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TEXN vs. RFFC
Performance
Return for Risk
Drawdowns
Volatility
Dividends

TEXN vs. RFFC

Last updated Jun 23, 2026

TEXN (iShares Texas Equity ETF) and RFFC (ALPS Active Equity Opportunity ETF) are both Large Cap Blend Equities funds. TEXN is passively managed, while RFFC is actively managed. A 0.55 correlation means they provide meaningful diversification when combined. TEXN charges 0.20%/yr vs 0.48%/yr for RFFC.

Performance

TEXN vs. RFFC - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in iShares Texas Equity ETF (TEXN) and ALPS Active Equity Opportunity ETF (RFFC). 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 21.67% return, which is significantly higher than RFFC's 11.06% return.

TEXN

1D
0.91%
1M
-0.97%
YTD
21.67%
6M
20.12%
1Y
—
3Y*
—
5Y*
—
10Y*
—

RFFC

1D
-0.17%
1M
1.46%
YTD
11.06%
6M
10.92%
1Y
29.41%
3Y*
21.13%
5Y*
12.28%
10Y*
12.76%
*Multi-year figures are annualized to reflect compound growth (CAGR)

TEXN vs. RFFC - Yearly Performance Comparison

2026 (YTD)2025
TEXN
iShares Texas Equity ETF		21.67%8.33%
RFFC
ALPS Active Equity Opportunity ETF		11.06%15.43%

Correlation

The correlation between TEXN and RFFC is 0.55, 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

0.55

TEXN vs. RFFC - Sectors Allocation Comparison

Sectors
TEXN
RFFC

Energy

32.3%
4.8%

Technology

20.6%
33.0%

Industrials

16.3%
12.2%

Consumer Cyclical

11.6%
9.3%

Real Estate

3.9%
2.0%

Financial Services

3.9%
10.9%

Communication Services

3.3%
8.7%

Utilities

2.7%
2.4%

Healthcare

2.7%
11.7%

Consumer Defensive

2.1%
2.7%

Basic Materials

0.7%
2.3%

Energy

TEXN
32.3%
RFFC
4.8%

Technology

TEXN
20.6%
RFFC
33.0%

Industrials

TEXN
16.3%
RFFC
12.2%

Consumer Cyclical

TEXN
11.6%
RFFC
9.3%

Real Estate

TEXN
3.9%
RFFC
2.0%

Financial Services

TEXN
3.9%
RFFC
10.9%

Communication Services

TEXN
3.3%
RFFC
8.7%

Utilities

TEXN
2.7%
RFFC
2.4%

Healthcare

TEXN
2.7%
RFFC
11.7%

Consumer Defensive

TEXN
2.1%
RFFC
2.7%

Basic Materials

TEXN
0.7%
RFFC
2.3%

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

ALPS Active Equity Opportunity ETF

Often compared with TEXN:
TEXN vs. KATTEXN vs. XOEXTEXN vs. FTAGTEXN vs. QQQTEXN vs. BTRTEXN vs. VTITEXN vs. XMAG
Often compared with RFFC:
RFFC vs. BSJORFFC vs. SCHGRFFC vs. LVHIRFFC vs. ONEQRFFC vs. VYMIRFFC vs. ACESRFFC vs. VOO

Return for Risk

TEXN vs. RFFC — 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.

RFFC
RFFC Risk / Return Rank: 7575
Overall Rank
RFFC Sharpe Ratio Rank: 7777
Sharpe Ratio Rank
RFFC Sortino Ratio Rank: 7777
Sortino Ratio Rank
RFFC Omega Ratio Rank: 7575
Omega Ratio Rank
RFFC Calmar Ratio Rank: 6666
Calmar Ratio Rank
RFFC Martin Ratio Rank: 7777
Martin Ratio Rank
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. RFFC - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for iShares Texas Equity ETF (TEXN) and ALPS Active Equity Opportunity ETF (RFFC). 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.

TEXNRFFCDifference
Sharpe ratioReturn per unit of total volatility

—

2.38

—

Sortino ratioReturn per unit of downside risk

—

3.30

—

Omega ratioGain probability vs. loss probability

—

1.42

—

Calmar ratioReturn relative to maximum drawdown

—

3.19

—

Martin ratioReturn relative to average drawdown

—

14.52

—

TEXN vs. RFFC - Sharpe Ratio Comparison

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Drawdowns

TEXN vs. RFFC - Drawdown Comparison

The maximum TEXN drawdown since its inception was -6.34%, smaller than the maximum RFFC drawdown of -36.26%. Use the drawdown chart below to compare losses from any high point for TEXN and RFFC.

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Drawdown Indicators

TEXNRFFCDifference

Max Drawdown

Largest peak-to-trough decline

-6.34%

-36.26%

+29.92%

Max Drawdown (1Y)

Largest decline over 1 year

—

-9.25%

—

Max Drawdown (3Y)

Largest decline over 3 years

—

-18.45%

—

Max Drawdown (5Y)

Largest decline over 5 years

—

-22.29%

—

Max Drawdown (10Y)

Largest decline over 10 years

—

-36.26%

—

Current Drawdown

Current decline from peak

-3.62%

-0.72%

-2.90%

Average Drawdown

Average peak-to-trough decline

-1.23%

-5.00%

+3.77%

Ulcer Index

Depth and duration of drawdowns from previous peaks

—

2.03%

—

Volatility

TEXN vs. RFFC - Volatility Comparison

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Volatility by Period

TEXNRFFCDifference

Volatility (1M)

Calculated over the trailing 1-month period

—

4.14%

—

Volatility (6M)

Calculated over the trailing 6-month period

—

9.85%

—

Volatility (1Y)

Calculated over the trailing 1-year period

14.46%

12.44%

+2.02%

Volatility (5Y)

Calculated over the trailing 5-year period, annualized

14.46%

16.33%

-1.87%

Volatility (10Y)

Calculated over the trailing 10-year period, annualized

14.46%

18.01%

-3.55%

TEXN vs. RFFC - Expense Ratio Comparison

TEXN has a 0.20% expense ratio, which is lower than RFFC's 0.48% expense ratio.

Dividends

TEXN vs. RFFC - Dividend Comparison

TEXN's dividend yield for the trailing twelve months is around 1.38%, more than RFFC's 0.63% yield.

PositionTTM2025202420232022202120202019201820172016
RFFC
ALPS Active Equity Opportunity ETF		0.63%0.78%1.05%1.35%1.41%0.71%1.79%1.34%1.36%0.93%0.66%
TEXN
iShares Texas Equity ETF		1.38%0.86%0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.00%

Frequently Asked Questions

TEXN and RFFC have a correlation of 0.55, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

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.

TEXN is cheaper with a 0.20% expense ratio, compared with 0.48% for RFFC.

TEXN has the higher dividend yield at 1.38%, compared with 0.63% for RFFC.

They also come from different issuers: iShares and SS&C. Their fees differ too: 0.20% for TEXN and 0.48% for RFFC.

Portfolio Optimizer

Find the right allocation for TEXN and RFFC

Add both to a portfolio and optimize allocations for your target — whether that's maximizing returns, minimizing drawdowns, or balancing risk across holdings.

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