TAN vs. UNH
TAN (Invesco Solar ETF) is Alternative Energy Equities fund tracking the MAC Global Solar Energy Index, while UNH (UnitedHealth Group Incorporated) is a stock. Over the past 10 years, TAN returned 13.06%/yr vs 13.32%/yr for UNH. At a 0.24 correlation, their price movements are largely independent.
Performance
TAN vs. UNH - 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 UNH's 24.71% return. Both investments have delivered pretty close results over the past 10 years, with TAN having a 13.06% annualized return and UNH not far ahead at 13.32%.
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%
UNH
- 1D
- 0.73%
- 1M
- 3.72%
- YTD
- 24.71%
- 6M
- 20.44%
- 1Y
- 33.97%
- 3Y*
- -4.10%
- 5Y*
- 2.27%
- 10Y*
- 13.32%
TAN vs. UNH - 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% |
UNH UnitedHealth Group Incorporated | 24.71% | -33.14% | -2.41% | 0.80% | 6.94% | 45.20% | 21.25% | 20.00% | 14.52% | 39.83% |
Correlation
The correlation between TAN and UNH is 0.07, meaning there is essentially no relationship between their price movements. Each responds to its own set of market drivers, making them strong candidates for combining in a diversified portfolio.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.07 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.02 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.08 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.15 |
Correlation (All Time) Calculated using the full available price history since Apr 15, 2008 | 0.24 |
The correlation between TAN and UNH shifts across timeframes, from 0.02 (3 years) to 0.24 (all time), reflecting how their relationship changes across market environments.
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Return for Risk
TAN vs. UNH — Risk / Return Rank
TAN
UNH
TAN vs. UNH - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Invesco Solar ETF (TAN) and UnitedHealth Group Incorporated (UNH). 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 | UNH | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +1.37 | ||
| Sortino ratioReturn per unit of downside risk | +1.49 | ||
| Omega ratioGain probability vs. loss probability | 1.34 | 1.19 | +0.15 |
| Calmar ratioReturn relative to maximum drawdown | 4.23 | 1.11 | +3.13 |
| Martin ratioReturn relative to average drawdown | 13.77 | 2.43 | +11.34 |
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Drawdowns
TAN vs. UNH - Drawdown Comparison
The maximum TAN drawdown since its inception was -95.29%, which is greater than UNH's maximum drawdown of -74.37%. Use the drawdown chart below to compare losses from any high point for TAN and UNH.
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Drawdown Indicators
| TAN | UNH | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -95.29% | -74.37% | -20.92% |
Max Drawdown (1Y)Largest decline over 1 year | -19.98% | -28.96% | +8.98% |
Max Drawdown (3Y)Largest decline over 3 years | -64.40% | -61.39% | -3.01% |
Max Drawdown (5Y)Largest decline over 5 years | -73.95% | -61.39% | -12.56% |
Max Drawdown (10Y)Largest decline over 10 years | -78.53% | -61.39% | -17.14% |
Current DrawdownCurrent decline from peak | -71.05% | -32.27% | -38.78% |
Average DrawdownAverage peak-to-trough decline | -78.48% | -14.77% | -63.71% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 6.13% | 13.19% | -7.06% |
Volatility
TAN vs. UNH - Volatility Comparison
Invesco Solar ETF (TAN) has a higher volatility of 16.32% compared to UnitedHealth Group Incorporated (UNH) at 7.60%. This indicates that TAN's price experiences larger fluctuations and is considered to be riskier than UNH based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| TAN | UNH | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 16.32% | 7.60% | +8.72% |
Volatility (6M)Calculated over the trailing 6-month period | 28.02% | 30.86% | -2.84% |
Volatility (1Y)Calculated over the trailing 1-year period | 39.00% | 40.10% | -1.10% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 40.04% | 31.87% | +8.17% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 38.11% | 30.18% | +7.93% |
Dividends
TAN vs. UNH - Dividend Comparison
TAN has not paid dividends to shareholders, while UNH's dividend yield for the trailing twelve months is around 2.16%.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
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% |
UNH UnitedHealth Group Incorporated | 2.16% | 2.64% | 1.62% | 1.38% | 1.21% | 1.12% | 1.38% | 1.41% | 1.38% | 1.30% | 1.48% | 1.59% |
Frequently Asked Questions
TAN and UNH have a correlation of 0.07, 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 UNH (7.60%). In terms of maximum drawdown, TAN dropped -95.29% vs UNH's -74.37%.
TAN currently has the higher Sharpe Ratio (2.17 vs 0.80), 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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