TAN vs. ICLN
Compare and contrast key facts about Invesco Solar ETF (TAN) and iShares Global Clean Energy ETF (ICLN).
TAN and ICLN are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. 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. 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. Both TAN and ICLN 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
TAN vs. ICLN - Performance Comparison
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TAN vs. ICLN - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
TAN Invesco Solar ETF | 14.56% | 48.31% | -37.61% | -26.79% | -5.24% | -25.10% | 233.96% | 66.53% | -25.67% | 54.38% |
ICLN iShares Global Clean Energy ETF | 11.08% | 47.05% | -25.72% | -20.41% | -5.43% | -24.18% | 141.82% | 44.36% | -9.03% | 21.47% |
Returns By Period
In the year-to-date period, TAN achieves a 14.56% return, which is significantly higher than ICLN's 11.08% return. Over the past 10 years, TAN has outperformed ICLN with an annualized return of 10.44%, while ICLN has yielded a comparatively lower 8.94% annualized return.
TAN
- 1D
- 1.01%
- 1M
- -0.16%
- YTD
- 14.56%
- 6M
- 24.82%
- 1Y
- 82.69%
- 3Y*
- -10.00%
- 5Y*
- -9.00%
- 10Y*
- 10.44%
ICLN
- 1D
- -0.22%
- 1M
- -0.44%
- YTD
- 11.08%
- 6M
- 15.82%
- 1Y
- 61.77%
- 3Y*
- -1.04%
- 5Y*
- -4.16%
- 10Y*
- 8.94%
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TAN vs. ICLN - Expense Ratio Comparison
TAN has a 0.69% expense ratio, which is higher than ICLN's 0.46% expense ratio.
Return for Risk
TAN vs. ICLN — Risk / Return Rank
TAN
ICLN
TAN vs. ICLN - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Invesco Solar ETF (TAN) and iShares Global Clean Energy ETF (ICLN). 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.
| TAN | ICLN | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | 2.10 | 2.38 | -0.27 |
Sortino ratioReturn per unit of downside risk | 2.68 | 3.01 | -0.32 |
Omega ratioGain probability vs. loss probability | 1.33 | 1.38 | -0.05 |
Calmar ratioReturn relative to maximum drawdown | 5.21 | 5.60 | -0.38 |
Martin ratioReturn relative to average drawdown | 13.78 | 15.65 | -1.87 |
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
| TAN | ICLN | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 2.10 | 2.38 | -0.27 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | -0.23 | -0.15 | -0.07 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.28 | 0.33 | -0.05 |
Sharpe Ratio (All Time)Calculated using the full available price history | -0.15 | -0.12 | -0.03 |
Correlation
The correlation between TAN and ICLN 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
TAN vs. ICLN - Dividend Comparison
TAN has not paid dividends to shareholders, while ICLN's dividend yield for the trailing twelve months is around 1.47%.
| TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
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% |
ICLN iShares Global Clean Energy ETF | 1.47% | 1.63% | 1.85% | 1.59% | 0.89% | 1.18% | 0.34% | 1.36% | 2.77% | 2.49% | 3.88% | 2.36% |
Drawdowns
TAN vs. ICLN - Drawdown Comparison
The maximum TAN drawdown since its inception was -95.29%, which is greater than ICLN's maximum drawdown of -87.15%. Use the drawdown chart below to compare losses from any high point for TAN and ICLN.
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Drawdown Indicators
| TAN | ICLN | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -95.29% | -87.15% | -8.14% |
Max Drawdown (1Y)Largest decline over 1 year | -16.25% | -11.22% | -5.03% |
Max Drawdown (5Y)Largest decline over 5 years | -73.95% | -57.16% | -16.79% |
Max Drawdown (10Y)Largest decline over 10 years | -78.53% | -66.75% | -11.78% |
Current DrawdownCurrent decline from peak | -74.16% | -50.31% | -23.85% |
Average DrawdownAverage peak-to-trough decline | -78.57% | -66.84% | -11.73% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 6.15% | 4.01% | +2.14% |
Volatility
TAN vs. ICLN - Volatility Comparison
Invesco Solar ETF (TAN) and iShares Global Clean Energy ETF (ICLN) have volatilities of 10.07% and 10.23%, 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
| TAN | ICLN | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 10.07% | 10.23% | -0.16% |
Volatility (6M)Calculated over the trailing 6-month period | 26.24% | 20.47% | +5.77% |
Volatility (1Y)Calculated over the trailing 1-year period | 39.51% | 26.14% | +13.37% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 39.82% | 27.16% | +12.66% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 37.78% | 27.04% | +10.74% |