FLNC vs. TAN
Compare and contrast key facts about Fluence Energy, Inc. (FLNC) 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: FLNC or TAN.
Correlation
The correlation between FLNC and TAN is 0.68, 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
FLNC vs. TAN - Performance Comparison
Key characteristics
FLNC:
-0.47
TAN:
-0.61
FLNC:
-0.29
TAN:
-0.71
FLNC:
0.97
TAN:
0.92
FLNC:
-0.54
TAN:
-0.28
FLNC:
-1.29
TAN:
-1.33
FLNC:
26.99%
TAN:
17.95%
FLNC:
73.83%
TAN:
39.10%
FLNC:
-83.22%
TAN:
-95.29%
FLNC:
-63.60%
TAN:
-84.70%
Returns By Period
In the year-to-date period, FLNC achieves a -13.79% return, which is significantly lower than TAN's 0.60% return.
FLNC
-13.79%
-15.70%
-14.86%
-31.96%
N/A
N/A
TAN
0.60%
-1.86%
-19.62%
-22.47%
0.29%
0.84%
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Risk-Adjusted Performance
FLNC vs. TAN — Risk-Adjusted Performance Rank
FLNC
TAN
FLNC vs. TAN - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for Fluence Energy, Inc. (FLNC) 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
FLNC vs. TAN - Dividend Comparison
FLNC has not paid dividends to shareholders, while TAN's dividend yield for the trailing twelve months is around 0.50%.
| TTM | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
FLNC Fluence 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 | 0.50% | 0.50% | 0.09% | 0.00% | 0.00% | 0.09% | 0.30% | 0.70% | 1.77% | 5.04% | 1.60% | 1.88% |
Drawdowns
FLNC vs. TAN - Drawdown Comparison
The maximum FLNC drawdown since its inception was -83.22%, smaller than the maximum TAN drawdown of -95.29%. Use the drawdown chart below to compare losses from any high point for FLNC and TAN. For additional features, visit the drawdowns tool.
Volatility
FLNC vs. TAN - Volatility Comparison
Fluence Energy, Inc. (FLNC) has a higher volatility of 17.27% compared to Invesco Solar ETF (TAN) at 9.93%. This indicates that FLNC'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.