Data as of .
TAN vs VCLN: which is really different?
TAN and VCLN hold 26% of their weight in the same names, and VCLN 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
26% of the two portfolios are the same securities at the same weight.
What they hold in common
By the books each fund has filed, TAN and VCLN hold 26% of their money in the same securities at the same weight.
| Holding | TAN | VCLN |
|---|---|---|
| Nextpower Inc | 8.84% | 7.04% |
| First Solar Inc | 9.81% | 6.48% |
| Clearway Energy Inc | 3.64% | 4.10% |
| Enphase Energy Inc | 6.37% | 3.14% |
| Solaria Energia y Medio Ambiente SA | 3.42% | 1.82% |
| Xinyi Solar Holdings Ltd | 2.78% | 1.64% |
| SolarEdge Technologies Inc | 3.86% | 1.50% |
| Array Technologies Inc | 1.55% | 0.55% |
| Only in TAN | Only in VCLN |
|---|---|
| Enlight Renewable Energy Ltd 8.19% | BLOOM ENERGY CORP 9.30% |
| Doral Group Renewable Energy Resources Ltd 4.68% | CHINA YANGTZE POWER CO LTD 5.55% |
| HA Sustainable Infrastructure Capital Inc 4.39% | IBERDROLA SA 3.65% |
| GCL Technology Holdings Ltd 4.35% | VESTAS WIND SYSTEMS A/S 3.60% |
| Sunrun Inc 3.86% | PLUG POWER INC 3.34% |
| SMA Solar Technology AG 3.02% | EDP SA 3.00% |
| OY Nofar Energy Ltd 2.89% | CERES POWER HOLDINGS PLC 2.91% |
| Shoals Technologies Group Inc 2.85% | PRYSMIAN SPA 2.80% |
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 Apr 30, 2026 and Sep 19, 2026.
Performance, window by window
| Window | Total return | vs the S&P 500 | vs the Nasdaq-100 | |||
|---|---|---|---|---|---|---|
| TAN | VCLN | TAN | VCLN | TAN | VCLN | |
| 3 months | −24.6% | −14.7% | −26.9 pts | −16.9 pts | −22.1 pts | −12.2 pts |
| 6 months | −17.2% | +2.3% | −35.2 pts | −15.8 pts | −41.5 pts | −22.0 pts |
| 1 year | +6.7% | +23.6% | −9.9 pts | +7.1 pts | −15.1 pts | +1.9 pts |
| 3 years | −15.9% | +59.4% | −94.3 pts | −19.0 pts | −114.0 pts | −38.8 pts |
| Since launch | −41.6% | +14.2% | −845.2 pts | −72.0 pts | −1731.9 pts | −88.2 pts |
| TAN Invesco Solar ETF Holds 45 stocks in clean energy, 10% of its weight in S&P 500 companies | VCLN Virtus Duff & Phelps Clean Energy ETF Holds 41 stocks in clean energy, 14% of its weight in S&P 500 companies | |
|---|---|---|
| Issuer | Invesco | Virtus |
| Theme | Clean energy | Clean energy |
| In the S&P 500 | 9.8% | 14.1% |
| Active share vs the S&P 500 | 100.0% | 98.9% |
| In the Nasdaq-100 | 0.0% | 1.7% |
| Holdings | 45 | 41 |
| Top ten, share of the fund | 58.0% | 49.2% |
| Expense ratio | 0.70% | 0.59% |
| Fee for the differing part | 0.70% | 0.60% |
| Total return, 1 year | +6.7% | +23.6% |
| vs the S&P 500 | −9.9 pts | +7.1 pts |
| vs the Nasdaq-100 | −15.1 pts | +1.9 pts |
| Below its high | −62.3% | −22.6% |
| Net assets | $953m | $6m |
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.
VCLN in plain words
By weight, 14% of VCLN's portfolio is stocks that are also in the S&P 500; its active share against the S&P 500 is 99%. The top ten holdings are 49% of the fund across 41 positions, as filed for Apr 30, 2026. Over the year to Sep 18, 2026 the fund returned +23.6% with distributions reinvested against +16.6% for the S&P 500, so a holder was ahead by 7.1 pts. It sits 22.6% below its all-time high of Jun 2, 2026.
Questions people ask
- Do TAN and VCLN hold the same stocks?
- By their latest filings, 26% 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, TAN or VCLN?
- TAN has 10% of its weight in S&P 500 names and VCLN has 14%, so TAN differs more from the index.
- Which is cheaper, TAN or VCLN?
- TAN charges 0.70% a year and VCLN charges 0.59%, so VCLN 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, TAN against VCLN, data as of Sep 18, 2026. https://etfiq.com/compare/themes/tan-vs-vcln Free to use with attribution; the underlying files are at Open data.