TAN: Invesco Solar ETF returns, drawdowns and risk
Funds on a theme: clean energy, robotics, cybersecurity, uranium, gold miners and others.
Data updated October 2026
TAN · US exchange · USDCategory: Thematic ETFsData from April 2008
From April 2008 to October 2026 TAN returned 8.0% a year on average with dividends reinvested, in US dollars: $10,000 invested at the start was worth $2,157.
Its deepest fall was 95.4%, from May 2008 to November 2012, and it has not yet returned to the previous high. Annual volatility was 44.8%; at the last close it was 81.0% below its high.
Against SPY (SPDR S&P 500 ETF Trust), over the 222 months both have data, the correlation of monthly returns was 0.63: they moved together only in part. Beta was 1.76. In months when SPY rose, TAN moved 123% as much on average; in months when SPY fell, 211% as much.
Key figures
- Annual return (CAGR)
- −8.0%
- 1-year return
- −9.1%
- 5 years, a year
- −13.8%
- 10 years, a year
- +8.4%
- Annual volatility
- 44.8%
- Maximum drawdown
- −95.4%
- Sharpe ratio
- 0.01
- Worst year
- 2011: −66.2%
Trailing returns
| Period | TAN | SPY |
|---|---|---|
| 1 year | −9.1% | +16.6% |
| 3 years, a year | −0.9% | +23.1% |
| 5 years, a year | −13.8% | +12.7% |
| 10 years, a year | +8.4% | +15.4% |
To the last close of October 2026. Periods longer than a year are annualised.
Growth of $10,000: TAN vs SPY
Month-end values from May 2008, the first month both funds have data.
TAN drawdowns
Percentage below the previous high, weekly.
Returns by calendar year
| Year | TAN | SPY |
|---|---|---|
| 2026(partial) | −13.4% | +13.3% |
| 2025 | +48.3% | +17.7% |
| 2024 | −37.6% | +24.9% |
| 2023 | −26.8% | +26.2% |
| 2022 | −5.2% | −18.2% |
| 2021 | −25.1% | +28.7% |
| 2020 | +234.0% | +18.3% |
| 2019 | +66.5% | +31.2% |
| 2018 | −25.7% | −4.6% |
| 2017 | +54.4% | +21.7% |
| 2016 | −43.2% | +12.0% |
| 2015 | −8.7% | +1.2% |
| 2014 | −1.2% | +13.5% |
| 2013 | +127.9% | +32.3% |
| 2012 | −30.8% | +16.0% |
| 2011 | −66.2% | +1.9% |
| 2010 | −25.9% | +15.1% |
| 2009 | +16.9% | +26.4% |
| 2008(partial) | −65.7% | — |
TAN compared
How the figures are calculated
Total return in the fund’s trading currency, from end-of-day prices with dividends reinvested on the ex-date. The fund’s own ongoing charges are already reflected in its price; trading costs, taxes and currency conversion are not included. Past returns do not predict future returns.
Sharpe ratio uses the return of short-term government bills in the same currency as the risk-free rate. The growth chart uses month-end values; drawdowns and volatility use daily closes.
Questions
What is the average annual return of TAN?
From April 2008 to October 2026 TAN returned 8.0% a year on average (CAGR) with dividends reinvested, in USD. Over the last 5 years: −13.8% a year. Over the last 12 months: −9.1%.
What was the worst drawdown of TAN?
95.4%, from May 2008 to November 2012; it has not yet returned to the previous high.
How volatile is TAN?
Annual volatility was 44.8% over the period. Its worst month was −42.0% and 48% of months were positive. Worst calendar year: 2011 (−66.2%).
How closely does TAN follow SPY?
Over 222 months the correlation of monthly returns was 0.63, so they moved together only in part, with a beta of 1.76.
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Other Thematic ETFs
- All Thematic ETFsReturns and risk side by side
- ARKK — ARK Innovation ETFCAGR +13.7%
- ICLN — iShares Global Clean Energy ETFCAGR −4.2%
- GDX — VanEck Gold Miners ETFCAGR +5.3%
- URA — Global X Uranium ETFCAGR +23.9%
- LIT — Global X Lithium & Battery Tech ETFCAGR +5.9%
- BOTZ — Global X Robotics & Artificial Intelligence ETFCAGR +8.9%
- AIQ — Global X Artificial Intelligence & Technology ETFCAGR +19.1%
- CIBR — First Trust NASDAQ Cybersecurity ETFCAGR +16.3%
- HACK — Amplify Cybersecurity ETFCAGR +14.6%
- SKYY — First Trust Cloud Computing ETFCAGR +15.1%
- PAVE — Global X U.S. Infrastructure Development ETFCAGR +22.6%
Source: MarketStack end-of-day prices, total return with dividends reinvested. Figures are historical and descriptive; they are not forecasts and not investment advice. MEDGE Capital does not recommend buying or selling any instrument. Risk disclaimer.