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 -2.8% compared to -9.0%
ICLN vs TAN - Performance Comparison
Key Characteristics
Financial metrics and valuation ratios
Net Assets
Winner
ICLN
$2.90B
TAN
$1.70B
Expense Ratio
Winner
ICLN
0.39%
TAN
0.70%
Max Drawdown
Winner
ICLN
88.31%
TAN
95.67%
Sharpe Ratio
Winner
ICLN
1.10
TAN
0.99
5Y Beta
Winner
ICLN
0.77
TAN
1.04
P/E Ratio
ICLN
-5.12
Winner
TAN
-2475.31
Forward P/E
ICLN
21.44
Winner
TAN
18.54
PEG Ratio
Winner
ICLN
-0.00
TAN
0.86
5Y Dividends CAGR
Winner
ICLN
7.95%
TAN
-5.57%
Debt to Equity
Winner
ICLN
-37.43%
TAN
72.06%
P/S Ratio
ICLN
1.16
Winner
TAN
0.30
P/B Ratio
ICLN
5.33
Winner
TAN
1.70
ICLN vs TAN - Holdings Comparison
ICLN and TAN have 12 common holdings. Overlap is 29.12%
ICLN's top 25 holdings weight is 74.35%. TAN's top 25 holdings weight is 90.78%.
| Rank | ICLN | TAN |
|---|---|---|
| #1 | BLOOM ENERGY CORP CLASS A (BE) - 14.75% | NEXTPOWER INC CLASS A (NXT) - 10.33% |
| #2 | FIRST SOLAR INC (FSLR) - 8.41% | FIRST SOLAR INC (FSLR) - 9.63% |
| #3 | NEXTPOWER INC CLASS A (NXT) - 7.32% | ENPHASE ENERGY INC (ENPH) - 6.79% |
| #4 | CHINA YANGTZE POWER CO LTD CLASS A (n/a) - 5.78% | ENLIGHT RENEWABLE ENERGY LTD (n/a) - 6.72% |
| #5 | ENPHASE ENERGY INC (ENPH) - 4.87% | SOLAREDGE TECHNOLOGIES INC (SEDG) - 5.00% |
| #6 | VESTAS WIND SYSTEMS AS (n/a) - 3.11% | SUNRUN INC (RUN) - 4.66% |
| #7 | PLUG POWER INC (PLUG) - 2.85% | DORAL GROUP RENEWABLE ENERYY RESOURCES LTD ORDINARY SHARES (n/a) - 4.21% |
| #8 | SOLAREDGE TECHNOLOGIES INC (SEDG) - 2.65% | OY NOFAR ENERGY LTD ORDINARY SHARES (n/a) - 3.83% |
| #9 | EQUATORIAL SA (n/a) - 2.56% | HA SUSTAINABLE INFRASTRUCTURE CAPITAL INC (HASI) - 3.83% |
| #10 | SUZLON ENERGY LTD (n/a) - 2.52% | CLEARWAY ENERGY INC CLASS C (CWEN) - 3.37% |
| #11 | EDP-ENERGIAS DE PORTUGAL SA (n/a) - 2.25% | SOLARIA ENERGIA Y MEDIO AMBIENTE SA (n/a) - 3.15% |
| #12 | CHUBU ELECTRIC POWER CO INC (n/a) - 2.22% | GCL TECHNOLOGY HOLDINGS LTD (n/a) - 3.14% |
| #13 | CLEARWAY ENERGY INC CLASS C (CWEN) - 1.60% | SHOALS TECHNOLOGIES GROUP INC ORDINARY SHARES CLASS A (SHLS) - 3.14% |
| #14 | ORSTED AS (n/a) - 1.55% | T1 ENERGY INC (TE) - 3.03% |
| #15 | T1 ENERGY INC (TE) - 1.46% | SMA SOLAR TECHNOLOGY AG (n/a) - 2.46% |
| #16 | ENLIGHT RENEWABLE ENERGY LTD (n/a) - 1.46% | ENERGIX-RENEWABLE ENERGIES LTD (n/a) - 2.39% |
| #17 | n/a (SHLS) - 1.25% | XINYI SOLAR HOLDINGS LTD (n/a) - 2.30% |
| #18 | n/a (n/a) - 1.18% | GRENERGY RENOVABLES SA (n/a) - 2.15% |
| #19 | DOOSAN FUEL CELL ORDINARY SHARES (n/a) - 1.11% | ARRAY TECHNOLOGIES INC ORDINARY SHARES (ARRY) - 2.07% |
| #20 | NORDEX SE AKT. NACH KAPITALHERABSETZUNG (n/a) - 1.02% | CANADIAN SOLAR INC (CSIQ) - 1.62% |
| #21 | n/a (n/a) - 0.94% | SCATEC ASA ORDINARY SHARES (n/a) - 1.62% |
| #22 | n/a (n/a) - 0.89% | UNITED RENEWABLE ENERGY CO LTD (n/a) - 1.49% |
| #23 | SOLARIA ENERGIA Y MEDIO AMBIENTE SA (n/a) - 0.87% | DAQO NEW ENERGY CORP ADR (DQ) - 1.42% |
| #24 | EDP RENEWABLES SA (n/a) - 0.87% | JINKOSOLAR HOLDING CO LTD DR (JKS) - 1.23% |
| #25 | ARRAY TECHNOLOGIES INC ORDINARY SHARES (ARRY) - 0.86% | TSEC CORP (n/a) - 1.20% |
| Total Holdings | 152 | 44 |
ICLN vs TAN - Historical Returns
Returns include dividend reinvestment.
1M
ICLN
-14.38%
Winner
TAN
-12.06%
3M
ICLN
-4.28%
Winner
TAN
-1.72%
6M
Winner
ICLN
+4.68%
TAN
+2.85%
1Y
ICLN
+36.21%
Winner
TAN
+40.09%
5Y(CAGR)
Winner
ICLN
-2.84%
TAN
-8.96%
10Y(CAGR)
ICLN
+9.19%
Winner
TAN
+10.38%
Max(CAGR)
Winner
ICLN
-3.70%
TAN
-6.72%
ICLN vs TAN - Annual Returns (2008 - 2026)
Returns include dividend reinvestment.
| Year | ICLN | TAN |
|---|---|---|
| 2026 | +8.59% | +4.15% |
| 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 -49.41%. The current TAN drawdown is -75.30%.
| 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 0.94 which considered as a very strong positive correlation - the stocks move almost identically together.
0.94
-101
Dividend Comparison (2008 - 2026)
ICLN vs TAN dividend yield comparison.
| Year | ICLN | TAN |
|---|---|---|
| 2026 | 0.30% | 0.00% |
| 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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