HDRO vs. TAN
Compare and contrast key facts about Defiance Next Gen H2 ETF (HDRO) and Invesco Solar ETF (TAN).
HDRO and TAN are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. HDRO is a passively managed fund by Defiance ETFs that tracks the performance of the BlueStar Hydrogen & NextGen Fuel Cell Index. It was launched on Mar 9, 2021. 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 HDRO 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: HDRO or TAN.
Correlation
The correlation between HDRO and TAN is 0.73, 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
HDRO vs. TAN - Performance Comparison
Key characteristics
HDRO:
-0.68
TAN:
-0.65
HDRO:
-0.83
TAN:
-0.78
HDRO:
0.91
TAN:
0.91
HDRO:
-0.29
TAN:
-0.30
HDRO:
-1.16
TAN:
-1.49
HDRO:
21.79%
TAN:
17.21%
HDRO:
37.31%
TAN:
39.25%
HDRO:
-86.99%
TAN:
-95.29%
HDRO:
-85.37%
TAN:
-84.22%
Returns By Period
In the year-to-date period, HDRO achieves a -1.06% return, which is significantly lower than TAN's 3.71% return.
HDRO
-1.06%
-5.17%
-20.26%
-21.56%
N/A
N/A
TAN
3.71%
1.05%
-18.28%
-22.02%
0.54%
1.47%
Compare stocks, funds, or ETFs
Search for stocks, ETFs, and funds for a quick comparison or use the comparison tool for more options.
HDRO vs. TAN - Expense Ratio Comparison
HDRO has a 0.30% expense ratio, which is lower than TAN's 0.69% expense ratio.
Risk-Adjusted Performance
HDRO vs. TAN — Risk-Adjusted Performance Rank
HDRO
TAN
HDRO vs. TAN - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for Defiance Next Gen H2 ETF (HDRO) 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
HDRO vs. TAN - Dividend Comparison
HDRO's dividend yield for the trailing twelve months is around 0.43%, less than TAN's 0.48% yield.
| TTM | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
HDRO Defiance Next Gen H2 ETF | 0.43% | 0.43% | 0.03% | 0.00% | 0.03% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
TAN Invesco Solar ETF | 0.48% | 0.50% | 0.09% | 0.00% | 0.00% | 0.09% | 0.30% | 0.70% | 1.77% | 5.04% | 1.60% | 1.88% |
Drawdowns
HDRO vs. TAN - Drawdown Comparison
The maximum HDRO drawdown since its inception was -86.99%, smaller than the maximum TAN drawdown of -95.29%. Use the drawdown chart below to compare losses from any high point for HDRO and TAN. For additional features, visit the drawdowns tool.
Volatility
HDRO vs. TAN - Volatility Comparison
Defiance Next Gen H2 ETF (HDRO) has a higher volatility of 11.86% compared to Invesco Solar ETF (TAN) at 10.67%. This indicates that HDRO'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.