ICLN vs TAN
Comparison between ISHARES GLOBAL CLEAN ENERGY ETF (ICLN, ETF) and INVESCO SOLAR ETF (TAN, ETF).
5-Year PerformanceICLN has outperformed TAN, delivering a return of +0.5% compared to -3.5%
ICLN vs TAN - Performance Comparison
Key Characteristics
Financial metrics and valuation ratios
Net Assets
Winner
ICLN
$2.50B
TAN
$1.60B
Expense Ratio
Winner
ICLN
0.39%
TAN
0.70%
Max Drawdown
Winner
ICLN
88.31%
TAN
95.67%
Sharpe Ratio
Winner
ICLN
1.93
TAN
1.82
5Y Beta
Winner
ICLN
0.72
TAN
0.99
P/E Ratio
Winner
ICLN
-4.66
TAN
129.54
Forward P/E
Winner
ICLN
23.18
TAN
24.42
PEG Ratio
Winner
ICLN
-0.00
TAN
0.65
5Y Dividends CAGR
Winner
ICLN
18.37%
TAN
-5.57%
Debt to Equity
Winner
ICLN
-85.94%
TAN
59.52%
P/S Ratio
ICLN
1.22
Winner
TAN
0.37
P/B Ratio
ICLN
6.64
Winner
TAN
2.12
ICLN vs TAN - Holdings Comparison
ICLN and TAN have 11 common holdings. Overlap is 19.78%
ICLN's top 25 holdings weight is 80.92%. TAN's top 25 holdings weight is 94.12%.
| Rank | ICLN | TAN |
|---|---|---|
| #1 | BLOOM ENERGY CORP CLASS A (BE) - 11.13% | FIRST SOLAR INC (FSLR) - 11.08% |
| #2 | FIRST SOLAR INC (FSLR) - 7.18% | ENPHASE ENERGY INC (ENPH) - 9.18% |
| #3 | NEXTPOWER INC CLASS A (NXT) - 6.85% | NEXTPOWER INC CLASS A (NXT) - 8.83% |
| #4 | CHINA YANGTZE POWER CO LTD CLASS A (n/a) - 6.10% | ENLIGHT RENEWABLE ENERGY LTD (n/a) - 7.77% |
| #5 | EUR CASH (n/a) - 4.79% | SOLAREDGE TECHNOLOGIES INC (SEDG) - 6.28% |
| #6 | EUR/USD PURCHASED (n/a) - 4.78% | SUNRUN INC (RUN) - 4.54% |
| #7 | PLUG POWER INC (PLUG) - 3.55% | DORAL GROUP RENEWABLE ENERYY RESOURCES LTD ORDINARY SHARES (n/a) - 4.30% |
| #8 | ENPHASE ENERGY INC (ENPH) - 3.51% | HA SUSTAINABLE INFRASTRUCTURE CAPITAL INC (HASI) - 3.73% |
| #9 | VESTAS WIND SYSTEMS AS (n/a) - 3.50% | OY NOFAR ENERGY LTD ORDINARY SHARES (n/a) - 3.61% |
| #10 | EQUATORIAL SA (n/a) - 3.22% | SOLARIA ENERGIA Y MEDIO AMBIENTE SA (n/a) - 3.43% |
| #11 | SUZLON ENERGY LTD (n/a) - 2.39% | GCL TECHNOLOGY HOLDINGS LTD (n/a) - 3.17% |
| #12 | EDP-ENERGIAS DE PORTUGAL SA (n/a) - 2.35% | SHOALS TECHNOLOGIES GROUP INC ORDINARY SHARES CLASS A (SHLS) - 3.15% |
| #13 | BRL CASH (n/a) - 2.18% | GRENERGY RENOVABLES SA (n/a) - 2.64% |
| #14 | CHUBU ELECTRIC POWER CO INC (n/a) - 2.16% | CLEARWAY ENERGY INC CLASS C (CWEN) - 2.63% |
| #15 | BRL/USD PURCHASED (n/a) - 2.07% | ARRAY TECHNOLOGIES INC ORDINARY SHARES (ARRY) - 2.41% |
| #16 | CLEARWAY ENERGY INC CLASS C (CWEN) - 1.90% | SMA SOLAR TECHNOLOGY AG (n/a) - 2.37% |
| #17 | SOLAREDGE TECHNOLOGIES INC (SEDG) - 1.89% | ENERGIX-RENEWABLE ENERGIES LTD (n/a) - 2.36% |
| #18 | ORSTED AS (n/a) - 1.78% | XINYI SOLAR HOLDINGS LTD (n/a) - 2.34% |
| #19 | n/a (n/a) - 1.53% | DAQO NEW ENERGY CORP ADR (DQ) - 1.62% |
| #20 | ILS/USD PURCHASED (n/a) - 1.49% | CANADIAN SOLAR INC (CSIQ) - 1.55% |
| #21 | ENLIGHT RENEWABLE ENERGY LTD (n/a) - 1.46% | UNITED RENEWABLE ENERGY CO LTD (n/a) - 1.53% |
| #22 | KRW/USD PURCHASED (n/a) - 1.43% | HD HYUNDAI ENERGY SOLUTIONS CO LTD ORDINARY SHARES (n/a) - 1.48% |
| #23 | n/a (n/a) - 1.32% | SCATEC ASA ORDINARY SHARES (n/a) - 1.42% |
| #24 | n/a (n/a) - 1.24% | JINKOSOLAR HOLDING CO LTD DR (JKS) - 1.37% |
| #25 | SOLARIA ENERGIA Y MEDIO AMBIENTE SA (n/a) - 1.12% | TSEC CORP (n/a) - 1.33% |
| Total Holdings | 162 | 41 |
ICLN vs TAN - Historical Returns
Returns include dividend reinvestment.
1M
ICLN
+0.14%
Winner
TAN
+5.50%
3M
Winner
ICLN
+19.84%
TAN
+18.41%
6M
ICLN
+27.37%
Winner
TAN
+34.30%
1Y
ICLN
+68.97%
Winner
TAN
+92.17%
5Y(CAGR)
Winner
ICLN
+0.49%
TAN
-3.46%
10Y(CAGR)
ICLN
+10.90%
Winner
TAN
+12.30%
Max(CAGR)
Winner
ICLN
-2.98%
TAN
-5.86%
ICLN vs TAN - Annual Returns (2008 - 2026)
Returns include dividend reinvestment.
| Year | ICLN | TAN |
|---|---|---|
| 2026 | +24.68% | +24.13% |
| 2025 | +44.25% | +41.43% |
| 2024 | -24.85% | -36.09% |
| 2023 | -19.49% | -26.01% |
| 2022 | -6.16% | -7.07% |
| 2021 | -25.35% | -26.67% |
| 2020 | +138.15% | +222.03% |
| 2019 | +43.31% | +64.40% |
| 2018 | -10.37% | -27.28% |
| 2017 | +20.11% | +50.84% |
| 2016 | -16.14% | -43.47% |
| 2015 | +3.07% | -8.44% |
| 2014 | -6.04% | -8.24% |
| 2013 | +44.46% | +117.08% |
| 2012 | -15.01% | -35.20% |
| 2011 | -44.77% | -63.84% |
| 2010 | -29.17% | -30.79% |
| 2009 | -0.11% | +10.57% |
| 2008 | -59.33% | -66.18% |
ICLN vs TAN Drawdown Comparison
The maximum drawdown for ICLN was -87.15%, occurring on Jul 25, 2012. This drawdown has not yet recovered.
The maximum drawdown for TAN was -95.29%, occurring on Nov 20, 2012. This drawdown has not yet recovered.
The current ICLN drawdown is -41.92%. The current TAN drawdown is -70.56%.
| Rank | ICLN | TAN |
|---|---|---|
| #1 | -87.15% Jun 25, 2008 - Jul 25, 2012 | -95.29% May 16, 2008 - Nov 20, 2012 |
| #2 | N/A | -6.53% Apr 16, 2008 - May 13, 2008 |
| #3 | N/A | -0.10% May 14, 2008 - May 16, 2008 |
Correlation
Correlation between ICLN and TAN is 0.95 which considered as a very strong positive correlation - the stocks move almost identically together.
0.95
-101
Dividend Comparison (2008 - 2025)
ICLN vs TAN dividend yield comparison.
| Year | ICLN | TAN |
|---|---|---|
| 2025 | 1.63% | 0.00% |
| 2024 | 1.85% | 0.50% |
| 2023 | 1.59% | 0.09% |
| 2022 | 0.89% | 0.00% |
| 2021 | 1.18% | 0.00% |
| 2020 | 0.34% | 0.09% |
| 2019 | 1.36% | 0.30% |
| 2018 | 2.77% | 0.69% |
| 2017 | 2.49% | 1.77% |
| 2016 | 3.88% | 5.04% |
| 2015 | 2.36% | 1.60% |
| 2014 | 2.83% | 1.88% |
| 2013 | 2.11% | 1.28% |
| 2012 | 3.85% | 9.10% |
| 2011 | 4.69% | 8.54% |
| 2010 | 1.90% | 0.40% |
| 2009 | 1.31% | 0.00% |
| 2008 | 0.29% | 0.14% |
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