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.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: FSLR or TAN.
Key characteristics
| FSLR | TAN | |
|---|---|---|
| YTD Return | 2.33% | -24.40% |
| 1Y Return | -2.52% | -43.25% |
| 3Y Return (Ann) | 32.17% | -21.46% |
| 5Y Return (Ann) | 24.18% | 9.78% |
| 10Y Return (Ann) | 10.01% | 0.95% |
| Sharpe Ratio | -0.07 | -1.19 |
| Daily Std Dev | 49.36% | 37.03% |
| Max Drawdown | -96.22% | -95.29% |
| Current Drawdown | -43.34% | -81.57% |
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.
Performance
FSLR vs. TAN - Performance Comparison
In the year-to-date period, FSLR achieves a 2.33% return, which is significantly higher than TAN's -24.40% return. Over the past 10 years, FSLR has outperformed TAN with an annualized return of 10.01%, while TAN has yielded a comparatively lower 0.95% annualized return. The chart below displays the growth of a $10,000 investment in both assets, with all prices adjusted for splits and dividends.
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Risk-Adjusted Performance
FSLR vs. TAN - Risk-Adjusted Performance 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.
Dividends
FSLR vs. TAN - Dividend Comparison
FSLR has not paid dividends to shareholders, while TAN's dividend yield for the trailing twelve months is around 0.12%.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
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 | 0.12% | 0.09% | 0.00% | 0.00% | 0.09% | 0.29% | 0.69% | 1.77% | 5.04% | 1.60% | 1.88% | 1.28% |
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. For additional features, visit the drawdowns tool.
Volatility
FSLR vs. TAN - Volatility Comparison
The current volatility for First Solar, Inc. (FSLR) is 9.49%, while Invesco Solar ETF (TAN) has a volatility of 10.26%. This indicates that FSLR experiences smaller price fluctuations and is considered to be less risky than TAN based on this measure. The chart below showcases a comparison of their rolling one-month volatility.