 20.86%

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)
LCDS JPMorgan Fundamental Data Science Large Core ETF	$65.20K	$37.04K	$19.92K
TEXN iShares Texas Equity ETF	$55.30K	$58.46K	$79.49K

LCDS vs. TEXN - Yearly Performance Comparison

	2026 (YTD)	2025
LCDS JPMorgan Fundamental Data Science Large Core ETF	12.22%	14.25%
TEXN iShares Texas Equity ETF	19.32%	8.33%

Correlation

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

Return for Risk

LCDS vs. TEXN — Risk / Return Rank

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

LCDS

LCDS Risk / Return Rank: 75
LCDS Sharpe Ratio Rank: 77
LCDS Sortino Ratio Rank: 75
LCDS Omega Ratio Rank: 75
LCDS Calmar Ratio Rank: 69
LCDS Martin Ratio Rank: 79

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.

LCDS vs. TEXN - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for JPMorgan Fundamental Data Science Large Core ETF (LCDS) 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.

	LCDS	TEXN	Difference
Sharpe ratio: Return per unit of total volatility	1.94	1.92	+0.01
Sortino ratio: Return per unit of downside risk	2.67	2.73	-0.06
Omega ratio: Gain probability vs. loss probability	1.34	1.34	+0.01
Calmar ratio: Return relative to maximum drawdown	2.67	3.22	-0.55
Martin ratio: Return relative to average drawdown	11.34	10.99	+0.35

LCDS vs. TEXN - Sharpe Ratio Comparison

The current LCDS Sharpe Ratio is 1.94, which is comparable to the TEXN Sharpe Ratio of 1.92. The chart below compares the historical Sharpe Ratios of LCDS 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

LCDS vs. TEXN - Drawdown Comparison

The maximum LCDS drawdown since its inception was -18.39%, which is greater than TEXN's maximum drawdown of -8.81%. Use the drawdown chart below to compare losses from any high point for LCDS and TEXN.

Drawdown Indicators

	LCDS	TEXN	Difference
Max Drawdown Largest peak-to-trough decline	-18.39%	-8.81%	-9.58%
Max Drawdown (1Y) Largest decline over 1 year	-9.03%	-8.81%	-0.22%
Current Drawdown Current decline from peak	0.00%	-5.48%	+5.48%
Average Drawdown Average peak-to-trough decline	-2.13%	-1.68%	-0.45%
Ulcer Index Depth and duration of drawdowns from previous peaks	2.12%	2.57%	-0.45%

Volatility

LCDS vs. TEXN - Volatility Comparison

The current volatility for JPMorgan Fundamental Data Science Large Core ETF (LCDS) is 3.66%, while iShares Texas Equity ETF (TEXN) has a volatility of 4.24%. This indicates that LCDS 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

	LCDS	TEXN	Difference
Volatility (1M) Calculated over the trailing 1-month period	3.66%	4.24%	-0.58%
Volatility (6M) Calculated over the trailing 6-month period	9.77%	10.49%	-0.72%
Volatility (1Y) Calculated over the trailing 1-year period	12.48%	14.78%	-2.30%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	16.06%	14.58%	+1.48%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	16.06%	14.58%	+1.48%

LCDS vs. TEXN - Expense Ratio Comparison

LCDS has a 0.30% expense ratio, which is higher than TEXN's 0.20% expense ratio.

Dividends

LCDS vs. TEXN - Dividend Comparison

LCDS's dividend yield for the trailing twelve months is around 0.85%, less than TEXN's 1.41% yield.

Position	TTM	2025	2024
LCDS JPMorgan Fundamental Data Science Large Core ETF	0.85%	0.92%	0.48%
TEXN iShares Texas Equity ETF	1.41%	0.86%	0.00%

Frequently Asked Questions

Can I hold both LCDS and TEXN in my portfolio?

LCDS 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, LCDS or TEXN?

TEXN has higher volatility (4.24%) compared to LCDS (3.66%). In terms of maximum drawdown, LCDS dropped -18.39% vs TEXN's -8.81%.

Which ETF is better, LCDS or TEXN?

On 1-year performance, TEXN leads with 28.23% vs 24.01% for LCDS. On fees, TEXN is cheaper at 0.20% per year. On volatility, LCDS has been the lower-risk option at 3.66%. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF has performed better, LCDS or TEXN?

Over the 1-year period, TEXN has performed better with a 28.23% return vs 24.01%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, LCDS or TEXN?

TEXN is cheaper with a 0.20% expense ratio, compared with 0.30% for LCDS.

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

TEXN has the higher dividend yield at 1.41%, compared with 0.85% for LCDS.

What is the main difference between LCDS and TEXN?

They also come from different issuers: JPMorgan and iShares. Their fees differ too: 0.30% for LCDS and 0.20% for TEXN.

Which has better risk-adjusted returns?

LCDS currently has the higher Sharpe Ratio (1.94 vs 1.92), 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.