CNRGvsPBWETF Comparison
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State Street SPDR S&P Kensho Clean Power ETF (CNRG) and Invesco WilderHill Clean Energy ETF (PBW) belong to the same industry segment: Alternative Energy. CNRG's top 3 sector exposures are Industrials, Utilities and Non-Energy Materials. In contrast, PBW's top sector exposures are Industrials, Non-Energy Materials and Consumer Cyclicals. CNRG is less expensive with a Total Expense Ratio (TER) of 0.45%, versus 0.63% for PBW. CNRG is down -0.51% year-to-date (YTD) with +$8M in YTD flows. PBW performs better with 2.23% YTD performance, and -$310M in YTD flows. Run a side-by-side ETF comparison of CNRG and PBW below, and assess how they stack up in performance, liquidity, risk, exposure, holdings, and more, helping you select the best ETF for your investments.
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CNRG vs PBW performance and flow charts
Performance
Cumulative Flows
Historic performance and flows
Data as of 09/11/2026
| 1M | 3M | YTD | 1Y | 3Y | 5Y | ||
|---|---|---|---|---|---|---|---|
| Perf. | CNRG PBW | -6.51%-11.16% | -17.51%-21.32% | -0.51%+2.23% | +18.99%+24.42% | +26.28%-6.47% | -3.08%-56.68% |
| Flows | CNRG PBW | -$2M-$30M | -$7M-$85M | +$8M-$310M | +$13M-$113M | -$103M-$138M | -$77M-$392M |
Volatility and drawdown
| 3M | 1Y | 3Y | 5Y | ||
|---|---|---|---|---|---|
| Volatility | CNRG PBW | +39.33%+41.35% | +40.59%+43.78% | +35.71%+41.49% | +35.02%+43.41% |
| Max drawdown | CNRG PBW | -25.48%-27.66% | -31.54%-36.09% | -39.83%-60.67% | -59.07%-84.50% |
| Max drawdown duration | CNRG PBW | 81d82d | 101d101d | 707d760d | 1645d1768d |
Trading data
CNRG | PBW | |
Last sale 9/14/2026 at 1:30 PM | $86.21 | $30.40 |
| Previous close 09/11/2026 | $88.89 | $31.10 |
| Consolidated volume 09/11/2026 | ||
| Average volume 30 days | ||
| Average discount or premium 30 days | ||
| Average Bid/Ask spread 30 days |
Replication quality
Data as of August 31, 2026
1-year trailing difference
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CNRG | PBW | |
|---|---|---|
| Tracking error | ||
| Tracking difference | ||
| 1 year cumulative return difference | ||
| Best | ||
| Worst | ||
| Daily return difference | ||
| Average | ||
| Worst | ||
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Main metrics
Last update 9/14/2026 at 1:30 PM
Live
Closed
CNRG | PBW | |
|---|---|---|
| Last price | $86.21 | $30.40 |
| 1D performance | -3.02% | -2.25% |
| AuM | $191.56 M | $372.60 M |
| E/R | 0.45% | 0.63% |
Characteristics
CNRG | PBW | |
|---|---|---|
| Management strategy | Passive | Passive |
| Provider | State Street Investment Management | Invesco |
| Benchmark | S&P Kensho Clean Power Index | WilderHill Clean Energy Index |
| N° of holdings | 40 | 72 |
| Asset class | Equities | Equities |
| Trailing 12m distribution yield | Join | Join |
| Inception date | October 22, 2018 | March 3, 2005 |
| ESG | Yes | Yes |
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Exposure
Countries
CNRG
USA
69.34%
Canada
8.25%
Other
22.42%
PBW
USA
74.67%
Other
25.33%
Sectors
CNRG
Industrials
43.9%
Utilities
32.93%
Non-Energy Materi.
10.79%
Other
12.38%
PBW
Industrials
41.3%
Non-Energy Materi.
22.94%
Consumer Cyclical.
11.97%
Technology
11.23%
Utilities
7.2%
Other
5.36%
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Diversification
CNRG
Total weight of top 15 holdings out of 15
48.96%
PBW
Total weight of top 15 holdings out of 15
30.06%
Top 15 holdings
Data as of July 31, 2026
CNRG
FuelCell Energy, Inc.
4.21%
Arcosa, Inc.
3.73%
GE Vernova, Inc.
3.60%
Constellation Energy Corp.
3.43%
AXIA Energia SA
3.40%
Companhia Energética de Minas Gerais SA
3.38%
NextEra Energy, Inc.
3.23%
TransAlta Corp.
3.19%
The AES Corp.
3.17%
Canadian Solar, Inc.
3.13%
Avista Corp.
3.02%
Shoals Technologies Group, Inc.
2.99%
Enlight Renewable Energy Ltd.
2.97%
Bloom Energy Corp.
2.78%
JinkoSolar Holding Co., Ltd.
2.74%
PBW
Itron, Inc.
2.40%
Gentherm, Inc.
2.39%
OPAL Fuels, Inc.
2.27%
Darling Ingredients, Inc.
2.17%
BETA Technologies, Inc.
2.12%
Rivian Automotive, Inc.
2.07%
AXIA Energia SA
2.01%
Gevo, Inc.
2.01%
Cadeler A/S
1.92%
REX American Resources Corp.
1.89%
XPeng, Inc.
1.88%
NIO, Inc.
1.81%
Canadian Solar, Inc.
1.77%
Universal Display Corp.
1.68%
Sociedad Quimica y Minera de Chile SA
1.68%
Frequently asked questions about CNRG and PBW
How have the CNRG and PBW ETFs performed in 2026?
As of September 11, 2026, CNRG is down -0.51% year-to-date (YTD), while PBW has returned 2.23%. That puts PBW better performer ahead so far this year.
Which ETF is attracting more investor money: CNRG or PBW?
Year-to-date, the CNRG ETF saw +$8M in flows, compared to -$310M for PBW.
Which ETF is more volatile: CNRG or PBW?
Over the past year, CNRG had a volatility of 40.59%, while PBW experienced 43.78%.
Which ETF is bigger: CNRG or PBW?
As of September 11, 2026, CNRG holds $191.56 M in assets under management (AUM), while PBW manages $372.60 M.
What sectors do the CNRG and PBW ETFs invest in?
CNRG leans toward sectors like Industrials, Utilities and Non-Energy Materials. Meanwhile, PBW focuses on Industrials, Non-Energy Materials and Consumer Cyclicals.
What are the top holdings of the CNRG ETF and PBW ETF?
CNRG top holdings include FuelCell Energy, Inc., Arcosa, Inc. and GE Vernova, Inc.. PBW holds in its top three: Itron, Inc., Gentherm, Inc. and OPAL Fuels, Inc..
Which ETF is more diversified: CNRG or PBW?
CNRG holds 40 securities with 48.96% of its assets in the top 15. PBW has 72 securities and a top 15 weight of 30.06%.
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Latest news about CNRG & PBW
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August 21, 2023
PBW
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