TOV vs. TEXN

Last updated Jun 4, 2026

TOV (JLens 500 Jewish Advocacy U.S. ETF) and TEXN (iShares Texas Equity ETF) are both Large Cap Blend Equities funds - TOV tracks the JLens 500 Jewish Advocacy U.S. Index while TEXN tracks the Russell Texas Equity Index. Both are passively managed. A 0.59 correlation means they provide meaningful diversification when combined. TOV charges 0.18%/yr vs 0.20%/yr for TEXN.

Performance

TOV vs. TEXN - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in JLens 500 Jewish Advocacy U.S. ETF (TOV) and iShares Texas Equity ETF (TEXN). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, TOV achieves a 11.31% return, which is significantly lower than TEXN's 25.94% return.

TOV

• 1D: -0.60%
• 1M: 5.33%
• YTD: 11.31%
• 6M: 11.06%
• 1Y: 28.12%
• 3Y*: —
• 5Y*: —
• 10Y*: —

TEXN

• 1D: -0.24%
• 1M: 5.35%
• YTD: 25.94%
• 6M: 24.41%
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —

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

TOV vs. TEXN - Yearly Performance Comparison

	2026 (YTD)	2025
TOV JLens 500 Jewish Advocacy U.S. ETF	11.31%	12.73%
TEXN iShares Texas Equity ETF	25.94%	8.16%

Correlation

The correlation between TOV and TEXN is 0.59, 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 25, 2025	0.59

TOV vs. TEXN - Sectors Allocation Comparison

Sectors	TOV	TEXN
Technology	35.7%	15.5%
Financial Services	11.9%	4.1%
Communication Services	11.5%	3.6%
Consumer Cyclical	9.8%	10.8%
Healthcare	8.7%	2.9%
Industrials	8.4%	16.9%
Consumer Defensive	4.8%	2.1%
Energy	3.6%	36.1%
Utilities	2.2%	2.9%
Real Estate	1.7%	4.2%
Basic Materials	1.6%	0.8%

Return for Risk

TOV vs. TEXN — Risk / Return Rank

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

TOV

TOV Risk / Return Rank: 71
TOV Sharpe Ratio Rank: 72
TOV Sortino Ratio Rank: 71
TOV Omega Ratio Rank: 70
TOV Calmar Ratio Rank: 65
TOV 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.

TOV vs. TEXN - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for JLens 500 Jewish Advocacy U.S. ETF (TOV) and iShares Texas Equity ETF (TEXN). 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.

	TOV	TEXN	Difference
Sharpe ratio: Return per unit of total volatility	2.31	—	—
Sortino ratio: Return per unit of downside risk	3.17	—	—
Omega ratio: Gain probability vs. loss probability	1.42	—	—
Calmar ratio: Return relative to maximum drawdown	3.18	—	—
Martin ratio: Return relative to average drawdown	14.17	—	—
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

Sharpe Ratios by Period

	TOV	TEXN	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	2.31	—	—
Sharpe Ratio (All Time) Calculated using the full available price history	1.33	2.75	-1.41

Drawdowns

TOV vs. TEXN - Drawdown Comparison

The maximum TOV drawdown since its inception was -16.28%, which is greater than TEXN's maximum drawdown of -6.34%. Use the drawdown chart below to compare losses from any high point for TOV and TEXN.

Drawdown Indicators

	TOV	TEXN	Difference
Max Drawdown Largest peak-to-trough decline	-16.28%	-6.34%	-9.94%
Max Drawdown (1Y) Largest decline over 1 year	-8.89%	—	—
Current Drawdown Current decline from peak	-0.60%	-0.24%	-0.36%
Average Drawdown Average peak-to-trough decline	-2.04%	-1.12%	-0.92%
Ulcer Index Depth and duration of drawdowns from previous peaks	1.99%	—	—

Volatility

Volatility by Period

	TOV	TEXN	Difference
Volatility (1M) Calculated over the trailing 1-month period	3.72%	—	—
Volatility (6M) Calculated over the trailing 6-month period	9.37%	—	—
Volatility (1Y) Calculated over the trailing 1-year period	12.23%	14.19%	-1.96%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	17.87%	14.19%	+3.68%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	17.87%	14.19%	+3.68%

TOV vs. TEXN - Expense Ratio Comparison

TOV has a 0.18% expense ratio, which is lower than TEXN's 0.20% expense ratio. Despite the difference, both funds are considered low-cost compared to the broader market, where average expense ratios usually range from 0.3% to 0.9%.

Dividends

TOV vs. TEXN - Dividend Comparison

TOV's dividend yield for the trailing twelve months is around 0.82%, less than TEXN's 1.01% yield.

Position	TTM	2025
TEXN iShares Texas Equity ETF	1.01%	0.86%
TOV JLens 500 Jewish Advocacy U.S. ETF	0.82%	0.76%

Frequently Asked Questions

Can I hold both TOV and TEXN in my portfolio?

TOV and TEXN have a correlation of 0.59, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which ETF is better, TOV or TEXN?

On fees, TOV is cheaper at 0.18% per year. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF is cheaper, TOV or TEXN?

TOV is cheaper with a 0.18% expense ratio, compared with 0.20% for TEXN.

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

TEXN has the higher dividend yield at 1.01%, compared with 0.82% for TOV.

What is the main difference between TOV and TEXN?

TOV tracks JLens 500 Jewish Advocacy U.S. Index, while TEXN tracks Russell Texas Equity Index. They also come from different issuers: JLens and iShares. Their fees differ too: 0.18% for TOV and 0.20% for TEXN.