TAN · Invesco Solar ETF
TAN holds 31 stocks. 100% of it is not in the S&P 500, and its top ten are 65% of the fund.
Its ten largest positions
| Holding | Ticker | Weight | |
|---|---|---|---|
| First Solar, Inc. | 11.74% | ||
| Nextpower Inc. | 9.81% | ||
| Enphase Energy, Inc. | 8.75% | ||
| Enlight Renewable Energy Ltd. | 7.58% | ||
| SolarEdge Technologies, Inc. | 6.32% | ||
| Doral Group Renewable Energy Resources Ltd. | 5.09% | ||
| Sunrun Inc. | 4.83% | ||
| O.Y. Nofar Energy Ltd. | 4.21% | ||
| HA Sustainable Infrastructure Capital, Inc. | 3.46% | ||
| Shoals Technologies Group, Inc. | 3.38% |
Period by period
| Window | Total return | S&P 500 | Gap to S&P 500 | Gap to Nasdaq-100 |
|---|---|---|---|---|
| 3 months | −25.0% | +4.7% | −29.7 pts | −27.1 pts |
| 6 months | −9.8% | +15.2% | −25.0 pts | −30.0 pts |
| 1 year | +14.3% | +20.0% | −5.6 pts | −11.3 pts |
| 3 years | −16.7% | +78.0% | −94.7 pts | −110.2 pts |
| Since launch | −38.6% | +811.4% | −850.0 pts | −1722.7 pts |
In plain words
The top ten holdings are 65% of the fund across 31 positions, as filed for May 31, 2026. Over the year to Sep 4, 2026 the fund returned +14.3% with distributions reinvested against +20.0% for the S&P 500, so a holder was behind by 5.6 pts. It sits 60.4% below its all-time high of Feb 9, 2021.
| Theme (ETFIQ, editorial) | Clean energy |
|---|---|
| Launched | Jan 4, 2010 |
| Already in the S&P 500, by weight (ETFIQ) | 11.7% |
| Active share vs the S&P 500 (ETFIQ) | 100.0% |
| Already in the Nasdaq-100, by weight (ETFIQ) | 0.0% |
| Active share vs the Nasdaq-100 (ETFIQ) | 100.0% |
| Top ten holdings weight | 65.2% |
| Holdings | 31 |
| Holdings as of (SEC N-PORT) | May 31, 2026 |
| Top holdings | First Solar, Inc. 11.7%, Nextpower Inc. 9.8%, Enphase Energy, Inc. 8.8%, Enlight Renewable Energy Ltd. 7.6%, SolarEdge Technologies, Inc. 6.3%, Doral Group Renewable Energy Resources Ltd. 5.1%, Sunrun Inc. 4.8%, O.Y. Nofar Energy Ltd. 4.2%, HA Sustainable Infrastructure Capital, Inc. 3.5%, Shoals Technologies Group, Inc. 3.4% |
| Net assets (SEC filing, whole fund, as filed for May 31, 2026) | $2.3bn |
| Below its all-time high (ETFIQ) | −60.4% |
| Expense ratio (prospectus XBRL) | 0.70% |
| Fee for the part that differs from the S&P 500, active expense ratio (ETFIQ) | 0.70% |
| Closest funds by holdings overlap | ACES 33%, FRNW 31%, ICLN 29%, CNRG 26%, VCLN 25% |
Holdings from the fund’s latest public SEC N-PORT filing; overlap and active share computed by ETFIQ against the IVV and QQQM books; returns from Tiingo end-of-day prices with distributions reinvested. How this desk computes every figure
Questions people ask
- How much of TAN is already in the S&P 500?
- By its holdings filed for May 31, 2026, 12% of TAN by weight is stocks the S&P 500 already holds. Its active share against the index is 100%, so that share is the part doing something different.
- What does TAN hold?
- 31 positions as filed for May 31, 2026, with the top ten at 65% of the fund. The largest are First Solar, Inc. at 11.7%, Nextpower Inc. at 9.8%, Enphase Energy, Inc. at 8.8%.
- Has TAN beaten the S&P 500?
- Over the year to Sep 4, 2026 TAN returned +14.3% with distributions reinvested, against +20.0% for the S&P 500, so it finished behind the index by 5.6 points.
- What does TAN cost?
- The prospectus expense ratio is 0.70% a year. Because 100% of the fund differs from the S&P 500, the fee on that differing part works out at 0.70%.
The words on this page
- Active share
- The part of the fund doing something the index is not, as a percentage. It is the part a fee is actually buying.
- Weight overlap
- The share of money two portfolios hold in the same securities at the same weight. Above 50%, holding both is close to holding one of them twice.
- Already in the index
- The fund’s weight in securities the S&P 500 holds at all. A fund can be made entirely of index names and still have high active share, because it holds them at very different weights.
- Top ten
- What the ten largest positions add up to. The higher it is, the more the fund is a bet on a few companies rather than a theme.
Every term this desk uses, defined in full on the themes desk vocabulary page.
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.
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Cite this page. ETFIQ, TAN on the themes desk, data as of Sep 4, 2026. https://etfiq.com/funds/TAN.html Free to use with attribution; the underlying files are at Open data.