TAN vs ICLN: holdings overlap, shared companies and scores
As of October 28, 2026, TAN and ICLN overlap 31.5% by weight. Invesco Solar ETF (TAN): Global solar energy companies. iShares Global Clean Energy ETF (ICLN): Global clean energy stocks.
Updated October 28, 2026
Where TAN and ICLN trade against their own history
TAN trades at 19.4 times earnings, against its own median of 18.7, and is more expensive than 54% of its own last 9 years.
ICLN trades at 18.7 times earnings, against its own median of 17.7, and is more expensive than 57% of its own last 9 years.
What moved TAN and ICLN this week
TAN fell 3.7% in the week to October 28, 2026. The holdings that moved it most were Enphase Energy (−21.9%), Enlight Renewable Energy (−5.6%) and SolarEdge (−11.1%); Clearway Energy (+3.7%) pushed the other way.
ICLN fell 4.5% in the week to October 28, 2026. The holdings that moved it most were Axia Energia (−22.4%), Equatorial Energia (−34.0%) and Enphase Energy (−21.9%); Iberdrola (+1.4%) pushed the other way.
What do TAN and ICLN each hold?
What's inside TAN: Tech 3%, Semiconductors 2%.
62% of TAN is its ten largest holdings.
What's inside ICLN: Tech 2%, Semiconductors 1%.
52% of ICLN is its ten largest holdings.
How much do TAN and ICLN overlap? 31.5% by weight
As of October 28, 2026, TAN and ICLN overlap 31.5% by weight.
75% of TAN is already inside ICLN.
32% of ICLN is already inside TAN.
TAN holds 35 companies and ICLN holds 122; 22 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? 3.0 and 2.2 out of 10
As of October 28, 2026, ETF Copilot scores TAN 3.0 out of 10 and ICLN 2.2 out of 10.
They differ most on Growth: TAN 7.0 and ICLN 1.3.
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 | 7.0 | 1.3 |
| Value | 5.0 | 5.1 |
| Risk | 0.2 | 1.1 |
| Quality | 0.7 | 3.0 |
| Return | 1.3 | 1.1 |
ICLN is the cheaper of the two at 0.38% a year
As of October 28, 2026, TAN charges 0.70% a year and holds $906M in assets across 35 positions.
As of October 28, 2026, ICLN charges 0.38% a year, yields 1.20% and holds $2.0B in assets across 122 positions.
| Measure | TAN | ICLN |
|---|---|---|
| Expense ratio | 0.70% | 0.38% |
| Dividend yield | — | 1.20% |
| Assets under management | $906M | $2.0B |
| Holdings | 35 | 122 |
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.
Compare with similar funds
Cite this
ETF Copilot, “TAN vs ICLN holdings overlap and scores”, as of October 28, 2026.
https://etf-copilot.com/compare/tan-vs-icln
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