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ENPH vs. TAN

Last updated Sep 30, 2023

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


ENPHTAN
YTD Return-54.65%-29.00%
1Y Return-56.76%-29.32%
5Y Return (Ann)90.21%20.38%
10Y Return (Ann)30.66%5.04%
Sharpe Ratio-1.05-0.99
Daily Std Dev56.17%33.51%
Max Drawdown-95.97%-95.22%

Correlation

0.59
-1.001.00

The correlation between ENPH and TAN is 0.59, 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.

ENPH vs. TAN - Performance Comparison

In the year-to-date period, ENPH achieves a -54.65% return, which is significantly lower than TAN's -29.00% return. Over the past 10 years, ENPH has outperformed TAN with an annualized return of 30.66%, while TAN has yielded a comparatively lower 5.04% annualized return. The chart below displays the growth of a $10,000 investment in both assets, with all prices adjusted for splits and dividends.


-40.00%-30.00%-20.00%-10.00%0.00%10.00%MayJuneJulyAugustSeptember
-40.70%
-32.18%
ENPH
TAN

Compare stocks, funds, or ETFs


Enphase Energy, Inc.

Invesco Solar ETF

ENPH vs. TAN - Dividend Comparison

Neither ENPH nor TAN has paid dividends to shareholders.


TTM20222021202020192018201720162015201420132012
ENPH
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%
TAN
Invesco Solar ETF
0.00%0.00%0.00%0.09%0.30%0.70%1.79%5.19%1.73%2.06%1.43%10.31%

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 ratioSortino ratioOmega ratioCalmar ratioUlcer Index
ENPH
Enphase Energy, Inc.
-1.05
TAN
Invesco Solar ETF
-0.99

ENPH vs. TAN - Sharpe Ratio Comparison

The current ENPH Sharpe Ratio is -1.05, which roughly equals the TAN Sharpe Ratio of -0.99. The chart below compares the 12-month rolling Sharpe Ratio of ENPH and TAN.


Rolling 12-month Sharpe Ratio-1.00-0.500.000.50MayJuneJulyAugustSeptember
-1.05
-0.99
ENPH
TAN

ENPH vs. TAN - Drawdown Comparison

The maximum ENPH drawdown for the period was -65.13%, roughly equal to the maximum TAN drawdown of -57.62%. The drawdown chart below compares losses from any high point along the way for ENPH and TAN


-70.00%-60.00%-50.00%-40.00%-30.00%MayJuneJulyAugustSeptember
-64.24%
-57.53%
ENPH
TAN

ENPH vs. TAN - Volatility Comparison

Enphase Energy, Inc. (ENPH) has a higher volatility of 9.85% compared to Invesco Solar ETF (TAN) at 6.66%. 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.


0.00%10.00%20.00%30.00%40.00%MayJuneJulyAugustSeptember
9.85%
6.66%
ENPH
TAN