MSLC vs. TEXN
MSLC (Morgan Stanley Pathway Large Cap Equity ETF) and TEXN (iShares Texas Equity ETF) are both Large Cap Blend Equities funds. MSLC is actively managed, while TEXN is passively managed. Over the past year, MSLC returned 19.11% vs 30.05% for TEXN. A 0.57 correlation means they provide meaningful diversification when combined. MSLC charges 0.39%/yr vs 0.20%/yr for TEXN.
Performance
MSLC vs. TEXN - Performance Comparison
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Returns By Period
In the year-to-date period, MSLC achieves a 6.31% return, which is significantly lower than TEXN's 20.05% return.
MSLC
- 1D
- -1.16%
- 1M
- -1.23%
- YTD
- 6.31%
- 6M
- 5.41%
- 1Y
- 19.11%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
TEXN
- 1D
- -1.33%
- 1M
- -2.29%
- YTD
- 20.05%
- 6M
- 18.60%
- 1Y
- 30.05%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
MSLC vs. TEXN - Yearly Performance Comparison
| 2026 (YTD) | 2025 | |
|---|---|---|
MSLC Morgan Stanley Pathway Large Cap Equity ETF | 6.31% | 12.05% |
TEXN iShares Texas Equity ETF | 20.05% | 8.33% |
Correlation
The correlation between MSLC and TEXN is 0.57, 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 24, 2025 | 0.57 |
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Return for Risk
MSLC vs. TEXN — Risk / Return Rank
MSLC
TEXN
Risk / return metrics aren't available yet — we need at least 12 months of trading data to calculate them.
MSLC vs. TEXN - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Morgan Stanley Pathway Large Cap Equity ETF (MSLC) 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.
| MSLC | TEXN | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | — | — | |
| Sortino ratioReturn per unit of downside risk | — | — | |
| Omega ratioGain probability vs. loss probability | 1.28 | — | — |
| Calmar ratioReturn relative to maximum drawdown | 2.06 | — | — |
| Martin ratioReturn relative to average drawdown | 8.83 | — | — |
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Drawdowns
MSLC vs. TEXN - Drawdown Comparison
The maximum MSLC drawdown since its inception was -17.86%, which is greater than TEXN's maximum drawdown of -6.34%. Use the drawdown chart below to compare losses from any high point for MSLC and TEXN.
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Drawdown Indicators
| MSLC | TEXN | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -17.86% | -6.34% | -11.52% |
Max Drawdown (1Y)Largest decline over 1 year | -9.31% | -6.34% | -2.97% |
Current DrawdownCurrent decline from peak | -2.87% | -4.90% | +2.03% |
Average DrawdownAverage peak-to-trough decline | -2.44% | -1.24% | -1.20% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.17% | — | — |
Volatility
MSLC vs. TEXN - Volatility Comparison
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Volatility by Period
| MSLC | TEXN | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 4.59% | — | — |
Volatility (6M)Calculated over the trailing 6-month period | 9.66% | — | — |
Volatility (1Y)Calculated over the trailing 1-year period | 12.33% | 14.50% | -2.17% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 17.15% | 14.50% | +2.65% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 17.15% | 14.50% | +2.65% |
MSLC vs. TEXN - Expense Ratio Comparison
MSLC has a 0.39% expense ratio, which is higher than TEXN's 0.20% expense ratio.
Dividends
MSLC vs. TEXN - Dividend Comparison
MSLC's dividend yield for the trailing twelve months is around 2.02%, more than TEXN's 1.40% yield.
| Position | TTM | 2025 |
|---|---|---|
MSLC Morgan Stanley Pathway Large Cap Equity ETF | 2.02% | 2.15% |
TEXN iShares Texas Equity ETF | 1.40% | 0.86% |
Frequently Asked Questions
MSLC and TEXN have a correlation of 0.57, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On 1-year performance, TEXN leads with 30.05% vs 19.11% for MSLC. 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.
Over the 1-year period, TEXN has performed better with a 30.05% return vs 19.11%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.
TEXN is cheaper with a 0.20% expense ratio, compared with 0.39% for MSLC.
MSLC has the higher dividend yield at 2.02%, compared with 1.40% for TEXN.
They also come from different issuers: Morgan Stanley and iShares. Their fees differ too: 0.39% for MSLC and 0.20% for TEXN.
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