TAN vs. QCLN ETF Comparison
Comparison of Invesco Solar ETF (TAN) to First Trust NASDAQ Clean Edge Green Energy Index Fund (QCLN)
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
$39.52
Average Daily Volume
1,211,728
18
QCLN
First Trust NASDAQ Clean Edge Green Energy Index Fund
QCLN Description
The investment seeks investment results that correspond generally to the price and yield (before the fund's fees and expenses) of an equity index called the NASDAQ(R) Clean Edge(R) Green Energy Index(SM). The fund will normally invest at least 90% of its net assets plus the amount of any borrowings for investment purposes in common stocks that comprise the index. The index is a modified market capitalization-weighted index in which larger companies receive a larger Index weighting and includes caps to prevent high concentrations among larger alternative energy stocks. The fund is non-diversified.Grade (RS Rating)
Last Trade
$30.53
Average Daily Volume
200,881
49
Performance
| Period | TAN | QCLN |
|---|---|---|
| 30 Days | -7.78% | -5.68% |
| 60 Days | -15.28% | -17.06% |
| 90 Days | -7.46% | -11.85% |
| 12 Months | -48.91% | -37.19% |
14 Overlapping Holdings
| Symbol | Grade | Weight in TAN | Weight in QCLN | Overlap | |
|---|---|---|---|---|---|
| AMPS | F | 0.68% | 0.36% | 0.36% | |
| ARRY | F | 3.98% | 1.08% | 1.08% | |
| AY | B | 1.35% | 1.08% | 1.08% | |
| CWEN | B | 1.92% | 0.96% | 0.96% | |
| ENPH | F | 9.42% | 7.78% | 7.78% | |
| FSLR | A | 11.78% | 9.69% | 9.69% | |
| HASI | B | 4.91% | 1.49% | 1.49% | |
| MAXN | F | 0.27% | 0.06% | 0.06% | |
| NOVA | F | 1.48% | 0.3% | 0.3% | |
| RNW | D | 0.61% | 0.73% | 0.61% | |
| RUN | F | 4.38% | 1.35% | 1.35% | |
| SEDG | F | 5.66% | 2.02% | 2.02% | |
| SHLS | F | 3.07% | 0.86% | 0.86% | |
| SPWR | F | 0.59% | 0.22% | 0.22% |
TAN Underweight 35 Positions Relative to QCLN
| Symbol | Grade | Weight | |
|---|---|---|---|
| ALB | D | -7.34% | |
| ON | F | -7.25% | |
| TSLA | F | -7.03% | |
| AYI | B | -4.1% | |
| OLED | D | -3.88% | |
| RIVN | F | -3.75% | |
| LCID | F | -3.05% | |
| ALGM | F | -2.61% | |
| ITRI | A | -2.06% | |
| POWI | F | -1.97% | |
| ORA | D | -1.95% | |
| ENS | D | -1.83% | |
| AEIS | D | -1.8% | |
| WOLF | F | -1.72% | |
| MP | B | -1.55% | |
| NEP | F | -1.33% | |
| BE | D | -1.29% | |
| SQM | D | -1.18% | |
| FLNC | F | -1.06% | |
| PLUG | F | -1.05% | |
| VICR | F | -0.61% | |
| ASPN | D | -0.58% | |
| AMRC | F | -0.4% | |
| CHPT | F | -0.35% | |
| MNTK | F | -0.31% | |
| LNZA | F | -0.31% | |
| CLNE | F | -0.28% | |
| FCEL | F | -0.26% | |
| AMSC | D | -0.23% | |
| LYTS | D | -0.21% | |
| STEM | F | -0.15% | |
| WBX | F | -0.14% | |
| LEV | F | -0.14% | |
| BLNK | F | -0.13% | |
| PSNY | F | -0.11% |
TAN: Top Represented Industries & Keywords
QCLN: Top Represented Industries & Keywords
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