VCLN vs. TAN ETF Comparison

Comparison of Virtus Duff & Phelps Clean Energy ETF (VCLN) to Invesco Solar ETF (TAN)

VCLN

Virtus Duff & Phelps Clean Energy ETF

VCLN Description

The investment seeks capital appreciation. Under normal market conditions, the fund will invest not less than 80% of its net assets (plus the amount of any borrowings for investment purposes) in equity securities of clean energy companies. The sub-adviser defines clean energy companies as those that derive at least 50% of their value from one or more of the following clean energy businesses: (a) the production of clean energy; (b) the provision of clean energy technology and equipment; or (c) the transmission and distribution of clean energy. It is non-diversified.

Grade (RS Rating)

Last Trade

$17.87

Average Daily Volume

642

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

$34.64

Average Daily Volume

1,200,240

Number of Holdings ^*

* may have additional holdings in another (foreign) market

Performance

Period	VCLN	TAN
30 Days	-1.81%	-6.48%
60 Days	-8.86%	-15.39%
90 Days	-5.95%	-17.86%
12 Months	7.72%	-24.72%

4 Overlapping Holdings

Symbol	Grade	Weight in VCLN	Weight in TAN	Overlap
CWEN	C	2.56%	3.13%	2.56%
ENPH	F	3.94%	6.71%	3.94%
FSLR	F	7.72%	9.4%	7.72%
RUN	F	0.92%	4.12%	0.92%

VCLN Overweight 16 Positions Relative to TAN

Symbol	Grade	Weight
NEE	D	2.47%
BE	B	2.28%
DTM	B	2.1%
XYL	D	1.75%
GEV	B	1.75%
SO	D	1.71%
AGX	B	1.66%
FLNC	C	1.63%
ABBV	D	1.55%
AES	F	1.33%
MP	B	1.33%
LNG	B	1.06%
NVT	B	0.91%
CEG	D	0.89%
HUBB	B	0.86%
PLUG	F	0.52%

VCLN Underweight 12 Positions Relative to TAN

Symbol	Grade	Weight
HASI	D	-3.52%
JKS	F	-2.94%
DQ	F	-2.91%
ARRY	C	-2.64%
AY	B	-2.4%
SEDG	F	-2.0%
SHLS	F	-1.91%
CSIQ	F	-1.86%
NOVA	F	-1.21%
AMPS	C	-1.14%
RNW	D	-0.99%
RENB	F	-0.66%