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 Information Technology, Utilities and Industrials. In contrast, PBW's top sector exposures are Industrials, Information Technology and Materials. TAN is more expensive with a Total Expense Ratio (TER) of 0.7%, versus 0.64% for PBW. TAN is up 20.19% year-to-date (YTD) with +$426M in YTD flows. PBW performs better with 26.85% YTD performance, and -$330M 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 05/01/2026
| 1M | 3M | YTD | 1Y | 3Y | 5Y | ||
|---|---|---|---|---|---|---|---|
| Perf. | TAN PBW | +5.37%+22.94% | +9.85%+15.14% | +20.19%+26.85% | +104.73%+146.78% | -16.53%+18.34% | -27.87%-49.35% |
| Flows | TAN PBW | +$73M-$76M | +$149M-$302M | +$426M-$330M | +$390M-$105M | +$100M-$220M | -$268M-$591M |
Volatility and drawdown
| 3M | 1Y | 3Y | 5Y | ||
|---|---|---|---|---|---|
| Volatility | TAN PBW | +32.11%+39.72% | +34.27%+38.89% | +34.57%+39.72% | +35.76%+42.66% |
| Max drawdown | TAN PBW | -11.92%-13.34% | -12.92%-21.15% | -64.11%-68.02% | -73.61%-84.50% |
| Max drawdown duration | TAN PBW | 72d64d | 72d98d | 1019d1018d | 1642d1635d |
Trading data
TAN | PBW | |
Last sale 5/1/2026 at 1:30 PM | $59.27 | $38.70 |
| Previous close 04/29/2026 | $58.41 | $38.23 |
| 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 | PBW | |
|---|---|---|
| Tracking error | ||
| Tracking difference | ||
| 1 year cumulative return difference | ||
| Best | ||
| Worst | ||
| Daily return difference | ||
| Average | ||
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Main metrics
Last update 5/1/2026 at 1:30 PM
Live
Closed
TAN | PBW | |
|---|---|---|
| Last price | $59.27 | $38.70 |
| 1D performance | +1.47% | +1.23% |
| AuM | $1.65 B | $457.25 M |
| E/R | 0.7% | 0.64% |
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Exposure
Countries
TAN
USA
54.07%
Israel
14.77%
Cayman Islands
7.6%
Other
23.55%
PBW
USA
88.01%
Canada
7.85%
Other
4.14%
Sectors
TAN
Information Techn.
42.06%
Utilities
29.3%
Industrials
10%
Other
18.64%
PBW
Industrials
32.3%
Information Techn.
17.6%
Materials
7.99%
Consumer Discreti.
7.93%
Other
34.18%
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Diversification
TAN
Total weight of top 15 holdings out of 15
74.12%
PBW
Total weight of top 15 holdings out of 15
35.69%
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%
PBW
DARLING INGREDIENTS INC
2.95%
US03214Q1085
2.94%
SOLAREDGE TECH/D
2.80%
POWELL INDUSTRIES
2.69%
BLOOM ENERGY CORP
2.42%
REX STORES
2.40%
ADVANCED ENERGY INDUSTRIES
2.39%
ESCO TECHNOLOGIES
2.33%
US65290E1010
2.31%
QUANTA SERVICES
2.14%
PREFORMED LINE PRODUCTS
2.14%
US12738K1097
2.12%
ALBEMARLE
2.04%
MYR GROUP
2.04%
GEVO
2.00%
Frequently asked questions about TAN and PBW
How have the TAN and PBW ETFs performed in 2026?
As of May 1, 2026, TAN is up 20.19% year-to-date (YTD), while PBW has returned 26.85%. That puts PBW better performer ahead so far this year.
Which ETF is attracting more investor money: TAN or PBW?
Year-to-date, the TAN ETF saw +$426M in flows, compared to -$330M for PBW.
Which ETF is more volatile: TAN or PBW?
Over the past year, TAN had a volatility of 34.27%, while PBW experienced 38.89%.
Which ETF is bigger: TAN or PBW?
As of May 1, 2026, TAN holds $1.65 B in assets under management (AUM), while PBW manages $457.25 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 Materials.
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: DARLING INGREDIENTS INC, US03214Q1085 and SOLAREDGE TECH/D.
Which ETF is more diversified: TAN or PBW?
TAN holds 31 securities with 74.12% of its assets in the top 15. PBW has 62 securities and a top 15 weight of 35.69%.
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