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 0.38%, versus 0.7% for TAN. ICLN is up 4.77% year-to-date (YTD) with +$325M in YTD flows. TAN performs worse with -11.73% YTD performance, and +$79M 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 10/08/2026
| 1M | 3M | YTD | 1Y | 3Y | 5Y | ||
|---|---|---|---|---|---|---|---|
| Perf. | ICLN TAN | -6.15%-11.61% | -10.30%-20.09% | +4.77%-11.73% | +8.41%-5.88% | +29.53%-7.30% | -14.23%-44.63% |
| Flows | ICLN TAN | +$236M-$47M | -$109M-$441M | +$325M+$79M | +$432M+$149M | -$876M-$117M | -$1.83B-$583M |
Volatility and drawdown
| 3M | 1Y | 3Y | 5Y | ||
|---|---|---|---|---|---|
| Volatility | ICLN TAN | +26.81%+33.01% | +29.41%+35.30% | +24.62%+36.26% | +26.63%+36.27% |
| Max drawdown | ICLN TAN | -13.21%-22.80% | -28.90%-41.71% | -31.13%-51.26% | -56.66%-73.61% |
| Max drawdown duration | ICLN TAN | 91d85d | 128d130d | 631d756d | 1802d1802d |
Trading data
ICLN | TAN | |
Last sale 10/8/2026 at 1:30 PM | $17.12 | $43.32 |
| Previous close 10/08/2026 | $17.31 | $43.53 |
| Consolidated volume 10/08/2026 | ||
| 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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ICLN | TAN | |
|---|---|---|
| Tracking error | ||
| Tracking difference | ||
| 1 year cumulative return difference | ||
| Best | ||
| Worst | ||
| Daily return difference | ||
| Average | ||
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Main metrics
Last update 10/8/2026 at 1:30 PM
Live
Closed
ICLN | TAN | |
|---|---|---|
| Last price | $17.12 | $43.32 |
| 1D performance | -1.10% | -0.48% |
| AuM | $2.22 B | $878.55 M |
| E/R | 0.38% | 0.7% |
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Exposure
Countries
ICLN
USA
35.79%
China
22.2%
Other
42.01%
TAN
USA
44.16%
Israel
20.64%
China
8.02%
Other
27.18%
Sectors
ICLN
Industrials
49.97%
Utilities
40.84%
Other
9.2%
TAN
Industrials
45.18%
Utilities
33.33%
Technology
10.23%
Other
11.25%
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Diversification
ICLN
Total weight of top 15 holdings out of 15
59.42%
TAN
Total weight of top 15 holdings out of 15
71.93%
Top 15 holdings
Data as of August 31, 2026
ICLN
First Solar, Inc.
7.87%
China Yangtze Power Co., Ltd.
7.75%
Bloom Energy Corp.
7.09%
Nextpower, Inc.
6.53%
Vestas Wind Systems A/S
4.57%
Enphase Energy, Inc.
4.55%
Equatorial SA
3.13%
EDP SA
2.91%
Plug Power, Inc.
2.85%
Chubu Electric Power Co., Inc.
2.67%
Suzlon Energy Ltd.
2.06%
Enlight Renewable Energy Ltd.
2.06%
Clearway Energy, Inc.
1.96%
SolarEdge Technologies, Inc.
1.85%
Ørsted A/S
1.57%
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 ICLN and TAN
How have the ICLN and TAN ETFs performed in 2026?
As of October 8, 2026, ICLN is up 4.77% year-to-date (YTD), while TAN has lost -11.73%. 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 +$325M in flows, compared to +$79M for TAN.
Which ETF is more volatile: ICLN or TAN?
Over the past year, ICLN had a volatility of 29.41%, while TAN experienced 35.3%.
Which ETF is bigger: ICLN or TAN?
As of October 8, 2026, ICLN holds $2.22 B in assets under management (AUM), while TAN manages $878.55 M.
What sectors do the ICLN and TAN ETFs invest in?
ICLN leans toward sectors like Industrials and Utilities. Meanwhile, TAN focuses on Industrials, Utilities and Technology.
What are the top holdings of the ICLN ETF and TAN ETF?
ICLN top holdings include First Solar, Inc., China Yangtze Power Co., Ltd. and Bloom Energy Corp.. TAN holds in its top three: First Solar, Inc., Nextpower, Inc. and Enlight Renewable Energy Ltd..
Which ETF is more diversified: ICLN or TAN?
ICLN holds 103 securities with 59.42% of its assets in the top 15. TAN has 35 securities and a top 15 weight of 71.93%.
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