LGH vs. TEXN

Last updated Apr 2, 2026

Compare and contrast key facts about HCM Defender 500 Index ETF (LGH) and iShares Texas Equity ETF (TEXN).

LGH and TEXN are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. LGH is a passively managed fund by Howard Capital Management that tracks the performance of the HCM Defender 500 Index. It was launched on Oct 10, 2019. TEXN is a passively managed fund by iShares that tracks the performance of the Russell Texas Equity Index. It was launched on Jun 23, 2025. Both LGH and TEXN are passive ETFs, meaning that they are not actively managed but aim to replicate the performance of the underlying index as closely as possible.

Performance

LGH vs. TEXN - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in HCM Defender 500 Index ETF (LGH) and iShares Texas Equity ETF (TEXN). The values are adjusted to include any dividend payments, if applicable.

LGH vs. TEXN - Yearly Performance Comparison

	2026 (YTD)	2025
LGH HCM Defender 500 Index ETF	-7.73%	17.26%
TEXN iShares Texas Equity ETF	11.72%	8.16%

Returns By Period

In the year-to-date period, LGH achieves a -7.73% return, which is significantly lower than TEXN's 11.72% return.

LGH

• 1D: 0.39%
• 1M: -7.16%
• YTD: -7.73%
• 6M: -5.48%
• 1Y: 18.42%
• 3Y*: 18.20%
• 5Y*: 10.08%
• 10Y*: —

TEXN

• 1D: -0.84%
• 1M: -1.07%
• YTD: 11.72%
• 6M: 8.92%
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —

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

LGH vs. TEXN - Expense Ratio Comparison

LGH has a 1.23% expense ratio, which is higher than TEXN's 0.20% expense ratio.

LGH

HCM Defender 500 Index ETF

TEXN

iShares Texas Equity ETF

Return for Risk

LGH vs. TEXN — Risk / Return Rank

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

LGH

LGH Risk / Return Rank: 54
LGH Sharpe Ratio Rank: 55
LGH Sortino Ratio Rank: 53
LGH Omega Ratio Rank: 48
LGH Calmar Ratio Rank: 61
LGH Martin Ratio Rank: 56

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.

LGH vs. TEXN - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for HCM Defender 500 Index ETF (LGH) 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.

	LGH	TEXN	Difference
Sharpe ratio Return per unit of total volatility	1.03	—	—
Sortino ratio Return per unit of downside risk	1.45	—	—
Omega ratio Gain probability vs. loss probability	1.19	—	—
Calmar ratio Return relative to maximum drawdown	1.67	—	—
Martin ratio Return relative to average drawdown	5.79	—	—
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

	LGH	TEXN	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	1.03	—	—
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	0.61	—	—
Sharpe Ratio (All Time) Calculated using the full available price history	0.70	1.89	-1.18

Correlation

The correlation between LGH and TEXN is 0.59, which is considered to be moderate. This suggests that the two assets have some degree of positive relationship in their price movements. Moderate correlation can be acceptable for portfolio diversification, offering a balance between risk and potential returns.

Dividends

LGH vs. TEXN - Dividend Comparison

LGH's dividend yield for the trailing twelve months is around 0.42%, less than TEXN's 1.14% yield.

	TTM	2025	2024	2023	2022	2021	2020	2019
LGH HCM Defender 500 Index ETF	0.42%	0.38%	0.40%	0.63%	0.61%	0.14%	0.23%	0.01%
TEXN iShares Texas Equity ETF	1.14%	0.86%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%

Drawdowns

LGH vs. TEXN - Drawdown Comparison

The maximum LGH drawdown since its inception was -29.60%, which is greater than TEXN's maximum drawdown of -6.34%. Use the drawdown chart below to compare losses from any high point for LGH and TEXN.

Drawdown Indicators

	LGH	TEXN	Difference
Max Drawdown Largest peak-to-trough decline	-29.60%	-6.34%	-23.26%
Max Drawdown (1Y) Largest decline over 1 year	-11.29%	—	—
Max Drawdown (5Y) Largest decline over 5 years	-29.38%	—	—
Current Drawdown Current decline from peak	-9.85%	-1.37%	-8.48%
Average Drawdown Average peak-to-trough decline	-9.57%	-1.27%	-8.30%
Ulcer Index Depth and duration of drawdowns from previous peaks	3.26%	—	—

Volatility

Volatility by Period

	LGH	TEXN	Difference
Volatility (1M) Calculated over the trailing 1-month period	5.12%	—	—
Volatility (6M) Calculated over the trailing 6-month period	12.56%	—	—
Volatility (1Y) Calculated over the trailing 1-year period	18.03%	14.82%	+3.21%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	16.68%	14.82%	+1.86%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	19.94%	14.82%	+5.12%