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 (TAN) is a thematic fund issued by Invesco with $900 million in assets under management. It holds an ETFValuer grade of F, reflecting a score of 29.3 out of 100, and ranks 15th out of 17 peers in its category. The fund’s 0.7% expense ratio sits slightly above the category median of 0.69%, while it offers no dividend yield compared to the median 0.51%. Concentration is notable, with the top 10 holdings comprising 80.4% of assets, including a 16.0% stake in the Invesco Private Prime Fund.

Priced at $43.32, the ETF trades near the bottom of its 52-week range, representing only 2.6% of the distance between its low of $42.46 and high of $75.60. Short-term performance shows a slight 1-week gain of 0.58%, contrasting sharply with a 1-month decline of 9.26% and a year-to-date drop of 16.05%. Over longer horizons, the 1-year return of -5.17% lags the category median of +1.89%, while the 3-year annualized return stands at -9.84%. The fund’s rating was downgraded from D to F on 2026-09-23, based on 3.0 years of available price history.

With a beta of 1.86, the fund exhibits high sensitivity to market movements, accompanied by a Very High annualized volatility of 38.58%. This risk profile is underscored by a maximum drawdown of -51.75% and a negative Sharpe ratio of -0.26, indicating poor risk-adjusted returns. Liquidity is maintained through an average daily volume of 917,839 shares. The overall rank of #451 out of 458 tracked ETFs highlights its standing relative to the broader universe.

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: 5.28% (as of 2026-10-07) — 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): 15.08 (as of 2026-10-07) — 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: 3.75% (as of 2026-09-01) — The Federal Reserve’s target policy rate, which anchors short-term borrowing costs across the economy.

TAN Liquidity, Domicile & Tax Treatment

Liquidity: Average daily volume is 918K/day. Higher volume and a larger fund generally mean lower round-trip trading costs. AUM of $900M 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