TAN vs SPGM
Comparison between INVESCO SOLAR ETF (TAN, ETF) and STATE STREET(R) SPDR(R) PORTFOLIO MSCI GLOBAL STOCK MARKET ETF (SPGM, ETF).
5-Year PerformanceSPGM has outperformed TAN, delivering a return of +10.9% compared to -3.5%
TAN vs SPGM - Performance Comparison
Key Characteristics
Financial metrics and valuation ratios
Net Assets
TAN
$1.60B
SPGM
$1.60B
Expense Ratio
TAN
0.70%
Winner
SPGM
0.09%
Max Drawdown
TAN
95.67%
Winner
SPGM
33.97%
Sharpe Ratio
Winner
TAN
1.82
SPGM
1.66
5Y Beta
TAN
0.99
Winner
SPGM
0.90
P/E Ratio
TAN
129.54
Winner
SPGM
27.64
Forward P/E
TAN
24.42
Winner
SPGM
20.31
PEG Ratio
TAN
0.65
SPGM
N/A
5Y Dividends CAGR
TAN
-5.57%
Winner
SPGM
13.19%
5Y EPS CAGR
TAN
N/A
SPGM
23.98%
Debt to Equity
TAN
59.52%
SPGM
N/A
P/S Ratio
TAN
0.37
Winner
SPGM
0.31
P/B Ratio
Winner
TAN
2.12
SPGM
4.80
TAN vs SPGM - Holdings Comparison
TAN and SPGM have 6 common holdings. Overlap is 0.03%
TAN's top 25 holdings weight is 94.12%. SPGM's top 25 holdings weight is 29.28%.
| Rank | TAN | SPGM |
|---|---|---|
| #1 | FIRST SOLAR INC (FSLR) - 11.08% | NVIDIA CORP (NVDA) - 4.15% |
| #2 | ENPHASE ENERGY INC (ENPH) - 9.18% | APPLE INC (AAPL) - 3.64% |
| #3 | NEXTPOWER INC CLASS A (NXT) - 8.83% | MICROSOFT CORP (MSFT) - 2.61% |
| #4 | ENLIGHT RENEWABLE ENERGY LTD (n/a) - 7.77% | AMAZON.COM INC (AMZN) - 1.85% |
| #5 | SOLAREDGE TECHNOLOGIES INC (SEDG) - 6.28% | ALPHABET INC CLASS A (GOOGL) - 1.53% |
| #6 | SUNRUN INC (RUN) - 4.54% | ALPHABET INC CLASS C (GOOG) - 1.52% |
| #7 | DORAL GROUP RENEWABLE ENERYY RESOURCES LTD ORDINARY SHARES (n/a) - 4.30% | BROADCOM INC (AVGO) - 1.40% |
| #8 | HA SUSTAINABLE INFRASTRUCTURE CAPITAL INC (HASI) - 3.73% | n/a (TSM) - 1.38% |
| #9 | OY NOFAR ENERGY LTD ORDINARY SHARES (n/a) - 3.61% | META PLATFORMS INC CLASS A (META) - 1.29% |
| #10 | SOLARIA ENERGIA Y MEDIO AMBIENTE SA (n/a) - 3.43% | TESLA INC (TSLA) - 1.06% |
| #11 | GCL TECHNOLOGY HOLDINGS LTD (n/a) - 3.17% | JPMORGAN CHASE & CO (JPM) - 0.90% |
| #12 | SHOALS TECHNOLOGIES GROUP INC ORDINARY SHARES CLASS A (SHLS) - 3.15% | EXXON MOBIL CORP (XOM) - 0.80% |
| #13 | GRENERGY RENOVABLES SA (n/a) - 2.64% | ELI LILLY AND CO (LLY) - 0.70% |
| #14 | CLEARWAY ENERGY INC CLASS C (CWEN) - 2.63% | SAMSUNG ELECTRONICS CO LTD DR (SSNHZ) - 0.66% |
| #15 | ARRAY TECHNOLOGIES INC ORDINARY SHARES (ARRY) - 2.41% | BERKSHIRE HATHAWAY INC CLASS B (BRK-B) - 0.63% |
| #16 | SMA SOLAR TECHNOLOGY AG (n/a) - 2.37% | VISA INC CLASS A (V) - 0.58% |
| #17 | ENERGIX-RENEWABLE ENERGIES LTD (n/a) - 2.36% | ASML HOLDING NV (n/a) - 0.56% |
| #18 | XINYI SOLAR HOLDINGS LTD (n/a) - 2.34% | CHEVRON CORP (CVX) - 0.53% |
| #19 | DAQO NEW ENERGY CORP ADR (DQ) - 1.62% | COSTCO WHOLESALE CORP (COST) - 0.52% |
| #20 | CANADIAN SOLAR INC (CSIQ) - 1.55% | WALMART INC (WMT) - 0.51% |
| #21 | UNITED RENEWABLE ENERGY CO LTD (n/a) - 1.53% | JOHNSON & JOHNSON (JNJ) - 0.51% |
| #22 | HD HYUNDAI ENERGY SOLUTIONS CO LTD ORDINARY SHARES (n/a) - 1.48% | CHUBB LTD (CB) - 0.50% |
| #23 | SCATEC ASA ORDINARY SHARES (n/a) - 1.42% | TENCENT HOLDINGS LTD (n/a) - 0.50% |
| #24 | JINKOSOLAR HOLDING CO LTD DR (JKS) - 1.37% | NESTLE SA (n/a) - 0.50% |
| #25 | TSEC CORP (n/a) - 1.33% | CATERPILLAR INC (CAT) - 0.45% |
| Total Holdings | 41 | 2333 |
TAN vs SPGM - Historical Returns
Returns include dividend reinvestment.
1M
Winner
TAN
+5.50%
SPGM
+1.35%
3M
Winner
TAN
+18.41%
SPGM
+7.82%
6M
Winner
TAN
+34.30%
SPGM
+10.30%
1Y
Winner
TAN
+92.17%
SPGM
+28.47%
5Y(CAGR)
TAN
-3.46%
Winner
SPGM
+10.91%
10Y(CAGR)
TAN
+12.30%
Winner
SPGM
+12.62%
Max(CAGR)
TAN
-5.86%
Winner
SPGM
+11.24%
TAN vs SPGM - Annual Returns (2008 - 2026)
Returns include dividend reinvestment.
| Year | TAN | SPGM |
|---|---|---|
| 2026 | +24.13% | +9.17% |
| 2025 | +41.43% | +23.70% |
| 2024 | -36.09% | +17.65% |
| 2023 | -26.01% | +21.33% |
| 2022 | -7.07% | -17.95% |
| 2021 | -26.67% | +20.77% |
| 2020 | +222.03% | +14.24% |
| 2019 | +64.40% | +26.23% |
| 2018 | -27.28% | -10.47% |
| 2017 | +50.84% | +22.11% |
| 2016 | -43.47% | +10.39% |
| 2015 | -8.44% | -2.10% |
| 2014 | -8.24% | +11.58% |
| 2013 | +117.08% | +20.65% |
| 2012 | -35.20% | +1.33% |
| 2011 | -63.84% | N/A |
| 2010 | -30.79% | N/A |
| 2009 | +10.57% | N/A |
| 2008 | -66.18% | N/A |
TAN vs SPGM 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 SPGM was -33.97%, occurring on Mar 23, 2020. Recovery took 134 trading sessions.
The current TAN drawdown is -70.56%. The current SPGM drawdown is -3.37%.
| Rank | TAN | SPGM |
|---|---|---|
| #1 | -95.29% May 16, 2008 - Nov 20, 2012 | -33.97% Feb 12, 2020 - Aug 24, 2020 |
| #2 | -6.53% Apr 16, 2008 - May 13, 2008 | -25.92% Jan 4, 2022 - Jan 25, 2024 |
| #3 | -0.10% May 14, 2008 - May 16, 2008 | -21.99% Jun 18, 2015 - Jan 24, 2017 |
| #4 | N/A | -19.40% Jan 26, 2018 - Oct 24, 2019 |
| #5 | N/A | -16.90% Feb 18, 2025 - Jun 2, 2025 |
| #6 | N/A | -13.83% Jul 10, 2014 - Dec 3, 2014 |
| #7 | N/A | -11.87% Mar 19, 2012 - Sep 13, 2012 |
| #8 | N/A | -9.50% Feb 25, 2026 - Apr 15, 2026 |
| #9 | N/A | -8.97% Dec 16, 2013 - May 27, 2014 |
| #10 | N/A | -8.55% Jul 16, 2024 - Aug 30, 2024 |
| #11 | N/A | -8.37% May 21, 2013 - Aug 8, 2013 |
| #12 | N/A | -7.49% Sep 2, 2020 - Nov 9, 2020 |
| #13 | N/A | -6.08% Sep 17, 2012 - Dec 18, 2012 |
| #14 | N/A | -5.52% Sep 3, 2021 - Oct 25, 2021 |
| #15 | N/A | -5.28% Nov 8, 2021 - Jan 4, 2022 |
Correlation
Correlation between TAN and SPGM is 0.54 which considered as a moderate positive correlation - the stocks show some tendency to move together.
0.54
-101
Dividend Comparison (2008 - 2026)
TAN vs SPGM dividend yield comparison.
| Year | TAN | SPGM |
|---|---|---|
| 2026 | 0.00% | 0.80% |
| 2025 | 0.00% | 1.89% |
| 2024 | 0.50% | 1.98% |
| 2023 | 0.09% | 2.09% |
| 2022 | 0.00% | 2.37% |
| 2021 | 0.00% | 1.94% |
| 2020 | 0.09% | 1.45% |
| 2019 | 0.30% | 2.46% |
| 2018 | 0.69% | 1.89% |
| 2017 | 1.77% | 2.29% |
| 2016 | 5.04% | 1.87% |
| 2015 | 1.60% | 3.70% |
| 2014 | 1.88% | 2.18% |
| 2013 | 1.28% | 1.75% |
| 2012 | 9.10% | 2.26% |
| 2011 | 8.54% | 0.00% |
| 2010 | 0.40% | 0.00% |
| 2008 | 0.14% | 0.00% |
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