KWT vs. TAN
Compare and contrast key facts about iShares MSCI Kuwait ETF (KWT) and Invesco Solar ETF (TAN).
KWT and TAN are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. KWT is a passively managed fund by iShares that tracks the performance of the MSCI All Kuwait Select Size Liquidity Capped Index. It was launched on Sep 1, 2020. 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 KWT 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: KWT or TAN.
Performance
KWT vs. TAN - Performance Comparison
Returns By Period
In the year-to-date period, KWT achieves a 11.34% return, which is significantly higher than TAN's -35.07% return.
KWT
11.34%
4.62%
2.21%
14.24%
N/A
N/A
TAN
-35.07%
-6.48%
-27.07%
-24.72%
4.90%
0.29%
Key characteristics
| KWT | TAN | |
|---|---|---|
| Sharpe Ratio | 1.17 | -0.61 |
| Sortino Ratio | 1.73 | -0.71 |
| Omega Ratio | 1.23 | 0.92 |
| Calmar Ratio | 0.65 | -0.29 |
| Martin Ratio | 5.86 | -1.13 |
| Ulcer Index | 2.43% | 21.82% |
| Daily Std Dev | 12.17% | 40.37% |
| Max Drawdown | -25.37% | -95.29% |
| Current Drawdown | -10.00% | -84.17% |
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KWT vs. TAN - Expense Ratio Comparison
KWT has a 0.74% expense ratio, which is higher than TAN's 0.69% expense ratio.
Correlation
The correlation between KWT and TAN is 0.24, which is considered to be low. This implies their price changes are not closely related. A low correlation is generally favorable for portfolio diversification, as it helps to reduce overall risk by spreading it across multiple assets with different performance patterns.
Risk-Adjusted Performance
KWT vs. TAN - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for iShares MSCI Kuwait ETF (KWT) 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
KWT vs. TAN - Dividend Comparison
KWT's dividend yield for the trailing twelve months is around 4.55%, more than TAN's 0.14% yield.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
KWT iShares MSCI Kuwait ETF | 4.55% | 2.26% | 4.49% | 7.65% | 0.27% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
TAN Invesco Solar ETF | 0.14% | 0.09% | 0.00% | 0.00% | 0.09% | 0.30% | 0.70% | 1.77% | 5.04% | 1.60% | 1.88% | 1.28% |
Drawdowns
KWT vs. TAN - Drawdown Comparison
The maximum KWT drawdown since its inception was -25.37%, smaller than the maximum TAN drawdown of -95.29%. Use the drawdown chart below to compare losses from any high point for KWT and TAN. For additional features, visit the drawdowns tool.
Volatility
KWT vs. TAN - Volatility Comparison
The current volatility for iShares MSCI Kuwait ETF (KWT) is 3.20%, while Invesco Solar ETF (TAN) has a volatility of 16.18%. This indicates that KWT 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.