NI vs. FAN
NI (NiSource Inc.) is a stock, while FAN (First Trust Global Wind Energy ETF) is Alternative Energy Equities fund tracking the ISE Clean Edge Global Wind Energy Index. Over the past 10 years, NI returned 9.94%/yr vs 9.75%/yr for FAN. At a 0.38 correlation, their price movements are largely independent.
Performance
NI vs. FAN - Performance Comparison
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Returns By Period
In the year-to-date period, NI achieves a 11.24% return, which is significantly lower than FAN's 25.06% return. Both investments have delivered pretty close results over the past 10 years, with NI having a 9.94% annualized return and FAN not far behind at 9.75%.
NI
- 1D
- 0.70%
- 1M
- -4.86%
- YTD
- 11.24%
- 6M
- 10.89%
- 1Y
- 20.46%
- 3Y*
- 23.52%
- 5Y*
- 16.22%
- 10Y*
- 9.94%
FAN
- 1D
- -1.04%
- 1M
- -5.50%
- YTD
- 25.06%
- 6M
- 28.38%
- 1Y
- 48.35%
- 3Y*
- 14.87%
- 5Y*
- 5.26%
- 10Y*
- 9.75%
NI vs. FAN - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
NI NiSource Inc. | 11.24% | 16.81% | 43.48% | 0.48% | 2.67% | 24.75% | -14.87% | 13.03% | 1.92% | 19.28% |
FAN First Trust Global Wind Energy ETF | 25.06% | 40.38% | -8.96% | -3.20% | -13.12% | -11.63% | 61.16% | 31.22% | -11.40% | 16.30% |
Correlation
The correlation between NI and FAN is 0.20, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.20 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.29 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.31 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.29 |
Correlation (All Time) Calculated using the full available price history since Jun 30, 2008 | 0.38 |
The correlation between NI and FAN shifts across timeframes, from 0.20 (1 year) to 0.38 (all time), reflecting how their relationship changes across market environments.
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Return for Risk
NI vs. FAN — Risk / Return Rank
NI
FAN
NI vs. FAN - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for NiSource Inc. (NI) and First Trust Global Wind Energy ETF (FAN). 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.
| NI | FAN | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -1.30 | ||
| Sortino ratioReturn per unit of downside risk | -1.60 | ||
| Omega ratioGain probability vs. loss probability | 1.20 | 1.41 | -0.21 |
| Calmar ratioReturn relative to maximum drawdown | 2.25 | 6.30 | -4.05 |
| Martin ratioReturn relative to average drawdown | 6.63 | 17.58 | -10.95 |
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
| NI | FAN | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 1.16 | 2.45 | -1.30 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.81 | 0.25 | +0.57 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.43 | 0.46 | -0.03 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.48 | 0.05 | +0.44 |
Drawdowns
NI vs. FAN - Drawdown Comparison
The maximum NI drawdown since its inception was -65.73%, smaller than the maximum FAN drawdown of -79.84%. Use the drawdown chart below to compare losses from any high point for NI and FAN.
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Drawdown Indicators
| NI | FAN | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -65.73% | -79.84% | +14.11% |
Max Drawdown (1Y)Largest decline over 1 year | -9.14% | -7.71% | -1.43% |
Max Drawdown (3Y)Largest decline over 3 years | -17.73% | -24.97% | +7.24% |
Max Drawdown (5Y)Largest decline over 5 years | -24.76% | -38.45% | +13.69% |
Max Drawdown (10Y)Largest decline over 10 years | -30.95% | -46.29% | +15.34% |
Current DrawdownCurrent decline from peak | -5.03% | -5.99% | +0.96% |
Average DrawdownAverage peak-to-trough decline | -12.92% | -45.01% | +32.09% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 3.09% | 2.76% | +0.33% |
Volatility
NI vs. FAN - Volatility Comparison
The current volatility for NiSource Inc. (NI) is 5.60%, while First Trust Global Wind Energy ETF (FAN) has a volatility of 6.48%. This indicates that NI experiences smaller price fluctuations and is considered to be less risky than FAN based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| NI | FAN | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 5.60% | 6.48% | -0.88% |
Volatility (6M)Calculated over the trailing 6-month period | 12.05% | 15.05% | -3.00% |
Volatility (1Y)Calculated over the trailing 1-year period | 17.77% | 19.81% | -2.04% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 20.03% | 21.30% | -1.27% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 23.15% | 21.06% | +2.09% |
Dividends
NI vs. FAN - Dividend Comparison
NI's dividend yield for the trailing twelve months is around 2.53%, more than FAN's 0.99% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
FAN First Trust Global Wind Energy ETF | 0.99% | 1.35% | 1.52% | 1.71% | 1.50% | 1.79% | 0.84% | 2.42% | 2.67% | 2.59% | 6.04% | 2.35% |
NI NiSource Inc. | 2.53% | 2.68% | 2.88% | 3.77% | 3.43% | 3.19% | 3.66% | 2.87% | 3.08% | 2.73% | 2.89% | 145.67% |
Frequently Asked Questions
NI and FAN have a correlation of 0.20, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
FAN has higher volatility (6.48%) compared to NI (5.60%). In terms of maximum drawdown, NI dropped -65.73% vs FAN's -79.84%.
FAN currently has the higher Sharpe Ratio (2.45 vs 1.16), meaning it's delivered slightly more return per unit of risk over the trailing 12 months. However, this ranking shifts over time - use the Risk/Return Score above for a more comprehensive view that combines Sharpe, Sortino, and other measures used by quantitative funds.
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