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Launched · SEC filings

Invesco Solar ETF

TANNYSE ArcaInvescoD

$42.07+1.87 (+4.65%)

At close: Nov 2, 2026, 4:00 PM ET

D36/ 100

Rank 14 of 16 in Clean Energy

D36/100Rank 14 of 16inClean Energy
Intraday session: up, 79 prints from 40.20 to 42.07. Range 41.01 to 42.63. Use the arrow keys to read each point.40.5041.0041.5042.5010 AM12 PM2 PM4 PM
Expense ratio
0.70%
Fund size
$872M
1Y total return
−18.2%
Yield · Last 12 months
0.00%
Holdings
42
Avg volume · 30D
988K sh
52W range
low $39.56high $75.60
Launched
Filings
SEC EDGAR

The ETF.net TAN Grade

Based on 5 of 6 pillars

D

Score 36 out of 100

Category
Clean Energy⁠
Rank
14 of 16
Six-pillar profile for TAN. Scores out of 100: Cost 13, Risk 28, Mission not scored, Tradability 85, Holdings 24, Durability 84. Strongest: Tradability (85). Weakest: Cost (13). Based on 5 of 6 pillars.

Score 36 of 100 falls in the D band. A is 70 or higher, B 55 to under 70, C 40 to under 55, D 25 to under 40, F under 25.

  • Cost

    The fund’s net expense ratio, ranked against its category.
    F13 out of 100
    Rank 14 of 16

  • Mission

    Whether the fund did what it promised, tested against its stated mandate.
    Not scored

  • Risk

    How the fund held up when markets fell: downside volatility, drawdowns and tail loss.
    D28 out of 100
    Rank 13 of 16

  • Tradability

    How easy the fund is to trade: daily volume, and how far its price strays from net asset value.
    A85 out of 100
    Rank 3 of 16

  • Holdings

    How concentrated the fund is, and how complete and current its disclosed holdings are.
    F24 out of 100
    Rank 15 of 16

  • Durability

    Whether the fund is likely to stay open, judged by its age, its assets and its issuer’s assets.
    A84 out of 100
    Rank 2 of 16

Our read on TAN

ETF.net Research

In short

DThe purest way to buy the sun. Since 2008 this fund has tracked one index of roughly 40 solar companies, panel makers to installers, rather than blending solar into a mixed clean-energy basket.

Stated mandate

The fund seeks to provide exposure to the MAC Global Solar Energy Index.

Why people hold it

  • One theme, taken literally: about 40 solar names via the MAC Global Solar Energy Index, with no wind or hydro riding along.invesco.com
  • Trading since April 2008, it has run through solar's full boom-and-bust cycles and sits in the upper half of its clean energy peer group.
  • A multi-billion-dollar fund that trades actively, so building or exiting a position rarely means wrestling with a thin order book.

Worth knowing

  • The 0.70% fee sits above the clean energy median. Broader rivals ICLN and FRNW charge 0.39% for wider coverage of the theme.
  • Roughly 40 stocks in a single industry: moves here land harder than in a diversified fund, in both directions.
  • Not an income holding. The fund has recently gone without paying distributions.

TAN Holdings

Holdings pillarF24 out of 100Rank 15 of 16 in Clean Energy
Asset class
Stocks
Holdings
42
Top-10 weight
62%
Largest holding
NXT11.0%

Sectors

  • Energy55.1%
  • Utilities32.4%
  • Financials5.4%
  • Industrials3.9%
  • Technology3.2%

Geography

  • United States51.38%
  • Israel18.51%
  • China11.22%
  • Taiwan5.46%
  • Spain5.10%
  • Germany2.15%
  • Norway1.68%
  • India1.39%
  • Other countries (4)3.11%

Developed 21% · Emerging 79% of the foreign sleeve

The fund’s holdings, weight-ordered — page 1 of 3.
#TickerCompanyWeight %SharesMarket valueHeld by ETFs
1NXTNextpower Inc10.97%1,228,679$98.1M210
2FSLRFirst Solar Inc9.64%487,224$86.2M332
3ENLT.TAEnlight Renewable Energy Ltd8.53%1,099,084$76.2M88
4ENPHEnphase Energy Inc5.97%2,062,765$53.3M146
5HASIHA Sustainable Infrastructure Capital Inc5.33%1,270,215$47.7M123
6DORL.TADoral Group Renewable Energy Resources Ltd5.05%2,657,045$45.2M44
7CWENClearway Energy Inc4.50%1,224,249$40.3M150
8GCPEFGCL Technology Holdings Ltd4.05%470,837,645$36.2M2
9RUNSunrun Inc3.92%4,613,512$35M112
10SEDGSolarEdge Technologies Inc3.86%1,129,386$34.5M87
11SLR.MCSolaria Energia y Medio Ambiente SA3.31%1,720,168$29.6M52
12SHLSShoals Technologies Group Inc2.92%3,453,337$26.1M90
13XNYIFXinyi Solar Holdings Ltd2.77%104,367,544$24.7M3
14NOFR.TAOY Nofar Energy Ltd2.72%556,678$24.3M48
15ENRG.TAEnergix-Renewable Energies Ltd2.17%3,247,790$19.4M54

Showing 1–15 of 42 holdings

TAN Performance

Launched Apr 15, 2008

Shows how $10,000 changes over the selected period, with cash distributions reinvested at the closing price on each ex-dividend date.

TAN$8,184
SPY tracks large US stocks. It provides market context, rather than representing this fund’s strategy, asset class or investment benchmark.$11,199
Oct 31, 2025 to Oct 30, 2026. TAN $8,184. SPY $11,199. Use the arrow keys to read each point.$10,000$12,500$15,000Oct 2025Apr 2026Oct 2026

Oct 31, 2025 – Oct 30, 2026

Returns run to the Oct 30, 2026 close, with cash distributions reinvested. Each period starts on the same date that many months or years earlier. Periods over one year show the average yearly return.

Trailing total return for TAN. Periods over one year show the average yearly return.
PeriodTAN
Year to date−18.2%
1 month−8.6%
3 months−18.5%
1 year−18.2%
3 yearsper year−1.2%
5 yearsper year−16.4%
10 yearsper year+8.6%

With distributions reinvested.

Calendar-year total return with cash distributions hypothetically reinvested at the ex-dividend date’s closing price. The current year shows year to date.

Annual total returns for TAN
YearReturn barTAN
2026 YTD−18.2%
2025+48.3%
2024−37.6%
2023−26.8%

TAN in the news

TAN Dividends

Adds up every distribution paid per share over the last 12 months, divided by the last completed close. Distributions are counted by ex-date. Data through Oct 30, 2026.
0.00%Last 12 months
Payout per share
NoneLast 12 months

No distributions in the last 12 months.

Distribution history

Payments through 2024

One bar per payment. 8 payments from 2015 to 2024. Dec 24, 2015 $0.49; Dec 23, 2016 $0.84; Dec 26, 2017 $0.44; Dec 24, 2018 $0.13; Dec 23, 2019 $0.09; Dec 21, 2020 $0.09; Dec 18, 2023 $0.05; Dec 23, 2024 $0.16. Use the arrow keys to read each point.2015201620172018201920202021202220232024
Ex-datePay dateAmount per share
Dec 23, 2024Dec 27, 2024$0.16
Dec 18, 2023Dec 22, 2023$0.05
Dec 21, 2020Dec 31, 2020$0.09
Dec 23, 2019Dec 31, 2019$0.09
Dec 24, 2018Dec 31, 2018$0.13
Dec 26, 2017Dec 29, 2017$0.44
Dec 23, 2016Dec 30, 2016$0.84
Dec 24, 2015Dec 31, 2015$0.49
Dec 24, 2014Dec 31, 2014$0.64
Dec 24, 2013Dec 31, 2013$0.45
Dec 24, 2012Dec 31, 2012$1.42
Dec 23, 2011No data$2.11

— Pay date not on file.

See all 14 payments⁠

$10,000 in TAN 10 years ago paid $986 in dividends.⁠

TAN Risk

Risk pillarD28 out of 100Rank 13 of 16 in Clean Energy
How much the fund’s monthly returns vary, scaled to a year.
38.1%
Annualised · 36 months to Oct 2026
How it’s calculated: standard deviation

The sample standard deviation of monthly total returns, multiplied by the square root of 12.

Uses up to 36 complete months, with at least 12 required. Total returns include reinvested distributions.

Return above 3-month US Treasury bills per unit of volatility.
0.04
vs 3-month T-bills · to Oct 2026
How it’s calculated: Sharpe ratio

Subtract each month’s Treasury-bill return from the fund’s monthly total return.

Divide the average of those excess returns by their sample standard deviation, then multiply by the square root of 12.

Uses up to 36 complete months, with at least 12 required. Each month uses the Treasury yield quoted at the end of the previous month.

The largest fall from a peak to the low that followed.
−74.0%
Trough Apr 2025
How it’s calculated: maximum drawdown

The largest percentage decline from an earlier peak, using total returns with reinvested distributions.

Uses up to five years through the last close, with at least 12 months required.

How strongly the fund’s returns move with its asset-class index.
1.85
vs its asset-class index
How it’s calculated: beta

The beta figure is supplied by FMP. The comparison index depends on the fund’s broad asset class.

FMP measures it over up to five years of monthly returns.

TAN Cost

Compare TAN and ICLN

Overpaying vs ICLN, cheapest in Clean Energy

$5,900

On $10,000 over 30 years. 7% growth a year before fees, expense ratio only.

  • TAN 0.70%

    $13,606

  • ICLN 0.38% Cheapest

    $7,706

$10,000
30 years

Cost over time

  • TAN 0.70%
  • ICLN 0.38%
  • Overpaying
One line per fund, from year 0 to year 30. Use the arrow keys to read each point.$0$5K$10K$15K051015202530TAN $13,606ICLN $7,706

Year by year

YearTANICLNOverpaying
10$1,250$688$562
20$4,760$2,658$2,102
30$13,606$7,706$5,900

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