Do CNRG and FAN hold the same stocks?

By their latest filings, 7% of their books are the same securities at the same weight. Overlap is the sum of the smaller weight of every security they share.

Which is more different from the S&P 500, CNRG or FAN?

CNRG has 28% of its weight in S&P 500 names and FAN has 7%, so FAN differs more from the index.

Which is cheaper, CNRG or FAN?

CNRG charges 0.45% a year and FAN charges 0.60%, so CNRG is cheaper. Fees come from each fund's prospectus.

Data as of Nov 4, 2026.

Thematic ETFs

CNRG vs FAN: Holdings Overlap & Returns

Share on X Download as PDF

Over the year to Nov 4, 2026, CNRG returned −14.9% to FAN's +15.1%; 7% of their weight is in the same names.

askIQ about this page

askIQ about CNRG and FAN

Net assets on Nov 3, 2026: $167m for State Street SPDR S&P Kensho Clean Power ETF and $190m for First Trust Global Wind Energy ETF.

CNRG on its own →FAN on its own →

At a glance

27.8%

CNRG in the S&P 500

6.7%

FAN in the S&P 500

−14.9%

CNRG total return, 1 year

+15.1%

FAN total return, 1 year

CNRG · 1 year to Nov 4, 2026 72% of its weight is outside the S&P 500

28% of CNRG's weight is in S&P 500 companies and 72% is outside the index. Holdings as of Nov 3, 2026.

FAN · 1 year to Nov 4, 2026 93% of its weight is outside the S&P 500

7% of FAN's weight is in S&P 500 companies and 93% is outside the index. Holdings as of Nov 3, 2026.

Pair scorecard

CNRG costs 0.15 points a year less; their one-year returns differ by 30.0 points; FAN is 1.1 times larger.

Points (pts) are percentage points.

CNRG vs FAN: Holdings Overlap & Returns
Measure	CNRG	FAN
Return
Measure	CNRG	FAN
Total return, 1 year	−14.9%	+15.1%
Drawdown
Measure	CNRG	FAN
Below its all-time high	40.7%, high on Feb 9, 2021	14.9%, high on May 6, 2026
Against its benchmark
Measure	CNRG	FAN
What it tracks	Clean energy	Clean energy
Against the S&P 500, 1 year	behind by 29.7 pts
Its benchmark, total return, 1 year	+14.8%	+14.8%
Against its benchmark, 1 year	behind by 29.7 pts
Cost and size
Measure	CNRG	FAN
Expense ratio	0.45%	0.60%
Net assets, as of Nov 3, 2026	$167m	$190m
Holdings
Measure	CNRG	FAN
Holdings in common	7%

Method

Risk and return

Nov 2, 2018 to Oct 30, 2026 · 417 weekly returns

CNRG FAN

Return

Total return edge CNRG +199.1% +114.9%

Annualized edge CNRG +14.6% +10.0%

Price return edge CNRG +169.1% +89.0%

Risk

Volatility edge FAN 35.2% 22.2%

Max drawdown edge FAN −66.2% −46.2%

Downside capture 117.3% 103.6%

Beta 1.26 1.02

Risk-adjusted

Sharpe edge CNRG 0.48 0.41

Sortino edge CNRG 0.74 0.60

Treynor 0.135 0.022

Calmar edge CNRG (slight) 0.22 0.22

Against the benchmark

Alpha +0.4% a year −9.5% a year

Alpha t-stat 0.04 −2.46

Information ratio 0.14 −0.56

Tracking error 27.1% 16.5%

Each against its own benchmark: CNRG against VOO, Nov 2, 2018 to Oct 30, 2026; FAN against IWV, Jul 3, 2008 to Oct 30, 2026.

Reading

From Nov 2018 to Oct 2026, CNRG returned more: +199.1% to +114.9%. FAN swung less: 22.2% to 35.2%. FAN fell less at its worst: −46.2% to −66.2%.

Full scorecard

19 measures, with how each is measured Open ↓

Risk and return: CNRG vs FAN: Holdings Overlap & Returns
Measure	CNRG	FAN	Edge	How it is measured
Return
Total return	+199.1%	+114.9%	CNRG	Price change plus distributions, reinvested.
Annualized	+14.6%	+10.0%	CNRG	Total return as a yearly rate.
Price return	+169.1%	+89.0%	CNRG	Price change alone, distributions left out.
Risk
Volatility	35.2%	22.2%	FAN	Spread of weekly returns, annualized. Lower is steadier.
Downside deviation	23.1%	15.4%	FAN	Like volatility, counting only weeks below the Treasury bill rate.
Max drawdown	−66.2%	−46.2%	FAN	Deepest fall from a high to the low after it.
Upside capture	140.5%	77.2%		Share of its benchmark's rise caught in the weeks it rose.
Downside capture	117.3%	103.6%		Share of its benchmark's fall taken in the weeks it fell. Lower is better.
Beta	1.26	1.02	Not an edge	How far it moves for each 1% its benchmark moves.
R squared	0.43	0.56	Not an edge	Share of its weekly moves its benchmark explains.
Risk-adjusted
Sharpe	0.48	0.41	CNRG	Return above Treasury bills per unit of volatility.
Sortino	0.74	0.60	CNRG	Return above Treasury bills per unit of downside deviation.
Treynor	0.135	0.022		Return above Treasury bills per unit of beta.
Calmar	0.22	0.22	CNRG (slight)	Annualized return divided by the max drawdown.
Against the benchmark
Benchmark	VOO	IWV		The ETF each fund is measured against.
Alpha	+0.4% a year	−9.5% a year	CNRG not significant	Yearly return beyond what its beta to the benchmark predicts.
Alpha t-stat	0.04	−2.46	Not an edge	How sure the alpha is. Below 2, it could be chance.
Alpha range	−18.2% to +19.0%	−17.1% to −1.9%	CNRG includes zero	The 95% range for the yearly alpha.
Information ratio	0.14	−0.56		Return against its benchmark per unit of tracking error.
Tracking error	27.1%	16.5%	Not an edge	How far weekly returns stray from the benchmark, annualized.

Computed by ETFIQ from Tiingo daily prices and ETFIQ's distribution records, 417 weekly returns. Cash rate: the 13-week Treasury bill.

What they share

By the books each fund has filed, CNRG and FAN hold 7% of their money in the same securities at the same weight. Holdings dated Nov 3, 2026.

50%

0 half 100%

half

7% in common

Positions both hold · largest shared weight first CNRG FAN

NEXTERA ENERGY INC 3.82% 2.22%

GE VERNOVA INC 4.08% 2.21%

ENLIGHT RENEWABLE ENERGY LTD 2.78% 1.81%

AMERICAN SUPERCONDUCTOR CORP 2.30% 0.63%

RENEW ENERGY GLOBAL PLC A 1.95% 0.32%

Only in one fund ↓

Only in CNRG

CONSTELLATION ENERGY 4.20%

TRANSALTA CORP 4.12%

AES CORP 3.93%

SHOALS TECHNOLOGIES GROUP A 3.53%

BLOOM ENERGY CORP A 3.52%

AVISTA CORP 3.47%

GENERAC HOLDINGS INC 3.38%

CIA ENERGETICA DE SPON ADR 3.37%

Only in FAN

Nordex SE 8.61%

Orsted A/S 8.33%

EDP Renewables SA 7.96%

Vestas Wind Systems A/S 7.70%

China Longyuan Power Group Corporation Limited (Class H) 6.14%

Cadeler A/S 4.34%

ERG SpA 4.08%

CS Wind Corp. 2.99%

Check overlap with more funds →

Window by window

Window by window: CNRG vs FAN: Holdings Overlap & Returns
	Total return		vs its benchmark
Window	CNRG	FAN	CNRG	FAN
3 months	−13.7%	−1.5%	−13.6 pts vs VOO	−1.2 pts vs IWV
6 months	−24.1%	−14.9%	−29.1 pts vs VOO	−19.8 pts vs IWV
1 year	−14.9%	+15.1%	−29.7 pts vs VOO	+0.3 pts vs IWV
3 years	+31.6%	+66.8%	−51.7 pts vs VOO	−14.2 pts vs IWV
Since launchNot the same days: CNRG Oct 2018 · FAN Jun 2008	+204.0%	+12.2%	−13.5 pts vs VOO	not measured

Open this comparison in the app →

Side by side

CNRG State Street SPDR S&P Kensho Clean Power ETF · Holds 38 stocks in clean energy, 28% of its weight in S&P 500 companies FAN First Trust Global Wind Energy ETF · Holds 45 stocks in clean energy, 7% of its weight in S&P 500 companies

Issuer State Street First Trust

Theme Clean energy Clean energy

In the S&P 500 27.8% 6.7%

Active share vs the S&P 500 96.9% 99.2%

In the Nasdaq-100 7.4% 0.0%

Holdings 38 45

Top ten, share of the fund 37.4% 55.2%

Expense ratio 0.45% 0.60%

Fee for the differing part 0.46% 0.60%

Total return, 1 year −14.9% +15.1%

vs its benchmark −29.7 pts vs VOO +0.3 pts vs IWV

Below its high −40.7% −14.9%

Net assets, as of Nov 3, 2026 $167m $190m

As of Nov 4, 2026. Source: ETFIQ.

7% of the two portfolios are the same securities at the same weight.

Client brief:

The two-page PDF for this pair is coming. Save the comparison to follow its changes. Free. It needs an email sign-in, once.

Your saved page · Privacy.

Alert

About each fund

CNRG

By weight, 28% of CNRG's portfolio is stocks that are also in the S&P 500; its active share against the S&P 500 is 97%. The top ten holdings are 37% of the fund across 38 positions, as published by its issuer for Nov 3, 2026. Over the year to Nov 4, 2026 the fund returned −14.9% with distributions reinvested against +14.8% for its benchmark, the S&P 500 Index, so a holder was behind by 29.7 pts. It sits 40.7% below its all-time high of Feb 9, 2021.

FAN

Over the year to Nov 4, 2026 the fund returned +15.1% with distributions reinvested against +14.8% for its benchmark, the Russell 3000 Index, so a holder was about even.

By weight, 7% of FAN's portfolio is stocks that are also in the S&P 500; its active share against the S&P 500 is 99%. The top ten holdings are 55% of the fund across 45 positions, as published by its issuer for Nov 3, 2026. It sits 14.9% below its all-time high of May 6, 2026.

Questions people ask

Do CNRG and FAN hold the same stocks?: By their latest filings, 7% of their books are the same securities at the same weight. Overlap is the sum of the smaller weight of every security they share.
Which is more different from the S&P 500, CNRG or FAN?: CNRG has 28% of its weight in S&P 500 names and FAN has 7%, so FAN differs more from the index.
Which is cheaper, CNRG or FAN?: CNRG charges 0.45% a year and FAN charges 0.60%, so CNRG is cheaper. Fees come from each fund's prospectus.

Other comparisons

CNRG vs CTEC CNRG vs ICLN CNRG vs SMOG CNRG vs PBW FAN vs PBW FAN vs FRNW FAN vs HYDR FAN vs QCLN

Where to next

All thematic ETFs ranked by the S&P 500 Difference Score →How the scores are computed →CNRG on its own →FAN on its own →CNRG dividend history →CNRG holdings →FAN dividend history →FAN holdings →Method →Standards and sources →

Sources and dates

CNRG filings on SEC EDGAR ↗

CNRG prospectus with the expense ratio (SEC) ↗

State Street website ↗

FAN filings on SEC EDGAR ↗

FAN prospectus with the expense ratio (SEC) ↗

First Trust page for FAN ↗

Links are sources, not endorsements. A comparison is not a recommendation.

How this is computed

Overlap adds up the smaller of the two weights for each security both funds hold.

Every number is an ETFIQ calculation with distributions reinvested.

Cite this pageCitation, APA and Markdown

ETFIQ, CNRG against FAN, data as of Nov 4, 2026. https://etfiq.com/compare/themes/cnrg-vs-fan

Open data →

Free to use with attribution for data ETFIQ computes; issuer data stays under its owner's terms.