FXN vs. TAN
Compare and contrast key facts about First Trust Energy AlphaDEX Fund (FXN) and Invesco Solar ETF (TAN).
FXN and TAN are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. FXN is a passively managed fund by First Trust that tracks the performance of the StrataQuant Energy Index. It was launched on May 8, 2007. 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. Both FXN and TAN are passive ETFs, meaning that they are not actively managed but aim to replicate the performance of the underlying index as closely as possible.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: FXN or TAN.
Key characteristics
| FXN | TAN | |
|---|---|---|
| YTD Return | 13.51% | -20.13% |
| 1Y Return | 28.29% | -39.73% |
| 3Y Return (Ann) | 23.43% | -16.18% |
| 5Y Return (Ann) | 12.47% | 11.15% |
| 10Y Return (Ann) | -1.32% | 2.59% |
| Sharpe Ratio | 1.56 | -1.09 |
| Daily Std Dev | 19.89% | 37.13% |
| Max Drawdown | -87.39% | -95.29% |
| Current Drawdown | -20.94% | -80.53% |
Correlation
The correlation between FXN and TAN is 0.51, 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
FXN vs. TAN - Performance Comparison
In the year-to-date period, FXN achieves a 13.51% return, which is significantly higher than TAN's -20.13% return. Over the past 10 years, FXN has underperformed TAN with an annualized return of -1.32%, while TAN has yielded a comparatively higher 2.59% 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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FXN vs. TAN - Expense Ratio Comparison
FXN has a 0.64% expense ratio, which is lower than TAN's 0.69% expense ratio.
Risk-Adjusted Performance
FXN vs. TAN - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for First Trust Energy AlphaDEX Fund (FXN) 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
FXN vs. TAN - Dividend Comparison
FXN's dividend yield for the trailing twelve months is around 1.90%, more than TAN's 0.11% yield.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
FXN First Trust Energy AlphaDEX Fund | 1.90% | 3.09% | 2.28% | 0.87% | 4.71% | 1.47% | 1.43% | 1.17% | 1.05% | 2.36% | 1.74% | 0.82% |
TAN Invesco Solar ETF | 0.11% | 0.09% | 0.00% | 0.00% | 0.09% | 0.29% | 0.69% | 1.77% | 5.04% | 1.60% | 1.88% | 1.28% |
Drawdowns
FXN vs. TAN - Drawdown Comparison
The maximum FXN drawdown since its inception was -87.39%, smaller than the maximum TAN drawdown of -95.29%. Use the drawdown chart below to compare losses from any high point for FXN and TAN. For additional features, visit the drawdowns tool.
Volatility
FXN vs. TAN - Volatility Comparison
The current volatility for First Trust Energy AlphaDEX Fund (FXN) is 5.44%, while Invesco Solar ETF (TAN) has a volatility of 8.36%. This indicates that FXN 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.