Data as of .
ACES vs TAN: which is really different?
ACES and TAN hold 36% of their weight in the same names, and TAN returned more over the year.
ETFIQ Off-Index Score: TAN scores higher
How much of it is not the index it is sold as an alternative to?
A percentile among the 379 thematic ETFs with a holdings filing. It is a position in a set, not a rating, and neither end of it is a recommendation. All thematic ETFs ranked by it · How it is computed
36% of the two portfolios are the same securities at the same weight.
What they hold in common
By the books each fund has filed, ACES and TAN hold 36% of their money in the same securities at the same weight.
| Holding | ACES | TAN |
|---|---|---|
| Enphase Energy Inc | 6.53% | 6.37% |
| First Solar Inc | 6.25% | 9.81% |
| Nextpower Inc | 5.93% | 8.84% |
| Sunrun Inc | 4.18% | 3.86% |
| Clearway Energy Inc | 3.79% | 3.64% |
| Shoals Technologies Group Inc | 2.26% | 2.85% |
| T1 Energy Inc | 1.95% | 2.00% |
| Array Technologies Inc | 1.51% | 1.55% |
| Only in ACES | Only in TAN |
|---|---|
| Plug Power Inc 6.04% | Enlight Renewable Energy Ltd 8.19% |
| Ormat Technologies Inc 4.84% | Doral Group Renewable Energy Resources Ltd 4.68% |
| Brookfield Renewable Partners Lp 4.68% | HA Sustainable Infrastructure Capital Inc 4.39% |
| Ha Sustainable Infrastructure Capital In 4.40% | GCL Technology Holdings Ltd 4.35% |
| Tesla Inc 4.24% | SolarEdge Technologies Inc 3.86% |
| Northland Power Inc 4.20% | Solaria Energia y Medio Ambiente SA 3.42% |
| Albemarle Corp 4.17% | SMA Solar Technology AG 3.02% |
| Rivian Automotive Inc 4.08% | OY Nofar Energy Ltd 2.89% |
Weight overlap is an ETFIQ calculation: for every security both funds hold, the smaller of the two weights, summed. Above 50%, holding both is close to holding one of them twice. Holdings dated May 31, 2026 and Sep 19, 2026.
Performance, window by window
| Window | Total return | vs the S&P 500 | vs the Nasdaq-100 | |||
|---|---|---|---|---|---|---|
| ACES | TAN | ACES | TAN | ACES | TAN | |
| 3 months | −21.4% | −24.6% | −23.6 pts | −26.9 pts | −18.9 pts | −22.1 pts |
| 6 months | −10.0% | −17.2% | −28.0 pts | −35.2 pts | −34.2 pts | −41.5 pts |
| 1 year | −5.9% | +6.7% | −22.4 pts | −9.9 pts | −27.6 pts | −15.1 pts |
| 3 years | −25.4% | −15.9% | −103.8 pts | −94.3 pts | −123.6 pts | −114.0 pts |
| Since launch | +25.2% | −41.6% | −192.9 pts | −845.2 pts | −317.7 pts | −1731.9 pts |
| ACES ALPS Clean Energy ETF Holds 37 stocks in clean energy, 15% of its weight in S&P 500 companies | TAN Invesco Solar ETF Holds 45 stocks in clean energy, 10% of its weight in S&P 500 companies | |
|---|---|---|
| Issuer | ALPS | Invesco |
| Theme | Clean energy | Clean energy |
| In the S&P 500 | 14.7% | 9.8% |
| Active share vs the S&P 500 | 98.1% | 100.0% |
| In the Nasdaq-100 | 4.2% | 0.0% |
| Holdings | 37 | 45 |
| Top ten, share of the fund | 51.3% | 58.0% |
| Expense ratio | 0.55% | 0.70% |
| Fee for the differing part | 0.56% | 0.70% |
| Total return, 1 year | −5.9% | +6.7% |
| vs the S&P 500 | −22.4 pts | −9.9 pts |
| vs the Nasdaq-100 | −27.6 pts | −15.1 pts |
| Below its high | −69.6% | −62.3% |
| Net assets | $145m | $953m |
ACES in plain words
By weight, 15% of ACES's portfolio is stocks that are also in the S&P 500; its active share against the S&P 500 is 98%. The top ten holdings are 51% of the fund across 37 positions, as filed for May 31, 2026. Over the year to Sep 18, 2026 the fund returned −5.9% with distributions reinvested against +16.6% for the S&P 500, so a holder was behind by 22.4 pts. It sits 69.6% below its all-time high of Feb 9, 2021.
TAN in plain words
By weight, 10% of TAN's portfolio is stocks that are also in the S&P 500; its active share against the S&P 500 is 100%. The top ten holdings are 58% of the fund across 45 positions, as published by its issuer for Sep 19, 2026. Over the year to Sep 18, 2026 the fund returned +6.7% with distributions reinvested against +16.6% for the S&P 500, so a holder was behind by 9.9 pts. It sits 62.3% below its all-time high of Feb 9, 2021.
Questions people ask
- Do ACES and TAN hold the same stocks?
- By their latest filings, 36% of their books are the same securities at the same weight, which is a meaningful overlap. Overlap is the sum of the smaller weight of every security they share.
- Which is more different from the S&P 500, ACES or TAN?
- ACES has 15% of its weight in S&P 500 names and TAN has 10%, so TAN differs more from the index.
- Which is cheaper, ACES or TAN?
- ACES charges 0.55% a year and TAN charges 0.70%, so ACES is cheaper. Fees come from each fund's prospectus.
Other comparisons
Where these figures came from
ETFIQ links to the documents behind every figure. It is not affiliated with any issuer, and a link is not an endorsement.
Cite this page. ETFIQ, ACES against TAN, data as of Sep 18, 2026. https://etfiq.com/compare/themes/aces-vs-tan Free to use with attribution; the underlying files are at Open data.