XOEX vs. TEXN

Last updated Jun 23, 2026

XOEX (Xtrackers S&P 100 Ex Top 20 ETF) and TEXN (iShares Texas Equity ETF) are both Large Cap Blend Equities funds - XOEX tracks the S&P 100 Ex-Top 20 Select Index while TEXN tracks the Russell Texas Equity Index. Both are passively managed. A 0.59 correlation means they provide meaningful diversification when combined. XOEX charges 0.15%/yr vs 0.20%/yr for TEXN.

Performance

XOEX vs. TEXN - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Xtrackers S&P 100 Ex Top 20 ETF (XOEX) 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, XOEX achieves a 10.16% return, which is significantly lower than TEXN's 21.67% return.

XOEX

• 1D: 0.10%
• 1M: 1.53%
• YTD: 10.16%
• 6M: 9.30%
• 1Y: 27.52%
• 3Y*: 18.17%
• 5Y*: —
• 10Y*: —

TEXN

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

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

XOEX vs. TEXN - Yearly Performance Comparison

	2026 (YTD)	2025
XOEX Xtrackers S&P 100 Ex Top 20 ETF	10.16%	14.94%
TEXN iShares Texas Equity ETF	21.67%	8.33%

Correlation

The correlation between XOEX 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 24, 2025	0.59

XOEX vs. TEXN - Sectors Allocation Comparison

Sectors	XOEX	TEXN
Technology	19.4%	20.6%
Financial Services	17.4%	3.9%
Healthcare	15.9%	2.7%
Industrials	14.5%	16.3%
Consumer Defensive	9.2%	2.1%
Consumer Cyclical	6.8%	11.6%
Communication Services	6.7%	3.3%
Utilities	4.5%	2.7%
Energy	3.0%	32.3%
Basic Materials	1.6%	0.7%
Real Estate	1.0%	3.9%

Return for Risk

XOEX vs. TEXN — Risk / Return Rank

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

XOEX

XOEX Risk / Return Rank: 79
XOEX Sharpe Ratio Rank: 80
XOEX Sortino Ratio Rank: 82
XOEX Omega Ratio Rank: 77
XOEX Calmar Ratio Rank: 76
XOEX Martin Ratio Rank: 79

TEXN

Risk / return metrics aren't available yet — we need at least 12 months of trading data to calculate them.

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.

XOEX vs. TEXN - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Xtrackers S&P 100 Ex Top 20 ETF (XOEX) 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.

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.

	XOEX	TEXN	Difference
Sharpe ratio: Return per unit of total volatility	2.45	—	—
Sortino ratio: Return per unit of downside risk	3.48	—	—
Omega ratio: Gain probability vs. loss probability	1.44	—	—
Calmar ratio: Return relative to maximum drawdown	3.78	—	—
Martin ratio: Return relative to average drawdown	14.90	—	—

Drawdowns

XOEX vs. TEXN - Drawdown Comparison

The maximum XOEX drawdown since its inception was -14.68%, which is greater than TEXN's maximum drawdown of -6.34%. Use the drawdown chart below to compare losses from any high point for XOEX and TEXN.

Drawdown Indicators

	XOEX	TEXN	Difference
Max Drawdown Largest peak-to-trough decline	-14.68%	-6.34%	-8.34%
Max Drawdown (1Y) Largest decline over 1 year	-7.31%	—	—
Max Drawdown (3Y) Largest decline over 3 years	-14.68%	—	—
Current Drawdown Current decline from peak	-0.90%	-3.62%	+2.72%
Average Drawdown Average peak-to-trough decline	-2.62%	-1.23%	-1.39%
Ulcer Index Depth and duration of drawdowns from previous peaks	1.85%	—	—

Volatility

Volatility by Period

	XOEX	TEXN	Difference
Volatility (1M) Calculated over the trailing 1-month period	4.00%	—	—
Volatility (6M) Calculated over the trailing 6-month period	8.86%	—	—
Volatility (1Y) Calculated over the trailing 1-year period	11.29%	14.46%	-3.17%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	13.45%	14.46%	-1.01%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	13.45%	14.46%	-1.01%

XOEX vs. TEXN - Expense Ratio Comparison

XOEX has a 0.15% 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

XOEX vs. TEXN - Dividend Comparison

XOEX's dividend yield for the trailing twelve months is around 1.47%, more than TEXN's 1.38% yield.

Position	TTM	2025	2024	2023	2022
TEXN iShares Texas Equity ETF	1.38%	0.86%	0.00%	0.00%	0.00%
XOEX Xtrackers S&P 100 Ex Top 20 ETF	1.47%	1.95%	2.09%	1.72%	0.42%

Frequently Asked Questions

Can I hold both XOEX and TEXN in my portfolio?

XOEX 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, XOEX or TEXN?

On fees, XOEX is cheaper at 0.15% per year. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF is cheaper, XOEX or TEXN?

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

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

XOEX has the higher dividend yield at 1.47%, compared with 1.38% for TEXN.

What is the main difference between XOEX and TEXN?

XOEX tracks S&P 100 Ex-Top 20 Select Index, while TEXN tracks Russell Texas Equity Index. They also come from different issuers: Xtrackers and iShares. Their fees differ too: 0.15% for XOEX and 0.20% for TEXN.