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CNRG vs IBAT

State Street SPDR S&P Kensho Clean Power ETF

CNRGBNYSE Arca

iShares Energy Storage & Materials ETF

IBATBNasdaq

Overlap

6.3%by weight

Expense ratio

CNRG −0.02pt a year

CNRG0.45%IBAT0.47%

Avg volume · 30D

IBAT 2.6×the volume

CNRG9.06KIBAT23.8K

CNRG vs IBAT Performance

Oct 31, 2025 – Oct 30, 2026

−23.2%CNRG+13.3%IBAT

Oct 31, 2025 to Oct 30, 2026. CNRG −23.2%. IBAT +13.3%. Use the arrow keys to read each point.0%40%Oct 2025Apr 2026Oct 2026
Expense ratio
CNRG 0.45%, better
IBAT 0.47%
Fund size
CNRG $163M
IBAT $56M
1Y total return
CNRG −23.2%
IBAT +13.3%, better
Yield (12M)
CNRG 1.66%, better
IBAT 0.84%
Holdings
CNRG 40
IBAT 97
Avg volume (30D)
CNRG 9.06K sh
IBAT 23.8K sh, better
NAV per share
CNRG $78.65
IBAT $35.92
52W range

ETF.net Grade

CNRG: Cost 83, Risk 34, Mission not scored, Tradability 57, Holdings 79, Durability 67. IBAT: Cost 83, Risk 73, Mission not scored, Tradability 37, Holdings 55, Durability 36.
Pillar letters and Scores for CNRG, IBAT, with each pillar’s weight
PillarCNRGIBAT
Cost30% weightA83A83
Mission25% weightNot scoredNot scored
Risk15% weightD34A73Higher
Tradability15% weightB57HigherD37
Holdings10% weightA79HigherB55
Durability5% weightB67HigherD36

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 IBAT 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 IBAT 4th 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

Our read on each fund

ETF.net Research

CNRGBState Street SPDR S&P Kensho Clean Power ETF

IBATBiShares Energy Storage & Materials 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.

IBAT Most EV funds buy carmakers. IBAT drops a layer down the supply chain to the batteries, hydrogen, fuel cells and storage materials underneath, tracking a global STOXX index at a fee that undercuts much of its thematic peer group.

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.

IBAT The fund seeks to track an index of global companies involved in battery technologies, hydrogen, fuel cells, and other energy-storage solutions. It provides targeted exposure to companies supporting the transition to a low-carbon economy.

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.
  • IBAT 0.47% a year, cheaper than Global X's DRIV (0.68%) and Amplify's BATT (0.59%).
  • Buys the storage layer, not the showroom: battery technology, hydrogen, fuel cells and the materials that feed them.ishares.com
  • Global mandate, roughly 80 holdings: miners, chemical firms and equipment makers a US large-cap index never touches.
  • Sits in the upper tier of its battery and EV thematic group on our review.

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.
  • IBAT One theme, one supply chain. Battery and materials demand drives the whole basket in the same direction at the same time.
  • BlackRock applies business involvement screens, so the portfolio is a filtered slice of the industry rather than the full map.ishares.com
  • Launched in 2024, so the record is short and payouts come once or twice a year at most. Not an income holding.

Full CNRG profile⁠

Full IBAT profile⁠

CNRG vs IBAT Holdings

How CNRG and IBAT differ

Overlap by weight

6.3%

Shared holdings make up 16.6% of CNRG and 9.6% of IBAT.

Level by level

  • Holdings8 in both6.3%
  • Countryby domicile33.9%
  • Sector6 Sectors57.8%
  • Asset classEquity100%

Sector

Sector weights in CNRG and IBAT, widest gap first
SectorMore in CNRGMore in IBAT
MaterialsIBAT +42.2 points
UtilitiesCNRG +32.6 points
IndustrialsCNRG +4.1 points
EnergyCNRG +2.5 points
TechnologyCNRG +2.4 points
Consumer DiscretionaryCNRG +0.6 points

Country, concentration and asset class

Country by domicile

Country weights in CNRG and IBAT, widest gap first
CountryMore in CNRGMore in IBAT
United StatesCNRG +50.8 points
JapanIBAT +31.7 points
South KoreaIBAT +11.7 points
FranceIBAT +10.0 points
GermanyIBAT +6.7 points
CanadaCNRG +5.7 points
TaiwanIBAT +4.2 points
BrazilCNRG +3.6 points
Other countries (4)CNRG +4.3 points

Outside the US: IBAT 68% developed, 32% emerging.

Concentration

Weight in the 10 largest Holdings

  • CNRG38.0%
  • IBAT56.5%

Securities held

  • CNRG38
  • IBAT85

Asset class

CNRG
Equity
IBAT
Equity

Holdings

  • Only in CNRG30
  • In both8
  • Only in IBAT77

Only in CNRG

30 securities, 83.4% of CNRG by weight

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

Only in IBAT

77 securities, 90.1% of IBAT by weight

  • Air Products and Chemicals7.32%
  • Lair Liquide Societe Anonyme Pour7.07%
  • Basf N6.53%

Weight gaps

All 8 Holdings in both funds, largest gap first.

Holding weights in CNRG and IBAT, widest gap first
HoldingMore in CNRGMore in IBAT
Bloom Energy Corp ABEIBAT +3.35 points
Fuelcell Energy IncFCELCNRG +2.74 points
Solaredge Technologies IncSEDGCNRG +1.73 points
Plug Power IncPLUGCNRG +1.51 points
Ballard Power Systems IncBLDPCNRG +1.35 points
Enphase Energy IncENPHCNRG +1.13 points
Eos Energy Enterprises IncEOSECNRG +1.11 points
Fluence Energy IncFLNCCNRG +0.74 points

All 38 CNRG holdings⁠All 82 IBAT 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 IBAT Cost

Overpaying IBAT vs CNRG

$377

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

  • CNRG 0.45%

    $9,041

  • IBAT 0.47%

    $9,418

$10,000
30 years

Cost over time

  • CNRG 0.45%
  • IBAT 0.47%
  • Overpaying
One line per fund, from year 0 to year 30. Use the arrow keys to read each point.$0$2K$4K$6K$8K$10K051015202530IBAT $9,418CNRG $9,041

Year by year

YearCNRGIBATOverpaying
10$812$847$35
20$3,128$3,261$133
30$9,041$9,418$377

Expense ratio

  • 0.45%CNRG, cheaper
  • 0.47%IBAT
  • Middle half of Clean Energy funds
  • Median 0.59%

CNRG 3rd cheapest of 16 funds

IBAT 4th cheapest of 16 funds

CNRG vs IBAT Dividends

Last 12 months to Oct 30, 2026
Yield (12M)
CNRG 1.66%, better
IBAT 0.84%
Payout (12M)
CNRG $1.27
IBAT $0.30
Last payment
CNRG $0.36
IBAT $0.18
Ex-dividend
CNRG Sep 21, 2026
IBAT Jun 15, 2026
Paid on
CNRG Sep 23, 2026
IBAT Jun 18, 2026
Frequency
CNRG Quarterly
IBAT Twice a year

Distribution history

Per share, 2018 to 2026, same scale for both

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
IBATTwice a year · 5 paymentsAll IBAT payments⁠
One bar per payment. 5 payments from 2018 to 2026 YTD. Jun 11, 2024 $0.18; Dec 17, 2024 $0.12; Jun 16, 2025 $0.21; Dec 16, 2025 $0.12; Jun 15, 2026 $0.18. Use the arrow keys to read each point.$0$0.50202020232026YTD

CNRG vs IBAT Risk

Fall from peak · 5 years

This chart needs five years of history for both funds.

Risk facts

VolatilityStd dev, 3 years
CNRG 34.4%IBAT 30.2%since Apr 2024
Return per unit of riskSharpe ratio, 3 years
CNRG 0.31IBAT 0.48since Apr 2024
Worst fallMax drawdown, 5 years
CNRG −59.2%IBAT −28.2%since Mar 2024
Market sensitivityBeta, 5 years
CNRG 1.87IBAT 1.57

CNRG and IBAT in the news

All news⁠

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