TAN vs ICLN: holdings overlap, shared companies and scores
As of September 11, 2026, TAN and ICLN overlap 32.2% by weight. Invesco Solar ETF (TAN): Global solar energy companies. iShares Global Clean Energy ETF (ICLN): Global clean energy stocks.
Updated September 11, 2026
How much do TAN and ICLN overlap?
As of September 11, 2026, TAN and ICLN overlap 32.2% by weight.
72% of TAN is already inside ICLN.
32% of ICLN is already inside TAN.
TAN holds 35 companies and ICLN holds 120; 21 are in both.
Computed by ETF Copilot from both funds' holdings rather than quoted from a data provider, and rebuilt nightly.
How does ETF Copilot score TAN and ICLN?
As of September 11, 2026, ETF Copilot scores TAN 4.0 out of 10 and ICLN 3.9 out of 10.
They differ most on Valuation: TAN 5.4 and ICLN 3.2.
The five factor scores behind them are set out below, 0–10 and higher is better, ranked against every US equity ETF we track.
| Factor | TAN | ICLN |
|---|---|---|
| Growth | 8.6 | 8.9 |
| Valuation | 5.4 | 3.2 |
| Risk | 0.2 | 1.0 |
| Quality | 2.4 | 3.1 |
| Return | 1.9 | 2.0 |
ICLN is the cheaper of the two at 0.38% a year
As of September 11, 2026, TAN charges 0.70% a year, yields 0.66% and holds $1.0B in assets across 35 positions.
As of September 11, 2026, ICLN charges 0.38% a year, yields 1.68% and holds $2.1B in assets across 120 positions.
| Measure | TAN | ICLN |
|---|---|---|
| Expense ratio | 0.70% | 0.38% |
| Dividend yield | 0.66% | 1.68% |
| Assets under management | $1.0B | $2.1B |
| Holdings | 35 | 120 |
Expense ratio, dividend yield and assets under management are reported by the fund and refreshed daily. Every other figure on this page is computed by ETF Copilot.
Where TAN and ICLN trade against their own history
TAN trades at 21.6 times earnings, against its own median of 16.6, and is more expensive than 76% of its own 114 monthly readings since 2017.
ICLN trades at 22.3 times earnings, against its own median of 16.2, and is more expensive than 86% of its own 114 monthly readings since 2017.
What moved TAN and ICLN this week
TAN fell 1.2% in the week to September 11, 2026. The holdings that moved it most were Doral Group Renewable Energy Resou (−11.4%), Enlight Renewable Energy (−4.2%) and Hannon Armstrong Sustainable (−6.2%); Solaria Energia y Medio Ambi (+10.8%) pushed the other way.
ICLN rose 1.6% in the week to September 11, 2026. The holdings that moved it most were Bloom Energy (+17.1%), Doosan Fuel Cell (+26.5%) and CS Wind (+16.3%); Suzlon Energy (−5.2%) pushed the other way.
What do TAN and ICLN each hold?
What's inside TAN: Tech 11%, Semiconductors 2%.
57% of TAN is its ten largest holdings.
What's inside ICLN: Tech 9%, Semiconductors 2%.
51% of ICLN is its ten largest holdings.
Compare with similar funds
Cite this
ETF Copilot, “TAN vs ICLN holdings overlap and scores”, as of September 11, 2026.
https://etf-copilot.com/compare/tan-vs-icln
Register free to unlock TAN vs ICLN prices and holdings on ETF Copilot.
Register free →