TAN vs. RAYS ETF Comparison

Comparison of Invesco Solar ETF (TAN) to Global X Solar ETF (RAYS)

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

$40.30

Average Daily Volume

1,154,119

Number of Holdings ^*

* may have additional holdings in another (foreign) market

RAYS

Global X Solar ETF

RAYS Description

The Global X Solar ETF seeks to invest in companies positioned to benefit from the advancement of the global solar technology industry. This includes companies involved in solar power production; the integration of solar into energy systems; and the development/manufacturing of solar-powered generators, engines, batteries, and other technologies related to the utilization of solar as an energy source.

Grade (RS Rating)

Last Trade

$10.85

Average Daily Volume

5,663

Number of Holdings ^*

* may have additional holdings in another (foreign) market

Performance

Period	TAN	RAYS
30 Days	-10.58%	-9.51%
60 Days	-8.78%	-7.58%
90 Days	-7.19%	-2.43%
12 Months	-41.38%	-41.12%

12 Overlapping Holdings

Symbol	Grade	Weight in TAN	Weight in RAYS	Overlap
AMPS	D	0.6%	0.4%	0.4%
ARRY	F	3.7%	2.59%	2.59%
AY	A	1.61%	1.72%	1.61%
CSIQ	F	1.68%	0.98%	0.98%
ENPH	F	9.44%	10.78%	9.44%
FSLR	A	12.37%	10.47%	10.47%
MAXN	F	0.22%	0.12%	0.12%
NOVA	F	1.25%	0.51%	0.51%
RUN	F	3.84%	2.46%	2.46%
SEDG	F	5.04%	3.83%	3.83%
SHLS	F	2.78%	1.74%	1.74%
SPWR	F	0.48%	0.21%	0.21%

TAN Overweight 6 Positions Relative to RAYS

Symbol	Grade	Weight
HASI	D	5.23%
DQ	F	2.3%
CWEN	A	2.13%
JKS	D	1.99%
RNW	D	0.66%
RENB	F	0.62%

TAN Underweight 0 Positions Relative to RAYS

	Symbol	Grade	Weight