NXTI vs. TEXN

Last updated Jun 5, 2026

NXTI (Simplify NEXT Intangible Core Index ETF) and TEXN (iShares Texas Equity ETF) are both Large Cap Blend Equities funds - NXTI tracks the NEXT Intangible Core Index while TEXN tracks the Russell Texas Equity Index. Both are passively managed. A 0.54 correlation means they provide meaningful diversification when combined. NXTI charges 0.25%/yr vs 0.20%/yr for TEXN.

Performance

NXTI vs. TEXN - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Simplify NEXT Intangible Core Index ETF (NXTI) 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, NXTI achieves a 8.08% return, which is significantly lower than TEXN's 26.15% return.

NXTI

• 1D: 0.56%
• 1M: 10.44%
• YTD: 8.08%
• 6M: 7.11%
• 1Y: 16.80%
• 3Y*: —
• 5Y*: —
• 10Y*: —

TEXN

• 1D: 0.17%
• 1M: 4.62%
• YTD: 26.15%
• 6M: 23.70%
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —

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

NXTI vs. TEXN - Yearly Performance Comparison

	2026 (YTD)	2025
NXTI Simplify NEXT Intangible Core Index ETF	8.08%	7.04%
TEXN iShares Texas Equity ETF	26.15%	8.16%

Correlation

The correlation between NXTI and TEXN is 0.54, 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	0.54

NXTI vs. TEXN - Sectors Allocation Comparison

Sectors	NXTI	TEXN
Technology	43.3%	15.5%
Financial Services	11.2%	4.1%
Healthcare	9.7%	2.9%
Industrials	9.5%	16.9%
Consumer Defensive	8.2%	2.1%
Consumer Cyclical	5.0%	10.8%
Communication Services	4.7%	3.6%
Energy	3.6%	36.1%
Utilities	2.0%	2.9%
Real Estate	1.5%	4.2%
Basic Materials	0.9%	0.8%

Return for Risk

NXTI vs. TEXN — Risk / Return Rank

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

NXTI

NXTI Risk / Return Rank: 29
NXTI Sharpe Ratio Rank: 33
NXTI Sortino Ratio Rank: 31
NXTI Omega Ratio Rank: 30
NXTI Calmar Ratio Rank: 27
NXTI Martin Ratio Rank: 26

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.

NXTI vs. TEXN - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Simplify NEXT Intangible Core Index ETF (NXTI) 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.

	NXTI	TEXN	Difference
Sharpe ratio: Return per unit of total volatility	1.15	—	—
Sortino ratio: Return per unit of downside risk	1.64	—	—
Omega ratio: Gain probability vs. loss probability	1.20	—	—
Calmar ratio: Return relative to maximum drawdown	1.30	—	—
Martin ratio: Return relative to average drawdown	3.50	—	—
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

	NXTI	TEXN	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	1.15	—	—
Sharpe Ratio (All Time) Calculated using the full available price history	1.15	2.76	-1.60

Drawdowns

NXTI vs. TEXN - Drawdown Comparison

The maximum NXTI drawdown since its inception was -19.65%, which is greater than TEXN's maximum drawdown of -6.34%. Use the drawdown chart below to compare losses from any high point for NXTI and TEXN.

Drawdown Indicators

	NXTI	TEXN	Difference
Max Drawdown Largest peak-to-trough decline	-19.65%	-6.34%	-13.31%
Max Drawdown (1Y) Largest decline over 1 year	-12.99%	—	—
Current Drawdown Current decline from peak	-0.91%	-0.07%	-0.84%
Average Drawdown Average peak-to-trough decline	-3.23%	-1.12%	-2.11%
Ulcer Index Depth and duration of drawdowns from previous peaks	4.82%	—	—

Volatility

Volatility by Period

	NXTI	TEXN	Difference
Volatility (1M) Calculated over the trailing 1-month period	3.97%	—	—
Volatility (6M) Calculated over the trailing 6-month period	11.66%	—	—
Volatility (1Y) Calculated over the trailing 1-year period	14.72%	14.16%	+0.56%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	17.14%	14.16%	+2.98%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	17.14%	14.16%	+2.98%

NXTI vs. TEXN - Expense Ratio Comparison

NXTI has a 0.25% expense ratio, which is higher than TEXN's 0.20% expense ratio. However, both funds are considered low-cost compared to the broader market, where average expense ratios usually range from 0.3% to 0.9%.

Dividends

NXTI vs. TEXN - Dividend Comparison

NXTI's dividend yield for the trailing twelve months is around 0.58%, less than TEXN's 1.01% yield.

Position	TTM	2025	2024
NXTI Simplify NEXT Intangible Core Index ETF	0.58%	0.62%	3.70%
TEXN iShares Texas Equity ETF	1.01%	0.86%	0.00%

Frequently Asked Questions

Can I hold both NXTI and TEXN in my portfolio?

NXTI and TEXN have a correlation of 0.54, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which ETF is better, NXTI 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, NXTI or TEXN?

TEXN is cheaper with a 0.20% expense ratio, compared with 0.25% for NXTI.

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

TEXN has the higher dividend yield at 1.01%, compared with 0.58% for NXTI.

What is the main difference between NXTI and TEXN?

NXTI tracks NEXT Intangible Core Index, while TEXN tracks Russell Texas Equity Index. They also come from different issuers: Simplify and iShares. Their fees differ too: 0.25% for NXTI and 0.20% for TEXN.