CNRG vs KGRN

CNRGBState Street SPDR S&P Kensho Clean Power ETF

KGRNFKraneShares MSCI China Clean Technology Index 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.

KGRN The clean-energy shelf is mostly global funds. KGRN goes one country deep: an MSCI index of roughly 50 Chinese environmental-technology names, run by a shop that does nothing but China.

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.

KGRN The fund seeks to follow the performance of the MSCI China IMI Environment 10/40 Index.

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.

• KGRN Single-country by design: it follows the MSCI China IMI Environment 10/40 Index, while most clean-energy peers spread their bets across global markets.
• Run by KraneShares, a China-focused specialist, and trading since 2017, so it carries a live record through several China market cycles.
• About 50 holdings keeps the theme legible: China clean tech is the whole portfolio, not a sliver buried inside a global basket.

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.

• KGRN At 0.79% a year, it costs more than the clean-energy median of 0.59% and roughly double broad peers ICLN and FRNW at 0.39%.
• Thinly traded next to the category's largest funds, which can show up as wider bid-ask spreads and more cost around the trade itself.
• One country, about 50 stocks: Chinese policy shifts, regulation and currency moves flow straight through with no global diversification to soften them.

Full CNRG profile⁠

Full KGRN profile⁠