ICLN vs. TAN
Compare and contrast key facts about iShares Global Clean Energy ETF (ICLN) and Invesco Solar ETF (TAN).
ICLN and TAN are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. ICLN is a passively managed fund by iShares that tracks the performance of the S&P Global Clean Energy Index. It was launched on Jun 24, 2008. TAN is a passively managed fund by Invesco that tracks the performance of the MAC Global Solar Energy Index. It was launched on Apr 15, 2008. Both ICLN and TAN are passive ETFs, meaning that they are not actively managed but aim to replicate the performance of the underlying index as closely as possible.
Performance
ICLN vs. TAN - Performance Comparison
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ICLN vs. TAN - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
ICLN iShares Global Clean Energy ETF | 11.32% | 47.05% | -25.72% | -20.41% | -5.43% | -24.18% | 141.82% | 44.36% | -9.03% | 21.47% |
TAN Invesco Solar ETF | 13.42% | 48.31% | -37.61% | -26.79% | -5.24% | -25.10% | 233.96% | 66.53% | -25.67% | 54.38% |
Returns By Period
In the year-to-date period, ICLN achieves a 11.32% return, which is significantly lower than TAN's 13.42% return. Over the past 10 years, ICLN has underperformed TAN with an annualized return of 8.96%, while TAN has yielded a comparatively higher 10.33% annualized return.
ICLN
- 1D
- 4.45%
- 1M
- 0.38%
- YTD
- 11.32%
- 6M
- 19.07%
- 1Y
- 63.12%
- 3Y*
- -0.97%
- 5Y*
- -4.11%
- 10Y*
- 8.96%
TAN
- 1D
- 5.33%
- 1M
- 1.29%
- YTD
- 13.42%
- 6M
- 27.69%
- 1Y
- 82.90%
- 3Y*
- -10.29%
- 5Y*
- -9.18%
- 10Y*
- 10.33%
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ICLN vs. TAN - Expense Ratio Comparison
ICLN has a 0.46% expense ratio, which is lower than TAN's 0.69% expense ratio.
Return for Risk
ICLN vs. TAN — Risk / Return Rank
ICLN
TAN
ICLN vs. TAN - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for iShares Global Clean Energy ETF (ICLN) and Invesco Solar ETF (TAN). Risk-adjusted metrics are performance indicators that assess an investment's returns in relation to its risk, enabling a more accurate comparison of different investment options.
| ICLN | TAN | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | 2.43 | 2.11 | +0.32 |
Sortino ratioReturn per unit of downside risk | 3.06 | 2.69 | +0.37 |
Omega ratioGain probability vs. loss probability | 1.39 | 1.33 | +0.06 |
Calmar ratioReturn relative to maximum drawdown | 5.49 | 4.90 | +0.59 |
Martin ratioReturn relative to average drawdown | 15.39 | 12.99 | +2.41 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
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Sharpe Ratios by Period
| ICLN | TAN | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 2.43 | 2.11 | +0.32 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | -0.15 | -0.23 | +0.08 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.33 | 0.27 | +0.06 |
Sharpe Ratio (All Time)Calculated using the full available price history | -0.12 | -0.15 | +0.03 |
Correlation
The correlation between ICLN and TAN is 0.85, which is considered to be high. That indicates a strong positive relationship between their price movements. Having highly-correlated positions in a portfolio may signal a lack of diversification, potentially leading to increased risk during market downturns.
Dividends
ICLN vs. TAN - Dividend Comparison
ICLN's dividend yield for the trailing twelve months is around 1.46%, while TAN has not paid dividends to shareholders.
| TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
ICLN iShares Global Clean Energy ETF | 1.46% | 1.63% | 1.85% | 1.59% | 0.89% | 1.18% | 0.34% | 1.36% | 2.77% | 2.49% | 3.88% | 2.36% |
TAN Invesco Solar ETF | 0.00% | 0.00% | 0.50% | 0.09% | 0.00% | 0.00% | 0.09% | 0.30% | 0.69% | 1.77% | 5.04% | 1.60% |
Drawdowns
ICLN vs. TAN - Drawdown Comparison
The maximum ICLN drawdown since its inception was -87.15%, smaller than the maximum TAN drawdown of -95.29%. Use the drawdown chart below to compare losses from any high point for ICLN and TAN.
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Drawdown Indicators
| ICLN | TAN | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -87.15% | -95.29% | +8.14% |
Max Drawdown (1Y)Largest decline over 1 year | -11.22% | -16.25% | +5.03% |
Max Drawdown (5Y)Largest decline over 5 years | -57.16% | -73.95% | +16.79% |
Max Drawdown (10Y)Largest decline over 10 years | -66.75% | -78.53% | +11.78% |
Current DrawdownCurrent decline from peak | -50.20% | -74.42% | +24.22% |
Average DrawdownAverage peak-to-trough decline | -66.84% | -78.57% | +11.73% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 4.00% | 6.13% | -2.13% |
Volatility
ICLN vs. TAN - Volatility Comparison
iShares Global Clean Energy ETF (ICLN) and Invesco Solar ETF (TAN) have volatilities of 10.82% and 10.63%, respectively, indicating that both stocks experience similar levels of price fluctuations. This suggests that the risk associated with both stocks, as measured by volatility, is nearly the same. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| ICLN | TAN | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 10.82% | 10.63% | +0.19% |
Volatility (6M)Calculated over the trailing 6-month period | 20.46% | 26.24% | -5.78% |
Volatility (1Y)Calculated over the trailing 1-year period | 26.17% | 39.55% | -13.38% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 27.16% | 39.82% | -12.66% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 27.04% | 37.78% | -10.74% |