Do CNRG and FRNW hold the same stocks?

By their latest filings, 33% 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 FRNW?

CNRG has 28% of its weight in S&P 500 names and FRNW has 10%, so FRNW differs more from the index.

Which is cheaper, CNRG or FRNW?

CNRG charges 0.45% a year and FRNW charges 0.39%, so FRNW is cheaper. Fees come from each fund's prospectus.

Data as of Nov 4, 2026.

Thematic ETFs

CNRG vs FRNW: Holdings Overlap & Returns

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Over the year to Nov 4, 2026, CNRG returned −14.9% to FRNW's +3.1%; 33% of their weight is in the same names.

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Net assets: $167m on Nov 3, 2026 for State Street SPDR S&P Kensho Clean Power ETF, and $91m on Sep 30, 2026 for Fidelity Clean Energy ETF.

CNRG on its own →FRNW on its own →

At a glance

27.8%

CNRG in the S&P 500

9.7%

FRNW in the S&P 500

−14.9%

CNRG total return, 1 year

+3.1%

FRNW 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.

FRNW · 1 year to Nov 4, 2026 90% of its weight is outside the S&P 500

10% of FRNW's weight is in S&P 500 companies and 90% is outside the index. Holdings as of Jun 30, 2026.

Pair scorecard

FRNW costs 0.06 points a year less; their one-year returns differ by 18.0 points.

Points (pts) are percentage points.

CNRG vs FRNW: Holdings Overlap & Returns
Measure	CNRG	FRNW
Return
Measure	CNRG	FRNW
Total return, 1 year	−14.9%	+3.1%
Drawdown
Measure	CNRG	FRNW
Below its all-time high	40.7%, high on Feb 9, 2021	22.8%, high on Nov 1, 2021
Against its benchmark
Measure	CNRG	FRNW
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%
Against its benchmark, 1 year	behind by 29.7 pts
Cost and size
Measure	CNRG	FRNW
Expense ratio	0.45%	0.39%
Net assets, CNRG as of Nov 3, 2026 and FRNW as of Sep 30, 2026	$167m	$91m
Holdings
Measure	CNRG	FRNW
Holdings in common	33%

Method

What they share

33%

By the books each fund has filed, CNRG and FRNW hold 33% of their money in the same securities at the same weight. Holdings dated Jun 30, 2026 and Nov 3, 2026.

50%

0 half 100%

half

33% in common

Positions both hold · largest shared weight first CNRG FRNW

GE VERNOVA INC 4.08% 5.99%

BLOOM ENERGY CORP A 3.52% 4.51%

NEXTPOWER INC 3.31% 3.31%

FIRST SOLAR INC 2.88% 3.68%

ENLIGHT RENEWABLE ENERGY LTD 2.78% 3.15%

ORMAT TECHNOLOGIES INC 2.66% 2.23%

ENPHASE ENERGY INC 2.32% 2.12%

SUNRUN INC 2.81% 1.87%

SOLAREDGE TECHNOLOGIES INC 2.33% 1.81%

PLUG POWER INC 1.90% 1.49%

T1 ENERGY INC 1.41% 1.47%

SHOALS TECHNOLOGIES GROUP A 3.53% 1.35%

Only in one fund ↓

Only in CNRG

CONSTELLATION ENERGY 4.20%

TRANSALTA CORP 4.12%

AES CORP 3.93%

NEXTERA ENERGY INC 3.82%

AVISTA CORP 3.47%

GENERAC HOLDINGS INC 3.38%

CIA ENERGETICA DE SPON ADR 3.37%

TESLA INC 3.19%

Only in FRNW

VESTAS WIND SYSTEMS AS 4.73%

EDP S.A. 3.72%

ACCIONA SA 2.96%

ORSTED A/S 2.92%

NORDEX SE 2.81%

VERBUND AG 2.32%

BROOKFIELD RENEWABLE CORP 2.31%

ITRON INC 2.27%

Check overlap with more funds →

Window by window

Window by window: CNRG vs FRNW: Holdings Overlap & Returns
	Total return		vs its benchmark
Window	CNRG	FRNW	CNRG	FRNW
3 months	−13.7%	−4.5%	−13.6 pts vs VOO	not measured
6 months	−24.1%	−16.2%	−29.1 pts vs VOO	not measured
1 year	−14.9%	+3.1%	−29.7 pts vs VOO	not measured
3 years	+31.6%	+49.5%	−51.7 pts vs VOO	not measured
Since launchNot the same days: CNRG Oct 2018 · FRNW Oct 2021	+204.0%	−10.7%	−13.5 pts vs VOO	not measured

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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 FRNW Fidelity Clean Energy ETF · Holds 50 stocks in clean energy, 10% of its weight in S&P 500 companies

Issuer State Street Fidelity

Theme Clean energy Clean energy

In the S&P 500 27.8% 9.7%

Active share vs the S&P 500 96.9% 99.5%

In the Nasdaq-100 7.4% 0.0%

Holdings 38 50

Top ten, share of the fund 37.4% 37.8%

Expense ratio 0.45% 0.39%

Fee for the differing part 0.46% 0.39%

Total return, 1 year −14.9% +3.1%

vs its benchmark −29.7 pts vs VOO not measured

Below its high −40.7% −22.8%

Net assets, CNRG as of Nov 3, 2026 and FRNW as of Sep 30, 2026 $167m $91m

As of Nov 4, 2026. Source: ETFIQ.

33% of the two portfolios are the same securities at the same weight.

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.

FRNW

By weight, 10% of FRNW's portfolio is stocks that are also in the S&P 500; its active share against the S&P 500 is 100%. The top ten holdings are 38% of the fund across 50 positions, as filed for Jun 30, 2026. Over the year to Nov 4, 2026 the fund returned +3.1% with distributions reinvested. It sits 22.8% below its all-time high of Nov 1, 2021.

Questions people ask

Do CNRG and FRNW hold the same stocks?: By their latest filings, 33% 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 FRNW?: CNRG has 28% of its weight in S&P 500 names and FRNW has 10%, so FRNW differs more from the index.
Which is cheaper, CNRG or FRNW?: CNRG charges 0.45% a year and FRNW charges 0.39%, so FRNW is cheaper. Fees come from each fund's prospectus.

Other comparisons

CNRG vs FAN CNRG vs KGRN CNRG vs CTEC CNRG vs RNRG FRNW vs PBW FRNW vs HYDR FRNW vs QCLN FRNW vs KGRN

Where to next

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

Sources and dates

CNRG filings on SEC EDGAR ↗

CNRG prospectus with the expense ratio (SEC) ↗

State Street website ↗

FRNW filings on SEC EDGAR ↗

FRNW prospectus with the expense ratio (SEC) ↗

Fidelity website ↗

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 FRNW, data as of Nov 4, 2026. https://etfiq.com/compare/themes/cnrg-vs-frnw

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