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

Key characteristics


TANDRIV
YTD Return-14.96%0.12%
1Y Return-38.80%8.07%
3Y Return (Ann)-18.63%-0.59%
5Y Return (Ann)14.53%14.45%
Sharpe Ratio-1.010.49
Daily Std Dev36.93%21.50%
Max Drawdown-95.29%-39.24%
Current Drawdown-79.27%-20.80%

Correlation

0.64
-1.001.00

The correlation between TAN and DRIV is 0.64, which is considered to be moderate. This suggests that the two assets have some degree of positive relationship in their price movements. Moderate correlation can be acceptable for portfolio diversification, offering a balance between risk and potential returns.

Performance

TAN vs. DRIV - Performance Comparison

In the year-to-date period, TAN achieves a -14.96% return, which is significantly lower than DRIV's 0.12% return. The chart below displays the growth of a $10,000 investment in both assets, with all prices adjusted for splits and dividends.


40.00%60.00%80.00%100.00%120.00%OctoberNovemberDecember2024FebruaryMarch
85.20%
74.62%
TAN
DRIV

Compare stocks, funds, or ETFs


Invesco Solar ETF

Global X Autonomous & Electric Vehicles ETF

TAN vs. DRIV - Expense Ratio Comparison

TAN has a 0.69% expense ratio, which is higher than DRIV's 0.68% expense ratio.

TAN
Invesco Solar ETF
0.50%1.00%1.50%2.00%0.69%
0.50%1.00%1.50%2.00%0.68%

Risk-Adjusted Performance

TAN vs. DRIV - Risk-Adjusted Performance Comparison

This table presents a comparison of risk-adjusted performance metrics for Invesco Solar ETF (TAN) and Global X Autonomous & Electric Vehicles ETF (DRIV). 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
DRIV
Global X Autonomous & Electric Vehicles ETF
0.49

TAN vs. DRIV - Sharpe Ratio Comparison

The current TAN Sharpe Ratio is -1.01, which is lower than the DRIV Sharpe Ratio of 0.49. The chart below compares the 12-month rolling Sharpe Ratio of TAN and DRIV.


Rolling 12-month Sharpe Ratio-1.50-1.00-0.500.000.501.00OctoberNovemberDecember2024FebruaryMarch
-1.01
0.49
TAN
DRIV

Dividends

TAN vs. DRIV - Dividend Comparison

TAN's dividend yield for the trailing twelve months is around 0.11%, less than DRIV's 1.62% 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%
DRIV
Global X Autonomous & Electric Vehicles ETF
1.62%1.62%1.24%0.32%0.29%1.23%2.79%0.00%0.00%0.00%0.00%0.00%

Drawdowns

TAN vs. DRIV - Drawdown Comparison

The maximum TAN drawdown since its inception was -95.29%, which is greater than DRIV's maximum drawdown of -39.24%. The drawdown chart below compares losses from any high point along the way for TAN and DRIV


-70.00%-60.00%-50.00%-40.00%-30.00%-20.00%OctoberNovemberDecember2024FebruaryMarch
-62.76%
-20.80%
TAN
DRIV

Volatility

TAN vs. DRIV - Volatility Comparison

Invesco Solar ETF (TAN) has a higher volatility of 9.90% compared to Global X Autonomous & Electric Vehicles ETF (DRIV) at 5.54%. This indicates that TAN's price experiences larger fluctuations and is considered to be riskier than DRIV based on this measure. The chart below showcases a comparison of their rolling one-month volatility.


4.00%6.00%8.00%10.00%12.00%14.00%16.00%OctoberNovemberDecember2024FebruaryMarch
9.90%
5.54%
TAN
DRIV