CSIQ vs. TAN
Compare and contrast key facts about Canadian Solar Inc. (CSIQ) and Invesco Solar ETF (TAN).
TAN is a passively managed fund by Invesco that tracks the performance of the MAC Global Solar Energy Index. It was launched on Apr 15, 2008.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: CSIQ or TAN.
Key characteristics
| CSIQ | TAN | |
|---|---|---|
| YTD Return | -33.05% | -19.29% |
| 1Y Return | -52.63% | -38.38% |
| 3Y Return (Ann) | -23.82% | -16.96% |
| 5Y Return (Ann) | -1.43% | 11.79% |
| 10Y Return (Ann) | -3.97% | 2.35% |
| Sharpe Ratio | -1.07 | -1.04 |
| Daily Std Dev | 49.28% | 37.08% |
| Max Drawdown | -96.02% | -95.29% |
| Current Drawdown | -72.63% | -80.32% |
Correlation
The correlation between CSIQ and TAN is 0.75, which is considered to be high. That indicates a strong positive relationship between their price movements. Having highly-correlated positions in a portfolio may signal a lack of diversification, potentially leading to increased risk during market downturns.
Performance
CSIQ vs. TAN - Performance Comparison
In the year-to-date period, CSIQ achieves a -33.05% return, which is significantly lower than TAN's -19.29% return. Over the past 10 years, CSIQ has underperformed TAN with an annualized return of -3.97%, while TAN has yielded a comparatively higher 2.35% annualized return. The chart below displays the growth of a $10,000 investment in both assets, with all prices adjusted for splits and dividends.
Compare stocks, funds, or ETFs
Search for stocks, ETFs, and funds for a quick comparison or use the comparison tool for more options.
Risk-Adjusted Performance
CSIQ vs. TAN - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for Canadian Solar Inc. (CSIQ) and Invesco Solar ETF (TAN). 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.
Dividends
CSIQ vs. TAN - Dividend Comparison
CSIQ has not paid dividends to shareholders, while TAN's dividend yield for the trailing twelve months is around 0.11%.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
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% |
TAN Invesco Solar ETF | 0.11% | 0.09% | 0.00% | 0.00% | 0.09% | 0.29% | 0.69% | 1.77% | 5.04% | 1.60% | 1.88% | 1.28% |
Drawdowns
CSIQ vs. TAN - Drawdown Comparison
The maximum CSIQ drawdown since its inception was -96.02%, roughly equal to the maximum TAN drawdown of -95.29%. Use the drawdown chart below to compare losses from any high point for CSIQ and TAN. For additional features, visit the drawdowns tool.
Volatility
CSIQ vs. TAN - Volatility Comparison
Canadian Solar Inc. (CSIQ) has a higher volatility of 18.29% compared to Invesco Solar ETF (TAN) at 10.60%. This indicates that CSIQ's price experiences larger fluctuations and is considered to be riskier than TAN based on this measure. The chart below showcases a comparison of their rolling one-month volatility.