TAN vs ICLN Stock Comparison: AI Score, Valuation, Performance and Upside
TAN and ICLN sit in related but distinct corners of the ETF landscape — TAN centers on concentrated, pure-play exposure to the global solar industry, while ICLN focuses on diversified global clean-energy exposure beyond solar alone. Investors choosing between them should weigh how each fund's strategy lines up with their own goals rather than assuming they're interchangeable.
Choosing between TAN and ICLN comes down to which specific exposure — concentrated, pure-play exposure to the global solar industry or diversified global clean-energy exposure beyond solar alone — better matches the role you want this holding to play in a diversified portfolio.
ICLN holds the edge across 5 of 5 key metrics in this comparison. ICLN has delivered stronger 1-year price return (-7.51% vs -11.80% for TAN).
- want concentrated, pure-play exposure to the global solar industry
- prefer Invesco's approach and fund lineup
- value most liquid solar-focused ETF for direct thematic exposure
- are comfortable with extremely volatile, policy- and tariff-sensitive theme
- want diversified global clean-energy exposure beyond solar alone
- prefer iShares (BlackRock)'s approach and fund lineup
- value more diversified across solar, wind, and renewables than TAN
- are comfortable with still a volatile, sentiment-driven thematic fund
| Metric | TAN | ICLN |
|---|---|---|
| ETF scorei | 24.6 | 24.7 |
| Latest closei | $43.34 | $16.11 |
| 1M returni | -1.61% | -6.28% |
| 3M returni | -18.79% | -12.64% |
| 6M returni | -28.61% | -24.13% |
| 1Y returni | -11.80% | -7.51% |
The ETF score weights long-term returns and risk-adjusted performance most heavily, but still rewards low expense ratios, larger fund size, and broader diversification — so it can favor low-cost, broad, mega-cap funds over smaller thematic or actively-managed funds even when the latter have delivered stronger returns.
How much would $10,000 be worth today if invested at the start of each period, with all dividends reinvested?
| Period | TAN | ICLN |
|---|---|---|
| 1Y ago | $8.82K (-11.8%) started 2025-11-03 | $9.35K (-6.5%) started 2025-11-03 |
| 5Y ago | $4.5K (-55.0%) started 2021-11-04 | $7.5K (-25.0%) started 2021-11-04 |
| 10Y ago | $28.01K (+180.1%) started 2016-11-04 | $27.1K (+171.0%) started 2016-11-04 |
Hypothetical — past performance does not guarantee future results.
| Metric | TAN | ICLN |
|---|---|---|
| Expense ratioi | 0.70% | 0.38% |
| Total assets (AUM)i | $899.58M | $2.23B |
| Dividend yieldi | 0.00% | 1.08% |
| Trailing P/Ei | 19.13 | 19.56 |
| Betai | 1.39 | 1.10 |
| 52-week change | -11.80% | -7.51% |
| Metric | TAN | ICLN |
|---|---|---|
| 1Y returni | -11.80% | -7.51% |
| 6M returni | -28.61% | -24.13% |
| 3M returni | -18.79% | -12.64% |
| 1M returni | -1.61% | -6.28% |
| 1Y Sharpe ratio | -0.26 | -0.24 |
| Betai | 1.39 | 1.10 |
| Dividend yieldi | 0.00% | 1.08% |
| 5Y CAGR | -14.85% | -6.89% |
Over the past year, TAN and ICLN have moved strongly in the same direction (correlation of 0.88), based on daily returns.
Lower drawdown and smaller single-period drops generally indicate a smoother ride, though they do not guarantee lower future risk.
| Period | Metric | TAN | ICLN |
|---|---|---|---|
| 1Y | Growthi | -11.80% | -7.51% |
| CAGRi | -11.81% | -7.51% | |
| Volatilityi | 38.27% | 30.86% | |
| Sharpe ratioi | -0.26 | -0.24 | |
| Sortino ratioi | -0.36 | -0.34 | |
| Max drawdowni | 45.62% | 35.36% | |
| Current drawdowni | 41.38% | 31.99% | |
| Avg drawdowni | 16.53% | 12.02% | |
| Ulcer Indexi | 22.18% | 16.19% | |
| Max daily dropi | 9.07% | 7.71% | |
| Max wkly dropi | 15.83% | 13.99% | |
| 5Y | Growthi | -55.22% | -30.00% |
| CAGRi | -14.85% | -6.89% | |
| Volatilityi | 40.07% | 28.10% | |
| Sharpe ratioi | -0.32 | -0.28 | |
| Sortino ratioi | -0.46 | -0.39 | |
| Max drawdowni | 73.71% | 55.95% | |
| Current drawdowni | 56.23% | 31.99% | |
| Avg drawdowni | 44.29% | 30.79% | |
| Ulcer Indexi | 47.31% | 33.49% | |
| Max daily dropi | 10.86% | 7.71% | |
| Max wkly dropi | 18.09% | 15.17% | |
| 10Y | Growthi | +157.17% | +127.00% |
| CAGRi | +9.91% | +8.55% | |
| Volatilityi | 38.49% | 27.62% | |
| Sharpe ratioi | 0.32 | 0.27 | |
| Sortino ratioi | 0.47 | 0.39 | |
| Max drawdowni | 78.53% | 66.75% | |
| Current drawdowni | 64.25% | 48.19% | |
| Avg drawdowni | 33.17% | 28.32% | |
| Ulcer Indexi | 41.39% | 35.88% | |
| Max daily dropi | 16.08% | 12.81% | |
| Max wkly dropi | 30.73% | 28.01% |
| Category | TAN | ICLN |
|---|---|---|
| Fund name | Invesco Solar ETF | iShares Global Clean Energy ETF |
| Type | ETF | ETF |
| Expense ratioi | 0.70% | 0.38% |
| Total assets (AUM)i | $899.58M | $2.23B |
| Dividend yieldi | 0.00% | 1.08% |
- Most liquid solar-focused ETF for direct thematic exposure
- Global reach beyond just US solar names
- Long-term tailwind from decarbonization and falling solar costs
- More diversified across solar, wind, and renewables than TAN
- Global reach including European and emerging-market names
- Benefits from broad decarbonization policy tailwinds worldwide
- Extremely volatile, policy- and tariff-sensitive theme
- Small universe of pure-play solar companies
- Has experienced deep, multi-year drawdowns historically
- Still a volatile, sentiment-driven thematic fund
- Renewable-policy shifts by governments can hit returns sharply
- Sector overlaps meaningfully with pure-play solar funds
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