TAN vs SPY
Comparison between INVESCO SOLAR ETF (TAN, ETF) and SPDR S&P 500 ETF Trust (SPY, ETF).
5-Year PerformanceSPY has outperformed TAN, delivering a return of +13.2% compared to -6.9%
TAN vs SPY - Performance Comparison
Key Characteristics
Financial metrics and valuation ratios
Net Assets
TAN
$2.30B
Winner
SPY
$784B
Expense Ratio
TAN
0.70%
Winner
SPY
0.09%
Max Drawdown
TAN
95.67%
Winner
SPY
56.47%
Sharpe Ratio
Winner
TAN
1.66
SPY
1.54
5Y Beta
TAN
1.02
Winner
SPY
1.00
P/E Ratio
TAN
100.16
Winner
SPY
27.62
Forward P/E
TAN
21.45
Winner
SPY
21.11
PEG Ratio
TAN
0.60
SPY
N/A
5Y Dividends CAGR
TAN
-5.57%
Winner
SPY
6.00%
5Y EPS CAGR
TAN
N/A
SPY
25.30%
Debt to Equity
TAN
60.34%
Winner
SPY
31.11%
P/S Ratio
Winner
TAN
0.33
SPY
3.49
P/B Ratio
Winner
TAN
1.89
SPY
5.30
TAN vs SPY - Holdings Comparison
TAN and SPY have 2 common holdings. Overlap is -0.24%
TAN's top 25 holdings weight is 94.18%. SPY's top 25 holdings weight is 51.24%.
| Rank | TAN | SPY |
|---|---|---|
| #1 | FIRST SOLAR INC (FSLR) - 12.09% | NVIDIA CORP (NVDA) - 7.81% |
| #2 | NEXTPOWER INC CLASS A (NXT) - 9.68% | APPLE INC (AAPL) - 6.81% |
| #3 | ENPHASE ENERGY INC (ENPH) - 8.20% | MICROSOFT CORP (MSFT) - 4.53% |
| #4 | ENLIGHT RENEWABLE ENERGY LTD (n/a) - 7.36% | AMAZON.COM INC (AMZN) - 3.72% |
| #5 | SOLAREDGE TECHNOLOGIES INC (SEDG) - 5.89% | ALPHABET INC CLASS A (GOOGL) - 3.39% |
| #6 | SUNRUN INC (RUN) - 4.79% | BROADCOM INC (AVGO) - 2.77% |
| #7 | HA SUSTAINABLE INFRASTRUCTURE CAPITAL INC (HASI) - 4.04% | ALPHABET INC CLASS C (GOOG) - 2.72% |
| #8 | DORAL GROUP RENEWABLE ENERYY RESOURCES LTD ORDINARY SHARES (n/a) - 3.87% | META PLATFORMS INC CLASS A (META) - 2.03% |
| #9 | OY NOFAR ENERGY LTD ORDINARY SHARES (n/a) - 3.50% | MICRON TECHNOLOGY INC (MU) - 1.78% |
| #10 | SHOALS TECHNOLOGIES GROUP INC ORDINARY SHARES CLASS A (SHLS) - 3.47% | TESLA INC (TSLA) - 1.76% |
| #11 | SOLARIA ENERGIA Y MEDIO AMBIENTE SA (n/a) - 3.45% | BERKSHIRE HATHAWAY INC CLASS B (BRK-B) - 1.41% |
| #12 | GCL TECHNOLOGY HOLDINGS LTD (n/a) - 3.09% | JPMORGAN CHASE & CO (JPM) - 1.38% |
| #13 | CLEARWAY ENERGY INC CLASS C (CWEN) - 2.80% | ELI LILLY AND CO (LLY) - 1.38% |
| #14 | ARRAY TECHNOLOGIES INC ORDINARY SHARES (ARRY) - 2.61% | ADVANCED MICRO DEVICES INC (AMD) - 1.28% |
| #15 | ENERGIX-RENEWABLE ENERGIES LTD (n/a) - 2.45% | EXXON MOBIL CORP (XOM) - 0.92% |
| #16 | GRENERGY RENOVABLES SA (n/a) - 2.42% | JOHNSON & JOHNSON (JNJ) - 0.88% |
| #17 | XINYI SOLAR HOLDINGS LTD (n/a) - 2.26% | VISA INC CLASS A (V) - 0.87% |
| #18 | SMA SOLAR TECHNOLOGY AG (n/a) - 2.17% | INTEL CORP (INTC) - 0.85% |
| #19 | UNITED RENEWABLE ENERGY CO LTD (n/a) - 1.70% | WALMART INC (WMT) - 0.82% |
| #20 | CANADIAN SOLAR INC (CSIQ) - 1.53% | CISCO SYSTEMS INC (CSCO) - 0.73% |
| #21 | DAQO NEW ENERGY CORP ADR (DQ) - 1.46% | LAM RESEARCH CORP (LRCX) - 0.71% |
| #22 | TSEC CORP (n/a) - 1.41% | APPLIED MATERIALS INC (AMAT) - 0.70% |
| #23 | SCATEC ASA ORDINARY SHARES (n/a) - 1.39% | CATERPILLAR INC (CAT) - 0.68% |
| #24 | JINKOSOLAR HOLDING CO LTD DR (JKS) - 1.31% | COSTCO WHOLESALE CORP (COST) - 0.68% |
| #25 | RENEW ENERGY GLOBAL PLC ORDINARY SHARES CLASS A (RNW) - 1.24% | MASTERCARD INC CLASS A (MA) - 0.63% |
| Total Holdings | 41 | 505 |
TAN vs SPY - Historical Returns
Returns include dividend reinvestment.
1M
TAN
-11.21%
Winner
SPY
-1.37%
3M
TAN
+6.49%
Winner
SPY
+12.22%
6M
Winner
TAN
+16.19%
SPY
+7.20%
1Y
Winner
TAN
+82.66%
SPY
+23.58%
5Y(CAGR)
TAN
-6.88%
Winner
SPY
+13.19%
10Y(CAGR)
TAN
+11.81%
Winner
SPY
+15.12%
Max(CAGR)
TAN
-6.70%
Winner
SPY
+8.44%
TAN vs SPY - Annual Returns (1999 - 2026)
Returns include dividend reinvestment.
| Year | TAN | SPY |
|---|---|---|
| 2026 | +13.49% | +7.95% |
| 2025 | +41.43% | +18.00% |
| 2024 | -36.09% | +25.59% |
| 2023 | -26.01% | +26.72% |
| 2022 | -7.07% | -18.64% |
| 2021 | -26.67% | +30.52% |
| 2020 | +222.03% | +17.28% |
| 2019 | +64.40% | +31.09% |
| 2018 | -27.28% | -5.24% |
| 2017 | +50.84% | +20.78% |
| 2016 | -43.47% | +13.59% |
| 2015 | -8.44% | +1.31% |
| 2014 | -8.24% | +14.56% |
| 2013 | +117.08% | +29.00% |
| 2012 | -35.20% | +14.17% |
| 2011 | -66.30% | +0.85% |
| 2010 | -31.04% | +13.14% |
| 2009 | +10.57% | +22.67% |
| 2008 | -66.23% | -36.25% |
| 2007 | N/A | +5.32% |
| 2006 | N/A | +13.85% |
| 2005 | N/A | +5.32% |
| 2004 | N/A | +10.75% |
| 2003 | N/A | +24.18% |
| 2002 | N/A | -22.42% |
| 2001 | N/A | -10.13% |
| 2000 | N/A | -8.84% |
| 1999 | N/A | +8.61% |
TAN vs SPY Drawdown Comparison
The maximum drawdown for TAN was -95.64%, occurring on Nov 20, 2012. This drawdown has not yet recovered.
The maximum drawdown for SPY was -55.20%, occurring on Mar 9, 2009. Recovery took 1224 trading sessions.
The current TAN drawdown is -75.04%. The current SPY drawdown is -3.18%.
| Rank | TAN | SPY |
|---|---|---|
| #1 | -95.64% May 16, 2008 - Nov 20, 2012 | -55.20% Oct 9, 2007 - Aug 16, 2012 |
| #2 | -6.53% Apr 16, 2008 - May 13, 2008 | -47.50% Mar 24, 2000 - Oct 26, 2006 |
| #3 | -0.10% May 14, 2008 - May 16, 2008 | -33.70% Feb 19, 2020 - Aug 10, 2020 |
| #4 | N/A | -24.50% Jan 3, 2022 - Dec 13, 2023 |
| #5 | N/A | -19.34% Sep 20, 2018 - Apr 12, 2019 |
| #6 | N/A | -18.76% Feb 19, 2025 - Jun 26, 2025 |
| #7 | N/A | -13.02% Jul 20, 2015 - Apr 18, 2016 |
| #8 | N/A | -10.10% Jan 26, 2018 - Aug 6, 2018 |
| #9 | N/A | -9.44% Sep 2, 2020 - Nov 11, 2020 |
| #10 | N/A | -9.30% Jan 19, 2000 - Mar 17, 2000 |
| #11 | N/A | -9.05% Jul 19, 2007 - Oct 5, 2007 |
| #12 | N/A | -8.88% Jan 27, 2026 - Apr 14, 2026 |
| #13 | N/A | -8.41% Jul 16, 2024 - Sep 19, 2024 |
| #14 | N/A | -7.35% Sep 14, 2012 - Jan 2, 2013 |
| #15 | N/A | -7.27% Sep 18, 2014 - Oct 31, 2014 |
Correlation
Correlation between TAN and SPY is 0.04 which considered as a very weak or no correlation - the stocks move independently of each other.
0.04
-101
Dividend Comparison (1999 - 2026)
TAN vs SPY dividend yield comparison.
| Year | TAN | SPY |
|---|---|---|
| 2026 | 0.00% | 0.50% |
| 2025 | 0.00% | 1.07% |
| 2024 | 0.50% | 1.21% |
| 2023 | 0.09% | 1.40% |
| 2022 | 0.00% | 1.65% |
| 2021 | 0.00% | 1.20% |
| 2020 | 0.09% | 1.52% |
| 2019 | 0.30% | 1.75% |
| 2018 | 0.69% | 2.04% |
| 2017 | 1.77% | 1.80% |
| 2016 | 5.04% | 2.03% |
| 2015 | 1.60% | 2.06% |
| 2014 | 1.88% | 1.87% |
| 2013 | 1.28% | 1.81% |
| 2012 | 9.10% | 2.18% |
| 2011 | 0.85% | 2.05% |
| 2010 | 0.04% | 1.80% |
| 2009 | 0.00% | 1.95% |
| 2008 | 0.01% | 3.02% |
| 2007 | 0.00% | 1.85% |
| 2006 | 0.00% | 1.73% |
| 2005 | 0.00% | 1.73% |
| 2004 | 0.00% | 1.82% |
| 2003 | 0.00% | 1.47% |
| 2002 | 0.00% | 1.70% |
| 2001 | 0.00% | 1.25% |
| 2000 | 0.00% | 1.15% |
| 1999 | 0.00% | 0.24% |
Select Stocks to Compare
Popular: TAN vs SPY
More Comparisons
Compare with similar stocks
Compare TAN with:
Compare SPY with:
Popular suggestions:
SPY vs VOO
SPDR S&P 500 ETF Trust vs VANGUARD 500 INDEX FUND ETF SHARES
SPY vs BRK-B
SPDR S&P 500 ETF Trust vs Berkshire Hathaway Inc - Class B
SPY vs SCHD
SPDR S&P 500 ETF Trust vs SCHWAB U.S. DIVIDEND EQUITY ETF
ICLN vs TAN
ISHARES GLOBAL CLEAN ENERGY ETF vs INVESCO SOLAR ETF
SPY vs GLD
SPDR S&P 500 ETF Trust vs SPDR Gold Shares ETF
SPY vs SPYG
SPDR S&P 500 ETF Trust vs STATE STREET(R) SPDR(R) PORTFOLIO S&P 500(R) GROWTH ETF