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.
Correlation
The correlation between SPWR and TAN is 0.74, 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
Key characteristics
Returns By Period
SPWR
N/A
N/A
N/A
N/A
N/A
N/A
TAN
3.83%
3.07%
-16.52%
-20.13%
0.56%
1.70%
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Risk-Adjusted Performance
SPWR vs. TAN — Risk-Adjusted Performance Rank
SPWR
TAN
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 0.48%.
| TTM | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
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 | 0.48% | 0.50% | 0.09% | 0.00% | 0.00% | 0.09% | 0.30% | 0.70% | 1.77% | 5.04% | 1.60% | 1.88% |
Drawdowns
SPWR vs. TAN - Drawdown Comparison
Volatility
SPWR vs. TAN - Volatility Comparison
The current volatility for SunPower Corporation (SPWR) is 0.00%, while Invesco Solar ETF (TAN) has a volatility of 10.39%. This indicates that SPWR 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.