Data as of Nov 4, 2026.
CNRG vs ICLN: Holdings Overlap & Returns
Over the year to Nov 4, 2026, CNRG returned −14.9% to ICLN's −2.3%; 22% 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 $2.1bn on Nov 4, 2026 for iShares Global Clean Energy ETF.
28% of CNRG's weight is in S&P 500 companies and 72% is outside the index. Holdings as of Nov 3, 2026.
9% of ICLN's weight is in S&P 500 companies and 91% is outside the index. Holdings as of Nov 3, 2026.
Pair scorecard
ICLN costs 0.07 points a year less; their one-year returns differ by 12.6 points; ICLN is 12.0 times larger.
Points (pts) are percentage points.
| Measure | CNRG | ICLN |
|---|---|---|
| Return | ||
| Total return, 1 year | −14.9% | −2.3% |
| Drawdown | ||
| Below its all-time high | 40.7%, high on Feb 9, 2021 | 54.7%, high on Jun 25, 2008 |
| Against its benchmark | ||
| 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 | ||
| Expense ratio | 0.45% | 0.38% |
| Net assets, as of Nov 3, 2026 | $167m | $2.0bn |
| Holdings | ||
| Holdings in common | 22% | |
Risk and return
Nov 2, 2018 to Oct 30, 2026 · 417 weekly returnsFrom Nov 2018 to Oct 2026, CNRG returned more: +199.1% to +103.9%. ICLN swung less: 30.1% to 35.2%. ICLN fell slightly less at its worst: −64.8% to −66.2%.
Full scorecard
9 measures, with how each is measured Open ↓
| Measure | CNRG | ICLN | Edge | How it is measured |
|---|---|---|---|---|
| Return | ||||
| Total return | +199.1% | +103.9% | CNRG | Price change plus distributions, reinvested. |
| Annualized | +14.6% | +9.3% | CNRG | Total return as a yearly rate. |
| Price return | +169.1% | +83.6% | CNRG | Price change alone, distributions left out. |
| Risk | ||||
| Volatility | 35.2% | 30.1% | ICLN | Spread of weekly returns, annualized. Lower is steadier. |
| Downside deviation | 23.1% | 20.5% | ICLN | Like volatility, counting only weeks below the Treasury bill rate. |
| Max drawdown | −66.2% | −64.8% | ICLN (slight) | Deepest fall from a high to the low after it. |
| Risk-adjusted | ||||
| Sharpe | 0.48 | 0.35 | CNRG | Return above Treasury bills per unit of volatility. |
| Sortino | 0.74 | 0.52 | CNRG | Return above Treasury bills per unit of downside deviation. |
| Calmar | 0.22 | 0.14 | CNRG | Annualized return divided by the max drawdown. |
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 ICLN hold 22% of their money in the same securities at the same weight. Holdings dated Nov 3, 2026.
half
22% in common
Only in one fund ↓
Window by window
| Total return | vs its benchmark | |||
|---|---|---|---|---|
| Window | CNRG | ICLN | CNRG | ICLN |
| 3 months | −13.7% | −8.3% | −13.6 pts vs VOO | not measured |
| 6 months | −24.1% | −21.9% | −29.1 pts vs VOO | not measured |
| 1 year | −14.9% | −2.3% | −29.7 pts vs VOO | not measured |
| 3 years | +31.6% | +27.1% | −51.7 pts vs VOO | not measured |
| Since launchNot the same days: CNRG Oct 2018 · ICLN Jun 2008 | +204.0% | −54.7% | −13.5 pts vs VOO | not measured |
Side by side
As of Nov 4, 2026. Source: ETFIQ.
22% of the two portfolios are the same securities at the same weight.
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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.
ICLN
By weight, 9% of ICLN'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 52% of the fund across 106 positions, as published by its issuer for Nov 3, 2026. Over the year to Nov 4, 2026 the fund returned −2.3% with distributions reinvested. It sits 54.7% below its all-time high of Jun 25, 2008.
Questions people ask
- Do CNRG and ICLN hold the same stocks?
- By their latest filings, 22% of their books are the same securities at the same weight. Overlap is the sum of the smaller weight of every security they share.
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.
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ETFIQ, CNRG against ICLN, data as of Nov 4, 2026. https://etfiq.com/compare/themes/cnrg-vs-icln
ETFIQ. (Nov 4, 2026). CNRG against ICLN. Retrieved from https://etfiq.com/compare/themes/cnrg-vs-icln
[CNRG against ICLN (ETFIQ, Nov 4, 2026)](https://etfiq.com/compare/themes/cnrg-vs-icln)
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