RNDV vs. TEXN

Last updated Jun 3, 2026

RNDV (US Equity Dividend Select ETF) and TEXN (iShares Texas Equity ETF) are both Large Cap Blend Equities funds - RNDV tracks the Nasdaq Riskalyze US Large Cap Select Dividend Index while TEXN tracks the Russell Texas Equity Index. Both are passively managed. A 0.61 correlation means they provide meaningful diversification when combined. RNDV charges 0.50%/yr vs 0.20%/yr for TEXN.

Performance

RNDV vs. TEXN - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in US Equity Dividend Select ETF (RNDV) 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, RNDV achieves a 17.87% return, which is significantly lower than TEXN's 26.24% return.

RNDV

• 1D: 1.33%
• 1M: 7.98%
• YTD: 17.87%
• 6M: 19.94%
• 1Y: 34.17%
• 3Y*: 18.07%
• 5Y*: 9.63%
• 10Y*: —

TEXN

• 1D: 1.39%
• 1M: 6.02%
• YTD: 26.24%
• 6M: 26.97%
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —

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

RNDV vs. TEXN - Yearly Performance Comparison

	2026 (YTD)	2025
RNDV US Equity Dividend Select ETF	17.87%	9.57%
TEXN iShares Texas Equity ETF	26.24%	8.16%

Correlation

The correlation between RNDV and TEXN is 0.61, 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	0.61

RNDV vs. TEXN - Sectors Allocation Comparison

Sectors	RNDV	TEXN
Technology	34.0%	15.5%
Healthcare	13.6%	2.9%
Financial Services	10.7%	4.1%
Consumer Cyclical	9.7%	10.8%
Industrials	9.4%	16.9%
Consumer Defensive	5.8%	2.1%
Energy	5.0%	36.1%
Communication Services	4.8%	3.6%
Utilities	2.6%	2.9%
Real Estate	2.4%	4.2%
Basic Materials	1.7%	0.8%

Return for Risk

RNDV vs. TEXN — Risk / Return Rank

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

RNDV

RNDV Risk / Return Rank: 73
RNDV Sharpe Ratio Rank: 77
RNDV Sortino Ratio Rank: 79
RNDV Omega Ratio Rank: 73
RNDV Calmar Ratio Rank: 72
RNDV Martin Ratio Rank: 66

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.

RNDV vs. TEXN - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for US Equity Dividend Select ETF (RNDV) 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.

	RNDV	TEXN	Difference
Sharpe ratio Return per unit of total volatility	2.54	—	—
Sortino ratio Return per unit of downside risk	3.58	—	—
Omega ratio Gain probability vs. loss probability	1.44	—	—
Calmar ratio Return relative to maximum drawdown	3.67	—	—
Martin ratio Return relative to average drawdown	12.36	—	—
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

	RNDV	TEXN	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	2.54	—	—
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	0.60	—	—
Sharpe Ratio (All Time) Calculated using the full available price history	0.62	2.78	-2.16

Drawdowns

RNDV vs. TEXN - Drawdown Comparison

The maximum RNDV drawdown since its inception was -37.44%, which is greater than TEXN's maximum drawdown of -6.34%. Use the drawdown chart below to compare losses from any high point for RNDV and TEXN.

Drawdown Indicators

	RNDV	TEXN	Difference
Max Drawdown Largest peak-to-trough decline	-37.44%	-6.34%	-31.10%
Max Drawdown (1Y) Largest decline over 1 year	-9.41%	—	—
Max Drawdown (3Y) Largest decline over 3 years	-19.70%	—	—
Max Drawdown (5Y) Largest decline over 5 years	-19.71%	—	—
Current Drawdown Current decline from peak	0.00%	0.00%	0.00%
Average Drawdown Average peak-to-trough decline	-4.87%	-1.13%	-3.74%
Ulcer Index Depth and duration of drawdowns from previous peaks	2.79%	—	—

Volatility

Volatility by Period

	RNDV	TEXN	Difference
Volatility (1M) Calculated over the trailing 1-month period	3.85%	—	—
Volatility (6M) Calculated over the trailing 6-month period	9.84%	—	—
Volatility (1Y) Calculated over the trailing 1-year period	13.53%	14.22%	-0.69%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	16.12%	14.22%	+1.90%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	18.87%	14.22%	+4.65%

RNDV vs. TEXN - Expense Ratio Comparison

RNDV has a 0.50% expense ratio, which is higher than TEXN's 0.20% expense ratio.

Dividends

RNDV vs. TEXN - Dividend Comparison

RNDV's dividend yield for the trailing twelve months is around 2.30%, more than TEXN's 1.01% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017
RNDV US Equity Dividend Select ETF	2.30%	2.70%	2.55%	3.10%	2.52%	1.95%	2.44%	2.85%	4.09%	1.10%
TEXN iShares Texas Equity ETF	1.01%	0.86%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%

Frequently Asked Questions

Can I hold both RNDV and TEXN in my portfolio?

RNDV and TEXN have a correlation of 0.61, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which ETF is better, RNDV 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, RNDV or TEXN?

TEXN is cheaper with a 0.20% expense ratio, compared with 0.50% for RNDV.

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

RNDV has the higher dividend yield at 2.30%, compared with 1.01% for TEXN.

What is the main difference between RNDV and TEXN?

RNDV tracks Nasdaq Riskalyze US Large Cap Select Dividend Index, while TEXN tracks Russell Texas Equity Index. They also come from different issuers: First Trust and iShares. Their fees differ too: 0.50% for RNDV and 0.20% for TEXN.