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. At a correlation of -0.11, they often move in opposite directions. TEXN charges 0.20%/yr vs 0.25%/yr for FTSD.
Performance
TEXN vs. FTSD - Performance Comparison
Loading charts...
Returns By Period
In the year-to-date period, TEXN achieves a 21.67% return, which is significantly higher than FTSD's 0.92% return.
TEXN
- 1D
- 0.91%
- 1M
- -0.97%
- YTD
- 21.67%
- 6M
- 20.12%
- 1Y
- —
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
FTSD
- 1D
- 0.01%
- 1M
- 0.44%
- YTD
- 0.92%
- 6M
- 1.17%
- 1Y
- 4.07%
- 3Y*
- 4.98%
- 5Y*
- 2.55%
- 10Y*
- 2.06%
TEXN vs. FTSD - Yearly Performance Comparison
| 2026 (YTD) | 2025 | |
|---|---|---|
TEXN iShares Texas Equity ETF | 21.67% | 8.33% |
FTSD Franklin Short Duration U.S. Government ETF | 0.92% | 3.15% |
Correlation
The correlation between TEXN and FTSD is -0.11, 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 (All Time) Calculated using the full available price history since Jun 24, 2025 | -0.11 |
Compare stocks, funds, or ETFs
Search for stocks, ETFs, and funds for a quick comparison or use the comparison tool for more options.
Return for Risk
TEXN vs. FTSD — Risk / Return Rank
TEXN
Risk / return metrics aren't available yet — we need at least 12 months of trading data to calculate them.
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 | — | — | |
| Sortino ratioReturn per unit of downside risk | — | — | |
| Omega ratioGain probability vs. loss probability | — | 1.62 | — |
| Calmar ratioReturn relative to maximum drawdown | — | 9.05 | — |
| Martin ratioReturn relative to average drawdown | — | 35.28 | — |
Loading charts...
Drawdowns
TEXN vs. FTSD - Drawdown Comparison
The maximum TEXN drawdown since its inception was -6.34%, 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.
Loading charts...
Drawdown Indicators
| TEXN | FTSD | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -6.34% | -5.32% | -1.02% |
Max Drawdown (1Y)Largest decline over 1 year | — | -0.45% | — |
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 | -3.62% | -0.21% | -3.41% |
Average DrawdownAverage peak-to-trough decline | -1.23% | -0.60% | -0.63% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | — | 0.12% | — |
Volatility
TEXN vs. FTSD - Volatility Comparison
Loading charts...
Volatility by Period
| TEXN | FTSD | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | — | 0.57% | — |
Volatility (6M)Calculated over the trailing 6-month period | — | 1.09% | — |
Volatility (1Y)Calculated over the trailing 1-year period | 14.46% | 1.36% | +13.10% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 14.46% | 1.86% | +12.60% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 14.46% | 1.76% | +12.70% |
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 1.38%, less than FTSD's 4.50% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
FTSD Franklin Short Duration U.S. Government ETF | 4.50% | 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 | 1.38% | 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 -0.11, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
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.
TEXN is cheaper with a 0.20% expense ratio, compared with 0.25% for FTSD.
FTSD has the higher dividend yield at 4.50%, compared with 1.38% 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.
Find the right allocation for TEXN and FTSD
Add both to a portfolio and optimize allocations for your target — whether that's maximizing returns, minimizing drawdowns, or balancing risk across holdings.
Open Portfolio Optimizer