RND vs. TEXN

Last updated Jun 4, 2026

RND (First Trust Bloomberg R&D Leaders ETF) and TEXN (iShares Texas Equity ETF) are both Large Cap Blend Equities funds - RND tracks the Bloomberg R&D Leaders Select Index while TEXN tracks the Russell Texas Equity Index. Both are passively managed. At a 0.48 correlation, their price movements are largely independent. RND charges 0.60%/yr vs 0.20%/yr for TEXN.

Performance

RND vs. TEXN - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in First Trust Bloomberg R&D Leaders ETF (RND) 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, RND achieves a 6.61% return, which is significantly lower than TEXN's 25.94% return.

RND

• 1D: -0.70%
• 1M: 5.38%
• YTD: 6.61%
• 6M: 5.59%
• 1Y: 26.80%
• 3Y*: —
• 5Y*: —
• 10Y*: —

TEXN

• 1D: -0.24%
• 1M: 5.35%
• YTD: 25.94%
• 6M: 24.41%
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —

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

RND vs. TEXN - Yearly Performance Comparison

	2026 (YTD)	2025
RND First Trust Bloomberg R&D Leaders ETF	6.61%	16.38%
TEXN iShares Texas Equity ETF	25.94%	8.16%

Correlation

The correlation between RND and TEXN is 0.48, 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 25, 2025	0.48

RND vs. TEXN - Sectors Allocation Comparison

Sectors	RND	TEXN
Technology	44.1%	15.5%
Consumer Cyclical	16.0%	10.8%
Communication Services	14.2%	3.6%
Healthcare	14.0%	2.9%
Industrials	8.5%	16.9%
Consumer Defensive	1.2%	2.1%
Financial Services	1.1%	4.1%
Basic Materials	0.9%	0.8%
Energy	-	36.1%
Real Estate	-	4.2%
Utilities	-	2.9%

Return for Risk

RND vs. TEXN — Risk / Return Rank

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

RND

RND Risk / Return Rank: 45
RND Sharpe Ratio Rank: 51
RND Sortino Ratio Rank: 49
RND Omega Ratio Rank: 48
RND Calmar Ratio Rank: 35
RND Martin Ratio Rank: 40

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.

RND vs. TEXN - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for First Trust Bloomberg R&D Leaders ETF (RND) 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.

	RND	TEXN	Difference
Sharpe ratio: Return per unit of total volatility	1.72	—	—
Sortino ratio: Return per unit of downside risk	2.35	—	—
Omega ratio: Gain probability vs. loss probability	1.30	—	—
Calmar ratio: Return relative to maximum drawdown	1.73	—	—
Martin ratio: Return relative to average drawdown	6.26	—	—
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

	RND	TEXN	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	1.72	—	—
Sharpe Ratio (All Time) Calculated using the full available price history	1.30	2.75	-1.45

Drawdowns

RND vs. TEXN - Drawdown Comparison

The maximum RND drawdown since its inception was -23.52%, which is greater than TEXN's maximum drawdown of -6.34%. Use the drawdown chart below to compare losses from any high point for RND and TEXN.

Drawdown Indicators

	RND	TEXN	Difference
Max Drawdown Largest peak-to-trough decline	-23.52%	-6.34%	-17.18%
Max Drawdown (1Y) Largest decline over 1 year	-15.56%	—	—
Current Drawdown Current decline from peak	-0.70%	-0.24%	-0.46%
Average Drawdown Average peak-to-trough decline	-3.72%	-1.12%	-2.60%
Ulcer Index Depth and duration of drawdowns from previous peaks	4.29%	—	—

Volatility

Volatility by Period

	RND	TEXN	Difference
Volatility (1M) Calculated over the trailing 1-month period	3.75%	—	—
Volatility (6M) Calculated over the trailing 6-month period	11.78%	—	—
Volatility (1Y) Calculated over the trailing 1-year period	15.70%	14.19%	+1.51%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	21.15%	14.19%	+6.96%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	21.15%	14.19%	+6.96%

RND vs. TEXN - Expense Ratio Comparison

RND has a 0.60% expense ratio, which is higher than TEXN's 0.20% expense ratio.

Dividends

RND vs. TEXN - Dividend Comparison

RND has not paid dividends to shareholders, while TEXN's dividend yield for the trailing twelve months is around 1.01%.

Position	TTM	2025	2024
RND First Trust Bloomberg R&D Leaders ETF	0.00%	0.00%	0.04%
TEXN iShares Texas Equity ETF	1.01%	0.86%	0.00%

Frequently Asked Questions

Can I hold both RND and TEXN in my portfolio?

RND and TEXN have a correlation of 0.48, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which ETF is better, RND 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, RND or TEXN?

TEXN is cheaper with a 0.20% expense ratio, compared with 0.60% for RND.

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

TEXN has the higher dividend yield at 1.01%, compared with 0.00% for RND.

What is the main difference between RND and TEXN?

RND tracks Bloomberg R&D Leaders Select Index, while TEXN tracks Russell Texas Equity Index. They also come from different issuers: First Trust and iShares. Their fees differ too: 0.60% for RND and 0.20% for TEXN.