SUPP vs. TEXN

Last updated Jul 14, 2026

SUPP (TCW Transform Supply Chain ETF) and TEXN (iShares Texas Equity ETF) are both Large Cap Blend Equities funds. SUPP is actively managed, while TEXN is passively managed. Over the past year, SUPP returned 20.26% vs 27.14% for TEXN. A 0.57 correlation means they provide meaningful diversification when combined. SUPP charges 0.75%/yr vs 0.20%/yr for TEXN.

Performance

SUPP vs. TEXN - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in TCW Transform Supply Chain ETF (SUPP) 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, SUPP achieves a 17.60% return, which is significantly lower than TEXN's 20.04% return.

SUPP

• 1D: -2.27%
• 1M: -2.32%
• 6M: 12.78%
• YTD: 17.60%
• 1Y: 20.26%
• 3Y*: 15.79%
• 5Y*: —
• 10Y*: —

TEXN

• 1D: -0.18%
• 1M: -1.85%
• 6M: 15.73%
• YTD: 20.04%
• 1Y: 27.14%
• 3Y*: —
• 5Y*: —
• 10Y*: —

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

SUPP vs. TEXN - Yearly Performance Comparison

	2026 (YTD)	2025
SUPP TCW Transform Supply Chain ETF	17.60%	7.64%
TEXN iShares Texas Equity ETF	20.04%	8.33%

Correlation

The correlation between SUPP and TEXN is 0.59, which is moderate. They share some common price drivers but move independently often enough to provide real diversification benefit when combined.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.59
Correlation (All Time) Calculated using the full available price history since Jun 24, 2025	0.57

The correlation between SUPP and TEXN has been stable across timeframes, ranging from 0.57 to 0.59 - a consistent structural relationship.

SUPP vs. TEXN - Sectors Allocation Comparison

Sectors	SUPP	TEXN
Industrials	52.4%	16.3%
Technology	37.0%	20.6%
Consumer Cyclical	6.2%	11.6%
Basic Materials	4.4%	0.7%
Communication Services	-	3.3%
Consumer Defensive	-	2.1%
Energy	-	32.3%
Financial Services	-	3.9%
Healthcare	-	2.7%
Real Estate	-	3.9%
Utilities	-	2.7%

Return for Risk

SUPP vs. TEXN — Risk / Return Rank

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

SUPP

SUPP Risk / Return Rank: 35
SUPP Sharpe Ratio Rank: 32
SUPP Sortino Ratio Rank: 31
SUPP Omega Ratio Rank: 31
SUPP Calmar Ratio Rank: 36
SUPP Martin Ratio Rank: 45

TEXN

TEXN Risk / Return Rank: 78
TEXN Sharpe Ratio Rank: 74
TEXN Sortino Ratio Rank: 74
TEXN Omega Ratio Rank: 71
TEXN Calmar Ratio Rank: 89
TEXN Martin Ratio Rank: 82

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.

SUPP vs. TEXN - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for TCW Transform Supply Chain ETF (SUPP) 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.

	SUPP	TEXN	Difference
Sharpe ratio: Return per unit of total volatility	0.92	1.88	-0.96
Sortino ratio: Return per unit of downside risk	1.38	2.66	-1.28
Omega ratio: Gain probability vs. loss probability	1.17	1.33	-0.16
Calmar ratio: Return relative to maximum drawdown	1.50	4.20	-2.71
Martin ratio: Return relative to average drawdown	5.81	12.70	-6.90

SUPP vs. TEXN - Sharpe Ratio Comparison

The current SUPP Sharpe Ratio is 0.92, which is lower than the TEXN Sharpe Ratio of 1.88. The chart below compares the historical Sharpe Ratios of SUPP 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

SUPP vs. TEXN - Drawdown Comparison

The maximum SUPP drawdown since its inception was -25.03%, which is greater than TEXN's maximum drawdown of -6.48%. Use the drawdown chart below to compare losses from any high point for SUPP and TEXN.

Drawdown Indicators

	SUPP	TEXN	Difference
Max Drawdown Largest peak-to-trough decline	-25.03%	-6.48%	-18.55%
Max Drawdown (1Y) Largest decline over 1 year	-13.59%	-6.48%	-7.11%
Max Drawdown (3Y) Largest decline over 3 years	-25.03%	—	—
Current Drawdown Current decline from peak	-7.30%	-4.90%	-2.40%
Average Drawdown Average peak-to-trough decline	-4.36%	-1.44%	-2.92%
Ulcer Index Depth and duration of drawdowns from previous peaks	3.50%	2.14%	+1.36%

Volatility

SUPP vs. TEXN - Volatility Comparison

TCW Transform Supply Chain ETF (SUPP) has a higher volatility of 10.11% compared to iShares Texas Equity ETF (TEXN) at 3.97%. This indicates that SUPP's price experiences larger fluctuations and is considered to be riskier than TEXN based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	SUPP	TEXN	Difference
Volatility (1M) Calculated over the trailing 1-month period	10.11%	3.97%	+6.14%
Volatility (6M) Calculated over the trailing 6-month period	19.30%	10.17%	+9.13%
Volatility (1Y) Calculated over the trailing 1-year period	22.09%	14.54%	+7.55%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	20.09%	14.48%	+5.61%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	20.09%	14.48%	+5.61%

SUPP vs. TEXN - Expense Ratio Comparison

SUPP has a 0.75% expense ratio, which is higher than TEXN's 0.20% expense ratio.

Dividends

SUPP vs. TEXN - Dividend Comparison

SUPP's dividend yield for the trailing twelve months is around 0.30%, less than TEXN's 1.40% yield.

Position	TTM	2025	2024	2023
SUPP TCW Transform Supply Chain ETF	0.30%	0.35%	0.49%	0.45%
TEXN iShares Texas Equity ETF	1.40%	0.86%	0.00%	0.00%

Frequently Asked Questions

Can I hold both SUPP and TEXN in my portfolio?

SUPP and TEXN have a correlation of 0.59, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, SUPP or TEXN?

SUPP has higher volatility (10.11%) compared to TEXN (3.97%). In terms of maximum drawdown, SUPP dropped -25.03% vs TEXN's -6.48%.

Which ETF is better, SUPP or TEXN?

On 1-year performance, TEXN leads with 27.14% vs 20.26% for SUPP. On fees, TEXN is cheaper at 0.20% per year. On volatility, TEXN has been the lower-risk option at 3.97%. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF has performed better, SUPP or TEXN?

Over the 1-year period, TEXN has performed better with a 27.14% return vs 20.26%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, SUPP or TEXN?

TEXN is cheaper with a 0.20% expense ratio, compared with 0.75% for SUPP.

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

TEXN has the higher dividend yield at 1.40%, compared with 0.30% for SUPP.

What is the main difference between SUPP and TEXN?

They also come from different issuers: TCW and iShares. Their fees differ too: 0.75% for SUPP and 0.20% for TEXN.

Which has better risk-adjusted returns?

TEXN currently has the higher Sharpe Ratio (1.88 vs 0.92), 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.