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TANvsICLNETF Comparison

ETF 1
TAN

Invesco Solar ETF

This fund is part of
Alternative Energy
-0.09%
Full TAN fund page
VS
ETF 2
ICLN

iShares Global Clean Energy ETF

This fund is part of
Alternative Energy
-0.09%
Full ICLN fund page

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 13.06% year-to-date (YTD) with +$321M in YTD flows. ICLN performs worse with 12.83% YTD performance, and +$22M 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

-8.0-6.0-4.0-2.00.02.04.0%Feb 11Feb 19Feb 26Mar 5

Cumulative Flows

-100 M-50 M0 M50 MFeb 11Feb 19Feb 26Mar 5

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Daily, global ETF data for advanced analysis or integration into apps (API), from our partner Trackinsight.

Historic performance and flows
Data as of 03/11/2026
1M3MYTD1Y3Y5Y
Perf.
TAN
ICLN
-4.73%-2.54%
+12.66%+9.76%
+13.06%+12.83%
+70.41%+63.16%
-25.72%+0.84%
-42.56%-22.05%
Flows
TAN
ICLN
-$65M+$47M
+$338M+$35M
+$321M+$22M
+$250M+$75M
-$87M-$1.82B
-$432M-$1.08B
Volatility and drawdown
3M1Y3Y5Y
Volatility
TAN
ICLN
+31.54%+25.38%
+36.36%+23.12%
+34.69%+22.29%
+36.06%+25.68%
Max drawdown
TAN
ICLN
-11.10%-8.79%
-21.51%-10.55%
-66.38%-44.77%
-73.61%-56.66%
Max drawdown duration
TAN
ICLN
21d14d
56d77d
1059d1016d
1591d1591d
Trading data

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TAN
ICLN
Last sale
3/12/2026 at 1:30 PM
$54.73
$18.40
Previous close
03/11/2026
$55.73
$18.51
Consolidated volume
03/11/2026
Average volume
30 days
Average discount or premium
30 days
Average Bid/Ask spread
30 days
Replication quality
Data as of February 27, 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 3/12/2026 at 1:30 PM
Live
Closed
TAN
ICLN
Last price
$54.73
$18.40
1D performance
-1.79%
-0.59%
AuM$1.45 B$2.16 B
E/R0.7%0.39%
Characteristics
TAN
ICLN
Management strategyPassivePassive
ProviderInvescoiShares
BenchmarkMAC Global Solar Energy Stock IndexS&P Global Clean Energy Transition Index
N° of holdings2790
Asset classEquitiesEquities
Trailing 12m distribution yield
Join
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Inception dateApril 15, 2008June 24, 2008
ESGYesYes
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Exposure

Countries

TAN
USA
54.45%
Israel
14.43%
Cayman Islands
9.21%
Other
21.9%
ICLN
USA
44.58%
China
17.32%
Brazil
7.97%
Spain
7.67%
Other
22.46%

Sectors

TAN
Information Techn.
38.87%
Utilities
28.95%
Industrials
12.7%
Other
19.48%
ICLN
Utilities
40.87%
Industrials
28.2%
Information Techn.
14.65%
Other
16.28%
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Diversification

TAN

Total weight of top 15 holdings out of 15

74.41%
ICLN

Total weight of top 15 holdings out of 15

60.94%

Top 15 holdings

Data as of January 31, 2026
TAN
US65290E1010
10.70%
FIRST SOLAR
8.25%
ENPHASE ENERGY
6.58%
SUNRUN
6.54%
ENLIGHT RENEWABLE ENERGY
6.21%
GCL TECHNOLOGY
5.33%
SOLAREDGE TECH/D
4.15%
XINYI SOLAR HOLDINGS
3.88%
HNN ARMSTRNG S/D
3.87%
CLEARWAY ENERGY INC
3.30%
SOLARIA ENERGIA Y MEDIO AMBIENTE
3.29%
ARRAY TECHNOLOGIES
3.29%
DORAL GROUP RENEWABLE ENERGY RESOURCES
3.26%
OY NOFAR ENERGY LTD
2.89%
SHOALS TECHNOLOGIES GROUP
2.88%
ICLN
BLOOM ENERGY CORP
10.56%
US65290E1010
9.94%
FIRST SOLAR
6.77%
IBERDROLA SA
5.47%
YANGTZE POWER
4.38%
ORMAT TECHNOLOGIES
3.56%
ENPHASE ENERGY
2.99%
EQUATORIAL ENERGIA
2.83%
VESTAS WIND SYSTEMS
2.68%
ENERGIAS DE PORTUGAL
2.15%
SUNRUN
2.05%
PLUG POWER
1.94%
ORSTED
1.91%
SUZLON ENERGY
1.88%
CLEARWAY ENERGY INC
1.84%
Frequently asked questions about TAN and ICLN

How have the TAN and ICLN ETFs performed in 2026?

As of March 11, 2026, TAN is up 13.06% year-to-date (YTD), while ICLN has returned 12.83%. That puts TAN better performer ahead so far this year.

Which ETF is attracting more investor money: TAN or ICLN?

Year-to-date, the TAN ETF saw +$321M in flows, compared to +$22M for ICLN.

Which ETF is more volatile: TAN or ICLN?

Over the past year, TAN had a volatility of 36.36%, while ICLN experienced 23.12%.

Which ETF is bigger: TAN or ICLN?

As of March 11, 2026, TAN holds $1.45 B in assets under management (AUM), while ICLN manages $2.16 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: BLOOM ENERGY CORP, US65290E1010 and FIRST SOLAR.

Which ETF is more diversified: TAN or ICLN?

TAN holds 29 securities with 74.41% of its assets in the top 15. ICLN has 101 securities and a top 15 weight of 60.94%.

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