RWLC vs. TEXN

Last updated Jun 25, 2026

RWLC (Rayliant Wilshire NxtGen US Large Cap Equity ETF) and TEXN (iShares Texas Equity ETF) are both Large Cap Blend Equities funds - RWLC tracks the S&P 500 while TEXN tracks the Russell Texas Equity Index. Both are passively managed. Over the past year, RWLC returned 18.62% vs 28.67% for TEXN. At a 0.37 correlation, their price movements are largely independent. RWLC charges 0.32%/yr vs 0.20%/yr for TEXN.

Performance

RWLC vs. TEXN - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Rayliant Wilshire NxtGen US Large Cap Equity ETF (RWLC) 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, RWLC achieves a 10.15% return, which is significantly lower than TEXN's 18.96% return.

RWLC

• 1D: -0.07%
• 1M: -0.57%
• YTD: 10.15%
• 6M: 9.56%
• 1Y: 18.62%
• 3Y*: 22.84%
• 5Y*: —
• 10Y*: —

TEXN

• 1D: -0.90%
• 1M: -3.17%
• YTD: 18.96%
• 6M: 17.41%
• 1Y: 28.67%
• 3Y*: —
• 5Y*: —
• 10Y*: —

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

RWLC vs. TEXN - Yearly Performance Comparison

	2026 (YTD)	2025
RWLC Rayliant Wilshire NxtGen US Large Cap Equity ETF	10.15%	9.17%
TEXN iShares Texas Equity ETF	18.96%	8.33%

Correlation

The correlation between RWLC and TEXN is 0.37, which is low. Their price movements are largely independent, making them effective diversification partners.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.37
Correlation (All Time) Calculated using the full available price history since Jun 24, 2025	0.37

RWLC vs. TEXN - Sectors Allocation Comparison

Sectors	RWLC	TEXN
Technology	27.9%	20.6%
Financial Services	15.7%	3.9%
Healthcare	11.8%	2.7%
Consumer Cyclical	11.2%	11.6%
Communication Services	9.7%	3.3%
Consumer Defensive	6.8%	2.1%
Energy	6.6%	32.3%
Industrials	5.6%	16.3%
Basic Materials	2.2%	0.7%
Utilities	1.9%	2.7%
Real Estate	0.7%	3.9%

Return for Risk

RWLC vs. TEXN — Risk / Return Rank

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

RWLC

RWLC Risk / Return Rank: 44
RWLC Sharpe Ratio Rank: 41
RWLC Sortino Ratio Rank: 44
RWLC Omega Ratio Rank: 41
RWLC Calmar Ratio Rank: 45
RWLC Martin Ratio Rank: 49

TEXN

TEXN Risk / Return Rank: 77
TEXN Sharpe Ratio Rank: 70
TEXN Sortino Ratio Rank: 71
TEXN Omega Ratio Rank: 67
TEXN Calmar Ratio Rank: 88
TEXN Martin Ratio Rank: 86

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.

RWLC vs. TEXN - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Rayliant Wilshire NxtGen US Large Cap Equity ETF (RWLC) 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.

	RWLC	TEXN	Difference
Sharpe ratio: Return per unit of total volatility	1.30	1.98	-0.68
Sortino ratio: Return per unit of downside risk	1.97	2.79	-0.82
Omega ratio: Gain probability vs. loss probability	1.24	1.35	-0.11
Calmar ratio: Return relative to maximum drawdown	2.00	4.55	-2.54
Martin ratio: Return relative to average drawdown	7.25	15.80	-8.55

RWLC vs. TEXN - Sharpe Ratio Comparison

The current RWLC Sharpe Ratio is 1.30, which is lower than the TEXN Sharpe Ratio of 1.98. The chart below compares the historical Sharpe Ratios of RWLC and TEXN, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Drawdowns

RWLC vs. TEXN - Drawdown Comparison

The maximum RWLC drawdown since its inception was -21.00%, which is greater than TEXN's maximum drawdown of -6.34%. Use the drawdown chart below to compare losses from any high point for RWLC and TEXN.

Drawdown Indicators

	RWLC	TEXN	Difference
Max Drawdown Largest peak-to-trough decline	-21.00%	-6.34%	-14.66%
Max Drawdown (1Y) Largest decline over 1 year	-9.33%	-6.34%	-2.99%
Max Drawdown (3Y) Largest decline over 3 years	-16.20%	—	—
Current Drawdown Current decline from peak	-2.87%	-5.76%	+2.89%
Average Drawdown Average peak-to-trough decline	-5.39%	-1.26%	-4.13%
Ulcer Index Depth and duration of drawdowns from previous peaks	2.57%	1.82%	+0.75%

Volatility

RWLC vs. TEXN - Volatility Comparison

Rayliant Wilshire NxtGen US Large Cap Equity ETF (RWLC) and iShares Texas Equity ETF (TEXN) have volatilities of 4.83% and 4.95%, respectively, indicating that both stocks experience similar levels of price fluctuations. This suggests that the risk associated with both stocks, as measured by volatility, is nearly the same. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	RWLC	TEXN	Difference
Volatility (1M) Calculated over the trailing 1-month period	4.83%	4.95%	-0.12%
Volatility (6M) Calculated over the trailing 6-month period	10.46%	10.25%	+0.21%
Volatility (1Y) Calculated over the trailing 1-year period	14.42%	14.51%	-0.09%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	16.51%	14.51%	+2.00%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	16.51%	14.51%	+2.00%

RWLC vs. TEXN - Expense Ratio Comparison

RWLC has a 0.32% expense ratio, which is higher than TEXN's 0.20% expense ratio.

Dividends

RWLC vs. TEXN - Dividend Comparison

RWLC's dividend yield for the trailing twelve months is around 13.33%, more than TEXN's 1.42% yield.

Position	TTM	2025	2024	2023	2022	2021
RWLC Rayliant Wilshire NxtGen US Large Cap Equity ETF	13.33%	14.69%	0.98%	1.63%	1.39%	0.01%
TEXN iShares Texas Equity ETF	1.42%	0.86%	0.00%	0.00%	0.00%	0.00%

Frequently Asked Questions

Can I hold both RWLC and TEXN in my portfolio?

RWLC and TEXN have a correlation of 0.37, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, RWLC or TEXN?

TEXN has higher volatility (4.95%) compared to RWLC (4.83%). In terms of maximum drawdown, RWLC dropped -21.00% vs TEXN's -6.34%.

Which ETF is better, RWLC or TEXN?

On 1-year performance, TEXN leads with 28.67% vs 18.62% for RWLC. On fees, TEXN is cheaper at 0.20% per year. On volatility, RWLC has been the lower-risk option at 4.83%. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF has performed better, RWLC or TEXN?

Over the 1-year period, TEXN has performed better with a 28.67% return vs 18.62%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, RWLC or TEXN?

TEXN is cheaper with a 0.20% expense ratio, compared with 0.32% for RWLC.

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

RWLC has the higher dividend yield at 13.33%, compared with 1.42% for TEXN.

What is the main difference between RWLC and TEXN?

RWLC tracks S&P 500, while TEXN tracks Russell Texas Equity Index. They also come from different issuers: Rayliant and iShares. Their fees differ too: 0.32% for RWLC and 0.20% for TEXN.

Which has better risk-adjusted returns?

TEXN currently has the higher Sharpe Ratio (1.98 vs 1.30), meaning it's delivered slightly more return per unit of risk over the trailing 12 months. However, this ranking shifts over time - use the Risk/Return Score above for a more comprehensive view that combines Sharpe, Sortino, and other measures used by quantitative funds.