PBWvsCNRGETF Comparison
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Invesco WilderHill Clean Energy ETF (PBW) and State Street SPDR S&P Kensho Clean Power ETF (CNRG) belong to the same industry segment: Alternative Energy. PBW's top 3 sector exposures are Industrials, Non-Energy Materials and Technology. In contrast, CNRG's top sector exposures are Industrials, Utilities and Non-Energy Materials. PBW is more expensive with a Total Expense Ratio (TER) of 0.63%, versus 0.45% for CNRG. PBW is down -18.46% year-to-date (YTD) with -$324M in YTD flows. CNRG performs better with -14.64% YTD performance, and +$2M in YTD flows. Run a side-by-side ETF comparison of PBW and CNRG 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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PBW vs CNRG performance and flow charts
Performance
Cumulative Flows
Historic performance and flows
Data as of 10/23/2026
| 1M | 3M | YTD | 1Y | 3Y | 5Y | ||
|---|---|---|---|---|---|---|---|
| Perf. | PBW CNRG | -19.32%-11.71% | -25.46%-20.75% | -18.46%-14.64% | -22.53%-17.58% | -0.07%+30.71% | -66.91%-21.93% |
| Flows | PBW CNRG | -$3M-$6M | -$33M-$8M | -$324M+$2M | -$217M+$7M | -$136M-$96M | -$401M-$86M |
Volatility and drawdown
| 3M | 1Y | 3Y | 5Y | ||
|---|---|---|---|---|---|
| Volatility | PBW CNRG | +37.23%+35.44% | +42.12%+39.39% | +41.22%+35.75% | +43.37%+35.12% |
| Max drawdown | PBW CNRG | -29.34%-22.16% | -46.97%-39.30% | -54.99%-39.30% | -84.50%-59.07% |
| Max drawdown duration | PBW CNRG | 68d80d | 143d143d | 644d143d | 1810d1645d |
Trading data
PBW | CNRG | |
Last sale 10/23/2026 at 1:30 PM | $24.56 | $75.96 |
| Previous close 10/22/2026 | $24.54 | $76.48 |
| Consolidated volume 10/22/2026 | ||
| 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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PBW | CNRG | |
|---|---|---|
| Tracking error | ||
| Tracking difference | ||
| 1 year cumulative return difference | ||
| Best | ||
| Worst | ||
| Daily return difference | ||
| Average | ||
| Worst | ||
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Main metrics
Last update 10/23/2026 at 1:30 PM
Live
Closed
PBW | CNRG | |
|---|---|---|
| Last price | $24.56 | $75.96 |
| 1D performance | +0.08% | -0.68% |
| AuM | $283.99 M | $157.61 M |
| E/R | 0.63% | 0.45% |
Characteristics
PBW | CNRG | |
|---|---|---|
| Management strategy | Passive | Passive |
| Provider | Invesco | State Street Investment Management |
| Benchmark | WilderHill Clean Energy Index | S&P Kensho Clean Power Index |
| N° of holdings | 71 | 39 |
| Asset class | Equities | Equities |
| Trailing 12m distribution yield | Join | Join |
| Inception date | March 3, 2005 | October 22, 2018 |
| ESG | Yes | Yes |
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Exposure
Countries
PBW
USA
76.66%
Other
23.34%
CNRG
USA
72.69%
Canada
7.93%
Other
19.37%
Sectors
PBW
Industrials
42.5%
Non-Energy Materi.
25.6%
Technology
11.01%
Consumer Cyclical.
10.61%
Other
10.28%
CNRG
Industrials
43.69%
Utilities
31.13%
Non-Energy Materi.
12.05%
Other
13.13%
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Diversification
PBW
Total weight of top 15 holdings out of 15
30.12%
CNRG
Total weight of top 15 holdings out of 15
49.38%
Top 15 holdings
Data as of August 31, 2026
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%
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%
Frequently asked questions about PBW and CNRG
How have the PBW and CNRG ETFs performed in 2026?
As of October 23, 2026, PBW is down -18.46% year-to-date (YTD), while CNRG has lost -14.64%. That puts CNRG better performer ahead so far this year.
Which ETF is attracting more investor money: PBW or CNRG?
Year-to-date, the PBW ETF saw -$324M in flows, compared to +$2M for CNRG.
Which ETF is more volatile: PBW or CNRG?
Over the past year, PBW had a volatility of 42.12%, while CNRG experienced 39.39%.
Which ETF is bigger: PBW or CNRG?
As of October 23, 2026, PBW holds $283.99 M in assets under management (AUM), while CNRG manages $157.61 M.
What sectors do the PBW and CNRG ETFs invest in?
PBW leans toward sectors like Industrials, Non-Energy Materials and Technology. Meanwhile, CNRG focuses on Industrials, Utilities and Non-Energy Materials.
What are the top holdings of the PBW ETF and CNRG ETF?
PBW top holdings include BETA Technologies, Inc., OPAL Fuels, Inc. and Itron, Inc.. CNRG holds in its top three: Arcosa, Inc., Constellation Energy Corp. and FuelCell Energy, Inc..
Which ETF is more diversified: PBW or CNRG?
PBW holds 71 securities with 30.12% of its assets in the top 15. CNRG has 39 securities and a top 15 weight of 49.38%.
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