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

Key characteristics


TANQCLN
YTD Return-14.92%-17.81%
1Y Return-37.39%-28.54%
3Y Return (Ann)-19.81%-19.02%
5Y Return (Ann)14.55%12.09%
10Y Return (Ann)1.44%6.37%
Sharpe Ratio-1.02-0.86
Daily Std Dev36.93%33.77%
Max Drawdown-95.29%-76.18%
Current Drawdown-79.26%-60.30%

Correlation

0.83
-1.001.00

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.

Performance

TAN vs. QCLN - Performance Comparison

In the year-to-date period, TAN achieves a -14.92% return, which is significantly higher than QCLN's -17.81% return. Over the past 10 years, TAN has underperformed QCLN with an annualized return of 1.44%, while QCLN has yielded a comparatively higher 6.37% annualized return. The chart below displays the growth of a $10,000 investment in both assets, with all prices adjusted for splits and dividends.


-50.00%0.00%50.00%100.00%OctoberNovemberDecember2024FebruaryMarch
-76.45%
52.84%
TAN
QCLN

Compare stocks, funds, or ETFs


Invesco Solar ETF

First Trust NASDAQ Clean Edge Green Energy Index Fund

TAN vs. QCLN - Expense Ratio Comparison

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

TAN
Invesco Solar ETF
0.50%1.00%1.50%2.00%0.69%

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.


Sharpe ratioSortino ratioOmega ratioCalmar ratioUlcer Index
TAN
Invesco Solar ETF
-1.02
QCLN
First Trust NASDAQ Clean Edge Green Energy Index Fund
-0.86

TAN vs. QCLN - Sharpe Ratio Comparison

The current TAN Sharpe Ratio is -1.02, which roughly equals the QCLN Sharpe Ratio of -0.86. The chart below compares the 12-month rolling Sharpe Ratio of TAN and QCLN.


Rolling 12-month Sharpe Ratio-1.50-1.00-0.500.00OctoberNovemberDecember2024FebruaryMarch
-1.02
-0.86
TAN
QCLN

Dividends

TAN vs. QCLN - Dividend Comparison

TAN's dividend yield for the trailing twelve months is around 0.11%, less than QCLN's 0.77% yield.


TTM20232022202120202019201820172016201520142013
TAN
Invesco Solar ETF
0.11%0.09%0.00%0.00%0.09%0.29%0.69%1.77%5.04%1.60%1.88%1.28%
QCLN
First Trust NASDAQ Clean Edge Green Energy Index Fund
0.77%0.76%0.33%0.01%0.30%0.85%1.03%0.45%1.24%0.72%0.79%0.41%

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%. The drawdown chart below compares losses from any high point along the way for TAN and QCLN


-85.00%-80.00%-75.00%-70.00%-65.00%-60.00%-55.00%-50.00%OctoberNovemberDecember2024FebruaryMarch
-79.26%
-60.30%
TAN
QCLN

Volatility

TAN vs. QCLN - Volatility Comparison

Invesco Solar ETF (TAN) and First Trust NASDAQ Clean Edge Green Energy Index Fund (QCLN) have volatilities of 10.03% and 9.60%, respectively, indicating that both stocks experience similar levels of price fluctuations. This suggests that the risk associated with both stocks, as measured by volatility, is nearly the same. The chart below showcases a comparison of their rolling one-month volatility.


6.00%8.00%10.00%12.00%14.00%16.00%OctoberNovemberDecember2024FebruaryMarch
10.03%
9.60%
TAN
QCLN