TEXN vs. GSST
TEXN (iShares Texas Equity ETF) and GSST (Goldman Sachs Ultra Short Bond ETF) are both exchange-traded funds - TEXN is a Large Cap Blend Equities fund tracking the Russell Texas Equity Index, while GSST is a Ultrashort Bond fund actively managed by Goldman Sachs. TEXN is passively managed, while GSST is actively managed. Over the past year, TEXN returned 30.05% vs 4.51% for GSST. At a correlation of -0.02, they often move in opposite directions. TEXN charges 0.20%/yr vs 0.16%/yr for GSST.
Performance
TEXN vs. GSST - Performance Comparison
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Returns By Period
In the year-to-date period, TEXN achieves a 20.05% return, which is significantly higher than GSST's 1.74% return.
TEXN
- 1D
- -1.33%
- 1M
- -2.29%
- YTD
- 20.05%
- 6M
- 18.60%
- 1Y
- 30.05%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
GSST
- 1D
- 0.02%
- 1M
- 0.32%
- YTD
- 1.74%
- 6M
- 1.83%
- 1Y
- 4.51%
- 3Y*
- 5.48%
- 5Y*
- 3.78%
- 10Y*
- —
TEXN vs. GSST - Yearly Performance Comparison
| 2026 (YTD) | 2025 | |
|---|---|---|
TEXN iShares Texas Equity ETF | 20.05% | 8.33% |
GSST Goldman Sachs Ultra Short Bond ETF | 1.74% | 2.72% |
Correlation
The correlation between TEXN and GSST is -0.02, meaning there is essentially no relationship between their price movements. Each responds to its own set of market drivers, making them strong candidates for combining in a diversified portfolio.
| Correlation | |
|---|---|
Correlation (All Time) Calculated using the full available price history since Jun 24, 2025 | -0.02 |
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Return for Risk
TEXN vs. GSST — Risk / Return Rank
TEXN
Risk / return metrics aren't available yet — we need at least 12 months of trading data to calculate them.
GSST
TEXN vs. GSST - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for iShares Texas Equity ETF (TEXN) and Goldman Sachs Ultra Short Bond ETF (GSST). 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 | GSST | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | — | — | |
| Sortino ratioReturn per unit of downside risk | — | — | |
| Omega ratioGain probability vs. loss probability | — | 3.77 | — |
| Calmar ratioReturn relative to maximum drawdown | — | 29.31 | — |
| Martin ratioReturn relative to average drawdown | — | 180.23 | — |
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Drawdowns
TEXN vs. GSST - Drawdown Comparison
The maximum TEXN drawdown since its inception was -6.34%, which is greater than GSST's maximum drawdown of -3.51%. Use the drawdown chart below to compare losses from any high point for TEXN and GSST.
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Drawdown Indicators
| TEXN | GSST | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -6.34% | -3.51% | -2.83% |
Max Drawdown (1Y)Largest decline over 1 year | -6.34% | -0.15% | -6.19% |
Max Drawdown (3Y)Largest decline over 3 years | — | -0.25% | — |
Max Drawdown (5Y)Largest decline over 5 years | — | -1.19% | — |
Current DrawdownCurrent decline from peak | -4.90% | 0.00% | -4.90% |
Average DrawdownAverage peak-to-trough decline | -1.24% | -0.16% | -1.08% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | — | 0.03% | — |
Volatility
TEXN vs. GSST - Volatility Comparison
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Volatility by Period
| TEXN | GSST | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | — | 0.14% | — |
Volatility (6M)Calculated over the trailing 6-month period | — | 0.41% | — |
Volatility (1Y)Calculated over the trailing 1-year period | 14.50% | 0.59% | +13.91% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 14.50% | 0.63% | +13.87% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 14.50% | 0.86% | +13.64% |
TEXN vs. GSST - Expense Ratio Comparison
TEXN has a 0.20% expense ratio, which is higher than GSST's 0.16% expense ratio. However, 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. GSST - Dividend Comparison
TEXN's dividend yield for the trailing twelve months is around 1.40%, less than GSST's 4.31% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 |
|---|---|---|---|---|---|---|---|---|
GSST Goldman Sachs Ultra Short Bond ETF | 4.31% | 4.56% | 5.45% | 4.98% | 1.97% | 0.71% | 1.12% | 1.66% |
TEXN iShares Texas Equity ETF | 1.40% | 0.86% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
Frequently Asked Questions
TEXN and GSST have a correlation of -0.02, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On 1-year performance, TEXN leads with 30.05% vs 4.51% for GSST. On fees, GSST is cheaper at 0.16% per year. 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 30.05% return vs 4.51%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.
GSST is cheaper with a 0.16% expense ratio, compared with 0.20% for TEXN.
GSST has the higher dividend yield at 4.31%, compared with 1.40% for TEXN.
TEXN is categorized as Large Cap Blend Equities, while GSST is Ultrashort Bond. They also come from different issuers: iShares and Goldman Sachs. Their fees differ too: 0.20% for TEXN and 0.16% for GSST.
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