TEXN vs. IAU

Last updated Apr 1, 2026

Compare and contrast key facts about iShares Texas Equity ETF (TEXN) and iShares Gold Trust (IAU).

TEXN and IAU are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. TEXN is a passively managed fund by iShares that tracks the performance of the Russell Texas Equity Index. It was launched on Jun 23, 2025. IAU is a passively managed fund by iShares that tracks the performance of the LBMA Gold Price. It was launched on Jan 21, 2005. Both TEXN and IAU are passive ETFs, meaning that they are not actively managed but aim to replicate the performance of the underlying index as closely as possible.

Performance

TEXN vs. IAU - Performance Comparison

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

TEXN vs. IAU - Yearly Performance Comparison

	2026 (YTD)	2025
TEXN iShares Texas Equity ETF	12.67%	8.16%
IAU iShares Gold Trust	8.61%	29.50%

Returns By Period

In the year-to-date period, TEXN achieves a 12.67% return, which is significantly higher than IAU's 8.61% return.

TEXN

• 1D: 1.53%
• 1M: 0.90%
• YTD: 12.67%
• 6M: 10.48%
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —

IAU

• 1D: 3.80%
• 1M: -11.01%
• YTD: 8.61%
• 6M: 21.15%
• 1Y: 49.53%
• 3Y*: 33.12%
• 5Y*: 21.78%
• 10Y*: 14.08%

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

TEXN vs. IAU - Expense Ratio Comparison

TEXN has a 0.20% expense ratio, which is lower than IAU'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%.

IAU

iShares Gold Trust

TEXN

iShares Texas Equity ETF

Return for Risk

TEXN vs. IAU — Risk / Return Rank

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

IAU

IAU Risk / Return Rank: 87
IAU Sharpe Ratio Rank: 88
IAU Sortino Ratio Rank: 86
IAU Omega Ratio Rank: 86
IAU Calmar Ratio Rank: 89
IAU Martin Ratio Rank: 87

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. IAU - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for iShares Texas Equity ETF (TEXN) and iShares Gold Trust (IAU). 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	IAU	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	—	1.80	—
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	—	1.24	—
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	—	0.89	—
Sharpe Ratio (All Time) Calculated using the full available price history	1.99	0.64	+1.35

Correlation

The correlation between TEXN and IAU is 0.21, which is considered to be low. This implies their price changes are not closely related. A low correlation is generally favorable for portfolio diversification, as it helps to reduce overall risk by spreading it across multiple assets with different performance patterns.

Dividends

TEXN vs. IAU - Dividend Comparison

TEXN's dividend yield for the trailing twelve months is around 1.13%, while IAU has not paid dividends to shareholders.

	TTM	2025
TEXN iShares Texas Equity ETF	1.13%	0.86%
IAU iShares Gold Trust	0.00%	0.00%

Drawdowns

TEXN vs. IAU - Drawdown Comparison

The maximum TEXN drawdown since its inception was -6.34%, smaller than the maximum IAU drawdown of -45.14%. Use the drawdown chart below to compare losses from any high point for TEXN and IAU.

Drawdown Indicators

	TEXN	IAU	Difference
Max Drawdown Largest peak-to-trough decline	-6.34%	-45.14%	+38.80%
Max Drawdown (1Y) Largest decline over 1 year	—	-19.18%	—
Max Drawdown (5Y) Largest decline over 5 years	—	-20.93%	—
Max Drawdown (10Y) Largest decline over 10 years	—	-21.82%	—
Current Drawdown Current decline from peak	-0.54%	-13.20%	+12.66%
Average Drawdown Average peak-to-trough decline	-1.27%	-15.98%	+14.71%
Ulcer Index Depth and duration of drawdowns from previous peaks	—	5.18%	—

Volatility

Volatility by Period

	TEXN	IAU	Difference
Volatility (1M) Calculated over the trailing 1-month period	—	11.02%	—
Volatility (6M) Calculated over the trailing 6-month period	—	24.11%	—
Volatility (1Y) Calculated over the trailing 1-year period	14.82%	27.62%	-12.80%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	14.82%	17.69%	-2.87%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	14.82%	15.82%	-1.00%