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. TAN's top 3 sector exposures are Information Technology, Utilities and Industrials. In contrast, ICLN's top sector exposures are Utilities, Industrials and Information Technology. TAN is more expensive with a Total Expense Ratio (TER) of 0.7%, versus 0.39% for ICLN. TAN is up 20.19% year-to-date (YTD) with +$426M in YTD flows. ICLN performs better with 27.16% YTD performance, and +$115M 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 05/01/2026
| 1M | 3M | YTD | 1Y | 3Y | 5Y | ||
|---|---|---|---|---|---|---|---|
| Perf. | TAN ICLN | +5.37%+14.51% | +9.85%+14.55% | +20.19%+27.16% | +104.73%+80.49% | -16.53%+18.13% | -27.87%-2.49% |
| Flows | TAN ICLN | +$73M+$63M | +$149M+$138M | +$426M+$115M | +$390M+$202M | +$100M-$1.66B | -$268M-$1.66B |
Volatility and drawdown
| 3M | 1Y | 3Y | 5Y | ||
|---|---|---|---|---|---|
| Volatility | TAN ICLN | +32.11%+29.01% | +34.27%+23.68% | +34.57%+22.59% | +35.76%+25.57% |
| Max drawdown | TAN ICLN | -11.92%-8.79% | -12.92%-10.55% | -64.11%-42.90% | -73.61%-56.66% |
| Max drawdown duration | TAN ICLN | 72d47d | 72d77d | 1019d987d | 1642d1642d |
Trading data
TAN | ICLN | |
Last sale 5/1/2026 at 1:30 PM | $59.27 | $20.95 |
| Previous close 04/29/2026 | $58.41 | $20.77 |
| Consolidated volume 04/29/2026 | ||
| Average volume 30 days | ||
| Average discount or premium 30 days | ||
| Average Bid/Ask spread 30 days |
Replication quality
Data as of April 30, 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 5/1/2026 at 1:30 PM
Live
Closed
TAN | ICLN | |
|---|---|---|
| Last price | $59.27 | $20.95 |
| 1D performance | +1.47% | +0.87% |
| AuM | $1.65 B | $2.54 B |
| E/R | 0.7% | 0.39% |
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Exposure
Countries
TAN
USA
54.07%
Israel
14.77%
Cayman Islands
7.6%
Other
23.55%
ICLN
USA
42.34%
China
17.6%
Brazil
8.48%
Spain
8.19%
Other
23.39%
Sectors
TAN
Information Techn.
42.06%
Utilities
29.3%
Industrials
10%
Other
18.64%
ICLN
Utilities
43.42%
Industrials
25.6%
Information Techn.
14.4%
Other
16.58%
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Diversification
TAN
Total weight of top 15 holdings out of 15
74.12%
ICLN
Total weight of top 15 holdings out of 15
60.24%
Top 15 holdings
Data as of March 31, 2026
TAN
US65290E1010
10.18%
FIRST SOLAR
9.85%
ENPHASE ENERGY
6.55%
ENLIGHT RENEWABLE ENERGY
6.33%
SOLAREDGE TECH/D
5.79%
SUNRUN
4.92%
GCL TECHNOLOGY
4.31%
HNN ARMSTRNG S/D
4.15%
SOLARIA ENERGIA Y MEDIO AMBIENTE
3.96%
DORAL GROUP RENEWABLE ENERGY RESOURCES
3.48%
XINYI SOLAR HOLDINGS
3.30%
CLEARWAY ENERGY INC
3.23%
OY NOFAR ENERGY LTD
2.84%
ARRAY TECHNOLOGIES
2.64%
GRENERGY RENOVABLES
2.59%
ICLN
US65290E1010
10.17%
BLOOM ENERGY CORP
9.40%
FIRST SOLAR
6.13%
IBERDROLA SA
5.76%
YANGTZE POWER
4.70%
ORMAT TECHNOLOGIES
3.19%
ENPHASE ENERGY
3.04%
EQUATORIAL ENERGIA
2.90%
VESTAS WIND SYSTEMS
2.69%
ENERGIAS DE PORTUGAL
2.24%
CHUBU ELECTRIC POWER
2.11%
ORSTED
2.08%
CLEARWAY ENERGY INC
2.05%
PLUG POWER
1.93%
SOLAREDGE TECH/D
1.87%
Frequently asked questions about TAN and ICLN
How have the TAN and ICLN ETFs performed in 2026?
As of May 1, 2026, TAN is up 20.19% year-to-date (YTD), while ICLN has returned 27.16%. 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 +$426M in flows, compared to +$115M for ICLN.
Which ETF is more volatile: TAN or ICLN?
Over the past year, TAN had a volatility of 34.27%, while ICLN experienced 23.68%.
Which ETF is bigger: TAN or ICLN?
As of May 1, 2026, TAN holds $1.65 B in assets under management (AUM), while ICLN manages $2.54 B.
What sectors do the TAN and ICLN ETFs invest in?
TAN leans toward sectors like Information Technology, Utilities and Industrials. Meanwhile, ICLN focuses on Utilities, Industrials and Information Technology.
What are the top holdings of the TAN ETF and ICLN ETF?
TAN top holdings include US65290E1010, FIRST SOLAR and ENPHASE ENERGY. ICLN holds in its top three: US65290E1010, BLOOM ENERGY CORP and FIRST SOLAR.
Which ETF is more diversified: TAN or ICLN?
TAN holds 31 securities with 74.12% of its assets in the top 15. ICLN has 100 securities and a top 15 weight of 60.24%.
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