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. 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 12.69% year-to-date (YTD) with +$62M in YTD flows. TAN performs worse with 8.82% YTD performance, and +$370M 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 04/08/2026
| 1M | 3M | YTD | 1Y | 3Y | 5Y | ||
|---|---|---|---|---|---|---|---|
| Perf. | ICLN TAN | +2.96%-1.07% | +7.73%+6.16% | +12.69%+8.82% | +76.63%+91.70% | +0.26%-28.34% | -15.35%-38.11% |
| Flows | ICLN TAN | +$39M-$7M | +$62M+$370M | +$62M+$370M | +$99M+$306M | -$1.74B-$21M | -$1.41B-$431M |
Volatility and drawdown
| 3M | 1Y | 3Y | 5Y | ||
|---|---|---|---|---|---|
| Volatility | ICLN TAN | +28.49%+31.71% | +23.69%+36.23% | +22.58%+34.64% | +25.58%+35.79% |
| Max drawdown | ICLN TAN | -8.79%-11.92% | -10.55%-12.92% | -44.77%-66.38% | -56.66%-73.61% |
| Max drawdown duration | ICLN TAN | 42d48d | 77d72d | 1016d1086d | 1619d1618d |
Trading data
ICLN | TAN | |
Last sale 4/9/2026 at 1:30 PM | $18.64 | $54.72 |
| Previous close 04/08/2026 | $18.52 | $55.48 |
| Consolidated volume 04/08/2026 | ||
| Average volume 30 days | ||
| Average discount or premium 30 days | ||
| Average Bid/Ask spread 30 days |
Replication quality
Data as of March 31, 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 4/9/2026 at 1:30 PM
Live
Closed
ICLN | TAN | |
|---|---|---|
| Last price | $18.64 | $54.72 |
| 1D performance | +0.65% | -1.37% |
| AuM | $2.20 B | $1.45 B |
| E/R | 0.39% | 0.7% |
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Exposure
Countries
ICLN
USA
42.3%
China
17.41%
Brazil
8.54%
Spain
8.04%
Other
23.72%
TAN
USA
50.74%
Israel
16.56%
Cayman Islands
9.17%
Other
23.54%
Sectors
ICLN
Utilities
42.15%
Industrials
27.51%
Information Techn.
14.63%
Other
15.71%
TAN
Information Techn.
39.49%
Utilities
31.63%
Industrials
10.35%
Other
18.53%
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Diversification
ICLN
Total weight of top 15 holdings out of 15
59.91%
TAN
Total weight of top 15 holdings out of 15
75.72%
Top 15 holdings
Data as of February 28, 2026
ICLN
BLOOM ENERGY CORP
11.29%
US65290E1010
8.70%
FIRST SOLAR
6.00%
IBERDROLA SA
5.78%
YANGTZE POWER
4.41%
ENPHASE ENERGY
3.55%
EQUATORIAL ENERGIA
3.00%
ORMAT TECHNOLOGIES
2.93%
VESTAS WIND SYSTEMS
2.23%
ENERGIAS DE PORTUGAL
2.15%
SUNRUN
2.11%
CHUBU ELECTRIC POWER
2.09%
ORSTED
2.03%
CLEARWAY ENERGY INC
1.92%
SUZLON ENERGY
1.72%
TAN
US65290E1010
10.22%
ENLIGHT RENEWABLE ENERGY
7.35%
ENPHASE ENERGY
7.33%
FIRST SOLAR
6.52%
SUNRUN
6.40%
GCL TECHNOLOGY
5.42%
SOLAREDGE TECH/D
4.67%
DORAL GROUP RENEWABLE ENERGY RESOURCES
4.23%
HNN ARMSTRNG S/D
4.02%
XINYI SOLAR HOLDINGS
3.74%
SOLARIA ENERGIA Y MEDIO AMBIENTE
3.69%
CLEARWAY ENERGY INC
3.34%
UNITED RENEWABLE ENERGY CO
3.07%
OY NOFAR ENERGY LTD
2.92%
GRENERGY RENOVABLES
2.79%
Frequently asked questions about ICLN and TAN
How have the ICLN and TAN ETFs performed in 2026?
As of April 8, 2026, ICLN is up 12.69% year-to-date (YTD), while TAN has returned 8.82%. 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 +$62M in flows, compared to +$370M for TAN.
Which ETF is more volatile: ICLN or TAN?
Over the past year, ICLN had a volatility of 23.69%, while TAN experienced 36.23%.
Which ETF is bigger: ICLN or TAN?
As of April 8, 2026, ICLN holds $2.20 B in assets under management (AUM), while TAN manages $1.45 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 BLOOM ENERGY CORP, US65290E1010 and FIRST SOLAR. TAN holds in its top three: US65290E1010, ENLIGHT RENEWABLE ENERGY and ENPHASE ENERGY.
Which ETF is more diversified: ICLN or TAN?
ICLN holds 100 securities with 59.91% of its assets in the top 15. TAN has 29 securities and a top 15 weight of 75.72%.
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