TEXN vs. SLV

Last updated Jun 24, 2026

TEXN (iShares Texas Equity ETF) and SLV (iShares Silver Trust) are both exchange-traded funds - TEXN is a Large Cap Blend Equities fund tracking the Russell Texas Equity Index, while SLV is a Silver fund tracking the LBMA Silver Price. Both are passively managed. Over the past year, TEXN returned 30.05% vs 69.08% for SLV. At a 0.24 correlation, their price movements are largely independent. TEXN charges 0.20%/yr vs 0.50%/yr for SLV.

Performance

TEXN vs. SLV - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in iShares Texas Equity ETF (TEXN) and iShares Silver Trust (SLV). 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 higher than SLV's -13.49% return.

TEXN

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

SLV

• 1D: -5.40%
• 1M: -18.48%
• YTD: -13.49%
• 6M: -14.05%
• 1Y: 69.08%
• 3Y*: 39.38%
• 5Y*: 18.31%
• 10Y*: 12.68%

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

TEXN vs. SLV - Yearly Performance Comparison

	2026 (YTD)	2025
TEXN iShares Texas Equity ETF	20.05%	8.33%
SLV iShares Silver Trust	-13.49%	95.45%

Correlation

The correlation between TEXN and SLV is 0.24, 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	0.24

Return for Risk

TEXN vs. SLV — 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.

SLV

SLV Risk / Return Rank: 31
SLV Sharpe Ratio Rank: 33
SLV Sortino Ratio Rank: 29
SLV Omega Ratio Rank: 40
SLV Calmar Ratio Rank: 30
SLV Martin Ratio Rank: 25

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. SLV - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for iShares Texas Equity ETF (TEXN) and iShares Silver Trust (SLV). 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	SLV	Difference
Sharpe ratio: Return per unit of total volatility	—	1.15	—
Sortino ratio: Return per unit of downside risk	—	1.55	—
Omega ratio: Gain probability vs. loss probability	—	1.25	—
Calmar ratio: Return relative to maximum drawdown	—	1.47	—
Martin ratio: Return relative to average drawdown	—	3.16	—

Drawdowns

TEXN vs. SLV - Drawdown Comparison

The maximum TEXN drawdown since its inception was -6.34%, smaller than the maximum SLV drawdown of -76.28%. Use the drawdown chart below to compare losses from any high point for TEXN and SLV.

Drawdown Indicators

	TEXN	SLV	Difference
Max Drawdown Largest peak-to-trough decline	-6.34%	-76.28%	+69.94%
Max Drawdown (1Y) Largest decline over 1 year	-6.34%	-47.23%	+40.89%
Max Drawdown (3Y) Largest decline over 3 years	—	-47.23%	—
Max Drawdown (5Y) Largest decline over 5 years	—	-47.23%	—
Max Drawdown (10Y) Largest decline over 10 years	—	-47.23%	—
Current Drawdown Current decline from peak	-4.90%	-47.23%	+42.33%
Average Drawdown Average peak-to-trough decline	-1.24%	-44.65%	+43.41%
Ulcer Index Depth and duration of drawdowns from previous peaks	—	21.91%	—

Volatility

Volatility by Period

	TEXN	SLV	Difference
Volatility (1M) Calculated over the trailing 1-month period	—	14.34%	—
Volatility (6M) Calculated over the trailing 6-month period	—	59.27%	—
Volatility (1Y) Calculated over the trailing 1-year period	14.50%	60.33%	-45.83%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	14.50%	36.59%	-22.09%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	14.50%	32.09%	-17.59%

TEXN vs. SLV - Expense Ratio Comparison

TEXN has a 0.20% expense ratio, which is lower than SLV's 0.50% expense ratio.

Dividends

TEXN vs. SLV - Dividend Comparison

TEXN's dividend yield for the trailing twelve months is around 1.40%, while SLV has not paid dividends to shareholders.

Position	TTM	2025
SLV iShares Silver Trust	0.00%	0.00%
TEXN iShares Texas Equity ETF	1.40%	0.86%

Frequently Asked Questions

Can I hold both TEXN and SLV in my portfolio?

TEXN and SLV have a correlation of 0.24, 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 SLV?

On 1-year performance, SLV leads with 69.08% vs 30.05% for TEXN. 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.

Which ETF has performed better, TEXN or SLV?

Over the 1-year period, SLV has performed better with a 69.08% 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 SLV?

TEXN is cheaper with a 0.20% expense ratio, compared with 0.50% for SLV.

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

TEXN has the higher dividend yield at 1.40%, compared with 0.00% for SLV.

What is the main difference between TEXN and SLV?

TEXN is categorized as Large Cap Blend Equities, while SLV is Silver. TEXN tracks Russell Texas Equity Index, while SLV tracks LBMA Silver Price. Their fees differ too: 0.20% for TEXN and 0.50% for SLV.