TEXN vs. BUFH

Last updated Jun 4, 2026

TEXN (iShares Texas Equity ETF) and BUFH (FT Vest Laddered Max Buffer ETF) are both exchange-traded funds - TEXN is a Large Cap Blend Equities fund tracking the Russell Texas Equity Index, while BUFH is a Defined Outcome fund managed by First Trust. At a 0.44 correlation, their price movements are largely independent. TEXN charges 0.20%/yr vs 0.95%/yr for BUFH.

Performance

TEXN vs. BUFH - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in iShares Texas Equity ETF (TEXN) and FT Vest Laddered Max Buffer ETF (BUFH). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, TEXN achieves a 25.94% return, which is significantly higher than BUFH's 2.45% return.

TEXN

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

BUFH

• 1D: -0.05%
• 1M: 0.75%
• YTD: 2.45%
• 6M: 2.82%
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —

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

TEXN vs. BUFH - Yearly Performance Comparison

	2026 (YTD)	2025
TEXN iShares Texas Equity ETF	25.94%	9.46%
BUFH FT Vest Laddered Max Buffer ETF	2.45%	3.89%

Correlation

The correlation between TEXN and BUFH is 0.44, 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 26, 2025	0.44

Return for Risk

TEXN vs. BUFH - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for iShares Texas Equity ETF (TEXN) and FT Vest Laddered Max Buffer ETF (BUFH). 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.

Risk / return metrics aren't available yet — we need at least 12 months of trading data to calculate them.

Sharpe Ratios by Period

	TEXN	BUFH	Difference
Sharpe Ratio (All Time) Calculated using the full available price history	2.75	2.91	-0.16

Drawdowns

TEXN vs. BUFH - Drawdown Comparison

The maximum TEXN drawdown since its inception was -6.34%, which is greater than BUFH's maximum drawdown of -1.53%. Use the drawdown chart below to compare losses from any high point for TEXN and BUFH.

Drawdown Indicators

	TEXN	BUFH	Difference
Max Drawdown Largest peak-to-trough decline	-6.34%	-1.53%	-4.81%
Current Drawdown Current decline from peak	-0.24%	-0.05%	-0.19%
Average Drawdown Average peak-to-trough decline	-1.12%	-0.18%	-0.94%

Volatility

Volatility by Period

	TEXN	BUFH	Difference
Volatility (1Y) Calculated over the trailing 1-year period	14.19%	2.37%	+11.82%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	14.19%	2.37%	+11.82%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	14.19%	2.37%	+11.82%

TEXN vs. BUFH - Expense Ratio Comparison

TEXN has a 0.20% expense ratio, which is lower than BUFH's 0.95% expense ratio.

Dividends

TEXN vs. BUFH - Dividend Comparison

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

Position	TTM	2025
BUFH FT Vest Laddered Max Buffer ETF	0.00%	0.00%
TEXN iShares Texas Equity ETF	1.01%	0.86%

Frequently Asked Questions

Can I hold both TEXN and BUFH in my portfolio?

TEXN and BUFH have a correlation of 0.44, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which ETF is better, TEXN or BUFH?

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, TEXN or BUFH?

TEXN is cheaper with a 0.20% expense ratio, compared with 0.95% for BUFH.

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

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

What is the main difference between TEXN and BUFH?

TEXN is categorized as Large Cap Blend Equities, while BUFH is Defined Outcome. They also come from different issuers: iShares and First Trust. Their fees differ too: 0.20% for TEXN and 0.95% for BUFH.