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TEXN vs. QUS
Performance
Return for Risk
Drawdowns
Volatility
Dividends

TEXN vs. QUS

Last updated Aug 4, 2026
Documentation

TEXN (iShares Texas Equity ETF) and QUS (State Street SPDR MSCI USA StrategicFactors ETF) are both Large Cap Blend Equities funds - TEXN tracks the Russell Texas Equity Index while QUS tracks the MSCI USA Factor Mix A-Series Capped Index. Both are passively managed. Over the past year, TEXN returned 28.23% vs 19.80% for QUS. Their 0.49 correlation means their historical movements had little consistent relationship. TEXN charges 0.20%/yr vs 0.15%/yr for QUS.

Performance

TEXN vs. QUS - Performance Comparison

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

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Returns By Period

In the year-to-date period, TEXN achieves a 19.32% return, which is significantly higher than QUS's 10.23% return.

TEXN

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

QUS

1D
0.83%
1M
1.29%
6M
7.60%
YTD
10.23%
1Y
19.80%
3Y*
17.10%
5Y*
10.91%
10Y*
13.54%
ALL TIME*
12.75%
*Multi-year figures are annualized to reflect compound growth (CAGR)

Liquidity Comparison

PositionAvg. Volume Value (2W)Avg. Volume Value (1M)Avg. Volume Value (3M)

QUS

State Street SPDR MSCI USA StrategicFactors ETF
$3.01M$4.81M$3.43M

TEXN

iShares Texas Equity ETF
$55.30K$58.46K$79.49K

TEXN vs. QUS - Yearly Performance Comparison

2026 (YTD)2025
TEXN
iShares Texas Equity ETF		19.32%8.33%
QUS
State Street SPDR MSCI USA StrategicFactors ETF		10.23%10.21%

Correlation

The correlation between TEXN and QUS is 0.48, which is low. Their historical price movements had little consistent relationship.

Correlation
Correlation (1Y)
Focuses on recent behavior, but can change the most.

0.48

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

0.49

TEXN vs. QUS - Sectors Allocation Comparison

Sectors
TEXN
QUS

Energy

36.3%
3.3%

Industrials

16.4%
8.1%

Technology

16.2%
28.4%

Consumer Cyclical

9.9%
5.7%

Financial Services

4.4%
15.7%

Real Estate

4.1%
1.6%

Communication Services

3.4%
8.2%

Healthcare

3.2%
14.4%

Utilities

2.8%
3.9%

Consumer Defensive

2.2%
8.3%

Basic Materials

0.9%
2.2%

Energy

TEXN
36.3%
QUS
3.3%

Industrials

TEXN
16.4%
QUS
8.1%

Technology

TEXN
16.2%
QUS
28.4%

Consumer Cyclical

TEXN
9.9%
QUS
5.7%

Financial Services

TEXN
4.4%
QUS
15.7%

Real Estate

TEXN
4.1%
QUS
1.6%

Communication Services

TEXN
3.4%
QUS
8.2%

Healthcare

TEXN
3.2%
QUS
14.4%

Utilities

TEXN
2.8%
QUS
3.9%

Consumer Defensive

TEXN
2.2%
QUS
8.3%

Basic Materials

TEXN
0.9%
QUS
2.2%

Compare stocks, funds, or ETFs

Search for stocks, ETFs, and funds for a quick comparison or use the comparison tool for more options.

iShares Texas Equity ETF

State Street SPDR MSCI USA StrategicFactors ETF

Often compared with TEXN:
TEXN vs. XOEXTEXN vs. KATTEXN vs. BTRTEXN vs. FTAGTEXN vs. RFFCTEXN vs. XMAGTEXN vs. QQQ
Often compared with QUS:
QUS vs. IVVQUS vs. QUALQUS vs. JQUAQUS vs. SPYQUS vs. VOOQUS vs. DGTQUS vs. BERZ

Return for Risk

TEXN vs. QUS — Risk / Return Rank

Compare historical risk-adjusted metric ranks over the past 12 months.
TEXN
TEXN Risk / Return Rank: 7979
Overall Rank
TEXN Sharpe Ratio Rank: 7878
Sharpe Ratio Rank
TEXN Sortino Ratio Rank: 7979
Sortino Ratio Rank
TEXN Omega Ratio Rank: 7676
Omega Ratio Rank
TEXN Calmar Ratio Rank: 8282
Calmar Ratio Rank
TEXN Martin Ratio Rank: 7979
Martin Ratio Rank
QUS
QUS Risk / Return Rank: 8585
Overall Rank
QUS Sharpe Ratio Rank: 8787
Sharpe Ratio Rank
QUS Sortino Ratio Rank: 8888
Sortino Ratio Rank
QUS Omega Ratio Rank: 8686
Omega Ratio Rank
QUS Calmar Ratio Rank: 7878
Calmar Ratio Rank
QUS Martin Ratio Rank: 8686
Martin Ratio Rank
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. QUS - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for iShares Texas Equity ETF (TEXN) and State Street SPDR MSCI USA StrategicFactors ETF (QUS). 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.

TEXNQUSDifference
Sharpe ratioReturn per unit of total volatility
1.92
2.16

-0.24

Sortino ratioReturn per unit of downside risk
2.73
3.05

-0.32

Omega ratioGain probability vs. loss probability

1.34

1.39

-0.05

Calmar ratioReturn relative to maximum drawdown

3.22

2.90

+0.31

Martin ratioReturn relative to average drawdown

10.99

12.95

-1.96

TEXN vs. QUS - Sharpe Ratio Comparison

The current TEXN Sharpe Ratio is 1.92, which is comparable to the QUS Sharpe Ratio of 2.16. The chart below compares the historical Sharpe Ratios of TEXN and QUS, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

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Drawdowns

TEXN vs. QUS - Drawdown Comparison

The maximum TEXN drawdown since its inception was -8.81%, smaller than the maximum QUS drawdown of -33.78%. Use the drawdown chart below to compare losses from any high point for TEXN and QUS.

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Drawdown Indicators

TEXNQUSDifference

Max Drawdown

Largest peak-to-trough decline

-8.81%

-33.78%

+24.97%

Max Drawdown (1Y)

Largest decline over 1 year

-8.81%

-6.85%

-1.96%

Max Drawdown (3Y)

Largest decline over 3 years

—

-13.94%

—

Max Drawdown (5Y)

Largest decline over 5 years

—

-22.30%

—

Max Drawdown (10Y)

Largest decline over 10 years

—

-33.78%

—

Current Drawdown

Current decline from peak

-5.48%

0.00%

-5.48%

Average Drawdown

Average peak-to-trough decline

-1.68%

-3.66%

+1.98%

Ulcer Index

Depth and duration of drawdowns from previous peaks

2.57%

1.53%

+1.04%

Volatility

TEXN vs. QUS - Volatility Comparison

iShares Texas Equity ETF (TEXN) has a higher volatility of 4.24% compared to State Street SPDR MSCI USA StrategicFactors ETF (QUS) at 2.42%. This indicates that TEXN's price experiences larger fluctuations and is considered to be riskier than QUS based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

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Volatility by Period

TEXNQUSDifference

Volatility (1M)

Calculated over the trailing 1-month period

4.24%

2.42%

+1.82%

Volatility (6M)

Calculated over the trailing 6-month period

10.49%

6.97%

+3.52%

Volatility (1Y)

Calculated over the trailing 1-year period

14.78%

9.22%

+5.56%

Volatility (5Y)

Calculated over the trailing 5-year period, annualized

14.58%

14.32%

+0.26%

Volatility (10Y)

Calculated over the trailing 10-year period, annualized

14.58%

16.40%

-1.82%

TEXN vs. QUS - Expense Ratio Comparison

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

TEXN's dividend yield for the trailing twelve months is around 1.41%, more than QUS's 1.27% yield.

PositionTTM20252024202320222021202020192018201720162015
QUS
State Street SPDR MSCI USA StrategicFactors ETF		1.27%1.38%1.49%1.57%1.68%1.27%1.73%1.81%2.12%1.86%2.07%1.48%
TEXN
iShares Texas Equity ETF		1.41%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

TEXN and QUS have a correlation of 0.48, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

TEXN has higher volatility (4.24%) compared to QUS (2.42%). In terms of maximum drawdown, TEXN dropped -8.81% vs QUS's -33.78%.

On 1-year performance, TEXN leads with 28.23% vs 19.80% for QUS. On fees, QUS is cheaper at 0.15% per year. On volatility, QUS has been the lower-risk option at 2.42%. 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 28.23% return vs 19.80%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

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

TEXN has the higher dividend yield at 1.41%, compared with 1.27% for QUS.

TEXN tracks Russell Texas Equity Index, while QUS tracks MSCI USA Factor Mix A-Series Capped Index. They also come from different issuers: iShares and State Street. Their fees differ too: 0.20% for TEXN and 0.15% for QUS.

QUS currently has the higher Sharpe Ratio (2.16 vs 1.92), meaning it's delivered slightly more return per unit of risk over the trailing 12 months. However, this ranking shifts over time - use the Risk/Return Score above for a more comprehensive view that combines Sharpe, Sortino, and other measures used by quantitative funds.

Portfolio Optimizer

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