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CSIQ vs. TAN
Performance
Risk-Adjusted Performance
Dividends
Drawdowns
Volatility

Correlation

The correlation between CSIQ and TAN is 0.58, which is considered to be moderate. This suggests that the two assets have some degree of positive relationship in their price movements. Moderate correlation can be acceptable for portfolio diversification, offering a balance between risk and potential returns.


-0.50.00.51.0
Correlation: 0.6

Performance

CSIQ vs. TAN - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Canadian Solar Inc. (CSIQ) and Invesco Solar ETF (TAN). The values are adjusted to include any dividend payments, if applicable.

-90.00%-80.00%-70.00%-60.00%-50.00%-40.00%NovemberDecember2025FebruaryMarchApril
-57.44%
-84.42%
CSIQ
TAN

Key characteristics

Sharpe Ratio

CSIQ:

-0.30

TAN:

-0.66

Sortino Ratio

CSIQ:

0.10

TAN:

-0.79

Omega Ratio

CSIQ:

1.01

TAN:

0.91

Calmar Ratio

CSIQ:

-0.28

TAN:

-0.29

Martin Ratio

CSIQ:

-0.69

TAN:

-1.06

Ulcer Index

CSIQ:

36.47%

TAN:

24.48%

Daily Std Dev

CSIQ:

83.61%

TAN:

39.21%

Max Drawdown

CSIQ:

-96.02%

TAN:

-95.29%

Current Drawdown

CSIQ:

-82.62%

TAN:

-86.28%

Returns By Period

In the year-to-date period, CSIQ achieves a 0.27% return, which is significantly higher than TAN's -9.78% return. Over the past 10 years, CSIQ has underperformed TAN with an annualized return of -11.50%, while TAN has yielded a comparatively higher -3.85% annualized return.


CSIQ

YTD

0.27%

1M

12.17%

6M

-16.85%

1Y

-23.10%

5Y*

-7.96%

10Y*

-11.50%

TAN

YTD

-9.78%

1M

-4.72%

6M

-22.91%

1Y

-24.53%

5Y*

1.18%

10Y*

-3.85%

*Annualized

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Risk-Adjusted Performance

CSIQ vs. TAN — Risk-Adjusted Performance Rank

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

CSIQ
The Risk-Adjusted Performance Rank of CSIQ is 3737
Overall Rank
The Sharpe Ratio Rank of CSIQ is 3535
Sharpe Ratio Rank
The Sortino Ratio Rank of CSIQ is 4040
Sortino Ratio Rank
The Omega Ratio Rank of CSIQ is 3939
Omega Ratio Rank
The Calmar Ratio Rank of CSIQ is 3434
Calmar Ratio Rank
The Martin Ratio Rank of CSIQ is 3838
Martin Ratio Rank

TAN
The Risk-Adjusted Performance Rank of TAN is 44
Overall Rank
The Sharpe Ratio Rank of TAN is 22
Sharpe Ratio Rank
The Sortino Ratio Rank of TAN is 22
Sortino Ratio Rank
The Omega Ratio Rank of TAN is 33
Omega Ratio Rank
The Calmar Ratio Rank of TAN is 66
Calmar Ratio Rank
The Martin Ratio Rank of TAN is 55
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.

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.


The chart of Sharpe ratio for CSIQ, currently valued at -0.30, compared to the broader market-2.00-1.000.001.002.003.00
CSIQ: -0.30
TAN: -0.66
The chart of Sortino ratio for CSIQ, currently valued at 0.10, compared to the broader market-6.00-4.00-2.000.002.004.00
CSIQ: 0.10
TAN: -0.79
The chart of Omega ratio for CSIQ, currently valued at 1.01, compared to the broader market0.501.001.502.00
CSIQ: 1.01
TAN: 0.91
The chart of Calmar ratio for CSIQ, currently valued at -0.28, compared to the broader market0.001.002.003.004.005.00
CSIQ: -0.28
TAN: -0.29
The chart of Martin ratio for CSIQ, currently valued at -0.69, compared to the broader market-5.000.005.0010.0015.0020.00
CSIQ: -0.69
TAN: -1.06

The current CSIQ Sharpe Ratio is -0.30, which is higher than the TAN Sharpe Ratio of -0.66. The chart below compares the historical Sharpe Ratios of CSIQ and TAN, offering insights into how both investments have performed under varying market conditions. These values are calculated using daily returns over the previous 12 months.


Rolling 12-month Sharpe Ratio-1.00-0.80-0.60-0.40-0.20NovemberDecember2025FebruaryMarchApril
-0.30
-0.66
CSIQ
TAN

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 0.55%.


TTM20242023202220212020201920182017201620152014
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
0.55%0.50%0.09%0.00%0.00%0.09%0.30%0.70%1.77%5.04%1.60%1.88%

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.


-90.00%-85.00%-80.00%-75.00%NovemberDecember2025FebruaryMarchApril
-82.62%
-86.28%
CSIQ
TAN

Volatility

CSIQ vs. TAN - Volatility Comparison

Canadian Solar Inc. (CSIQ) has a higher volatility of 41.91% compared to Invesco Solar ETF (TAN) at 15.77%. 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.


10.00%20.00%30.00%40.00%NovemberDecember2025FebruaryMarchApril
41.91%
15.77%
CSIQ
TAN