TAN vs. URNM
Compare and contrast key facts about Invesco Solar ETF (TAN) and NorthShore Global Uranium Mining ETF (URNM).
TAN and URNM 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. URNM is a passively managed fund by Exchange Traded Concepts that tracks the performance of the North Shore Global Uranium Mining Index. It was launched on Dec 3, 2019. Both TAN and URNM are passive ETFs, meaning that they are not actively managed but aim to replicate the performance of the underlying index as closely as possible.
Performance
TAN vs. URNM - Performance Comparison
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TAN vs. URNM - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | |
|---|---|---|---|---|---|---|---|---|
TAN Invesco Solar ETF | 14.56% | 48.31% | -37.61% | -26.79% | -5.24% | -25.10% | 233.96% | 8.35% |
URNM NorthShore Global Uranium Mining ETF | 16.36% | 40.78% | -14.13% | 57.80% | -11.86% | 78.32% | 68.36% | 3.70% |
Returns By Period
In the year-to-date period, TAN achieves a 14.56% return, which is significantly lower than URNM's 16.36% return.
TAN
- 1D
- 1.01%
- 1M
- -0.16%
- YTD
- 14.56%
- 6M
- 24.82%
- 1Y
- 82.69%
- 3Y*
- -10.00%
- 5Y*
- -9.00%
- 10Y*
- 10.44%
URNM
- 1D
- 1.14%
- 1M
- -15.47%
- YTD
- 16.36%
- 6M
- 10.70%
- 1Y
- 103.12%
- 3Y*
- 30.96%
- 5Y*
- 20.50%
- 10Y*
- —
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TAN vs. URNM - Expense Ratio Comparison
TAN has a 0.69% expense ratio, which is lower than URNM's 0.85% expense ratio.
Return for Risk
TAN vs. URNM — Risk / Return Rank
TAN
URNM
TAN vs. URNM - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Invesco Solar ETF (TAN) and NorthShore Global Uranium Mining ETF (URNM). 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.
| TAN | URNM | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | 2.10 | 2.01 | +0.09 |
Sortino ratioReturn per unit of downside risk | 2.68 | 2.60 | +0.09 |
Omega ratioGain probability vs. loss probability | 1.33 | 1.32 | +0.01 |
Calmar ratioReturn relative to maximum drawdown | 5.21 | 3.36 | +1.85 |
Martin ratioReturn relative to average drawdown | 13.78 | 9.26 | +4.52 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
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Sharpe Ratios by Period
| TAN | URNM | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 2.10 | 2.01 | +0.09 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | -0.23 | 0.43 | -0.66 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.28 | — | — |
Sharpe Ratio (All Time)Calculated using the full available price history | -0.15 | 0.71 | -0.86 |
Correlation
The correlation between TAN and URNM is 0.39, which is considered to be low. This implies their price changes are not closely related. A low correlation is generally favorable for portfolio diversification, as it helps to reduce overall risk by spreading it across multiple assets with different performance patterns.
Dividends
TAN vs. URNM - Dividend Comparison
TAN has not paid dividends to shareholders, while URNM's dividend yield for the trailing twelve months is around 2.73%.
| 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% |
URNM NorthShore Global Uranium Mining ETF | 2.73% | 3.18% | 3.18% | 3.63% | 0.00% | 6.70% | 2.57% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
Drawdowns
TAN vs. URNM - Drawdown Comparison
The maximum TAN drawdown since its inception was -95.29%, which is greater than URNM's maximum drawdown of -50.78%. Use the drawdown chart below to compare losses from any high point for TAN and URNM.
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Drawdown Indicators
| TAN | URNM | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -95.29% | -50.78% | -44.51% |
Max Drawdown (1Y)Largest decline over 1 year | -16.25% | -30.79% | +14.54% |
Max Drawdown (5Y)Largest decline over 5 years | -73.95% | -50.78% | -23.17% |
Max Drawdown (10Y)Largest decline over 10 years | -78.53% | — | — |
Current DrawdownCurrent decline from peak | -74.16% | -23.96% | -50.20% |
Average DrawdownAverage peak-to-trough decline | -78.57% | -17.89% | -60.68% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 6.15% | 11.19% | -5.04% |
Volatility
TAN vs. URNM - Volatility Comparison
The current volatility for Invesco Solar ETF (TAN) is 10.07%, while NorthShore Global Uranium Mining ETF (URNM) has a volatility of 17.16%. This indicates that TAN experiences smaller price fluctuations and is considered to be less risky than URNM based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| TAN | URNM | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 10.07% | 17.16% | -7.09% |
Volatility (6M)Calculated over the trailing 6-month period | 26.24% | 40.48% | -14.24% |
Volatility (1Y)Calculated over the trailing 1-year period | 39.51% | 51.55% | -12.04% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 39.82% | 47.95% | -8.13% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 37.78% | 46.74% | -8.96% |