PBWvsTANETF Comparison
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Invesco WilderHill Clean Energy ETF (PBW) and Invesco Solar ETF (TAN) belong to the same industry segment: Alternative Energy. PBW's top 3 sector exposures are Industrials, Non-Energy Materials and Consumer Cyclicals. In contrast, TAN's top sector exposures are Industrials, Utilities and Technology. PBW is less expensive with a Total Expense Ratio (TER) of 0.63%, versus 0.7% for TAN. PBW is up 4.62% year-to-date (YTD) with -$299M in YTD flows. TAN performs worse with -2.23% YTD performance, and +$125M in YTD flows. Run a side-by-side ETF comparison of PBW 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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PBW vs TAN performance and flow charts
Performance
Cumulative Flows
Historic performance and flows
Data as of 09/04/2026
| 1M | 3M | YTD | 1Y | 3Y | 5Y | ||
|---|---|---|---|---|---|---|---|
| Perf. | PBW TAN | -8.06%-10.08% | -30.06%-31.65% | +4.62%-2.23% | +29.68%+14.32% | -8.75%-16.98% | -56.70%-43.37% |
| Flows | PBW TAN | -$37M-$250M | -$75M-$518M | -$299M+$125M | -$83M+$263M | -$113M-$73M | -$352M-$568M |
Volatility and drawdown
| 3M | 1Y | 3Y | 5Y | ||
|---|---|---|---|---|---|
| Volatility | PBW TAN | +47.88%+39.74% | +43.71%+35.01% | +41.45%+36.21% | +43.41%+36.25% |
| Max drawdown | PBW TAN | -34.31%-33.22% | -36.09%-36.40% | -62.05%-54.61% | -84.50%-73.61% |
| Max drawdown duration | PBW TAN | 92d92d | 94d96d | 771d886d | 1761d1768d |
Trading data
PBW | TAN | |
Last sale 9/8/2026 at 1:30 PM | $32.38 | $49.13 |
| Previous close 09/04/2026 | $31.79 | $48.04 |
| Consolidated volume 09/04/2026 | ||
| Average volume 30 days | ||
| Average discount or premium 30 days | ||
| Average Bid/Ask spread 30 days |
Replication quality
Data as of August 31, 2026
1-year trailing difference
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PBW | 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 9/8/2026 at 1:30 PM
Live
Closed
PBW | TAN | |
|---|---|---|
| Last price | $32.38 | $49.13 |
| 1D performance | +1.86% | +2.27% |
| AuM | $392.44 M | $1.02 B |
| E/R | 0.63% | 0.7% |
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Exposure
Countries
PBW
USA
74.67%
Other
25.33%
TAN
USA
44.51%
Israel
22.15%
China
8.15%
Other
25.19%
Sectors
PBW
Industrials
41.3%
Non-Energy Materi.
22.94%
Consumer Cyclical.
11.97%
Technology
11.23%
Utilities
7.2%
Other
5.36%
TAN
Industrials
44.91%
Utilities
34.17%
Technology
10.53%
Other
10.38%
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Diversification
PBW
Total weight of top 15 holdings out of 15
30.06%
TAN
Total weight of top 15 holdings out of 15
73.02%
Top 15 holdings
Data as of July 31, 2026
PBW
Itron, Inc.
2.40%
Gentherm, Inc.
2.39%
OPAL Fuels, Inc.
2.27%
Darling Ingredients, Inc.
2.17%
BETA Technologies, Inc.
2.12%
Rivian Automotive, Inc.
2.07%
AXIA Energia SA
2.01%
Gevo, Inc.
2.01%
Cadeler A/S
1.92%
REX American Resources Corp.
1.89%
XPeng, Inc.
1.88%
NIO, Inc.
1.81%
Canadian Solar, Inc.
1.77%
Universal Display Corp.
1.68%
Sociedad Quimica y Minera de Chile SA
1.68%
TAN
Nextpower, Inc.
9.93%
First Solar, Inc.
9.73%
Enlight Renewable Energy Ltd.
7.54%
Enphase Energy, Inc.
6.29%
Doral Group Renewable Energy Resources Ltd.
4.59%
HA Sustainable Infrastructure Capital, Inc.
4.39%
SolarEdge Technologies, Inc.
4.24%
Sunrun, Inc.
4.18%
Clearway Energy, Inc.
3.54%
GCL Technology Holdings Ltd.
3.50%
OY Nofar Energy Ltd.
3.37%
Solaria Energía y Medio Ambiente SA
3.16%
Xinyi Solar Holdings Ltd.
2.95%
Shoals Technologies Group, Inc.
2.90%
SMA Solar Technology AG
2.69%
Frequently asked questions about PBW and TAN
How have the PBW and TAN ETFs performed in 2026?
As of September 4, 2026, PBW is up 4.62% year-to-date (YTD), while TAN has lost -2.23%. That puts PBW better performer ahead so far this year.
Which ETF is attracting more investor money: PBW or TAN?
Year-to-date, the PBW ETF saw -$299M in flows, compared to +$125M for TAN.
Which ETF is more volatile: PBW or TAN?
Over the past year, PBW had a volatility of 43.71%, while TAN experienced 35.01%.
Which ETF is bigger: PBW or TAN?
As of September 4, 2026, PBW holds $392.44 M in assets under management (AUM), while TAN manages $1.02 B.
What sectors do the PBW and TAN ETFs invest in?
PBW leans toward sectors like Industrials, Non-Energy Materials and Consumer Cyclicals. Meanwhile, TAN focuses on Industrials, Utilities and Technology.
What are the top holdings of the PBW ETF and TAN ETF?
PBW top holdings include Itron, Inc., Gentherm, Inc. and OPAL Fuels, Inc.. TAN holds in its top three: Nextpower, Inc., First Solar, Inc. and Enlight Renewable Energy Ltd..
Which ETF is more diversified: PBW or TAN?
PBW holds 72 securities with 30.06% of its assets in the top 15. TAN has 35 securities and a top 15 weight of 73.02%.
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