TAN vs GSWO
Comparison between INVESCO SOLAR ETF (TAN, ETF) and Goldman Sachs ActiveBeta World Low Vol Plus Equity ETF (GSWO, ETF).
TAN vs GSWO - Performance Comparison
Key Characteristics
Financial metrics and valuation ratios
Net Assets
TAN
$1.50B
GSWO
$1.50B
Expense Ratio
TAN
0.70%
Winner
GSWO
0.25%
Max Drawdown
TAN
95.67%
Winner
GSWO
18.80%
Sharpe Ratio
Winner
TAN
2.06
GSWO
1.52
5Y Beta
TAN
0.93
Winner
GSWO
0.62
P/E Ratio
TAN
109.68
Winner
GSWO
25.97
Forward P/E
Winner
TAN
19.15
GSWO
20.29
PEG Ratio
Winner
TAN
0.36
GSWO
0.48
5Y Dividends CAGR
TAN
-5.57%
GSWO
N/A
5Y EPS CAGR
TAN
N/A
GSWO
26.41%
Debt to Equity
TAN
64.84%
Winner
GSWO
28.65%
P/S Ratio
Winner
TAN
0.29
GSWO
3.00
P/B Ratio
Winner
TAN
1.64
GSWO
5.04
TAN vs GSWO - Holdings Comparison
TAN and GSWO have 1 common holdings. Overlap is 0.00%
TAN's top 25 holdings weight is 93.46%. GSWO's top 25 holdings weight is 37.22%.
| Rank | TAN | GSWO |
|---|---|---|
| #1 | FIRST SOLAR INC (FSLR) - 10.14% | NVIDIA CORP (NVDA) - 5.79% |
| #2 | NEXTPOWER INC CLASS A (NXT) - 9.43% | APPLE INC (AAPL) - 4.74% |
| #3 | ENLIGHT RENEWABLE ENERGY LTD (n/a) - 6.63% | MICROSOFT CORP (MSFT) - 3.76% |
| #4 | ENPHASE ENERGY INC (ENPH) - 5.65% | AMAZON.COM INC (AMZN) - 2.93% |
| #5 | SUNRUN INC (RUN) - 5.26% | ALPHABET INC CLASS A (GOOGL) - 2.38% |
| #6 | SOLAREDGE TECHNOLOGIES INC (SEDG) - 5.00% | BROADCOM INC (AVGO) - 2.32% |
| #7 | GCL TECHNOLOGY HOLDINGS LTD (n/a) - 4.63% | ALPHABET INC CLASS C (GOOG) - 2.06% |
| #8 | SOLARIA ENERGIA Y MEDIO AMBIENTE SA (n/a) - 4.42% | META PLATFORMS INC CLASS A (META) - 1.77% |
| #9 | HA SUSTAINABLE INFRASTRUCTURE CAPITAL INC (HASI) - 4.40% | TESLA INC (TSLA) - 1.29% |
| #10 | DORAL GROUP RENEWABLE ENERYY RESOURCES LTD ORDINARY SHARES (n/a) - 3.53% | JPMORGAN CHASE & CO (JPM) - 1.03% |
| #11 | CLEARWAY ENERGY INC CLASS C (CWEN) - 3.34% | ELI LILLY AND CO (LLY) - 0.90% |
| #12 | XINYI SOLAR HOLDINGS LTD (n/a) - 3.19% | WALMART INC (WMT) - 0.79% |
| #13 | GRENERGY RENOVABLES SA (n/a) - 2.89% | BERKSHIRE HATHAWAY INC CLASS B (BRK-B) - 0.73% |
| #14 | OY NOFAR ENERGY LTD ORDINARY SHARES (n/a) - 2.77% | EXXON MOBIL CORP (XOM) - 0.70% |
| #15 | ARRAY TECHNOLOGIES INC ORDINARY SHARES (ARRY) - 2.51% | VISA INC CLASS A (V) - 0.69% |
| #16 | DAQO NEW ENERGY CORP ADR (DQ) - 2.43% | JOHNSON & JOHNSON (JNJ) - 0.65% |
| #17 | SHOALS TECHNOLOGIES GROUP INC ORDINARY SHARES CLASS A (SHLS) - 2.40% | MICRON TECHNOLOGY INC (MU) - 0.65% |
| #18 | SCATEC ASA ORDINARY SHARES (n/a) - 2.19% | ASML HOLDING NV (n/a) - 0.63% |
| #19 | ENERGIX-RENEWABLE ENERGIES LTD (n/a) - 2.12% | MASTERCARD INC CLASS A (MA) - 0.56% |
| #20 | SMA SOLAR TECHNOLOGY AG (n/a) - 2.11% | COSTCO WHOLESALE CORP (COST) - 0.54% |
| #21 | UNITED RENEWABLE ENERGY CO LTD (n/a) - 2.08% | ADVANCED MICRO DEVICES INC (AMD) - 0.53% |
| #22 | JINKOSOLAR HOLDING CO LTD DR (JKS) - 1.81% | NETFLIX INC (NFLX) - 0.47% |
| #23 | HD HYUNDAI ENERGY SOLUTIONS CO LTD ORDINARY SHARES (n/a) - 1.60% | LAM RESEARCH CORP (LRCX) - 0.46% |
| #24 | TSEC CORP (n/a) - 1.54% | CISCO SYSTEMS INC (CSCO) - 0.43% |
| #25 | FLAT GLASS GROUP CO LTD SHS -H- REG S (n/a) - 1.39% | CATERPILLAR INC (CAT) - 0.42% |
| Total Holdings | 42 | 777 |
TAN vs GSWO - Historical Returns
Returns include dividend reinvestment.
1M
Winner
TAN
+11.64%
GSWO
+6.94%
3M
Winner
TAN
+5.48%
GSWO
+4.55%
6M
Winner
TAN
+22.92%
GSWO
+11.85%
1Y
Winner
TAN
+101.56%
GSWO
+21.75%
5Y(CAGR)
TAN
-3.68%
Winner
GSWO
+12.54%
10Y(CAGR)
TAN
+12.02%
GSWO
N/A
Max(CAGR)
TAN
-6.06%
Winner
GSWO
+12.54%
TAN vs GSWO - Annual Returns (2008 - 2026)
Returns include dividend reinvestment.
| Year | TAN | GSWO |
|---|---|---|
| 2026 | +20.04% | +9.11% |
| 2025 | +41.43% | +18.96% |
| 2024 | -36.09% | +15.96% |
| 2023 | -26.01% | +16.40% |
| 2022 | -7.07% | -6.17% |
| 2021 | -26.67% | N/A |
| 2020 | +222.03% | N/A |
| 2019 | +64.40% | N/A |
| 2018 | -27.28% | N/A |
| 2017 | +50.84% | N/A |
| 2016 | -43.47% | N/A |
| 2015 | -8.44% | N/A |
| 2014 | -8.24% | N/A |
| 2013 | +117.08% | N/A |
| 2012 | -35.20% | N/A |
| 2011 | -63.84% | N/A |
| 2010 | -30.79% | N/A |
| 2009 | +10.57% | N/A |
| 2008 | -66.18% | N/A |
TAN vs GSWO Drawdown Comparison
The maximum drawdown for TAN was -95.29%, occurring on Nov 20, 2012. This drawdown has not yet recovered.
The maximum drawdown for GSWO was -17.78%, occurring on Oct 12, 2022. Recovery took 323 trading sessions.
The current TAN drawdown is -71.53%.
| Rank | TAN | GSWO |
|---|---|---|
| #1 | -95.29% May 16, 2008 - Nov 20, 2012 | -17.78% Mar 29, 2022 - Jul 13, 2023 |
| #2 | -6.53% Apr 16, 2008 - May 13, 2008 | -9.97% Feb 13, 2025 - May 2, 2025 |
| #3 | -0.10% May 14, 2008 - May 16, 2008 | -8.93% Feb 25, 2026 - Apr 15, 2026 |
| #4 | N/A | -7.71% Jul 25, 2023 - Nov 22, 2023 |
| #5 | N/A | -5.68% Dec 5, 2024 - Feb 11, 2025 |
| #6 | N/A | -4.68% Jul 17, 2024 - Aug 15, 2024 |
| #7 | N/A | -4.67% Mar 28, 2024 - Jun 12, 2024 |
| #8 | N/A | -3.36% Oct 18, 2024 - Nov 7, 2024 |
| #9 | N/A | -2.77% Nov 12, 2025 - Nov 26, 2025 |
| #10 | N/A | -2.75% Nov 7, 2024 - Nov 29, 2024 |
| #11 | N/A | -2.26% Jul 23, 2025 - Aug 12, 2025 |
| #12 | N/A | -2.04% Aug 30, 2024 - Sep 13, 2024 |
| #13 | N/A | -1.92% Oct 6, 2025 - Oct 27, 2025 |
| #14 | N/A | -1.80% Jan 12, 2026 - Jan 26, 2026 |
| #15 | N/A | -1.72% Jul 3, 2025 - Jul 23, 2025 |
Correlation
Correlation between TAN and GSWO is -0.60 which considered as a moderate negative correlation - the stocks show some tendency to move in opposite directions.
-0.60
-101
Dividend Comparison (2008 - 2026)
TAN vs GSWO dividend yield comparison.
| Year | TAN | GSWO |
|---|---|---|
| 2026 | 0.00% | 0.30% |
| 2025 | 0.00% | 1.74% |
| 2024 | 0.50% | 1.75% |
| 2023 | 0.09% | 2.06% |
| 2022 | 0.00% | 1.73% |
| 2020 | 0.09% | 0.00% |
| 2019 | 0.30% | 0.00% |
| 2018 | 0.69% | 0.00% |
| 2017 | 1.77% | 0.00% |
| 2016 | 5.04% | 0.00% |
| 2015 | 1.60% | 0.00% |
| 2014 | 1.88% | 0.00% |
| 2013 | 1.28% | 0.00% |
| 2012 | 9.10% | 0.00% |
| 2011 | 8.54% | 0.00% |
| 2010 | 0.40% | 0.00% |
| 2008 | 0.14% | 0.00% |
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