SHRY vs. TEXN

Last updated Jun 4, 2026

SHRY (First Trust Bloomberg Shareholder Yield ETF) and TEXN (iShares Texas Equity ETF) are both Large Cap Blend Equities funds - SHRY tracks the Bloomberg Shareholder Yield Index - Benchmark TR Gross while TEXN tracks the Russell Texas Equity Index. Both are passively managed. A 0.50 correlation means they provide meaningful diversification when combined. SHRY charges 0.60%/yr vs 0.20%/yr for TEXN.

Performance

SHRY vs. TEXN - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in First Trust Bloomberg Shareholder Yield ETF (SHRY) 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, SHRY achieves a 4.24% return, which is significantly lower than TEXN's 25.94% return.

SHRY

• 1D: -0.83%
• 1M: -1.07%
• YTD: 4.24%
• 6M: 5.20%
• 1Y: 6.62%
• 3Y*: 13.90%
• 5Y*: 7.87%
• 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)

SHRY vs. TEXN - Yearly Performance Comparison

	2026 (YTD)	2025
SHRY First Trust Bloomberg Shareholder Yield ETF	4.24%	0.95%
TEXN iShares Texas Equity ETF	25.94%	8.16%

Correlation

The correlation between SHRY and TEXN is 0.50, 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	0.50

SHRY vs. TEXN - Sectors Allocation Comparison

Sectors	SHRY	TEXN
Financial Services	23.2%	4.1%
Technology	18.2%	15.5%
Communication Services	12.9%	3.6%
Energy	10.7%	36.1%
Consumer Defensive	10.2%	2.1%
Healthcare	8.5%	2.9%
Industrials	8.1%	16.9%
Consumer Cyclical	7.5%	10.8%
Basic Materials	0.7%	0.8%
Real Estate	-	4.2%
Utilities	-	2.9%

Return for Risk

SHRY vs. TEXN — Risk / Return Rank

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

SHRY

SHRY Risk / Return Rank: 20
SHRY Sharpe Ratio Rank: 19
SHRY Sortino Ratio Rank: 18
SHRY Omega Ratio Rank: 18
SHRY Calmar Ratio Rank: 21
SHRY Martin Ratio Rank: 22

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.

SHRY vs. TEXN - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for First Trust Bloomberg Shareholder Yield ETF (SHRY) 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.

	SHRY	TEXN	Difference
Sharpe ratio Return per unit of total volatility	0.62	—	—
Sortino ratio Return per unit of downside risk	0.95	—	—
Omega ratio Gain probability vs. loss probability	1.11	—	—
Calmar ratio Return relative to maximum drawdown	0.92	—	—
Martin ratio Return relative to average drawdown	2.54	—	—
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

	SHRY	TEXN	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	0.62	—	—
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	0.50	—	—
Sharpe Ratio (All Time) Calculated using the full available price history	0.60	2.75	-2.15

Drawdowns

SHRY vs. TEXN - Drawdown Comparison

The maximum SHRY drawdown since its inception was -36.67%, which is greater than TEXN's maximum drawdown of -6.34%. Use the drawdown chart below to compare losses from any high point for SHRY and TEXN.

Drawdown Indicators

	SHRY	TEXN	Difference
Max Drawdown Largest peak-to-trough decline	-36.67%	-6.34%	-30.33%
Max Drawdown (1Y) Largest decline over 1 year	-7.20%	—	—
Max Drawdown (3Y) Largest decline over 3 years	-15.34%	—	—
Max Drawdown (5Y) Largest decline over 5 years	-23.94%	—	—
Current Drawdown Current decline from peak	-3.73%	-0.24%	-3.49%
Average Drawdown Average peak-to-trough decline	-5.03%	-1.12%	-3.91%
Ulcer Index Depth and duration of drawdowns from previous peaks	2.62%	—	—

Volatility

Volatility by Period

	SHRY	TEXN	Difference
Volatility (1M) Calculated over the trailing 1-month period	2.31%	—	—
Volatility (6M) Calculated over the trailing 6-month period	7.51%	—	—
Volatility (1Y) Calculated over the trailing 1-year period	10.78%	14.19%	-3.41%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	15.67%	14.19%	+1.48%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	18.18%	14.19%	+3.99%

SHRY vs. TEXN - Expense Ratio Comparison

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

Dividends

SHRY vs. TEXN - Dividend Comparison

SHRY's dividend yield for the trailing twelve months is around 1.69%, more than TEXN's 1.01% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017
SHRY First Trust Bloomberg Shareholder Yield ETF	1.69%	1.73%	1.76%	1.49%	1.52%	0.98%	1.65%	1.54%	1.89%	0.55%
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 SHRY and TEXN in my portfolio?

SHRY and TEXN have a correlation of 0.50, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which ETF is better, SHRY 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, SHRY or TEXN?

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

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

SHRY has the higher dividend yield at 1.69%, compared with 1.01% for TEXN.

What is the main difference between SHRY and TEXN?

SHRY tracks Bloomberg Shareholder Yield Index - Benchmark TR Gross, while TEXN tracks Russell Texas Equity Index. They also come from different issuers: First Trust and iShares. Their fees differ too: 0.60% for SHRY and 0.20% for TEXN.