TEXN vs. FTSD
TEXN (iShares Texas Equity ETF) and FTSD (Franklin Short Duration U.S. Government ETF) are both exchange-traded funds - TEXN is a Large Cap Blend Equities fund tracking the Russell Texas Equity Index, while FTSD is a Mortgage Backed Securities fund actively managed by Franklin Templeton. TEXN is passively managed, while FTSD is actively managed. Over the past year, TEXN returned 27.14% vs 4.10% for FTSD. At a correlation of -0.12, they often move in opposite directions. TEXN charges 0.20%/yr vs 0.25%/yr for FTSD.
Performance
TEXN vs. FTSD - Performance Comparison
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Returns By Period
In the year-to-date period, TEXN achieves a 20.04% return, which is significantly higher than FTSD's 1.10% return.
TEXN
- 1D
- -0.18%
- 1M
- -1.85%
- 6M
- 15.73%
- YTD
- 20.04%
- 1Y
- 27.14%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
FTSD
- 1D
- 0.01%
- 1M
- 0.19%
- 6M
- 1.11%
- YTD
- 1.10%
- 1Y
- 4.10%
- 3Y*
- 4.93%
- 5Y*
- 2.57%
- 10Y*
- 2.07%
TEXN vs. FTSD - Yearly Performance Comparison
| 2026 (YTD) | 2025 | |
|---|---|---|
TEXN iShares Texas Equity ETF | 20.04% | 8.33% |
FTSD Franklin Short Duration U.S. Government ETF | 1.10% | 3.15% |
Correlation
The correlation between TEXN and FTSD is -0.10, meaning they tend to move in opposite directions. This is especially valuable for risk management - when one declines, the other has historically tended to hold steady or rise.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | -0.10 |
Correlation (All Time) Calculated using the full available price history since Jun 24, 2025 | -0.12 |
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Return for Risk
TEXN vs. FTSD — Risk / Return Rank
TEXN
FTSD
TEXN vs. FTSD - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for iShares Texas Equity ETF (TEXN) and Franklin Short Duration U.S. Government ETF (FTSD). 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.
| TEXN | FTSD | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -1.17 | ||
| Sortino ratioReturn per unit of downside risk | -2.05 | ||
| Omega ratioGain probability vs. loss probability | 1.33 | 1.63 | -0.30 |
| Calmar ratioReturn relative to maximum drawdown | 4.20 | 9.13 | -4.93 |
| Martin ratioReturn relative to average drawdown | 12.70 | 35.16 | -22.46 |
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Drawdowns
TEXN vs. FTSD - Drawdown Comparison
The maximum TEXN drawdown since its inception was -6.48%, which is greater than FTSD's maximum drawdown of -5.32%. Use the drawdown chart below to compare losses from any high point for TEXN and FTSD.
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Drawdown Indicators
| TEXN | FTSD | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -6.48% | -5.32% | -1.16% |
Max Drawdown (1Y)Largest decline over 1 year | -6.48% | -0.45% | -6.03% |
Max Drawdown (3Y)Largest decline over 3 years | — | -0.93% | — |
Max Drawdown (5Y)Largest decline over 5 years | — | -4.96% | — |
Max Drawdown (10Y)Largest decline over 10 years | — | -5.32% | — |
Current DrawdownCurrent decline from peak | -4.90% | -0.12% | -4.78% |
Average DrawdownAverage peak-to-trough decline | -1.44% | -0.60% | -0.84% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.14% | 0.12% | +2.02% |
Volatility
TEXN vs. FTSD - Volatility Comparison
iShares Texas Equity ETF (TEXN) has a higher volatility of 3.97% compared to Franklin Short Duration U.S. Government ETF (FTSD) at 0.50%. This indicates that TEXN's price experiences larger fluctuations and is considered to be riskier than FTSD based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| TEXN | FTSD | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 3.97% | 0.50% | +3.47% |
Volatility (6M)Calculated over the trailing 6-month period | 10.17% | 1.09% | +9.08% |
Volatility (1Y)Calculated over the trailing 1-year period | 14.54% | 1.36% | +13.18% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 14.48% | 1.87% | +12.61% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 14.48% | 1.76% | +12.72% |
TEXN vs. FTSD - Expense Ratio Comparison
TEXN has a 0.20% expense ratio, which is lower than FTSD's 0.25% expense ratio. Despite the difference, both funds are considered low-cost compared to the broader market, where average expense ratios usually range from 0.3% to 0.9%.
Dividends
TEXN vs. FTSD - Dividend Comparison
TEXN's dividend yield for the trailing twelve months is around 1.40%, less than FTSD's 4.48% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
FTSD Franklin Short Duration U.S. Government ETF | 4.48% | 4.67% | 4.75% | 4.14% | 1.73% | 1.01% | 1.54% | 2.90% | 2.63% | 2.24% | 1.92% | 1.52% |
TEXN iShares Texas Equity ETF | 1.40% | 0.86% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
Frequently Asked Questions
TEXN and FTSD have a correlation of -0.10, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
TEXN has higher volatility (3.97%) compared to FTSD (0.50%). In terms of maximum drawdown, TEXN dropped -6.48% vs FTSD's -5.32%.
On 1-year performance, TEXN leads with 27.14% vs 4.10% for FTSD. On fees, TEXN is cheaper at 0.20% per year. On volatility, FTSD has been the lower-risk option at 0.50%. The better choice depends on whether you care most about return, fees, risk, or income.
Over the 1-year period, TEXN has performed better with a 27.14% return vs 4.10%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.
TEXN is cheaper with a 0.20% expense ratio, compared with 0.25% for FTSD.
FTSD has the higher dividend yield at 4.48%, compared with 1.40% for TEXN.
TEXN is categorized as Large Cap Blend Equities, while FTSD is Mortgage Backed Securities. They also come from different issuers: iShares and Franklin Templeton. Their fees differ too: 0.20% for TEXN and 0.25% for FTSD.
FTSD currently has the higher Sharpe Ratio (3.05 vs 1.88), 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.
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