CNRG vs SPY
State Street SPDR S&P Kensho Clean Power ETF vs State Street SPDR S&P 500 ETF Trust
Which is better, CNRG or SPY?
Mid Cap Blend against Large Cap Blend.
SPY has a lower expense ratio. CNRG led over 1Y and the full window, SPY over 3Y and 5Y. CNRG is less concentrated, with 32.9% of the fund in its ten largest positions against 38.0%.
MarketXLS is not an investment adviser. This comparison is generated automatically from market data and is for information only. A Best mark means the better reading on that one measure, not a recommendation to buy.
Side-by-Side Comparison
| Metric | CNRG | SPY |
|---|---|---|
| Expense Ratio | 0.45% | 0.09%Best |
| AUM | $207M | $804.7B |
| Dividend Yield | 1.34% | 0.98% |
| Holdings | 43 | 505 |
| YTD Return | -5.88% | +11.52%Best |
| 1Y Return | +19.85%Best | +17.48% |
| 3Y Return (annualized) | +7.87% | +20.62%Best |
| 5Y Return (annualized) | -0.40% | +12.73%Best |
| Volatility (annualized) | 34.7% | 16.7%Best |
| Max Drawdown | -68.5% | -34.1%Best |
| $10,000 over 5 years | $9,802 | $18,205Best |
| Top 10 Weight | 32.9%Best | 38.0% |
| Fund Family | State Street Investment Management | State Street Investment Management |
| Category | Equity | Equity |
| Style | Mid Cap Blend | Large Cap Blend |
| Inception | Oct 19, 2018 | Jan 22, 1993 |
Volatility and max drawdown are measured over the window both funds cover: Oct 23, 2018 to Sep 10, 2026 (7.9 years).
CNRG vs SPY growth
Month-end closes. Both lines start at 0% in the first month shown, so the gap between them is the difference in growth across that window. The full view covers the 7.9 years both funds cover.
CNRG vs SPY Performance
State Street SPDR S&P Kensho Clean Power ETF (CNRG) is an ETF from State Street Investment Management and State Street SPDR S&P 500 ETF Trust (SPY) is an ETF from State Street Investment Management. Over the past year CNRG returned +19.85% while SPY returned +17.48%. Year to date, CNRG is down 5.88% versus a gain of 11.52% for SPY.
Over three years, CNRG compounded at +7.87% per year against +20.62% for SPY; over five years the annualized figures are -0.40% and +12.73% respectively. Across the full 8-year window we track, CNRG has the edge at +15.83% annualized vs +14.87%.
Past performance does not guarantee future results.
Risk: Volatility and Drawdowns
CNRG has been the more volatile fund, with annualized monthly volatility of 34.7% compared with 16.7% for SPY. Lower volatility generally means a smoother ride, though it often comes with lower long-run returns.
The deepest peak-to-trough decline in our data was -68.5% for CNRG and -34.1% for SPY. Drawdown depth is what each fund did in the worst stretch of the window measured above.
The two funds' monthly returns correlate at 0.64. They move together some of the time, and apart the rest.
Fees and Cost Over Time
CNRG charges 0.45% per year while SPY charges 0.09%. On a $10,000 position that is $45 vs $9 annually, a gap of $36 per year that compounds over a long holding period. On income, CNRG currently yields 1.34% against 0.98% for SPY.
Holdings Overlap
22.4% of CNRG's money is in holdings SPY also owns. 2.5% of SPY's money is in holdings CNRG also owns.
CNRG and SPY share little of their money.
8 positions in common, counted across the 41 positions we hold weights for in CNRG and 504 in SPY, against full books of 43 and 505.
What only one of them owns
Our book lists 486 positions for SPY that do not appear in our book for CNRG (97.0% of the fund), and 27 for CNRG that do not appear in SPY (63.5%).
Some of those will be the same company recorded under a different code in one of the two books, so the real difference in what you would own is no larger than this and may be smaller. We do not name the individual positions here for that reason.
Top Shared Holdings
| Stock | Weight in CNRG | Weight in SPY | Difference |
|---|---|---|---|
| GEVGE Vernova Inc. CDR (CAD Hedged) | 3.45% | 0.41% | 3.04% |
| CEGConstellation Energy Corp | 3.24% | 0.13% | 3.11% |
| TSLATesla Inc | 1.99% | 1.38% | 0.61% |
| NEENextera Energy Inc. | 3.01% | 0.27% | 2.74% |
| AESAes Corp | 2.95% | 0.02% | 2.93% |
| FSLRFirst Solar, Inc | 2.87% | 0.04% | 2.83% |
| GNRCGenerac Holdings, Inc. | 2.68% | 0.02% | 2.66% |
| GLWCorning Inc. | 2.21% | 0.19% | 2.02% |
22.4% of CNRG is already inside SPY.
You probably hold more than these two. Add the rest and see how much of the whole book is the same companies twice.
Free for up to 10 holdings. No account needed.
Frequently Asked Questions
Which is cheaper, CNRG or SPY?
CNRG has an expense ratio of 0.45% while SPY charges 0.09%. SPY is the cheaper option, by $36 a year on a $10,000 investment.
Which performed better, CNRG or SPY?
Over the past year CNRG returned +19.85% vs +17.48% for SPY, so CNRG leads on 1-year performance. Over the longest common window we track (8 years), CNRG annualized +15.83% vs +14.87% for SPY. Past performance does not guarantee future results. This is information, not a recommendation.
Which is riskier, CNRG or SPY?
CNRG has been the more volatile fund at 34.7% annualized versus 16.7% for SPY. Worst drawdown: CNRG -68.5% vs SPY -34.1%.
Should I hold both CNRG and SPY?
CNRG and SPY have a monthly-return correlation of 0.64, so their returns are far enough apart for the mix to behave differently from either one alone. This is information, not a recommendation.
What is the holdings overlap between CNRG and SPY?
22.4% of CNRG's money is in holdings SPY also owns. 2.5% of SPY's is in holdings CNRG also owns. They hold 8 positions in common, counted across the 41 positions we hold weights for in CNRG and 504 in SPY.
Which pays a higher dividend, CNRG or SPY?
CNRG yields 1.34% while SPY yields 0.98%, so CNRG currently pays the higher dividend yield.
Is SPY better than CNRG?
SPY has a lower expense ratio. CNRG led over 1Y and the full window, SPY over 3Y and 5Y. CNRG is less concentrated, with 32.9% of the fund in its ten largest positions against 38.0%. Which one suits a particular account depends on what it is for. This is information, not a recommendation.