AAUA vs TEXN: Grades, Fees and Holdings Compared

Alpha Architect US Equity 3 ETF

AAUABCboe

iShares Texas Equity ETF

TEXNDNasdaq

Overlap

8.2%by weight

Expense ratio

AAUA −0.11pt a year

AAUA0.09%TEXN0.20%

Avg volume · 30D

AAUA 1.8×the volume

AAUA4.32KTEXN2.41K

AAUA vs TEXN Performance

Jul 31, 2026 – Oct 30, 2026

+1.1%AAUA+8.0%TEXN

Expense ratio: AAUA 0.09%, better; TEXN 0.20%
Fund size: AAUA $357M; TEXN $19M
1Y total return: AAUA No data; TEXN +25.0%
Yield (12M): AAUA No data; TEXN 1.36%
Holdings: AAUA 380; TEXN 216
Avg volume (30D): AAUA 4.32K sh, better; TEXN 2.41K sh
NAV per share: AAUA $57.83; TEXN $34.16
52W range

ETF.net Grade

Pillar letters and Scores for AAUA, TEXN, with each pillar’s weight
Pillar	AAUA	TEXN
Cost30% weight	B59Higher	D25
Mission25% weight	Not scored	Not scored
Risk15% weight	A77Higher	A70
Tradability15% weight	C40Higher	D30
Holdings10% weight	C44Higher	F18
Durability5% weight	F24	C45Higher

Rank among US Stocks funds

How we build Categories ›

Same Category. AAUA and TEXN are both graded against the same 7 US Stocks funds, so their Grades compare head to head.

US Stocks⁠

Category · 7 funds

See all 7 ›

AAUA ranks 4th and TEXN 7th of 7 funds in the US Stocks Category.

Rank 1AGSUSGoldman Sachs MarketBeta U.S. Equity ETFScore 80
Rank 2BGUSAGoldman Sachs MarketBeta US 1000 Equity ETFScore 66
Rank 3BAAEQAlpha Architect US Equity 2 ETFScore 62
Rank 4BAAUAAlpha Architect US Equity 3 ETFScore 54
Rank 5CSTXKStrive Small-Cap ETFScore 50
Rank 6DJSMDJanus Henderson Small/Mid Cap Growth Alpha ETFScore 36
Rank 7DTEXNiShares Texas Equity ETFScore 35

Our read on each fund

ETF.net Research

AAUABAlpha Architect US Equity 3 ETF

TEXNDiShares Texas Equity ETF

In short

AAUA No data

TEXN Texas, 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

AAUA No data

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

Why people hold it

AAUA No data

TEXN 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

AAUA No data

TEXN 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.

Full AAUA profile⁠

Full TEXN profile⁠

AAUA vs TEXN Holdings

How AAUA and TEXN differ

Overlap by weight

8.2%

Shared holdings make up 79.6% of TEXN and 8.2% of AAUA.

Level by level

Holdings38 in both8.2%
Sector30 Sectors10.8%
Countryby domicile99.5%
Asset classEquity100%

Sector

Sector weights in AAUA and TEXN, widest gap first
Sector	More in AAUAMore in TEXN	AAUA	TEXN
Technology	AAUA +40.8 points	40.8%	0.0%
Energy	TEXN +34.1 points	3.7%	37.8%
Autos & Components	TEXN +10.8 points	0.0%	10.8%
Communication	AAUA +9.6 points	9.6%	0.0%
Capital Goods	TEXN +9.4 points	0.0%	9.4%
Health Care	AAUA +9.2 points	9.2%	0.0%
Software & Services	TEXN +8.7 points	0.0%	8.7%
Financials	AAUA +8.5 points	11.3%	2.8%
Consumer Discretionary	AAUA +8.1 points	8.4%	0.3%
Industrials	AAUA +7.8 points	7.8%	0.0%
Semiconductors & Semiconductor Equipment	TEXN +4.8 points	0.0%	4.8%
Tech Hardware & Equip	TEXN +4.3 points	0.0%	4.3%
Consumer Staples	AAUA +4.1 points	4.1%	0.0%
Telecommunications	TEXN +3.8 points	0.0%	3.8%
Health Care Equipment & Services	TEXN +2.5 points	0.0%	2.5%
Commercial & Professional Services	TEXN +2.1 points	0.0%	2.1%
Real Estate	TEXN +1.3 points	1.7%	3.0%
Pharma, Biotech & Life Sciences	TEXN +1.1 points	0.0%	1.1%
Materials	AAUA +1.0 points	1.7%	0.7%
Consumer Durables	TEXN +0.9 points	0.0%	0.9%
Food Bevg Tobacco	TEXN +0.9 points	0.0%	0.9%
Consumer Staples Distribution & Retail	TEXN +0.6 points	0.0%	0.6%
Real Estate Management & Development	TEXN +0.6 points	0.0%	0.6%
Transportation	TEXN +0.6 points	0.0%	0.6%
Household & Personal Prod	TEXN +0.6 points	0.0%	0.6%
Banks	TEXN +0.6 points	0.0%	0.6%
Utilities	TEXN +0.5 points	1.7%	2.2%
Consumer Services	TEXN +0.4 points	0.0%	0.4%
Media & Entertainment	TEXN +0.3 points	0.0%	0.3%
Insurance	TEXN +0.3 points	0.0%	0.3%

Country, concentration and asset class

Country by domicile

Country weights in AAUA and TEXN, widest gap first
Country	More in AAUAMore in TEXN	AAUA	TEXN
United States	AAUA +0.1 points	99.5%	99.4%
Mexico	TEXN +0.5 points	0.1%	0.6%
Switzerland	AAUA +0.4 points	0.4%	0.0%
Brazil	TEXN +0.1 points	0.0%	0.1%
China	Same weight	0.0%	0.0%
United Kingdom	Same weight	0.0%	0.0%
Ireland	Same weight	0.0%	0.0%

Concentration

Weight in the 10 largest Holdings

AAUA40.4%
TEXN53.3%

Securities held

AAUA379
TEXN213

Asset class

AAUA: Equity
TEXN: Equity

Holdings

Only in AAUA341
In both38
Only in TEXN175

Only in AAUA

341 securities, 91.8% of AAUA by weight

NVIDIA Corp7.02%
Apple Inc6.87%
Microsoft Corp5.38%
State Street SPDR Portfolio S&P 500 ETF4.82%
iShares Core S&P 500 ETF4.81%
Amazon.com Inc3.31%
Alphabet Inc2.29%
Broadcom Inc2.16%
Meta Platforms Inc1.91%
Alphabet Inc1.85%
Eli Lilly & Co1.54%
Micron Technology Inc1.45%
Berkshire Hathaway Inc1.30%
JPMorgan Chase & Co.1.23%
Advanced Micro Devices Inc1.21%
Johnson & Johnson1.02%
Visa Inc0.97%
AbbVie Inc0.71%
Walmart Inc0.69%
Mastercard Inc0.66%
Cisco Systems Inc0.63%
Coca-Cola Co/The0.63%
Palantir Technologies Inc0.59%
Merck & Co Inc0.58%
Costco Wholesale Corp0.50%
Intel Corp0.49%
Philip Morris International Inc0.48%
Bank of America Corp0.47%
Applied Materials Inc0.47%
Procter & Gamble Co/The0.46%
Palo Alto Networks Inc0.46%
UnitedHealth Group Inc0.46%
Lam Research Corp0.46%
Goldman Sachs Group Inc/The0.41%
RTX Corp0.41%
Ge Aerospace0.40%
Amgen Inc0.37%
Morgan Stanley0.37%
Thermo Fisher Scientific Inc0.36%
GE Vernova Inc0.36%
Analog Devices Inc0.36%
Home Depot Inc/The0.35%
Verizon Communications Inc0.34%
Welltower Inc0.34%
Citigroup Inc0.34%
International Business Machines Corp0.32%
Wells Fargo & Co0.32%
Union Pacific Corp0.31%
Gilead Sciences Inc0.31%
Kla Corp0.31%

Only in TEXN

175 securities, 20.0% of TEXN by weight

Eog Resources1.43%
Space Exploration Technologies Cor1.33%
Cheniere Energy1.11%
Natera0.91%
Crown Castle Inc0.61%
Cbre Group Class A0.61%
Kimberly Clark0.57%
Atmos Energy0.46%
Technipfmc PLC0.43%
Copart Inc0.41%
Ati0.36%
Tenet Healthcare Corp0.35%
Permian Resources Class A0.33%
Expand Energy0.32%
Nrg Energy Inc0.31%
Apa0.30%
Jacobs Solutions Inc0.29%
Hf Sinclair0.28%
Tyler Technologies0.26%
Invitation Homes0.25%
Talen Energy0.25%
Somnigroup International0.23%
Range Resources0.20%
Lennox International0.17%
Ast Spacemobile Class A0.17%
Sterling Infrastructure0.17%
Service0.16%
Flowserve0.16%
Gamestop Class A0.16%
Camden Property Trust Reit0.16%
Match Group Inc0.15%
Cullen Frost Bankers0.15%
Corebridge Financial Inc0.15%
Viper Energy Inc Class A0.14%
Brinker International Inc0.14%
Chord Energy0.14%
Darling Ingredients0.14%
Prosperity Bancshares0.13%
American Airlines Group0.13%
Aecom0.13%
Kirby Corp0.12%
Kratos Defense and Security Soluti0.12%
Silicon Laboratories0.12%
Firstcash Holdings Inc0.12%
Commercial Metals0.11%
Matador Resources0.11%
Nov0.11%
Tpg Inc Class A0.11%
Builders Firstsource Inc0.11%
Weatherford International PLC0.10%

Weight gaps

All 38 Holdings in both funds, largest gap first.

Holding weights in AAUA and TEXN, widest gap first
Holding	More in AAUAMore in TEXN	AAUA	TEXN
ExxonMobil Holdings CorpXOM	TEXN +10.18 points	1.10%	11.28%
Tesla IncTSLA	TEXN +9.22 points	1.53%	10.75%
Chevron CorpCVX	TEXN +6.35 points	0.68%	7.03%
Caterpillar IncCAT	TEXN +4.09 points	0.46%	4.55%
Texas Instruments IncTXN	TEXN +3.98 points	0.42%	4.40%
Crowdstrike Holdings IncCRWD	TEXN +3.66 points	0.39%	4.05%
Oracle CorpORCL	TEXN +3.31 points	0.29%	3.60%
ConocoPhillipsCOP	TEXN +2.72 points	0.30%	3.02%
Charles Schwab Corp/TheSCHW	TEXN +2.12 points	0.20%	2.32%
AT&T IncT	TEXN +2.08 points	0.22%	2.30%
Dell Technologies IncDELL	TEXN +1.84 points	0.22%	2.06%
McKesson CorpMCK	TEXN +1.72 points	0.16%	1.88%
Valero Energy CorpVLO	TEXN +1.63 points	0.21%	1.84%
Phillips 66PSX	TEXN +1.61 points	0.21%	1.82%
Quanta Services IncPWR	TEXN +1.33 points	0.16%	1.49%
Waste Management IncWM	TEXN +1.32 points	0.08%	1.40%
SLB LtdSLB	TEXN +1.15 points	0.14%	1.29%
Kinder Morgan IncKMI	TEXN +1.05 points	0.01%	1.06%
Hewlett Packard Enterprise CoHPE	TEXN +1.03 points	0.14%	1.17%
Digital Realty Trust IncDLR	TEXN +1.00 points	0.08%	1.08%
Targa Resources CorpTRGP	TEXN +0.90 points	0.18%	1.08%
Devon Energy CorpDVN	TEXN +0.84 points	0.11%	0.95%
Public StoragePSA	TEXN +0.84 points	0.04%	0.88%
Baker Hughes CoBKR	TEXN +0.82 points	0.06%	0.88%
Vistra CorpVST	TEXN +0.73 points	0.02%	0.75%
Occidental Petroleum CorpOXY	TEXN +0.66 points	0.09%	0.75%
Keurig Dr Pepper IncKDP	TEXN +0.64 points	0.11%	0.75%
Diamondback Energy IncFANG	TEXN +0.61 points	0.09%	0.70%
Sysco CorpSYY	TEXN +0.61 points	0.03%	0.64%
Comfort Systems USA IncFIX	TEXN +0.60 points	0.09%	0.69%
DR Horton IncDHI	TEXN +0.55 points	0.03%	0.58%
Flex LtdFLEX	TEXN +0.44 points	0.07%	0.51%
CenterPoint Energy IncCNP	TEXN +0.42 points	0.03%	0.45%
Halliburton CoHAL	TEXN +0.40 points	0.08%	0.48%
Texas Pacific Land CorpTPL	TEXN +0.29 points	0.02%	0.31%
Southwest Airlines CoLUV	TEXN +0.28 points	0.03%	0.31%
LyondellBasell Industries NVLYB	TEXN +0.21 points	0.07%	0.28%
Globe Life IncGL	TEXN +0.15 points	0.05%	0.20%

All AAUA holdings⁠All 213 TEXN holdings⁠

How we measure overlap

Each holding counts at its smaller weight in the two funds, summed over the full Holdings. Sector, country and asset class use the same rule on each fund’s split. Cash, FX and derivative lines stay out of the counts. Two bond funds get no overlap figure.

AAUA vs TEXN Cost

Overpaying TEXN vs AAUA

$2,257

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

AAUA 0.09%
$1,898
TEXN 0.20%
$4,155

Amount$10,000

Years30 years

Cost over time

AAUA 0.09%
TEXN 0.20%
Overpaying

Year by year

Year	AAUA	TEXN	Overpaying
10	$165	$365	$200
20	$646	$1,421	$775
30	$1,898	$4,155	$2,257

Expense ratio

0.09%AAUA, cheaper
0.20%TEXN

AAUA0.09%TEXN0.20%

0.07%0.30%

Middle half of US Stocks funds
Median 0.10%

AAUA 2nd cheapest of 7 funds

TEXN 6th cheapest of 7 funds

AAUA vs TEXN Dividends

Last 12 months to Oct 30, 2026

Yield (12M): AAUA No data; TEXN 1.36%
Payout (12M): AAUA None; TEXN $0.47
Last payment: AAUA No data; TEXN $0.12
Ex-dividend: AAUA No data; TEXN Sep 15, 2026
Paid on: AAUA No data; TEXN Sep 18, 2026
Frequency: AAUA No data; TEXN Quarterly

Distribution history

Per share, 2025 to 2026, same scale for both

AAUAAll AAUA payments⁠

No distribution history available.

TEXNQuarterly · 5 paymentsAll TEXN payments⁠

AAUA vs TEXN Risk

Fall from peak · 5 years

This chart needs five years of history for both funds.

Risk facts

VolatilityStd dev, 3 years: AAUA No dataTEXN 11.0%since Jul 2025
Return per unit of riskSharpe ratio, 3 years: AAUA No dataTEXN 1.93since Jul 2025
Worst fallMax drawdown, 5 years: AAUA No dataTEXN −8.8%since Jun 2025
Market sensitivityBeta, 5 years: AAUA 1.03TEXN 0.53; Market = 1

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