TANvsNLRETF Comparison
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Invesco Solar ETF (TAN) and VanEck Uranium+Nuclear Energy ETF (NLR) belong to the same industry segment: Alternative Energy. TAN's top 3 sector exposures are Industrials, Utilities and Technology. In contrast, NLR's top sector exposures are Energy, Utilities and Industrials. TAN is more expensive with a Total Expense Ratio (TER) of 0.7%, versus 0.52% for NLR. TAN is down -12.1% year-to-date (YTD) with +$149M in YTD flows. NLR performs worse with -27.11% YTD performance, and +$741M in YTD flows. Run a side-by-side ETF comparison of TAN and NLR 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 NLR performance and flow charts
Performance
Cumulative Flows
Historic performance and flows
Data as of 11/03/2026
| 1M | 3M | YTD | 1Y | 3Y | 5Y | ||
|---|---|---|---|---|---|---|---|
| Perf. | TAN NLR | -1.22%-13.28% | -15.69%-18.86% | -12.10%-27.11% | -12.07%-38.44% | -2.45%+36.11% | -55.21%+79.99% |
| Flows | TAN NLR | +$60M-$75M | -$247M-$222M | +$149M+$741M | +$204M+$1.10B | -$58M+$3.82B | -$997M+$3.89B |
Volatility and drawdown
| 3M | 1Y | 3Y | 5Y | ||
|---|---|---|---|---|---|
| Volatility | TAN NLR | +30.85%+35.45% | +35.01%+38.59% | +35.97%+33.21% | +36.19%+28.21% |
| Max drawdown | TAN NLR | -24.77%-28.07% | -45.54%-44.43% | -51.26%-44.43% | -73.33%-44.43% |
| Max drawdown duration | TAN NLR | 91d68d | 156d279d | 756d279d | 1815d279d |
Trading data
TAN | NLR | |
Last sale 11/3/2026 at 2:30 PM | $43.34 | $90.04 |
| Previous close 11/02/2026 | $42.07 | $89.65 |
| Consolidated volume 11/02/2026 | ||
| 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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TAN | NLR | |
|---|---|---|
| Tracking error | ||
| Tracking difference | ||
| 1 year cumulative return difference | ||
| Best | ||
| Worst | ||
| Daily return difference | ||
| Average | ||
| Worst | ||
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Main metrics
Last update 11/3/2026 at 2:30 PM
Live
Closed
TAN | NLR | |
|---|---|---|
| Last price | $43.34 | $90.04 |
| 1D performance | +3.02% | +0.44% |
| AuM | $947.50 M | $3.01 B |
| E/R | 0.7% | 0.52% |
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Exposure
Countries
TAN
USA
44.84%
Israel
21.81%
China
7.06%
Other
26.29%
NLR
USA
49.61%
Canada
18.52%
Australia
7.34%
Finland
7.06%
Other
17.48%
Sectors
TAN
Industrials
43.37%
Utilities
33.64%
Technology
10.65%
Non-Energy Materi.
7.41%
Other
4.94%
NLR
Energy
38.18%
Utilities
33.45%
Industrials
24.61%
Other
3.76%
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Diversification
TAN
Total weight of top 15 holdings out of 15
74.23%
NLR
Total weight of top 15 holdings out of 15
82.59%
Top 15 holdings
Data as of September 30, 2026
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%
NLR
Constellation Energy Corp.
8.45%
Cameco Corp.
8.13%
Public Service Enterprise Group, Inc.
7.66%
Fortum Oyj
7.06%
BWX Technologies, Inc.
6.20%
NexGen Energy Ltd.
5.48%
CGN Power Co., Ltd.
5.16%
Oklo, Inc.
5.12%
National Atomic Company Kazatomprom JSC
4.76%
X-Energy, Inc.
4.38%
Uranium Energy Corp.
4.23%
Paladin Energy Ltd.
4.09%
Denison Mines Corp.
4.08%
Energy Fuels, Inc.
3.99%
NuScale Power Corp.
3.79%
Frequently asked questions about TAN and NLR
How have the TAN and NLR ETFs performed in 2026?
As of November 3, 2026, TAN is down -12.1% year-to-date (YTD), while NLR has lost -27.11%. That puts TAN better performer ahead so far this year.
Which ETF is attracting more investor money: TAN or NLR?
Year-to-date, the TAN ETF saw +$149M in flows, compared to +$741M for NLR.
Which ETF is more volatile: TAN or NLR?
Over the past year, TAN had a volatility of 35.01%, while NLR experienced 38.59%.
Which ETF is bigger: TAN or NLR?
As of November 3, 2026, TAN holds $947.50 M in assets under management (AUM), while NLR manages $3.01 B.
What sectors do the TAN and NLR ETFs invest in?
TAN leans toward sectors like Industrials, Utilities and Technology. Meanwhile, NLR focuses on Energy, Utilities and Industrials.
What are the top holdings of the TAN ETF and NLR ETF?
TAN top holdings include Nextpower, Inc., First Solar, Inc. and Enlight Renewable Energy Ltd.. NLR holds in its top three: Constellation Energy Corp., Cameco Corp. and Public Service Enterprise Group, Inc..
Which ETF is more diversified: TAN or NLR?
TAN holds 35 securities with 74.23% of its assets in the top 15. NLR has 25 securities and a top 15 weight of 82.59%.
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