SMOGvsTANETF Comparison
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VanEck Low Carbon Energy ETF (SMOG) and Invesco Solar ETF (TAN) belong to the same industry segment: Alternative Energy. SMOG's top 3 sector exposures are Utilities, Industrials and Consumer Cyclicals. In contrast, TAN's top sector exposures are Industrials, Utilities and Technology. SMOG is less expensive with a Total Expense Ratio (TER) of 0.64%, versus 0.7% for TAN. SMOG is up 1.31% year-to-date (YTD) with -$3M in YTD flows. TAN performs worse with -12.1% YTD performance, and +$149M in YTD flows. Run a side-by-side ETF comparison of SMOG 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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SMOG vs TAN performance and flow charts
Performance
Cumulative Flows
Historic performance and flows
Data as of 11/03/2026
| 1M | 3M | YTD | 1Y | 3Y | 5Y | ||
|---|---|---|---|---|---|---|---|
| Perf. | SMOG TAN | -3.31%-1.22% | -4.19%-15.69% | +1.31%-12.10% | -2.25%-12.07% | +36.86%-2.45% | -20.09%-55.21% |
| Flows | SMOG TAN | -+$60M | --$247M | -$3M+$149M | -$7M+$204M | -$56M-$58M | -$103M-$997M |
Volatility and drawdown
| 3M | 1Y | 3Y | 5Y | ||
|---|---|---|---|---|---|
| Volatility | SMOG TAN | +17.68%+30.85% | +21.70%+35.01% | +21.30%+35.97% | +24.47%+36.19% |
| Max drawdown | SMOG TAN | -9.39%-24.77% | -17.86%-45.54% | -19.34%-51.26% | -46.61%-73.33% |
| Max drawdown duration | SMOG TAN | 83d91d | 176d156d | 226d756d | 1821d1815d |
Trading data
SMOG | TAN | |
Last sale 11/4/2026 at 2:30 PM | $134.70 | $45.79 |
| Previous close 11/03/2026 | $130.87 | $43.34 |
| Consolidated volume 11/03/2026 | ||
| Average volume 30 days | ||
| Average discount or premium 30 days | ||
| Average Bid/Ask spread 30 days |
Replication quality
Data as of October 30, 2026
1-year trailing difference
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SMOG | 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 11/4/2026 at 2:30 PM
Live
Closed
SMOG | TAN | |
|---|---|---|
| Last price | $134.70 | $45.79 |
| 1D performance | +2.93% | +5.65% |
| AuM | $125.89 M | $947.50 M |
| E/R | 0.64% | 0.7% |
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Exposure
Countries
SMOG
USA
35.54%
China
12.21%
Spain
10.6%
Republic of Korea
7.69%
Denmark
7.06%
Other
26.9%
TAN
USA
44.84%
Israel
21.81%
China
7.06%
Other
26.29%
Sectors
SMOG
Utilities
38.27%
Industrials
31.21%
Consumer Cyclical.
20.77%
Other
9.75%
TAN
Industrials
43.37%
Utilities
33.64%
Technology
10.65%
Non-Energy Materi.
7.41%
Other
4.94%
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Diversification
SMOG
Total weight of top 15 holdings out of 15
69.22%
TAN
Total weight of top 15 holdings out of 15
74.23%
Top 15 holdings
Data as of September 30, 2026
SMOG
Iberdrola SA
8.47%
Tesla, Inc.
8.09%
Bloom Energy Corp.
6.84%
NextEra Energy, Inc.
6.78%
Enel SpA
6.61%
BYD Co., Ltd.
5.32%
Vestas Wind Systems A/S
4.61%
Samsung SDI Co., Ltd.
4.18%
AXIA Energia SA
3.59%
Kingspan Group Plc
3.17%
Rivian Automotive, Inc.
3.05%
First Solar, Inc.
2.72%
Contemporary Amperex Technology Co., Ltd.
2.02%
Ørsted A/S
1.98%
LG Energy Solution Ltd.
1.77%
TAN
Nextpower, Inc.
10.42%
First Solar, Inc.
9.03%
Enlight Renewable Energy Ltd.
8.00%
Enphase Energy, Inc.
6.83%
HA Sustainable Infrastructure Capital, Inc.
4.94%
Doral Group Renewable Energy Resources Ltd.
4.92%
GCL Technology Holdings Ltd.
4.60%
Clearway Energy, Inc.
3.83%
SolarEdge Technologies, Inc.
3.82%
Sunrun, Inc.
3.79%
Solaria Energía y Medio Ambiente SA
3.35%
OY Nofar Energy Ltd.
2.89%
Shoals Technologies Group, Inc.
2.75%
Xinyi Solar Holdings Ltd.
2.72%
SMA Solar Technology AG
2.34%
Frequently asked questions about SMOG and TAN
How have the SMOG and TAN ETFs performed in 2026?
As of November 3, 2026, SMOG is up 1.31% year-to-date (YTD), while TAN has lost -12.1%. That puts SMOG better performer ahead so far this year.
Which ETF is attracting more investor money: SMOG or TAN?
Year-to-date, the SMOG ETF saw -$3M in flows, compared to +$149M for TAN.
Which ETF is more volatile: SMOG or TAN?
Over the past year, SMOG had a volatility of 21.7%, while TAN experienced 35.01%.
Which ETF is bigger: SMOG or TAN?
As of November 3, 2026, SMOG holds $125.89 M in assets under management (AUM), while TAN manages $947.50 M.
What sectors do the SMOG and TAN ETFs invest in?
SMOG leans toward sectors like Utilities, Industrials and Consumer Cyclicals. Meanwhile, TAN focuses on Industrials, Utilities and Technology.
What are the top holdings of the SMOG ETF and TAN ETF?
SMOG top holdings include Iberdrola SA, Tesla, Inc. and Bloom Energy Corp.. TAN holds in its top three: Nextpower, Inc., First Solar, Inc. and Enlight Renewable Energy Ltd..
Which ETF is more diversified: SMOG or TAN?
SMOG holds 55 securities with 69.22% of its assets in the top 15. TAN has 35 securities and a top 15 weight of 74.23%.
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