TEXN vs. BUFX

Last updated Jun 4, 2026

TEXN (iShares Texas Equity ETF) and BUFX (FT Vest Laddered Enhance & Moderate Buffer ETF) are both exchange-traded funds - TEXN is a Large Cap Blend Equities fund tracking the Russell Texas Equity Index, while BUFX is a Defined Outcome fund managed by First Trust. At a 0.49 correlation, their price movements are largely independent. TEXN charges 0.20%/yr vs 0.96%/yr for BUFX.

Performance

TEXN vs. BUFX - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in iShares Texas Equity ETF (TEXN) and FT Vest Laddered Enhance & Moderate Buffer ETF (BUFX). 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 BUFX's 4.10% return.

TEXN

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

BUFX

• 1D: -0.05%
• 1M: 1.35%
• YTD: 4.10%
• 6M: 4.88%
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —

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

TEXN vs. BUFX - Yearly Performance Comparison

	2026 (YTD)	2025
TEXN iShares Texas Equity ETF	25.94%	9.46%
BUFX FT Vest Laddered Enhance & Moderate Buffer ETF	4.10%	5.62%

Correlation

The correlation between TEXN and BUFX is 0.49, 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	0.49

Return for Risk

TEXN vs. BUFX - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for iShares Texas Equity ETF (TEXN) and FT Vest Laddered Enhance & Moderate Buffer ETF (BUFX). 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	BUFX	Difference
Sharpe Ratio (All Time) Calculated using the full available price history	2.75	2.68	+0.06

Drawdowns

TEXN vs. BUFX - Drawdown Comparison

The maximum TEXN drawdown since its inception was -6.34%, which is greater than BUFX's maximum drawdown of -2.87%. Use the drawdown chart below to compare losses from any high point for TEXN and BUFX.

Drawdown Indicators

	TEXN	BUFX	Difference
Max Drawdown Largest peak-to-trough decline	-6.34%	-2.87%	-3.47%
Current Drawdown Current decline from peak	-0.24%	-0.07%	-0.17%
Average Drawdown Average peak-to-trough decline	-1.12%	-0.24%	-0.88%

Volatility

Volatility by Period

	TEXN	BUFX	Difference
Volatility (1Y) Calculated over the trailing 1-year period	14.19%	3.98%	+10.21%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	14.19%	3.98%	+10.21%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	14.19%	3.98%	+10.21%

TEXN vs. BUFX - Expense Ratio Comparison

TEXN has a 0.20% expense ratio, which is lower than BUFX's 0.96% expense ratio.

Dividends

TEXN vs. BUFX - Dividend Comparison

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

Position	TTM	2025
BUFX FT Vest Laddered Enhance & Moderate Buffer ETF	0.00%	0.00%
TEXN iShares Texas Equity ETF	1.01%	0.86%

Frequently Asked Questions

Can I hold both TEXN and BUFX in my portfolio?

TEXN and BUFX have a correlation of 0.49, 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 BUFX?

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 BUFX?

TEXN is cheaper with a 0.20% expense ratio, compared with 0.96% for BUFX.

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

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

What is the main difference between TEXN and BUFX?

TEXN is categorized as Large Cap Blend Equities, while BUFX is Defined Outcome. They also come from different issuers: iShares and First Trust. Their fees differ too: 0.20% for TEXN and 0.96% for BUFX.