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

Correlation

The correlation between TAN and QCLN is 0.83, 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.


-0.50.00.51.00.8

Performance

TAN vs. QCLN - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Invesco Solar ETF (TAN) and First Trust NASDAQ Clean Edge Green Energy Index Fund (QCLN). The values are adjusted to include any dividend payments, if applicable.

-20.00%-10.00%0.00%10.00%20.00%AugustSeptemberOctoberNovemberDecember
-13.35%
-0.10%
TAN
QCLN

Key characteristics

Sharpe Ratio

TAN:

-0.97

QCLN:

-0.57

Sortino Ratio

TAN:

-1.39

QCLN:

-0.65

Omega Ratio

TAN:

0.85

QCLN:

0.93

Calmar Ratio

TAN:

-0.44

QCLN:

-0.29

Martin Ratio

TAN:

-1.62

QCLN:

-1.10

Ulcer Index

TAN:

23.20%

QCLN:

17.36%

Daily Std Dev

TAN:

38.94%

QCLN:

33.35%

Max Drawdown

TAN:

-95.29%

QCLN:

-76.18%

Current Drawdown

TAN:

-84.56%

QCLN:

-60.18%

Returns By Period

In the year-to-date period, TAN achieves a -36.67% return, which is significantly lower than QCLN's -17.57% return. Over the past 10 years, TAN has underperformed QCLN with an annualized return of 0.88%, while QCLN has yielded a comparatively higher 7.90% annualized return.


TAN

YTD

-36.67%

1M

-8.26%

6M

-13.90%

1Y

-36.67%

5Y*

1.91%

10Y*

0.88%

QCLN

YTD

-17.57%

1M

-2.98%

6M

2.11%

1Y

-17.57%

5Y*

7.28%

10Y*

7.90%

*Annualized

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TAN vs. QCLN - Expense Ratio Comparison

TAN has a 0.69% expense ratio, which is higher than QCLN's 0.60% expense ratio.


Expense ratio chart for TAN: current value at 0.69% compared with the broader market ranging from 0.00% to 2.12%.0.50%1.00%1.50%2.00%0.69%
Expense ratio chart for QCLN: current value at 0.60% compared with the broader market ranging from 0.00% to 2.12%.0.50%1.00%1.50%2.00%0.60%

Risk-Adjusted Performance

TAN vs. QCLN - Risk-Adjusted Performance Comparison

This table presents a comparison of risk-adjusted performance metrics for Invesco Solar ETF (TAN) and First Trust NASDAQ Clean Edge Green Energy Index Fund (QCLN). 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 -0.97, compared to the broader market0.002.004.00-0.97-0.57
The chart of Sortino ratio for TAN, currently valued at -1.39, compared to the broader market-2.000.002.004.006.008.0010.00-1.39-0.65
The chart of Omega ratio for TAN, currently valued at 0.85, compared to the broader market0.501.001.502.002.503.000.850.93
The chart of Calmar ratio for TAN, currently valued at -0.44, compared to the broader market0.005.0010.0015.00-0.44-0.29
The chart of Martin ratio for TAN, currently valued at -1.62, compared to the broader market0.0020.0040.0060.0080.00100.00-1.62-1.10
TAN
QCLN

The current TAN Sharpe Ratio is -0.97, which is lower than the QCLN Sharpe Ratio of -0.57. The chart below compares the historical Sharpe Ratios of TAN and QCLN, 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-1.20-1.00-0.80-0.60-0.40-0.200.000.20AugustSeptemberOctoberNovemberDecember
-0.97
-0.57
TAN
QCLN

Dividends

TAN vs. QCLN - Dividend Comparison

TAN's dividend yield for the trailing twelve months is around 0.49%, less than QCLN's 0.86% yield.


TTM2023202220212020201920182017201620152014
TAN
Invesco Solar ETF
0.49%0.09%0.00%0.00%0.09%0.30%0.70%1.77%5.04%1.60%1.88%
QCLN
First Trust NASDAQ Clean Edge Green Energy Index Fund
0.86%0.76%0.33%0.01%0.30%0.85%1.03%0.45%1.25%0.72%0.78%

Drawdowns

TAN vs. QCLN - Drawdown Comparison

The maximum TAN drawdown since its inception was -95.29%, which is greater than QCLN's maximum drawdown of -76.18%. Use the drawdown chart below to compare losses from any high point for TAN and QCLN. For additional features, visit the drawdowns tool.


-90.00%-80.00%-70.00%-60.00%-50.00%AugustSeptemberOctoberNovemberDecember
-84.56%
-60.18%
TAN
QCLN

Volatility

TAN vs. QCLN - Volatility Comparison

Invesco Solar ETF (TAN) has a higher volatility of 9.43% compared to First Trust NASDAQ Clean Edge Green Energy Index Fund (QCLN) at 8.85%. This indicates that TAN's price experiences larger fluctuations and is considered to be riskier than QCLN based on this measure. The chart below showcases a comparison of their rolling one-month volatility.


6.00%8.00%10.00%12.00%14.00%16.00%AugustSeptemberOctoberNovemberDecember
9.43%
8.85%
TAN
QCLN