TEXN vs. IBIT
TEXN (iShares Texas Equity ETF) and IBIT (iShares Bitcoin Trust ETF) are both exchange-traded funds - TEXN is a Large Cap Blend Equities fund tracking the Russell Texas Equity Index, while IBIT is a Cryptocurrency fund tracking the CME CF Bitcoin Reference Rate - New York Variant. Both are passively managed. Over the past year, TEXN returned 30.05% vs -39.82% for IBIT. At a 0.41 correlation, their price movements are largely independent. TEXN charges 0.20%/yr vs 0.25%/yr for IBIT.
Performance
TEXN vs. IBIT - 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 IBIT's -28.88% return.
TEXN
- 1D
- -1.33%
- 1M
- -2.29%
- YTD
- 20.05%
- 6M
- 18.60%
- 1Y
- 30.05%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
IBIT
- 1D
- -3.26%
- 1M
- -17.81%
- YTD
- -28.88%
- 6M
- -28.88%
- 1Y
- -39.82%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
TEXN vs. IBIT - Yearly Performance Comparison
| 2026 (YTD) | 2025 | |
|---|---|---|
TEXN iShares Texas Equity ETF | 20.05% | 8.33% |
IBIT iShares Bitcoin Trust ETF | -28.88% | -15.37% |
Correlation
The correlation between TEXN and IBIT is 0.41, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (All Time) Calculated using the full available price history since Jun 24, 2025 | 0.41 |
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Return for Risk
TEXN vs. IBIT — Risk / Return Rank
TEXN
Risk / return metrics aren't available yet — we need at least 12 months of trading data to calculate them.
IBIT
TEXN vs. IBIT - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for iShares Texas Equity ETF (TEXN) and iShares Bitcoin Trust ETF (IBIT). 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 | IBIT | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | — | — | |
| Sortino ratioReturn per unit of downside risk | — | — | |
| Omega ratioGain probability vs. loss probability | — | 0.86 | — |
| Calmar ratioReturn relative to maximum drawdown | — | -0.77 | — |
| Martin ratioReturn relative to average drawdown | — | -1.30 | — |
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Drawdowns
TEXN vs. IBIT - Drawdown Comparison
The maximum TEXN drawdown since its inception was -6.34%, smaller than the maximum IBIT drawdown of -52.11%. Use the drawdown chart below to compare losses from any high point for TEXN and IBIT.
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Drawdown Indicators
| TEXN | IBIT | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -6.34% | -52.11% | +45.77% |
Max Drawdown (1Y)Largest decline over 1 year | -6.34% | -52.11% | +45.77% |
Current DrawdownCurrent decline from peak | -4.90% | -50.47% | +45.57% |
Average DrawdownAverage peak-to-trough decline | -1.24% | -16.85% | +15.61% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | — | 30.58% | — |
Volatility
TEXN vs. IBIT - Volatility Comparison
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Volatility by Period
| TEXN | IBIT | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | — | 13.18% | — |
Volatility (6M)Calculated over the trailing 6-month period | — | 34.64% | — |
Volatility (1Y)Calculated over the trailing 1-year period | 14.50% | 44.31% | -29.81% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 14.50% | 50.22% | -35.72% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 14.50% | 50.22% | -35.72% |
TEXN vs. IBIT - Expense Ratio Comparison
TEXN has a 0.20% expense ratio, which is lower than IBIT'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. IBIT - Dividend Comparison
TEXN's dividend yield for the trailing twelve months is around 1.40%, while IBIT has not paid dividends to shareholders.
| Position | TTM | 2025 |
|---|---|---|
IBIT iShares Bitcoin Trust ETF | 0.00% | 0.00% |
TEXN iShares Texas Equity ETF | 1.40% | 0.86% |
Frequently Asked Questions
TEXN and IBIT have a correlation of 0.41, 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 -39.82% for IBIT. 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.
Over the 1-year period, TEXN has performed better with a 30.05% return vs -39.82%. 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 IBIT.
TEXN has the higher dividend yield at 1.40%, compared with 0.00% for IBIT.
TEXN is categorized as Large Cap Blend Equities, while IBIT is Cryptocurrency. TEXN tracks Russell Texas Equity Index, while IBIT tracks CME CF Bitcoin Reference Rate - New York Variant. Their fees differ too: 0.20% for TEXN and 0.25% for IBIT.
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