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, trading under the ticker TAN, is a thematic fund managed by Invesco with $1.72 billion in assets under management. Priced at $49.10, the fund carries an expense ratio of 0.7% and offers a dividend yield of 0.00%. Within the broader universe of 458 tracked ETFs, TAN holds an overall rank of #417 and has received an ETFValuer grade of D with a score of 41.3 out of 100. The fund operates within a specific thematic category that contains 17 other ETFs tracked by the platform. Its current asset size and price point reflect the level of investor adoption relative to its peers in the solar sector. The absence of dividend income suggests the fund focuses entirely on capital appreciation rather than income generation. This positioning places the fund in the lower quartile of the total tracked universe despite its significant asset base.

Recent price action shows a sharp decline over the last day with a return of -4.77%, followed by a further drop of -8.63% over the past week. The one-month return stands at -13.63%, while the three-month period reflects a deeper loss of -16.34%. Year-to-date performance is negative at -4.84%, and the six-month return is -10.91%. In contrast, the one-year return shows a significant recovery to +25.54%, indicating a divergence between short-term weakness and longer-term gains. However, the three-year annualized return remains negative at -22.08%, highlighting sustained volatility over the medium term. This pattern suggests a fund that has experienced recent pullbacks after a strong annual performance but remains below its three-year historical levels.

The fund is classified with a Very High volatility label and exhibits a beta of 1.85, indicating it moves significantly more than the broader market. A Sharpe ratio of 0.53 suggests that the risk-adjusted returns have been modest relative to the high level of risk taken. The maximum drawdown of -61.80% illustrates the severe potential for capital loss during market downturns. This combination of high beta and deep drawdown implies the fund is highly sensitive to market swings and can experience rapid declines. While the Sharpe ratio indicates some compensation for risk over the measured period, the magnitude of the drawdown remains a dominant characteristic. Investors in this thematic vehicle should expect substantial price fluctuations in both up and down market environments.

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

TAN Top Holdings

Holdings as of 2026-02-28 per the fund's most recent SEC N-PORT-P filing. Top 10 holdings make up 71.2% 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 (24.3% 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: 4.65% (as of 2026-07-27) — 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): 18.67 (as of 2026-07-27) — 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 2026-06-01) — 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 $1.72B 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