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TANvsPBWETF Comparison

ETF 1
TAN

Invesco Solar ETF

This fund is part of
Alternative Energy
-0.97%
Full TAN fund page
VS
ETF 2
PBW

Invesco WilderHill Clean Energy ETF

This fund is part of
Alternative Energy
-0.97%
Full PBW fund page

Invesco Solar ETF (TAN) and Invesco WilderHill Clean Energy ETF (PBW) belong to the same industry segment: Alternative Energy. TAN's top 3 sector exposures are Information Technology, Utilities and Industrials. In contrast, PBW's top sector exposures are Industrials, Information Technology and Consumer Discretionary. TAN is more expensive with a Total Expense Ratio (TER) of 0.7%, versus 0.64% for PBW. TAN is up 12.62% year-to-date (YTD) with +$321M in YTD flows. PBW performs worse with 5.38% YTD performance, and -$173M in YTD flows. Run a side-by-side ETF comparison of TAN and PBW 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 PBW performance and flow charts

Performance

-8.0-6.0-4.0-2.00.02.04.0%Feb 13Feb 23Mar 2Mar 9

Cumulative Flows

-150 M-100 M-50 M0 M50 MFeb 13Feb 23Mar 2Mar 9

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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 03/13/2026
1M3MYTD1Y3Y5Y
Perf.
TAN
PBW
-4.34%-3.67%
+16.27%+4.87%
+12.62%+5.38%
+72.80%+97.90%
-26.01%-11.95%
-42.24%-66.64%
Flows
TAN
PBW
-$69M-$107M
+$338M-$160M
+$321M-$173M
+$250M+$43M
-$87M-$82M
-$424M-$462M
Volatility and drawdown
3M1Y3Y5Y
Volatility
TAN
PBW
+30.96%+39.45%
+36.38%+41.71%
+34.66%+39.73%
+36.07%+43.04%
Max drawdown
TAN
PBW
-11.10%-14.76%
-21.51%-23.20%
-66.38%-68.02%
-73.61%-86.22%
Max drawdown duration
TAN
PBW
23d50d
56d53d
1061d969d
1593d1824d
Trading data

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TAN
PBW
Last sale
3/13/2026 at 1:30 PM
$55.38
$32.21
Previous close
03/12/2026
$54.75
$32.39
Consolidated volume
03/12/2026
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
PBW
Tracking error
Tracking difference
1 year cumulative return difference
Best
Worst
Daily return difference
Average
Worst
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Main metrics
Last update 3/13/2026 at 1:30 PM
Live
Closed
TAN
PBW
Last price
$55.38
$32.21
1D performance
+1.15%
-0.56%
AuM$1.45 B$533.53 M
E/R0.7%0.64%
Characteristics
TAN
PBW
Management strategyPassivePassive
ProviderInvescoInvesco
BenchmarkMAC Global Solar Energy Stock IndexWilderHill Clean Energy Index
N° of holdings2748
Asset classEquitiesEquities
Trailing 12m distribution yield
Join
Join
Inception dateApril 15, 2008March 3, 2005
ESGYesYes
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Exposure

Countries

TAN
USA
54.45%
Israel
14.43%
Cayman Islands
9.21%
Other
21.9%
PBW
USA
85.36%
Canada
9.03%
Other
5.61%

Sectors

TAN
Information Techn.
38.87%
Utilities
28.95%
Industrials
12.7%
Other
19.48%
PBW
Industrials
34.43%
Information Techn.
16.14%
Consumer Discreti.
9.72%
Materials
8.49%
Other
31.22%
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Diversification

TAN

Total weight of top 15 holdings out of 15

74.41%
PBW

Total weight of top 15 holdings out of 15

28.84%

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%
PBW
BLOOM ENERGY CORP
2.26%
CH1403212751
2.14%
IM00BLCY1J27
2.14%
FLUENCE ENERGY
1.99%
ALBEMARLE
1.92%
US12738K1097
1.91%
POWELL INDUSTRIES
1.89%
EOS ENERGY ENTERPRISES INC ORD SHA
1.88%
DARLING INGREDIENTS INC
1.88%
ASPEN AEROGELS
1.85%
US65290E1010
1.84%
CA53681J1030
1.80%
ADVANCED ENERGY INDUSTRIES
1.80%
NAVITAS SEMICONDUCTOR CORP
1.79%
US03214Q1085
1.77%
Frequently asked questions about TAN and PBW

How have the TAN and PBW ETFs performed in 2026?

As of March 13, 2026, TAN is up 12.62% year-to-date (YTD), while PBW has returned 5.38%. That puts TAN better performer ahead so far this year.

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

Year-to-date, the TAN ETF saw +$321M in flows, compared to -$173M for PBW.

Which ETF is more volatile: TAN or PBW?

Over the past year, TAN had a volatility of 36.38%, while PBW experienced 41.71%.

Which ETF is bigger: TAN or PBW?

As of March 13, 2026, TAN holds $1.45 B in assets under management (AUM), while PBW manages $533.53 M.

What sectors do the TAN and PBW ETFs invest in?

TAN leans toward sectors like Information Technology, Utilities and Industrials. Meanwhile, PBW focuses on Industrials, Information Technology and Consumer Discretionary.

What are the top holdings of the TAN ETF and PBW ETF?

TAN top holdings include US65290E1010, FIRST SOLAR and ENPHASE ENERGY. PBW holds in its top three: BLOOM ENERGY CORP, CH1403212751 and IM00BLCY1J27.

Which ETF is more diversified: TAN or PBW?

TAN holds 29 securities with 74.41% of its assets in the top 15. PBW has 62 securities and a top 15 weight of 28.84%.

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