Do CNRG and PBD hold the same stocks?

By their latest filings, 12% 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 PBD?

CNRG has 28% of its weight in S&P 500 names and PBD has 2%, so PBD differs more from the index.

Which is cheaper, CNRG or PBD?

CNRG charges 0.45% a year and PBD charges 0.75%, so CNRG is cheaper. Fees come from each fund's prospectus.

Data as of Nov 4, 2026.

Thematic ETFs

CNRG vs PBD: Holdings Overlap & Returns

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Over the year to Nov 4, 2026, CNRG returned −14.9% to PBD's −2.1%; 12% of their weight is in the same names.

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Net assets on Nov 3, 2026: $167m for State Street SPDR S&P Kensho Clean Power ETF and $99m for Invesco Global Clean Energy ETF.

CNRG on its own →PBD on its own →

At a glance

27.8%

CNRG in the S&P 500

1.9%

PBD in the S&P 500

−14.9%

CNRG total return, 1 year

−2.1%

PBD 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.

PBD · 1 year to Nov 4, 2026 98% of its weight is outside the S&P 500

2% of PBD's weight is in S&P 500 companies and 98% is outside the index. Holdings as of Nov 3, 2026.

Pair scorecard

CNRG costs 0.30 points a year less; their one-year returns differ by 12.8 points; CNRG is 1.7 times larger.

Points (pts) are percentage points.

CNRG vs PBD: Holdings Overlap & Returns
Measure	CNRG	PBD
Return
Measure	CNRG	PBD
Total return, 1 year	−14.9%	−2.1%
Drawdown
Measure	CNRG	PBD
Below its all-time high	40.7%, high on Feb 9, 2021	56.6%, high on Jan 22, 2021
Against its benchmark
Measure	CNRG	PBD
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%	+16.9%
Against its benchmark, 1 year	behind by 29.7 pts	behind by 19.0 pts
Cost and size
Measure	CNRG	PBD
Expense ratio	0.45%	0.75%
Net assets, as of Nov 3, 2026	$167m	$99m
Holdings
Measure	CNRG	PBD
Holdings in common	12%

Method

Risk and return

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

CNRG PBD

Return

Total return edge CNRG +199.1% +57.4%

Annualized edge CNRG +14.6% +5.8%

Price return edge CNRG +169.1% +34.5%

Risk

Volatility edge PBD 35.2% 30.2%

Max drawdown edge CNRG −66.2% −73.8%

Downside capture 117.3% 114.0%

Beta 1.26 1.23

Risk-adjusted

Sharpe edge CNRG 0.48 0.25

Sortino edge CNRG 0.74 0.35

Treynor 0.135 0.013

Calmar edge CNRG 0.22 0.08

Against the benchmark

Alpha +0.4% a year −4.2% a year

Alpha t-stat 0.04 −1.07

Information ratio 0.14 −0.17

Tracking error 27.1% 18.0%

Each against its own benchmark: CNRG against VOO, Nov 2, 2018 to Oct 30, 2026; PBD against EFA, Jun 22, 2007 to Oct 30, 2026.

Reading

From Nov 2018 to Oct 2026, CNRG returned more: +199.1% to +57.4%. PBD swung less: 30.2% to 35.2%. CNRG fell less at its worst: −66.2% to −73.8%.

Full scorecard

19 measures, with how each is measured Open ↓

Risk and return: CNRG vs PBD: Holdings Overlap & Returns
Measure	CNRG	PBD	Edge	How it is measured
Return
Total return	+199.1%	+57.4%	CNRG	Price change plus distributions, reinvested.
Annualized	+14.6%	+5.8%	CNRG	Total return as a yearly rate.
Price return	+169.1%	+34.5%	CNRG	Price change alone, distributions left out.
Risk
Volatility	35.2%	30.2%	PBD	Spread of weekly returns, annualized. Lower is steadier.
Downside deviation	23.1%	21.1%	PBD (slight)	Like volatility, counting only weeks below the Treasury bill rate.
Max drawdown	−66.2%	−73.8%	CNRG	Deepest fall from a high to the low after it.
Upside capture	140.5%	126.1%		Share of its benchmark's rise caught in the weeks it rose.
Downside capture	117.3%	114.0%		Share of its benchmark's fall taken in the weeks it fell. Lower is better.
Beta	1.26	1.23	Not an edge	How far it moves for each 1% its benchmark moves.
R squared	0.43	0.66	Not an edge	Share of its weekly moves its benchmark explains.
Risk-adjusted
Sharpe	0.48	0.25	CNRG	Return above Treasury bills per unit of volatility.
Sortino	0.74	0.35	CNRG	Return above Treasury bills per unit of downside deviation.
Treynor	0.135	0.013		Return above Treasury bills per unit of beta.
Calmar	0.22	0.08	CNRG	Annualized return divided by the max drawdown.
Against the benchmark
Benchmark	VOO	EFA		The ETF each fund is measured against.
Alpha	+0.4% a year	−4.2% a year	Not significant	Yearly return beyond what its beta to the benchmark predicts.
Alpha t-stat	0.04	−1.07	Not an edge	How sure the alpha is. Below 2, it could be chance.
Alpha range	−18.2% to +19.0%	−12.0% to +3.5%	Includes zero	The 95% range for the yearly alpha.
Information ratio	0.14	−0.17		Return against its benchmark per unit of tracking error.
Tracking error	27.1%	18.0%	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

12%

By the books each fund has filed, CNRG and PBD hold 12% of their money in the same securities at the same weight. Holdings dated Nov 3, 2026.

50%

0 half 100%

half

12% in common

Positions both hold · largest shared weight first CNRG PBD

SOLAREDGE TECHNOLOGIES INC 2.33% 1.10%

SHOALS TECHNOLOGIES GROUP A 3.53% 1.09%

BLOOM ENERGY CORP A 3.52% 1.01%

ARRAY TECHNOLOGIES INC 2.62% 1.00%

SUNRUN INC 2.81% 0.93%

FIRST SOLAR INC 2.88% 0.90%

ORMAT TECHNOLOGIES INC 2.66% 0.89%

ENLIGHT RENEWABLE ENERGY LTD 2.78% 0.83%

ENPHASE ENERGY INC 2.32% 0.82%

CANADIAN SOLAR INC 2.56% 0.73%

PLUG POWER INC 1.90% 0.66%

JINKO HOLDINGS LTD 2.25% 0.66%

Only in one fund ↓

Only in CNRG

CONSTELLATION ENERGY 4.20%

TRANSALTA CORP 4.12%

GE VERNOVA INC 4.08%

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%

Only in PBD

SES AI Corp 1.38%

Verbund AG 1.30%

Lotte Energy Materials Corp 1.29%

Landis+Gyr Group AG 1.27%

Nibe Industrier AB 1.26%

EVgo Inc 1.21%

NFI Group Inc 1.15%

Samsung SDI Co Ltd 1.10%

Check overlap with more funds →

Window by window

Window by window: CNRG vs PBD: Holdings Overlap & Returns
	Total return		vs its benchmark
Window	CNRG	PBD	CNRG	PBD
3 months	−13.7%	−12.4%	−13.6 pts vs VOO	−10.8 pts vs EFA
6 months	−24.1%	−27.2%	−29.1 pts vs VOO	−29.7 pts vs EFA
1 year	−14.9%	−2.1%	−29.7 pts vs VOO	−19.0 pts vs EFA
3 years	+31.6%	+17.1%	−51.7 pts vs VOO	−49.7 pts vs EFA
Since launchNot the same days: CNRG Oct 2018 · PBD Jun 2007	+204.0%	−17.6%	−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 PBD Invesco Global Clean Energy ETF · Holds 111 stocks in clean energy, 2% of its weight in S&P 500 companies

Issuer State Street Invesco

Theme Clean energy Clean energy

In the S&P 500 27.8% 1.9%

Active share vs the S&P 500 96.9% 99.9%

In the Nasdaq-100 7.4% 0.0%

Holdings 38 111

Top ten, share of the fund 37.4% 12.2%

Expense ratio 0.45% 0.75%

Fee for the differing part 0.46% 0.75%

Total return, 1 year −14.9% −2.1%

vs its benchmark −29.7 pts vs VOO −19.0 pts vs EFA

Below its high −40.7% −56.6%

Net assets, as of Nov 3, 2026 $167m $99m

As of Nov 4, 2026. Source: ETFIQ.

12% of the two portfolios are the same securities at the same weight.

Client brief:

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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.

PBD

By weight, 2% of PBD'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 12% of the fund across 111 positions, as published by its issuer for Nov 3, 2026. Over the year to Nov 4, 2026 the fund returned −2.1% with distributions reinvested against +16.9% for its benchmark, the MSCI EAFE Index, so a holder was behind by 19.0 pts. It sits 56.6% below its all-time high of Jan 22, 2021.

Questions people ask

Do CNRG and PBD hold the same stocks?: By their latest filings, 12% 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 PBD?: CNRG has 28% of its weight in S&P 500 names and PBD has 2%, so PBD differs more from the index.
Which is cheaper, CNRG or PBD?: CNRG charges 0.45% a year and PBD charges 0.75%, so CNRG is cheaper. Fees come from each fund's prospectus.

Other comparisons

CNRG vs KGRN CNRG vs FRNW CNRG vs HYDR CNRG vs SMOG PBD vs PBW PBD vs QCLN PBD vs TAN PBD vs VCLN

Where to next

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

Sources and dates

CNRG filings on SEC EDGAR ↗

CNRG prospectus with the expense ratio (SEC) ↗

State Street website ↗

PBD filings on SEC EDGAR ↗

PBD prospectus with the expense ratio (SEC) ↗

Invesco page for PBD ↗

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

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