Data as of .
CNRG vs QCLN: which is really different?
CNRG and QCLN hold 25% of their weight in the same names, and QCLN returned more over the year.
ETFIQ Off-Index Score: QCLN scores higher
How much of it is not the index it is sold as an alternative to?
A percentile among the 379 thematic ETFs with a holdings filing. It is a position in a set, not a rating, and neither end of it is a recommendation. All thematic ETFs ranked by it · How it is computed
25% of the two portfolios are the same securities at the same weight.
What they hold in common
By the books each fund has filed, CNRG and QCLN hold 25% of their money in the same securities at the same weight.
| Holding | CNRG | QCLN |
|---|---|---|
| BLOOM ENERGY CORP A | 3.85% | 10.51% |
| ENLIGHT RENEWABLE ENERGY LTD | 2.83% | 3.60% |
| FIRST SOLAR INC | 2.67% | 3.96% |
| TESLA INC | 2.57% | 8.08% |
| NEXTPOWER INC | 2.45% | 4.00% |
| ORMAT TECHNOLOGIES INC | 2.42% | 2.06% |
| ENPHASE ENERGY INC | 2.33% | 1.57% |
| PLUG POWER INC | 2.49% | 1.00% |
| SOLAREDGE TECHNOLOGIES INC | 2.17% | 0.73% |
| SUNRUN INC | 2.43% | 0.71% |
| RENEW ENERGY GLOBAL PLC A | 1.71% | 0.58% |
| AMERICAN SUPERCONDUCTOR CORP | 2.21% | 0.50% |
| Only in CNRG | Only in QCLN |
|---|---|
| ARCOSA INC 4.03% | Monolithic Power Systems, Inc. 7.84% |
| GE VERNOVA INC 3.69% | ON Semiconductor Corporation 7.71% |
| CONSTELLATION ENERGY 3.57% | Rivian Automotive, Inc. (Class A) 6.89% |
| CIA ENERGETICA DE SPON ADR 3.55% | Advanced Energy Industries, Inc. 3.61% |
| AES CORP 3.44% | Albemarle Corporation 3.35% |
| TRANSALTA CORP 3.35% | Acuity Inc. 3.12% |
| NEXTERA ENERGY INC 3.21% | Brookfield Renewable Partners LP 3.08% |
| GENERAC HOLDINGS INC 2.94% | MP Materials Corp. 2.89% |
Weight overlap is an ETFIQ calculation: for every security both funds hold, the smaller of the two weights, summed. Above 50%, holding both is close to holding one of them twice. Holdings dated Sep 18, 2026.
Performance, window by window
| Window | Total return | vs the S&P 500 | vs the Nasdaq-100 | |||
|---|---|---|---|---|---|---|
| CNRG | QCLN | CNRG | QCLN | CNRG | QCLN | |
| 3 months | −22.7% | −25.6% | −24.9 pts | −27.8 pts | −20.2 pts | −23.1 pts |
| 6 months | −2.6% | +4.5% | −20.7 pts | −13.6 pts | −26.9 pts | −19.8 pts |
| 1 year | +9.6% | +16.1% | −6.9 pts | −0.5 pts | −12.1 pts | −5.7 pts |
| 3 years | +26.0% | +7.8% | −52.4 pts | −70.6 pts | −72.2 pts | −90.4 pts |
| Since launch | +226.7% | +222.2% | +12.7 pts | −581.4 pts | −111.2 pts | −1468.0 pts |
| CNRG State Street(R) SPDR(R) S&P Kensho Clean Power ETF Holds 40 stocks in clean energy, 24% of its weight in S&P 500 companies | QCLN First Trust Nasdaq Clean Edge Green Energy Index Fund Holds 58 stocks in clean energy, 31% of its weight in S&P 500 companies | |
|---|---|---|
| Issuer | State Street | First Trust |
| Theme | Clean energy | Clean energy |
| In the S&P 500 | 24.5% | 30.9% |
| Active share vs the S&P 500 | 96.9% | 97.9% |
| In the Nasdaq-100 | 6.2% | 15.9% |
| Holdings | 40 | 58 |
| Top ten, share of the fund | 35.9% | 59.5% |
| Expense ratio | 0.45% | 0.59% |
| Fee for the differing part | 0.46% | 0.60% |
| Total return, 1 year | +9.6% | +16.1% |
| vs the S&P 500 | −6.9 pts | −0.5 pts |
| vs the Nasdaq-100 | −12.1 pts | −5.7 pts |
| Below its high | −36.3% | −44.6% |
| Net assets | $188m | $546m |
CNRG in plain words
By weight, 24% 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 36% of the fund across 40 positions, as published by its issuer for Sep 18, 2026. Over the year to Sep 18, 2026 the fund returned +9.6% with distributions reinvested against +16.6% for the S&P 500, so a holder was behind by 6.9 pts. It sits 36.3% below its all-time high of Feb 9, 2021.
QCLN in plain words
By weight, 31% of QCLN's portfolio is stocks that are also in the S&P 500; its active share against the S&P 500 is 98%. The top ten holdings are 60% of the fund across 58 positions, as published by its issuer for Sep 18, 2026. Over the year to Sep 18, 2026 the fund returned +16.1% with distributions reinvested against +16.6% for the S&P 500, so a holder was about even. It sits 44.6% below its all-time high of Feb 9, 2021.
Questions people ask
- Do CNRG and QCLN hold the same stocks?
- By their latest filings, 25% of their books are the same securities at the same weight, which is a meaningful overlap. Overlap is the sum of the smaller weight of every security they share.
- Which is more different from the S&P 500, CNRG or QCLN?
- CNRG has 24% of its weight in S&P 500 names and QCLN has 31%, so QCLN differs more from the index.
- Which is cheaper, CNRG or QCLN?
- CNRG charges 0.45% a year and QCLN charges 0.59%, so CNRG is cheaper. Fees come from each fund's prospectus.
Other comparisons
Where these figures came from
ETFIQ links to the documents behind every figure. It is not affiliated with any issuer, and a link is not an endorsement.
Cite this page. ETFIQ, CNRG against QCLN, data as of Sep 18, 2026. https://etfiq.com/compare/themes/cnrg-vs-qcln Free to use with attribution; the underlying files are at Open data.