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TAN correlations (Invesco Solar ETF)

TAN measured against 4756 US stocks and ETFs: closest co-movers on one side, the best offsets on the other, all from weekly returns.

Data as of 2026-08-27 · refreshed every trading day · Thematic

Volatility (ann.)
37.4%
3y weekly
Beta vs S&P 500
1.04
3y weekly
1-year return
+21.4%
price, adjusted
5-year return
-41.9%
price, adjusted
Max drawdown
-55.4%
3y, daily closes
-5%0%+68%2025-09-052026-08-27
TAN over the last 12 months, weekly closes indexed to 100 at the start.

Stocks and ETFs most correlated with TAN

AssetCorrelation (3Y)
ICLNiShares Global Clean Energy ETF0.89
RUNSunrun Inc.0.81
FSLRFirst Solar0.77
ARRYArray Technologies, Inc.0.70
ENPHEnphase Energy, Inc.0.69
SEDGSolarEdge Technologies, Inc.0.68
NXTNextpower Inc.0.66
AMRCAmeresco, Inc.0.65
SHLSShoals Technologies Group, Inc.0.61
CSIQCanadian Solar Inc.0.60
BLDPBallard Power Systems, Inc.0.59
HASIHA Sustainable Infrastructure Capital, Inc.0.57
ORAOrmat Technologies, Inc.0.54
IWMiShares Russell 2000 ETF0.52
BCBrunswick Corporation0.52

Best diversifiers for TAN

If the goal is offsetting TAN, these tracked assets have historically moved the most on their own terms.

AssetCorrelation (3Y)
VXXiPath Series B S&P 500 VIX Short-Term Futures ETN-0.35
VXZiPath Series B S&P 500 VIX Mid-Term Futures ETN-0.29
FNGDMicroSectors FANG Index -3X Inverse Leveraged ETNs due-0.28
PGRProgressive Corporation-0.20
ORLYO'Reilly Automotive-0.19
RSGRepublic Services-0.19
FCNFTI Consulting, Inc.-0.18
GIBOGIBO Holdings Limited - Class A-0.18
CORCencora-0.18
INLXIntellinetics, Inc.-0.16

TAN vs benchmarks

TAN vs SPY 0.40 TAN vs QQQ 0.39

TAN vs its peers

TAN vs ICLN 0.89 TAN vs SOXX 0.48 TAN vs SMH 0.44 TAN vs XBI 0.43 TAN vs IBB 0.39

Get TAN data as JSON

Free API · no key required
$ curl https://www.pairbook.io/api/v1/symbols/tan.json

Correlations, diversifiers, beta and volatility for TAN, plus one endpoint per pair. API documentation.