Data as of .
CNRG vs TAN: which is really different?
CNRG and TAN hold 27% of their weight in the same names, and CNRG returned more over the year.
ETFIQ Off-Index Score: TAN 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
27% 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 TAN hold 27% of their money in the same securities at the same weight.
| Holding | CNRG | TAN |
|---|---|---|
| ENLIGHT RENEWABLE ENERGY LTD | 2.83% | 8.19% |
| SHOALS TECHNOLOGIES GROUP A | 2.79% | 2.85% |
| FIRST SOLAR INC | 2.67% | 9.81% |
| NEXTPOWER INC | 2.45% | 8.84% |
| SUNRUN INC | 2.43% | 3.86% |
| ENPHASE ENERGY INC | 2.33% | 6.37% |
| SOLAREDGE TECHNOLOGIES INC | 2.17% | 3.86% |
| T1 ENERGY INC | 1.84% | 2.00% |
| DAQO NEW ENERGY CORP ADR | 2.83% | 1.68% |
| ARRAY TECHNOLOGIES INC | 2.02% | 1.55% |
| CANADIAN SOLAR INC | 2.54% | 1.46% |
| RENEW ENERGY GLOBAL PLC A | 1.71% | 1.45% |
| Only in CNRG | Only in TAN |
|---|---|
| ARCOSA INC 4.03% | Doral Group Renewable Energy Resources Ltd 4.68% |
| BLOOM ENERGY CORP A 3.85% | HA Sustainable Infrastructure Capital Inc 4.39% |
| FUELCELL ENERGY INC 3.79% | GCL Technology Holdings Ltd 4.35% |
| GE VERNOVA INC 3.69% | Clearway Energy Inc 3.64% |
| CONSTELLATION ENERGY 3.57% | Solaria Energia y Medio Ambiente SA 3.42% |
| CIA ENERGETICA DE SPON ADR 3.55% | SMA Solar Technology AG 3.02% |
| ENERGY VAULT HOLDINGS INC 3.53% | OY Nofar Energy Ltd 2.89% |
| AES CORP 3.44% | Xinyi Solar Holdings Ltd 2.78% |
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 and Sep 19, 2026.
Performance, window by window
| Window | Total return | vs the S&P 500 | vs the Nasdaq-100 | |||
|---|---|---|---|---|---|---|
| CNRG | TAN | CNRG | TAN | CNRG | TAN | |
| 3 months | −22.7% | −24.6% | −24.9 pts | −26.9 pts | −20.2 pts | −22.1 pts |
| 6 months | −2.6% | −17.2% | −20.7 pts | −35.2 pts | −26.9 pts | −41.5 pts |
| 1 year | +9.6% | +6.7% | −6.9 pts | −9.9 pts | −12.1 pts | −15.1 pts |
| 3 years | +26.0% | −15.9% | −52.4 pts | −94.3 pts | −72.2 pts | −114.0 pts |
| Since launch | +226.7% | −41.6% | +12.7 pts | −845.2 pts | −111.2 pts | −1731.9 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 | TAN Invesco Solar ETF Holds 45 stocks in clean energy, 10% of its weight in S&P 500 companies | |
|---|---|---|
| Issuer | State Street | Invesco |
| Theme | Clean energy | Clean energy |
| In the S&P 500 | 24.5% | 9.8% |
| Active share vs the S&P 500 | 96.9% | 100.0% |
| In the Nasdaq-100 | 6.2% | 0.0% |
| Holdings | 40 | 45 |
| Top ten, share of the fund | 35.9% | 58.0% |
| Expense ratio | 0.45% | 0.70% |
| Fee for the differing part | 0.46% | 0.70% |
| Total return, 1 year | +9.6% | +6.7% |
| vs the S&P 500 | −6.9 pts | −9.9 pts |
| vs the Nasdaq-100 | −12.1 pts | −15.1 pts |
| Below its high | −36.3% | −62.3% |
| Net assets | $188m | $953m |
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.
TAN in plain words
By weight, 10% of TAN'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 58% of the fund across 45 positions, as published by its issuer for Sep 19, 2026. Over the year to Sep 18, 2026 the fund returned +6.7% with distributions reinvested against +16.6% for the S&P 500, so a holder was behind by 9.9 pts. It sits 62.3% below its all-time high of Feb 9, 2021.
Questions people ask
- Do CNRG and TAN hold the same stocks?
- By their latest filings, 27% 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 TAN?
- CNRG has 24% of its weight in S&P 500 names and TAN has 10%, so TAN differs more from the index.
- Which is cheaper, CNRG or TAN?
- CNRG charges 0.45% a year and TAN charges 0.70%, 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 TAN, data as of Sep 18, 2026. https://etfiq.com/compare/themes/cnrg-vs-tan Free to use with attribution; the underlying files are at Open data.