TAN vs. EILGX
TAN (Invesco Solar ETF) and EILGX (Eaton Vance-Atlanta Capital Focused Growth) are both funds - TAN is a Alternative Energy Equities fund tracking the MAC Global Solar Energy Index, while EILGX is a Large Cap Growth Equities fund managed by Eaton Vance. Over the past 10 years, TAN returned 9.52%/yr vs 14.00%/yr for EILGX. Their 0.52 correlation means they have sometimes moved together and sometimes differently. TAN charges 0.69%/yr vs 0.78%/yr for EILGX.
Performance
TAN vs. EILGX - Performance Comparison
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Returns By Period
In the year-to-date period, TAN achieves a 0.43% return, which is significantly higher than EILGX's -3.98% return. Over the past 10 years, TAN has underperformed EILGX with an annualized return of 9.52%, while EILGX has yielded a comparatively higher 14.00% annualized return.
TAN
- 1D
- -1.02%
- 1M
- -12.41%
- 6M
- -8.39%
- YTD
- 0.43%
- 1Y
- 35.30%
- 3Y*
- -9.55%
- 5Y*
- -10.35%
- 10Y*
- 9.52%
- ALL TIME*
- -7.13%
EILGX
- 1D
- -0.72%
- 1M
- 3.55%
- 6M
- -2.23%
- YTD
- -3.98%
- 1Y
- 0.34%
- 3Y*
- 8.09%
- 5Y*
- 5.02%
- 10Y*
- 14.00%
- ALL TIME*
- 8.85%
Liquidity Comparison
| Position | Avg. Volume Value (2W) | Avg. Volume Value (1M) | Avg. Volume Value (3M) |
|---|---|---|---|
| $0.00 | $0.00 | $0.00 | |
| $66.73M | $50.86M | $87.18M |
TAN vs. EILGX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
TAN Invesco Solar ETF | 0.43% | 48.31% | -37.61% | -26.79% | -5.24% | -25.10% | 233.96% | 66.53% | -25.67% | 54.38% |
EILGX Eaton Vance-Atlanta Capital Focused Growth | -3.98% | 10.85% | 10.63% | 25.66% | -20.27% | 30.41% | 27.18% | 38.37% | 8.31% | 27.41% |
Correlation
The correlation between TAN and EILGX is 0.01, meaning there was essentially no consistent relationship between their historical price movements. Each responded to its own set of market drivers.
| Correlation | |
|---|---|
Correlation (1Y) Focuses on recent behavior, but can change the most. | 0.01 |
Correlation (3Y) Balances recent behavior with more history. | 0.24 |
Correlation (5Y) Shows whether the relationship held over a longer period. | 0.37 |
Correlation (10Y) Provides a long-term view across more market conditions. | 0.43 |
Correlation (All Time) Calculated using the full available price history since Apr 15, 2008 | 0.52 |
Over the past year, the correlation between TAN and EILGX has dropped to 0.01 - well below their long-term average of 0.52, suggesting their price drivers have been diverging.
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Return for Risk
TAN vs. EILGX — Risk / Return Rank
TAN
EILGX
TAN vs. EILGX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Invesco Solar ETF (TAN) and Eaton Vance-Atlanta Capital Focused Growth (EILGX). 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.
Values are calculated on a 1-year rolling basis and updated daily. Risk-adjusted metrics are more stable over longer periods — use the period switch above to explore them.
| TAN | EILGX | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.92 | ||
| Sortino ratioReturn per unit of downside risk | +1.41 | ||
| Omega ratioGain probability vs. loss probability | 1.16 | 1.00 | +0.16 |
| Calmar ratioReturn relative to maximum drawdown | 0.96 | -0.05 | +1.01 |
| Martin ratioReturn relative to average drawdown | 3.14 | -0.09 | +3.23 |
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Drawdowns
TAN vs. EILGX - Drawdown Comparison
The maximum TAN drawdown since its inception was -95.29%, which is greater than EILGX's maximum drawdown of -51.01%. Use the drawdown chart below to compare losses from any high point for TAN and EILGX.
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Drawdown Indicators
| TAN | EILGX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -95.29% | -51.01% | -44.28% |
Max Drawdown (1Y)Largest decline over 1 year | -35.51% | -15.18% | -20.33% |
Max Drawdown (3Y)Largest decline over 3 years | -58.70% | -15.18% | -43.52% |
Max Drawdown (5Y)Largest decline over 5 years | -73.95% | -27.35% | -46.60% |
Max Drawdown (10Y)Largest decline over 10 years | -78.53% | -30.85% | -47.68% |
Current DrawdownCurrent decline from peak | -77.35% | -6.09% | -71.26% |
Average DrawdownAverage peak-to-trough decline | -78.45% | -7.14% | -71.31% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 10.87% | 7.57% | +3.30% |
Volatility
TAN vs. EILGX - Volatility Comparison
Invesco Solar ETF (TAN) has a higher volatility of 11.99% compared to Eaton Vance-Atlanta Capital Focused Growth (EILGX) at 5.88%. This indicates that TAN's price experiences larger fluctuations and is considered to be riskier than EILGX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| TAN | EILGX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 11.99% | 5.88% | +6.11% |
Volatility (6M)Calculated over the trailing 6-month period | 29.71% | 11.55% | +18.16% |
Volatility (1Y)Calculated over the trailing 1-year period | 39.21% | 13.82% | +25.39% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 40.14% | 16.97% | +23.17% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 38.27% | 17.98% | +20.29% |
TAN vs. EILGX - Expense Ratio Comparison
TAN has a 0.69% expense ratio, which is lower than EILGX's 0.78% expense ratio.
Dividends
TAN vs. EILGX - Dividend Comparison
TAN has not paid dividends to shareholders, while EILGX's dividend yield for the trailing twelve months is around 16.03%.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
EILGX Eaton Vance-Atlanta Capital Focused Growth | 16.03% | 15.39% | 4.34% | 0.57% | 0.32% | 2.18% | 0.62% | 0.17% | 19.72% | 54.05% | 17.75% | 23.15% |
TAN Invesco Solar ETF | 0.00% | 0.00% | 0.50% | 0.09% | 0.00% | 0.00% | 0.09% | 0.30% | 0.69% | 1.77% | 5.04% | 1.60% |
Frequently Asked Questions
TAN and EILGX have a correlation of 0.01, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
TAN has higher volatility (11.99%) compared to EILGX (5.88%). In terms of maximum drawdown, TAN dropped -95.29% vs EILGX's -51.01%.
TAN currently has the higher Sharpe Ratio (0.87 vs -0.05), 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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