IBATvsTANETF Comparison
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iShares Energy Storage & Materials ETF (IBAT) and Invesco Solar ETF (TAN) belong to the same industry segment: Alternative Energy. IBAT's top 3 sector exposures are Industrials, Non-Energy Materials and Technology. In contrast, TAN's top sector exposures are Industrials, Utilities and Technology. IBAT is less expensive with a Total Expense Ratio (TER) of 0.47%, versus 0.7% for TAN. IBAT is up 32.06% year-to-date (YTD) with +$43M in YTD flows. TAN performs worse with -16.8% YTD performance, and +$139M in YTD flows. Run a side-by-side ETF comparison of IBAT and TAN below, and assess how they stack up in performance, liquidity, risk, exposure, holdings, and more, helping you select the best ETF for your investments.
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IBAT vs TAN performance and flow charts
Performance
Cumulative Flows
Historic performance and flows
Data as of 10/28/2026
| 1M | 3M | YTD | 1Y | 3Y | 5Y | ||
|---|---|---|---|---|---|---|---|
| Perf. | IBAT TAN | -5.84%-4.98% | +2.94%-16.82% | +32.06%-16.80% | +20.17%-15.69% | n/a-0.81% | n/a-57.73% |
| Flows | IBAT TAN | -+$50M | -$10M-$351M | +$43M+$139M | +$43M+$194M | --$89M | --$803M |
Volatility and drawdown
| 3M | 1Y | 3Y | 5Y | ||
|---|---|---|---|---|---|
| Volatility | IBAT TAN | +29.96%+31.52% | +31.57%+34.71% | n/a+35.95% | n/a+36.13% |
| Max drawdown | IBAT TAN | -16.17%-23.61% | -25.61%-44.70% | n/a-51.26% | n/a-73.61% |
| Max drawdown duration | IBAT TAN | 22d85d | 128d150d | n/a756d | n/a1822d |
Trading data
IBAT | TAN | |
Last sale 10/28/2026 at 7:59 PM | $37.48 | $41.01 |
| Previous close 10/28/2026 | $36.92 | $40.98 |
| Consolidated volume 10/28/2026 | ||
| Average volume 30 days | ||
| Average discount or premium 30 days | ||
| Average Bid/Ask spread 30 days |
Replication quality
Data as of September 30, 2026
1-year trailing difference
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IBAT | TAN | |
|---|---|---|
| Tracking error | ||
| Tracking difference | ||
| 1 year cumulative return difference | ||
| Best | ||
| Worst | ||
| Daily return difference | ||
| Average | ||
| Worst | ||
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Main metrics
Last update 10/28/2026 at 7:59 PM
Live
Closed
IBAT | TAN | |
|---|---|---|
| Last price | $37.48 | $41.01 |
| 1D performance | +1.51% | +0.06% |
| AuM | $58.68 M | $886.96 M |
| E/R | 0.47% | 0.7% |
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Exposure
Countries
IBAT
Japan
27.64%
USA
19.74%
Republic of Korea
14.24%
France
10.47%
China
8.58%
Germany
7.09%
Other
12.23%
TAN
USA
44.16%
Israel
20.64%
China
8.02%
Other
27.18%
Sectors
IBAT
Industrials
43.94%
Non-Energy Materi.
37.27%
Technology
12.83%
Other
5.96%
TAN
Industrials
45.18%
Utilities
33.33%
Technology
10.23%
Other
11.25%
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Diversification
IBAT
Total weight of top 15 holdings out of 15
71.81%
TAN
Total weight of top 15 holdings out of 15
71.93%
Top 15 holdings
Data as of August 31, 2026
IBAT
Air Products & Chemicals, Inc.
6.98%
Bloom Energy Corp.
6.93%
BASF SE
6.86%
Air Liquide SA
6.50%
Samsung SDI Co., Ltd.
6.07%
TDK Corp.
5.45%
Murata Manufacturing Co. Ltd.
5.06%
Resonac Holdings Corp.
3.86%
Schneider Electric SE
3.85%
Furukawa Electric Co., Ltd.
3.75%
Eaton Corp. Plc
3.50%
LG Energy Solution Ltd.
3.40%
Contemporary Amperex Technology Co., Ltd.
3.33%
Linde Plc
3.25%
Contemporary Amperex Technology Co., Ltd.
3.01%
TAN
First Solar, Inc.
9.83%
Nextpower, Inc.
9.19%
Enlight Renewable Energy Ltd.
7.18%
Enphase Energy, Inc.
6.75%
Doral Group Renewable Energy Resources Ltd.
4.53%
HA Sustainable Infrastructure Capital, Inc.
4.50%
GCL Technology Holdings Ltd.
4.13%
Sunrun, Inc.
3.83%
Clearway Energy, Inc.
3.57%
SolarEdge Technologies, Inc.
3.48%
Solaria Energía y Medio Ambiente SA
3.34%
OY Nofar Energy Ltd.
3.20%
Xinyi Solar Holdings Ltd.
2.98%
SMA Solar Technology AG
2.82%
Shoals Technologies Group, Inc.
2.60%
Frequently asked questions about IBAT and TAN
How have the IBAT and TAN ETFs performed in 2026?
As of October 28, 2026, IBAT is up 32.06% year-to-date (YTD), while TAN has lost -16.8%. That puts IBAT better performer ahead so far this year.
Which ETF is attracting more investor money: IBAT or TAN?
Year-to-date, the IBAT ETF saw +$43M in flows, compared to +$139M for TAN.
Which ETF is more volatile: IBAT or TAN?
Over the past year, IBAT had a volatility of 31.57%, while TAN experienced 34.71%.
Which ETF is bigger: IBAT or TAN?
As of October 28, 2026, IBAT holds $58.68 M in assets under management (AUM), while TAN manages $886.96 M.
What sectors do the IBAT and TAN ETFs invest in?
IBAT leans toward sectors like Industrials, Non-Energy Materials and Technology. Meanwhile, TAN focuses on Industrials, Utilities and Technology.
What are the top holdings of the IBAT ETF and TAN ETF?
IBAT top holdings include Air Products & Chemicals, Inc., Bloom Energy Corp. and BASF SE. TAN holds in its top three: First Solar, Inc., Nextpower, Inc. and Enlight Renewable Energy Ltd..
Which ETF is more diversified: IBAT or TAN?
IBAT holds 83 securities with 71.81% of its assets in the top 15. TAN has 35 securities and a top 15 weight of 71.93%.
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