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

Key characteristics


ENPHTAN
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 Dev63.19%36.93%
Max Drawdown-95.97%-95.29%
Current Drawdown-63.99%-79.27%

Correlation

0.60
-1.001.00

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.


0.00%500.00%1,000.00%1,500.00%OctoberNovemberDecember2024FebruaryMarch
1,548.23%
125.93%
ENPH
TAN

Compare stocks, funds, or ETFs


Enphase Energy, Inc.

Invesco Solar ETF

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 ratioSortino ratioOmega ratioCalmar ratioUlcer Index
ENPH
Enphase Energy, Inc.
-0.59
TAN
Invesco Solar ETF
-1.01

ENPH vs. TAN - Sharpe Ratio Comparison

The current ENPH Sharpe Ratio is -0.59, which is higher than the TAN Sharpe Ratio of -1.01. The chart below compares the 12-month rolling Sharpe Ratio of ENPH and TAN.


Rolling 12-month Sharpe Ratio-1.60-1.40-1.20-1.00-0.80-0.60OctoberNovemberDecember2024FebruaryMarch
-0.59
-1.01
ENPH
TAN

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%.


TTM20232022202120202019201820172016201520142013
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
0.11%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


-75.00%-70.00%-65.00%-60.00%-55.00%OctoberNovemberDecember2024FebruaryMarch
-63.99%
-62.76%
ENPH
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.


10.00%15.00%20.00%25.00%30.00%OctoberNovemberDecember2024FebruaryMarch
17.89%
9.90%
ENPH
TAN