Skip to content
etf.net

CNRG vs FAN

State Street SPDR S&P Kensho Clean Power ETF

CNRGBNYSE Arca

First Trust Global Wind Energy ETF

FANBNYSE Arca

Overlap

5.3%by weight

Expense ratio

CNRG −0.15pt a year

CNRG0.45%FAN0.60%

Avg volume · 30D

FAN 8.2×the volume

CNRG9.06KFAN74.2K

5Y return · a year

FAN +7.0pt

CNRG−5.7%FAN+1.3%

CNRG vs FAN Performance

Oct 29, 2021 – Oct 30, 2026

−25.4%CNRG+6.9%FAN

Oct 29, 2021 to Oct 30, 2026. CNRG −25.4%. FAN +6.9%. Use the arrow keys to read each point.−60%−40%20%Oct 2021Apr 2024Oct 2026
Expense ratio
CNRG 0.45%, better
FAN 0.60%
Fund size
CNRG $163M
FAN $186M
1Y total return
CNRG −23.2%
FAN +8.7%, better
Yield (12M)
CNRG 1.66%, better
FAN 0.95%
Holdings
CNRG 40
FAN 50
Avg volume (30D)
CNRG 9.06K sh
FAN 74.2K sh, better
NAV per share
CNRG $78.65
FAN $21.87
52W range

ETF.net Grade

CNRG: Cost 83, Risk 34, Mission not scored, Tradability 57, Holdings 79, Durability 67. FAN: Cost 40, Risk 90, Mission not scored, Tradability 59, Holdings 52, Durability 75.
Pillar letters and Scores for CNRG, FAN, with each pillar’s weight
PillarCNRGFAN
Cost30% weightA83HigherC40
Mission25% weightNot scoredNot scored
Risk15% weightD34A90Higher
Tradability15% weightB57B59Higher
Holdings10% weightA79HigherC52
Durability5% weightB67A75Higher

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. CNRG and FAN 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 FAN 5th of 16 funds in the Clean Energy Category.

  1. Rank 1AICLNiShares Global Clean Energy ETFScore 81
  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 5BFANFirst Trust Global Wind Energy ETFScore 57
  6. Rank 6CQCLNFirst Trust NASDAQ Clean Edge Green Energy Index FundScore 55

Our read on each fund

ETF.net Research

CNRGBState Street SPDR S&P Kensho Clean Power ETF

FANBFirst Trust Global Wind Energy ETF

In short

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.

FAN Wind, and only wind. Tracking a global index since 2008, FAN reserves 60% of the weight for pure-play turbine makers and wind-farm operators, with diversified multinationals taking the rest.

Stated mandate

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.

FAN The fund seeks to track, before fees and expenses, the price and yield performance of the ISE Clean Edge Global Wind Energy Index, an equity index focused on companies active in wind energy.

Why people hold it

  • 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.
  • FAN Broad clean-energy funds blend solar, storage and grid hardware. This index stays on wind: farm developers, power producers, and machinery built specifically for the industry.ftportfolios.com
  • The 60/40 split is deliberate, keeping smaller wind-only names (50%+ of revenue or generating capacity from wind) from being drowned out by multinationals with a wind division.ftportfolios.comsec.gov
  • Trading since June 2008, it predates most of the clean-energy shelf and has run through the theme's full boom and bust. Roughly 50 stocks worldwide, distributions paid quarterly.
  • One of the stronger overall builds in a crowded clean-energy peer group, and among the steadier ones in that group on measured risk.

Worth knowing

  • 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.
  • FAN 0.60% net of a waiver through January 31, 2027 (0.61% gross) sits near the category median, but above ICLN at 0.38% and FRNW at 0.39%, neither waiver-dependent.
  • One industry, roughly 50 global names. Turbine order books, power prices and policy shifts move this more than they move a diversified energy fund.
  • Assets and volume are moderate next to the category's largest funds, so spreads can widen; worth checking the quote before trading.

Full CNRG profile⁠

Full FAN profile⁠

CNRG vs FAN Holdings

How CNRG and FAN differ

Overlap by weight

5.3%

Shared holdings make up 12.3% of CNRG and 5.3% of FAN.

Level by level

  • Holdings4 in both5.3%
  • Countryby domicile25.4%
  • Sector6 Sectors70.3%
  • Asset classEquity100%

Sector

Sector weights in CNRG and FAN, widest gap first
SectorMore in CNRGMore in FAN
TechnologyCNRG +27.1 points
UtilitiesFAN +18.5 points
IndustrialsFAN +10.6 points
EnergyCNRG +2.0 points
MaterialsFAN +0.6 points
Consumer DiscretionaryCNRG +0.5 points

Country, concentration and asset class

Country by domicile

Country weights in CNRG and FAN, widest gap first
CountryMore in CNRGMore in FAN
United StatesCNRG +64.2 points
DenmarkFAN +15.9 points
GermanyFAN +13.9 points
SpainFAN +12.2 points
ItalyFAN +8.2 points
ChinaFAN +5.8 points
JapanFAN +4.1 points
BrazilCNRG +3.6 points
Other countries (12)FAN +7.7 points

Outside the US: FAN 76% developed, 24% emerging.

Concentration

Weight in the 10 largest Holdings

  • CNRG38.0%
  • FAN54.8%

Securities held

  • CNRG38
  • FAN45

Asset class

CNRG
Equity
FAN
Equity

Holdings

  • Only in CNRG34
  • In both4
  • Only in FAN41

Only in CNRG

34 securities, 87.7% of CNRG by weight

  • Constellation Energy4.33%
  • Transalta Corp4.23%
  • Aes Corp4.03%

Only in FAN

41 securities, 94.5% of FAN by weight

  • Nordex SE8.49%
  • Orsted A/S8.26%
  • EDP Renewables SA7.78%

Weight gaps

All 4 Holdings in both funds, largest gap first.

Holding weights in CNRG and FAN, widest gap first
HoldingMore in CNRGMore in FAN
Ge Vernova IncGEVCNRG +1.94 points
American Superconductor CorpAMSCCNRG +1.76 points
Renew Energy Global PLC ARNWCNRG +1.67 points
Nextera Energy IncNEECNRG +1.57 points

All 38 CNRG holdings⁠All 45 FAN 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.

CNRG vs FAN Cost

Overpaying FAN vs CNRG

$2,776

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

  • CNRG 0.45%

    $9,041

  • FAN 0.60%

    $11,817

$10,000
30 years

Cost over time

  • CNRG 0.45%
  • FAN 0.60%
  • 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$12.5K051015202530FAN $11,817CNRG $9,041

Year by year

YearCNRGFANOverpaying
10$812$1,076$264
20$3,128$4,116$988
30$9,041$11,817$2,776

Expense ratio

  • 0.45%CNRG, cheaper
  • 0.60%FAN
  • Middle half of Clean Energy funds
  • Median 0.59%

CNRG 3rd cheapest of 16 funds

FAN 10th cheapest of 16 funds

CNRG vs FAN Dividends

Last 12 months to Oct 30, 2026
Yield (12M)
CNRG 1.66%, better
FAN 0.95%
Payout (12M)
CNRG $1.27
FAN $0.21
Last payment
CNRG $0.36
FAN $0.07
Ex-dividend
CNRG Sep 21, 2026
FAN Sep 24, 2026
Paid on
CNRG Sep 23, 2026
FAN Sep 30, 2026
Frequency
CNRG Quarterly
FAN Quarterly

Distribution history

Per share, 2017 to 2026, same scale for both

CNRGQuarterly · 32 paymentsAll CNRG payments⁠
One bar per payment. 32 payments from 2017 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$0.502017202020232026YTD
FANQuarterly · 37 paymentsAll FAN payments⁠
One bar per payment. 37 payments from 2017 to 2026 YTD. Mar 23, 2017 $0.05; Jun 22, 2017 $0.24; Sep 21, 2017 $0.06; Mar 22, 2018 $0.04; Jun 21, 2018 $0.15; Sep 14, 2018 $0.06; Dec 18, 2018 $0.06; Mar 21, 2019 $0.09; Jun 14, 2019 $0.10; Sep 25, 2019 $0.06; Dec 13, 2019 $0.10; Mar 26, 2020 $0.04; Jun 25, 2020 $0.09; Sep 24, 2020 $0.03; Dec 24, 2020 $0.03; Mar 25, 2021 $0.05; Jun 24, 2021 $0.11; Sep 23, 2021 $0.14; Dec 23, 2021 $0.06; Mar 25, 2022 $0.03; Jun 24, 2022 $0.10; Sep 23, 2022 $0.09; Dec 23, 2022 $0.04; Mar 24, 2023 $0.04; Jun 27, 2023 $0.12; Sep 22, 2023 $0.08; Dec 22, 2023 $0.04; Mar 21, 2024 $0.03; Jun 27, 2024 $0.13; Sep 26, 2024 $0.05; Dec 13, 2024 $0.03; Mar 27, 2025 $0.02; Jun 26, 2025 $0.11; Sep 25, 2025 $0.09; Dec 12, 2025 $0.05; Jun 25, 2026 $0.09; Sep 24, 2026 $0.07. Use the arrow keys to read each point.$0$0.502017202020232026YTD

CNRG vs FAN Risk

Fall from peak · 5 years

  • CNRG
  • FAN
Oct 29, 2021 to Oct 30, 2026. Worst fall: CNRG −59.2% · Apr 2025. Use the arrow keys to read each point.−60%−40%−20%0%Oct 2021Apr 2024Oct 2026

Risk facts

VolatilityStd dev, 3 years
CNRG 34.4%FAN 20.3%, better
Return per unit of riskSharpe ratio, 3 years
CNRG 0.31FAN 0.72, better
Worst fallMax drawdown, 5 years
CNRG −59.2%FAN −37.9%, better
Market sensitivityBeta, 5 years
CNRG 1.87FAN 0.98

CNRG and FAN in the news

All news⁠

Popular comparisons

  • CNRGBvsICLNA

    State Street SPDR S&P Kensho Clean Power ETF · iShares Global Clean Energy ETF

    Expense ratio
    0.45% · 0.38%
    Category
    Same Category. Both funds are graded against the same funds, so their Grades compare head to head.

  • FANBvsICLNA

    First Trust Global Wind Energy ETF · iShares Global Clean Energy ETF

    Expense ratio
    0.60% · 0.38%
    Category
    Same Category. Both funds are graded against the same funds, so their Grades compare head to head.

  • CNRGBvsFRNWA

    State Street SPDR S&P Kensho Clean Power ETF · Fidelity Clean Energy ETF

    Expense ratio
    0.45% · 0.39%
    Category
    Same Category. Both funds are graded against the same funds, so their Grades compare head to head.

  • FANBvsFRNWA

    First Trust Global Wind Energy ETF · Fidelity Clean Energy ETF

    Expense ratio
    0.60% · 0.39%
    Category
    Same Category. Both funds are graded against the same funds, so their Grades compare head to head.

  • CNRGBvsIBATB

    State Street SPDR S&P Kensho Clean Power ETF · iShares Energy Storage & Materials ETF

    Expense ratio
    0.45% · 0.47%
    Category
    Same Category. Both funds are graded against the same funds, so their Grades compare head to head.

  • FANBvsIBATB

    First Trust Global Wind Energy ETF · iShares Energy Storage & Materials ETF

    Expense ratio
    0.60% · 0.47%
    Category
    Same Category. Both funds are graded against the same funds, so their Grades compare head to head.