TAN vs. FAN
Compare and contrast key facts about Invesco Solar ETF (TAN) and First Trust Global Wind Energy ETF (FAN).
TAN and FAN are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. 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. FAN is a passively managed fund by First Trust that tracks the performance of the ISE Clean Edge Global Wind Energy Index. It was launched on Jun 16, 2008. Both TAN and FAN are passive ETFs, meaning that they are not actively managed but aim to replicate the performance of the underlying index as closely as possible.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: TAN or FAN.
Key characteristics
| TAN | FAN | |
|---|---|---|
| YTD Return | -34.92% | -4.63% |
| 1Y Return | -16.68% | 12.20% |
| 3Y Return (Ann) | -29.70% | -8.24% |
| 5Y Return (Ann) | 4.73% | 4.16% |
| 10Y Return (Ann) | 1.06% | 6.15% |
| Sharpe Ratio | -0.39 | 0.58 |
| Sortino Ratio | -0.31 | 0.94 |
| Omega Ratio | 0.97 | 1.12 |
| Calmar Ratio | -0.19 | 0.26 |
| Martin Ratio | -0.77 | 2.06 |
| Ulcer Index | 20.85% | 5.51% |
| Daily Std Dev | 41.67% | 19.65% |
| Max Drawdown | -95.29% | -81.36% |
| Current Drawdown | -84.13% | -36.52% |
Correlation
The correlation between TAN and FAN is 0.62, 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. FAN - Performance Comparison
In the year-to-date period, TAN achieves a -34.92% return, which is significantly lower than FAN's -4.63% return. Over the past 10 years, TAN has underperformed FAN with an annualized return of 1.06%, while FAN has yielded a comparatively higher 6.15% annualized return. The chart below displays the growth of a $10,000 investment in both assets, with all prices adjusted for splits and dividends.
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TAN vs. FAN - Expense Ratio Comparison
TAN has a 0.69% expense ratio, which is higher than FAN's 0.62% expense ratio.
Risk-Adjusted Performance
TAN vs. FAN - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for Invesco Solar ETF (TAN) and First Trust Global Wind Energy ETF (FAN). 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
TAN vs. FAN - Dividend Comparison
TAN's dividend yield for the trailing twelve months is around 0.14%, less than FAN's 1.53% yield.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
TAN Invesco Solar ETF | 0.14% | 0.09% | 0.00% | 0.00% | 0.09% | 0.30% | 0.70% | 1.77% | 5.04% | 1.60% | 1.88% | 1.28% |
FAN First Trust Global Wind Energy ETF | 1.53% | 1.72% | 1.50% | 1.80% | 0.83% | 2.42% | 2.68% | 2.59% | 6.04% | 2.36% | 2.61% | 0.71% |
Drawdowns
TAN vs. FAN - Drawdown Comparison
The maximum TAN drawdown since its inception was -95.29%, which is greater than FAN's maximum drawdown of -81.36%. Use the drawdown chart below to compare losses from any high point for TAN and FAN. For additional features, visit the drawdowns tool.
Volatility
TAN vs. FAN - Volatility Comparison
Invesco Solar ETF (TAN) has a higher volatility of 15.92% compared to First Trust Global Wind Energy ETF (FAN) at 8.03%. This indicates that TAN's price experiences larger fluctuations and is considered to be riskier than FAN based on this measure. The chart below showcases a comparison of their rolling one-month volatility.