Renewable Energy
Performance
Risk-Adjusted Performance
Dividends
Drawdowns
Volatility
Diversification
Renewable Energy
Currency in USD · Last updated Jun 2, 2025
Asset Allocation
Every 3 months
Performance
Performance Chart
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The earliest data available for this chart is Oct 28, 2021, corresponding to the inception date of FLNC
Returns By Period
| YTD | 1M | 6M | 1Y | 5Y* | 10Y* | |
|---|---|---|---|---|---|---|
^GSPC S&P 500 | 0.51% | 3.96% | -2.00% | 12.02% | 14.19% | 10.85% |
| Renewable Energy | -15.34% | 5.85% | -17.40% | -27.80% | N/A | N/A |
| Portfolio components: | ||||||
ENPH Enphase Energy, Inc. | -39.74% | -9.15% | -41.99% | -67.64% | -6.59% | 15.53% |
SEDG SolarEdge Technologies, Inc. | 31.32% | 36.34% | 13.04% | -63.54% | -33.93% | -7.14% |
FSLR First Solar, Inc. | -10.30% | 21.10% | -20.67% | -41.83% | 27.66% | 11.99% |
ED Consolidated Edison, Inc. | 19.16% | -4.23% | 5.70% | 14.36% | 10.81% | 9.42% |
PLUG Plug Power Inc. | -58.56% | 4.70% | -60.59% | -73.49% | -26.83% | -10.90% |
ORA Ormat Technologies, Inc. | 10.13% | 3.10% | -8.63% | -0.78% | 1.05% | 7.83% |
NPI.TO Northland Power Inc. | 22.86% | 13.12% | 6.44% | -5.31% | -2.80% | 8.30% |
DUK Duke Energy Corporation | 11.28% | -2.29% | 2.43% | 17.95% | 10.93% | 9.06% |
GE General Electric Company | 47.71% | 18.40% | 35.47% | 49.90% | 50.36% | 8.05% |
STEM Stem, Inc. | -18.89% | -5.12% | 24.71% | -63.23% | N/A | N/A |
MAXN Maxeon Solar Technologies, Ltd. | -59.55% | 6.27% | -62.35% | -98.38% | N/A | N/A |
FREY FREYR Battery | -48.45% | 0.00% | -35.75% | -44.58% | N/A | N/A |
BE Bloom Energy Corporation | -16.84% | 12.35% | -32.71% | 13.17% | 18.13% | N/A |
AMRC Ameresco, Inc. | -41.31% | 14.83% | -51.08% | -62.27% | -8.48% | 6.84% |
SPWR SunPower Corporation | -22.35% | -26.46% | -30.85% | -20.57% | N/A | N/A |
CSIQ Canadian Solar Inc. | -5.31% | 10.26% | -15.15% | -46.38% | -10.95% | -10.57% |
NOVA Sunnova Energy International Inc. | -93.67% | 20.56% | -96.08% | -95.84% | -57.14% | N/A |
LTHM Livent Corporation | 0.00% | 0.00% | 0.00% | 0.00% | N/A | N/A |
JKS JinkoSolar Holding Co., Ltd. | -27.39% | 0.78% | -18.52% | -34.30% | 5.25% | -3.45% |
AY Atlantica Sustainable Infrastructure plc | 0.00% | 0.00% | 0.23% | 3.12% | N/A | N/A |
FLNC Fluence Energy, Inc. | -70.40% | 8.29% | -75.01% | -81.30% | N/A | N/A |
NEP NextEra Energy Partners, LP | -40.79% | 0.00% | -39.67% | -66.06% | N/A | N/A |
ARRY Array Technologies, Inc. | 9.27% | 31.47% | -1.64% | -53.46% | N/A | N/A |
BLNK Blink Charging Co. | -49.42% | -6.14% | -55.79% | -77.40% | -16.09% | N/A |
INE.TO Innergex Renewable Energy Inc. | 78.81% | 1.47% | 62.33% | 43.78% | -2.31% | 6.51% |
ALB Albemarle Corporation | -34.86% | -7.53% | -47.73% | -53.70% | -5.09% | 0.56% |
IFX.DE Infineon Technologies AG | 20.12% | 14.65% | 20.42% | -1.75% | 13.67% | 12.42% |
TSLA Tesla, Inc. | -14.21% | 20.63% | 0.38% | 94.55% | 44.15% | 35.54% |
*Annualized
Monthly Returns
The table below presents the monthly returns of Renewable Energy, with color gradation from worst to best to easily spot seasonal factors. Returns are adjusted for dividends.
| Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec | Total | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2025 | -5.70% | -5.83% | -6.34% | -4.52% | 6.61% | -15.34% | |||||||
| 2024 | -16.48% | -1.83% | 0.03% | -7.27% | 24.82% | -17.36% | 3.74% | -5.23% | 8.37% | -9.14% | 9.25% | -2.43% | -19.03% |
| 2023 | 16.66% | -8.71% | 2.21% | -8.10% | 2.41% | 4.52% | -1.20% | -14.79% | -13.15% | -19.08% | 7.00% | 13.84% | -22.84% |
| 2022 | -15.35% | 4.64% | 9.96% | -18.32% | 9.03% | -6.21% | 23.91% | 11.65% | -10.77% | -2.26% | 8.35% | -12.80% | -7.27% |
| 2021 | 1.64% | -3.26% | -9.38% | -10.89% |
Go deeper with the Portfolio Analysis tool — backtest performance, assess risk, compare to benchmarks, and more
Expense Ratio
Renewable Energy has an expense ratio of 0.00%, meaning no management fees are charged. Below, you can find the expense ratios of the portfolio's funds side by side and easily compare their relative costs.
The portfolio doesn't include any funds that charge management fees.
Risk-Adjusted Performance
Risk-Adjusted Performance Rank
The current rank of Renewable Energy is 1, meaning it’s performing worse than 99% of other portfolios on our website when it comes to balancing risk and reward. Below is a breakdown of how it compares using common performance measures.
Overall Rank
Sharpe Ratio Rank
Sortino Ratio Rank
Omega Ratio Rank
Calmar Ratio Rank
Martin Ratio Rank
The risk-adjusted ranks indicate the investment's position relative to the market. A rank closer to 100 signifies top-performing investments, while a rank closer to 0 might suggest underperformance, based on the selected ratio. The values are calculated based on the past 12 months of returns.
Risk-Adjusted Performance Indicators
This table presents a comparison of risk-adjusted performance metrics for positions. 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.
Portfolio components
| Sharpe ratio | Sortino ratio | Omega ratio | Calmar ratio | Martin ratio | |
|---|---|---|---|---|---|
ENPH Enphase Energy, Inc. | -1.01 | -1.63 | 0.80 | -0.75 | -1.50 |
SEDG SolarEdge Technologies, Inc. | -0.59 | -0.49 | 0.94 | -0.63 | -1.00 |
FSLR First Solar, Inc. | -0.71 | -0.87 | 0.90 | -0.68 | -1.04 |
ED Consolidated Edison, Inc. | 0.83 | 1.38 | 1.17 | 1.04 | 2.48 |
PLUG Plug Power Inc. | -0.77 | -1.16 | 0.88 | -0.71 | -1.55 |
ORA Ormat Technologies, Inc. | -0.02 | 0.24 | 1.03 | 0.03 | 0.09 |
NPI.TO Northland Power Inc. | -0.19 | -0.18 | 0.98 | -0.12 | -0.41 |
DUK Duke Energy Corporation | 1.10 | 1.52 | 1.19 | 1.64 | 4.00 |
GE General Electric Company | 1.46 | 2.01 | 1.31 | 2.48 | 7.81 |
STEM Stem, Inc. | -0.40 | 0.34 | 1.04 | -0.60 | -0.95 |
MAXN Maxeon Solar Technologies, Ltd. | -0.59 | -1.88 | 0.77 | -0.98 | -1.06 |
FREY FREYR Battery | -0.42 | 0.19 | 1.02 | -0.38 | -0.89 |
BE Bloom Energy Corporation | 0.11 | 1.18 | 1.14 | 0.33 | 0.96 |
AMRC Ameresco, Inc. | -0.74 | -0.85 | 0.89 | -0.65 | -1.37 |
SPWR SunPower Corporation | -0.20 | 0.69 | 1.08 | -0.06 | -0.15 |
CSIQ Canadian Solar Inc. | -0.56 | -0.29 | 0.97 | -0.46 | -1.10 |
NOVA Sunnova Energy International Inc. | -0.64 | -1.53 | 0.79 | -0.96 | -1.44 |
LTHM Livent Corporation | — | — | — | 0.00 | — |
JKS JinkoSolar Holding Co., Ltd. | -0.46 | 0.03 | 1.00 | -0.29 | -0.75 |
AY Atlantica Sustainable Infrastructure plc | 1.56 | 2.19 | 1.44 | 0.08 | 14.87 |
FLNC Fluence Energy, Inc. | -0.90 | -1.55 | 0.79 | -0.87 | -1.65 |
NEP NextEra Energy Partners, LP | -1.38 | -2.18 | 0.62 | -0.76 | -1.41 |
ARRY Array Technologies, Inc. | -0.61 | -0.54 | 0.94 | -0.60 | -0.99 |
BLNK Blink Charging Co. | -1.04 | -2.13 | 0.77 | -0.78 | -1.32 |
INE.TO Innergex Renewable Energy Inc. | 0.75 | 2.23 | 1.26 | 0.50 | 1.99 |
ALB Albemarle Corporation | -0.93 | -1.32 | 0.84 | -0.60 | -1.82 |
IFX.DE Infineon Technologies AG | -0.06 | 0.13 | 1.02 | -0.10 | -0.25 |
TSLA Tesla, Inc. | 1.27 | 2.09 | 1.25 | 1.63 | 3.81 |
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Go to the full Sharpe Ratio tool to analyze any stock or portfolio. Customize time frames, set your own risk-free rate, and more
Dividends
Dividend yield
Renewable Energy provided a 1.84% dividend yield over the last twelve months.
| TTM | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Portfolio | 1.84% | 2.17% | 1.74% | 1.08% | 0.94% | 0.92% | 1.15% | 1.38% | 1.20% | 1.11% | 1.33% | 1.04% |
| Portfolio components: | ||||||||||||
ENPH Enphase Energy, Inc. | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
SEDG SolarEdge Technologies, Inc. | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
FSLR First Solar, Inc. | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
ED Consolidated Edison, Inc. | 3.22% | 3.72% | 3.56% | 3.32% | 3.63% | 4.23% | 3.27% | 3.74% | 3.25% | 3.64% | 4.05% | 3.82% |
PLUG Plug Power Inc. | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
ORA Ormat Technologies, Inc. | 0.65% | 0.71% | 0.63% | 0.56% | 0.61% | 0.49% | 0.59% | 1.01% | 0.64% | 0.97% | 0.71% | 0.77% |
NPI.TO Northland Power Inc. | 8.45% | 11.02% | 6.95% | 5.01% | 5.04% | 4.11% | 6.77% | 5.53% | 4.67% | 4.64% | 5.79% | 7.06% |
DUK Duke Energy Corporation | 3.55% | 3.84% | 4.18% | 3.86% | 3.72% | 4.17% | 4.11% | 4.21% | 4.15% | 4.33% | 4.54% | 3.77% |
GE General Electric Company | 0.49% | 0.67% | 0.25% | 0.38% | 0.34% | 0.37% | 0.36% | 4.89% | 4.81% | 2.94% | 2.95% | 3.52% |
STEM Stem, Inc. | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
MAXN Maxeon Solar Technologies, Ltd. | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
FREY FREYR Battery | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
BE Bloom Energy Corporation | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
AMRC Ameresco, Inc. | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
SPWR SunPower Corporation | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
CSIQ Canadian Solar Inc. | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
NOVA Sunnova Energy International Inc. | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
LTHM Livent Corporation | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
JKS JinkoSolar Holding Co., Ltd. | 8.30% | 6.02% | 4.06% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
AY Atlantica Sustainable Infrastructure plc | 3.04% | 7.08% | 8.28% | 6.83% | 4.80% | 4.37% | 5.95% | 6.79% | 6.13% | 2.34% | 7.41% | 1.08% |
FLNC Fluence Energy, Inc. | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
NEP NextEra Energy Partners, LP | 17.29% | 20.20% | 11.10% | 4.27% | 3.08% | 3.37% | 3.74% | 3.98% | 3.46% | 5.08% | 3.03% | 0.56% |
ARRY Array Technologies, Inc. | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
BLNK Blink Charging Co. | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
INE.TO Innergex Renewable Energy Inc. | 2.64% | 4.47% | 7.83% | 4.44% | 3.87% | 2.63% | 4.15% | 5.42% | 4.58% | 4.56% | 5.47% | 5.28% |
ALB Albemarle Corporation | 2.90% | 1.87% | 1.11% | 0.73% | 0.67% | 1.04% | 2.02% | 1.74% | 1.00% | 1.42% | 2.07% | 1.83% |
IFX.DE Infineon Technologies AG | 1.02% | 1.11% | 0.85% | 0.95% | 0.54% | 0.86% | 1.33% | 1.44% | 0.96% | 1.21% | 1.33% | 1.36% |
TSLA Tesla, Inc. | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
Drawdowns
Drawdowns Chart
The Drawdowns chart displays portfolio losses from any high point along the way. Drawdowns are calculated considering price movements and all distributions paid, if any.
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Worst Drawdowns
The table below displays the maximum drawdowns of the Renewable Energy. A maximum drawdown is a measure of risk, indicating the largest reduction in portfolio value due to a series of losing trades.
The maximum drawdown for the Renewable Energy was 65.06%, occurring on Apr 8, 2025. The portfolio has not yet recovered.
The current Renewable Energy drawdown is 59.09%.
Depth | Start | To Bottom | Bottom | To Recover | End | Total |
|---|---|---|---|---|---|---|
| -65.06% | Nov 15, 2021 | 879 | Apr 8, 2025 | — | — | — |
| -4.05% | Nov 9, 2021 | 2 | Nov 10, 2021 | 2 | Nov 12, 2021 | 4 |
| -0.95% | Nov 2, 2021 | 1 | Nov 2, 2021 | 1 | Nov 3, 2021 | 2 |
| -0.59% | Nov 5, 2021 | 1 | Nov 5, 2021 | 1 | Nov 8, 2021 | 2 |
Go to the full Drawdowns tool for more analysis options, including inflation-adjusted drawdowns, and more
Volatility
Volatility Chart
The chart below shows the rolling one-month volatility.
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Diversification
Diversification Metrics
Number of Effective Assets
The portfolio contains 28 assets, with an effective number of assets of 28.00, reflecting the diversification based on asset allocation. This number of effective assets suggests that the portfolio's investments are spread across a variety of assets, indicating a well-diversified allocation. However, true diversification also depends on the correlations between assets.
Asset Correlations Table
The table below displays the correlation coefficients between the individual components of the portfolio, the entire portfolio, and the chosen benchmark.
| ^GSPC | SPWR | ED | DUK | IFX.DE | GE | INE.TO | TSLA | NPI.TO | AY | LTHM | NEP | MAXN | JKS | FREY | STEM | ALB | ORA | BLNK | FSLR | ARRY | FLNC | NOVA | BE | AMRC | CSIQ | PLUG | SEDG | ENPH | Portfolio | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| ^GSPC | 1.00 | 0.13 | 0.19 | 0.20 | 0.44 | 0.60 | 0.34 | 0.60 | 0.37 | 0.39 | 0.47 | 0.39 | 0.35 | 0.35 | 0.42 | 0.43 | 0.53 | 0.47 | 0.49 | 0.42 | 0.40 | 0.46 | 0.40 | 0.53 | 0.49 | 0.41 | 0.50 | 0.46 | 0.46 | 0.63 |
| SPWR | 0.13 | 1.00 | -0.04 | -0.01 | 0.05 | 0.12 | 0.10 | 0.13 | 0.15 | 0.07 | 0.06 | 0.18 | 0.17 | 0.17 | 0.20 | 0.09 | 0.14 | 0.15 | 0.13 | 0.15 | 0.14 | 0.12 | 0.15 | 0.12 | 0.16 | 0.14 | 0.15 | 0.16 | 0.14 | 0.26 |
| ED | 0.19 | -0.04 | 1.00 | 0.83 | 0.00 | 0.11 | 0.24 | -0.05 | 0.25 | 0.29 | 0.08 | 0.34 | 0.04 | -0.01 | 0.03 | 0.05 | 0.08 | 0.31 | -0.02 | 0.06 | 0.09 | 0.01 | 0.13 | 0.06 | 0.12 | 0.06 | 0.05 | 0.11 | 0.10 | 0.13 |
| DUK | 0.20 | -0.01 | 0.83 | 1.00 | -0.02 | 0.10 | 0.25 | -0.04 | 0.26 | 0.33 | 0.07 | 0.37 | 0.02 | -0.02 | 0.04 | 0.04 | 0.05 | 0.31 | -0.02 | 0.08 | 0.11 | 0.02 | 0.13 | 0.08 | 0.13 | 0.04 | 0.06 | 0.11 | 0.10 | 0.14 |
| IFX.DE | 0.44 | 0.05 | 0.00 | -0.02 | 1.00 | 0.31 | 0.24 | 0.32 | 0.23 | 0.21 | 0.31 | 0.21 | 0.20 | 0.25 | 0.27 | 0.23 | 0.36 | 0.21 | 0.31 | 0.26 | 0.23 | 0.28 | 0.21 | 0.31 | 0.32 | 0.24 | 0.29 | 0.29 | 0.25 | 0.40 |
| GE | 0.60 | 0.12 | 0.11 | 0.10 | 0.31 | 1.00 | 0.24 | 0.32 | 0.24 | 0.23 | 0.35 | 0.23 | 0.21 | 0.20 | 0.28 | 0.26 | 0.35 | 0.33 | 0.30 | 0.28 | 0.29 | 0.31 | 0.21 | 0.39 | 0.30 | 0.26 | 0.30 | 0.29 | 0.27 | 0.41 |
| INE.TO | 0.34 | 0.10 | 0.24 | 0.25 | 0.24 | 0.24 | 1.00 | 0.24 | 0.65 | 0.38 | 0.26 | 0.40 | 0.26 | 0.29 | 0.31 | 0.31 | 0.32 | 0.40 | 0.33 | 0.31 | 0.32 | 0.34 | 0.33 | 0.35 | 0.36 | 0.35 | 0.37 | 0.35 | 0.34 | 0.47 |
| TSLA | 0.60 | 0.13 | -0.05 | -0.04 | 0.32 | 0.32 | 0.24 | 1.00 | 0.24 | 0.23 | 0.37 | 0.21 | 0.29 | 0.32 | 0.38 | 0.36 | 0.46 | 0.30 | 0.46 | 0.35 | 0.29 | 0.40 | 0.31 | 0.44 | 0.39 | 0.36 | 0.44 | 0.36 | 0.40 | 0.53 |
| NPI.TO | 0.37 | 0.15 | 0.25 | 0.26 | 0.23 | 0.24 | 0.65 | 0.24 | 1.00 | 0.41 | 0.27 | 0.40 | 0.29 | 0.30 | 0.30 | 0.28 | 0.30 | 0.42 | 0.32 | 0.34 | 0.34 | 0.35 | 0.34 | 0.38 | 0.39 | 0.36 | 0.37 | 0.36 | 0.35 | 0.50 |
| AY | 0.39 | 0.07 | 0.29 | 0.33 | 0.21 | 0.23 | 0.38 | 0.23 | 0.41 | 1.00 | 0.34 | 0.55 | 0.29 | 0.30 | 0.30 | 0.30 | 0.31 | 0.48 | 0.30 | 0.36 | 0.37 | 0.33 | 0.39 | 0.38 | 0.40 | 0.34 | 0.36 | 0.37 | 0.38 | 0.50 |
| LTHM | 0.47 | 0.06 | 0.08 | 0.07 | 0.31 | 0.35 | 0.26 | 0.37 | 0.27 | 0.34 | 1.00 | 0.27 | 0.32 | 0.33 | 0.36 | 0.40 | 0.62 | 0.35 | 0.39 | 0.34 | 0.37 | 0.41 | 0.35 | 0.42 | 0.42 | 0.36 | 0.41 | 0.37 | 0.40 | 0.54 |
| NEP | 0.39 | 0.18 | 0.34 | 0.37 | 0.21 | 0.23 | 0.40 | 0.21 | 0.40 | 0.55 | 0.27 | 1.00 | 0.31 | 0.31 | 0.34 | 0.33 | 0.36 | 0.47 | 0.31 | 0.40 | 0.42 | 0.37 | 0.46 | 0.36 | 0.42 | 0.38 | 0.40 | 0.41 | 0.42 | 0.55 |
| MAXN | 0.35 | 0.17 | 0.04 | 0.02 | 0.20 | 0.21 | 0.26 | 0.29 | 0.29 | 0.29 | 0.32 | 0.31 | 1.00 | 0.47 | 0.44 | 0.48 | 0.40 | 0.39 | 0.45 | 0.51 | 0.50 | 0.46 | 0.53 | 0.46 | 0.45 | 0.56 | 0.49 | 0.50 | 0.52 | 0.66 |
| JKS | 0.35 | 0.17 | -0.01 | -0.02 | 0.25 | 0.20 | 0.29 | 0.32 | 0.30 | 0.30 | 0.33 | 0.31 | 0.47 | 1.00 | 0.42 | 0.41 | 0.44 | 0.39 | 0.46 | 0.49 | 0.48 | 0.49 | 0.50 | 0.48 | 0.49 | 0.72 | 0.50 | 0.54 | 0.55 | 0.67 |
| FREY | 0.42 | 0.20 | 0.03 | 0.04 | 0.27 | 0.28 | 0.31 | 0.38 | 0.30 | 0.30 | 0.36 | 0.34 | 0.44 | 0.42 | 1.00 | 0.50 | 0.46 | 0.42 | 0.53 | 0.43 | 0.48 | 0.50 | 0.46 | 0.51 | 0.50 | 0.47 | 0.56 | 0.50 | 0.50 | 0.68 |
| STEM | 0.43 | 0.09 | 0.05 | 0.04 | 0.23 | 0.26 | 0.31 | 0.36 | 0.28 | 0.30 | 0.40 | 0.33 | 0.48 | 0.41 | 0.50 | 1.00 | 0.42 | 0.41 | 0.54 | 0.45 | 0.50 | 0.59 | 0.50 | 0.54 | 0.53 | 0.50 | 0.58 | 0.51 | 0.52 | 0.70 |
| ALB | 0.53 | 0.14 | 0.08 | 0.05 | 0.36 | 0.35 | 0.32 | 0.46 | 0.30 | 0.31 | 0.62 | 0.36 | 0.40 | 0.44 | 0.46 | 0.42 | 1.00 | 0.44 | 0.50 | 0.41 | 0.45 | 0.46 | 0.44 | 0.47 | 0.48 | 0.49 | 0.52 | 0.50 | 0.50 | 0.66 |
| ORA | 0.47 | 0.15 | 0.31 | 0.31 | 0.21 | 0.33 | 0.40 | 0.30 | 0.42 | 0.48 | 0.35 | 0.47 | 0.39 | 0.39 | 0.42 | 0.41 | 0.44 | 1.00 | 0.40 | 0.47 | 0.47 | 0.44 | 0.49 | 0.49 | 0.52 | 0.49 | 0.48 | 0.50 | 0.53 | 0.64 |
| BLNK | 0.49 | 0.13 | -0.02 | -0.02 | 0.31 | 0.30 | 0.33 | 0.46 | 0.32 | 0.30 | 0.39 | 0.31 | 0.45 | 0.46 | 0.53 | 0.54 | 0.50 | 0.40 | 1.00 | 0.48 | 0.47 | 0.53 | 0.47 | 0.59 | 0.53 | 0.52 | 0.66 | 0.55 | 0.52 | 0.72 |
| FSLR | 0.42 | 0.15 | 0.06 | 0.08 | 0.26 | 0.28 | 0.31 | 0.35 | 0.34 | 0.36 | 0.34 | 0.40 | 0.51 | 0.49 | 0.43 | 0.45 | 0.41 | 0.47 | 0.48 | 1.00 | 0.58 | 0.55 | 0.53 | 0.50 | 0.52 | 0.62 | 0.49 | 0.60 | 0.65 | 0.71 |
| ARRY | 0.40 | 0.14 | 0.09 | 0.11 | 0.23 | 0.29 | 0.32 | 0.29 | 0.34 | 0.37 | 0.37 | 0.42 | 0.50 | 0.48 | 0.48 | 0.50 | 0.45 | 0.47 | 0.47 | 0.58 | 1.00 | 0.58 | 0.60 | 0.51 | 0.54 | 0.60 | 0.53 | 0.61 | 0.61 | 0.73 |
| FLNC | 0.46 | 0.12 | 0.01 | 0.02 | 0.28 | 0.31 | 0.34 | 0.40 | 0.35 | 0.33 | 0.41 | 0.37 | 0.46 | 0.49 | 0.50 | 0.59 | 0.46 | 0.44 | 0.53 | 0.55 | 0.58 | 1.00 | 0.58 | 0.57 | 0.58 | 0.58 | 0.56 | 0.54 | 0.57 | 0.75 |
| NOVA | 0.40 | 0.15 | 0.13 | 0.13 | 0.21 | 0.21 | 0.33 | 0.31 | 0.34 | 0.39 | 0.35 | 0.46 | 0.53 | 0.50 | 0.46 | 0.50 | 0.44 | 0.49 | 0.47 | 0.53 | 0.60 | 0.58 | 1.00 | 0.53 | 0.55 | 0.59 | 0.58 | 0.63 | 0.65 | 0.73 |
| BE | 0.53 | 0.12 | 0.06 | 0.08 | 0.31 | 0.39 | 0.35 | 0.44 | 0.38 | 0.38 | 0.42 | 0.36 | 0.46 | 0.48 | 0.51 | 0.54 | 0.47 | 0.49 | 0.59 | 0.50 | 0.51 | 0.57 | 0.53 | 1.00 | 0.59 | 0.54 | 0.64 | 0.55 | 0.55 | 0.74 |
| AMRC | 0.49 | 0.16 | 0.12 | 0.13 | 0.32 | 0.30 | 0.36 | 0.39 | 0.39 | 0.40 | 0.42 | 0.42 | 0.45 | 0.49 | 0.50 | 0.53 | 0.48 | 0.52 | 0.53 | 0.52 | 0.54 | 0.58 | 0.55 | 0.59 | 1.00 | 0.59 | 0.56 | 0.57 | 0.55 | 0.75 |
| CSIQ | 0.41 | 0.14 | 0.06 | 0.04 | 0.24 | 0.26 | 0.35 | 0.36 | 0.36 | 0.34 | 0.36 | 0.38 | 0.56 | 0.72 | 0.47 | 0.50 | 0.49 | 0.49 | 0.52 | 0.62 | 0.60 | 0.58 | 0.59 | 0.54 | 0.59 | 1.00 | 0.57 | 0.66 | 0.65 | 0.77 |
| PLUG | 0.50 | 0.15 | 0.05 | 0.06 | 0.29 | 0.30 | 0.37 | 0.44 | 0.37 | 0.36 | 0.41 | 0.40 | 0.49 | 0.50 | 0.56 | 0.58 | 0.52 | 0.48 | 0.66 | 0.49 | 0.53 | 0.56 | 0.58 | 0.64 | 0.56 | 0.57 | 1.00 | 0.59 | 0.59 | 0.77 |
| SEDG | 0.46 | 0.16 | 0.11 | 0.11 | 0.29 | 0.29 | 0.35 | 0.36 | 0.36 | 0.37 | 0.37 | 0.41 | 0.50 | 0.54 | 0.50 | 0.51 | 0.50 | 0.50 | 0.55 | 0.60 | 0.61 | 0.54 | 0.63 | 0.55 | 0.57 | 0.66 | 0.59 | 1.00 | 0.79 | 0.77 |
| ENPH | 0.46 | 0.14 | 0.10 | 0.10 | 0.25 | 0.27 | 0.34 | 0.40 | 0.35 | 0.38 | 0.40 | 0.42 | 0.52 | 0.55 | 0.50 | 0.52 | 0.50 | 0.53 | 0.52 | 0.65 | 0.61 | 0.57 | 0.65 | 0.55 | 0.55 | 0.65 | 0.59 | 0.79 | 1.00 | 0.77 |
| Portfolio | 0.63 | 0.26 | 0.13 | 0.14 | 0.40 | 0.41 | 0.47 | 0.53 | 0.50 | 0.50 | 0.54 | 0.55 | 0.66 | 0.67 | 0.68 | 0.70 | 0.66 | 0.64 | 0.72 | 0.71 | 0.73 | 0.75 | 0.73 | 0.74 | 0.75 | 0.77 | 0.77 | 0.77 | 0.77 | 1.00 |
The correlation results are calculated based on daily price changes starting from Oct 29, 2021
Go to the full Correlations tool for more customization options