FSLR vs. TAN
Compare and contrast key facts about First Solar, Inc. (FSLR) 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.
Performance
FSLR vs. TAN - Performance Comparison
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FSLR vs. TAN - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
FSLR First Solar, Inc. | -24.49% | 48.22% | 2.30% | 15.01% | 71.86% | -11.89% | 76.77% | 31.81% | -37.12% | 110.41% |
TAN Invesco Solar ETF | 13.42% | 48.31% | -37.61% | -26.79% | -5.24% | -25.10% | 233.96% | 66.53% | -25.67% | 54.38% |
Returns By Period
In the year-to-date period, FSLR achieves a -24.49% return, which is significantly lower than TAN's 13.42% return. Over the past 10 years, FSLR has outperformed TAN with an annualized return of 11.32%, while TAN has yielded a comparatively lower 10.33% annualized return.
FSLR
- 1D
- 6.80%
- 1M
- 0.03%
- YTD
- -24.49%
- 6M
- -10.55%
- 1Y
- 56.02%
- 3Y*
- -3.20%
- 5Y*
- 18.02%
- 10Y*
- 11.32%
TAN
- 1D
- 5.33%
- 1M
- 1.29%
- YTD
- 13.42%
- 6M
- 27.69%
- 1Y
- 82.90%
- 3Y*
- -10.29%
- 5Y*
- -9.18%
- 10Y*
- 10.33%
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Return for Risk
FSLR vs. TAN — Risk / Return Rank
FSLR
TAN
FSLR vs. TAN - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for First Solar, Inc. (FSLR) 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.
| FSLR | TAN | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | 0.88 | 2.11 | -1.23 |
Sortino ratioReturn per unit of downside risk | 1.58 | 2.69 | -1.11 |
Omega ratioGain probability vs. loss probability | 1.21 | 1.33 | -0.12 |
Calmar ratioReturn relative to maximum drawdown | 1.57 | 4.90 | -3.34 |
Martin ratioReturn relative to average drawdown | 3.83 | 12.99 | -9.15 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
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Sharpe Ratios by Period
| FSLR | TAN | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 0.88 | 2.11 | -1.23 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.34 | -0.23 | +0.57 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.23 | 0.27 | -0.05 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.19 | -0.15 | +0.34 |
Correlation
The correlation between FSLR and TAN is 0.74, which is considered to be high. That indicates a strong positive relationship between their price movements. Having highly-correlated positions in a portfolio may signal a lack of diversification, potentially leading to increased risk during market downturns.
Dividends
FSLR vs. TAN - Dividend Comparison
Neither FSLR nor TAN has paid dividends to shareholders.
| TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
FSLR First Solar, 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% | 0.50% | 0.09% | 0.00% | 0.00% | 0.09% | 0.30% | 0.69% | 1.77% | 5.04% | 1.60% |
Drawdowns
FSLR vs. TAN - Drawdown Comparison
The maximum FSLR drawdown since its inception was -96.22%, roughly equal to the maximum TAN drawdown of -95.29%. Use the drawdown chart below to compare losses from any high point for FSLR and TAN.
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Drawdown Indicators
| FSLR | TAN | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -96.22% | -95.29% | -0.93% |
Max Drawdown (1Y)Largest decline over 1 year | -35.10% | -16.25% | -18.85% |
Max Drawdown (5Y)Largest decline over 5 years | -59.97% | -73.95% | +13.98% |
Max Drawdown (10Y)Largest decline over 10 years | -61.26% | -78.53% | +17.27% |
Current DrawdownCurrent decline from peak | -36.60% | -74.42% | +37.82% |
Average DrawdownAverage peak-to-trough decline | -63.60% | -78.57% | +14.97% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 14.34% | 6.13% | +8.21% |
Volatility
FSLR vs. TAN - Volatility Comparison
First Solar, Inc. (FSLR) has a higher volatility of 11.39% compared to Invesco Solar ETF (TAN) at 10.63%. This indicates that FSLR'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.
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Volatility by Period
| FSLR | TAN | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 11.39% | 10.63% | +0.76% |
Volatility (6M)Calculated over the trailing 6-month period | 39.09% | 26.24% | +12.85% |
Volatility (1Y)Calculated over the trailing 1-year period | 63.72% | 39.55% | +24.17% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 53.41% | 39.82% | +13.59% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 50.36% | 37.78% | +12.58% |