ICLN vs TAN
iShares Global Clean Energy ETF vs Invesco Solar ETF
Last updated: 2026-04-02
iShares Global Clean Energy ETF (ICLN) is an exchange-traded fund that provides exposure to thematic - clean energy securities. It charges an above-average expense ratio of 0.39%. The fund offers a moderate dividend yield of 1.47%. Launched in 2008, the fund has a 18-year track record.
Invesco Solar ETF (TAN) is an exchange-traded fund that provides exposure to thematic - clean energy securities. It charges a high expense ratio of 0.70%. Launched in 2008, the fund has a 18-year track record.
Quick Verdict
ICLN is significantly cheaper at 0.39% vs 0.70% expense ratio, saving you approximately $592 per $10,000 invested over 10 years. Over the past year, TAN has significantly outperformed with a 82.7% return vs 58.8%.
Key Metrics
Performance Chart
Indexed to 100 at start (5-year comparison)
Performance Comparison
Fee Impact Over Time
Estimated fee cost difference assuming 8% annual returns
Risk Metrics
Based on 5 years of daily returns
Dividend Comparison
Top Holdings
3 of top 10 holdings overlap (30% overlap in top holdings)
ICLN Top Holdings
| Name | Weight |
|---|---|
| Nextpower Inc.NXT | 10.18% |
| Bloom Energy CorporationBE | 9.29% |
| First Solar, Inc.FSLR | 5.94% |
| Iberdrola, S.A.!bme/IBE | 5.60% |
| China Yangtze Power Co., Ltd.!sha/600900 | 4.76% |
| Ormat Technologies, Inc.ORA | 3.21% |
| Enphase Energy, Inc.ENPH | 3.05% |
| Equatorial S.A.!bvmf/EQTL3 | 2.79% |
| Vestas Wind Systems A/S!cph/VWS | 2.50% |
| EDP, S.A.!eli/EDP | 2.16% |
TAN Top Holdings
| Name | Weight |
|---|---|
| First Solar, Inc.FSLR | 9.82% |
| Nextpower Inc.NXT | 9.80% |
| Enlight Renewable Energy Ltd!tlv/ENLT | 6.44% |
| Enphase Energy, Inc.ENPH | 6.34% |
| SolarEdge Technologies, Inc.SEDG | 5.44% |
| Sunrun Inc.RUN | 4.87% |
| GCL Technology Holdings Limited!hkg/3800 | 4.42% |
| HA Sustainable Infrastructure Capital, Inc.HASI | 4.20% |
| Solaria Energía y Medio Ambiente, S.A.!bme/SLR | 4.18% |
| Doral Group Renewable Energy Resources Ltd!tlv/DORL | 3.58% |
Which One Should You Choose?
Choose ICLN if...
you want the lowest fees and plan to buy and hold long-term. Over decades, the expense ratio difference compounds significantly.
Choose TAN if...
recent performance momentum matters to your strategy. Note that past performance doesn't guarantee future results.
Either works if...
you just need broad thematic - clean energy exposure. Both are solid options — pick whichever your brokerage offers commission-free.