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 Technology. CNRG is less expensive with a Total Expense Ratio (TER) of 0.45%, versus 0.63% for PBW. CNRG is down -12.18% year-to-date (YTD) with +$2M in YTD flows. PBW performs worse with -13.51% YTD performance, and -$326M 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 10/28/2026
| 1M | 3M | YTD | 1Y | 3Y | 5Y | ||
|---|---|---|---|---|---|---|---|
| Perf. | CNRG PBW | -5.13%-10.03% | -11.72%-15.46% | -12.18%-13.51% | -18.15%-18.64% | +37.76%+12.39% | -22.99%-66.42% |
| Flows | CNRG PBW | -$5M-$3M | -$8M-$22M | +$2M-$326M | +$6M-$208M | -$96M-$145M | -$86M-$412M |
Volatility and drawdown
| 3M | 1Y | 3Y | 5Y | ||
|---|---|---|---|---|---|
| Volatility | CNRG PBW | +34.70%+37.34% | +39.34%+42.29% | +35.79%+41.34% | +35.12%+43.37% |
| Max drawdown | CNRG PBW | -22.92%-29.69% | -39.89%-47.24% | -39.89%-54.99% | -59.07%-84.50% |
| Max drawdown duration | CNRG PBW | 85d73d | 148d148d | 148d644d | 1645d1815d |
Trading data
CNRG | PBW | |
Last sale 10/29/2026 at 1:30 PM | $78.59 | $26.04 |
| Previous close 10/28/2026 | $78.11 | $26.05 |
| Consolidated volume 10/28/2026 | ||
| Average volume 30 days | ||
| Average discount or premium 30 days | ||
| Average Bid/Ask spread 30 days |
Replication quality
Data as of September 30, 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 10/29/2026 at 1:30 PM
Live
Closed
CNRG | PBW | |
|---|---|---|
| Last price | $78.59 | $26.04 |
| 1D performance | +0.62% | -0.04% |
| AuM | $162.15 M | $298.62 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 | 39 | 71 |
| 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
72.69%
Canada
7.93%
Other
19.37%
PBW
USA
76.66%
Other
23.34%
Sectors
CNRG
Industrials
43.69%
Utilities
31.13%
Non-Energy Materi.
12.05%
Other
13.13%
PBW
Industrials
42.5%
Non-Energy Materi.
25.6%
Technology
11.01%
Consumer Cyclical.
10.6%
Other
10.28%
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Diversification
CNRG
Total weight of top 15 holdings out of 15
49.38%
PBW
Total weight of top 15 holdings out of 15
30.12%
Top 15 holdings
Data as of August 31, 2026
CNRG
Arcosa, Inc.
4.07%
Constellation Energy Corp.
3.90%
FuelCell Energy, Inc.
3.66%
GE Vernova, Inc.
3.56%
The AES Corp.
3.47%
Companhia Energética de Minas Gerais SA
3.40%
TransAlta Corp.
3.33%
NextEra Energy, Inc.
3.33%
Daqo New Energy Corp.
3.07%
Bloom Energy Corp.
3.03%
Avista Corp.
3.02%
Enlight Renewable Energy Ltd.
3.00%
Ameresco, Inc.
2.96%
First Solar, Inc.
2.79%
Canadian Solar, Inc.
2.79%
PBW
BETA Technologies, Inc.
2.54%
OPAL Fuels, Inc.
2.18%
Itron, Inc.
2.16%
Gevo, Inc.
2.15%
Cadeler A/S
2.15%
Darling Ingredients, Inc.
2.10%
Gentherm, Inc.
2.08%
Archer Aviation, Inc.
1.99%
Rivian Automotive, Inc.
1.97%
Lifezone Metals Ltd.
1.88%
Preformed Line Products Co.
1.86%
Sociedad Quimica y Minera de Chile SA
1.85%
MP Materials Corp.
1.78%
Sigma Lithium Corp.
1.72%
REX American Resources Corp.
1.70%
Frequently asked questions about CNRG and PBW
How have the CNRG and PBW ETFs performed in 2026?
As of October 28, 2026, CNRG is down -12.18% year-to-date (YTD), while PBW has lost -13.51%. That puts CNRG better performer ahead so far this year.
Which ETF is attracting more investor money: CNRG or PBW?
Year-to-date, the CNRG ETF saw +$2M in flows, compared to -$326M for PBW.
Which ETF is more volatile: CNRG or PBW?
Over the past year, CNRG had a volatility of 39.34%, while PBW experienced 42.29%.
Which ETF is bigger: CNRG or PBW?
As of October 28, 2026, CNRG holds $162.15 M in assets under management (AUM), while PBW manages $298.62 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 Technology.
What are the top holdings of the CNRG ETF and PBW ETF?
CNRG top holdings include Arcosa, Inc., Constellation Energy Corp. and FuelCell Energy, Inc.. PBW holds in its top three: BETA Technologies, Inc., OPAL Fuels, Inc. and Itron, Inc..
Which ETF is more diversified: CNRG or PBW?
CNRG holds 39 securities with 49.38% of its assets in the top 15. PBW has 71 securities and a top 15 weight of 30.12%.
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Latest news about CNRG & PBW
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