SPWR vs. TAN
Compare and contrast key facts about SunPower Corporation (SPWR) 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: SPWR or TAN.
Key characteristics
| SPWR | TAN | |
|---|---|---|
| YTD Return | -51.55% | -19.57% |
| 1Y Return | -78.65% | -37.09% |
| 3Y Return (Ann) | -53.36% | -17.78% |
| 5Y Return (Ann) | -13.88% | 10.48% |
| 10Y Return (Ann) | -20.20% | 1.80% |
| Sharpe Ratio | -0.85 | -1.01 |
| Daily Std Dev | 94.54% | 37.19% |
| Max Drawdown | -98.08% | -95.29% |
| Current Drawdown | -97.61% | -80.39% |
Correlation
The correlation between SPWR and TAN is 0.76, 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
SPWR vs. TAN - Performance Comparison
In the year-to-date period, SPWR achieves a -51.55% return, which is significantly lower than TAN's -19.57% return. Over the past 10 years, SPWR has underperformed TAN with an annualized return of -20.20%, while TAN has yielded a comparatively higher 1.80% 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
SPWR vs. TAN - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for SunPower Corporation (SPWR) 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
SPWR vs. TAN - Dividend Comparison
SPWR has not paid dividends to shareholders, while TAN's dividend yield for the trailing twelve months is around 0.11%.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
SPWR SunPower Corporation | 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 | 0.11% | 0.09% | 0.00% | 0.00% | 0.09% | 0.29% | 0.69% | 1.77% | 5.04% | 1.60% | 1.88% | 1.28% |
Drawdowns
SPWR vs. TAN - Drawdown Comparison
The maximum SPWR drawdown since its inception was -98.08%, roughly equal to the maximum TAN drawdown of -95.29%. Use the drawdown chart below to compare losses from any high point for SPWR and TAN. For additional features, visit the drawdowns tool.
Volatility
SPWR vs. TAN - Volatility Comparison
SunPower Corporation (SPWR) has a higher volatility of 21.94% compared to Invesco Solar ETF (TAN) at 10.74%. This indicates that SPWR'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.