Institution: 2026 is the "turning point year" for the photovoltaic industry, Huatai-PB CSI Photovoltaic Industry ETF(515790) rising by 1.15%

NewTimeSpace News, as of January 22, 2026, 10:44, the Photovoltaic ETF (515790) has risen by 1.15%, with the latest price at 1.06 yuan. Over a longer period, as of January 21, 2026, the Photovoltaic ETF has seen a cumulative increase of 0.87% over the past week, ranking second among 12 comparable funds. (The stocks listed above are merely components of the index and do not constitute specific recommendations.)

In terms of liquidity, the Photovoltaic ETF has a mid-session turnover rate of 3.37%, with a trading volume of 343 million yuan. Over a longer period, as of January 21, the ETF has an average daily trading volume of 6.08 billion yuan over the past year, ranking first among comparable funds. (Data source: Wind)

In terms of scale, the Photovoltaic ETF has seen a significant increase of 16.48 billion yuan in scale over the past year, with the additional scale ranking first among 12 comparable funds. (Data source: Wind)

Data shows that leveraged funds are continuously being deployed. The latest financing purchase amount for the Photovoltaic ETF has reached 28.3393 million yuan, with the latest financing balance at 373 million yuan. (Data source: Wind)

As of January 21, 2026, the net value of the Photovoltaic ETF has increased by 19.80% over the past two years. In terms of profitability, since its inception, the Photovoltaic ETF has achieved a maximum monthly return of 24.61%, the longest consecutive increase over five months, with the longest cumulative increase of 79.02%. The average return in rising months is 9.52%. As of January 21, 2026, the ETF has exceeded its benchmark annualized return by 1.05% over the past two years.

As of January 16, 2026, the one-year Sharpe ratio of the Photovoltaic ETF was 1.65. In terms of drawdown, as of January 21, 2026, the maximum drawdown of the Photovoltaic ETF since the beginning of the year was 3.05%, with a relative drawdown of 0.10% compared to the benchmark.

In terms of fees, the Photovoltaic ETF has a management fee rate of 0.50% and a custody fee rate of 0.10%, which are at a relatively low level among comparable funds.

In terms of tracking precision, as of January 21, 2026, the tracking error of the Photovoltaic ETF over the past six months was 0.019%, the highest tracking precision among comparable funds.

The Photovoltaic ETF closely tracks the CSI Photovoltaic Industry Index, which selects no more than 50 of the most representative securities from listed companies whose main business involves the upstream, midstream, and downstream of the photovoltaic industry chain, to reflect the overall performance of securities of photovoltaic industry companies.

Zheshang Securities noted that 2026 is the "turning point year" for the photovoltaic industry. Prices have bottomed out and rebounded, with polysilicon prices rising by 47% quarter-on-quarter in the third quarter of 2025. Meanwhile, the establishment of a silicon material reserve platform is expected to drive supply contraction, and demand recovery is expected to boost profit improvement.‌

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