TANvsPBWETF Comparison
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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 Industrials, Utilities and Technology. In contrast, PBW's top sector exposures are Industrials, Non-Energy Materials and Technology. TAN is more expensive with a Total Expense Ratio (TER) of 0.7%, versus 0.63% for PBW. TAN is down -6.85% year-to-date (YTD) with +$222M in YTD flows. PBW performs worse with -12.16% YTD performance, and -$323M 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
Cumulative Flows
Historic performance and flows
Data as of 11/04/2026
| 1M | 3M | YTD | 1Y | 3Y | 5Y | ||
|---|---|---|---|---|---|---|---|
| Perf. | TAN PBW | +4.68%-9.65% | -14.33%-22.81% | -6.85%-12.16% | -4.71%-13.58% | +4.27%+6.89% | -52.73%-67.55% |
| Flows | TAN PBW | +$133M-$2M | -$153M-$60M | +$222M-$323M | +$278M-$230M | +$26M-$142M | -$908M-$407M |
Volatility and drawdown
| 3M | 1Y | 3Y | 5Y | ||
|---|---|---|---|---|---|
| Volatility | TAN PBW | +31.98%+32.64% | +35.45%+41.98% | +36.13%+41.21% | +36.29%+43.37% |
| Max drawdown | TAN PBW | -24.77%-29.69% | -45.54%-47.24% | -51.26%-54.99% | -73.33%-84.50% |
| Max drawdown duration | TAN PBW | 92d80d | 157d155d | 756d644d | 1816d1822d |
Trading data
TAN | PBW | |
Last sale 11/5/2026 at 2:30 PM | $44.09 | $24.74 |
| Previous close 11/04/2026 | $45.79 | $26.50 |
| Consolidated volume 11/04/2026 | ||
| 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 | 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 11/5/2026 at 2:30 PM
Live
Closed
TAN | PBW | |
|---|---|---|
| Last price | $44.09 | $24.74 |
| 1D performance | -3.71% | -6.64% |
| AuM | $1.08 B | $306.72 M |
| E/R | 0.7% | 0.63% |
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Exposure
Countries
TAN
USA
44.84%
Israel
21.81%
China
7.06%
Other
26.29%
PBW
USA
78.16%
Other
21.84%
Sectors
TAN
Industrials
43.37%
Utilities
33.64%
Technology
10.65%
Non-Energy Materi.
7.41%
Other
4.94%
PBW
Industrials
43.32%
Non-Energy Materi.
24.19%
Technology
11.61%
Consumer Cyclical.
10.65%
Other
10.22%
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Diversification
TAN
Total weight of top 15 holdings out of 15
74.23%
PBW
Total weight of top 15 holdings out of 15
30.69%
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%
PBW
BETA Technologies, Inc.
2.98%
Darling Ingredients, Inc.
2.33%
Itron, Inc.
2.16%
Cadeler A/S
2.16%
Preformed Line Products Co.
2.07%
OPAL Fuels, Inc.
2.07%
REX American Resources Corp.
1.98%
Archer Aviation, Inc.
1.96%
Rivian Automotive, Inc.
1.95%
Gentherm, Inc.
1.95%
Gevo, Inc.
1.93%
Lifezone Metals Ltd.
1.85%
Tesla, Inc.
1.80%
Energy Vault Holdings, Inc.
1.75%
Monolithic Power Systems, Inc.
1.75%
Frequently asked questions about TAN and PBW
How have the TAN and PBW ETFs performed in 2026?
As of November 4, 2026, TAN is down -6.85% year-to-date (YTD), while PBW has lost -12.16%. 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 +$222M in flows, compared to -$323M for PBW.
Which ETF is more volatile: TAN or PBW?
Over the past year, TAN had a volatility of 35.45%, while PBW experienced 41.98%.
Which ETF is bigger: TAN or PBW?
As of November 4, 2026, TAN holds $1.08 B in assets under management (AUM), while PBW manages $306.72 M.
What sectors do the TAN and PBW ETFs invest in?
TAN leans toward sectors like Industrials, Utilities and Technology. Meanwhile, PBW focuses on Industrials, Non-Energy Materials and Technology.
What are the top holdings of the TAN ETF and PBW ETF?
TAN top holdings include Nextpower, Inc., First Solar, Inc. and Enlight Renewable Energy Ltd.. PBW holds in its top three: BETA Technologies, Inc., Darling Ingredients, Inc. and Itron, Inc..
Which ETF is more diversified: TAN or PBW?
TAN holds 35 securities with 74.23% of its assets in the top 15. PBW has 71 securities and a top 15 weight of 30.69%.
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PBW
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PBW
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TAN
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