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.
Correlation
The correlation between ENPH and TAN is 0.62, 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
Key characteristics
ENPH:
-0.72
TAN:
-0.91
ENPH:
-0.90
TAN:
-1.27
ENPH:
0.90
TAN:
0.86
ENPH:
-0.55
TAN:
-0.42
ENPH:
-1.77
TAN:
-1.48
ENPH:
25.71%
TAN:
23.92%
ENPH:
63.54%
TAN:
39.00%
ENPH:
-95.97%
TAN:
-95.29%
ENPH:
-78.27%
TAN:
-84.36%
Returns By Period
In the year-to-date period, ENPH achieves a -44.76% return, which is significantly lower than TAN's -35.84% return. Over the past 10 years, ENPH has outperformed TAN with an annualized return of 17.33%, while TAN has yielded a comparatively lower 0.86% annualized return.
ENPH
-44.76%
10.12%
-32.42%
-45.52%
22.05%
17.33%
TAN
-35.84%
-1.19%
-20.33%
-34.91%
2.19%
0.86%
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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.
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 0.48%.
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 | 0.48% | 0.09% | 0.00% | 0.00% | 0.09% | 0.30% | 0.70% | 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%. Use the drawdown chart below to compare losses from any high point for ENPH and TAN. For additional features, visit the drawdowns tool.
Volatility
ENPH vs. TAN - Volatility Comparison
Enphase Energy, Inc. (ENPH) has a higher volatility of 18.93% compared to Invesco Solar ETF (TAN) at 10.40%. 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.