RIVN vs TAN: Correlation
Measured on weekly returns over the past three years, Rivian Automotive, Inc. (RIVN) and Invesco Solar ETF (TAN) carry a correlation of 0.42, a moderate link.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are RIVN and TAN?
On 3 years of weekly data the RIVN/TAN correlation comes out at 0.42, moderate. The link has loosened recently: the 1-year correlation (0.12) runs below the 3-year figure (0.42). The 5-year figure is 0.41, and annualized covariance runs at 1039.7 %².
Few assets follow RIVN as closely as TAN, which ranks #3 of 10 tracked partners. Over the last 12 months RIVN came out ahead by 5.7 percentage points (+27.1% against +21.4%). Risk is not evenly split, since RIVN carries 1.8 times the volatility of the other side.
How is this computed?
Pearson correlation on weekly returns: ρ(A,B) = cov(rA, rB) / (σA · σB), over windows of 52, 156 and 260 weeks. Covariance is annualized (×52) and expressed in %². Full definitions on the methodology page.
RIVN vs TAN: side by side
| RIVN (Rivian Automotive, Inc.) | TAN (Invesco Solar ETF) | |
|---|---|---|
| 1-year return | +27.1% | +21.4% |
| 5-year return | -83.3% | -41.9% |
| Volatility (ann.) | 66.9% | 37.4% |
| Beta vs S&P 500 | 1.19 | 1.04 |
| Max drawdown (3Y) | -65.5% | -55.4% |
| Market cap | $24.3B | – |
| P/E (trailing) | – | – |
| Dividend yield | 0.00% | – |
| Sector / category | US Listed | ETF · Thematic |
Year-by-year returns
| Year | RIVN | TAN |
|---|---|---|
| 2022 | -82.2% | -5.2% |
| 2023 | +27.3% | -26.8% |
| 2024 | -43.3% | -37.6% |
| 2025 | +48.2% | +48.3% |
| 2026 | -14.8% | +1.3% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are RIVN and TAN good diversifiers for each other?
A fair diversifier. At 0.42, enough of each asset's movement is its own that the pair has smoothed outcomes historically.
FAQ
What is the correlation between RIVN and TAN?
As of 2026-08-27, the correlation of weekly returns between RIVN and TAN is 0.42 over 3 years, 0.12 over 1 year and 0.41 over 5 years.
Is TAN a good diversifier for RIVN?
A fair diversifier. At 0.42, enough of each asset's movement is its own that the pair has smoothed outcomes historically.
What does a correlation of 0.42 mean?
On the −1 to +1 scale, 0.42 describes how much the two returns move together: +1 is lockstep, 0 is independence, negative values mean opposite directions. It says nothing about which performed better.
Use this data
$ curl https://www.pairbook.io/api/v1/pairs/rivn-vs-tan.json
Markdown for the live badge, attribution link included:
[](https://www.pairbook.io/pair/rivn-vs-tan/)
No key needed, free to use. Full endpoint list in the API documentation.
Related comparisons
Hubs: RIVN correlations · TAN correlations
