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 Consumer Cyclicals. 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 up 4.62% year-to-date (YTD) with -$299M in YTD flows. CNRG performs worse with -0.58% YTD performance, and +$8M 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 09/04/2026
| 1M | 3M | YTD | 1Y | 3Y | 5Y | ||
|---|---|---|---|---|---|---|---|
| Perf. | PBW CNRG | -8.06%-9.34% | -30.06%-27.43% | +4.62%-0.58% | +29.68%+21.52% | -8.75%+22.57% | -56.70%-4.36% |
| Flows | PBW CNRG | -$37M-$2M | -$75M-$7M | -$299M+$8M | -$83M+$13M | -$113M-$105M | -$352M-$79M |
Volatility and drawdown
| 3M | 1Y | 3Y | 5Y | ||
|---|---|---|---|---|---|
| Volatility | PBW CNRG | +47.88%+43.83% | +43.71%+40.41% | +41.45%+35.62% | +43.41%+34.98% |
| Max drawdown | PBW CNRG | -34.31%-29.72% | -36.09%-31.54% | -62.05%-40.17% | -84.50%-59.07% |
| Max drawdown duration | PBW CNRG | 92d92d | 94d94d | 771d717d | 1761d1645d |
Trading data
PBW | CNRG | |
Last sale 9/8/2026 at 1:30 PM | $32.38 | $92.30 |
| Previous close 09/04/2026 | $31.79 | $88.81 |
| Consolidated volume 09/04/2026 | ||
| 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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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 9/8/2026 at 1:30 PM
Live
Closed
PBW | CNRG | |
|---|---|---|
| Last price | $32.38 | $92.30 |
| 1D performance | +1.86% | +3.93% |
| AuM | $392.44 M | $191.42 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 | 72 | 40 |
| 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
74.67%
Other
25.33%
CNRG
USA
69.34%
Canada
8.25%
Other
22.42%
Sectors
PBW
Industrials
41.3%
Non-Energy Materi.
22.94%
Consumer Cyclical.
11.97%
Technology
11.23%
Utilities
7.2%
Other
5.36%
CNRG
Industrials
43.9%
Utilities
32.93%
Non-Energy Materi.
10.79%
Other
12.38%
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Diversification
PBW
Total weight of top 15 holdings out of 15
30.06%
CNRG
Total weight of top 15 holdings out of 15
48.96%
Top 15 holdings
Data as of July 31, 2026
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%
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%
Frequently asked questions about PBW and CNRG
How have the PBW and CNRG ETFs performed in 2026?
As of September 4, 2026, PBW is up 4.62% year-to-date (YTD), while CNRG has lost -0.58%. That puts PBW better performer ahead so far this year.
Which ETF is attracting more investor money: PBW or CNRG?
Year-to-date, the PBW ETF saw -$299M in flows, compared to +$8M for CNRG.
Which ETF is more volatile: PBW or CNRG?
Over the past year, PBW had a volatility of 43.71%, while CNRG experienced 40.41%.
Which ETF is bigger: PBW or CNRG?
As of September 4, 2026, PBW holds $392.44 M in assets under management (AUM), while CNRG manages $191.42 M.
What sectors do the PBW and CNRG ETFs invest in?
PBW leans toward sectors like Industrials, Non-Energy Materials and Consumer Cyclicals. 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 Itron, Inc., Gentherm, Inc. and OPAL Fuels, Inc.. CNRG holds in its top three: FuelCell Energy, Inc., Arcosa, Inc. and GE Vernova, Inc..
Which ETF is more diversified: PBW or CNRG?
PBW holds 72 securities with 30.06% of its assets in the top 15. CNRG has 40 securities and a top 15 weight of 48.96%.
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