TAN vs VOO
Invesco Solar ETF vs Vanguard S&P 500 ETF
Quick Verdict
VOO has a lower expense ratio. TAN delivered stronger 1-year returns. VOO offers more diversification with 505 holdings.
Side-by-Side Comparison
| Metric | TAN | VOO | Winner |
|---|---|---|---|
| Expense Ratio | 0.70% | 0.03% | |
| AUM | $1.5B | $979.0B | |
| Dividend Yield | 0.00% | 1.09% | |
| Holdings | 42 | 509 | |
| YTD Return | +2.13% | +13.44% | |
| 1Y Return | +43.99% | +22.62% | |
| 3Y Return (annualized) | -5.27% | +21.47% | |
| 5Y Return (annualized) | -9.29% | +13.27% | |
| Volatility (annualized) | 43.7% | 14.1% | |
| Max Drawdown | -95.3% | -34.3% | |
| Fund Family | Invesco (US) | Vanguard (US) | |
| Category | Equity | Equity | |
| Inception | Apr 15, 2008 | Sep 7, 2010 |
TAN vs VOO Performance
Invesco Solar ETF (TAN) is a ETF from Invesco (US) and Vanguard S&P 500 ETF (VOO) is a ETF from Vanguard (US). Over the past year TAN returned +43.99% while VOO returned +22.62%. Year to date, TAN is up 2.13% versus a gain of 13.44% for VOO.
Over three years, TAN compounded at -5.27% per year against +21.47% for VOO; over five years the annualized figures are -9.29% and +13.27% respectively. Across the full 16-year window we track, VOO has the edge at +13.55% annualized vs -6.83%. Past performance does not guarantee future results.
Risk: Volatility and Drawdowns
TAN has been the more volatile fund, with annualized monthly volatility of 43.7% compared with 14.1% for VOO. Lower volatility generally means a smoother ride, though it often comes with lower long-run returns.
The deepest peak-to-trough decline in our data was -95.3% for TAN and -34.3% for VOO. Drawdown depth is worth weighing if you expect to sell during market stress rather than ride it out.
The two funds' monthly returns correlate at 0.54. They move independently enough that combining them can meaningfully diversify a portfolio.
Fees and Cost Over Time
TAN charges 0.70% per year while VOO charges 0.03%. On a $10,000 position that is $70 vs $3 annually, a gap of $67 per year that compounds over a long holding period. On income, TAN currently yields 0.00% against 1.09% for VOO.
Holdings Overlap
TAN and VOO share 1 holdings out of 539 unique holdings combined, representing a 0.0% weight overlap.
Moderate overlap means holding both could provide meaningful diversification benefits.
Top Shared Holdings
| Stock | Weight in TAN | Weight in VOO | Difference |
|---|---|---|---|
| FSLR | 9.42% | 0.04% | 9.38% |
Frequently Asked Questions
Which is cheaper, TAN or VOO?
TAN has an expense ratio of 0.70% while VOO charges 0.03%. VOO is the cheaper option. On a $10,000 investment, that is $67 per year of difference.
Which performed better, TAN or VOO?
Over the past year TAN returned +43.99% vs +22.62% for VOO, so TAN leads on 1-year performance. Over the longest common window we track (16 years), TAN annualized -6.83% vs +13.55% for VOO. Past performance does not guarantee future results.
Which is riskier, TAN or VOO?
TAN has been the more volatile fund at 43.7% annualized versus 14.1% for VOO. Worst drawdown: TAN -95.3% vs VOO -34.3%.
Should I hold both TAN and VOO?
TAN and VOO have a monthly-return correlation of 0.54, so combining them can provide real diversification depending on your allocation goals.
What is the holdings overlap between TAN and VOO?
TAN and VOO share 1 common holdings with a 0.0% weight overlap. Combined, they hold 539 unique securities.
Which pays a higher dividend, TAN or VOO?
TAN yields 0.00% while VOO yields 1.09%, so VOO currently pays the higher dividend yield.
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