TAN
Invesco Solar ETF
Claymore/MAC Global Solar Energy Index ETF seeks investment results that correspond to the price and yield of the MAC Global Solar Energy Index.
Global
EQUITY
Rules-Based
MANAGEMENT STYLE
$ 1.0 B
ASSETS UNDER MGMT
67 bp
EXPENSES
Fund Basics
| Inception date | Apr 15, 2008 |
| Regulation | Open-Ended Fund |
| Fund Website | link... |
| Distributions | Annually |
| Currency | USD |
| Holdings Transparency | Full |
| Derivatives-based | No |
| Options available | Yes |
| Currency hedged | No |
| Fund of funds | No |
Top 10 Holdings
Complete list +
| NEXTRACKER, INC. CLASS A | 10.5 % |
| FIRST SOLAR INC | 10.3 % |
| SUNRUN INC. | 6.8 % |
| ENPHASE ENERGY INC | 6.7 % |
| GCL POLY ENERGY HOLDINGS LTD | 6.0 % |
| SOLAREDGE TECHNOLOGIES, INC. | 5.0 % |
| XINYI SOLAR HOLDINGS LTD | 4.5 % |
| ENLIGHT RENEWABLE ENERGY LTD | 4.0 % |
| HANNON ARMSTRONG SUSTAINABLE | 4.0 % |
| ARRAY TECHNOLOGIES INC | 3.6 % |
Constituent Breakdown
| Number of holdings | 28 |
| Herfindahl-Hirschman Index | 524 |
| Wgt avg mkt cap (mns) | $6,269 |
| Large cap (>$10bn) | 20.8% |
| Mid cap ($2-10bn) | 44.1% |
| Small cap (<$2bn) | 33.2% |
| Developed mkts. | 79.9% |
| Emerging mkts. | 18.1% |
Sector Breakdown
Country Exposure
 |
UNITED STATES | 53.5 % |
 |
CHINA | 13.4 % |
 |
ISRAEL | 7.4 % |
 |
HONG KONG | 6.0 % |
 |
SPAIN | 5.5 % |
 |
TAIWAN | 3.6 % |
 |
CANADA | 2.2 % |
 |
GERMANY | 2.1 % |
 |
NORWAY | 1.9 % |
 |
JAPAN | 1.2 % |
Historical Performance
Standardized Performance (as of 02/28/2026)
| YTD | 1 YR | 2 YR | 3 YR | 5 YR | 10 YR | 20 YR | Incep. | |
|---|---|---|---|---|---|---|---|---|
| Price Returns | 12.0% | 70.0% | 12.9% | -9.5% | -11.5% | 8.9% | -- | -8.3% |
| Dividend Yield | 0.0% | 0.0% | 0.3% | 0.2% | 0.1% | 0.9% | -- | 1.6% |
| Total Returns | 12.0% | 70.0% | 13.2% | -9.4% | -11.4% | 9.8% | -- | -6.8% | Ann. Volatility | 38.5% | 39.0% | 38.4% | 38.0% | 41.1% | 37.7% | -- | 44.6% |
Market Correlations
| versus... | Beta | R-squared |
| S&P 500 | 1.00 | 24% |
| MSCI EAFE | 1.11 | 22% |
| MSCI Emg Mkts | 1.23 | 32% |
Liquidity Measures
| Avg. volume (000) | 1,458 |
| ADV traded (mns) | $79 |
| Turnover | 7.8% |
| Avg. Bid/Ask (% of price) | 0.11% |
Technical Indicators
| 30d moving avg. (EMA) | $56.56 |
| Relative strength (RSI) | 51 |
| MACD/Signal | 1.17/1.67 |
| Bollinger Bands (Upper/Lower) | $61.88/$53.76 |
| Short interest (% of AUM) | 7.2% |
Distributions
Assets Under Management (mns)
Money Flows (mns)
Short Interest (as % of shares outstanding)
Long Money Flows (mns)
Top Ten Comparable ETFs only shown here. For an extended list become an Individual or Professional subscriber. Start your FREE trial
Comparable ETFs Based on Overlap
| Ticker | Fund Name | Overlap vs. TAN |
Expenses vs. TAN |
ALTAR Score™ vs. TAN |
|---|---|---|---|---|
| FRNW | Fidelity Clean Energy ETF | 34.6% | -28 bp | -1.8% |
| ACES | ALPS Clean Energy ETF | 30.3% | -12 bp | -6.1% |
| CTEC | Global X CleanTech ETF | 28.7% | -17 bp | -4.4% |
| ICLN | iShares Global Clean Energy ETF | 27.4% | -26 bp | -1.8% |
| CNRG | State Street SPDR S&P Kensho Clean Power ETF | 25.7% | -22 bp | -4.2% |
| VCLN | Virtus Duff & Phelps Clean Energy ETF | 24.5% | -8 bp | -1.1% |
| PBD | Invesco Global Clean Energy ETF | 20.2% | +8 bp | -3.6% |
| RNRG | Global X Renewable Energy Producers ETF | 19.3% | -1 bp | +0.1% |
| QCLN | First Trust Nasdaq Clean Edge Green Energy Index Fund | 17.6% | -9 bp | -5.6% |
| PBW | Invesco WilderHill Clean Energy ETF | 16.3% | -1 bp | -6.9% |
Risk and Returns: TAN vs. Comps (1 YR)
Notes: Top 10 overlapping ETFs. Funds with insufficient history not shown. Some funds may overlap. Hover over data point for ticker symbol.
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Results & Estimates (USD)
| 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 | 2027 | ||
|---|---|---|---|---|---|---|---|---|---|
| Sales per share | -- | -- | -- | -- | -- | -- | -- | ||
| change (%) | -- | -- | -- | -- | -- | -- | -- | ||
| Earnings per share | -- | -- | -- | -- | -- | -- | -- | ||
| change (%) | -- | -- | -- | -- | -- | -- | -- | ||
| Dividends per share | -- | -- | -- | -- | -- | -- | -- | ||
| change (%) | -- | -- | -- | -- | -- | -- | -- | ||
| Book value per share | -- | -- | -- | -- | -- | -- | -- | ||
| change (%) | -- | -- | -- | -- | -- | -- | -- |
Return on Equity
Net Margins
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Valuation Metrics
| Fwd Est | 2025 | 2026 | 2027 | |
| Price-to-sales | --x | --x | --x | --x |
| Price-to-earnings | --x | --x | --x | --x |
| Price-to-cash flow | --x | --x | --x | --x |
| Price-to-growth | --x | --x | --x | --x |
| Price-to-book value | --x | --x | --x | --x |
| Yield | --% | --% | --x | --% |
Based on closing prices from 3/6/2026
Peer Group Comparison Sample data. Subscribe for access.
Price-to-Earnings
Price-to-Sales
Price-to-Book Value
Price-to-Cash Flow
Price-to-Growth
Dividend Yield
Historical Valuation Trends Sample data. Subscribe for access.
SHOWING:
Price-to-Earnings
Price-to-Earnings
Notes: Based on adjusted historical results for current fund constituents. May differ from results achieved by past fund constituents. Max P/E of 100x.
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ETF Research Center Rating
4.4%
ALTAR SCORE™
48th
PERCENTILE
NEUTRAL
ETFRC RATING
There are 568 funds in the Global Equity category with an average
ALTAR Score™ of 4.5% and a standard deviation
of 2.6%. TAN's ALTAR Score™ is approximately -0.1 standard
deviations above the category average. This places TAN in the 48th percentile
among funds in the category.
Sell-Side Consensus
$72.29
PRICE TARGET
+33.6%
UPSIDE