TANvsICLNETF Comparison
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Invesco Solar ETF (TAN) and iShares Global Clean Energy ETF (ICLN) belong to the same industry segment: Alternative Energy. Both ETFs have the same top 3 sector exposures: Industrials, Utilities and Technology. TAN is more expensive with a Total Expense Ratio (TER) of 0.7%, versus 0.39% for ICLN. TAN is up 4.27% year-to-date (YTD) with +$375M in YTD flows. ICLN performs better with 10.38% YTD performance, and +$280M in YTD flows. Run a side-by-side ETF comparison of TAN and ICLN 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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TAN vs ICLN performance and flow charts
Performance
Cumulative Flows
Historic performance and flows
Data as of 08/03/2026
| 1M | 3M | YTD | 1Y | 3Y | 5Y | ||
|---|---|---|---|---|---|---|---|
| Perf. | TAN ICLN | -11.07%-10.35% | -12.49%-12.61% | +4.27%+10.38% | +39.90%+34.66% | -18.94%+9.58% | -41.71%-16.64% |
| Flows | TAN ICLN | -$149M-$229M | -$51M+$165M | +$375M+$280M | +$510M+$418M | +$127M-$1.11B | -$483M-$1.86B |
Volatility and drawdown
| 3M | 1Y | 3Y | 5Y | ||
|---|---|---|---|---|---|
| Volatility | TAN ICLN | +44.03%+38.72% | +35.92%+29.06% | +36.11%+24.55% | +36.25%+26.50% |
| Max drawdown | TAN ICLN | -35.42%-28.47% | -35.42%-28.47% | -58.44%-36.66% | -73.61%-56.66% |
| Max drawdown duration | TAN ICLN | 64d62d | 64d62d | 1013d803d | 1736d1736d |
Trading data
TAN | ICLN | |
Last sale 8/4/2026 at 6:51 PM | $53.24 | $18.45 |
| Previous close 08/03/2026 | $51.24 | $17.99 |
| Consolidated volume 08/03/2026 | ||
| 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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TAN | ICLN | |
|---|---|---|
| Tracking error | ||
| Tracking difference | ||
| 1 year cumulative return difference | ||
| Best | ||
| Worst | ||
| Daily return difference | ||
| Average | ||
| Worst | ||
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Main metrics
Last update 8/4/2026 at 6:51 PM
Live
Closed
TAN | ICLN | |
|---|---|---|
| Last price | $53.24 | $18.45 |
| 1D performance | +3.90% | +2.56% |
| AuM | $1.35 B | $2.28 B |
| E/R | 0.7% | 0.39% |
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Exposure
Countries
TAN
USA
47.18%
Israel
21.86%
Other
30.96%
ICLN
USA
45.59%
China
18.15%
Other
36.26%
Sectors
TAN
Industrials
44.59%
Utilities
34.02%
Technology
11.87%
Other
9.53%
ICLN
Industrials
56.7%
Utilities
33.46%
Technology
7.95%
Other
1.88%
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Diversification
TAN
Total weight of top 15 holdings out of 15
73.59%
ICLN
Total weight of top 15 holdings out of 15
63.9%
Top 15 holdings
Data as of June 30, 2026
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%
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%
Frequently asked questions about TAN and ICLN
How have the TAN and ICLN ETFs performed in 2026?
As of August 3, 2026, TAN is up 4.27% year-to-date (YTD), while ICLN has returned 10.38%. That puts ICLN better performer ahead so far this year.
Which ETF is attracting more investor money: TAN or ICLN?
Year-to-date, the TAN ETF saw +$375M in flows, compared to +$280M for ICLN.
Which ETF is more volatile: TAN or ICLN?
Over the past year, TAN had a volatility of 35.92%, while ICLN experienced 29.06%.
Which ETF is bigger: TAN or ICLN?
As of August 3, 2026, TAN holds $1.35 B in assets under management (AUM), while ICLN manages $2.28 B.
What sectors do the TAN and ICLN ETFs invest in?
TAN leans toward sectors like Industrials, Utilities and Technology. Meanwhile, ICLN focuses on Industrials, Utilities and Technology.
What are the top holdings of the TAN ETF and ICLN ETF?
TAN top holdings include First Solar, Inc., Nextpower, Inc. and Enphase Energy, Inc.. ICLN holds in its top three: Bloom Energy Corp., First Solar, Inc. and Nextpower, Inc..
Which ETF is more diversified: TAN or ICLN?
TAN holds 35 securities with 73.59% of its assets in the top 15. ICLN has 104 securities and a top 15 weight of 63.9%.
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