TEXN vs. MTUM

Last updated Jun 24, 2026

TEXN (iShares Texas Equity ETF) and MTUM (iShares MSCI USA Momentum Factor ETF) are both exchange-traded funds - TEXN is a Large Cap Blend Equities fund tracking the Russell Texas Equity Index, while MTUM is a Momentum fund tracking the MSCI USA Momentum SR Variant Index. Both are passively managed. Over the past year, TEXN returned 30.05% vs 41.78% for MTUM. A 0.56 correlation means they provide meaningful diversification when combined. TEXN charges 0.20%/yr vs 0.15%/yr for MTUM.

Performance

TEXN vs. MTUM - Performance Comparison

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

Returns By Period

In the year-to-date period, TEXN achieves a 20.05% return, which is significantly lower than MTUM's 32.00% return.

TEXN

• 1D: -1.33%
• 1M: -2.29%
• YTD: 20.05%
• 6M: 18.60%
• 1Y: 30.05%
• 3Y*: —
• 5Y*: —
• 10Y*: —

MTUM

• 1D: -4.48%
• 1M: 8.74%
• YTD: 32.00%
• 6M: 29.92%
• 1Y: 41.78%
• 3Y*: 33.87%
• 5Y*: 15.18%
• 10Y*: 17.49%

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

TEXN vs. MTUM - Yearly Performance Comparison

	2026 (YTD)	2025
TEXN iShares Texas Equity ETF	20.05%	8.33%
MTUM iShares MSCI USA Momentum Factor ETF	32.00%	7.41%

Correlation

The correlation between TEXN and MTUM is 0.56, which is moderate. They share some common price drivers but move independently often enough to provide real diversification benefit when combined.

	Correlation
Correlation (All Time) Calculated using the full available price history since Jun 24, 2025	0.56

TEXN vs. MTUM - Sectors Allocation Comparison

Sectors	TEXN	MTUM
Energy	32.3%	10.5%
Technology	20.6%	50.2%
Industrials	16.3%	15.0%
Consumer Cyclical	11.6%	2.9%
Real Estate	3.9%	1.3%
Financial Services	3.9%	5.0%
Communication Services	3.3%	5.1%
Utilities	2.7%	0.6%
Healthcare	2.7%	3.5%
Consumer Defensive	2.1%	3.7%
Basic Materials	0.7%	2.3%

Return for Risk

TEXN vs. MTUM — Risk / Return Rank

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

TEXN

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

MTUM

MTUM Risk / Return Rank: 64
MTUM Sharpe Ratio Rank: 59
MTUM Sortino Ratio Rank: 54
MTUM Omega Ratio Rank: 59
MTUM Calmar Ratio Rank: 74
MTUM Martin Ratio Rank: 76

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. MTUM - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for iShares Texas Equity ETF (TEXN) and iShares MSCI USA Momentum Factor ETF (MTUM). 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	MTUM	Difference
Sharpe ratio: Return per unit of total volatility	—	1.92	—
Sortino ratio: Return per unit of downside risk	—	2.53	—
Omega ratio: Gain probability vs. loss probability	—	1.35	—
Calmar ratio: Return relative to maximum drawdown	—	3.64	—
Martin ratio: Return relative to average drawdown	—	13.91	—

Drawdowns

TEXN vs. MTUM - Drawdown Comparison

The maximum TEXN drawdown since its inception was -6.34%, smaller than the maximum MTUM drawdown of -34.08%. Use the drawdown chart below to compare losses from any high point for TEXN and MTUM.

Drawdown Indicators

	TEXN	MTUM	Difference
Max Drawdown Largest peak-to-trough decline	-6.34%	-34.08%	+27.74%
Max Drawdown (1Y) Largest decline over 1 year	-6.34%	-11.54%	+5.20%
Max Drawdown (3Y) Largest decline over 3 years	—	-20.99%	—
Max Drawdown (5Y) Largest decline over 5 years	—	-32.28%	—
Max Drawdown (10Y) Largest decline over 10 years	—	-34.08%	—
Current Drawdown Current decline from peak	-4.90%	-4.48%	-0.42%
Average Drawdown Average peak-to-trough decline	-1.24%	-6.19%	+4.95%
Ulcer Index Depth and duration of drawdowns from previous peaks	—	3.01%	—

Volatility

Volatility by Period

	TEXN	MTUM	Difference
Volatility (1M) Calculated over the trailing 1-month period	—	12.20%	—
Volatility (6M) Calculated over the trailing 6-month period	—	19.44%	—
Volatility (1Y) Calculated over the trailing 1-year period	14.50%	21.93%	-7.43%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	14.50%	21.15%	-6.65%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	14.50%	21.31%	-6.81%

TEXN vs. MTUM - Expense Ratio Comparison

TEXN has a 0.20% expense ratio, which is higher than MTUM's 0.15% 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. MTUM - Dividend Comparison

TEXN's dividend yield for the trailing twelve months is around 1.40%, more than MTUM's 0.56% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
MTUM iShares MSCI USA Momentum Factor ETF	0.56%	0.91%	0.75%	1.35%	1.80%	0.55%	0.83%	1.48%	1.27%	1.02%	1.43%	1.12%
TEXN iShares Texas Equity ETF	1.40%	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

Can I hold both TEXN and MTUM in my portfolio?

TEXN and MTUM have a correlation of 0.56, 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 MTUM?

On 1-year performance, MTUM leads with 41.78% vs 30.05% for TEXN. On fees, MTUM is cheaper at 0.15% per year. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF has performed better, TEXN or MTUM?

Over the 1-year period, MTUM has performed better with a 41.78% return vs 30.05%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, TEXN or MTUM?

MTUM is cheaper with a 0.15% expense ratio, compared with 0.20% for TEXN.

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

TEXN has the higher dividend yield at 1.40%, compared with 0.56% for MTUM.

What is the main difference between TEXN and MTUM?

TEXN is categorized as Large Cap Blend Equities, while MTUM is Momentum. TEXN tracks Russell Texas Equity Index, while MTUM tracks MSCI USA Momentum SR Variant Index. Their fees differ too: 0.20% for TEXN and 0.15% for MTUM.