EILGX vs. TAN

Last updated Jul 15, 2026

EILGX (Eaton Vance-Atlanta Capital Focused Growth) and TAN (Invesco Solar ETF) are both funds - EILGX is a Large Cap Growth Equities fund managed by Eaton Vance, while TAN is a Alternative Energy Equities fund tracking the MAC Global Solar Energy Index. Over the past 10 years, EILGX returned 13.82%/yr vs 10.85%/yr for TAN. A 0.52 correlation means they provide meaningful diversification when combined. EILGX charges 0.78%/yr vs 0.69%/yr for TAN.

Performance

EILGX vs. TAN - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Eaton Vance-Atlanta Capital Focused Growth (EILGX) 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, EILGX achieves a -6.92% return, which is significantly lower than TAN's 12.24% return. Over the past 10 years, EILGX has outperformed TAN with an annualized return of 13.82%, while TAN has yielded a comparatively lower 10.85% annualized return.

EILGX

• 1D: 1.13%
• 1M: 3.93%
• 6M: -7.88%
• YTD: -6.92%
• 1Y: -3.14%
• 3Y*: 7.50%
• 5Y*: 5.00%
• 10Y*: 13.82%

TAN

• 1D: 3.78%
• 1M: -12.53%
• 6M: 5.63%
• YTD: 12.24%
• 1Y: 43.94%
• 3Y*: -7.79%
• 5Y*: -7.58%
• 10Y*: 10.85%

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

EILGX vs. TAN - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
EILGX Eaton Vance-Atlanta Capital Focused Growth	-6.92%	10.85%	10.63%	25.66%	-20.27%	30.41%	27.18%	38.37%	8.31%	27.41%
TAN Invesco Solar ETF	12.24%	48.31%	-37.61%	-26.79%	-5.24%	-25.10%	233.96%	66.53%	-25.67%	54.38%

Correlation

The correlation between EILGX and TAN is 0.08, meaning there is essentially no relationship between their price movements. Each responds to its own set of market drivers, making them strong candidates for combining in a diversified portfolio.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.08
Correlation (3Y) Calculated over the trailing 3-year period	0.27
Correlation (5Y) Calculated over the trailing 5-year period	0.38
Correlation (10Y) Calculated over the trailing 10-year period	0.43
Correlation (All Time) Calculated using the full available price history since Apr 15, 2008	0.52

Over the past year, the correlation between EILGX and TAN has dropped to 0.08 - well below their long-term average of 0.52, suggesting their price drivers have been diverging.

Return for Risk

EILGX vs. TAN — Risk / Return Rank

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

EILGX

EILGX Risk / Return Rank: 2
EILGX Sharpe Ratio Rank: 2
EILGX Sortino Ratio Rank: 2
EILGX Omega Ratio Rank: 2
EILGX Calmar Ratio Rank: 2
EILGX Martin Ratio Rank: 2

TAN

TAN Risk / Return Rank: 39
TAN Sharpe Ratio Rank: 40
TAN Sortino Ratio Rank: 41
TAN Omega Ratio Rank: 36
TAN Calmar Ratio Rank: 38
TAN Martin Ratio Rank: 40

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.

EILGX vs. TAN - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Eaton Vance-Atlanta Capital Focused Growth (EILGX) 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.

	EILGX	TAN	Difference
Sharpe ratio: Return per unit of total volatility	-0.22	1.15	-1.37
Sortino ratio: Return per unit of downside risk	-0.23	1.75	-1.98
Omega ratio: Gain probability vs. loss probability	0.97	1.20	-0.23
Calmar ratio: Return relative to maximum drawdown	-0.19	1.57	-1.76
Martin ratio: Return relative to average drawdown	-0.40	5.06	-5.46

EILGX vs. TAN - Sharpe Ratio Comparison

The current EILGX Sharpe Ratio is -0.22, which is lower than the TAN Sharpe Ratio of 1.15. The chart below compares the historical Sharpe Ratios of EILGX 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

EILGX vs. TAN - Drawdown Comparison

The maximum EILGX drawdown since its inception was -51.01%, smaller than the maximum TAN drawdown of -95.29%. Use the drawdown chart below to compare losses from any high point for EILGX and TAN.

Drawdown Indicators

	EILGX	TAN	Difference
Max Drawdown Largest peak-to-trough decline	-51.01%	-95.29%	+44.28%
Max Drawdown (1Y) Largest decline over 1 year	-15.18%	-28.15%	+12.97%
Max Drawdown (3Y) Largest decline over 3 years	-15.18%	-64.40%	+49.22%
Max Drawdown (5Y) Largest decline over 5 years	-27.35%	-73.95%	+46.60%
Max Drawdown (10Y) Largest decline over 10 years	-30.85%	-78.53%	+47.68%
Current Drawdown Current decline from peak	-8.97%	-74.68%	+65.71%
Average Drawdown Average peak-to-trough decline	-7.14%	-78.46%	+71.32%
Ulcer Index Depth and duration of drawdowns from previous peaks	7.35%	8.71%	-1.36%

Volatility

EILGX vs. TAN - Volatility Comparison

The current volatility for Eaton Vance-Atlanta Capital Focused Growth (EILGX) is 5.42%, while Invesco Solar ETF (TAN) has a volatility of 11.81%. This indicates that EILGX 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

	EILGX	TAN	Difference
Volatility (1M) Calculated over the trailing 1-month period	5.42%	11.81%	-6.39%
Volatility (6M) Calculated over the trailing 6-month period	10.88%	29.14%	-18.26%
Volatility (1Y) Calculated over the trailing 1-year period	13.17%	38.54%	-25.37%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	16.88%	40.11%	-23.23%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	17.93%	38.20%	-20.27%

EILGX vs. TAN - Expense Ratio Comparison

EILGX has a 0.78% expense ratio, which is higher than TAN's 0.69% expense ratio.

Dividends

EILGX vs. TAN - Dividend Comparison

EILGX's dividend yield for the trailing twelve months is around 16.53%, while TAN has not paid dividends to shareholders.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
EILGX Eaton Vance-Atlanta Capital Focused Growth	16.53%	15.39%	4.34%	0.57%	0.32%	2.18%	0.62%	0.17%	19.72%	54.05%	17.75%	23.15%
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 EILGX and TAN in my portfolio?

EILGX and TAN have a correlation of 0.08, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, EILGX or TAN?

TAN has higher volatility (11.81%) compared to EILGX (5.42%). In terms of maximum drawdown, EILGX dropped -51.01% vs TAN's -95.29%.

Which has better risk-adjusted returns?

TAN currently has the higher Sharpe Ratio (1.15 vs -0.22), 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.