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POWA vs. TEXN
Performance
Return for Risk
Drawdowns
Volatility
Dividends

POWA vs. TEXN

Last updated Jun 24, 2026

POWA (Invesco Bloomberg Pricing Power ETF) and TEXN (iShares Texas Equity ETF) are both Large Cap Blend Equities funds - POWA tracks the Bloomberg Pricing Power Index while TEXN tracks the Russell Texas Equity Index. Both are passively managed. Over the past year, POWA returned 2.51% vs 30.05% for TEXN. At a 0.46 correlation, their price movements are largely independent. POWA charges 0.40%/yr vs 0.20%/yr for TEXN.

Performance

POWA vs. TEXN - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Invesco Bloomberg Pricing Power ETF (POWA) and iShares Texas Equity ETF (TEXN). The values are adjusted to include any dividend payments, if applicable.

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Returns By Period

In the year-to-date period, POWA achieves a -3.46% return, which is significantly lower than TEXN's 20.05% return.

POWA

1D
0.05%
1M
-0.36%
YTD
-3.46%
6M
-4.44%
1Y
2.51%
3Y*
9.97%
5Y*
7.09%
10Y*
10.17%

TEXN

1D
-1.33%
1M
-2.29%
YTD
20.05%
6M
18.60%
1Y
30.05%
3Y*
—
5Y*
—
10Y*
—
*Multi-year figures are annualized to reflect compound growth (CAGR)

POWA vs. TEXN - Yearly Performance Comparison

2026 (YTD)2025
POWA
Invesco Bloomberg Pricing Power ETF		-3.46%6.18%
TEXN
iShares Texas Equity ETF		20.05%8.33%

Correlation

The correlation between POWA and TEXN is 0.46, which is low. Their price movements are largely independent, making them effective diversification partners.

Correlation
Correlation (All Time)
Calculated using the full available price history since Jun 24, 2025

0.46

POWA vs. TEXN - Sectors Allocation Comparison

Sectors
POWA
TEXN

Technology

27.1%
20.6%

Industrials

18.7%
16.3%

Healthcare

17.7%
2.7%

Consumer Defensive

15.7%
2.1%

Consumer Cyclical

13.9%
11.6%

Financial Services

2.4%
3.9%

Real Estate

2.4%
3.9%

Communication Services

2.1%
3.3%

Basic Materials

-

0.7%

Energy

-

32.3%

Utilities

-

2.7%

Technology

POWA
27.1%
TEXN
20.6%

Industrials

POWA
18.7%
TEXN
16.3%

Healthcare

POWA
17.7%
TEXN
2.7%

Consumer Defensive

POWA
15.7%
TEXN
2.1%

Consumer Cyclical

POWA
13.9%
TEXN
11.6%

Financial Services

POWA
2.4%
TEXN
3.9%

Real Estate

POWA
2.4%
TEXN
3.9%

Communication Services

POWA
2.1%
TEXN
3.3%

Basic Materials

POWA

-

TEXN
0.7%

Energy

POWA

-

TEXN
32.3%

Utilities

POWA

-

TEXN
2.7%

Compare stocks, funds, or ETFs

Search for stocks, ETFs, and funds for a quick comparison or use the comparison tool for more options.

Invesco Bloomberg Pricing Power ETF

iShares Texas Equity ETF

Often compared with POWA:
POWA vs. GAAPOWA vs. SPMOPOWA vs. QQQPOWA vs. AVIEPOWA vs. RSPPOWA vs. COWGPOWA vs. RSSY
Often compared with TEXN:
TEXN vs. KATTEXN vs. XOEXTEXN vs. FTAGTEXN vs. QQQTEXN vs. RFFCTEXN vs. BTRTEXN vs. VTI

Return for Risk

POWA vs. TEXN — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.
POWA
POWA Risk / Return Rank: 1111
Overall Rank
POWA Sharpe Ratio Rank: 1212
Sharpe Ratio Rank
POWA Sortino Ratio Rank: 1111
Sortino Ratio Rank
POWA Omega Ratio Rank: 1010
Omega Ratio Rank
POWA Calmar Ratio Rank: 1212
Calmar Ratio Rank
POWA Martin Ratio Rank: 1212
Martin Ratio Rank
TEXN

Risk / return metrics aren't available yet — we need at least 12 months of trading data to calculate them.

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.

POWA vs. TEXN - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Invesco Bloomberg Pricing Power ETF (POWA) 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.

POWATEXNDifference
Sharpe ratioReturn per unit of total volatility
0.21

—

—

Sortino ratioReturn per unit of downside risk
0.40

—

—

Omega ratioGain probability vs. loss probability

1.04

—

—

Calmar ratioReturn relative to maximum drawdown

0.26

—

—

Martin ratioReturn relative to average drawdown

0.65

—

—

POWA vs. TEXN - Sharpe Ratio Comparison

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Drawdowns

POWA vs. TEXN - Drawdown Comparison

The maximum POWA drawdown since its inception was -47.91%, which is greater than TEXN's maximum drawdown of -6.34%. Use the drawdown chart below to compare losses from any high point for POWA and TEXN.

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Drawdown Indicators

POWATEXNDifference

Max Drawdown

Largest peak-to-trough decline

-47.91%

-6.34%

-41.57%

Max Drawdown (1Y)

Largest decline over 1 year

-9.76%

-6.34%

-3.42%

Max Drawdown (3Y)

Largest decline over 3 years

-15.00%

—

—

Max Drawdown (5Y)

Largest decline over 5 years

-17.75%

—

—

Max Drawdown (10Y)

Largest decline over 10 years

-36.53%

—

—

Current Drawdown

Current decline from peak

-7.56%

-4.90%

-2.66%

Average Drawdown

Average peak-to-trough decline

-6.24%

-1.24%

-5.00%

Ulcer Index

Depth and duration of drawdowns from previous peaks

3.89%

—

—

Volatility

POWA vs. TEXN - Volatility Comparison

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Volatility by Period

POWATEXNDifference

Volatility (1M)

Calculated over the trailing 1-month period

3.15%

—

—

Volatility (6M)

Calculated over the trailing 6-month period

8.98%

—

—

Volatility (1Y)

Calculated over the trailing 1-year period

11.82%

14.50%

-2.68%

Volatility (5Y)

Calculated over the trailing 5-year period, annualized

13.93%

14.50%

-0.57%

Volatility (10Y)

Calculated over the trailing 10-year period, annualized

16.05%

14.50%

+1.55%

POWA vs. TEXN - Expense Ratio Comparison

POWA has a 0.40% expense ratio, which is higher than TEXN's 0.20% expense ratio.

Dividends

POWA vs. TEXN - Dividend Comparison

POWA's dividend yield for the trailing twelve months is around 0.97%, less than TEXN's 1.40% yield.

PositionTTM20252024202320222021202020192018201720162015
POWA
Invesco Bloomberg Pricing Power ETF		0.97%0.94%0.79%1.60%1.48%1.06%1.34%1.16%1.39%1.63%2.18%3.31%
TEXN
iShares Texas Equity ETF		1.40%0.86%0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.00%

Frequently Asked Questions

POWA and TEXN have a correlation of 0.46, 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 2.51% for POWA. 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 2.51%. 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 0.40% for POWA.

TEXN has the higher dividend yield at 1.40%, compared with 0.97% for POWA.

POWA tracks Bloomberg Pricing Power Index, while TEXN tracks Russell Texas Equity Index. They also come from different issuers: Invesco and iShares. Their fees differ too: 0.40% for POWA and 0.20% for TEXN.

Portfolio Optimizer

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