ACES vs. TAN ETF Comparison

Comparison of ALPS Clean Energy ETF (ACES) to Invesco Solar ETF (TAN)

ACES

ALPS Clean Energy ETF

ACES Description

The investment seeks investment results that correspond (before fees and expenses) generally to the performance of its underlying index, the CIBC Atlas Clean Energy Index (ticker symbol NACEX) (the "underlying index"). The fund will invest at least 80% of its net assets in securities that comprise the underlying index. The underlying index utilizes a rules-based methodology developed by CIBC National Trust Company (the "index provider"), which is designed to provide exposure to a diverse set of U.S. and Canadian companies involved in the clean energy sector including renewables and clean technology. The fund is non-diversified.

Grade (RS Rating)

Last Trade

$26.84

Average Daily Volume

125,147

Number of Holdings ^*

* may have additional holdings in another (foreign) market

TAN

Invesco Solar ETF

TAN Description

The investment seeks to track the investment results (before fees and expenses) of the MAC Global Solar Energy Index. The fund will generally invest at least 90% of its total assets in the securities (including American depositary receipts (?ADRs?)) that comprise the index. Strictly in accordance with its guidelines and mandated procedures, MAC Indexing LLC compiles, maintains, and calculates the index, which is designed to track the global solar energy equity sector. The fund is non-diversified.

Grade (RS Rating)

Last Trade

$34.33

Average Daily Volume

1,192,581

Number of Holdings ^*

* may have additional holdings in another (foreign) market

Performance

Period	ACES	TAN
30 Days	-4.62%	-7.91%
60 Days	-6.28%	-15.57%
90 Days	-8.93%	-18.59%
12 Months	-11.10%	-25.40%

8 Overlapping Holdings

Symbol	Grade	Weight in ACES	Weight in TAN	Overlap
ARRY	F	1.16%	3.08%	1.16%
CWEN	C	2.64%	2.99%	2.64%
ENPH	F	2.74%	6.55%	2.74%
FSLR	F	4.32%	9.67%	4.32%
HASI	D	3.76%	3.37%	3.37%
NOVA	F	0.5%	1.12%	0.5%
RUN	F	2.56%	4.29%	2.56%
SHLS	F	1.0%	2.2%	1.0%

ACES Overweight 20 Positions Relative to TAN

Symbol	Grade	Weight
TSLA	B	7.71%
ALB	B	6.6%
ITRI	C	6.19%
DAR	C	5.74%
ORA	B	5.4%
RIVN	F	3.95%
LCID	F	2.35%
PLUG	F	2.01%
ANDE	D	1.85%
NEP	F	1.81%
AMSC	B	1.62%
FLNC	D	1.55%
ASPN	F	1.44%
WOLF	F	1.28%
AMRC	D	1.03%
REX	D	0.89%
GPRE	F	0.85%
EOSE	D	0.61%
CLNE	F	0.59%
CHPT	F	0.54%

ACES Underweight 8 Positions Relative to TAN

Symbol	Grade	Weight
DQ	F	-2.83%
JKS	F	-2.72%
AY	A	-2.33%
SEDG	F	-2.3%
CSIQ	F	-1.81%
AMPS	C	-1.16%
RNW	D	-0.94%
RENB	F	-0.64%