XLE and TAN provide distinct energy sector exposure
The State Street Energy Select Sector SPDR ETF (XLE) tracks traditional fossil fuel giants and energy services within the S&P 500.
XLE has a lower expense ratio of 0.08% compared to the Invesco Solar ETF (TAN) at 0.7%.
The Invesco Solar ETF targets the specialized solar supply chain, providing high-conviction access to the solar industry.
XLE holds 21 companies, including Exxonmobil Holdings, Chevron, and ConocoPhillips, providing 100% exposure to the energy sector.