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 7.54% year-to-date (YTD) with +$263M in YTD flows. TAN performs worse with 0.82% YTD performance, and +$351M 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 08/21/2026
| 1M | 3M | YTD | 1Y | 3Y | 5Y | ||
|---|---|---|---|---|---|---|---|
| Perf. | ICLN TAN | -5.20%-7.75% | -20.22%-22.97% | +7.54%+0.82% | +25.66%+24.86% | +15.41%-11.33% | -18.16%-40.19% |
| Flows | ICLN TAN | -$121M-$138M | -$111M-$237M | +$263M+$351M | +$389M+$489M | -$1.05B+$181M | -$1.88B-$356M |
Volatility and drawdown
| 3M | 1Y | 3Y | 5Y | ||
|---|---|---|---|---|---|
| Volatility | ICLN TAN | +36.36%+42.74% | +28.95%+35.21% | +24.57%+36.20% | +26.54%+36.26% |
| Max drawdown | ICLN TAN | -28.47%-35.42% | -28.47%-35.42% | -33.82%-54.74% | -56.66%-73.61% |
| Max drawdown duration | ICLN TAN | 80d82d | 80d82d | 765d892d | 1754d1754d |
Trading data
ICLN | TAN | |
Last sale 8/21/2026 at 1:30 PM | $17.59 | $49.32 |
| Previous close 08/21/2026 | $17.63 | $49.73 |
| Consolidated volume 08/21/2026 | ||
| Average volume 30 days | ||
| Average discount or premium 30 days | ||
| Average Bid/Ask spread 30 days |
Replication quality
Data as of July 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 8/21/2026 at 1:30 PM
Live
Closed
ICLN | TAN | |
|---|---|---|
| Last price | $17.59 | $49.32 |
| 1D performance | -0.23% | -0.82% |
| AuM | $2.21 B | $1.28 B |
| E/R | 0.39% | 0.7% |
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Exposure
Countries
ICLN
USA
45.59%
China
18.15%
Other
36.26%
TAN
USA
47.18%
Israel
21.86%
Other
30.96%
Sectors
ICLN
Industrials
56.7%
Utilities
33.46%
Technology
7.95%
Other
1.88%
TAN
Industrials
44.59%
Utilities
34.02%
Technology
11.87%
Other
9.53%
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Diversification
ICLN
Total weight of top 15 holdings out of 15
63.9%
TAN
Total weight of top 15 holdings out of 15
73.59%
Top 15 holdings
Data as of June 30, 2026
ICLN
Bloom Energy Corp.
14.75%
First Solar, Inc.
8.41%
Nextpower, Inc.
7.32%
China Yangtze Power Co., Ltd.
5.78%
Enphase Energy, Inc.
4.87%
Vestas Wind Systems A/S
3.11%
Plug Power, Inc.
2.85%
SolarEdge Technologies, Inc.
2.65%
Equatorial SA
2.56%
Suzlon Energy Ltd.
2.52%
EDP SA
2.25%
Chubu Electric Power Co., Inc.
2.22%
Clearway Energy, Inc.
1.60%
Ørsted A/S
1.55%
Enlight Renewable Energy Ltd.
1.46%
TAN
First Solar, Inc.
9.79%
Nextpower, Inc.
9.61%
Enphase Energy, Inc.
7.16%
Enlight Renewable Energy Ltd.
6.62%
Sunrun, Inc.
5.00%
SolarEdge Technologies, Inc.
4.71%
Doral Group Renewable Energy Resources Ltd.
4.44%
HA Sustainable Infrastructure Capital, Inc.
3.87%
Clearway Energy, Inc.
3.56%
OY Nofar Energy Ltd.
3.55%
Solaria Energía y Medio Ambiente SA
3.46%
GCL Technology Holdings Ltd.
3.30%
T1 Energy, Inc.
3.23%
Shoals Technologies Group, Inc.
2.76%
Energix-Renewable Energies Ltd.
2.53%
Frequently asked questions about ICLN and TAN
How have the ICLN and TAN ETFs performed in 2026?
As of August 21, 2026, ICLN is up 7.54% year-to-date (YTD), while TAN has returned 0.82%. 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 +$263M in flows, compared to +$351M for TAN.
Which ETF is more volatile: ICLN or TAN?
Over the past year, ICLN had a volatility of 28.95%, while TAN experienced 35.21%.
Which ETF is bigger: ICLN or TAN?
As of August 21, 2026, ICLN holds $2.21 B in assets under management (AUM), while TAN manages $1.28 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., Nextpower, Inc. and Enphase Energy, Inc..
Which ETF is more diversified: ICLN or TAN?
ICLN holds 104 securities with 63.9% of its assets in the top 15. TAN has 35 securities and a top 15 weight of 73.59%.
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