Invesco Solar ETF (TAN) Performance
TAN total return
Distributions reinvested · as of Oct 23, 2026- YTD
- −16.4% since Dec 31, 2025
- 1 year
- −11.7% total return
- 5 years
- −14.1% a year
- 10 years
- +8.0% a year
- Since first price
- −8.0% a year since 2008
TAN trailing returns vs SPY, QQQ, AGG
| Period | TAN total return | Price only | S&P 500 (SPY) | Nasdaq-100 (QQQ) | U.S. bonds (AGG) |
|---|---|---|---|---|---|
| 1 month | −8.8% | −8.8% | −1.0% | −5.0% | +0.9% |
| 3 months | −22.3% | −22.3% | +3.2% | +1.9% | −0.4% |
| 6 months | −29.9% | −29.9% | +7.8% | +8.4% | −1.5% |
| YTD | −16.4% | −16.4% | +12.3% | +15.1% | −1.0% |
| 1 year | −11.7% | −11.7% | +14.4% | +15.9% | −1.1% |
| 3 years | −5.4%−1.8%/yr | −6.0% | +87.4%+23.3%/yr | +101.4%+26.3%/yr | +16.6%+5.2%/yr |
| 5 years | −53.3%−14.1%/yr | −53.6% | +79.3%+12.4%/yr | +94.0%+14.2%/yr | −0.8%−0.2%/yr |
| 10 years | +116.8%+8.0%/yr | +99.6% | +315.9%+15.3%/yr | +538.9%+20.4%/yr | +14.0%+1.3%/yr |
| 15 years | +69.7%+3.6%/yr | +26.0% | +696.0%+14.8%/yr | +1,299.3%+19.2%/yr | +32.2%+1.9%/yr |
| Since inceptionApr 15, 2008 | −78.6%−8.0%/yr | −84.2% | — | — | — |
Total return from adjusted closes (distributions reinvested, before tax). Periods of 3 years or more are also shown annualized. Price only excludes distributions.
Growth of $10,000: TAN vs SPY
From Apr 15, 2008: TAN grew to $2,142, SPY to $79,884.
Year-end values with distributions reinvested, no taxes or trading costs. Start: first common trading day of both funds.
TAN returns by calendar year
6 of 17 full years positive. Best 2020 (+234.0%), worst 2011 (−63.4%). 2026 is year to date.
TAN annual returns table
| Year | TAN | Largest drop | SPY | QQQ | AGG |
|---|---|---|---|---|---|
| 2026YTD | −16.4% | −44.4% | +12.3% | +15.1% | −1.0% |
| 2025 | +48.3% | −28.9% | +17.7% | +20.8% | +7.2% |
| 2024 | −37.6% | −37.5% | +24.9% | +25.6% | +1.3% |
| 2023 | −26.8% | −50.4% | +26.2% | +54.9% | +5.7% |
| 2022 | −5.2% | −28.0% | −18.2% | −32.6% | −13.0% |
| 2021 | −25.1% | −43.3% | +28.7% | +27.4% | −1.8% |
| 2020 | +234.0% | −46.9% | +18.3% | +48.6% | +7.5% |
| 2019 | +66.5% | −15.4% | +31.2% | +39.0% | +8.5% |
| 2018 | −25.7% | −34.3% | −4.6% | −0.1% | +0.1% |
| 2017 | +54.4% | −10.8% | +21.7% | +32.7% | +3.6% |
| 2016 | −43.2% | −44.4% | +12.0% | +7.1% | +2.4% |
| 2015 | −8.7% | −49.2% | +1.2% | +9.4% | +0.5% |
| 2014 | −1.2% | −35.4% | +13.5% | +19.2% | +6.0% |
| 2013 | +127.9% | −26.5% | +32.3% | +36.6% | −2.0% |
| 2012 | −30.8% | −66.1% | +16.0% | +18.1% | +3.8% |
| 2011 | −63.4% | −71.8% | +1.9% | +3.4% | +7.7% |
| 2010 | −28.5% | −46.0% | +15.1% | +19.9% | +6.4% |
| 2009 | +16.9% | −50.9% | +26.4% | +54.7% | +3.0% |
Largest drop = deepest fall from a high within that calendar year.
Calendar-year return vs largest drop within the year
Most years include a sizable fall at some point even when the year ends higher.
TAN largest drawdowns
Now 81.1% below the high| Peak | Decline | Bottom | Recovered | Fall | Underwater |
|---|---|---|---|---|---|
| May 16, 2008 | −95.3% | Nov 20, 2012 | not yet | 4.5 years | 18.4 years so far |
Declines from a closing high (distributions reinvested) of 10% or more. Underwater = time from the peak until the old high was regained.
TAN risk statistics
| Statistic | 3 years | 5 years | 10 years | Since 2008 |
|---|---|---|---|---|
| Annualized return | −5.1% | −11.2% | +8.9% | −7.7% |
| Volatility (annualized) | 39.4% | 39.7% | 38.3% | 43.6% |
| Sharpe ratio | -0.05 | -0.19 | 0.35 | 0.01 |
| Sortino ratio | -0.07 | -0.27 | 0.56 | 0.02 |
| Best month | +26.6% | +26.6% | +26.6% | +29.7% |
| Worst month | −20.6% | −20.6% | −30.8% | −42.0% |
| Best 12 months | +128.5% | +128.5% | +264.1% | +264.1% |
| Worst 12 months | −37.6% | −47.5% | −47.5% | −74.6% |
| Positive months | 56% | 50% | 54% | 48% |
| Beta vs S&P 500 | 1.62 | 1.41 | 1.37 | — |
| Correlation with S&P 500 | 0.51 | 0.56 | 0.55 | — |
From monthly total returns. Sharpe and Sortino use 1–3 month T-bills (BIL) as the risk-free rate, so they need history from 2007 on.
TAN rolling returns
| Holding period | Periods | Worst | Median | Best | Positive |
|---|---|---|---|---|---|
| 1-year | 211 | −74.6% | −2.5% | +264.1% | 47% |
| 3-year (a year) | 187 | −44.9% | −9.1% | +75.6% | 41% |
| 5-year (a year) | 163 | −37.9% | −2.2% | +41.2% | 45% |
| 10-year (a year) | 103 | −19.8% | +2.8% | +21.9% | 68% |
Every holding period starting at a month-end since 2008. Returns for 3 years and longer are annualized.
TAN performance overview
Invesco Solar ETF (TAN) returned −11.7% over the past year and +8.0% a year over ten years, with distributions reinvested. Since its first recorded price in 2008 it has returned −8.0% a year, turning $10,000 into about $2,142. Over the same year S&P 500 (SPY) returned +14.4%.
The deepest decline was −95.3%, from May 16, 2008 to Nov 20, 2012; the fund has not yet regained that high. TAN finished 6 of its 17 full calendar years with a gain; the best year was 2020 (+234.0%) and the worst 2011 (−63.4%). Volatility has been 43.6% a year.
Related: TAN chart, TAN holdings. See the TAN overview for the latest quote and fund facts.
TAN performance FAQ
What is the TAN return over the past year?
TAN returned −11.7% over the 12 months to October 23, 2026, including reinvested distributions. On price alone it fell 11.7%.
What is the average annual return of TAN?
TAN has returned −14.1% a year over 5 years, +8.0% a year over 10 years, −8.0% a year since April 15, 2008 (total return, distributions reinvested).
How much would $10,000 invested in TAN be worth?
$10,000 invested in TAN at its first recorded close on April 15, 2008 would be worth about $2,142 on October 23, 2026 with distributions reinvested.
What was the worst year for TAN?
The worst calendar year was 2011, with a total return of −63.4%. The best was 2020 at +234.0%.
What is the biggest drawdown of TAN?
The largest peak-to-trough decline was −95.3% between May 16, 2008 and November 20, 2012. It has not yet recovered to that high; it is 81.1% below its peak.
How volatile is TAN?
Over the past 3 years TAN had an annualized volatility of 39.4% and a Sharpe ratio of -0.05 (excess return over 1–3 month T-bills per unit of risk).