TEXN vs. QMAR

Last updated Apr 1, 2026

Compare and contrast key facts about iShares Texas Equity ETF (TEXN) and FT Cboe Vest Nasdaq-100 Buffer ETF - March (QMAR).

TEXN and QMAR 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. QMAR is an actively managed fund by First Trust. It was launched on Mar 19, 2021.

Performance

TEXN vs. QMAR - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in iShares Texas Equity ETF (TEXN) and FT Cboe Vest Nasdaq-100 Buffer ETF - March (QMAR). The values are adjusted to include any dividend payments, if applicable.

TEXN vs. QMAR - Yearly Performance Comparison

	2026 (YTD)	2025
TEXN iShares Texas Equity ETF	12.67%	8.16%
QMAR FT Cboe Vest Nasdaq-100 Buffer ETF - March	2.45%	7.61%

Returns By Period

In the year-to-date period, TEXN achieves a 12.67% return, which is significantly higher than QMAR's 2.45% return.

TEXN

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

QMAR

• 1D: 0.57%
• 1M: 1.34%
• YTD: 2.45%
• 6M: 4.74%
• 1Y: 19.05%
• 3Y*: 15.09%
• 5Y*: 10.57%
• 10Y*: —

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

TEXN vs. QMAR - Expense Ratio Comparison

TEXN has a 0.20% expense ratio, which is lower than QMAR's 0.90% expense ratio.

QMAR

FT Cboe Vest Nasdaq-100 Buffer ETF - March

TEXN

iShares Texas Equity ETF

Return for Risk

TEXN vs. QMAR — Risk / Return Rank

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

QMAR

QMAR Risk / Return Rank: 84
QMAR Sharpe Ratio Rank: 76
QMAR Sortino Ratio Rank: 83
QMAR Omega Ratio Rank: 95
QMAR Calmar Ratio Rank: 73
QMAR Martin Ratio Rank: 93

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. QMAR - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for iShares Texas Equity ETF (TEXN) and FT Cboe Vest Nasdaq-100 Buffer ETF - March (QMAR). 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	QMAR	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	—	1.44	—
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	—	0.76	—
Sharpe Ratio (All Time) Calculated using the full available price history	1.99	0.77	+1.22

Correlation

The correlation between TEXN and QMAR is 0.52, which is considered to be moderate. This suggests that the two assets have some degree of positive relationship in their price movements. Moderate correlation can be acceptable for portfolio diversification, offering a balance between risk and potential returns.

Dividends

TEXN vs. QMAR - Dividend Comparison

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

	TTM	2025
TEXN iShares Texas Equity ETF	1.13%	0.86%
QMAR FT Cboe Vest Nasdaq-100 Buffer ETF - March	0.00%	0.00%

Drawdowns

TEXN vs. QMAR - Drawdown Comparison

The maximum TEXN drawdown since its inception was -6.34%, smaller than the maximum QMAR drawdown of -19.83%. Use the drawdown chart below to compare losses from any high point for TEXN and QMAR.

Drawdown Indicators

	TEXN	QMAR	Difference
Max Drawdown Largest peak-to-trough decline	-6.34%	-19.83%	+13.49%
Max Drawdown (1Y) Largest decline over 1 year	—	-9.23%	—
Max Drawdown (5Y) Largest decline over 5 years	—	-19.83%	—
Current Drawdown Current decline from peak	-0.54%	-0.32%	-0.22%
Average Drawdown Average peak-to-trough decline	-1.27%	-3.39%	+2.12%
Ulcer Index Depth and duration of drawdowns from previous peaks	—	1.33%	—

Volatility

Volatility by Period

	TEXN	QMAR	Difference
Volatility (1M) Calculated over the trailing 1-month period	—	3.53%	—
Volatility (6M) Calculated over the trailing 6-month period	—	4.65%	—
Volatility (1Y) Calculated over the trailing 1-year period	14.82%	13.26%	+1.56%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	14.82%	14.04%	+0.78%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	14.82%	14.02%	+0.80%