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ACES vs CNRG

ALPS Clean Energy ETF

ACESCNYSE Arca

State Street SPDR S&P Kensho Clean Power ETF

CNRGBNYSE Arca

Overlap

28.5%by weight

Expense ratio

CNRG −0.10pt a year

ACES0.55%CNRG0.45%

Avg volume · 30D

ACES 5.7×the volume

ACES51.9KCNRG9.06K

5Y return · a year

CNRG +13.5pt

ACES−19.1%CNRG−5.6%

ACES vs CNRG Performance

Nov 2, 2021 – Nov 2, 2026

−65.3%ACES−24.9%CNRG

Nov 2, 2021 to Nov 2, 2026. ACES −65.3%. CNRG −24.9%. Use the arrow keys to read each point.−40%0%20%Nov 2021May 2024Nov 2026
Expense ratio
ACES 0.55%
CNRG 0.45%, better
Fund size
ACES $87M
CNRG $163M
1Y total return
ACES −23.6%
CNRG −22.5%, better
Yield (12M)
ACES 0.70%
CNRG 1.65%, better
Holdings
ACES 38
CNRG 40
Avg volume (30D)
ACES 51.9K sh, better
CNRG 9.06K sh
NAV per share
ACES $25.98
CNRG $78.65
52W range

ETF.net Grade

ACES: Cost 60, Risk 28, Mission not scored, Tradability 60, Holdings 59, Durability 49. CNRG: Cost 83, Risk 35, Mission not scored, Tradability 57, Holdings 79, Durability 70.
Pillar letters and Scores for ACES, CNRG, with each pillar’s weight
PillarACESCNRG
Cost30% weightB60A83Higher
Mission25% weightNot scoredNot scored
Risk15% weightD28D35Higher
Tradability15% weightB60HigherB57
Holdings10% weightB59A79Higher
Durability5% weightC49A70Higher

Rank among Clean Energy funds

How we build Categories ›
Same Category. Both funds are graded against the same funds, so their Grades compare head to head.

Same Category. ACES and CNRG are both graded against the same 16 Clean Energy funds, so their Grades compare head to head.

Clean Energy⁠

Category · 16 funds
See all 16 ›

CNRG ranks 3rd and ACES 7th of 16 funds in the Clean Energy Category.

  1. Rank 1AICLNiShares Global Clean Energy ETFScore 80
  2. Rank 2AFRNWFidelity Clean Energy ETFScore 77
  3. Rank 3BCNRGState Street SPDR S&P Kensho Clean Power ETFScore 66
  4. Rank 4BIBATiShares Energy Storage & Materials ETFScore 65
  5. Rank 6BQCLNFirst Trust NASDAQ Clean Edge Green Energy Index FundScore 55
  6. Rank 7CACESALPS Clean Energy ETFScore 52
  7. Rank 8CPBWInvesco WilderHill Clean Energy ETFScore 49

Our read on each fund

ETF.net Research

ACESCALPS Clean Energy ETF

CNRGBState Street SPDR S&P Kensho Clean Power ETF

In short

ACES Most clean energy funds cast a global net. This one stays on the continent: a passive, roughly 40-stock index of U.S. and Canadian renewables and clean tech, running since 2018.

CNRG A focused read on clean power: about 40 global stocks tracked to an S&P Kensho index, at a fee below the clean-energy midpoint. Small fund, sharp mandate, one of the stronger builds in the theme.

Stated mandate

ACES ACES seeks to track the CIBC Atlas Clean Energy Index before fees and expenses. It uses passive indexing to provide exposure to U.S. and Canadian companies involved in renewables and clean technology.

CNRG The fund seeks to provide investment results that generally correspond to the total return performance of the S&P Kensho Clean Power Index before fees and expenses.

Why people hold it

  • ACES North America only. The index holds U.S. and Canadian renewables and clean-tech names, so no Europe or Asia exposure sneaks in through the back door.alpsfunds.com
  • Fee sits below the median for clean energy ETFs at 0.55%, and undercuts narrower plays like FAN (0.61%).
  • Straightforward plumbing: a passive fund tracking the CIBC Atlas Clean Energy Index, live since 2018, with quarterly distributions.
  • CNRG Charges 0.45% a year, under the 0.59% median for clean-energy funds and below pricier peers like FAN (0.61%) and ACES (0.55%).
  • About 40 holdings, so each name carries real weight. This is a concentrated take on clean power, not a broad index with a green label stapled on.
  • Rules-based and global: it tracks the S&P Kensho Clean Power Index rather than leaving the theme to a manager's judgment.ssga.com
  • Live since 2018, giving it a longer record through the theme's boom and bust than most clean-energy launches.

Worth knowing

  • ACES Roughly 40 stocks in one policy-sensitive theme. Concentration cuts both ways, and this has been one of the more volatile profiles in its clean energy peer group.
  • Cheaper doors into the theme exist: ICLN and FRNW both charge 0.39%, though both track global rather than North America indexes.
  • Moderately traded rather than a category heavyweight, so bid-ask spreads matter more here than in the most-traded clean energy funds.
  • CNRG Thinly traded compared with the theme's headline funds, which can mean wider bid-ask spreads at the moment you transact.
  • A concentrated slice of one policy-sensitive sector. Swings run harder than a broad equity fund's, in both directions.
  • Distributions come quarterly, but yield is incidental here. The fund is built around the clean-power theme, not payout.

Full ACES profile⁠

Full CNRG profile⁠

ACES vs CNRG Holdings

How ACES and CNRG differ

Overlap by weight

28.5%

Shared holdings make up 41.9% of ACES and 37.2% of CNRG.

Level by level

  • Holdings16 in both28.5%
  • Sector8 Sectors50.4%
  • Countryby domicile85.4%
  • Asset classEquity100%

Sector

Sector weights in ACES and CNRG, widest gap first
SectorMore in ACESMore in CNRG
IndustrialsCNRG +21.7 points
TechnologyCNRG +21.7 points
EnergyACES +18.7 points
Consumer DiscretionaryACES +8.9 points
Consumer StaplesACES +8.6 points
MaterialsACES +8.1 points
UtilitiesCNRG +6.2 points
FinancialsACES +5.4 points

Country, concentration and asset class

Country by domicile

Country weights in ACES and CNRG, widest gap first
CountryMore in ACESMore in CNRG
United StatesACES +7.8 points
CanadaACES +6.8 points
ChinaCNRG +5.0 points
BrazilCNRG +3.6 points
IsraelCNRG +3.0 points
IndiaCNRG +2.0 points
ChileCNRG +1.0 points

Concentration

Weight in the 10 largest Holdings

  • ACES54.9%
  • CNRG38.0%

Securities held

  • ACES37
  • CNRG38

Asset class

ACES
Equity
CNRG
Equity

Holdings

  • Only in ACES21
  • In both16
  • Only in CNRG22

Only in ACES

21 securities, 58.0% of ACES by weight

  • Northland Power Inc.6.06%
  • Clearway Energy Inc.5.89%
  • Itron Inc.5.80%

Only in CNRG

22 securities, 62.8% of CNRG by weight

  • Constellation Energy4.33%
  • Transalta Corp4.23%
  • Ge Vernova Inc4.05%

Weight gaps

All 16 Holdings in both funds, largest gap first.

Holding weights in ACES and CNRG, widest gap first
HoldingMore in ACESMore in CNRG
Tesla Inc.TSLAACES +2.82 points
Nextpower Inc.NXTACES +2.67 points
Ormat Technologies Inc.ORAACES +2.31 points
Energy Vault Holdings Inc.NRGVCNRG +2.20 points
Ameresco Inc.AMRCCNRG +2.17 points
Enphase Energy Inc.ENPHACES +2.05 points
First Solar Inc.FSLRACES +2.05 points
Shoals Technologies Group Inc.SHLSCNRG +1.31 points

All 37 ACES holdings⁠All 38 CNRG holdings⁠

How we measure overlap

Each holding counts at its smaller weight in the two funds, summed over the full Holdings. Sector, country and asset class use the same rule on each fund’s split. Cash, FX and derivative lines stay out of the counts. Two bond funds get no overlap figure.

ACES vs CNRG Cost

Overpaying ACES vs CNRG

$1,863

On $10,000 over 30 years. 7% growth a year before fees, expense ratio only.

  • ACES 0.55%

    $10,904

  • CNRG 0.45%

    $9,041

$10,000
30 years

Cost over time

  • ACES 0.55%
  • CNRG 0.45%
  • Overpaying
One line per fund, from year 0 to year 30. Use the arrow keys to read each point.$0$2.5K$5K$7.5K$10K$12.5K051015202530ACES $10,904CNRG $9,041

Year by year

YearACESCNRGOverpaying
10$988$812$176
20$3,790$3,128$662
30$10,904$9,041$1,863

Expense ratio

  • 0.55%ACES
  • 0.45%CNRG, cheaper
  • Middle half of Clean Energy funds
  • Median 0.59%

CNRG 3rd cheapest of 16 funds

ACES 7th cheapest of 16 funds

ACES vs CNRG Dividends

Last 12 months to Nov 2, 2026
Yield (12M)
ACES 0.70%
CNRG 1.65%, better
Payout (12M)
ACES $0.19
CNRG $1.27
Last payment
ACES $0.07
CNRG $0.36
Ex-dividend
ACES Sep 17, 2026
CNRG Sep 21, 2026
Paid on
ACES Sep 22, 2026
CNRG Sep 23, 2026
Frequency
ACES Quarterly
CNRG Quarterly

Distribution history

Per share, 2018 to 2026, same scale for both

ACESQuarterly · 31 paymentsAll ACES payments⁠
One bar per payment. 31 payments from 2018 to 2026 YTD. Dec 20, 2018 $0.08; Mar 21, 2019 $0.12; Jun 20, 2019 $0.19; Sep 19, 2019 $0.16; Dec 19, 2019 $0.14; Mar 19, 2020 $0.15; Jun 18, 2020 $0.12; Sep 17, 2020 $0.10; Dec 22, 2020 $0.08; Mar 18, 2021 $0.05; Jun 17, 2021 $0.18; Sep 23, 2021 $0.11; Dec 22, 2021 $0.12; Mar 24, 2022 $0.06; Jun 23, 2022 $0.13; Sep 22, 2022 $0.15; Dec 22, 2022 $0.16; Mar 23, 2023 $0.06; Jun 22, 2023 $0.14; Sep 21, 2023 $0.14; Dec 21, 2023 $0.18; Jun 20, 2024 $0.08; Sep 19, 2024 $0.09; Dec 19, 2024 $0.11; Mar 20, 2025 $0.01; Jun 20, 2025 $0.02; Sep 18, 2025 $0.10; Dec 18, 2025 $0.09; Mar 19, 2026 $0.01; Jun 18, 2026 $0.02; Sep 17, 2026 $0.07. Use the arrow keys to read each point.$0$0.50202020232026YTD
CNRGQuarterly · 32 paymentsAll CNRG payments⁠
One bar per payment. 32 payments from 2018 to 2026 YTD. Dec 24, 2018 $0.10; Mar 18, 2019 $0.14; Jun 24, 2019 $0.13; Sep 23, 2019 $0.09; Dec 23, 2019 $0.17; Mar 23, 2020 $0.31; Jun 22, 2020 $0.23; Sep 21, 2020 $0.10; Dec 21, 2020 $0.12; Mar 22, 2021 $0.20; Jun 21, 2021 $0.34; Sep 20, 2021 $0.17; Dec 20, 2021 $0.49; Mar 21, 2022 $0.19; Jun 21, 2022 $0.38; Sep 19, 2022 $0.14; Dec 19, 2022 $0.31; Mar 20, 2023 $0.15; Jun 20, 2023 $0.17; Sep 18, 2023 $0.18; Dec 18, 2023 $0.33; Mar 18, 2024 $0.20; Jun 24, 2024 $0.27; Sep 23, 2024 $0.26; Dec 23, 2024 $0.09; Mar 24, 2025 $0.12; Jun 23, 2025 $0.18; Sep 22, 2025 $0.31; Dec 22, 2025 $0.69; Mar 23, 2026 $0.06; Jun 22, 2026 $0.16; Sep 21, 2026 $0.36. Use the arrow keys to read each point.$0$0.50202020232026YTD

ACES vs CNRG Risk

Fall from peak · 5 years

  • ACES
  • CNRG
Nov 2, 2021 to Nov 2, 2026. Worst fall: ACES −74.2% · Apr 2025. Use the arrow keys to read each point.−80%−60%−40%−20%0%Nov 2021May 2024Nov 2026

Risk facts

VolatilityStd dev, 3 years
ACES 30.5%, betterCNRG 34.4%
Return per unit of riskSharpe ratio, 3 years
ACES −0.11CNRG 0.31, better
Worst fallMax drawdown, 5 years
ACES −74.2%CNRG −59.0%, better
Market sensitivityBeta, 5 years
ACES 1.46CNRG 1.87

ACES and CNRG in the news

All news⁠

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