TAN vs. EILGX

Last updated Jun 3, 2026

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 13.81%/yr vs 13.70%/yr for EILGX. A 0.53 correlation means they provide meaningful diversification when combined. TAN charges 0.69%/yr vs 0.78%/yr for EILGX.

Performance

TAN vs. EILGX - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Invesco Solar ETF (TAN) and Eaton Vance-Atlanta Capital Focused Growth (EILGX). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, TAN achieves a 47.13% return, which is significantly higher than EILGX's -8.89% return. Both investments have delivered pretty close results over the past 10 years, with TAN having a 13.81% annualized return and EILGX not far behind at 13.70%.

TAN

• 1D: 1.60%
• 1M: 21.93%
• YTD: 47.13%
• 6M: 51.73%
• 1Y: 127.12%
• 3Y*: 0.29%
• 5Y*: -0.77%
• 10Y*: 13.81%

EILGX

• 1D: 0.57%
• 1M: -0.88%
• YTD: -8.89%
• 6M: -7.58%
• 1Y: -4.24%
• 3Y*: 8.70%
• 5Y*: 6.05%
• 10Y*: 13.70%

*Multi-year figures are annualized to reflect compound growth (CAGR)

TAN vs. EILGX - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
TAN Invesco Solar ETF	47.13%	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	-8.89%	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 0.17, which is low. Their price movements are largely independent, making them effective diversification partners.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.17
Correlation (3Y) Calculated over the trailing 3-year period	0.31
Correlation (5Y) Calculated over the trailing 5-year period	0.40
Correlation (10Y) Calculated over the trailing 10-year period	0.45
Correlation (All Time) Calculated using the full available price history since Apr 16, 2008	0.53

Over the past year, the correlation between TAN and EILGX has dropped to 0.17 - well below their long-term average of 0.53, suggesting their price drivers have been diverging.

Return for Risk

TAN vs. EILGX — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.

TAN

TAN Risk / Return Rank: 89
TAN Sharpe Ratio Rank: 93
TAN Sortino Ratio Rank: 87
TAN Omega Ratio Rank: 80
TAN Calmar Ratio Rank: 96
TAN Martin Ratio Rank: 91

EILGX

EILGX Risk / Return Rank: 1
EILGX Sharpe Ratio Rank: 1
EILGX Sortino Ratio Rank: 1
EILGX Omega Ratio Rank: 1
EILGX Calmar Ratio Rank: 1
EILGX Martin Ratio Rank: 1

The rank (0–100) shows how this investment's returns compare to the risk taken. Higher = better. Based on the past 12 months of data, combining Sharpe, Sortino, and other metrics used by quantitative funds and institutional investors.

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.

	TAN	EILGX	Difference
Sharpe ratio Return per unit of total volatility	3.44	-0.36	+3.80
Sortino ratio Return per unit of downside risk	3.94	-0.42	+4.36
Omega ratio Gain probability vs. loss probability	1.48	0.95	+0.53
Calmar ratio Return relative to maximum drawdown	9.06	-0.27	+9.33
Martin ratio Return relative to average drawdown	22.01	-0.65	+22.65
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

TAN vs. EILGX - Sharpe Ratio Comparison

The current TAN Sharpe Ratio is 3.44, which is higher than the EILGX Sharpe Ratio of -0.36. The chart below compares the historical Sharpe Ratios of TAN and EILGX, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Sharpe Ratios by Period

	TAN	EILGX	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	3.44	-0.36	+3.80
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	-0.02	0.36	-0.38
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	0.37	0.77	-0.40
Sharpe Ratio (All Time) Calculated using the full available price history	-0.12	0.45	-0.57

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.

Drawdown Indicators

	TAN	EILGX	Difference
Max Drawdown Largest peak-to-trough decline	-95.29%	-51.01%	-44.28%
Max Drawdown (1Y) Largest decline over 1 year	-13.62%	-14.90%	+1.28%
Max Drawdown (3Y) Largest decline over 3 years	-64.40%	-14.90%	-49.50%
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 Drawdown Current decline from peak	-66.81%	-10.89%	-55.92%
Average Drawdown Average peak-to-trough decline	-78.51%	-7.12%	-71.39%
Ulcer Index Depth and duration of drawdowns from previous peaks	5.61%	6.16%	-0.55%

Volatility

TAN vs. EILGX - Volatility Comparison

Invesco Solar ETF (TAN) has a higher volatility of 11.81% compared to Eaton Vance-Atlanta Capital Focused Growth (EILGX) at 3.50%. 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.

Volatility by Period

	TAN	EILGX	Difference
Volatility (1M) Calculated over the trailing 1-month period	11.81%	3.50%	+8.31%
Volatility (6M) Calculated over the trailing 6-month period	25.30%	9.39%	+15.91%
Volatility (1Y) Calculated over the trailing 1-year period	37.21%	12.12%	+25.09%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	39.74%	16.70%	+23.04%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	37.98%	17.90%	+20.08%

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 16.89%.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
EILGX Eaton Vance-Atlanta Capital Focused Growth	16.89%	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

Can I hold both TAN and EILGX in my portfolio?

TAN and EILGX have a correlation of 0.17, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, TAN or EILGX?

TAN has higher volatility (11.81%) compared to EILGX (3.50%). In terms of maximum drawdown, TAN dropped -95.29% vs EILGX's -51.01%.

Which has better risk-adjusted returns?

TAN currently has the higher Sharpe Ratio (3.44 vs -0.36), 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.