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

Correlation

The correlation between TAN and ICLN is 0.58, 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.


-0.50.00.51.0
Correlation: 0.6

Performance

TAN vs. ICLN - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Invesco Solar ETF (TAN) and iShares Global Clean Energy ETF (ICLN). The values are adjusted to include any dividend payments, if applicable.

-85.00%-80.00%-75.00%-70.00%-65.00%NovemberDecember2025FebruaryMarchApril
-85.81%
-68.32%
TAN
ICLN

Key characteristics

Sharpe Ratio

TAN:

-0.66

ICLN:

-0.39

Sortino Ratio

TAN:

-0.79

ICLN:

-0.40

Omega Ratio

TAN:

0.91

ICLN:

0.95

Calmar Ratio

TAN:

-0.29

ICLN:

-0.13

Martin Ratio

TAN:

-1.06

ICLN:

-0.58

Ulcer Index

TAN:

24.48%

ICLN:

15.78%

Daily Std Dev

TAN:

39.21%

ICLN:

23.33%

Max Drawdown

TAN:

-95.29%

ICLN:

-87.15%

Current Drawdown

TAN:

-86.28%

ICLN:

-68.32%

Returns By Period

In the year-to-date period, TAN achieves a -9.78% return, which is significantly lower than ICLN's 4.13% return. Over the past 10 years, TAN has underperformed ICLN with an annualized return of -3.85%, while ICLN has yielded a comparatively higher 0.89% annualized return.


TAN

YTD

-9.78%

1M

-4.72%

6M

-22.91%

1Y

-24.53%

5Y*

1.18%

10Y*

-3.85%

ICLN

YTD

4.13%

1M

2.78%

6M

-9.08%

1Y

-7.92%

5Y*

4.25%

10Y*

0.89%

*Annualized

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TAN vs. ICLN - Expense Ratio Comparison

TAN has a 0.69% expense ratio, which is higher than ICLN's 0.46% expense ratio.


Expense ratio chart for TAN: current value is 0.69%, compared with the broader market range of 0.00% to 2.12%.0.50%1.00%1.50%2.00%
TAN: 0.69%
Expense ratio chart for ICLN: current value is 0.46%, compared with the broader market range of 0.00% to 2.12%.0.50%1.00%1.50%2.00%
ICLN: 0.46%

Risk-Adjusted Performance

TAN vs. ICLN — Risk-Adjusted Performance Rank

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

TAN
The Risk-Adjusted Performance Rank of TAN is 44
Overall Rank
The Sharpe Ratio Rank of TAN is 22
Sharpe Ratio Rank
The Sortino Ratio Rank of TAN is 22
Sortino Ratio Rank
The Omega Ratio Rank of TAN is 33
Omega Ratio Rank
The Calmar Ratio Rank of TAN is 66
Calmar Ratio Rank
The Martin Ratio Rank of TAN is 55
Martin Ratio Rank

ICLN
The Risk-Adjusted Performance Rank of ICLN is 88
Overall Rank
The Sharpe Ratio Rank of ICLN is 66
Sharpe Ratio Rank
The Sortino Ratio Rank of ICLN is 66
Sortino Ratio Rank
The Omega Ratio Rank of ICLN is 77
Omega Ratio Rank
The Calmar Ratio Rank of ICLN is 1111
Calmar Ratio Rank
The Martin Ratio Rank of ICLN is 1010
Martin Ratio Rank
The risk-adjusted ranks indicate the investment's position relative to the market. A rank closer to 100 signifies top-performing investments, while a rank closer to 0 might suggest underperformance, based on the selected ratio. The values are calculated based on the past 12 months of returns.

TAN vs. ICLN - Risk-Adjusted Performance Comparison

This table presents a comparison of risk-adjusted performance metrics for Invesco Solar ETF (TAN) and iShares Global Clean Energy ETF (ICLN). 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.


The chart of Sharpe ratio for TAN, currently valued at -0.66, compared to the broader market-1.000.001.002.003.004.00
TAN: -0.66
ICLN: -0.39
The chart of Sortino ratio for TAN, currently valued at -0.79, compared to the broader market-2.000.002.004.006.008.00
TAN: -0.79
ICLN: -0.40
The chart of Omega ratio for TAN, currently valued at 0.91, compared to the broader market0.501.001.502.002.50
TAN: 0.91
ICLN: 0.95
The chart of Calmar ratio for TAN, currently valued at -0.29, compared to the broader market0.002.004.006.008.0010.0012.00
TAN: -0.30
ICLN: -0.13
The chart of Martin ratio for TAN, currently valued at -1.06, compared to the broader market0.0020.0040.0060.00
TAN: -1.06
ICLN: -0.58

The current TAN Sharpe Ratio is -0.66, which is lower than the ICLN Sharpe Ratio of -0.39. The chart below compares the historical Sharpe Ratios of TAN and ICLN, offering insights into how both investments have performed under varying market conditions. These values are calculated using daily returns over the previous 12 months.


Rolling 12-month Sharpe Ratio-1.20-1.00-0.80-0.60-0.40-0.200.000.20NovemberDecember2025FebruaryMarchApril
-0.66
-0.39
TAN
ICLN

Dividends

TAN vs. ICLN - Dividend Comparison

TAN's dividend yield for the trailing twelve months is around 0.55%, less than ICLN's 1.77% yield.


TTM20242023202220212020201920182017201620152014
TAN
Invesco Solar ETF
0.55%0.50%0.09%0.00%0.00%0.09%0.30%0.70%1.77%5.04%1.60%1.88%
ICLN
iShares Global Clean Energy ETF
1.77%1.85%1.59%0.89%1.18%0.34%1.36%2.77%2.49%3.88%2.36%2.83%

Drawdowns

TAN vs. ICLN - Drawdown Comparison

The maximum TAN drawdown since its inception was -95.29%, which is greater than ICLN's maximum drawdown of -87.15%. Use the drawdown chart below to compare losses from any high point for TAN and ICLN. For additional features, visit the drawdowns tool.


-85.00%-80.00%-75.00%-70.00%-65.00%NovemberDecember2025FebruaryMarchApril
-85.81%
-68.32%
TAN
ICLN

Volatility

TAN vs. ICLN - Volatility Comparison

Invesco Solar ETF (TAN) has a higher volatility of 15.77% compared to iShares Global Clean Energy ETF (ICLN) at 10.21%. This indicates that TAN's price experiences larger fluctuations and is considered to be riskier than ICLN 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%NovemberDecember2025FebruaryMarchApril
15.77%
10.21%
TAN
ICLN