TAN — Invesco Solar ETF

TAN Price Performance — Growth of $10,000

Value of a $10,000 investment in TAN over time, compared with SPY. Both lines are rebased to $10,000 on the first shared date. Based on total returns — prices are adjusted for dividends and splits, so this assumes distributions were reinvested. Hover or tap the chart for exact values.

TAN Drawdown

The "underwater" chart: TAN's decline from its highest prior value at each point in time. It shows how deep past losses ran and how long the fund took to recover to break-even.

Overview

The Invesco Solar ETF (Ticker: TAN) is a thematic ETF, tracking a sector focused on solar energy. Issued by Invesco, it ranks #435 out of 458 tracked ETFs across all categories, indicating a modest position in the market. The ETF has an expense ratio of 0.7%, which is relatively low, and a dividend yield of 0.00%, suggesting it does not distribute much in the way of dividends. With an asset under management (AUM) of $1.35B, it positions itself as a mid-sized ETF, reflecting a moderate level of investor adoption given its ranking and expense structure.

The Invesco Solar ETF's performance shows a mix of short-term and long-term trends. Over the past year, it has seen a significant gain of 20.20%, but this has been followed by a decline of 12.16% over the past three years. The 1-month return of -6.68% and the 3-month return of -23.96% indicate a period of volatility, with the 1-year return of +20.20% suggesting a recovery from the downturn. The 1-day return of -0.82% and the 1-week return of -5.10% show that the fund can experience short-term fluctuations, but the 6-month return of -17.48% and the year-to-date return of -4.42% indicate a more pronounced downturn over a longer period.

The Invesco Solar ETF is categorized as having a Very High volatility label, with a beta of 1.92, indicating that it is more volatile than the market. This is further supported by a Sharpe ratio of 0.39, which suggests that the fund's returns are not adequately compensating for the level of risk taken. The maximum drawdown of -55.41% highlights the potential for significant losses during market downturns. These figures imply that the fund is best suited for investors who are prepared to accept higher risk in exchange for the potential for higher returns, particularly in a market environment where solar energy stocks may experience substantial price swings.

AI-generated summary based on the data on this page.

TAN Top Holdings

Holdings as of 2026-05-31 per the fund's most recent SEC N-PORT-P filing. Top 10 holdings make up 80.4% of net assets — a rough gauge of concentration risk (the higher this figure, the more the fund's return depends on a handful of names). To see how TAN's holdings overlap with other ETFs you own or are considering, check the Stock Overlap tool.

Which Funds Overlap With TAN

Holding two funds that own the same companies adds cost and complexity without adding much diversification. These tracked ETFs share the most names with TAN's top 10 — ICLN overlaps most, holding 3 of the same companies as TAN's top 10 (30.3% of TAN's assets).

Compares the top 10 reported holdings of each fund, so it's a floor on true overlap — two S&P 500 trackers overlap ~100% even when only 10 names are listed. Use the Stock Overlap tool to search by individual company.

Market Backdrop

10-Year Treasury Yield: 4.69% (as of 2026-08-20) — The yield on 10-year US Treasury bonds — the standard "risk-free rate" benchmark used to contextualize this fund’s Sharpe ratio and returns.

CBOE Volatility Index (VIX): 16.01 (as of 2026-08-20) — A real-time gauge of expected S&P 500 volatility over the next 30 days — useful context for this fund’s own volatility label.

Federal Funds Rate: 3.63% (as of 2026-07-01) — The Federal Reserve’s target policy rate, which anchors short-term borrowing costs across the economy.

TAN Liquidity, Domicile & Tax Treatment

Liquidity: Quoted bid/ask spread is — and average daily volume is 1.4M/day. Tighter spreads and higher volume mean lower round-trip trading costs; this is a live-market snapshot and can widen during volatile sessions. AUM of $1.35B provides ample scale, supporting tight spreads and issuer commitment to keep the fund open.

Domicile & tax treatment: TAN is a US-domiciled, SEC-registered ('40 Act) exchange-traded fund. Dividends and capital gains distributions are reported to US investors on Form 1099-DIV, and the fund is not subject to the PFIC reporting or UCITS-specific rules that apply to Irish- or Luxembourg-domiciled funds. Non-US investors should note that US-domiciled ETFs are generally subject to 30% US withholding tax on dividends (unless reduced by treaty) and to US estate tax exposure on the position — Irish-domiciled UCITS ETFs tracking the same index often avoid both, which is why non-US residents frequently prefer the UCITS equivalent where one exists. This is general information, not tax advice — consult a tax professional for your situation.

TAN Performance History

How TAN Compares to Other Thematic ETFs