Invesco Solar ETF (TAN) is a clean-energy ETF. As of October 28, 2026, ETF Copilot scores TAN 3.0 out of 10 — highest on Growth (7.0), lowest on Risk (0.2). It trades at 19.4 times earnings, against its own median of 18.7. Its ten largest holdings are 62% of the fund.
What stands out in TAN's data
Global solar energy companies, from panel makers to project developers.
Earns about as much on its equity as the typical clean-energy fund — no profitability edge, so the story rests on solar alone.
Return on equity of 3.3% sits in line with the category median of 3.3%. Its 0.70% expense ratio runs above the 0.6% peer norm, and the top 10 holdings make up 62.2% of assets.
A focused bet on the solar supply chain — narrow reach for direct exposure to the industry.
Why did TAN move this week? It fell 3.7% in the week to October 28, 2026 — Enphase Energy and Enlight Renewable Energy drove it
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.
How is TAN rated? ETF Copilot scores Invesco Solar ETF (TAN) 3.0 out of 10
As of October 28, 2026, ETF Copilot scores Invesco Solar ETF (TAN) 3.0 out of 10 overall.
ETF Copilot scores (0–10 scale, higher is better):
- Overall: 3.0 / 10
- Growth: 7.0 / 10
- Value: 5.0 / 10
- Risk: 0.2 / 10
- Quality: 0.7 / 10
- Return: 1.3 / 10
Is TAN expensive right now? It trades at 19.4 times earnings, against its own median of 18.7
As of October 28, 2026, TAN is more expensive than 54% of its own last 9 years.
Trailing 12 months, built from TAN's holdings. How we calculate this →
What's inside TAN?
What's inside TAN: Size (Large 0%, Mid 29%, Small 71%); Geography (International 54%, US 46%); Tech 2.9%; Semiconductors 1.8%.
What are TAN's top holdings? The ten largest are 62% of the fund
Nextpower, First Solar, Enlight Renewable Energy, Enphase Energy, Doral Group Renewable Energy Resources, Hannon Armstrong Sustainable, Clearway Energy, SolarEdge, GCL Technology and Sunrun are TAN's largest holdings, in that order.
More concentrated than 84% of Clean Energy ETFs.
Half of TAN's weight sits in its 7 largest positions, and once those weights are taken into account it behaves like 19 equally weighted holdings.
What is TAN's expense ratio? 0.70% a year
As of October 28, 2026, TAN charges 0.70% a year and holds $906M in assets across 35 positions.
| Measure | TAN |
|---|---|
| Expense ratio | 0.70% |
| Assets under management | $906M |
| Holdings | 35 |
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.
Cite this
ETF Copilot, “Invesco Solar ETF (TAN) scores and holdings analysis”, as of October 28, 2026.
https://etf-copilot.com/etf/tan
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