TEXN vs. GXLC

Last updated Aug 4, 2026

TEXN (iShares Texas Equity ETF) and GXLC (Global X U.S. 500 ETF) are both Large Cap Blend Equities funds - TEXN tracks the Russell Texas Equity Index while GXLC tracks the Solactive GBS United States 500 Index. Both are passively managed. Their 0.61 correlation means they have sometimes moved together and sometimes differently. TEXN charges 0.20%/yr vs 0.02%/yr for GXLC.

Performance

TEXN vs. GXLC - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in iShares Texas Equity ETF (TEXN) and Global X U.S. 500 ETF (GXLC). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, TEXN achieves a 19.32% return, which is significantly higher than GXLC's 11.54% return.

TEXN

• 1D: 1.07%
• 1M: 1.08%
• 6M: 12.08%
• YTD: 19.32%
• 1Y: 28.23%
• 3Y*: —
• 5Y*: —
• 10Y*: —
• ALL TIME*: 26.05%

GXLC

• 1D: 1.34%
• 1M: 1.54%
• 6M: 9.67%
• YTD: 11.54%
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —
• ALL TIME*: —

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

Liquidity Comparison

Position	Avg. Volume Value (2W)	Avg. Volume Value (1M)	Avg. Volume Value (3M)
GXLC Global X U.S. 500 ETF	$25.69K	$21.89K	$18.29K
TEXN iShares Texas Equity ETF	$55.30K	$58.46K	$79.49K

TEXN vs. GXLC - Yearly Performance Comparison

	2026 (YTD)	2025
TEXN iShares Texas Equity ETF	19.32%	-2.44%
GXLC Global X U.S. 500 ETF	11.54%	3.22%

Correlation

The correlation between TEXN and GXLC is 0.61, which is moderate. They have sometimes moved together and sometimes differently, sharing some price drivers without tracking each other closely.

	Correlation
Correlation (All Time) Calculated using the full available price history since Sep 24, 2025	0.61

Return for Risk

TEXN vs. GXLC — Risk / Return Rank

Compare historical risk-adjusted metric ranks over the past 12 months.

TEXN

TEXN Risk / Return Rank: 79
TEXN Sharpe Ratio Rank: 78
TEXN Sortino Ratio Rank: 79
TEXN Omega Ratio Rank: 76
TEXN Calmar Ratio Rank: 82
TEXN Martin Ratio Rank: 79

GXLC

Risk / return metrics aren't available yet — we need at least 12 months of trading data to calculate them.

The rank (0–100) uses a weighted average of the Sharpe, Sortino, Omega, Calmar, and Martin percentile ranks for the trailing 12 months. Higher means stronger historical risk-adjusted performance within the peer group.

TEXN vs. GXLC - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for iShares Texas Equity ETF (TEXN) and Global X U.S. 500 ETF (GXLC). 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	GXLC	Difference
Sharpe ratio: Return per unit of total volatility	1.92	—	—
Sortino ratio: Return per unit of downside risk	2.73	—	—
Omega ratio: Gain probability vs. loss probability	1.34	—	—
Calmar ratio: Return relative to maximum drawdown	3.22	—	—
Martin ratio: Return relative to average drawdown	10.99	—	—

Drawdowns

TEXN vs. GXLC - Drawdown Comparison

The maximum TEXN drawdown since its inception was -8.81%, roughly equal to the maximum GXLC drawdown of -9.08%. Use the drawdown chart below to compare losses from any high point for TEXN and GXLC.

Drawdown Indicators

	TEXN	GXLC	Difference
Max Drawdown Largest peak-to-trough decline	-8.81%	-9.08%	+0.27%
Max Drawdown (1Y) Largest decline over 1 year	-8.81%	—	—
Current Drawdown Current decline from peak	-5.48%	-0.16%	-5.32%
Average Drawdown Average peak-to-trough decline	-1.68%	-1.57%	-0.11%
Ulcer Index Depth and duration of drawdowns from previous peaks	2.57%	—	—

Volatility

Volatility by Period

	TEXN	GXLC	Difference
Volatility (1M) Calculated over the trailing 1-month period	4.24%	—	—
Volatility (6M) Calculated over the trailing 6-month period	10.49%	—	—
Volatility (1Y) Calculated over the trailing 1-year period	14.78%	13.64%	+1.14%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	14.58%	13.64%	+0.94%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	14.58%	13.64%	+0.94%

TEXN vs. GXLC - Expense Ratio Comparison

TEXN has a 0.20% expense ratio, which is higher than GXLC's 0.02% 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. GXLC - Dividend Comparison

TEXN's dividend yield for the trailing twelve months is around 1.41%, more than GXLC's 0.63% yield.

Position	TTM	2025
GXLC Global X U.S. 500 ETF	0.63%	0.30%
TEXN iShares Texas Equity ETF	1.41%	0.86%

Frequently Asked Questions

Can I hold both TEXN and GXLC in my portfolio?

TEXN and GXLC have a correlation of 0.61, 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 GXLC?

On fees, GXLC is cheaper at 0.02% per year. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF is cheaper, TEXN or GXLC?

GXLC is cheaper with a 0.02% expense ratio, compared with 0.20% for TEXN.

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

TEXN has the higher dividend yield at 1.41%, compared with 0.63% for GXLC.

What is the main difference between TEXN and GXLC?

TEXN tracks Russell Texas Equity Index, while GXLC tracks Solactive GBS United States 500 Index. They also come from different issuers: iShares and Global X. Their fees differ too: 0.20% for TEXN and 0.02% for GXLC.