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Launched

iShares Texas Equity ETF

TEXNNasdaqiSharesD

$33.44−0.74 (−2.16%)

At close: Nov 2, 2026, 4:00 PM ET

D35/ 100

Rank 8 of 8 in US Stocks

D35/100Rank 8 of 8inUS Stocks
Intraday session: down, 79 prints from 34.17 to 33.44. Range 33.44 to 34.14. Use the arrow keys to read each point.33.6033.8034.0010 AM12 PM2 PM4 PM
Expense ratio
0.20%
Fund size
$19M
1Y total return
+25.0%
Yield · Last 12 months
1.36%
Holdings
216
Avg volume · 30D
2.41K sh
52W range
low $25.96high $34.50
Launched

The ETF.net TEXN Grade

Based on 5 of 6 pillars

D

Score 35 out of 100

Category
US Stocks⁠
Rank
8 of 8
Six-pillar profile for TEXN. Scores out of 100: Cost 25, Risk 70, Mission not scored, Tradability 30, Holdings 18, Durability 45. Strongest: Risk (70). Weakest: Holdings (18). Based on 5 of 6 pillars.

Score 35 of 100 falls in the D band. A is 70 or higher, B 55 to under 70, C 40 to under 55, D 25 to under 40, F under 25.

  • Cost

    The fund’s net expense ratio, ranked against its category.
    D25 out of 100
    Rank 7 of 8

  • Mission

    Whether the fund did what it promised, tested against its stated mandate.
    Not scored

  • Risk

    How the fund held up when markets fell: downside volatility, drawdowns and tail loss.
    A70 out of 100
    Rank 2 of 8

  • Tradability

    How easy the fund is to trade: daily volume, and how far its price strays from net asset value.
    D30 out of 100
    Rank 8 of 8

  • Holdings

    How concentrated the fund is, and how complete and current its disclosed holdings are.
    F18 out of 100
    Rank 8 of 8

  • Durability

    Whether the fund is likely to stay open, judged by its age, its assets and its issuer’s assets.
    C45 out of 100
    Rank 5 of 8

Our read on TEXN

ETF.net Research

In short

DTexas, packaged. TEXN tracks a Russell index of companies headquartered in the state (about 210 of them) for 0.20% a year. It is a geography bet from an iShares index desk, not a sector or style one.

Stated mandate

The fund seeks to track an index of U.S. companies headquartered in Texas, providing a single-state equity exposure.

Why people hold it

  • One ticket to the Texas corporate base: roughly 210 companies headquartered in the state, picked by a rules-based Russell index rather than a manager's hunch.ishares.com
  • Costs 0.20% a year, level with the median fee in its US equity cohort. Cheap-ish for a niche cut of the market.
  • Plain machinery: a 1940 Act fund holding actual stocks, paying quarterly. No leverage, no derivatives overlay, no K-1 at tax time.

Worth knowing

  • Headquarters is the entire filter, so the portfolio rides one state's corporate roster and can look nothing like the broad US market in any given stretch.
  • Launched in 2025, so risk numbers rest on a short history rather than a full market cycle.
  • Broad US equity peers run cheaper (ILCB at 0.03%) and trade heavier, so expect wider spreads here than on a plain index giant.

TEXN Holdings

Holdings pillarF18 out of 100Rank 8 of 8 in US Stocks
Asset class
Stocks
Holdings
216
Top-10 weight
53%
Largest holding
XOM11.3%

Sectors

  • Energy37.8%
  • Autos & Components10.8%
  • Capital Goods9.4%
  • Software & Services8.7%
  • Semiconductors & Semiconductor Equipment4.8%
  • Tech Hardware & Equip4.3%
  • Telecommunications3.8%
  • Real Estate3.0%
  • Financials2.8%
  • Health Care Equipment & Services2.5%
  • Utilities2.2%
  • Commercial & Professional Services2.1%
  • Pharma, Biotech & Life Sciences1.1%
  • Consumer Durables0.9%
  • Food Bevg Tobacco0.9%
  • Materials0.7%
  • Consumer Staples Distribution & Retail0.6%
  • Real Estate Management & Development0.6%
  • Transportation0.6%
  • Household & Personal Prod0.6%
  • Banks0.6%
  • Consumer Services0.4%
  • Consumer Discretionary0.3%
  • Media & Entertainment0.3%
  • Insurance0.3%

Geography

  • United States99.40%
  • Mexico0.55%
  • Brazil0.05%
The fund’s holdings, weight-ordered — page 1 of 15.
#TickerCompanyWeight %SharesMarket valueHeld by ETFs
1XOMExxonmobil Holdings Corp11.28%11,522$2.16M525
2TSLATesla Inc10.75%5,145$2.06M528
3CVXChevron7.03%5,713$1.35M496
4CATCaterpillar Inc4.55%1,399$871K457
5TXNTexas Instrument4.40%2,800$842K516
6CRWDCrowdstrike Holdings Class A4.05%3,091$774K488
7ORCLOracle3.60%5,277$690K451
8COPConocophillips3.02%3,755$578K444
9SCHWCharles Schwab2.32%5,033$443K399
10TAT&T2.30%20,572$440K417
11DELLDell Technologies Inc Class C2.06%927$393K448
12MCKMckesson Corp1.88%361$359K371
13VLOValero Energy Corp1.84%883$353K408
14PSXPhillips 661.82%1,234$349K392
15PWRQuanta Services Inc1.49%460$286K372

Showing 1–15 of 216 holdings

TEXN Performance

Launched Jun 23, 2025

Shows how $10,000 changes over the selected period, with cash distributions reinvested at the closing price on each ex-dividend date.

Not enough history yet.Not enough history yet.Not enough history yet.
TEXN$12,503
SPY tracks large US stocks. It provides market context, rather than representing this fund’s strategy, asset class or investment benchmark.$11,199
Oct 31, 2025 to Oct 30, 2026. TEXN $12,503. SPY $11,199. Use the arrow keys to read each point.$10,000$11,000$12,000Oct 2025Apr 2026Oct 2026

Oct 31, 2025 – Oct 30, 2026

Returns run to the Oct 30, 2026 close, with cash distributions reinvested. Each period starts on the same date that many months or years earlier. Periods over one year show the average yearly return.

Trailing total return for TEXN. Periods over one year show the average yearly return.
PeriodTEXN
Year to date+27.5%
1 month+3.8%
3 months+8.0%
1 year+25.0%
3 yearsFund is under 3 years oldper yearNo data
5 yearsFund is under 5 years oldper yearNo data
10 yearsFund is under 10 years oldper yearNo data

With distributions reinvested.

Calendar-year total return with cash distributions hypothetically reinvested at the ex-dividend date’s closing price. The current year shows year to date.

Annual total returns for TEXN
YearReturn barTEXN
2026 YTD+27.5%
2025+8.2%

History from Jun 24, 2025

TEXN in the news

TEXN Dividends

Adds up every distribution paid per share over the last 12 months, divided by the last completed close. Distributions are counted by ex-date. Data through Oct 30, 2026.
1.36%Last 12 months
Payout per share
$0.47Last 12 months
Last payment
$0.12 per share
Paid on
Shares bought on or after this date do not qualify for this distribution.
Frequency
Quarterly

Distribution history

2025–2026

One bar per payment. 5 payments from 2025 to 2026 YTD. Sep 16, 2025 $0.11; Dec 16, 2025 $0.13; Mar 17, 2026 $0.11; Jun 15, 2026 $0.11; Sep 15, 2026 $0.12. Use the arrow keys to read each point.20252026YTD
Ex-datePay dateAmount per share
Sep 15, 2026Sep 18, 2026$0.12
Jun 15, 2026Jun 18, 2026$0.11
Mar 17, 2026Mar 20, 2026$0.11
Dec 16, 2025Dec 19, 2025$0.13
Sep 16, 2025Sep 19, 2025$0.11

$10,000 in TEXN 1 year ago paid $168 in dividends.

TEXN Risk

Risk pillarA70 out of 100Rank 2 of 8 in US Stocks
How much the fund’s monthly returns vary, scaled to a year.
11.0%
Annualised · 16 months to Oct 2026
How it’s calculated: standard deviation

The sample standard deviation of monthly total returns, multiplied by the square root of 12.

Uses up to 36 complete months, with at least 12 required. Total returns include reinvested distributions.

Return above 3-month US Treasury bills per unit of volatility.
1.93
vs 3-month T-bills · 16 months to Oct 2026
How it’s calculated: Sharpe ratio

Subtract each month’s Treasury-bill return from the fund’s monthly total return.

Divide the average of those excess returns by their sample standard deviation, then multiply by the square root of 12.

Uses up to 36 complete months, with at least 12 required. Each month uses the Treasury yield quoted at the end of the previous month.

The largest fall from a peak to the low that followed.
−8.8%
16 months · trough Jul 2026
How it’s calculated: maximum drawdown

The largest percentage decline from an earlier peak, using total returns with reinvested distributions.

Uses up to five years through the last close, with at least 12 months required.

How strongly the fund’s returns move with its asset-class index.
0.53
vs its asset-class index
How it’s calculated: beta

The beta figure is supplied by FMP. The comparison index depends on the fund’s broad asset class.

FMP measures it over up to five years of monthly returns.

TEXN Cost

Compare TEXN and GSUS

Overpaying vs GSUS, cheapest in US Stocks

$2,675

On $10,000 over 30 years. 7% growth a year before fees, expense ratio only.

  • TEXN 0.20%

    $4,155

  • GSUS 0.07% Cheapest

    $1,480

$10,000
30 years

Cost over time

  • TEXN 0.20%
  • GSUS 0.07%
  • Overpaying
One line per fund, from year 0 to year 30. Use the arrow keys to read each point.$0$1K$2K$3K$4K$5K051015202530TEXN $4,155GSUS $1,480

Year by year

YearTEXNGSUSOverpaying
10$365$128$237
20$1,421$503$918
30$4,155$1,480$2,675

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