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TAN vs. CNRG
Performance
Risk-Adjusted Performance
Dividends
Drawdowns
Volatility

Key characteristics


TANCNRG
YTD Return-14.96%-9.44%
1Y Return-38.80%-22.07%
3Y Return (Ann)-18.63%-13.80%
5Y Return (Ann)14.53%15.06%
Sharpe Ratio-1.01-0.69
Daily Std Dev36.93%29.20%
Max Drawdown-95.29%-58.98%
Current Drawdown-79.27%-54.16%

Correlation

0.89
-1.001.00

The correlation between TAN and CNRG is 0.89, 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

TAN vs. CNRG - Performance Comparison

In the year-to-date period, TAN achieves a -14.96% return, which is significantly lower than CNRG's -9.44% return. The chart below displays the growth of a $10,000 investment in both assets, with all prices adjusted for splits and dividends.


120.00%140.00%160.00%180.00%200.00%OctoberNovemberDecember2024FebruaryMarch
149.38%
134.90%
TAN
CNRG

Compare stocks, funds, or ETFs


Invesco Solar ETF

SPDR S&P Kensho Clean Power ETF

TAN vs. CNRG - Expense Ratio Comparison

TAN has a 0.69% expense ratio, which is higher than CNRG's 0.45% expense ratio.

TAN
Invesco Solar ETF
0.50%1.00%1.50%2.00%0.69%
0.50%1.00%1.50%2.00%0.45%

Risk-Adjusted Performance

TAN vs. CNRG - Risk-Adjusted Performance Comparison

This table presents a comparison of risk-adjusted performance metrics for Invesco Solar ETF (TAN) and SPDR S&P Kensho Clean Power ETF (CNRG). 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.


Sharpe ratioSortino ratioOmega ratioCalmar ratioUlcer Index
TAN
Invesco Solar ETF
-1.01
CNRG
SPDR S&P Kensho Clean Power ETF
-0.69

TAN vs. CNRG - Sharpe Ratio Comparison

The current TAN Sharpe Ratio is -1.01, which is lower than the CNRG Sharpe Ratio of -0.69. The chart below compares the 12-month rolling Sharpe Ratio of TAN and CNRG.


Rolling 12-month Sharpe Ratio-1.60-1.40-1.20-1.00-0.80-0.60-0.40OctoberNovemberDecember2024FebruaryMarch
-1.01
-0.69
TAN
CNRG

Dividends

TAN vs. CNRG - Dividend Comparison

TAN's dividend yield for the trailing twelve months is around 0.11%, less than CNRG's 1.36% yield.


TTM20232022202120202019201820172016201520142013
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%
CNRG
SPDR S&P Kensho Clean Power ETF
1.36%1.17%1.23%1.34%0.69%1.16%0.35%0.00%0.00%0.00%0.00%0.00%

Drawdowns

TAN vs. CNRG - Drawdown Comparison

The maximum TAN drawdown since its inception was -95.29%, which is greater than CNRG's maximum drawdown of -58.98%. The drawdown chart below compares losses from any high point along the way for TAN and CNRG


-65.00%-60.00%-55.00%-50.00%OctoberNovemberDecember2024FebruaryMarch
-62.76%
-54.16%
TAN
CNRG

Volatility

TAN vs. CNRG - Volatility Comparison

Invesco Solar ETF (TAN) has a higher volatility of 9.90% compared to SPDR S&P Kensho Clean Power ETF (CNRG) at 6.89%. This indicates that TAN's price experiences larger fluctuations and is considered to be riskier than CNRG based on this measure. The chart below showcases a comparison of their rolling one-month volatility.


6.00%8.00%10.00%12.00%14.00%16.00%OctoberNovemberDecember2024FebruaryMarch
9.90%
6.89%
TAN
CNRG