WNDY vs. TAN
Compare and contrast key facts about Global X Wind Energy ETF (WNDY) and Invesco Solar ETF (TAN).
WNDY and TAN are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. WNDY is a passively managed fund by Global X that tracks the performance of the Solactive Wind Energy Index - Benchmark TR Gross. It was launched on Sep 8, 2021. 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. Both WNDY and TAN are passive ETFs, meaning that they are not actively managed but aim to replicate the performance of the underlying index as closely as possible.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: WNDY or TAN.
Key characteristics
| WNDY | TAN | |
|---|---|---|
| YTD Return | -13.60% | -32.45% |
| 1Y Return | -2.92% | -13.20% |
| 3Y Return (Ann) | -21.84% | -27.86% |
| Sharpe Ratio | -0.13 | -0.37 |
| Sortino Ratio | -0.00 | -0.28 |
| Omega Ratio | 1.00 | 0.97 |
| Calmar Ratio | -0.06 | -0.18 |
| Martin Ratio | -0.34 | -0.74 |
| Ulcer Index | 9.66% | 20.62% |
| Daily Std Dev | 25.64% | 41.55% |
| Max Drawdown | -56.60% | -95.29% |
| Current Drawdown | -55.01% | -83.53% |
Correlation
The correlation between WNDY and TAN is 0.67, which is considered to be moderate. This suggests that the two assets have some degree of positive relationship in their price movements. Moderate correlation can be acceptable for portfolio diversification, offering a balance between risk and potential returns.
Performance
WNDY vs. TAN - Performance Comparison
In the year-to-date period, WNDY achieves a -13.60% return, which is significantly higher than TAN's -32.45% return. The chart below displays the growth of a $10,000 investment in both assets, with all prices adjusted for splits and dividends.
Compare stocks, funds, or ETFs
Search for stocks, ETFs, and funds for a quick comparison or use the comparison tool for more options.
WNDY vs. TAN - Expense Ratio Comparison
WNDY has a 0.50% expense ratio, which is lower than TAN's 0.69% expense ratio.
Risk-Adjusted Performance
WNDY vs. TAN - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for Global X Wind Energy ETF (WNDY) and Invesco Solar ETF (TAN). 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.
Dividends
WNDY vs. TAN - Dividend Comparison
WNDY's dividend yield for the trailing twelve months is around 1.03%, more than TAN's 0.13% yield.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
WNDY Global X Wind Energy ETF | 1.03% | 1.40% | 0.71% | 0.05% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
TAN Invesco Solar ETF | 0.13% | 0.09% | 0.00% | 0.00% | 0.09% | 0.30% | 0.70% | 1.77% | 5.04% | 1.60% | 1.88% | 1.28% |
Drawdowns
WNDY vs. TAN - Drawdown Comparison
The maximum WNDY drawdown since its inception was -56.60%, smaller than the maximum TAN drawdown of -95.29%. Use the drawdown chart below to compare losses from any high point for WNDY and TAN. For additional features, visit the drawdowns tool.
Volatility
WNDY vs. TAN - Volatility Comparison
The current volatility for Global X Wind Energy ETF (WNDY) is 12.04%, while Invesco Solar ETF (TAN) has a volatility of 15.68%. This indicates that WNDY experiences smaller price fluctuations and is considered to be less risky than TAN based on this measure. The chart below showcases a comparison of their rolling one-month volatility.