ICLNvsTANETF Comparison
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iShares Global Clean Energy ETF (ICLN) and Invesco Solar ETF (TAN) belong to the same industry segment: Alternative Energy. Both ETFs have the same top 3 sector exposures: Industrials, Utilities and Technology. ICLN is less expensive with a Total Expense Ratio (TER) of 0.39%, versus 0.7% for TAN. ICLN is up 16.81% year-to-date (YTD) with +$435M in YTD flows. TAN performs worse with 10.46% YTD performance, and +$520M in YTD flows. Run a side-by-side ETF comparison of ICLN 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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ICLN vs TAN performance and flow charts
Performance
Cumulative Flows
Historic performance and flows
Data as of 07/08/2026
| 1M | 3M | YTD | 1Y | 3Y | 5Y | ||
|---|---|---|---|---|---|---|---|
| Perf. | ICLN TAN | -8.80%-14.69% | +3.65%-2.04% | +16.81%+10.46% | +43.38%+42.38% | +10.18%-21.18% | -11.85%-37.37% |
| Flows | ICLN TAN | -$211M-$124M | +$373M+$150M | +$435M+$520M | +$572M+$642M | -$1.08B+$250M | -$1.67B-$455M |
Volatility and drawdown
| 3M | 1Y | 3Y | 5Y | ||
|---|---|---|---|---|---|
| Volatility | ICLN TAN | +35.80%+40.89% | +27.51%+34.79% | +24.16%+35.89% | +26.28%+36.19% |
| Max drawdown | ICLN TAN | -19.10%-26.46% | -19.10%-26.46% | -42.62%-64.11% | -56.66%-73.61% |
| Max drawdown duration | ICLN TAN | 36d38d | 36d38d | 924d1046d | 1710d1710d |
Trading data
ICLN | TAN | |
Last sale 7/9/2026 at 3:00 PM | $19.43 | $55.06 |
| Previous close 07/08/2026 | $19.05 | $54.14 |
| Consolidated volume 07/08/2026 | ||
| Average volume 30 days | ||
| Average discount or premium 30 days | ||
| Average Bid/Ask spread 30 days |
Replication quality
Data as of June 30, 2026
1-year trailing difference
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ICLN | 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 7/9/2026 at 3:00 PM
Live
Closed
ICLN | TAN | |
|---|---|---|
| Last price | $19.43 | $55.06 |
| 1D performance | +1.99% | +1.69% |
| AuM | $2.58 B | $1.59 B |
| E/R | 0.39% | 0.7% |
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Exposure
Countries
ICLN
USA
46.82%
China
18.13%
Other
35.05%
TAN
USA
46.6%
Israel
25.2%
Other
28.2%
Sectors
ICLN
Industrials
56.96%
Utilities
32.13%
Technology
9.24%
Other
1.67%
TAN
Industrials
43.18%
Utilities
32.47%
Technology
15.33%
Other
9.02%
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Diversification
ICLN
Total weight of top 15 holdings out of 15
63.77%
TAN
Total weight of top 15 holdings out of 15
78.02%
Top 15 holdings
Data as of May 31, 2026
ICLN
Bloom Energy Corp.
12.14%
First Solar, Inc.
9.55%
Nextpower, Inc.
8.40%
Enphase Energy, Inc.
5.92%
China Yangtze Power Co., Ltd.
5.31%
Plug Power, Inc.
3.64%
SolarEdge Technologies, Inc.
3.02%
Vestas Wind Systems A/S
2.71%
Equatorial SA
2.26%
Suzlon Energy Ltd.
2.13%
EDP SA
1.92%
Chubu Electric Power Co., Inc.
1.89%
Clearway Energy, Inc.
1.69%
Doosan Fuel Cell Co., Ltd.
1.63%
Enlight Renewable Energy Ltd.
1.57%
TAN
First Solar, Inc.
11.90%
Enphase Energy, Inc.
9.12%
Nextpower, Inc.
8.82%
Enlight Renewable Energy Ltd.
7.54%
SolarEdge Technologies, Inc.
6.21%
Doral Group Renewable Energy Resources Ltd.
4.82%
Sunrun, Inc.
4.70%
OY Nofar Energy Ltd.
4.07%
HA Sustainable Infrastructure Capital, Inc.
3.58%
Shoals Technologies Group, Inc.
3.40%
Solaria Energía y Medio Ambiente SA
3.14%
GCL Technology Holdings Ltd.
3.08%
Energix-Renewable Energies Ltd.
2.57%
Clearway Energy, Inc.
2.54%
Array Technologies, Inc.
2.53%
Frequently asked questions about ICLN and TAN
How have the ICLN and TAN ETFs performed in 2026?
As of July 8, 2026, ICLN is up 16.81% year-to-date (YTD), while TAN has returned 10.46%. That puts ICLN better performer ahead so far this year.
Which ETF is attracting more investor money: ICLN or TAN?
Year-to-date, the ICLN ETF saw +$435M in flows, compared to +$520M for TAN.
Which ETF is more volatile: ICLN or TAN?
Over the past year, ICLN had a volatility of 27.51%, while TAN experienced 34.79%.
Which ETF is bigger: ICLN or TAN?
As of July 8, 2026, ICLN holds $2.58 B in assets under management (AUM), while TAN manages $1.59 B.
What sectors do the ICLN and TAN ETFs invest in?
ICLN leans toward sectors like Industrials, Utilities and Technology. Meanwhile, TAN focuses on Industrials, Utilities and Technology.
What are the top holdings of the ICLN ETF and TAN ETF?
ICLN top holdings include Bloom Energy Corp., First Solar, Inc. and Nextpower, Inc.. TAN holds in its top three: First Solar, Inc., Enphase Energy, Inc. and Nextpower, Inc..
Which ETF is more diversified: ICLN or TAN?
ICLN holds 105 securities with 63.77% of its assets in the top 15. TAN has 31 securities and a top 15 weight of 78.02%.
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