- ISIN
- US46138G7060
- CUSIP
- 46138G706
- Issuer
- Invesco
- Inception Date
- Apr 15, 2008
- Region
- Developed Markets (Broad)
- Category
- Alternative Energy Equities
- Leveraged
- 1x (No leverage)
- Index Tracked
- MAC Global Solar Energy Index
- Distribution Policy
- Accumulating
- Asset Class
- Equity
- Asset Class Size
- Multi-Cap
- Asset Class Style
- Blend
- Assets Under Management
- $2B
Share Price Chart
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Performance
TAN Performance Chart
Invesco Solar ETF (TAN) is up 8.1% since the beginning of the year. TAN is currently trading at $53 per share. Investors who bought $1,000 worth of TAN shares 5 years ago would now be looking at an investment worth $637.
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Returns By Period
Invesco Solar ETF (TAN) has returned 8.14% so far this year and 39.42% over the past 12 months. Over the last ten years, TAN has returned 10.44% per year, falling short of the S&P 500 Index benchmark, which averaged 13.27% annually.
Invesco Solar ETF
- 1D
- -3.35%
- 1M
- -15.72%
- 6M
- 1.88%
- YTD
- 8.14%
- 1Y
- 39.42%
- 3Y*
- -8.92%
- 5Y*
- -8.62%
- 10Y*
- 10.44%
Benchmark (S&P 500 Index)
- 1D
- -0.79%
- 1M
- 1.13%
- 6M
- 7.71%
- YTD
- 9.79%
- 1Y
- 20.06%
- 3Y*
- 18.60%
- 5Y*
- 11.43%
- 10Y*
- 13.27%
TAN Monthly Returns History
Based on dividend-adjusted daily data since Apr 15, 2008, TAN's average daily return is +0.01%, while the average monthly return is +0.24%. At this rate, an investment would double in approximately 24.1 years.
Historically, 50% of months were positive and 50% were negative. The best month was Mar 2009 with a return of +29.7%, while the worst month was Oct 2008 at -42.0%. The longest winning streak lasted 10 consecutive months, and the longest losing streak was 5 months.
On a daily basis, TAN closed higher 50% of trading days. The best single day was Nov 24, 2008 with a return of +21.9%, while the worst single day was Nov 20, 2008 at -18.8%.
| Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec | Total | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2026 | 9.63% | 2.14% | 1.29% | 4.85% | 26.57% | -19.99% | -10.19% | 8.14% | |||||
| 2025 | 2.05% | -4.29% | -5.84% | -6.83% | 13.99% | 5.90% | 7.41% | 12.91% | 5.01% | 12.58% | -0.43% | 0.43% | 48.31% |
| 2024 | -20.58% | 1.84% | 5.14% | -11.11% | 19.71% | -16.71% | 4.77% | -2.02% | 4.43% | -7.61% | -7.53% | -9.63% | -37.61% |
| 2023 | 10.78% | -8.06% | 4.50% | -7.27% | -2.79% | 2.06% | -4.03% | -15.04% | -11.06% | -18.94% | 9.19% | 16.49% | -26.79% |
| 2022 | -14.93% | 9.15% | 5.58% | -14.88% | 10.70% | 0.41% | 19.86% | -1.45% | -12.71% | -3.17% | 17.82% | -13.15% | -5.24% |
| 2021 | 5.77% | -6.78% | -9.43% | -9.39% | -4.86% | 12.92% | -4.10% | -0.05% | -6.63% | 23.95% | -9.70% | -13.99% | -25.10% |
Benchmark Metrics
Invesco Solar ETF has an annualized alpha of -12.65%, beta of 1.43, and R2 of 0.41 versus S&P 500 Index. Calculated based on daily prices since April 15, 2008.
- This ETF participated in 174.79% of S&P 500 Index downside but only 125.56% of its upside - more exposed to losses than it benefited from rallies.
- R2 of 0.41 means the benchmark explains less than half of this ETF's behavior - treat beta with caution or consider switching to a more representative benchmark.
- Alpha
- -12.65%
- Beta
- 1.43
- R²
- 0.41
- Upside Capture
- 125.56%
- Downside Capture
- 174.79%
Expense Ratio
TAN has an expense ratio of 0.69%, placing it in the medium range.
Return for Risk
Risk / Return Rank
TAN ranks 36 for risk / return — below 36% of ETFs on our site. The returns aren't fully compensating for the risk involved. This isn't necessarily a dealbreaker, but factor it into your decision — especially if you're risk-averse.
Return / Risk — by metrics
The table below present risk-adjusted performance metrics for Invesco Solar ETF (TAN) and compare them to S&P 500 Index.
Values are calculated on a 1-year rolling basis and updated daily. Risk-adjusted metrics are more stable over longer periods — use the period switch above to explore them.
| TAN | Benchmark | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.57 | ||
| Sortino ratioReturn per unit of downside risk | -0.60 | ||
| Omega ratioGain probability vs. loss probability | 1.19 | 1.29 | -0.11 |
| Calmar ratioReturn relative to maximum drawdown | 1.41 | 2.21 | -0.81 |
| Martin ratioReturn relative to average drawdown | 4.62 | 9.61 | -4.99 |
Dividends
Dividend History
Invesco Solar ETF provided a 0.00% dividend yield over the last twelve months, with an annual payout of $0.00 per share.
| Period | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Dividend | $0.00 | $0.00 | $0.17 | $0.05 | $0.00 | $0.00 | $0.09 | $0.09 | $0.13 | $0.44 | $0.83 | $0.49 |
Dividend yield | 0.00% | 0.00% | 0.50% | 0.09% | 0.00% | 0.00% | 0.09% | 0.30% | 0.69% | 1.77% | 5.04% | 1.60% |
Monthly Dividends
The table displays the monthly dividend distributions for Invesco Solar ETF. The dividends shown in the table have been adjusted to account for any splits that may have occurred.
| Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec | Total | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2026 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | |||||
| 2025 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 |
| 2024 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.17 | $0.17 |
| 2023 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.05 | $0.05 |
| 2022 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 |
| 2021 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 |
Drawdowns
Drawdowns Chart
The Drawdowns chart displays portfolio losses from any high point along the way. Drawdowns are calculated considering price movements and all distributions paid, if any.
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Worst Drawdowns
The table below displays the maximum drawdowns of the Invesco Solar ETF. A maximum drawdown is a measure of risk, indicating the largest reduction in portfolio value due to a series of losing trades.
The maximum drawdown for the Invesco Solar ETF was 95.29%, occurring on Nov 20, 2012. The portfolio has not yet recovered.
The current Invesco Solar ETF drawdown is 75.60%.
Related event | Drawdown | Fall | Recovery | Underwater |
|---|---|---|---|---|
2012 bear market2012 | -95.29%Nov 2012 | 4y 6mo | — | 18y 2moMay 2008 - now |
Financial crisis2007–2009 | -6.53%May 2008 | 14d | 12d | 26dApr 2008 - May 2008 |
Financial crisis2007–2009 | -0.10%May 2008 | 0s | 1d | 1dMay 2008 - May 2008 |
Drawdown Indicators
| TAN | Benchmark | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -95.29% | -56.78% | -38.51% |
Max Drawdown (1Y)Largest decline over 1 year | -28.15% | -9.10% | -19.05% |
Max Drawdown (3Y)Largest decline over 3 years | -64.40% | -18.90% | -45.50% |
Max Drawdown (5Y)Largest decline over 5 years | -73.95% | -25.43% | -48.52% |
Max Drawdown (10Y)Largest decline over 10 years | -78.53% | -33.92% | -44.61% |
Current DrawdownCurrent decline from peak | -75.60% | -1.24% | -74.36% |
Average DrawdownAverage peak-to-trough decline | -78.46% | -10.71% | -67.75% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 8.56% | 2.09% | +6.47% |
Volatility
Volatility Chart
The chart below shows the rolling one-month volatility.
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