TEXN vs. CVSE

Last updated Jun 4, 2026

TEXN (iShares Texas Equity ETF) and CVSE (Calvert US Select Equity ETF) are both Large Cap Blend Equities funds. TEXN is passively managed, while CVSE is actively managed. At a 0.30 correlation, their price movements are largely independent. TEXN charges 0.20%/yr vs 0.29%/yr for CVSE.

Performance

TEXN vs. CVSE - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in iShares Texas Equity ETF (TEXN) and Calvert US Select Equity ETF (CVSE). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

TEXN

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

CVSE

• 1D: 0.00%
• 1M: 0.00%
• YTD: 0.00%
• 6M: 0.00%
• 1Y: 8.06%
• 3Y*: 13.34%
• 5Y*: —
• 10Y*: —

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

TEXN vs. CVSE - Yearly Performance Comparison

	2026 (YTD)	2025
TEXN iShares Texas Equity ETF	25.94%	8.16%
CVSE Calvert US Select Equity ETF	0.00%	6.10%

Correlation

The correlation between TEXN and CVSE is 0.30, 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 25, 2025	0.30

TEXN vs. CVSE - Sectors Allocation Comparison

Sectors	TEXN	CVSE
Energy	36.1%	-
Industrials	16.9%	11.3%
Technology	15.5%	39.5%
Consumer Cyclical	10.8%	7.0%
Real Estate	4.2%	3.5%
Financial Services	4.1%	16.3%
Communication Services	3.6%	5.1%
Utilities	2.9%	2.5%
Healthcare	2.9%	10.3%
Consumer Defensive	2.1%	1.7%
Basic Materials	0.8%	2.7%

Return for Risk

TEXN vs. CVSE — Risk / Return Rank

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

CVSE

CVSE Risk / Return Rank: 46
CVSE Sharpe Ratio Rank: 36
CVSE Sortino Ratio Rank: 37
CVSE Omega Ratio Rank: 67
CVSE Calmar Ratio Rank: 54
CVSE Martin Ratio Rank: 37

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.

TEXN vs. CVSE - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for iShares Texas Equity ETF (TEXN) and Calvert US Select Equity ETF (CVSE). 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	CVSE	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	—	1.28	—
Sharpe Ratio (All Time) Calculated using the full available price history	2.75	0.92	+1.83

Drawdowns

TEXN vs. CVSE - Drawdown Comparison

The maximum TEXN drawdown since its inception was -6.34%, smaller than the maximum CVSE drawdown of -20.29%. Use the drawdown chart below to compare losses from any high point for TEXN and CVSE.

Drawdown Indicators

	TEXN	CVSE	Difference
Max Drawdown Largest peak-to-trough decline	-6.34%	-20.29%	+13.95%
Max Drawdown (1Y) Largest decline over 1 year	—	-3.08%	—
Max Drawdown (3Y) Largest decline over 3 years	—	-20.29%	—
Current Drawdown Current decline from peak	-0.24%	-1.68%	+1.44%
Average Drawdown Average peak-to-trough decline	-1.12%	-2.69%	+1.57%
Ulcer Index Depth and duration of drawdowns from previous peaks	—	1.42%	—

Volatility

Volatility by Period

	TEXN	CVSE	Difference
Volatility (1M) Calculated over the trailing 1-month period	—	0.00%	—
Volatility (6M) Calculated over the trailing 6-month period	—	0.00%	—
Volatility (1Y) Calculated over the trailing 1-year period	14.19%	6.49%	+7.70%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	14.19%	13.87%	+0.32%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	14.19%	13.87%	+0.32%

TEXN vs. CVSE - Expense Ratio Comparison

TEXN has a 0.20% expense ratio, which is lower than CVSE's 0.29% expense ratio.

Dividends

TEXN vs. CVSE - Dividend Comparison

TEXN's dividend yield for the trailing twelve months is around 1.01%, more than CVSE's 0.59% yield.

Position	TTM	2025	2024	2023
CVSE Calvert US Select Equity ETF	0.59%	0.81%	1.05%	1.22%
TEXN iShares Texas Equity ETF	1.01%	0.86%	0.00%	0.00%

Frequently Asked Questions

Can I hold both TEXN and CVSE in my portfolio?

TEXN and CVSE have a correlation of 0.30, 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 CVSE?

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 CVSE?

TEXN is cheaper with a 0.20% expense ratio, compared with 0.29% for CVSE.

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

TEXN has the higher dividend yield at 1.01%, compared with 0.59% for CVSE.

What is the main difference between TEXN and CVSE?

They also come from different issuers: iShares and Calvert. Their fees differ too: 0.20% for TEXN and 0.29% for CVSE.