TAN vs. ICLN
Compare and contrast key facts about Invesco Solar ETF (TAN) and iShares Global Clean Energy ETF (ICLN).
TAN and ICLN 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. ICLN is a passively managed fund by iShares that tracks the performance of the S&P Global Clean Energy Index. It was launched on Jun 24, 2008. Both TAN and ICLN 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 ICLN.
Key characteristics
| TAN | ICLN | |
|---|---|---|
| YTD Return | -24.09% | -14.84% |
| 1Y Return | -47.81% | -32.04% |
| 3Y Return (Ann) | -23.66% | -17.60% |
| 5Y Return (Ann) | 9.83% | 6.79% |
| 10Y Return (Ann) | 0.68% | 4.06% |
| Sharpe Ratio | -1.28 | -1.25 |
| Daily Std Dev | 37.26% | 25.70% |
| Max Drawdown | -95.29% | -87.16% |
| Current Drawdown | -81.49% | -65.15% |
Correlation
The correlation between TAN and ICLN is 0.85, 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.
Performance
TAN vs. ICLN - Performance Comparison
In the year-to-date period, TAN achieves a -24.09% return, which is significantly lower than ICLN's -14.84% return. Over the past 10 years, TAN has underperformed ICLN with an annualized return of 0.68%, while ICLN has yielded a comparatively higher 4.06% 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. ICLN - Expense Ratio Comparison
TAN has a 0.69% expense ratio, which is higher than ICLN's 0.46% expense ratio.
Risk-Adjusted Performance
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.
Dividends
TAN vs. ICLN - Dividend Comparison
TAN's dividend yield for the trailing twelve months is around 0.12%, less than ICLN's 1.87% yield.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
TAN Invesco Solar ETF | 0.12% | 0.09% | 0.00% | 0.00% | 0.09% | 0.29% | 0.69% | 1.77% | 5.04% | 1.60% | 1.88% | 1.28% |
ICLN iShares Global Clean Energy ETF | 1.87% | 1.59% | 0.89% | 1.18% | 0.34% | 1.36% | 2.77% | 2.49% | 3.88% | 2.36% | 2.82% | 2.10% |
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 -87.16%. Use the drawdown chart below to compare losses from any high point for TAN and ICLN. For additional features, visit the drawdowns tool.
Volatility
TAN vs. ICLN - Volatility Comparison
Invesco Solar ETF (TAN) has a higher volatility of 10.88% compared to iShares Global Clean Energy ETF (ICLN) at 7.52%. 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.