TAN vs. LW
TAN (Invesco Solar ETF) is Alternative Energy Equities fund tracking the MAC Global Solar Energy Index, while LW (Lamb Weston Holdings, Inc.) is a stock. Over the past 5 years, TAN returned -4.50%/yr vs -9.85%/yr for LW. At a 0.21 correlation, their price movements are largely independent.
Performance
TAN vs. LW - Performance Comparison
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Returns By Period
In the year-to-date period, TAN achieves a 28.32% return, which is significantly higher than LW's 10.21% return.
TAN
- 1D
- 1.17%
- 1M
- -2.96%
- YTD
- 28.32%
- 6M
- 31.75%
- 1Y
- 80.24%
- 3Y*
- -4.29%
- 5Y*
- -4.50%
- 10Y*
- 13.06%
LW
- 1D
- 0.62%
- 1M
- 7.21%
- YTD
- 10.21%
- 6M
- -22.62%
- 1Y
- -14.70%
- 3Y*
- -25.00%
- 5Y*
- -9.85%
- 10Y*
- —
TAN vs. LW - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
TAN Invesco Solar ETF | 28.32% | 48.31% | -37.61% | -26.79% | -5.24% | -25.10% | 233.96% | 66.53% | -25.67% | 54.38% |
LW Lamb Weston Holdings, Inc. | 10.21% | -35.69% | -37.01% | 22.32% | 42.89% | -18.40% | -7.23% | 18.27% | 31.81% | 51.77% |
Correlation
The correlation between TAN and LW is 0.14, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.14 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.18 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.20 |
Correlation (All Time) Calculated using the full available price history since Nov 10, 2016 | 0.21 |
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Return for Risk
TAN vs. LW — Risk / Return Rank
TAN
LW
TAN vs. LW - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Invesco Solar ETF (TAN) and Lamb Weston Holdings, Inc. (LW). 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.
Values are calculated on a 1-year rolling basis and updated daily. Risk-adjusted metrics are more stable over longer periods — use the period switch above to explore them.
| TAN | LW | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +2.55 | ||
| Sortino ratioReturn per unit of downside risk | +2.99 | ||
| Omega ratioGain probability vs. loss probability | 1.34 | 0.96 | +0.37 |
| Calmar ratioReturn relative to maximum drawdown | 4.23 | -0.41 | +4.64 |
| Martin ratioReturn relative to average drawdown | 13.77 | -0.71 | +14.47 |
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Drawdowns
TAN vs. LW - Drawdown Comparison
The maximum TAN drawdown since its inception was -95.29%, which is greater than LW's maximum drawdown of -64.56%. Use the drawdown chart below to compare losses from any high point for TAN and LW.
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Drawdown Indicators
| TAN | LW | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -95.29% | -64.56% | -30.73% |
Max Drawdown (1Y)Largest decline over 1 year | -19.98% | -41.37% | +21.39% |
Max Drawdown (3Y)Largest decline over 3 years | -64.40% | -64.56% | +0.16% |
Max Drawdown (5Y)Largest decline over 5 years | -73.95% | -64.56% | -9.39% |
Max Drawdown (10Y)Largest decline over 10 years | -78.53% | — | — |
Current DrawdownCurrent decline from peak | -71.05% | -57.84% | -13.21% |
Average DrawdownAverage peak-to-trough decline | -78.48% | -21.32% | -57.16% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 6.13% | 24.00% | -17.87% |
Volatility
TAN vs. LW - Volatility Comparison
Invesco Solar ETF (TAN) has a higher volatility of 16.32% compared to Lamb Weston Holdings, Inc. (LW) at 9.19%. This indicates that TAN's price experiences larger fluctuations and is considered to be riskier than LW based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| TAN | LW | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 16.32% | 9.19% | +7.13% |
Volatility (6M)Calculated over the trailing 6-month period | 28.02% | 38.28% | -10.26% |
Volatility (1Y)Calculated over the trailing 1-year period | 39.00% | 44.27% | -5.27% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 40.04% | 37.84% | +2.20% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 38.11% | 35.87% | +2.24% |
Dividends
TAN vs. LW - Dividend Comparison
TAN has not paid dividends to shareholders, while LW's dividend yield for the trailing twelve months is around 3.31%.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
LW Lamb Weston Holdings, Inc. | 3.31% | 3.53% | 2.15% | 1.04% | 1.10% | 1.48% | 1.17% | 0.93% | 1.04% | 1.33% | 0.00% | 0.00% |
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
TAN and LW have a correlation of 0.14, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
TAN has higher volatility (16.32%) compared to LW (9.19%). In terms of maximum drawdown, TAN dropped -95.29% vs LW's -64.56%.
TAN currently has the higher Sharpe Ratio (2.17 vs -0.38), 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.
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