ICLNvsTANETF Comparison
VS
iShares Global Clean Energy ETF (ICLN) and Invesco Solar ETF (TAN) belong to the same industry segment: Alternative Energy. ICLN's top 3 sector exposures are Utilities, Industrials and Information Technology. In contrast, TAN's top sector exposures are Information Technology, Utilities and Industrials. ICLN is less expensive with a Total Expense Ratio (TER) of 0.39%, versus 0.7% for TAN. ICLN is up 36.36% year-to-date (YTD) with +$374M in YTD flows. TAN performs worse with 33.77% YTD performance, and +$604M 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.
Find out how industry players manage ETF portfolios. Discover our library of Model portfolios
ICLN vs TAN performance and flow charts
Performance
Cumulative Flows
Historic performance and flows
Data as of 05/22/2026
| 1M | 3M | YTD | 1Y | 3Y | 5Y | ||
|---|---|---|---|---|---|---|---|
| Perf. | ICLN TAN | +12.81%+16.46% | +18.11%+9.83% | +36.36%+33.77% | +82.77%+108.30% | +24.65%-7.36% | +6.22%-15.25% |
| Flows | ICLN TAN | +$273M+$243M | +$361M+$222M | +$374M+$604M | +$470M+$691M | -$1.31B+$340M | -$1.53B-$75M |
Volatility and drawdown
| 3M | 1Y | 3Y | 5Y | ||
|---|---|---|---|---|---|
| Volatility | ICLN TAN | +29.56%+32.13% | +24.14%+33.33% | +22.84%+34.77% | +25.55%+35.62% |
| Max drawdown | ICLN TAN | -8.79%-11.63% | -10.55%-12.92% | -42.62%-64.11% | -56.66%-73.61% |
| Max drawdown duration | ICLN TAN | 47d69d | 77d72d | 924d1040d | 1663d1663d |
Trading data
ICLN | TAN | |
Last sale 5/22/2026 at 1:30 PM | $22.41 | $65.95 |
| Previous close 05/21/2026 | $22.18 | $64.86 |
| Consolidated volume 05/21/2026 | ||
| Average volume 30 days | ||
| Average discount or premium 30 days | ||
| Average Bid/Ask spread 30 days |
Replication quality
Data as of April 30, 2026
1-year trailing difference
Create an account to view replication metrics
Join for free
ICLN | TAN | |
|---|---|---|
| Tracking error | ||
| Tracking difference | ||
| 1 year cumulative return difference | ||
| Best | ||
| Worst | ||
| Daily return difference | ||
| Average | ||
| Worst | ||
Advertisement
Main metrics
Last update 5/22/2026 at 1:30 PM
Live
Closed
ICLN | TAN | |
|---|---|---|
| Last price | $22.41 | $65.95 |
| 1D performance | +1.04% | +1.68% |
| AuM | $2.99 B | $2.03 B |
| E/R | 0.39% | 0.7% |
Advertisement
Exposure
Countries
ICLN
USA
42.34%
China
17.6%
Brazil
8.48%
Spain
8.19%
Other
23.39%
TAN
USA
54.07%
Israel
14.77%
Cayman Islands
7.6%
Other
23.55%
Sectors
ICLN
Utilities
43.42%
Industrials
25.6%
Information Techn.
14.4%
Other
16.58%
TAN
Information Techn.
42.06%
Utilities
29.3%
Industrials
10%
Other
18.64%
Advertisement
Diversification
ICLN
Total weight of top 15 holdings out of 15
60.24%
TAN
Total weight of top 15 holdings out of 15
74.12%
Top 15 holdings
Data as of March 31, 2026
ICLN
US65290E1010
10.17%
BLOOM ENERGY CORP
9.40%
FIRST SOLAR
6.13%
IBERDROLA SA
5.76%
YANGTZE POWER
4.70%
ORMAT TECHNOLOGIES
3.19%
ENPHASE ENERGY
3.04%
EQUATORIAL ENERGIA
2.90%
VESTAS WIND SYSTEMS
2.69%
ENERGIAS DE PORTUGAL
2.24%
CHUBU ELECTRIC POWER
2.11%
ORSTED
2.08%
CLEARWAY ENERGY INC
2.05%
PLUG POWER
1.93%
SOLAREDGE TECH/D
1.87%
TAN
US65290E1010
10.18%
FIRST SOLAR
9.85%
ENPHASE ENERGY
6.55%
ENLIGHT RENEWABLE ENERGY
6.33%
SOLAREDGE TECH/D
5.79%
SUNRUN
4.92%
GCL TECHNOLOGY
4.31%
HNN ARMSTRNG S/D
4.15%
SOLARIA ENERGIA Y MEDIO AMBIENTE
3.96%
DORAL GROUP RENEWABLE ENERGY RESOURCES
3.48%
XINYI SOLAR HOLDINGS
3.30%
CLEARWAY ENERGY INC
3.23%
OY NOFAR ENERGY LTD
2.84%
ARRAY TECHNOLOGIES
2.64%
GRENERGY RENOVABLES
2.59%
Frequently asked questions about ICLN and TAN
How have the ICLN and TAN ETFs performed in 2026?
As of May 22, 2026, ICLN is up 36.36% year-to-date (YTD), while TAN has returned 33.77%. 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 +$374M in flows, compared to +$604M for TAN.
Which ETF is more volatile: ICLN or TAN?
Over the past year, ICLN had a volatility of 24.14%, while TAN experienced 33.33%.
Which ETF is bigger: ICLN or TAN?
As of May 22, 2026, ICLN holds $2.99 B in assets under management (AUM), while TAN manages $2.03 B.
What sectors do the ICLN and TAN ETFs invest in?
ICLN leans toward sectors like Utilities, Industrials and Information Technology. Meanwhile, TAN focuses on Information Technology, Utilities and Industrials.
What are the top holdings of the ICLN ETF and TAN ETF?
ICLN top holdings include US65290E1010, BLOOM ENERGY CORP and FIRST SOLAR. TAN holds in its top three: US65290E1010, FIRST SOLAR and ENPHASE ENERGY.
Which ETF is more diversified: ICLN or TAN?
ICLN holds 100 securities with 60.24% of its assets in the top 15. TAN has 31 securities and a top 15 weight of 74.12%.
Advertisement
Latest news about ICLN & TAN
Donald Trump vs Kamala Harris: ETFs to Watch
November 1, 2024
ICLN
The Trump Trade: Which ETFs Stand to Lose Most from a Second Donald Trump Presidency?
August 14, 2024
ICLN
TAN
Advertisement
Key Takeaways from the 2024 Trackinsight Global ETF Survey: Thematic ETFs
February 22, 2024
ICLN
Key Takeaways from the 2024 Trackinsight Global ETF Survey: Thematic ETFs
February 22, 2024
ICLN
Rising Interest Rates Cast Shadows Over US Alternative Energy ETFs
August 21, 2023
ICLN
ESG ETFs – Investing in sustainability
October 18, 2022
ICLN
Advertisement
