TAN vs. FRNW
Compare and contrast key facts about Invesco Solar ETF (TAN) and Fidelity Clean Energy ETF (FRNW).
TAN and FRNW 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. FRNW is an actively managed fund by Fidelity. It was launched on Oct 5, 2021.
Performance
TAN vs. FRNW - Performance Comparison
Loading graphics...
TAN vs. FRNW - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | |
|---|---|---|---|---|---|---|
TAN Invesco Solar ETF | 14.56% | 48.31% | -37.61% | -26.79% | -5.24% | -3.06% |
FRNW Fidelity Clean Energy ETF | 14.35% | 53.20% | -21.11% | -19.64% | -11.46% | -2.85% |
Returns By Period
The year-to-date returns for both stocks are quite close, with TAN having a 14.56% return and FRNW slightly lower at 14.35%.
TAN
- 1D
- 1.01%
- 1M
- -0.16%
- YTD
- 14.56%
- 6M
- 24.82%
- 1Y
- 82.69%
- 3Y*
- -10.00%
- 5Y*
- -9.00%
- 10Y*
- 10.44%
FRNW
- 1D
- 0.43%
- 1M
- 0.89%
- YTD
- 14.35%
- 6M
- 15.90%
- 1Y
- 81.48%
- 3Y*
- 2.60%
- 5Y*
- —
- 10Y*
- —
Compare stocks, funds, or ETFs
Search for stocks, ETFs, and funds for a quick comparison or use the comparison tool for more options.
TAN vs. FRNW - Expense Ratio Comparison
TAN has a 0.69% expense ratio, which is higher than FRNW's 0.39% expense ratio.
Return for Risk
TAN vs. FRNW — Risk / Return Rank
TAN
FRNW
TAN vs. FRNW - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Invesco Solar ETF (TAN) and Fidelity Clean Energy ETF (FRNW). 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 | FRNW | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | 2.10 | 3.02 | -0.92 |
Sortino ratioReturn per unit of downside risk | 2.68 | 3.64 | -0.96 |
Omega ratioGain probability vs. loss probability | 1.33 | 1.47 | -0.14 |
Calmar ratioReturn relative to maximum drawdown | 5.21 | 7.20 | -1.98 |
Martin ratioReturn relative to average drawdown | 13.78 | 21.15 | -7.37 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
Loading graphics...
Sharpe Ratios by Period
| TAN | FRNW | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 2.10 | 3.02 | -0.92 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | -0.23 | — | — |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.28 | — | — |
Sharpe Ratio (All Time)Calculated using the full available price history | -0.15 | -0.04 | -0.11 |
Correlation
The correlation between TAN and FRNW is 0.91, 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.
Dividends
TAN vs. FRNW - Dividend Comparison
TAN has not paid dividends to shareholders, while FRNW's dividend yield for the trailing twelve months is around 1.10%.
| TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
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% |
FRNW Fidelity Clean Energy ETF | 1.10% | 1.25% | 1.43% | 1.30% | 0.69% | 0.04% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
Drawdowns
TAN vs. FRNW - Drawdown Comparison
The maximum TAN drawdown since its inception was -95.29%, which is greater than FRNW's maximum drawdown of -59.37%. Use the drawdown chart below to compare losses from any high point for TAN and FRNW.
Loading graphics...
Drawdown Indicators
| TAN | FRNW | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -95.29% | -59.37% | -35.92% |
Max Drawdown (1Y)Largest decline over 1 year | -16.25% | -11.58% | -4.67% |
Max Drawdown (5Y)Largest decline over 5 years | -73.95% | — | — |
Max Drawdown (10Y)Largest decline over 10 years | -78.53% | — | — |
Current DrawdownCurrent decline from peak | -74.16% | -17.42% | -56.74% |
Average DrawdownAverage peak-to-trough decline | -78.57% | -34.23% | -44.34% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 6.15% | 3.94% | +2.21% |
Volatility
TAN vs. FRNW - Volatility Comparison
Invesco Solar ETF (TAN) has a higher volatility of 10.07% compared to Fidelity Clean Energy ETF (FRNW) at 7.52%. This indicates that TAN's price experiences larger fluctuations and is considered to be riskier than FRNW based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
Loading graphics...
Volatility by Period
| TAN | FRNW | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 10.07% | 7.52% | +2.55% |
Volatility (6M)Calculated over the trailing 6-month period | 26.24% | 19.57% | +6.67% |
Volatility (1Y)Calculated over the trailing 1-year period | 39.51% | 27.10% | +12.41% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 39.82% | 28.45% | +11.37% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 37.78% | 28.45% | +9.33% |