TAN vs XSD overlap - what they share and where they differ

TAN and XSD share 2.0% of their weight across 1 common positions, read from what each fund reported to the SEC.

Each week Ploutos reads the reported positions of the largest US equity ETFs and measures, pair by pair, the weight they share: for every stock both funds hold, the smaller of the two weights counts. Two funds tracking the same index land near 100%. A sector fund inside a broad index fund lands at roughly that sector's weight.

TAN and XSD

2.0%

1 shared positions

TAN

Invesco Solar ETF

Reported positions cover 100% of the fund, 31 positions · May 31, 2026

Top 10: 65.2%·Holdings of TAN

XSD

State Street(R) SPDR(R) S&P(R) Semiconductor ETF

Reported positions cover 100% of the fund, 47 positions · Jun 30, 2026

Top 10: 29.0%·Holdings of XSD

Reported positions cover TAN 100%, XSD 100% of each fund. An overlap cannot exceed the smaller coverage, so a low figure can mean little overlap or thin reporting.

XSD vs TAN side by side

TANInvesco Solar ETF

31

stock positions reported to the SEC

88.3% of its weight is in 30 names XSD does not hold

XSDState Street(R) SPDR(R) S&P(R) Semiconductor ETF

47

stock positions reported to the SEC

98.0% of its weight is in 46 names TAN does not hold

Where each fund's weight sits

TAN
XSD
shared with the other fundheld alonenot covered by the filing (cash, futures, bonds)

Largest sectors for both funds

Technology
51.4%
96.6%
Utilities
11.1%
0.0%
Real Estate
3.5%
0.0%

The widest gap is Technology: XSD has 45.2 points more of it.

The figures side by side

TANXSD
Filing dateMay 31, 2026Jun 30, 2026
Stock positions reported3147
Weight of the ten largest65.2%29.0%
Largest positionFSLR 11.7%MXL 3.8%
Held alone30 positions, 88.3%46 positions, 98.0%
Covered by stock positions100%100%

Holdings they share

StockIn TANIn XSDCounted
FSLRFirst Solar, Inc.11.74%1.99%1.99%

What each holds alone

The heaviest positions one fund reports and the other does not.

Only in TAN

NXTNextpower Inc.9.81%
ENPHEnphase Energy, Inc.8.75%
ENLTEnlight Renewable Energy Ltd.7.58%
SEDGSolarEdge Technologies, Inc.6.32%
DORAL GROUP RENEWABLE ENERGY RESOURCES LTD.5.09%
RUNSunrun Inc.4.83%
O.Y. NOFAR ENERGY LTD.4.22%
HASIHA Sustainable Infrastructure Capital, Inc.3.46%
SHLSShoals Technologies Group, Inc.3.39%
SOLARIA ENERGIA Y MEDIO AMBIENTE, S.A.3.07%

Only in XSD

MXLMaxLinear Inc3.75%
ALGMAllegro MicroSystems Inc3.29%
ALABAstera Labs Inc3.08%
AMBAAmbarella Inc2.89%
INTCIntel Corp2.75%
PENGPenguin Solutions Inc2.74%
MUMicron Technology Inc2.73%
AMDAdvanced Micro Devices Inc2.71%
TET1 Energy Inc2.59%
MRVLMarvell Technology Inc2.49%

Questions people ask

Is TAN the same as XSD?

2.0% of their weight sits in the same 1 holdings. TAN also reports NXT, ENPH, ENLT, which the other does not. XSD also reports MXL, ALGM, ALAB, which the other does not.

How is the overlap between TAN and XSD measured?

For every stock both funds report, the smaller of the two weights counts, and the sum is the overlap. The reported positions cover 100% of TAN and 100% of XSD, so the number cannot exceed the smaller coverage.

Which holds more, XSD or TAN?

TAN reports 31 stock positions and XSD reports 47. 88.3% of TAN's weight sits in names XSD does not hold, and 98.0% of XSD's weight in names TAN does not hold. The ten largest positions are 65.2% of TAN and 29.0% of XSD.

How do TAN and XSD differ by sector?

The widest gap is Technology: XSD has 45.2 points more of it. Sectors come from each holding's SIC code in its SEC record, summed by the weight the fund reports.

Where do the numbers come from?

From each fund's own N-PORT filing to the SEC, which lists every position and its weight. The comparison uses every equity position the fund reports; cash, futures and bonds are not counted, which is why a coverage figure sits next to every result. Holdings change between filings.

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Descriptive data from public SEC filings. Nothing on this page is a recommendation to buy, sell or hold any fund or stock, and holdings change between filings.