FAN vs. NI
FAN (First Trust Global Wind Energy ETF) is Alternative Energy Equities fund tracking the ISE Clean Edge Global Wind Energy Index, while NI (NiSource Inc.) is a stock. Over the past 10 years, FAN returned 8.65%/yr vs 8.94%/yr for NI. Their 0.37 correlation means their historical movements had little consistent relationship.
Performance
FAN vs. NI - Performance Comparison
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Returns By Period
In the year-to-date period, FAN achieves a 16.34% return, which is significantly higher than NI's 8.52% return. Both investments have delivered pretty close results over the past 10 years, with FAN having a 8.65% annualized return and NI not far ahead at 8.94%.
FAN
- 1D
- -0.13%
- 1M
- -4.47%
- 6M
- 5.73%
- YTD
- 16.34%
- 1Y
- 27.30%
- 3Y*
- 13.47%
- 5Y*
- 3.65%
- 10Y*
- 8.65%
- ALL TIME*
- 0.76%
NI
- 1D
- -0.76%
- 1M
- -6.47%
- 6M
- 2.32%
- YTD
- 8.52%
- 1Y
- 7.11%
- 3Y*
- 21.08%
- 5Y*
- 16.11%
- 10Y*
- 8.94%
- ALL TIME*
- 11.05%
Liquidity Comparison
| Position | Avg. Volume Value (2W) | Avg. Volume Value (1M) | Avg. Volume Value (3M) |
|---|---|---|---|
| $1.50M | $1.70M | $2.53M | |
| $203.38M | $207.27M | $209.62M |
FAN vs. NI - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
FAN First Trust Global Wind Energy ETF | 16.34% | 40.38% | -8.96% | -3.20% | -13.12% | -11.63% | 61.16% | 31.22% | -11.40% | 16.30% |
NI NiSource Inc. | 8.52% | 16.81% | 43.48% | 0.48% | 2.67% | 24.75% | -14.87% | 13.03% | 1.92% | 19.28% |
Correlation
The correlation between FAN and NI is 0.16, which is low. Their historical price movements had little consistent relationship.
| Correlation | |
|---|---|
Correlation (1Y) Focuses on recent behavior, but can change the most. | 0.16 |
Correlation (3Y) Balances recent behavior with more history. | 0.26 |
Correlation (5Y) Shows whether the relationship held over a longer period. | 0.30 |
Correlation (10Y) Provides a long-term view across more market conditions. | 0.28 |
Correlation (All Time) Calculated using the full available price history since Jun 27, 2008 | 0.37 |
Over the past year, the correlation between FAN and NI has dropped to 0.16 - well below their long-term average of 0.37, suggesting their price drivers have been diverging.
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Return for Risk
FAN vs. NI — Risk / Return Rank
FAN
NI
FAN vs. NI - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for First Trust Global Wind Energy ETF (FAN) and NiSource Inc. (NI). 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.
| FAN | NI | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.92 | ||
| Sortino ratioReturn per unit of downside risk | +1.21 | ||
| Omega ratioGain probability vs. loss probability | 1.23 | 1.08 | +0.15 |
| Calmar ratioReturn relative to maximum drawdown | 1.86 | 0.82 | +1.04 |
| Martin ratioReturn relative to average drawdown | 5.79 | 2.09 | +3.70 |
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Drawdowns
FAN vs. NI - Drawdown Comparison
The maximum FAN drawdown since its inception was -79.94%, which is greater than NI's maximum drawdown of -65.73%. Use the drawdown chart below to compare losses from any high point for FAN and NI.
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Drawdown Indicators
| FAN | NI | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -79.94% | -65.73% | -14.21% |
Max Drawdown (1Y)Largest decline over 1 year | -14.64% | -9.14% | -5.50% |
Max Drawdown (3Y)Largest decline over 3 years | -24.13% | -16.44% | -7.69% |
Max Drawdown (5Y)Largest decline over 5 years | -38.45% | -24.76% | -13.69% |
Max Drawdown (10Y)Largest decline over 10 years | -46.29% | -30.95% | -15.34% |
Current DrawdownCurrent decline from peak | -12.54% | -8.87% | -3.67% |
Average DrawdownAverage peak-to-trough decline | -44.87% | -12.95% | -31.92% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 4.69% | 3.58% | +1.11% |
Volatility
FAN vs. NI - Volatility Comparison
The current volatility for First Trust Global Wind Energy ETF (FAN) is 5.47%, while NiSource Inc. (NI) has a volatility of 5.88%. This indicates that FAN experiences smaller price fluctuations and is considered to be less risky than NI based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| FAN | NI | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 5.47% | 5.88% | -0.41% |
Volatility (6M)Calculated over the trailing 6-month period | 16.12% | 13.47% | +2.65% |
Volatility (1Y)Calculated over the trailing 1-year period | 20.57% | 18.35% | +2.22% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 21.38% | 20.09% | +1.29% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 20.96% | 23.23% | -2.27% |
Dividends
FAN vs. NI - Dividend Comparison
FAN's dividend yield for the trailing twelve months is around 0.99%, less than NI's 2.66% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
FAN First Trust Global Wind Energy ETF | 0.99% | 1.35% | 1.52% | 1.71% | 1.50% | 1.79% | 0.84% | 2.42% | 2.67% | 2.59% | 6.04% | 2.35% |
NI NiSource Inc. | 2.66% | 2.68% | 2.88% | 3.77% | 3.43% | 3.19% | 3.66% | 2.87% | 3.08% | 2.73% | 2.89% | 145.67% |
Frequently Asked Questions
FAN and NI have a correlation of 0.16, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
NI has higher volatility (5.88%) compared to FAN (5.47%). In terms of maximum drawdown, FAN dropped -79.94% vs NI's -65.73%.
FAN currently has the higher Sharpe Ratio (1.32 vs 0.41), 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.
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