DRIV vs. TAN

Last updated Jun 23, 2026

DRIV (Global X Autonomous & Electric Vehicles ETF) and TAN (Invesco Solar ETF) are both exchange-traded funds - DRIV is a Global Equities fund tracking the Solactive Autonomous & Electric Vehicles Index, while TAN is a Alternative Energy Equities fund tracking the MAC Global Solar Energy Index. Both are passively managed. Over the past 5 years, DRIV returned 9.02%/yr vs -6.08%/yr for TAN. A 0.64 correlation means they provide meaningful diversification when combined. DRIV charges 0.68%/yr vs 0.69%/yr for TAN.

Performance

DRIV vs. TAN - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Global X Autonomous & Electric Vehicles ETF (DRIV) and Invesco Solar ETF (TAN). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, DRIV achieves a 36.09% return, which is significantly higher than TAN's 24.41% return.

DRIV

• 1D: 0.36%
• 1M: -0.36%
• YTD: 36.09%
• 6M: 33.56%
• 1Y: 83.16%
• 3Y*: 19.16%
• 5Y*: 9.02%
• 10Y*: —

TAN

• 1D: 0.87%
• 1M: -7.34%
• YTD: 24.41%
• 6M: 18.89%
• 1Y: 90.67%
• 3Y*: -3.33%
• 5Y*: -6.08%
• 10Y*: 12.83%

*Multi-year figures are annualized to reflect compound growth (CAGR)

DRIV vs. TAN - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018
DRIV Global X Autonomous & Electric Vehicles ETF	36.09%	30.42%	-5.04%	26.14%	-34.13%	27.80%	62.76%	28.54%	-21.03%
TAN Invesco Solar ETF	24.41%	48.31%	-37.61%	-26.79%	-5.24%	-25.10%	233.96%	66.53%	-23.85%

Correlation

The correlation between DRIV and TAN is 0.65, which is moderate. They share some common price drivers but move independently often enough to provide real diversification benefit when combined.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.65
Correlation (3Y) Calculated over the trailing 3-year period	0.67
Correlation (5Y) Calculated over the trailing 5-year period	0.68
Correlation (All Time) Calculated using the full available price history since Apr 17, 2018	0.64

The correlation between DRIV and TAN has been stable across timeframes, ranging from 0.64 to 0.68 - a consistent structural relationship.

DRIV vs. TAN - Sectors Allocation Comparison

Sectors	DRIV	TAN
Technology	37.3%	65.1%
Consumer Cyclical	25.3%	-
Industrials	18.0%	2.3%
Basic Materials	13.7%	-
Communication Services	5.7%	-
Consumer Defensive	-	-
Energy	-	57.3%
Financial Services	-	3.5%
Healthcare	-	-
Real Estate	-	-
Utilities	-	29.2%

Return for Risk

DRIV vs. TAN — Risk / Return Rank

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

DRIV

DRIV Risk / Return Rank: 89
DRIV Sharpe Ratio Rank: 92
DRIV Sortino Ratio Rank: 84
DRIV Omega Ratio Rank: 83
DRIV Calmar Ratio Rank: 93
DRIV Martin Ratio Rank: 90

TAN

TAN Risk / Return Rank: 74
TAN Sharpe Ratio Rank: 78
TAN Sortino Ratio Rank: 69
TAN Omega Ratio Rank: 61
TAN Calmar Ratio Rank: 84
TAN Martin Ratio Rank: 76

The rank (0–100) shows how this investment's returns compare to the risk taken. Higher = better. Based on the past 12 months of data, combining Sharpe, Sortino, and other metrics used by quantitative funds and institutional investors.

DRIV vs. TAN - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Global X Autonomous & Electric Vehicles ETF (DRIV) 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.

Values are calculated on a 1-year rolling basis and updated daily. Risk-adjusted metrics are more stable over longer periods — use the period switch above to explore them.

	DRIV	TAN	Difference
Sharpe ratio: Return per unit of total volatility	3.08	2.38	+0.69
Sortino ratio: Return per unit of downside risk	3.58	3.03	+0.55
Omega ratio: Gain probability vs. loss probability	1.48	1.36	+0.12
Calmar ratio: Return relative to maximum drawdown	6.23	4.35	+1.87
Martin ratio: Return relative to average drawdown	20.02	13.98	+6.04

DRIV vs. TAN - Sharpe Ratio Comparison

The current DRIV Sharpe Ratio is 3.08, which is comparable to the TAN Sharpe Ratio of 2.38. The chart below compares the historical Sharpe Ratios of DRIV and TAN, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Drawdowns

DRIV vs. TAN - Drawdown Comparison

The maximum DRIV drawdown since its inception was -41.93%, smaller than the maximum TAN drawdown of -95.29%. Use the drawdown chart below to compare losses from any high point for DRIV and TAN.

Drawdown Indicators

	DRIV	TAN	Difference
Max Drawdown Largest peak-to-trough decline	-41.93%	-95.29%	+53.36%
Max Drawdown (1Y) Largest decline over 1 year	-13.43%	-20.94%	+7.51%
Max Drawdown (3Y) Largest decline over 3 years	-34.18%	-64.40%	+30.22%
Max Drawdown (5Y) Largest decline over 5 years	-41.93%	-73.95%	+32.02%
Max Drawdown (10Y) Largest decline over 10 years	—	-78.53%	—
Current Drawdown Current decline from peak	-5.34%	-71.94%	+66.60%
Average Drawdown Average peak-to-trough decline	-15.08%	-78.47%	+63.39%
Ulcer Index Depth and duration of drawdowns from previous peaks	4.17%	6.51%	-2.34%

Volatility

DRIV vs. TAN - Volatility Comparison

The current volatility for Global X Autonomous & Electric Vehicles ETF (DRIV) is 12.79%, while Invesco Solar ETF (TAN) has a volatility of 16.46%. This indicates that DRIV experiences smaller price fluctuations and is considered to be less risky than TAN based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	DRIV	TAN	Difference
Volatility (1M) Calculated over the trailing 1-month period	12.79%	16.46%	-3.67%
Volatility (6M) Calculated over the trailing 6-month period	22.12%	28.51%	-6.39%
Volatility (1Y) Calculated over the trailing 1-year period	27.22%	38.32%	-11.10%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	27.49%	40.11%	-12.62%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	27.59%	38.17%	-10.58%

DRIV vs. TAN - Expense Ratio Comparison

DRIV has a 0.68% expense ratio, which is lower than TAN's 0.69% expense ratio.

Dividends

DRIV vs. TAN - Dividend Comparison

DRIV's dividend yield for the trailing twelve months is around 0.79%, while TAN has not paid dividends to shareholders.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
DRIV Global X Autonomous & Electric Vehicles ETF	0.79%	1.07%	2.07%	1.62%	1.24%	0.32%	0.29%	1.23%	2.79%	0.00%	0.00%	0.00%
TAN Invesco Solar ETF	0.00%	0.00%	0.50%	0.09%	0.00%	0.00%	0.09%	0.30%	0.69%	1.77%	5.04%	1.60%

Frequently Asked Questions

Can I hold both DRIV and TAN in my portfolio?

DRIV and TAN have a correlation of 0.65, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, DRIV or TAN?

TAN has higher volatility (16.46%) compared to DRIV (12.79%). In terms of maximum drawdown, DRIV dropped -41.93% vs TAN's -95.29%.

Which ETF is better, DRIV or TAN?

On 5-year performance, DRIV leads with 9.02% vs -6.08% for TAN. On fees, DRIV is cheaper at 0.68% per year. On volatility, DRIV has been the lower-risk option at 12.79%. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF has performed better, DRIV or TAN?

Over the 5-year period, DRIV has performed better with a 9.02% return vs -6.08%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, DRIV or TAN?

DRIV is cheaper with a 0.68% expense ratio, compared with 0.69% for TAN.

Which ETF pays a higher dividend yield, DRIV or TAN?

DRIV has the higher dividend yield at 0.79%, compared with 0.00% for TAN.

What is the main difference between DRIV and TAN?

DRIV is categorized as Global Equities, while TAN is Alternative Energy Equities. DRIV tracks Solactive Autonomous & Electric Vehicles Index, while TAN tracks MAC Global Solar Energy Index. They also come from different issuers: Global X and Invesco. Their fees differ too: 0.68% for DRIV and 0.69% for TAN.

Which has better risk-adjusted returns?

DRIV currently has the higher Sharpe Ratio (3.08 vs 2.38), meaning it's delivered slightly more return per unit of risk over the trailing 12 months. However, this ranking shifts over time - use the Risk/Return Score above for a more comprehensive view that combines Sharpe, Sortino, and other measures used by quantitative funds.