ENPH vs. TAN
Compare and contrast key facts about Enphase Energy, Inc. (ENPH) 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: ENPH or TAN.
Key characteristics
ENPH | TAN | |
---|---|---|
YTD Return | -8.45% | -14.96% |
1Y Return | -40.68% | -38.80% |
3Y Return (Ann) | -5.24% | -18.63% |
5Y Return (Ann) | 67.44% | 14.53% |
10Y Return (Ann) | 32.37% | 1.39% |
Sharpe Ratio | -0.59 | -1.01 |
Daily Std Dev | 63.19% | 36.93% |
Max Drawdown | -95.97% | -95.29% |
Current Drawdown | -63.99% | -79.27% |
Correlation
The correlation between ENPH and TAN is 0.60, 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.
Performance
ENPH vs. TAN - Performance Comparison
In the year-to-date period, ENPH achieves a -8.45% return, which is significantly higher than TAN's -14.96% return. Over the past 10 years, ENPH has outperformed TAN with an annualized return of 32.37%, while TAN has yielded a comparatively lower 1.39% annualized return. The chart below displays the growth of a $10,000 investment in both assets, with all prices adjusted for splits and dividends.
Risk-Adjusted Performance
ENPH vs. TAN - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for Enphase Energy, Inc. (ENPH) 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.
Sharpe ratio | Sortino ratio | Omega ratio | Calmar ratio | Ulcer Index | |
---|---|---|---|---|---|
Enphase Energy, Inc. | -0.59 | ||||
Invesco Solar ETF | -1.01 |
Dividends
ENPH vs. TAN - Dividend Comparison
ENPH 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 | |
---|---|---|---|---|---|---|---|---|---|---|---|---|
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% |
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
ENPH vs. TAN - Drawdown Comparison
The maximum ENPH drawdown since its inception was -95.97%, roughly equal to the maximum TAN drawdown of -95.29%. The drawdown chart below compares losses from any high point along the way for ENPH and TAN
Volatility
ENPH vs. TAN - Volatility Comparison
Enphase Energy, Inc. (ENPH) has a higher volatility of 17.89% compared to Invesco Solar ETF (TAN) at 9.90%. This indicates that ENPH'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.