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ETFs

Invesco Solar ETF

TAN
$--
Today’s Change
-- (--)

Snapshot
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Inception Date
Apr 15, 2008
Expense Ratio
0.69%
Type
Global Equities
Fund Owner
Invesco
Volume (1m avg. daily)
$33,829,257
AUM
$1,494,741,790
Associated Index
MAC Global Solar Energy Index
Inverse/Leveraged
No
Passive/Active
Passive
Fractionable on Composer
Yes
Prospectus
View

Top 10 Holdings

ENPH
Enphase Energy Inc
10.47%
SEDG
Solaredge Technologies Inc
9.49%
FSLR
First Solar Inc
9.31%
ARRY
Array Technologies Inc
5.46%
968
Xinyi Solar Holdings Limited
5.32%
SHLS
Shoals Technologies Group Inc - Ordinary Shares - Class A
5.19%
3800
GCL Technology Holdings Limited
5.18%
RUN
Sunrun Inc
4.87%
HASI
Hannon Armstrong Sustainable Infrastructure capital Inc
3.77%
DQ
Daqo New Energy Corp - ADR
3.05%
Invest with TAN

What is TAN?

The Invesco Solar ETF (Fund) is based on the MAC Global Solar Energy Index (Index). The Fund will invest at least 90% of its total assets in stock, American depositary receipts (ADRs) and global depositary receipts (GDRs) that comprise the Index. The Index is comprised of companies in the solar energy industry. The index is computed using the net return, which withholds applicable taxes for non-resident investors. The Fund and the Index are rebalanced quarterly.

ETFs related toTAN

ETFs correlated to TAN include ICLN, CNRG, ACES

TAN
Invesco Capital Management LLC - Invesco Solar ETF
ICLN
BlackRock Institutional Trust Company N.A. - iShares Global Clean Energy ETF
CNRG
SPDR Series Trust - SPDR S&P Kensho Clean Power ETF
ACES
ALPS Fund Services - ALPS Clean Energy ETF
ERTH
Invesco Capital Management LLC - Invesco MSCI Sustainable Future ETF
QCLN
First Trust Exchange-Traded Fund III - First Trust Nasdaq Clean Edge Green Energy Index Fund
PBW
Invesco Capital Management LLC - Invesco WilderHill Clean Energy ETF
GRID
First Trust Exchange-Traded Fund III - First Trust NASDAQ Clean Edge Smart Grid Infrastructure Index Fund
KOMP
SPDR Series Trust - SPDR S&P Kensho New Economies Composite ETF
QQQJ
Invesco Exchange-Traded Fund Trust II - Invesco NASDAQ Next Gen 100 ETF
XT
BlackRock Institutional Trust Company N.A. - iShares Exponential Technologies ETF

What is ETF correlation?

Correlation is a measure of the strength of the relationship between two ETFs. It quantifies the degree to which prices of the two ETFs typically move together.

Here, correlation is measured over the past year with the Pearson correlation coefficient (Pearon’s r), which ranges from -1 to 1.

Using ETF correlations in portfolio and strategy construction

ETF correlations can help you create investing strategies and portfolios. Use them to:

  • •Build a diversified portfolio from uncorrelated or inversely correlated ETFs with the aim of minimizing portfolio risk.
  • •Compare correlated or related ETFs to find one with a lower expense ratio or higher trading volume.
  • •Create an investing strategy that hedges an ETF with an uncorrelated or inversely correlated ETF.

FAQ

TAN is a Global Equities ETF. The Invesco Solar ETF (Fund) is based on the MAC Global Solar Energy Index (Index). The Fund will invest at least 90% of its total assets in stock, American depositary receipts (ADRs) and global depositary receipts (GDRs) that comprise the Index. The Index is comprised of companies in the solar energy industry. The index is computed using the net return, which withholds applicable taxes for non-resident investors. The Fund and the Index are rebalanced quarterly.

TAN tracks the MAC Global Solar Energy Index.

No, TAN is not actively managed. It is passively managed. In an actively managed fund, the fund manager makes decisions about how funds are invested. A passively managed fund typically tries to track or follow a market index.

Yes, TAN is passively managed. A passively managed fund typically tries to track or follow a market index. In an actively managed fund, the fund manager makes decisions about how funds are invested.

The 1-month return on TAN is -0.0528%. This is the percent change in the value of TAN over the most recent 1-month period. The 3-month return on TAN is -0.2315%. This is the percent change in the value of TAN over the most recent 3-month period.

The standard deviation of TAN for the past year is 0.3382%. Standard deviation is the typical amount that the daily returns vary from the mean of the returns over the time period, standardized to a period of a year.

ETFs similar to TAN include IGF, EFAV, and ARKK.

ETFs correlated to TAN include ICLN, CNRG, and ACES.

ETFs that are inversely correlated to TAN include HIBS, SRTY, and TZA.

Disclaimers

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We show information directly obtained from our data provider, Xignite. Data shown here is provided by Xignite, an unaffiliated third party. Composer believes the information shown here is reliable, but has not been verified and there is no guarantee that the information is accurate.

**

We show information based on calculations performed by Composer using data from our provider. Information provided here is based on calculations performed by Composer using data sourced from Xignite, an unaffiliated third party. Composer believes this information is reliable, but has not verified the data and there is no guarantee that the calculations are accurate.